๐ฎ According to Bloomberg, Kalshi has raised over $1 billion in a new funding round at a $22 billion valuation, doubling from about $11 billion in December 2025. The round was led by Coatue Management, and the companyโs annualized revenue is approximately $1.5 billion. Despite regulatory pressure, including accusations from the Arizona attorney general of operating an โillegal gamblingโ business, investor demand for exposure to the prediction market sector remains strong. #regulation
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๐บ๐ธ๐ The US war with Iran has now cost an estimated $25 billion since strikes began.
๐บ๐ธ๐ฎ Polymarket traders now price a 33% chance of a U.S. recession by the end of 2026, down 11% from recent highs. #macro
๐บ๐ธโ๏ธ MLB has named Polymarket its official prediction market exchange and signed an MOU with the CFTC to establish an information-sharing and integrity framework. Regulatory uncertainty remains, as the American Gaming Association argues that such markets fall under state-level sports betting rules. The agreement includes a termination clause if courts rule that prediction markets violate state laws. #regulation
๐ธ According to Bloomberg, crypto exchange Gemini has cut about 30% of its workforce since the start of the year, reducing headcount to around 445. The company reported a 2025 net loss of about $585 million, with Q4 revenue of roughly $60 million but widening losses. Previously, it had announced ~25% layoffs, exited the UK, EU, and Australia, and replaced several senior executives.
๐ต๏ธ UXLINK Exploiter has sold 5,496 $ETH for $11.82M $DAI in the past 1 hour.
#UXLINK got hit on September 22, 2025 when attackers took over its multisig wallet, draining more than $44M in the process.
#UXLINK got hit on September 22, 2025 when attackers took over its multisig wallet, draining more than $44M in the process.
๐บ๐ธ๐ค Morgan Stanley has filed a second amended S-1 for its spot bitcoin ETF with the SEC, confirming the Morgan Stanley Bitcoin Trust will list on NYSE Arca under the ticker MSBT.
The filing discloses a basket size of 10,000 shares and an initial seed of 50,000 shares, expected to raise about $1 million. The amendment signals progress but does not guarantee approval; if approved, Morgan Stanley could become the first major U.S. bank to directly issue a spot bitcoin ETF. #regulation
The filing discloses a basket size of 10,000 shares and an initial seed of 50,000 shares, expected to raise about $1 million. The amendment signals progress but does not guarantee approval; if approved, Morgan Stanley could become the first major U.S. bank to directly issue a spot bitcoin ETF. #regulation
๐ต๏ธ #RWA Coinbase has moved its Bitcoin Yield Fund to the Base blockchain.
It has launched a tokenized class of shares for this fund in partnership with the financial company Apex Group.
cointelegraph
It has launched a tokenized class of shares for this fund in partnership with the financial company Apex Group.
cointelegraph
๐ผ Anchorage Digital launches collateral management services on the Atlas platform for institutional investors.