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Polymarket is weighing new financing at a valuation as high as $10 billion alongside plans for a relaunch in the US, while competitor Kalshi is nearing a $5 billion fundraising. According to a report by Business Insider that cited sources familiar with the matter,  Polymarket has considered one offer that would value the company at $9 billion, and another that “offered a term sheet valuing Polymarket as high as $10 billion.” That would be a huge jump in valuation for the company, which raised funding at a $1 billion valuation early in the summer, the article said. Polymarket raised $200 million in June, led by Peter Thiel’s Founders Fund, the venture firm that was an early backer of projects such as OpenAI, Paxos and Palantir. Polymarket Looks To Re-Enter The US Market Polymarket is a decentralized platform that lets users trade event outcomes without a centralized bookmaker. It gained prominence during the 2024 US presidential election, where its market acc...

The Non-Playable Coin Solana price skyrocketed 74% in the last 24 hours to trade at $0.03439 as of 3.30 a.m. EST on trading volume that soared 162% to $4.54 million. The project went live about 2.5 months ago and soon dropped before returning to the launch price around Oct. 7. About a week later the project started a surge that took its price up nearly 280% in a week, and it’s now up 800% in the past month. As the growth started, the NPCS project announced that it is pursuing a market cap of $1 billion and that it plans to go beyond that in due time. In the next 12 or so months, the project intends to work tirelessly to complete its roadmap, improve the fundamentals, and become a billion-dollar meme coin. The $NPCS Road to $1 Billion Dollar Marketcap and beyond is now clear. Over the next 12~ months we will be working tirelessly to complete the roadmap, improve the fundamentals, and become a billion dollar meme project. We are about to embark on a historic journey. Join us fo...

Enterprise-grade staking platform Kiln announced the closing of a $17 million funding round to help expand its global footprint. Per a press release, other entities participating in the funding round included IOSG Ventures, a first-check crypto fund investing firm for web3, Wintermute Ventures, KXVC, and LBank. Kiln plans to use funds raised in the company’s global expansion, with efforts to grow its Asian–Pacific division through the opening of a headquarters in Singapore in the first quarter of 2024, as well as further product development to include additional reward mechanisms in defi. You might also like: Kraken and ConsenSys funds Kiln with $17.6 million This news follows several development s in 2023, including Kiln’s partnership with Ledger Live, Crypto.com, and Coinbase to provide pooled staking services, alongside Coinbase Cloud’s integration with Kiln’s On-Chain platform to support wallet providers by offering users the ability to stake Ethere...

Heavyweight champion Oleksandr Usyk is helping launch a new NFT collection to raise money for Ukraine — and blockchain networks are being urged to get involved. A new nonfungible token collection is aiming to give a substantial contribution to a charitable foundation supporting Ukrainians following Russia's invasion. Blockasset says the NFT release has been organized in collaboration with world heavyweight boxing champion Oleksandr Usyk, who is from Ukraine himself. The sale comes ahead of Usyk's world title defence against Anthony Joshua on August 20. There are 2,000 one-of-one NFTs of unique artwork, and they feature quirky designs by the world-renowned artist Dosbrak — chronicling some of the key moments from the boxer's undefeated professional career. When the invasion began, Usyk had joined Kyiv's territorial defence battalion but was later given permission to leave the country so he could prepare for his fight against Joshua. The Olympic gold medalist also hopes ...

2022 was a step backward for the crypto currency industry. Multiple firms collapsed and the overall trust declined in the ecosystem As a result, the funds flowing into the assets also registered a significant decline. A recent report from Messari emphasized that crypto funding took a “massive hit” in 2022. The analytics platform noted that the capital inflows shrunk from $8 billion to $1.4 billion last year. In 2022, a total of 112 funding rounds happened, noting an outright dip from 2021’s 287. Data suggests that over the past 30 days, funds have flown into CeFi-related projects. This sector registered an increase in funding by 323% in the timeframe. On the contrary, there was not much interest noted with respect to DeFi, Web3, and NFT projects. On the 180-day period, DeFi’s wounds were the deepest, for capital invested into the space noted a free fall of 91.6%. Crypto funding took a massive hit in 22' dropping to $1.4B across 112 rounds, compar...

After a tumultuous year in crypto, investors are now more selective with their funding. It’s been a tough year for crypto, and venture capital activity confirms it. The collapse of FTX in November was the latest and most shocking in a series of closures of key market players this year — including Celsius, Voyager and BlockFi — that have shaken investor sentiment and wiped out $1.5 trillion in market capitalization from cryptocurrency space. Blockchain Venture Capital funding has been on a downward slope since May 2022, and November was no different, with inflows declining even further. However, the total capital inflows for 2022 have surpassed 2021 by almost $6 billion. According to Cointelegraph Research, VC funding declined 4.8% in November, totaling $840.4 million — down from $843 million in October. The Cointelegraph Research Terminal’s Venture Capital Database — which contains comprehensive details on deals, mergers and acquisition activity, investors, crypto companies, funds...