Kalshi hits $22 billion valuation after $1 billion raise led by Coatue
Kalshi reached a $22 billion valuation after a $1 billion Series F, as institutional volume surged 800% since November 2025....
Explore how Funding is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
California man jailed for 78 months over $250M crypto theft conspiracy
Marlon Ferro, 20, was sentenced to 78 months in federal prison for his role in a $250 million crypto theft conspiracy. Operating as "GothFerrari," he physically broke into homes to steal hardware wallets when remote hacking failed. The organized crime ring laundered stolen funds through luxury purchases. This case underscores security risks for Indian crypto holders storing assets in physical wallets.
Pantera says $321 billion tokenization market remains in ‘newspaper-on-a-website’ phase despite 60% growth
Pantera Capital warns the $321 billion tokenization market remains immature, with 77.6% of assets merely wrapped tokens lacking genuine blockchain utility. Despite 60% growth, the sector mirrors early internet adoption—superficial digitization without substantive innovation. Real tokenization requires native blockchain integration, not cosmetic transfers. This assessment signals cautious sentiment among institutional crypto investors monitoring market maturity and genuine use-case development.
California man gets 78 months in prison for role in $250 million crypto theft ring
California man Marlon Ferro, 20, received 78 months in prison for orchestrating a $250 million crypto theft ring combining social engineering, hacking, and residential burglaries. The scheme targeted wealthy crypto holders, stealing hardware wallets and laundering proceeds through exchanges. Ferro must pay $2.5 million restitution. The case underscores rising crypto crime, with fraud losses hitting record $11.3 billion annually.