Crypto venture capital funding soared to $10 billion in Q2 2025, the highest since early 2022, driven by Bitcoin’s rally above $100,000 and a thaw in risk appetite. June alone accounted for $5.14 billion, the highest monthly tally since January 2022. Major investors included Coinbase Ventures, which executed 25 deals, while firms like Strive Funds and TwentyOneCapital secured large raises. Seed-stage deals dominated at 19%, but Series A and strategic rounds grew steadily. M&A interest also rose as distressed opportunities emerged, while blockchain services outpaced DeFi and CeFi in monthly fundraising.
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US National Debt to Hit $46T by 2029, Predicts Kalshi
According to Kalshi, a decentralized prediction platform, the US national debt is projected to grow from $36 trillion to $46 trillion by 2029—an increase of $10 trillion during President Trump’s potential term. The platform has launched a live debt tracker, highlighting the failure of both Democrats and Republicans to curb government spending. This forecast underscores growing concerns over fiscal sustainability and the long-term economic impact of unchecked debt accumulation.
read morePolymarket & Kalshi Hit $1B+ Valuations, Ethereum Prover Unveiled
Prediction market platforms Polymarket and Kalshi have achieved significant valuations of $1 billion and $2 billion respectively, signaling growing investor confidence in alternative financial platforms. In technical developments, Matter Labs unveiled a new single-GPU Ethereum prover, promising faster transaction verification. On the governance front, Jupiter has temporarily suspended DAO voting due to internal turmoil, even as the platform prepares for upcoming product releases. These developments highlight the rapid evolution of crypto markets, from infrastructure improvements to governance challenges in decentralized organizations.
read moreCrypto Startups Raise $1.15B in June, Signaling Growth
In June, crypto and Web3 startups secured $1.15B across 140 deals, reflecting a 3% increase in capital and a 9% rise in deal count compared to May. Key beneficiaries included Kalshi ($185M) and Digital Asset ($135M), while private token sales also surged. Innovations like Zama FHE’s $57M Series B round underscore investor interest in foundational tech. Meanwhile, BTCBULL Token ($BTCBULL) offers a presale opportunity tied to Bitcoin’s growth, featuring airdrops, token burns, and staking rewards. The presale ends soon, with potential high returns for early investors. The sector’s momentum signals robust growth and institutional confidence.
read moreTesla Shares Drop Amid Trump-Musk Subsidy Clash
Tesla’s stock dropped 5% in pre-market trading following a heated exchange between Elon Musk and Donald Trump over potential electric vehicle (EV) subsidy cuts. Trump criticized Musk’s reliance on subsidies, suggesting their removal could force Tesla to shut down, while Musk challenged Trump to proceed with the cuts. The conflict has fueled speculation about Musk forming a new political party, with betting odds on Kalshi surging to 40%. The market reaction highlights the sensitivity of Tesla’s valuation to government support and political rhetoric.
read moreKalshi Hits $2B Valuation with $185M Series C Funding
Kalshi, a regulated crypto prediction market platform, has raised $185 million in a Series C funding round led by Paradigm, achieving a $2 billion post-money valuation. The round saw participation from Sequoia, Multicoin, and Citadel Securities, among others. CEO Tarek Mansour emphasized the company’s ambition to build a dominant financial market, with funds earmarked for scaling its tech team and broker integrations, including partnerships with Robinhood and Webull. Kalshi’s legal compliance under CFTC regulation gives it an edge over rival Polymarket, which faces bans in multiple jurisdictions. However, state regulators in Nevada and New Jersey are challenging Kalshi’s sports betting operations. Meanwhile, prediction market volumes have declined post-election, pushing Kalshi to pivot toward sports betting, which now dominates its trading activity.
read moreKalshi Hits $2B Valuation with $185M Series C Led by Paradigm
Kalshi, a prediction markets startup, has raised $185 million at a $2 billion valuation in a Series C round led by Paradigm, with participation from Sequoia, Multicoin, and others. The funding solidifies Kalshi’s unicorn status as it expands into crypto, including Web3 integrations with ZeroHash to accept Bitcoin, USDC, Worldcoin, and Solana. The platform has seen surging demand for event contracts, notably in political markets, with over $875 million traded in November 2024. Kalshi’s growth mirrors broader traction in prediction markets, as rival Polymarket also reportedly nears a $1B+ valuation. The startup recently won regulatory approval for political event contracts after a prolonged CFTC battle.
read morePolymarket Hits $1B Valuation Despite US Regulatory Hurdles
Polymarket, an on-chain prediction market, is nearing a $200 million Series C funding round led by Founders Fund, pushing its valuation to $1 billion. The platform, which allows users to bet on events ranging from politics to pop culture, has seen explosive growth, with monthly active traders peaking at 475,000 during the U.S. election. However, U.S. regulators remain a significant hurdle, as the platform is geoblocked due to past legal issues with the CFTC. Founders Fund’s substantial investment signals strong belief in Polymarket’s potential, despite the regulatory risks. The platform’s success hinges on whether it can navigate these challenges and tap into the lucrative U.S. market, which remains off-limits for now.
read morePolymarket Predicts NYC Mayoral Primary Win, Nears $200M Funding
Polymarket, a blockchain-powered prediction platform, correctly predicted progressive candidate Zohran Mamdani’s unexpected win in the New York City Democratic mayoral primary, outperforming traditional polls. Traders swiftly shifted their bets toward Mamdani following an Emerson College poll, with one user earning approximately $268,000 from a high-stakes wager. The platform’s success has reignited interest in decentralized prediction markets, coinciding with reports of Polymarket closing a $200 million funding round at a valuation exceeding $1 billion, led by Founders Fund. This development highlights the increasing credibility and institutional backing for blockchain-based forecasting tools, which have demonstrated superior accuracy compared to conventional methods in recent elections.
read morePolymarket & X Launch Real-Time Market Insights Tool
Polymarket and X unveiled a new real-time market insights tool on Friday, integrating data from X and Polymarket’s event contracts. The tool leverages xAI’s Grok chatbot and relevant X posts to explain market movements instantly. This marks the first of several planned integrations between the two companies, reflecting a broader trend of traditional tech firms embracing digital assets. Polymarket, which saw record trading volumes during the U.S. election season, continues to expand its influence in prediction markets.
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