2025-06-26
I like this take on prediction markets. Polymarket and Kalshi have been saying prediction markets = news, which I don't think is totally true. They are a tool that journalists and curators will leverage to surface news. But make no mistake, they're powerful and here to stay.
Bloomberg
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...
2025-06-04
Whoever has his ear should tell him it's doing more harm than good now
Citation Needed
NFT marketplace Magic Eden and the TRUMP memecoin team announce the “Official $TRUMP Wallet” and open a waitlist; Trump's sons deny any involvement or knowledge
UPDATE, June 3 at 3:00pm: Following publication of this story, Magic Eden pushed out its announcement for the Trump Wallet at 1:35pm.
2023-03-10
So Silvergate, SVB, and Credit Suisse are all getting ready to meet their maker. Almost like it isn't a crypto specific problem. Almost like, 0% interest rates force banks to make bad decisions 🤔
Financial Times
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities
Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities — Silicon Valley Bank has launched a $2.25bn share sale …
2023-03-03
The Silvergate news is troubling. One by one, the noose is tightening around US crypto on-ramps. It's a shame. I would love to see the US lead in crypto, but it's looking less likely by the day.
CoinDesk
Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe, and Gemini suspend business operations with Silvergate, which reported being “less than well-capitalized”
Silvergate's clients Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets and Gemini said they will suspend business with the bank.