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
Bitcoin had a chance to break higher today, but the move failed to gain real traction, according to one chart analyst who says the setup still points to a bear market where upside attempts tend to fizzle out more often than they succeed. Why Rally Attempts Keep Failing The main issue, according to the analysis,
Mike Novogratz, the founder and CEO of Galaxy Digital, said the U.S. government’s persistent fiscal deficits are keeping him bullish on Bitcoin, the flagship cryptocurrency. He has predicted that Washington’s persistent reluctance to rein in spending will result in forced fiscal discipline. Frightening figures Novogratz made the comments on X in response to investor and
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
Bitcoin’s next 60 days could be important for determining whether the current bear market reaches a bottom by October or continues into November or December, according to an analysis of historical market cycles. Bitcoin is currently trading around $63,000. Historical data shows that August and September have often been weak months for Bitcoin, particularly during
After reaching its peak of $126,000 in October, Bitcoin entered a bear market, falling to around $57,000 before continuing its sideways movement above $60,000. While discussions continue about whether $BTC, which has been moving sideways between $60,000 and $65,000 for some time, has reached its bottom, one analyst pointed to October as a possible bottom.
Bitcoin ($BTC) edged away from weekly lows on Thursday after the US Producer Price Index (PPI) narrowly cooled in July. Key points: Bitcoin avoids further downside as US PPI data provides a boost to US equities. Cleveland Fed president stays hawkish on the outlook for interest-rate policy. Bitcoin long liquidations make $61,000 a key level
An $XRP Ledger validator has urged users to exercise extreme caution when dealing with tokenized stocks and yield-generating products on the network. XRPL validator Vet, aka Hussain Zangana, said users should not assume that tokenized assets are safe simply because they are issued on the $XRP Ledger. He stressed that the ability to issue a