Kalshi, a regulated prediction market platform, has closed a $1 billion funding round that values the company at $11 billion, according to TechCrunch. The round was led by returning investors Sequoia Capital and CapitalG, with participation from Andreessen Horowitz, Paradigm, Anthos Capital, and Neo. The new valuation brings Kalshi closer to the $12 billion to
The government of Kyrgyzstan has officially launched USDKG, a stablecoin backed by gold and pegged to the U.S. fiat currency. The authorities in Bishkek expect that the crypto, issued by a state-owned entity, will put the country on the map of global finances and attract investments. Kyrgyzstan to issue 50 million USDKG tokens on Tron
The prediction market space has graduated from a hyped niche to an all-out frenzy, with Kalshi and Polymarket volumes soaring and legacy betting sites such as DraftKings entering the fray. Polymarket is capitalizing on the fervor as it seeks to raise yet another round of funding, this time at a $12 billion valuation, according to
Imagine waking up to news that six of Japan’s largest asset management firms are actively exploring crypto funds. This isn’t speculation – it’s happening right now as Japan’s financial landscape undergoes a dramatic transformation that could reshape how institutional investors approach digital assets worldwide. Why Are Japanese Asset Managers Embracing Crypto Funds Now? The timing
Have you heard the groundbreaking news? Numerai just secured $30 million in Series C funding, catapulting this innovative crypto hedge fund to a $500 million valuation. This massive investment signals growing confidence in the fusion of artificial intelligence and decentralized finance. What Makes Numerai Series C Funding So Revolutionary? The Numerai Series C funding represents
While the crypto market has slipped into a correction, liquidity has felt flimsy as November’s trading activity thinned out and the stablecoin economy pulled back. Since Nov. 15, roughly $840 million has drained from the fiat-pegged token sector. Crypto Market Faces Dry Powder Deficit as Stablecoin Economy and Volumes Contract For two straight weeks, the
Norges Bank, the central bank of Norway, has lost hundreds of millions of dollars on its Strategy (formerly MicroStrategy) investment. Unlike the Federal Reserve and other central banks, Norges Bank invests directly into equities, including stock index constituents like Strategy’s common stock, MSTR. Sometimes, those investments go south. Indeed, the sovereign wealth fund has lost
The Saudi Arabian Real Estate Registry (RER), which is under the supervision of the KSA’s Real Estate General Authority (REGA), has launched a nationwide property tokenization infrastructure that offers digital ownership transfer built on a blockchain infrastructure that would include real estate registration, fractionalization and marketplace integration. SettleMint, an enterprise asset tokenization platform, has already
AVAX One Technology (AVX), an Avalanche-centered digital asset treasury company with hedge fund veteran Anthony Scaramucci heading the advisory board, is the latest to turn to share buybacks to arrest plunging stock prices. The firm said Thursday its board authorized an up to $40 million stock repurchase program, which will be executed at the company’s
Latin American cryptocurrency exchange Ripio has revealed it holds a crypto treasury valued at over $100 million, making it the second-largest publicly known such firm in Latin America behind OranjeBTC. The company’s CEO Sebastian Serrano confirmed the figure in an interview with CoinDesk during DevConnect 2025 in Buenos Aires, noting that it began acquiring bitcoin