AI-powered summaries of the day's top crypto events
Kalshi, a prediction market platform, has successfully raised $1 billion in a funding round led by Coatue, doubling its valuation to $22 billion. This significant investment underscores continued investor interest in prediction markets despite increasing regulatory scrutiny.
U.S. lawmakers have reached an 'agreement in principle' regarding the treatment of stablecoin yields, a key component of a comprehensive crypto legislation. This development marks a significant step towards establishing a regulatory framework for stablecoins, addressing a major concern for the banking industry.
Google has identified a malware exploit chain named 'DarkSword' that targets older versions of iOS 18, specifically attacking crypto exchange and wallet apps. This security threat highlights the importance of keeping devices updated to protect sensitive crypto assets.
A Bitcoin address, inactive since 2012, has moved 2,100 BTC, now valued at approximately $148 million. This movement of a large amount of Bitcoin from a long-dormant wallet has sparked interest and speculation within the crypto community.
Crypto exchange Gemini is being sued by investors in a class-action lawsuit alleging misleading strategy changes following its 2025 IPO. The lawsuit claims Gemini's pivot to a prediction-market-centric business model led to a decline in stock value and increased investor losses.