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

Newsroom scene with an executive in front of monitors showing Kalshi and a bold 22B valuation amid funding and regulatory scrutiny.

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

Neutral ballot-box illustration with floating crypto coins above a blurred political backdrop.

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 ATM with suspension notice and Connecticut regulator seal in neutral newsroom lighting

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 […]

Treasury urged Congress to let exchanges temporarily freeze suspicious crypto

Regulator in a suit presents Freeze Safe Harbor document with subtle crypto icons in the background.

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 […]

Meta to test stablecoin payments in H2 2026, leaning on third‑party partners

Analyst in newsroom reviewing tablet showing cross-border stablecoins, Meta icons, and a Stripe logo.

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

Editorial portrait of a crypto analyst in a newsroom with monitors showing red alerts for Step Finance, SolanaFloor and Remora.

$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, […]