Author: driver789
Prediction market platforms Kalshi and Polymarket are reportedly exploring new fundraising rounds that could value the companies at around $20 billion each, roughly double their most recent valuations.Both platforms have held preliminary discussions with potential investors about raising fresh capital at the elevated valuation, the Wall Street Journal reported on Friday, citing people familiar with the matter. The report noted that the negotiations remain at an early stage and may not result in deals or secure the targeted valuation. Kalshi currently operates in the United States and offers markets allowing users to wager on outcomes tied to sports, politics, the…
Bitcoin’s move to a one-month high of $74,000 this week triggered a wave of profit-taking from short-term traders, according to data from CryptoQuant.The largest cryptocurrency is trading around $69,000 after losing momentum from Wednesday’s break above $70,000.CryptoQuant analyst Darkfost explains that short-term holders transferred more than 27,000 BTC ($1.8 billion) to exchanges in profit over the past 24 hours — one of the largest spikes in recent months.The only short-term investors currently in profit are those who accumulated bitcoin between one week and one month ago, with a realized price of roughly $68,000, suggesting some recent buyers are choosing to…
Prediction market platforms Kalshi and Polymarket are reportedly exploring new fundraising rounds that could value the companies at around $20 billion each, roughly double their most recent valuations.Both platforms have held preliminary discussions with potential investors about raising fresh capital at the elevated valuation, the Wall Street Journal reported on Friday, citing people familiar with the matter. The report noted that the negotiations remain at an early stage and may not result in deals or secure the targeted valuation. Kalshi currently operates in the United States and offers markets allowing users to wager on outcomes tied to sports, politics, the…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…
WIF Price Prediction: Tests $0.21 Resistance as March Rally Potential Emerges – BitRss – Crypto World News Blockchain News 16 minutes ago 8 WIF ($0.18 · Live) Price Prediction Summary • Short-term target (1 week): $0.21 • Medium-term forecast (1 month): $0.17-$0.25 range • Bullish breakout level: $0.24 • Critical support: $0.16 What Crypto Anal… (Read More) BitRss shares this Content always with License. Read Entire Article Screenshot generated in real time with SneakPeek Suite Homepage Analysis WIF Price Prediction: Tests $0.21 Resistance as March Rally Potential Emerges BitRss World Crypto News | Market BitRss | Short Urls Design By…
American Bitcoin, a bitcoin mining company backed by the Trump family, has expanded its corporate treasury to more than 6,500 bitcoin, placing the firm among the largest publicly traded holders of the digital asset as it continues to scale its mining operations. The company disclosed the updated holdings this week, with co-founder and chief strategy officer Eric Trump stating that the firm accumulated over 500 BTC during the past 21 days. At current market prices, the treasury stands near $470 million. Data from Bitcoin Treasuries shows the miner now ranks about 17th among public companies that hold BTC on their…
Stablecoins have hit an all-time high in monthly transaction volume, as Circle’s USDC (USDC) flipped Tether’s USDt (USDT), new data shows.Key takeaways:Stablecoin monthly transaction volume reached a record $1.8 trillion in February.USDC comprised 70% of all stablecoin volume. Rising stablecoin supply on exchanges puts crypto markets in a good position to recover.USDC “consistently” flips USDt transfer volumeThe stablecoin transfer volume reached $1.8 trillion in February, setting a monthly record, according to data from Allium.Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to fiat currencies like the US dollar, and can be hosted on multiple blockchains. Stablecoin transaction…
Bitcoin BTC$67,990.37 is firmly in the deepest phase of the bear market and the pain may worsen, according to CK Zheng, founder of crypto investment firm ZX Squared Capital.”Bitcoin’s price is convincingly in deep bear market territory now. We expect a further 30% price drop during 2026 as the Iran war started,” Zheng told CoinDesk in an email, citing the “four-year cycle” as one of the key catalysts.The world’s largest cryptocurrency has already nearly halved since hitting a record high of over $126,000 in October last year, according to CoinDesk data. As of writing, it changed hands at around $68,000.The…
Canada has completed a pilot program testing the use of distributed ledger technology in bond markets, culminating in the issuance of the country’s first tokenized bond, according to a Friday announcement from the Bank of Canada.The experiment, known as Project Samara, involved the Bank of Canada, Export Development Canada, Royal Bank of Canada and TD Bank Group, and explored if blockchain-style infrastructure could streamline bond issuance, trading and settlement.As part of the pilot, Export Development Canada issued a $100 million Canadian dollar ($73.6 million) bond with a maturity of less than three months to a closed group of investors. The…
Bitcoin’s initial break above the 6-figure price point back in 2024, and then the eventual move to an all-time high of $126,000, has fueled the expectations of higher price points. Even now, as the price continues to trend below $100,000, it has done little to erase the bullish momentum surrounding the cryptocurrency, especially in the long term. As a result, predictions continue to come out that the Bitcoin price will eventually trade at 6-figures again, and eventually, new all-time highs. Mapping The Bitcoin Price Recovery In a post on the TradingView website, Setupsfx points out an interesting thing about the…