Kalshi Picks Solana To Ignite Tokenized Event Trading

Bitcoin exchange-traded funds (ETFs) have commenced December with modest gains, while Ether and Solana have experienced declines in value. This shift comes after a period of significant market fluctuations, with Bitcoin stabilizing around $86,000 despite a broader market downturn that saw a $600 billion decline in November.

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.

Strategy has reduced its 2025 Bitcoin yield targets and built a $1.44 billion cash reserve, highlighting the volatility associated with corporate Bitcoin exposure. This pivot reflects a strategic shift towards direct investments in the Bitcoin ecosystem, particularly in Layer-2 infrastructure like Bitcoin Hyper, which offers enhanced transaction capabilities.

Solana has emerged as the leading blockchain for x402 payments, achieving a record daily transaction volume of $380,000, marking a 750% increase over the past week. This surge highlights Solana's growing adoption and efficiency in processing payments within the x402 ecosystem.

Solana's price is currently testing key support levels, showing bullish RSI divergence and steady ETF inflows, indicating potential buyer interest. Analysts note that while the price has stabilized around $143 after a multi-week decline, a breakout above resistance is necessary for a sustained reversal.

Kalshi has launched tokenized event contracts on the Solana blockchain, aiming to attract liquidity from the cryptocurrency community as prediction markets gain traction in the U.S. This integration allows users to engage with event contracts in a decentralized manner, enhancing accessibility and participation.

Upbit, South Korea's largest cryptocurrency exchange, has announced a restart date of December 1 for digital asset deposits and withdrawals following a significant hack that resulted in a loss of approximately $37 million, primarily affecting Solana-based assets. The exchange has deleted all existing deposit addresses as part of its security measures.

Prediction markets Polymarket and Kalshi have assigned mixed odds regarding Bitcoin's potential to surpass $100,000 by 2025, reflecting varying investor sentiment and market conditions. As of November 30, 2025, these platforms indicate a cautious outlook on Bitcoin's price trajectory amid ongoing fluctuations in the cryptocurrency market.