Kalshi, a prediction market platform, raised $1 billion in a Series F funding round, doubling its valuation to $22 billion. The company plans to use the funds to expand adoption among institutional investors like hedge funds and asset managers, and to develop new products including block trading and risk management tools. Kalshi's trading volume has surged from $52 billion to $178 billion annually, with revenue exceeding $1.5 billion. Despite legal challenges in several states accusing it of illegal betting, Kalshi maintains it operates under federal regulation and continues to grow amid increasing institutional interest in event contracts for hedging and market signals.
Ethereum's market capitalization has fallen to about $186.263 billion, while Tether's stablecoin market cap rose to approximately $187.05 billion, marking a rare flip where Tether overtakes Ethereum. This shift is driven by increased demand for stabl...
A newly created wallet withdrew 37,316 ZEC (about $13.12 million) from Binance right after Zcash's price dropped 50% due to a critical security flaw in its protocol. The vulnerability, discovered on May 29, could have allowed counterfeit ZEC creation...
MemeCore's price fell sharply by 14.16% amid increased selling pressure, with trading volume rising 11.72% to $10.63 million, indicating active repositioning by traders. Open Interest dropped 18.06% to $83.22 million, showing leveraged traders rapidl...
James Wo, CEO of crypto investment firm DFG, argues bitcoin has stronger institutional support and safe-haven status than ether, which he believes won't reach new all-time highs soon. Wo points out that Ethereum's value is diluted by Layer-2 networks...
BlackRock sold $213 million worth of Bitcoin shortly after a recent purchase, signaling a return to selling amid ongoing market volatility. This move followed a brief inflow in its Bitcoin ETF, which had raised hopes of a market bottom. Analysts note...
