Crypto Industry News & Market Trends

Kalshi Weighs $1B Funding Round at Nearly $40B Valuation as

Kalshi is considering a funding round of about $1 billion at a valuation near $40 billion, according to reports, as the prediction-market operator expands beyond event contracts.　　Sequoia Capital and Wellington Management are in talks to participate, while Tiger Global Management and Dragoneer Investment Group are also considering joining. The discussions remain ongoing, and the deal size and valuation could change.　　Funding Talks Continue　　Kalshi last raised $1 billion in May at a $22 billion valuation. A new round at $40 billion would nearly double the companys valuation within months.　　Related: House Oversight Broadens Prediction Market Probe to Hyperliquid, Crypto.com　　Sequoia could lead the financing, while partner Alfred Lin serves on Kalshis board. The terms remain under negotiation, with the deal expected to develop in the coming weeks.　　Polymarket is also exploring a funding round of about $1 billion as prediction markets attract increased investor interest.　　Kalshi Expands Into Financial Markets　　Kalshi is seeking to expand beyond event contracts into financial and economic markets, bringing it into greater competition with established derivatives exchanges such as CME Group and Intercontinental Exchange.　　Dune data shows Kalshi has increased its market share relative to Polymarket over the past year.　　The expansion comes as lawmakers examine prediction-market regulation and investor protections. Kalshi operates under

09-30Industry

Bitcoin Was the Asset. Now Institutions Are Building Around It

Institutions are moving beyond the question of whether to own bitcoin and toward how to finance, hold, and use it. A new research note says the shift could shape bitcoins next phase of adoption.　　Key TakeawaysTD Cowen sees growing interest in finance built around bitcoin.Blackrock described ETFs and self-custody as complementary.Privacy and security are emerging as institutional issues.　　Bitcoin Becomes the Basis for New Financing　　Bitcoin is becoming the foundation for a wider set of financial products, according to TD Cowens account of the Sept. 28 Bitcoin Treasuries Conference in New York. TD Cowen is a division of TD Securities. Its equity analyst Lance Vitanza, CFA, examined discussions of capital formation, collateral, and funding structures in a Sept. 29 sector note titled “Three Themes Shaping the Next Phase of Institutional Bitcoin Adoption.”　　Vitanza wrote:　　“The conversation is moving beyond bitcoin ownership and toward the ecosystem being built around it: capital markets, implementation frameworks, and institutional infrastructure.”　　“The conversation is moving beyond bitcoin ownership and toward the ecosystem being built around it: capital markets, implementation frameworks, and institutional infrastructure.”　　Conference participants discussed bitcoin-backed bonds, preferred shares (stock with priority over common shares for dividends), convertible securities (instruments that can be exchanged for shares under specified terms), and financing

09-30Industry

Raydium corrects 12% after a 138% monthly run - Is RAY losing strength？

Raydiums 138% monthly uptick encountered a sharp reset as RAY dropped 12.06%, as weakening market sentiment triggered profit-taking across the market.　　Particularly, the retracment followed an extended rally that had pushed RAY into increasingly into overheated conditions.　　Besides profit-taking activity, the broader conditions also became less supportive during the decline. Notably, the Crypto Fear & Greed Index declined from 70 to 69, although sentiment maintained within “Greed.”　　The assets daily trading volume, meanwhile, reached approximately $75.4 million, validating strong participation during the sell-off.　　The combination of profit-taking and cooling market sentiment, therefore, put RAYs recovery under its strongest recent pressure.　　Source: CoinMarketCapLeverage retreats as longs take the hit　　Also notably, the derivatives market participants minimized exposure as RAYs retracement spread beyond the spot market.　　Discover more　　News　　NEWS　　Finance market insights　　In particular, Open Interest declined 8.88% to $15.93 million, suggesting leverage left the market alongside the falling price.　　Additionally, the recent liquidation activity provided another element to the deleveraging trend. Notably, the long liquidations dominated during the latest reading, reaching nearly $8.57K compared to just $23.66 in shorts.　　It is also worth noting that the larger long-liquidation spikes had already appeared during most of the Septembers volatile sessions. The recent decline, therefore, extended a broader pattern of leveraged bullish positions facing pressure.　　The

