Kalshi is in advanced discussions to raise at least $750 million at a $40 billion valuation, The Information reported, citing people familiar with the matter. Sequoia Capital and Wellington Management are considering leading the round, which could ultimately exceed $750 million. Sequoia is already an investor in Kalshi, while the deal would mark Wellington’s first
Robinhood Ventures Fund II has priced an 8 million-share initial public offering at $25 per share, raising $200 million before fees as Robinhood expands its retail-focused private market fund business. According to a press release from Robinhood Ventures Fund II, the offering values the fund at $225.5 million before sales load and offering expenses, with
Major financial publications appeared to be in disagreement this month, publishing three different dates for when 319 million additional shares of SpaceX would unlock this month. At Wednesday’s share price, that unlock is worth about $46 billion — a figure that should certainly motivate shareholders to decide on an exact date for the expansion of
Happy Thursday, advisors! In today’s newsletter, Joyce Lai explores why, with more clients integrating crypto into their estate plans, traditional advisors risk losing relevance by ignoring this growing, long-term asset class. Then, in “Ask an Expert,” Bryan Courchesne, CEO of DAiM, answers questions about market sentiment and investment trends. Happy reading. Crypto is already in
Institutional crypto liquidity provider B2C2 has appointed Jason Lai, the former chairman of Schroders Wealth Management Asia, as a senior adviser in Singapore, as the firm looks to deepen its ties with family offices, funds and asset managers across Asia-Pacific, the company said in a press release Thursday. Lai is a veteran of Asia’s private
Swiss banking firm Swissquote Group (SQN) cut full-year revenue and profit forecasts after first-half net crypto income fell 66.2% to 14.6 million Swiss francs ($18 million). Crypto trading volume at the Gland, Switzerland-based fintech dropped 63.5% to 2.58 billion Swiss francs, according to its results presentation. The company cut its net revenue outlook for the
The most consequential crypto launch of 2026 happened with almost no ceremony. On May 13, Charles Schwab began rolling out spot trading in bitcoin and ether to retail clients, inside the half-year window CEO Rick Wurster had promised, at a flat 75 basis points per trade, custodied at Schwab’s own bank with Paxos providing sub-custody