Kalshi Raises $185M as Rival Polymarket Eyes $200M in Prediction Market Boom
Kalshi, a leading platform for event-based trading, has secured $185 million in Series C funding, valuing the company at $2 billion. The round was led by crypto-focused venture capital firm Paradigm, with participation from Sequoia Capital, Multicoin, Bond Capital, Neo, and Peng Zhao, CEO of Citadel Securities. The raise positions
Bitcoin Poised for $111K Liquidity Grab as Market Eyes Monthly Close
Bitcoin (BTC) is once again the centre of attention in the crypto market as traders brace for a potential liquidity grab that could propel its price to $111,000. With the flagship cryptocurrency consolidating near the $107,000 mark after a recent rebound, analysts are closely watching exchange order books and liquidity
South Korean Banks Plan Won-Pegged Stablecoin Launch by 2026
Eight leading banks in South Korea are collaborating to launch a stablecoin pegged to the Korean won, a move aimed at curbing the dominance of US dollar-backed digital assets and positioning the country at the forefront of global digital finance. The project, supported by both the private sector and regulatory
Turkey to Tighten Crypto Rules with New Transfer Restrictions and Oversight Measures
Ankara Proposes Tougher Crypto Regulations to Combat Illicit Finance Turkey’s Ministry of Treasury and Finance is set to implement a series of stringent new rules for the cryptocurrency sector, aimed at curbing money laundering and financial crime. The proposals, disclosed by state-run Anadolu Agency (AA), include mandatory source and purpose
Bitcoin Holds Firm Above $105K as Fed Rate Cut Hopes and Ceasefire Fuel Bullish Sentiment
Bitcoin Gains Momentum Amid Ceasefire and Fed Comments Bitcoin surged to hold above the $105,000 mark on Monday, June 24, as a confluence of bullish signals ignited renewed optimism in the cryptocurrency market. The leading digital asset rose sharply, preserving most of its 4.4% gains from the previous day, driven
XRP Price Faces Bearish Pressure: Analysts Warn of 41% Plunge Toward $1.18
XRP, the native token of Ripple, is showing signs of potential downside movement as key technical indicators and derivatives data paint a bearish picture. After dropping by 12.6% in just five days, XRP was trading around $1.91 on June 22, down from its recent peak of $2.26. With a descending
Former SpaceX Manager Raises $4.2M for Crypto Platform Stackup to Boost On-Chain Safety
Stackup aims to simplify crypto operations for businesses with account abstraction and banking integration Crypto infrastructure startup Stackup, co-founded by a former SpaceX senior mission manager, has raised $4.2 million in seed funding to enhance its platform that streamlines crypto and fiat operations for businesses. The funding round was led
ZachXBT Accuses Bitcoin Bridge Garden Finance of Laundering Stolen Crypto Funds
Blockchain Investigator Highlights Links to Lazarus Group and Bybit Hack Blockchain investigator ZachXBT has levelled serious accusations against Garden Finance, a self-proclaimed “fastest Bitcoin bridge,” alleging it played a central role in laundering stolen crypto funds. In a post on social media platform X dated June 21, ZachXBT claimed that
XRP Struggles to Breach $3 as Onchain Data Signals Bearish Outlook
XRP’s ongoing battle to break past the $3.00 mark continues to face headwinds, with onchain metrics and market data pointing toward weakening momentum. Despite trading in a tight range for the past month, declining network activity, falling open interest, and persistent resistance at key technical levels suggest further downside for
BlackRock ETF Nears $70 Billion, Grabs 3.25% of Bitcoin Supply as Retail Demand Slows
BlackRock’s spot Bitcoin exchange-traded fund (ETF) is rapidly approaching $70 billion in assets under management (AUM), solidifying its role as a key institutional player in the crypto market. While retail investor interest appears to be waning, the asset management giant is scooping up a growing share of Bitcoin, with its
