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Kalshi just closed a major funding round worth $300 million, lifting the platform’s valuation to around $5 billion. That’s a serious leap and shows that investors are betting big on where prediction markets might go next. Some heavyweight names are behind the raise, including Sequoia Capital, Andreessen Horowitz, and Coinbase Ventures. The numbers behind the platform’s growth are just as eye-catching. Weekly trading volume recently passed the $1 billion mark, which is more than triple what it was just a year ago. Kalshi has also expanded globally, now serving users in over 140 countries. Its presence in the prediction market…

Russia is moving closer to formally integrating crypto into its financial system, as officials acknowledge widespread adoption and the central bank prepares to let banks handle digital assets under tight controls.According to a report by TASS, Deputy Finance Minister Ivan Chebeskov said around 20 million Russians now use cryptocurrencies “for various purposes,” describing them as a reality the government must address rather than resist. TASS reported that Chebeskov argued the state needs to develop domestic infrastructure both to protect users and to secure “economic and technological benefits” for the country.The scale of that adoption was highlighted by new figures TASS…

Morgan Stanley, one of the world’s largest wealth managers, has reportedly informed its financial advisers that all clients will be able to invest in cryptocurrency funds starting Oct. 15, CNBC reported.Advisers will be able to offer crypto funds to clients with individual retirement accounts (IRAs) and 401(k)s, a significant shift from the previous policy that restricted access to high-net-worth investors with over $1.5 million in assets and an aggressive risk profile.The move could unlock millions of dollars currently tied up in other assets, paving the way for a portion of that capital to flow into cryptocurrencies. As of June 30,…

Securitize, the tokenization platform behind several major blockchain-based investment products, including BlackRock’s tokenized US Treasury fund, is reportedly in talks with Cantor Fitzgerald to go public via a Special Purpose Acquisition Company (SPAC).Bloomberg reported Friday, citing anonymous sources, that Securitize is in discussions to merge with Cantor Equity Partners II Inc., a blank-check firm backed by Cantor Fitzgerald. The deal could value Securitize at more than $1 billion, the report said.Securitize did not immediately respond to Cointelegraph’s request for comment.Source: BloombergA SPAC is a publicly traded shell entity that raises capital with the aim of acquiring a private company. Once…

Bitcoin slump may rebound up to 21% in 7 days if history repeats: Economist

People close to Changpeng Zhao, the former CEO of Binance better known as ‘CZ,’ say discussions are intensifying inside the Trump White House over whether to issue a presidential pardon for the embattled crypto executive, according to reporting from Charles Gasparino, a Senior Correspondent at FOX Business.  Zhao, once among the most influential figures in the digital asset world, served time following a plea deal with the U.S. Department of Justice in 2023 that included a money-laundering conviction and $4.3 billion in fines for Binance.  But according to several sources familiar with the matter, many within Trump’s inner circle now…

Bitcoin’s price may recover up to 21% over the coming seven days if October’s historical trends hold, an economist suggests.“Drops of more than 5% in October are exceedingly rare.  This has happened only 4 times in the past 10 years,” economist Timothy Peterson said in an X post on Friday.’He said those instances occurred in October 2017, 2018, 2019, and 2021. In the week following each drop, Bitcoin (BTC) rebounded by 16% in 2017, 4% in 2018, and 21% in 2019. The only exception was 2021, when the crypto asset fell a further 3%. October is often dubbed “Uptober” for…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Shiba Inu has maintained steady momentum in recent days, trading at approximately $0.00001197 after bouncing from its weekly lows near $0.00001180. Shiba Inu’s recent bounce follows a period of increased activity that saw Bitcoin reach new all-time highs this week.  Although SHIB’s price action is relatively quiet compared to other cryptocurrencies, it is forming a structure on the daily candlestick timeframe chart that could soon lead to an explosive rally. Technical analysis of Shiba Inu on the TradingView platform shows that the meme coin is about to…

Algorand Foundation, the non-profit organization that’s looking after the development of Algorand’s (ALGO) blockchain, just unveiled a crucial expansion move. In collaboration with Pera Card, a MasterCard-like debit card payment solution, this will reduce the need to convert crypto to fiat currencies in order to spend it in-shop.Algorand Card Adds Three EU Countries, USA Next Up?Instead, Algorand’s debit card uses the Circle USD (USDC) stablecoin, which is regulated both in the United States (USA) and the European Union (EU). Already available in the United Kingdom (UK), Italy, Germany, Spain, New Zealand, now this USDC-powered debit card is adding Poland, Portugal…

Cosmo Jiang has overseen more than 20 deals for Pantera Capital.Running a successful crypto treasury firm typically boils down to one thing, he told DL News.The digital asset treasury trend peaked this summer.Cosmo Jiang knows a thing or two about public companies pivoting to crypto.After more than 20 deals and over $500 million deployed, Pantera Capital’s general partner identified what separates the successes from the pack.And it revolves primarily around knowing your audience.“A lot of people in crypto don’t realise that the whole name of the ball game in equities is you have to appeal to equity investors,” Jiang told…