Kalshi secures $1B in fresh funding as valuation jumps to $11B

Bitcoin is currently trading just above $83,000, amid a wave of liquidations totaling approximately $2 billion. This decline has been accompanied by significant outflows from spot exchange-traded funds (ETFs), indicating a challenging environment for major cryptocurrencies like BTC, ETH, XRP, and SOL.

Dogecoin price has broken through several major support levels, with price action turning sharply bearish. A new yearly low at $0.08 is now at risk if sellers continue to dominate the market.

Asia's crypto media landscape is undergoing significant changes, with a notable concentration of traffic among fewer than 20 leading outlets. In the second quarter of 2025, 82% of all crypto-native traffic in the region was directed towards these tier-1 publishers, indicating a shift in how audiences consume crypto news and information.

Pi Network price is forming a rare Adam and Eve bullish reversal pattern as it remains above key volume support. This development signals a potential bottom and suggests a movement towards higher resistance levels in the cryptocurrency market.

Ethereum's price is experiencing significant downward pressure, breaking through major support levels and falling below key high-time-frame zones. This decline signals the potential early stages of a bear market for the cryptocurrency, raising concerns among investors about the sustainability of its recent gains.

Kalshi, a U.S.-based prediction market platform regulated by the Commodities Futures Trading Commission, has raised $1 billion at an $11 billion valuation. This funding round positions Kalshi as a significant player in the prediction market sector, reflecting investor confidence in its business model and growth potential.

Michael Saylor's company, Strategy, is facing potential risks as Bitcoin's price has fallen to multi-month lows below $100,000. With a substantial holding of 649,870 BTC, the decline in Bitcoin's value raises concerns about the financial stability of the largest Bitcoin-holding public company in the world.

Kalshi has successfully raised $1 billion in a funding round, resulting in a valuation of $11 billion. This funding round was led by Sequoia Capital and CapitalG, marking a significant milestone for the prediction market platform. Kalshi's growth reflects its position as a regulated exchange in the cryptocurrency sector.