Kalshi Seeks $40B Valuation Weeks After $1B Raise: FT
Kalshi is seeking a $40 billion valuation weeks after completing a $1 billion fundraise at a $22 billion valuation. The prediction market platform's higher ask comes amid escalating regulatory disputes between federal and state authorities over its operations.
Read full story →TradFi perps volume surges 117-fold to $387B in 18 months as crypto exchanges eat Wall Street’s lunch
Traditional finance perpetual futures volume on crypto exchanges increased 117-fold to $387 billion over 18 months. This growth reflects traders' migration toward decentralized exchanges offering round-the-clock trading of traditional assets.
Bitcoin miners sell 28,000 BTC worth $2B amid rising costs
Bitcoin miners sold 28,000 BTC valued at approximately $2 billion as operational costs increased. This selling activity reflects a broader strategic shift toward artificial intelligence and data center operations.
Tether Announces Audit by KPMG, Reports Positive Opinion from Auditor
KPMG US issued a positive audit opinion on Tether following a complete review of the company's financial reserves. This addresses long-standing questions about whether sufficient assets back the USDT stablecoin, the leading digital asset in the stablecoin sector.