Polymarket, Kalshi seek funding; Gemini IPO
The post Polymarket, Kalshi seek funding; Gemini IPO appeared on BitcoinEthereumNews.com. Crypto markets grabbed headlines last week, from billion-dollar fundraising pushes at Polymarket and Kalshi to Gemini going public. Tether also staked its claim in the U.S. with a new regulated stablecoin, Coinbase turned up the heat on regulators, and Binance deepened Wall Street ties with Franklin Templeton. Meanwhile, Avalanche and HashKey unveiled ambitious treasury plans, OpenSea edged closer to its long-awaited token, and Michael Saylor’s firm continued to pile into Bitcoin as German authorities faced scrutiny over a missed multibillion-dollar BTC haul. Prediction platforms target billion-dollar valuations Polymarket received offers valuing the company at up to $9 billion. Kalshi is simultaneously exploring capital raising opportunities at a $5 billion valuation. Gemini’s public debut exceeds market expectations The cryptocurrency exchange raised $425 million through its initial public offering, with shares opening at $37.01 on Nasdaq, which is 32% above the $28 pricing level. Trading reached intraday highs of $45.89 before closing at $32 and valuing Gemini at around $3.3 billion. The IPO pricing surpassed both the week’s expected range of $24-26 and the initial range of $17-19. Tether introduces US-regulated stablecoin infrastructure The world’s largest stablecoin issuer unveiled USAT, a dollar-backed token compliant with US regulations. The company also appointed former White House crypto advisor Bo Hines to lead American operations. Anchorage Digital will serve as the federally regulated issuer while Cantor Fitzgerald manages reserve assets Hines, previously director of President Trump’s Crypto Council, will oversee Tether’s new US entity as the company expands into regulated American markets. Coinbase still hung up on Gensler On Sept. 11, the exchange requested federal court intervention for an “expedited, proper search” of former Securities and Exchange Commission (SEC) Chairman Gary Gensler’s erased text messages spanning one year. Coinbase chief legal officer Paul Grewal addressed the matter on X: “The Gensler SEC destroyed documents they…
The post Polymarket, Kalshi seek funding; Gemini IPO appeared on BitcoinEthereumNews.com.
Crypto markets grabbed headlines last week, from billion-dollar fundraising pushes at Polymarket and Kalshi to Gemini going public. Tether also staked its claim in the U.S. with a new regulated stablecoin, Coinbase turned up the heat on regulators, and Binance deepened Wall Street ties with Franklin Templeton. Meanwhile, Avalanche and HashKey unveiled ambitious treasury plans, OpenSea edged closer to its long-awaited token, and Michael Saylor’s firm continued to pile into Bitcoin as German authorities faced scrutiny over a missed multibillion-dollar BTC haul. Prediction platforms target billion-dollar valuations Polymarket received offers valuing the company at up to $9 billion. Kalshi is simultaneously exploring capital raising opportunities at a $5 billion valuation. Gemini’s public debut exceeds market expectations The cryptocurrency exchange raised $425 million through its initial public offering, with shares opening at $37.01 on Nasdaq, which is 32% above the $28 pricing level. Trading reached intraday highs of $45.89 before closing at $32 and valuing Gemini at around $3.3 billion. The IPO pricing surpassed both the week’s expected range of $24-26 and the initial range of $17-19. Tether introduces US-regulated stablecoin infrastructure The world’s largest stablecoin issuer unveiled USAT, a dollar-backed token compliant with US regulations. The company also appointed former White House crypto advisor Bo Hines to lead American operations. Anchorage Digital will serve as the federally regulated issuer while Cantor Fitzgerald manages reserve assets Hines, previously director of President Trump’s Crypto Council, will oversee Tether’s new US entity as the company expands into regulated American markets. Coinbase still hung up on Gensler On Sept. 11, the exchange requested federal court intervention for an “expedited, proper search” of former Securities and Exchange Commission (SEC) Chairman Gary Gensler’s erased text messages spanning one year. Coinbase chief legal officer Paul Grewal addressed the matter on X: “The Gensler SEC destroyed documents they…
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