Mysten Labs’ Abiodun says Sui processed over $1 trillion in stablecoin volume since August as it eyes free, private payments

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.

Kraken parent Payward agreed to acquire Hong Kong-based Reap Technologies for up to $600 million, expanding into stablecoin payments and B2B financial infrastructure. The deal, combining cash and stock at a $20 billion valuation, adds card issuance and cross-border payment capabilities to Payward Services platform. Expected to close mid-2026, this marks Payward's largest Asia infrastructure acquisition amid growing stablecoin adoption among fintech firms and businesses.

In the growing agentic economy, stablecoins are emerging as a key payment rail because of their low cost and programmability....