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…
South Korea is preparing to open the crypto market to corporate investors, but stablecoins like USDT and USDC may be left out of the rulebook, according to a new report from Herald Economy. The country’s financial watchdog says including stablecoins would conflict with existing foreign exchange laws that do not recognize them as official payment…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Extreme weather events have become routine with climate change globally. In 2024, U.S. farmers lost over $20 billion to wildfires, floods, hurricanes, hail, frost, and tornadoes. Canadian producers face similar difficulties: 51%…
Iran also rejected Trump’s demand for unconditional surrender but apologized to its neighbors. The war that started last Saturday between Iran on one side and the US and Israel on the other doesn’t seem to be stopping anytime soon, despite Trump’s demands for unconditional surrender. The POTUS has made a new set of threats…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Seychelles-based cryptocurrency exchange KuCoin has been ordered to halt its operations in Dubai after regulators determined the platform was operating without the required authorization. The action was announced Thursday by Dubai’s Virtual Assets Regulatory Authority (VARA), which stated that KuCoin does not…
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….
Google said it will continue offering artificial intelligence models from Anthropic to customers through its cloud platform, excluding defense-related work, a day after Microsoft issued a similar statement. The announcements from two of the world’s largest cloud infrastructure providers follow the US Defense Department’s designation of Anthropic as a supply chain risk. A Google spokesperson…
Astana’s $350M pivot from gold and FX to digital assets lands just as Bitcoin grinds against the $70K ceiling, adding fresh “real money” bid to an already tight market. Summary Kazakhstan will reallocate up to $350M from its gold and FX reserves into crypto-linked assets starting April–May. The move trims exposure to sanction‑prone reserve assets…
The local regulator said the two exchanges have been offering trading services without the necessary approval. The Virtual Asset Regulatory Authority (VARA), which is the main watchdog for cryptocurrency-related businesses in Dubai, has issued a formal cease and desist order to KuCoin and MEXC. The regulator argued that it had come to its attention…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cryptocurrency exchanges are increasingly evolving beyond digital asset trading platforms, gradually becoming global venues for traditional financial derivatives. A recent CryptoQuant report highlights how this shift is accelerating as market participants from traditional finance begin to utilize crypto-native infrastructure to trade assets…