09-30Industry

Hut 8 locks in $1B credit line, but faces 40% liquidity rules

Bitcoin miner Hut 8 announced on Sept. 28 that it had closed a four-year, $1 billion senior secured credit line.　　Related Company Hut 8 Business building technologists　　The facility gives the parent company room to borrow during site development and to back construction obligations with letters of credit. Its securities filing says no amounts were outstanding when the agreement closed on Sept. 24.　　Hut 8 says letters of credit can support interconnection deposits and obligations to utilities and equipment vendors, reducing the cash it needs to post as collateral. The $1 billion letter-of-credit sublimit is contained within the overall commitment.　　Related Asset Bitcoin BTC · $83,590.84 24-hour change: up 0.15%　　In effect, the line offers two ways to use a single pool of bank capacity: borrowing cash or securing eligible obligations.　　Flexibility for development, exposure at the parent　　Hut 8s June 30 balance sheet listed $233.6 million in cash, with restricted funds reported separately.　　The line can help bridge interim development needs while Hut 8 decides when to arrange longer-term project financing, according to the company. That timing gives the parent a financing option while projects move through their earlier stages.　　Hut 8s $1.07 billion secured revolver supports borrowing or letters of credit, with nothing outstanding at closing.　　The new

09-30Industry

Sam Altmans OpenAI Eyes $1.4T Valuation in $30B Raise Ahead of 2027 IPO

ChatGPT maker OpenAI is seeking at least $30 billion from investors at a valuation near $1.4 trillion, excluding the new capital. According to reports, the talks follow OpenAIs decision to postpone its planned public-market debut beyond 2026.　　The talks are still in their early stages, and terms may be subject to change prior to any deal. Investor demand is driving the round, which is expected to serve as bridge financing before an eventual IPO.　　Ad　　Ad　　OpenAI Turns to Private Funding Before IPO　　The proposed raise follows OpenAIs March financing, which secured $122 billion in committed capital at an $852 billion valuation. A $1.4 trillion valuation would represent another increase as investors continue backing the ChatGPT maker.　　CEO Sam Altman recently ruled out an IPO during 2026, citing concerns surrounding the pace and safety of AI development. The bridge round would provide additional capital while OpenAI prepares for a potential 2027 listing.　　Discover more　　Coinbase trading platform　　Bitcoin investment guide　　News　　As this progresses, the prediction-market traders are also leaning toward a later timetable. Kalshi currently prices a 49% chance that OpenAI formally announces an IPO before June 1, 2027, and before January 1, 2027, stands at just 1%.　　OpenAI is also competing with Anthropic for enterprise customers while both companies prepare

09-30Industry

Tokenized Stocks Hit $3.6B as Avalanche and Solana Split the Market

Key TakeawaysTokenized stocks hit a $3.6B market cap as Avalanche drew $131.2M last week and Solana added 123,500 holders.Avalanche is winning institutional capital while Solana and Robinhood attract more retail users.DeFi TVL and DEX volume will show whether tokenized stocks become a deeper onchain market.　　Avalanche Leads Tokenized Stock Growth as Solana Wins New Users　　Tokenized equities are starting to reveal two very different growth stories.　　Over the past seven days, Securitizes SECZ added $132 million in market capitalization, almost 10 times more than the next-largest tokenized stock, according to the RWA Foundation.　　That single move helped push Avalanche to the top of the blockchain rankings, with $131.2 million in new tokenized-stock value during the span.　　Yet Avalanche barely registered among the networks attracting new holders. Instead, Solana added 123,500 tokenized-stock holders, suggesting institutional capital and retail crypto adoption are increasingly moving through different rails.　　Discover more　　Financial literacy course　　Merchant Services & Payment Systems　　Bitcoin investment guide　　Avalanche Captures the Institutional Money　　Blackrock-backed Securitize accounted for $131.1 million of issuer-level market-cap growth, more than seven times the rest of the top eight issuers combined. xStocks ranked a distant second with $17.5 million.　　SpaceX exposure also remained popular. Binance‘s SPCXb added $13.3 million, while xStocks’ SPCXx gained $3.6 million. Tokenized products built

09-30Industry

Solana Price Eyes $150 as ETFs Accumulate 4.37 Million SOL

Key Insights:Solana price trades near $119 after retreating from the $125 area.According to Analyst Ali Charts, US spot Solana ETFs have accumulated 4.37 million SOL since July 13.Completed-week ETF inflows reached $188.1 million, while $120 and $125 remain price hurdles.　　Solana price traded near $119 on Tuesday after retreating from just below $125 last week. The pullback left SOL beneath $120; the first-level traders are watching for another advance. CoinGecko showed a 24-hour range of $116.44 to $120.49 when checked on Tuesday.　　Solana price movement | Source: CoinGecko　　ETF demand offers a separate measure of interest. Analyst Ali Charts said US spot Solana ETFs accumulated roughly 4.37 million SOL since July 13. He placed $150 on his upside watchlist, though the price has yet to clear nearby resistance. His 11-week count runs through September 25. The current trading week is still underway.　　Solana Price Tests $120 After Retreating from $125　　SOLs seven-day high was $124.77, close to $125, as shown in the recent SOL crypto price analysis. By Tuesday, the Solana price had slipped back under $120. That move interrupted its breakout attempt and left traders watching for a return above the threshold.　　Discover more　　Fintech investment reports　　Distributed it does not establish that buyers will defend the

