Prediction Market Kalshi Boosts Valuation to $22 Billion With Fresh $1 Billion Investment
Prediction market platform Kalshi secured $1 billion in fresh funding, reaching a $22 billion valuation. The investment signals growing institutional confidence in crypto-based betting markets amid regulatory clarity. Kalshi enables users to trade contracts on real-world events. The funding positions the platform competitively as prediction markets gain mainstream adoption globally, though Indian investors face limited direct access due to regulatory constraints.
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Google Found a Way to Make Local AI Up to 3x Faster—No New Hardware Required
Google developed optimization techniques enabling local AI models to run up to 3x faster without requiring new hardware. This breakthrough reduces computational costs for on-device AI processing, benefiting enterprises and developers running models locally. The advancement matters for crypto markets as efficient AI infrastructure drives demand for compute-focused blockchains and protocols supporting decentralized machine learning deployments.
South Korea Ordains Robot Monk Ahead of Buddha’s Birthday
South Korea ordained an AI robot monk to mark Buddha's Birthday celebrations, highlighting technology's expanding role in religious and cultural contexts. The event generated significant media attention but carries no direct impact on cryptocurrency markets. Bitcoin fell 1.58% to $80,228, while major altcoins including Ethereum and Solana declined 2-3%. The story reflects broader societal trends rather than crypto-specific developments affecting Indian investors.
