Kraken Parent Firm Payward Cuts 150 Jobs Ahead of Planned IPO Push
There will be 150 layoffs at Payward, the parent firm of Kraken, a cryptocurrency exchange. This is as per two sources familiar with the situation. According to one of the…
Prediction Market Platform Kalshi Secures $1B Funding at $22B Valuation
Institutional investors are increasingly using event contracts for trading and hedging, and prediction market platform Kalshi claimed it secured $1 billion in fresh capital at a valuation of $22 billion.…
Coinbase Targets Australia’s $1T SMSF Market with Crypto Retirement Offering
With the debut of specific support for self-managed super funds (SMSFs), Coinbase Australia is aiming to attract trustees in the country who are interested in diversifying their retirement investments with…
Retail Traders Power $25B Surge in Crypto Prediction Markets
Retail users are the ones driving most activity in prediction markets, which is making them one of the most active onchain apps. This is happening despite moderate participation throughout much…
NFT Prices Climb as Market Activity Narrows Behind the Scenes
Some may see the non-fungible token (NFT) market as booming if they are just focused on price rises. Overall, however, the evidence reveals a different story. In first place are…
Aave Leads $160M Rescue Effort After DeFi Exploit Shakes Market
The largest decentralized finance (DeFi) exploit of the year reportedly left Aave with a bad debt of $200 million; the platform has raised around $160 million to pay it off,…
Brazil Cracks Down on 27 Prediction Market Platforms
Kalshi and Polymarket are among 27 prediction market platforms that the Brazilian government has taken action to shut down. According to state-owned news source Agência Brasil, the decision was made…
CFTC Battles New York in Court Over Control of Prediction Markets
An already heated dispute about who has the power to regulate prediction market platforms has escalated with the Commodity Futures Trading Commission (CFTC) suing New York in an effort to…
Metaplanet Raises $50M in Zero-Interest Bonds to Expand Bitcoin Holdings
Zero-interest bonds worth 8 billion Japanese yen ($50 million) were issued by Tokyo-listed Metaplanet to EVO FUND. The money would be used to buy more Bitcoin, as stated in a…
Crypto Sentiment Index Hits 3-Month High as Bitcoin Nears $80K
After Bitcoin’s 6% surge to almost $80,000 on Wednesday, the sentiment index for the cryptocurrency market hit its highest point in more than three months. After a 14-point surge, The…