Author: John Smith

Kalshi prediction market platform is drawing fresh investor interest at valuations of $10 billion to $12 billion, weeks after its $300 million funding round at a $5 billion valuation. Summary Venture capitalists are discussing investments that could more than double Kalshi’s valuation. Recent interest follows rapid growth after Kalshi’s 2024 court victory enabling presidential election contracts. Kalshi prediction market operator is attracting fresh investor interest at valuations exceeding $10 billion, people familiar with the discussions told Bloomberg. The offers come just weeks after the New York–based company closed a $300 million round at a $5 billion valuation, led by Andreessen…

Hyperliquid Strategies Inc. has filed for a $1 billion U.S. IPO to acquire and stake more HYPE tokens. Summary The firm plans to issue up to 160 million shares, with Chardan Capital Markets advising the offering. Proceeds will fund additional HYPE token accumulation and staking for long-term rewards. HYPE price jumped 10% to $38 amid optimism over institutional backing and ecosystem growth. Hyperliquid Strategies Inc. has filed an S-1 registration statement with the U.S. Securities and Exchange Commission to raise up to $1 billion. The company plans to issue up to 160 million shares of common stock, with Chardan Capital…

In a new blow for the decentralized finance industry, Bunni has announced its closure following a severe exploit that halted its operations. Summary Bunni DEX has shut down after losing $8.4M in a September exploit. Users can still withdraw assets, with a treasury distribution planned. Its smart contracts were open-sourced under the MIT license. Bunni, the decentralized exchange known for its liquidity innovations, has officially shut down following a major exploit that drained over $8.4 million in user funds. The decision was announced on Oct. 23 via the project’s official X account, where the team said the hack had halted growth and…

Midnight airdrop enters its next stage after the project mints all 24 billion NIGHT tokens on Cardano. Summary Cardano price fell 6.5% despite the excitement around the Midnight mint Midnight minted 24 billion NIGHT tokens on the Cardano Network The project has entered the Scavenger Mine phase, ahead of the Redemption phase One of Cardano’s most anticipated projects, the privacy-focused sidechain Midnight, hit a major milestone. However, despite this, Cardano saw increased volatility due to broader bearish market conditions. On Wednesday, October 22, the price of Cardano (ADA) fell 6.5%, from levels near weekly highs at $0.6718 to $0.6304. This…

Alexis Sirkia, Captain of Yellow Network, explains how P2P transactions can fix the scalability problem that continues to plague blockchains. Summary Web3 apps need fast and secure P2P transactions, says Yellow Network Captain Blockchains don’t have the computing power needed to handle the world’s information Solana has less capacity than a 1984 Intel processor Currently, over 70 apps are on the testnet using the Yellow SDK Blockchain adoption has come a long way, with both governments and institutions recognizing the technology’s potential. However, core issues, including speed, scalability, and decentralization, persist. Network scalability can scarcely keep up with the demands…

Stablecoins have become the engine of on-chain finance. a16z’s 2025 report shows $46 trillion in annual transfers, nearly triple Visa’s. What began as a trading tool now underpins a global settlement network. Summary Stablecoins processed $46 trillion in onchain transactions in 2025, nearly triple Visa’s annual volume, per a16z’s State of Crypto report. Monthly adjusted volume hit $1.25 trillion in September, while total stablecoin supply surpassed $300 billion, led by USDT and USDC. Ethereum and Tron dominate settlement activity, handling 64% of stablecoin volume. In its State of Crypto 2025 report, American venture capital firm Andreessen Horowitz (a16z) said that…

Solana price continues to struggle below the 200 Exponential Moving Average (EMA), with repeated rejections signaling building downside pressure and a potential move toward $145 support. Summary Solana faces repeated rejections at the 200 EMA resistance zone. Weak volume and momentum confirm ongoing bearish pressure. Downside target remains $145 unless the 200 EMA is reclaimed. Solana’s (SOL) price action remains weak as the asset continues to trade below the 200 Exponential Moving Average (EMA), a key dynamic level watched by both traders and investors. Multiple failed attempts to reclaim this level have confirmed it as a strong zone of resistance. The…

The crypto market crash resumed today, Oct. 22, as the Fear and Greed Index slipped to the fear zone.   Summary The crypto market crash resumed ahead of the US inflation data. Bitcoin price moved to $106,825, down from this week’s high of $112,965. The Crypto Fear and Greed Index has moved to the fear zone.  Bitcoin (BTC) and most altcoins were in the red. BTC dropped to $106,825, down from this week’s high of $113,965. It has dropped by 14.6% from its highest point this year.  Most altcoins were in the red, with the top laggards being Aster (ASTER), MYX…

Canada’s financial watchdog has levied its largest-ever penalty against a crypto firm. Vancouver’s Cryptomus faces a $126 million fine for failing to report more than 1,000 suspicious transactions linked to darknet markets and terrorist financing in a single month. Summary FINTRAC fined Vancouver-based Cryptomus $126 million, Canada’s largest crypto penalty to date. Regulators cited over 1,000 unreported suspicious transactions and more than 7,500 transfers linked to Iran. In a statement the Financial Transactions and Reports Analysis Centre of Canada announced it had levied an administrative monetary penalty of C$176.96 million (about $126 million) against Xeltox Enterprises Ltd., the Vancouver-based entity…

BTC price continues to consolidate within a defined trading range between $98K and $127K, with the price action testing key support as the market seeks equilibrium. Summary Bitcoin trades within a range between $98K support and $127K resistance. Rejection from range high confirms extended consolidation. Market aligns with Novogratz’s projection of BTC staying range-bound into year-end. Bitcoin’s (BTC) price action remains firmly range-bound as the asset trades around the $98,000 support level, marking a continuation of its consolidation phase. Recent rejections at the upper boundary of the range have confirmed that the market is yet to find directional momentum. The…