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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,…

A tightening U.S. power grid is driving bitcoin BTC$113,244.11 miners and AI developers into closer alignment, according to Wall Street broker Bernstein. Soaring demand from AI and digital workloads has made grid access one of the biggest constraints on new data center growth, with interconnection timelines stretching to seven years in some regions, the broker said in a report on Friday.Miners, who secured large renewable power contracts years ago, now control more than 14 gigawatts (GW) of capacity and offer AI providers a shortcut to scale, analysts led by Gautam Chhugani wrote.Sites owned by IREN (IREN) and Riot Platforms (RIOT)…

After nearly four years on the sidelines, the United Kingdom has reopened access to Bitcoin-linked investment products. The Financial Conduct Authority (FCA) has lifted its 2021 restriction on exchange-traded notes (ETNs) tied to cryptocurrencies, allowing retail investors to once again participate in regulated crypto exposure through major stock exchanges. This development marks a major shift in the UK’s approach to digital assets. While the country has historically taken a cautious stance on crypto, the FCA’s decision signals a willingness to integrate Bitcoin and Ethereum investment vehicles into its broader financial ecosystem. Starting October 8, retail investors in the UK can…

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 has pulled below $116,000, but select analysts expect buyers to step in at lower levels and arrest the decline.Select altcoins have reached critical support levels where the buyers are expected to mount a strong defense.Bitcoin (BTC) attempted a recovery on Friday, but higher levels attracted selling. That has pulled the price under $116,000 as short-term traders are rushing to the exit.Analyst Stockmoney Lizards said in an X post that BTC is witnessing a shakeout in both directions. Despite the correction, the analyst remains bullish, expecting BTC to find support around $118,000 to $119,000.Crypto market data daily view. Source:…

Monad, the fast new Layer-1 blockchain, has set the date for its highly anticipated token airdrop, confirming the airdrop portal is scheduled to open on October 14. This news ends long waiting for the project’s community. However, the team is keeping the exact rules for token allocation and eligibility criteria strictly confidential.Monad Airdrop Claim Portal opens on Tuesday, October 14th— Monad (mainnet arc) (@monad) October 9, 2025The Most Important Details Are MissingEven with the date now firm, Monad has not given out the most critical information. The public is still waiting for answers on several key points:First, the project has…

Bitcoin traded at $117,729.81 as of press time, struggling to extend gains from its $126,000 all-time high as short-term positioning dynamics and risk-off flows dominated the medium-term debasement thesis.The debasement trade thesis gained popularity after JPMorgan published a report on the topic on Oct. 1. The thesis is based on the expectation that fiscal expansion and currency devaluation will drive demand for hard assets.Consequently, assets that hold buying power, such as gold and Bitcoin, would favor under these conditions. Amid this backdrop, gold reached a new all-time high of $4,059.38 on Oct. 10.But if gold is benefiting from the debasement…

Paul Atkins wants to cement his vision for the crypto markets before political tides shift again in Washington. As the new chair of the US Securities and Exchange Commission, he’s moving quickly to “future-proof” SEC policies,  a push that could define how much freedom the crypto industry enjoys after President Donald Trump leaves office.In a conference hosted by the Managed Funds Association in New York on Tuesday, Atkins said the SEC would work quickly to adopt rules that could “future-proof” his agenda. He specifically referred to removing or weakening regulations on public and private markets, both of which could impact…

Bitcoin’s price may recover up to 21% over the coming seven days if October’s historical trends hold, an economist suggests.“Drops of more than 5% in October are exceedingly rare.  This has happened only 4 times in the past 10 years,” economist Timothy Peterson said in an X post on Friday.’He said those instances occurred in October 2017, 2018, 2019, and 2021. In the week following each drop, Bitcoin (BTC) rebounded by 16% in 2017, 4% in 2018, and 21% in 2019. The only exception was 2021, when the crypto asset fell a further 3%. October is often dubbed “Uptober” for…

XRP trades near $2.83 as bullish momentum builds. Charts show rising RSI, price compression, and a $4 breakout target in focus. XRP was trading around $2.83 at press time, with a 24-hour volume of $4.7 billion. The asset is slightly higher on the day but still shows a 7% drop over the last week. Traders are watching key chart levels as momentum builds around major resistance zones. Long-Term Chart Builds Case for Higher Targets Analyst EGRAG CRYPTO shared a monthly chart showing both price and RSI moving in the same direction. The price trend is climbing steadily, with a…