Polymarket Receives $10B Valuation Offers; Kalshi Nears $5B Fundraise
As discussed last week, prediction markets are hot right now. So hot, that the two main company’s are in talks to raise fresh rounds of fundraising at huge valuations. According to The Information:
Polymarket has reportedly received offers at valuations of $9-$10 billion, a massive jump from its $1 billion round earlier this year.
Kalshi "is close to raising money at a $5 billion valuation." That’s more than double the $2 billion valuation the company received only months ago.
Huge Solana Moves This Morning
As we covered on Friday, it is Solana season. This morning, Forward Industries (FORD) officially kicked off it’s SOL treasury, purchasing 6.82 million SOL at an average price of $232, spending about $1.58 billion. We also learned this morning that Dan Morehead’s Pantera Capital, along with Summer Capital, will launch a $500 million SOL-focused treasury company through Helius Medical Technologies (HSDT). Read more →
Wall Street’s Race for Stablecoin Talent Sends Pay Soaring
In less than two years, stablecoin jobs have expanded beyond crypto to become established jobs in traditional finance. According to Bloomberg, there’s now a massive gold rush for talent in this space, with stablecoin strategy job base salaries ranging anywhere between $250,000 to $400,000. For those with the right CV, that means multiple job offers and better paydays. For employers, it’s an expensive bottleneck. Read more →
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Weighing Figure’s (FIGR) growth potential after Nasdaq debut Link»
BitMine tops $10B in holdings as ETH treasury grows to 2.15M Link»
Hyperscale Data stock soars on $100 million treasury announcement Link»
MoonPay acquires Meso to expand global payments push Link»
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