Key Takeaways Kalshi held early IPO talks with banks, per The Information. Kalshi’s annualized revenue run rate topped $2 billion, tripling since November 2025. Coatue led Kalshi’s $1 billion round in May 2026, lifting its valuation to $22 billion. According to The Information report, the discussions are early stage. There is no S-1 filing, no…
Bitcoin dropped below $60,000 by mid-June after a punishing start to the month, but the figure drawing the most attention across trading desks is the June 26 Bitcoin options expiry, with over $10 billion of contracts set to expire and roughly 80% currently sitting out of the money. Chart showing the open interest for Bitcoin…
In brief Inception Labs’ Mercury 2 generates roughly 1,000 tokens per second and scored 90 on the AIME 2026 Google’s recent DiffusionGemma hits similar speeds but performs worse on benchmarks. DiffusionGemma is free and open-weight on Hugging Face. Mercury 2 is a paid, closed-weight API model. Inception Labs introduced Mercury 2 on Thursday, calling it…
Key Takeaways Andre Cronje, Michael Kong, David Richardson left Sonic Labs board this week. Sonic’s S token fell 97% from its $1.03 peak, with total value locked (TVL) down to $20 million. Matt Visser becomes CEO, pledging incremental, transparent governance reform. The three founding board members built Sonic Labs, formerly the Fantom Foundation, from the…
Bitcoin (BTC) returned to $64,000 on Sunday amid concerns over unreliable BTC price strength. Key points: Bitcoin brushes off US-Iran tensions despite the Strait of Hormuz being closed. A trader calls BTC price behavior “suspicious” as a result, while targets see maximum upside reaching $66,000. Binance sell-side pressure remains substantial. BTC price ignores new Hormuz…
A quiet legal maneuver to seize title to more than $200 billion in dormant Bitcoin, including Satoshi Nakamoto’s, has encountered a fundamental flaw. A lost Bitcoin wallet lawsuit in New York now faces direct on-chain evidence that supposedly abandoned addresses are actively transferring billions of dollars in BTC, fracturing the plaintiffs’ core legal premise. The dispute turns on…
In brief SpaceX’s stock surge following last week’s IPO could benefit FTX creditors, as the defunct crypto exchange took a stake before its collapse. Some anticipate that SpaceX’s climb beyond $2.5 trillion in market cap could ultimately benefit Bankman-Fried’s victims via larger-than-expected payouts. The judge who oversaw Bankman-Fried’s criminal trial once compared the former crypto…
Money rules are something that we all live by, whether we realize it or not. From budgeting to saving to investing, our financial decisions are guided by these rules. But what if I told you that there is one money rule that changed everything for me? Yes, you heard that right. This one simple rule…
Key Takeaways Trump warned Iran on June 21 to stop Hezbollah proxies in Lebanon or face harder U.S. strikes. Israeli strikes killed 18 in Lebanon on June 19, the deadliest blow to the MoU since June 17. U.S. and Iranian delegations meet in Switzerland this week for 60-day talks on a final deal. Trump made…
Bitcoin (BTC) could tumble by over 60% to under $24,000 in 2026, according to technical analyst Jesse Olson, if the stock market experiences a major crash. Key takeaways: A US stock market crash of over 50% may accelerate BTC’s sell-off. Negative Coinbase premium and persistent ETF outflows hint at de-risking among institutional investors. Bitcoin chart…
