Day: March 6, 2026

Kalshi and Polymarket weigh funding rounds at $20B valuations

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Prediction market platforms Kalshi and Polymarket are exploring fundraising rounds that could value each company near $20 billion, according to a Wall Street Journal report. Both companies have recently held early discussions with potential investors about new funding rounds, according to people familiar with the matter. Each platform was last valued at roughly half that amount late last year. The talks remain preliminary and may not lead to deals, and there is no guarantee either company will secure that valuation as scrutiny around prediction markets increases. Kalshi already operates in…

XRP Price Ladder Shows What Conditions Are Needed For $18, $100, And $500

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A new outlook from market analyst Luke Suther shows a long-term valuation path for the XRP price, stretching from its current value of under $1.5 to over $18, $100, $500, and even $10,000 per coin. The projection ties price to real-world adoption and institutional use rather than speculation, highlighting how XRP’s value could grow as payment infrastructure integrates blockchain settlement.  XRP Price Ladder From $2 To $100 In his post on X, Suther laid out a detailed price ladder for XRP, arguing that the cryptocurrency’s progress toward major milestones reflects…

Bitcoin Data Shows Why 3-Year Holders Avoid Losses

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Bitcoin (BTC) gets a bad name among some investors due to its steep double-digit drawdowns that punish late buyers, but data suggests the outcome can change with time. Since 2017, investors who bought BTC near the market highs faced losses of about 40%–50% in the next two years, but data shows many of those positions turned profitable when held for longer than three years. By contrast, entries near bear-market lows have historically produced triple-digit percentage returns over similar two to three-year periods. Onchain valuation metrics further help explain where these…

Bitcoin Sell-off To $65K Likely As Traders Run From Global Risks

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Key takeaways: Bitcoin faced pressure as rising oil prices and weak US data sparked risk-off sentiment and drove investors to gold. A redemption spike in private credit funds from BlackRock and Blackstone signaled growing anxiety among retail investors. Bitcoin (BTC) saw a 7% correction between Thursday and Friday following a failed attempt to reclaim the $74,000 level. The pullback tracked weak US macroeconomic data and a spike in oil prices as the US and Israel-Iran war entered its seventh day. Traders now question whether Bitcoin can maintain support above $65,000.…

Crypto trading firm BlockFills explores restructuring amid losses and customer lawsuit

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BlockFills, the Chicago-based crypto options and lending platform backed by Susquehanna, is preparing for a corporate restructuring after suffering substantial financial losses and facing legal action from a customer alleging mishandling of funds. According to a Financial Times report, the firm has engaged consulting group BRG and law firm Katten Muchin Rosenman to advise on restructuring efforts. BlockFills froze client withdrawals last month following loan losses and unsuccessful bets tied to crypto mining operations. The company has since disclosed to potential investors that its financial reporting contained inaccuracies. A Manhattan…

Ex-CFO Sentenced to Two Years after Diverting $35M to Crypto Venture

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Nevin Shetty was convicted of wire fraud related to secretly moving $35 million in funds from a Seattle startup to his own crypto platform in 2022 to use for DeFi investments. A Seattle judge has sentenced the former chief financial officer of a local startup to two years in prison following his conviction for wire fraud related to a cryptocurrency business. In a Thursday notice, the US Justice Department said Nevin Shetty would serve two years in prison after he “secretly moved approximately $35 million in company funds to a…

Google says Anthropic AI will remain available on Google Cloud despite Pentagon risk designation

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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 said Friday that the determination does not prevent the company from working with Anthropic on non defense related projects and that its products will remain available through platforms such as Google Cloud. Anthropic’s Claude models…

Florida becomes first US state to pass stablecoin framework

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Florida, the southeastern US state that has positioned itself as a leader in digital asset policy, today became the first state in the nation to pass a comprehensive regulatory framework for payment stablecoins. The legislation now awaits signature from Governor Ron DeSantis, a vocal proponent of crypto-friendly policies who has backed efforts to establish Florida as a hub for blockchain innovation. The bill establishes a licensing regime for qualified stablecoin issuers while simultaneously launching a pilot program that would allow the state’s Department of Financial Services to accept stablecoin payments…

Will BTC See $60K Again?

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Key points: Analysts believe that Bitcoin will have to stay above the $68,000 level to continue its recovery. Several major altcoins have turned down from their overhead resistance levels, indicating that bears remain in control. Bitcoin’s (BTC) relief rally was rejected at the $74,000 level, and the bears have pulled the price below $68,500. Select analysts believe that BTC will have to hold the $68,000 to $70,000 zone to continue its short-lived bull trend.  The big question on traders’ minds is whether BTC has bottomed out or if it could…

Curve Finance Warns PancakeSwap About Licensing Violation

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The team behind the Curve Finance decentralized finance (DeFi) platform accused the PancakeSwap decentralized exchange (DEX) of using its code without the proper licensing. The code is tied to the “StableSwap” feature used for swapping stablecoins and “tightly-pegged” assets on PancakeSwap Infinity, the latest version of the PancakeSwap DEX. “If you want to enjoy using stableswap without legal problems and to borrow some of our expertise to keep users SAFU, you still can contact us for licensing and collaboration,” the Curve team said on X. Source: Curve Finance In a…