09-30Industry

PLTR Price Prediction: AI Platform Dominance Meets a $190 Ceiling — Can Bulls Break Through？

Jessie A Ellis　　Sep 29, 2026 13:33 UTC　　Palantir is trading at $187.89 with momentum stalling just below the $190.21 resistance wall, while a 93% Q2 revenue surge and aggressive AIP expansion argue the next leg higher targets $197–$207. …　　The $190 Wall and the AI Catalyst Behind It　　Palantir is sitting right at an inflection point. At $187.89, the stock is trapped in a narrow corridor — $185.69 immediate support below, $190.21 immediate resistance above — and the 24-hour price action of -0.20% says buyers and sellers are locked in a standoff. The intraday range of $185.81 to $190.33 tells you the market tested both sides and couldnt commit. That kind of coiled indecision, right below a key resistance cluster, usually resolves violently in one direction.　　The fundamental catalyst doing the heavy lifting here is real and significant. In Q2 2026, Palantir printed $1.94 billion in quarterly revenue — a 92.8% year-over-year surge — and beat the consensus EPS estimate of $0.34 by delivering $0.41. The company has now raised its full-year 2026 revenue forecast to between $8.15 billion and $8.158 billion. That‘s not incremental improvement; that’s a company in a different growth bracket entirely. CEO Alex Karp has spent September adding xAI‘s Grok

09-30Industry

HOOD Price Prediction: Summit Catalyst Could Ignite a Run to $140 — Or Stall Into a Nasty Reversal

James Ding　　Sep 29, 2026 13:25 UTC　　HOOD is trading at $118.24, sitting just below a critical $120.64 resistance wall on the exact day CEO Vlad Tenev takes the stage at HOOD Summit 26 in Houston. With 28 Wall Street analysts holding…　　HOOD Summit Day Opens with the Stock Coiled at a Make-or-Break Level　　Today is not a random Tuesday for Robinhood shareholders. As of 11:15 UTC on September 29, Vlad Tenev is preparing to take the main stage in Houston for the HOOD Summit 26 keynote — and the stock is sitting at $118.24, trading with a 24-hour range of $115.07 to $120.26, and pressing right up against the $120.64 immediate resistance level. That compression is not an accident. The market is pricing in event risk in both directions.　　The setup is clean and the timing is loaded. HOOD has already recovered sharply from the $116.46 it printed yesterday, recovering roughly 1.74% in the last 24 hours as buyers stepped in ahead of the Summit. Open interest in the derivatives market has jumped 10.3% in the last day, and institutional traders are positioned long at a 2:1 ratio — a clear signal that smart money is leaning into a catalyst play, not fading it.

09-30Industry

COIN Price Prediction: Bulls Reclaim the Chart But Fundamentals Demand Proof

Iris Coleman　　Sep 29, 2026 13:17 UTC　　Coinbase (COIN) is trading at $194.89 — technically constructive above every major moving average and with institutional positioning decisively long, yet a 54x forward P/E on a stock that just post…　　COIN Inches Back Toward Resistance as Momentum Stalls at the Gate　　Coinbase opened the session at $194.89 — a modest 1.74% gain on the day but a stock that is clearly fighting for conviction. The 24-hour range, $190.81 to $198.89, tells the story cleanly: buyers showed up, but they ran out of gas right at the $198.92 immediate resistance wall. That ceiling isn‘t arbitrary. It’s been a sticky level, and with the MACD histogram registering a flat zero, the bull momentum that drove COIN from its post-Q2 lows has — at least for now — gone cold. You dont need to see a bearish crossover to know when a rally is losing its punch; a MACD that stops moving says the same thing. The real question now is whether this pause consolidates into a higher base, or whether gravity wins.　　What matters here beyond the daily candle is the broader macro backdrop. The crypto exchange market has been dealing with contracting trading volumes since the first quarter,

09-30Industry

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