Author: admin

Online prediction market Kalshi has raised more than $300 million at a $5 billion valuation as prediction markets move into the financial mainstream, according to a report by the New York Times on Friday.The company will now allow users in over 140 countries to place bets, marking its first major international expansion, the article said.Kalshi projects $50 billion in annualized trading volume this year, up from $300 million last year, and now holds more than 60% of global market share, surpassing rival Polymarket.The funding round was led by major investors including Sequoia Capital, Andreessen Horowitz, Paradigm, CapitalG, and Coinbase Ventures,…

The Bitcoin, Ethereum, and Dogecoin prices are crashing today, sparking bearish sentiment in the crypto market. This followed the U.S. President Donald Trump’s move, which has ignited fears of a full-blown trade war with China.  Why The Bitcoin, Ethereum, and Dogecoin Prices Are Crashing The Bitcoin, Ethereum, and Dogecoin prices are down today, according to CoinMarketCap data. The flagship crypto has dropped to as low as $104,000 over the last 24 hours, wiping out its early October gains that led to a new all-time high (ATH) above $126,000. Ethereum dropped to as low as $3,400, while Dogecoin broke below the…

Network Switches Market USA, New Jersey: Verified Market Research reports that the Network Switches Market size was valued at USD 30.31 Billion in 2022 and is projected to reach USD 47.38 Billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030. This steady growth is driven by increasing environmental regulations, rising awareness of pollution control, and expanding applications in industries such as manufacturing, energy, and healthcare.Market Opportunities, Trends, and Pricing Analysis: Network Switches (2025-2033)Opportunities & Market SizingThe network switches sector is positioned for substantial volume and value expansion through 2033, driven by surging data center capacity, edge…

Morgan Stanley, one of the world’s largest wealth managers, has reportedly informed its financial advisers that all clients will be able to invest in cryptocurrency funds starting Oct. 15, CNBC reported.Advisers will be able to offer crypto funds to clients with individual retirement accounts (IRAs) and 401(k)s, a significant shift from the previous policy that restricted access to high-net-worth investors with over $1.5 million in assets and an aggressive risk profile.The move could unlock millions of dollars currently tied up in other assets, paving the way for a portion of that capital to flow into cryptocurrencies. As of June 30,…

Securitize, the tokenization platform behind several major blockchain-based investment products, including BlackRock’s tokenized US Treasury fund, is reportedly in talks with Cantor Fitzgerald to go public via a Special Purpose Acquisition Company (SPAC).Bloomberg reported Friday, citing anonymous sources, that Securitize is in discussions to merge with Cantor Equity Partners II Inc., a blank-check firm backed by Cantor Fitzgerald. The deal could value Securitize at more than $1 billion, the report said.Securitize did not immediately respond to Cointelegraph’s request for comment.Source: BloombergA SPAC is a publicly traded shell entity that raises capital with the aim of acquiring a private company. Once…

Key points:Bitcoin and altcoins reel from the biggest liquidation event in crypto history.BTC price action fails to stage a rebound from multi-week lows, with $100,000 getting closer.Crypto is beginning a “cleanse” of bull-market euphoria, a trader says.Bitcoin (BTC) pressured $110,000 support on Saturday as the dust settled on a record $20 billion liquidation event.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewTrader sees start of “crypto cleanse”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to rebound after falling to three-week lows on Bitstamp.Fresh market nerves over the US-China trade war punished risk assets across the board. The S&P 500 closed down 2.7%…

More than 1.6 million traders have been wrecked daily. There’s no way to sugarcoat what happened in the cryptocurrency markets since Friday evening. Bitcoin’s price, for example, took one of its most painful nosedives in recent history, dumping from over $122,000 to $105,000 on some exchanges and even to as low as $101,000 on others. The altcoins were obliterated as well, with massive double-digit price drops from the majority of them. Here’s what we know so far. Valuermarket’s report classified the event as the “largest single-day liquidation in the history of digital assets.” The initial numbers of $250 million…

In brief Major banks including Banco Santander, Citi, Bank of America, and Deutsche Bank are exploring a “1:1 reserve-backed form of digital money.” The banks said in a statement that the potential product would be pegged to G7 currencies. A number of companies and banks worldwide are interested in issuing stablecoins. A group of international banks have said they are working together to explore issuing a stablecoin product. The banks—Banco Santander, Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, MUFG Bank Ltd, TD Bank Group, and UBS—said Friday that the digital token would be pegged to G7 currencies,…

Luisa Crawford Oct 11, 2025 08:37 Market analysts highlight Bitcoin’s unusual decline this month, noting October typically brings gains. Historical patterns suggest swift rebound ahead. Bitcoin’s recent price action has caught the attention of economists and market analysts, who are pointing to an unusual deviation from historical patterns that could signal an imminent recovery for the world’s largest cryptocurrency. The digital asset has experienced a decline of more than 5% during October 2025, a development that economists are describing as exceptionally rare given the month’s traditionally bullish reputation in cryptocurrency markets. According to…

Ethereum followed a broader market correction, severely impacting the holdings of BitMine, the largest treasury Ether holder. BitMine Immersion Technologies has acquired Ethereum immensely since it began an Ether-based corporate treasury strategy in late June. Barely four months in, the Tom Lee-chaired company has amassed a staggering 2.83 million ETH, becoming the leader in the Ethereum treasury firm category. Market Downside Severely Impacts BitMine Ether Stash Notably, BitMine disclosed that it acquired its 2,830,151 ETH holdings as of October 5 at an average price of $4,535 per token. This means its purchasing cost is a staggering $12.8 billion, accruing 2.34%…