A Prediction Market Just Doubled Its Valuation to $22B. It Took Five Months.
Three funding rounds in seven months. Annualized volume tripled to $178 billion. Five states are suing it. Coatue, Sequoia, and Morgan Stanley all wrote checks anyway.
Three funding rounds in seven months. Annualized volume tripled to $178 billion. Five states are suing it. Coatue, Sequoia, and Morgan Stanley all wrote checks anyway.
Payward just paid $600 million for a Hong Kong payments company that makes money moving stablecoins across borders. The firm was already profitable on $60 million in total funding.
Push notifications said BTC hit a 52-week low. Charts showed candles at two cents. XRP and Solana displayed the same crash. No major exchange recorded a single matching trade.
Revenue down 31%. Stock down 5%. 700 employees gone. And the company added Bitcoin to its treasury the same quarter it posted a $482 million unrealized crypto loss.
88 trades over nine months. Average price: $350. The stock is at $170 now. The sales stopped in January. The losses started in Q1.
South Korea now requires homebuyers to disclose crypto sales in their financing plans. The first batch of data is in, and it tells a generational story.
The rejection puts GameStop's 4,709 BTC position back in play. Ryan Cohen called the deal more compelling than bitcoin. The market is not so sure.
Two of crypto's biggest private companies pulled their IPO plans within months of each other. The only firm that went through with it is now trading 36% below its listing price.
Japan's second-largest telecom bought 14.9% of Coincheck, the exchange that lost $530 million in 2018 and rebuilt from scratch. The deal closes in June.
The decentralized AI compute protocol raised $78 million from a16z, Galaxy, and CoinFund. Only 13% of tokens are circulating. Binance gave it a Seed Tag.
Hana Bank acquired 6.55% of Dunamu from Kakao for 1 trillion won. The deal includes a won-stablecoin partnership and closes three weeks before Dunamu's merger vote with Naver.
The attacker funded the node through Monero and Hyperliquid weeks before the theft. Chainalysis mapped the entire trail. THORChain paused all trading.
Hormuz Safe settles maritime cargo insurance in Bitcoin, bypassing SWIFT entirely. Iran's Ministry of Economic Affairs says the platform could generate $10 billion. The website is already up. Whether anyone outside Iran will use it is another question.
SoftBank contributed roughly 10,500 BTC when Twenty One Capital launched. Six months later, Tether bought the entire position, removed SoftBank's board seats, and took uncontested control of a company sitting on 43,514 BTC worth $3.4 billion.
A compromised private key let an attacker automate withdrawals from Polymarket's UMA CTF Adapter on Polygon. ZachXBT flagged it first. Losses passed $700,000 before the team responded. Polymarket says user funds are safe. The attacker has already split the proceeds across 15 wallets.
The New York Times published an investigation on Sunday that lands like a grenade in the middle of the prediction market debate. The core finding: career…