Sources: Kalshi plans to offer crypto trading in the US, offering perpetual futures, putting it in competition with exchanges like Coinbase
Yueqi Yang /The Information:
Rain, a stablecoin-backed Visa card issuer, raised a $58M Series B led by Sapphire Ventures, after raising a $24.5M Series A led by Norwest in March
Yueqi Yang / The Information :
Kalshi raised $185M led by Paradigm at a $2B valuation; sources: Polymarket is completing a $200M+ investment led by Founders Fund at a ~$1B pre-money valuation
Prediction-Market Unicorn Hits $2 Billion Valuation Bogdan Patru / Bitcoin Insider : Prediction Market Kalshi Achieves Unicorn Status with $185 Raised at its $2B Evaluation, as BTC Bull Token Predicts...
Bitcoin passed $89K for the first time, Tesla closed up 8.96%, Coinbase closed up 19.76%, and Robinhood closed up 7.4%, as investors pile into “Trump trades”
It Just Had Its Best One Ever Steven Walgenbach / Inside Bitcoins : BlackRock Bitcoin ETF Hits New Record As Polymarket Odds Of Bitcoin Hitting $100K This Year Soar Vladimir Popescu / Watcher Guru : T...
Sources: Robinhood and Revolut are exploring offering their own stablecoins; Tether's USDT has grown to $120B, accounting for over two-thirds of market value
Report Yueqi Yang / The Information : Robinhood, Revolut Reportedly Explore Launching Stablecoins Joshua Ramos / Watcher Guru : Robinhood and Revolut Consider Launching Their Own Stablecoins Estefano ...
Coinbase reports Q2 revenue up 105% YoY to $1.45B, vs. $1.39B est., a $36.2M net income, and forecasts subscription and services Q3 revenue below expectations
Q2 was a quarter of strong progress for Coinbase and the crypto industry. PYMNTS.com : Corporate America Moving On-Chain and Regulatory Clarity Propel Coinbase Earnings Mat Di Salvo / Decrypt : Coinba...
Coinbase reports Q1 net revenue up 116% YoY to $1.59B, vs. $1.32B est., net income of $1.18B, consumer transaction revenue of $935M, up 99% QoQ
Our financial performance in Q1 reflects our focused execution … Shraddha Sharma / CCN.com : Coinbase Revenue Surges to $1.64 Billion - But Retail Volume Just 50% of 2021 Levels William Farrington / P...
Circle has $1B+ in cash and had $779M in revenue in H1 2023, compared to $772M for all of 2022; USDC in circulation has fallen to ~$26B from ~$45B in January
Yueqi Yang / Bloomberg :
Filings: FTX lawyers are exploring tax issues around rebooting FTX, billing $13.5M in February for recovering assets, exploring “long-term options”, and more
Yueqi Yang / Bloomberg :
Filing: Celsius has a $1.19B deficit on its balance sheet, ~$4.3B in assets against $5.5B in liabilities, and lost 35K ether due to StakeHound misplacing keys
Yueqi Yang / Bloomberg :