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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...

Dogecoin is one of the leading cryptocurrency tokens in the market. Since its launch, the token has seen significant ebb and flow in its valuation and has managed to build a credible fan following throughout the years. With the ETF narrative gaining momentum, leading financial giants like Bitwise are exploring launching DOGE ETFs. Will this development help Dogecoin climb to new price highs? Let’s find out. Also Read: China Exempts Key U.S. Goods From 125% Tariff—What’s on the List? Dogecoin: What’s the Update? Source: Watcher Guru Dogecoin is currently sitting at a new price mark of $0.17, down 1.22% in the last 24 hours. The token is currently a central part of the rising ETF domain, where giants like Bitwise have expressed their desire to explore and launch DOGE ETFs. However, in a new development, the US SEC has delayed the Bitwise DOGE ETF decision, with its new deadline for approval fixed around June 15, 2025. SEC delayed decision on these today… -Franklin SOL & ...

Bloomberg Intelligence senior commodity strategist Mike McGlone has warned that the cryptocurrency market could be approaching a tipping point similar to the 2000 Dot-com bubble. In issuing his cautionary note, McGlone based his Analysis on the relationship between Bitcoin (BTC) and gold, stating that the precious metal’s recent ability to outperform the S&P 500—despite competition from the maiden digital asset—could signal the start of a broader market pullback, he said in an X post on February 7. Bitcoin and gold cross chart. Source: Bloom Intelligence It’s worth noting that gold has resumed its bullish momentum from 2024, recently hitting new highs above the $2,800 spot price in search of another record high at $3,000.  Picks for you Michael Saylor’s Strategy: Selling Bitcoin merch, but not for BTC ...

Bitcoin may be on its way to a $130,000 valuation by this March, according to analysts from Standard Chartered Bank. According to the bank’s analysts, institutional inflows accelerate and market sentiment shifts could trigger a breakout for the leading cryptocurrency. Standard Chartered analyst Geoffrey Kendrick paints a bullish picture for BTC in the coming weeks. The Standard Chartered head of digital assets research sees bitcoin gaining further momentum down the road a recent leveraged position reset and ongoing developments such as Trump’s crypto-related executive order. Looking ahead, Kendrick cites the Fed’s decision to leave interest rates unchanged as a positive sign for BTC. While macroeconomic risks still remain, Kendrick noted that the Fed’s stance reduces immediate uncertainty. The Standard Chartered analyst expects bitcoin to test the previous cycle’s all-time high of $109,000 in the coming weeks. “Above that I expect bitcoin to increase to a $112,000 to ...