Wall Street heavyweight JPMorgan (JPM) initiated coverage of stablecoin issuer Circle (CRCL) with an underweight rating and an underwhelming $80 price target. The shares were trading 4.5% higher at around…
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This is a segment from the Empire newsletter. To read full editions, subscribe.“It’s the first time in US history, since the Great Depression, that you really can financialize anything,” Kalshi…
In brief
Kalshi raised $185 million at a $2 billion valuation in a Series C round, it announced Wednesday.
The round was led by crypto-focused VC firm Paradigm, with participation from several…
In brief
Zama, a startup pioneering fully homomorphic encryption (FHE) for blockchain, raised $57 million in Series B funding, pushing its valuation past $1 billion.
Zama’s protocol enables encrypted smart contracts and…
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In brief
Blockchain-based prediction platform Polymarket correctly predicted the surprise victory of Zohran Mamdani in the New York City Democratic mayoral primary.
Traders pivoted sharply to Mamdani following an Emerson poll.
Polymarket is…
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Lithuanian-Australian businessman and legendary poker player Antanas Guoga (also known as "Tony G") recently took to the X social media to question the valuation of the Ripple-linked XRP cryptocurrency. "How is…