Kalshi Raises $1B, Valued at $11B in New Funding Round
Back to News Decentralized prediction market platform Kalshi has secured $1 billion in a recent funding round, raising its valuation to $11 billion, as per a report by TechCrunch. The funding is a major milestone for the U.S.-regulated platform, which had only a few weeks ago announced a $300 million funding round that valued the […]
Ark Invest Makes Biggest Crypto Stock Buy of the Week
Back to News Cathie Wood’s Ark Invest executed one of its largest crypto-equity purchases of the week, which involves the buying of shares worth millions of dollars across the leading digital asset companies. In its recent trade report, Ark revealed that it bought $10.1 million worth of Coinbase shares, thus being the highest single-day investment […]
Securitize Expands RWAs Through Plume Partnership
Back to News Securitize, the leader in tokenization, has partnered with Plume, a modular, real-world asset-focused layer-2 network, to bring institutional-grade assets to Plume’s Nest staking protocol, thereby significantly expanding its decentralized finance footprint. The collaboration will bridge the tokenized investment products of Securitize, a company backed by BlackRock and Morgan Stanley, with Plume’s ecosystem […]
Aztec Launches Ignition Chain, Starts AZTEC Token Sale
Back to News Aztec Network has officially launched its Ignition Chain, a privacy-focused Layer 2 built on Ethereum, a major step toward decentralized, privacy-preserving infrastructure. The Wednesday launch came after the start of the AZTEC token sale last week. In their words, the Ignition Chain is the “world’s first fully decentralized L2 on Ethereum”, thus […]
Bitwise Spot XRP ETF Launches Amid Altcoin ETF Boom
Back to News Bitwise Asset Management will debut its spot XRP exchange-traded fund on the New York Stock Exchange on Thursday. The product will be listed under the ticker XRP, carrying a 0.34% management fee, with the first month and the first $500 million in assets being free of the fee. The announcement comes as […]
Nvidia Earnings Boost Bitcoin Miners After Hours
Back to News Following Nvidia’s impressive third-quarter results and its better-than-expected guidance, shares of Bitcoin mining companies rose in extended trading on Wednesday. The GPU maker beat Q3 revenue expectations with a $57 billion figure and a Q4 revenue forecast of $63.7 billion to $66.3 billion, way above the analyst estimates of $61.98 billion. Nvidia […]
BlackRock Moves Toward New Staked Ethereum ETF
Back to News BlackRock has basically led the way in a major early move to a new iShares Staked Ethereum ETF, by a Delaware name registration filed on Wednesday. Daniel Schweiger, managing director at BlackRock and also the person responsible for the company’s first iShares Ethereum fund registration in late 2023, submitted. So, the name […]
Pump’s ‘Mayhem Mode’ Shows Weak Impact in First Week
Back to News Pump.fun’s newly introduced “Mayhem Mode” has failed to deliver the surge in activity or revenue the platform hoped for in its first week, according to early data. The feature, launched to speed up initial price discovery of newly created tokens, allows a self-governing AI trading agent to randomly buy and sell a […]
Ark Invest Boosts Coinbase, Circle, and Bullish Stakes
Back to News Cathie Wood’s Ark Invest was not in a hurry to sell off its crypto-related equities. On Tuesday, it added more exposure through two of its exchange-traded funds while the investor interest in digital-asset companies was at a very high level. Ark’s trade filing reveals that the ARK Innovation ETF (ARKK) and the […]
Kraken Hits $20B Valuation After Citadel Investment
Back to News Kraken’s valuation has escalated to $20 billion after the U.S.-based crypto exchange announced that it raised $800 million in two tranches in the last two months. Among the fundraising activities, there was a strategic investment by Citadel Securities, which is one of the most significant institutional endorsements for a crypto exchange going […]
Bitcoin dips below $90,000, marking ‘significant’ psychological break: analysts
Back to News On Monday, Bitcoin went under $90,000 for the first time in seven months as a 24-hour sell-off was blamed on a fragile market, institutional repositioning, and profit-taking in a report by The Block. Over the past 24 hours, bitcoin’s price dropped by 5.55%, going from $94,865 to a new low of $89,650, […]
Coinbase’s ICO Platform Shakes Up Token Sale Market
Back to News Coinbase’s acquisition of Echo and the rapid launch of a public token sales platform have signaled a decisive pivot in the exchange’s business strategy, according to industry executives and founders familiar with the shift. The company is looking to benefit from what it perceives as a more lenient regulatory environment under the […]
