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Kalshi raises a $300 million Series D round.It comes as competition is heating up.Kalshi just raised a $300 million Series D round at a $5 billion valuation. Sequoia and Andreessen Horowitz led the prediction market’s raise, with participation from other investors, including CapitalG, Coinbase Ventures, General Catalyst, and Spark Capital.In a statement shared with DL News, Alex Immerman, partner on a16z’s Growth Fund, applauded the founders for taking “the difficult but more responsible route” of becoming regulated by the Commodity Futures Trading Commission. The cash injection comes as prediction markets are increasingly becoming a key feature of the crypto industry.It…

Crypto.com CEO Kris Marszalek has called for a regulatory investigation into exchanges that suffered the largest losses following a record $20 billion in crypto liquidations over the past 24 hours.In a Saturday post on X, Marszalek urged regulators to “conduct a thorough review of fairness of practices,” asking whether trading platforms had slowed down, mispriced assets, or failed to maintain proper anti-manipulation and compliance controls during the crash.“Regulators should look into the exchanges that had most liquidations in the last 24 hours,” he wrote. “Any of them slowing down to a halt, effectively not allowing people to trade? Were all…

The metric fell to $3.3 trillion on TradingView. Bitcoin’s price went through a sudden and painful crash on Friday evening and Saturday morning, dropping to its lowest position since early July. As this became the single-largest daily liquidation event with more than $19 billion wrecked, the total market cap plunged by $900 billion at one point. BTC’s Crash What a week it has been for the primary cryptocurrency. It all started on the right foot, with a surge past $124,000 last Sunday and up to $126,000 on Monday, which became a new all-time high. The asset lost some traction…

While bitcoin BTC$112,417.42, ether ETH$3,816.53 and other major cryptocurrencies tumbled in a $19 billion liquidation event on Friday, major gold-backed digital assets bucked the trend amid the precious metal’s rally.Tokens tied to physical gold, including Paxos’ PAXG and Tether’s XAUT, were among the few to hold their ground, and even edge higher, as broader markets sank.Bitcoin lost 8.5% of its value in the last 24-hour period, while the broader crypto market plunged 12.75% as measured by the CoinDesk 20 (CD20 ) index. PAXG has meanwhile dropped just 0.23% to $3,998, while XAUt is up 0.2% to $4,010. A troy ounce…

Bitcoin took a sharp plunge on Friday, falling more than 12% after President Trump announced a 100% tariff on Chinese imports, sparking fears of a new trade war. The news sent shockwaves through the crypto market, wiping out over $19 billion in liquidations and causing panic selling among millions of traders. Bitcoin briefly dropped below $105,000 before bouncing back slightly. This plunge mirrored broader market fears as investors rushed to safer assets, amidst uncertainty over escalating US-China tensions and economic stability. But, in the face of deep uncertainty, some experts are keeping calm and asked investors to show some faith…

The spot Bitcoin ETFs (exchange-traded funds) have been in solid form over the past two weeks, laying a foundation for the strong price action experienced by the premier cryptocurrency recently. According to market data, the crypto-linked investment products opened the week with a daily inflow record of over $1.21 billion. As of this writing, with data from Friday’s trading session yet to be included, the US-based Bitcoin ETFs are currently on a nine-day streak of positive inflows. However, a focused look into the inflows trend shows that this data point doesn’t fully tell the story. Do Bitcoin ETFs’ Performance Depend…

Ethereum’s new privacy initiative boosted Railgun’s RAIL token to an all-time high, following comments from Vitalik Buterin emphasizing privacy as a core focus.Privacy is back in focus for the Ethereum ecosystem, with the Ethereum Foundation introducing a new toolkit designed to give wallets stronger protection and more autonomy.In a Thursday post on X, the foundation wrote that the ‘Kohaku’ toolkit is a set of primitives that enables wallets to be “secure and to process private transactions while minimizing dependencies on trusted third parties.”In a separate X post, Ethereum co-founder Vitalik Buterin also mentioned Kohaku, adding that full-stack privacy and security…

Join Our Telegram channel to stay up to date on breaking news coverage US crypto exchange Coinbase leads a $2.5 billion race with Mastercard to acquire the stablecoin startup BVNK. That’s according to a report by Fortune, which cited sources familiar with the matter as saying the two companies have held advanced talks with BVNK on the acquisition. The terms and winning bidder have not been finalized yet with the sale price expected to be between $1.5 and $2.5 billion. Three of the sources said Coinbase appears to have an edge over Mastercard. If a deal is reached, it could…

According to economist Timothy Peterson, Bitcoin’s recent slide could be a short-lived wobble if October’s history repeats itself. He pointed out that drops larger than 5% in October are rare — they have occurred just four times in the past 10 years — and when they happened, Bitcoin often bounced back quickly. Related Reading Historical October Bounces Reports show the four October setbacks came in 2017, 2018, 2019, and 2021. In the week after each fall, recoveries ranged from modest to sharp: gains of 16% in 2017, 4% in 2018, and a big 21% in 2019, while 2021 was the…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In recent weeks, market watchers have started asking whether the sky-high premiums on some crypto treasury companies are sustainable. Several stocks in the category trade at two to seven times their modified net asset value (mNAV) — a multiple that would be difficult to justify if these firms were simply vaults for Bitcoin (BTC) or Ethereum (ETH). If those premiums unwind, billions in market cap could vanish. Summary Top crypto treasury firms like Strategy, Metaplanet, and DeFi…