Kalshi raises more than $1 bn as valuation doubles to $22 bn, Bloomberg reports

Kalshi has secured a new financing round that raised more than $1 billion and lifted its valuation to about $22 billion, marking a sharp jump from the roughly $11 billion level reported in December 2025. The deal, led by Coatue Management, shows that investor appetite for prediction markets remains strong even as the sector faces […]
Fairshake’s $10m Illinois bet fails as Juliana Stratton wins Democratic Senate primary

Fairshake’s $10 million push into the Illinois Democratic Senate primary ended in a clear defeat, delivering a sharp reminder that money alone does not guarantee political leverage. The crypto-backed PAC entered the race hoping to weaken Lieutenant Governor Juliana Stratton, but the effort failed to dislodge a candidate with strong in-state support and an established […]
Connecticut suspends Bitcoin Depot as company warns core revenue could fall 30–40% in 2026

Bitcoin Depot is facing a more difficult operating environment after Connecticut regulators suspended its business in the state, alleging that the company charged some customers above the state’s 15% fee cap and failed to properly handle refund requests. The enforcement action has put compliance and consumer protection issues at the center of the company’s 2026 […]
Aave wstETH oracle glitch triggered $27M in liquidations; DAO pledges 345 ETH compensation

Aave was hit by a roughly $27 million liquidation cascade after a pricing error temporarily undervalued wrapped staked Ether, or wstETH, across the protocol. A mispricing of only about 2.85% was enough to force liquidations across multiple positions and expose how sensitive leveraged lending markets remain to oracle errors.
Zcash core developers secure $25M seed from top crypto VCs after split from Electric Coin Company

The Zcash Open Development Lab, or ZODL, announced that it had raised more than $25 million in a seed round to fund protocol development, privacy infrastructure, and work on the Zodl self-custodial mobile wallet. The financing gives the newly formed group a substantial runway to position itself as a major force in the next phase […]
Treasury urged Congress to let exchanges temporarily freeze suspicious crypto

The U.S. Treasury has formally urged Congress to give cryptocurrency platforms a narrowly defined power to freeze suspicious digital assets, arguing that the current legal framework moves too slowly for the speed of blockchain-based crime. The recommendation appeared in a report submitted under the GENIUS Act in March 2026, and it was presented as a […]
U.S. judge freezes 70.6 BTC tied to BlockFills after Dominion Capital alleges customer fund misappropriation

A federal judge in Manhattan hit pause on BlockFills’ ability to move a specific chunk of crypto after Dominion Capital accused the firm of improperly holding and commingling client assets. Judge Mary Kay Vyskocil issued a temporary restraining order freezing 70.6 BTC (roughly $5 million) and blocking any transfer of those coins outside the United […]
Kraken wins Kansas City Fed approval for limited-purpose master account, gains direct Fedwire access

Kraken Financial secured a limited-purpose Federal Reserve master account from the Federal Reserve Bank of Kansas City, according to a statement by the bank. The approval gives Kraken direct connectivity to the Fed’s core payments infrastructure, including Fedwire, and reduces its need to route fiat settlement through correspondent banks.
Meta to test stablecoin payments in H2 2026, leaning on third‑party partners

Meta Platforms is reportedly preparing to build infrastructure to accept stablecoin payments across its apps in the second half of 2026, with an approach centered on integrating third-party providers rather than issuing a proprietary coin. The strategic pivot is that Meta is positioning itself as an orchestrator of stablecoin payments, not an issuer—explicitly distancing the […]
Step Finance, SolanaFloor and Remora Markets Shut Down After January Treasury Hack

$27 million to $40 million in SOL was removed from Step Finance’s treasury and fee wallets on Jan. 31, 2026, a breach that immediately triggered the wind-down of three early Solana ecosystem projects. The teams said the loss left them insolvent, unable to raise financing or find a buyer, and forced shutdowns across analytics, dashboard, […]
