Report: Prediction Markets Polymarket and Kalshi Eye $20B Valuations as Investor Interest Builds
According to a recent report, the two heavyweight prediction markets, Polymarket and Kalshi, are said to be chatting with prospective backers about fresh fundraising rounds. Current figures place Kalshi’s valuation near $11 billion and Polymarket’s around $9 billion, and if capital does come calling, each company is eyeing a lofty $20 billion post-money valuation. Polymarket … Read more
Orbital data center company to start mining Bitcoin in space
Starcloud CEO Philip Johnston noted that it is 30 times cheaper to mine Bitcoin on ASICs than on GPUs in space on a kilowatt-hour basis. Go to Source
Flow Foundation files court motion to block Korean exchange delistings
Every major global exchange has restored full FLOW services, said the Foundation on Monday. Go to Source
Trump Says Oil Prices Will Drop Rapidly After Iran Nuclear Threat Destroyed
Oil markets spiked past $100 as Operation Epic Fury rattled global energy flows, with Donald J. Trump arguing the surge is a temporary price tied to eliminating Iran’s nuclear threat and restoring long-term stability. Oil Prices Spike as Trump Defends Cost of Operation Epic Fury Energy markets jolted higher as geopolitical tensions tied to “Operation … Read more
Bitcoin correlation with tech stocks overblown: NYDIG
NYDIG’s Greg Cipolaro says that Bitcoin and tech stocks aren’t converging and are likely just reacting to macroeconomic conditions rather than trading in tandem. Go to Source
What Happened to Tesla’s 43,770 BTC? On-Chain Data Reveals Full Story Behind Its Crypto Moves
Tesla’s $1.5 billion bitcoin bet produced early profits, huge sales during the 2022 crypto crash, and a lasting corporate crypto footprint, as blockchain analysis shows Elon Musk’s company still holds a significant stash. Arkham Traces Tesla’s $1.5B Bitcoin Bet: Early Profits, Massive 2022 Sales, and What Happened Next Tesla and its CEO Elon Musk played … Read more
Crypto regulatory clarity matters more for banks, ex-CFTC chief says
If the CLARITY Act fails to pass, Giancarlo said he expects Paul Atkins at the SEC and Mike Selig at the CFTC will likely write rules to create clarity for the industry. Go to Source
Ripple’s Coinbase Futures Access Move Signals Growing Institutional Momentum
Ripple expands institutional crypto futures access by integrating Coinbase Derivatives contracts into its prime brokerage platform, opening regulated trading opportunities for global clients and linking deeper liquidity with a rapidly growing institutional derivatives market. Regulated Crypto Futures Access Widens as Ripple Prime Links to Coinbase Access to Coinbase Derivatives futures markets widened as Ripple Prime … Read more
US Dollar Climbs to Multi-Month Highs as Iran Conflict and Oil Spike Rattle Markets
The U.S. dollar is flexing its muscles in early March as geopolitical tensions and rising energy prices have been sending investors scrambling for what some believe is the world’s most liquid safe haven. Dollar Index Nears 100 as War Risk, Oil Prices, and Fed Policy Collide The U.S. Dollar Index (DXY), which measures the greenback … Read more