Kalshi raises $1B at $11B valuation after best volume month

Kalshi has transitioned its event contracts to the Solana blockchain, marking a significant shift in the operation of prediction markets by integrating U.S.-regulated platforms into decentralized finance. This move aims to enhance liquidity and attract a broader user base within the cryptocurrency community.

Solana's on-chain flows indicate a significant supply shift as the cryptocurrency trades near key support levels, with recent price movements keeping SOL above $120 despite subdued demand from futures traders. This situation reflects ongoing volatility in the market, as traders remain cautious amidst fluctuating investor sentiment.

Kalshi has launched on-chain event contracts integrated with the Solana blockchain, enhancing its platform for prediction markets. This move allows users to engage with decentralized event contracts, tapping into the growing cryptocurrency liquidity. The integration is seen as a significant step in expanding Kalshi's offerings in the prediction market sector.

Strategy has outlined its Bitcoin plan, detailing the conditions that could trigger future sales and emphasizing the importance of understanding market updates within the right context. This approach aims to clarify the company's strategy amidst ongoing market fluctuations.

Kalshi has successfully raised $1 billion in a funding round, achieving an $11 billion valuation, which positions it as a leading player in the prediction market sector. This funding was led by Paradigm and comes after a period of significant trading volume growth for the platform.

Kalshi has launched tokenized event contracts on the Solana blockchain, marking its strategic entry into the crypto market to attract traders who have previously engaged with platforms like Polymarket. This move allows users to buy and sell tokenized representations of event contracts, enhancing trading flexibility and accessibility.

XRP exchange-traded funds (ETFs) have seen inflows exceeding $756 million over 11 consecutive days, indicating a bullish divergence on price charts that suggests a potential trend reversal. This surge in investment reflects growing institutional interest in XRP as a viable asset class.

Kalshi has successfully raised $1 billion in its latest funding round, resulting in a valuation of $11 billion. This significant financial boost positions Kalshi as a leading player in the prediction market sector, regulated by the Commodities Futures Trading Commission.