Daily Cryptocurrency Updates

For today’s crypto happenings, we dive into important news that influences market dynamics and regulations.

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Major Funding for Kalshi

Kalshi, a US-based prediction marketplace, successfully closed a $300 million funding round aimed at extending its reach to over 140 countries. This Series D round was led by Sequoia Capital and Andreessen Horowitz (a16z), allowing the platform to solidify its position as a leader in global prediction markets.

Reportedly, Kalshi’s value now stands at $5 billion, a significant increase from earlier rounds. This funding is poised to enhance its international expansion efforts.

DeFi Protocols Under Scrutiny

In legislative developments, certain Senators from the Democratic Party proposed a “restricted list” for DeFi protocols they consider risky. Critics, including Jake Chervinsky, warn that such measures could severely stifle the decentralized finance sector, with calls for Know Your Customer regulations being a key component of the proposed framework.

Roger Ver’s Legal Situation

Roger Ver, sometimes called “Bitcoin Jesus,” is reportedly close to a deal with the US Department of Justice to resolve tax evasion charges. It is said that he may have to pay $48 million in owed taxes but could potentially avoid prison time following a string of negotiations, highlighted by New York Times reports.

Image of Roger Ver Source: Summer Mersinger

Stay tuned for more updates in this rapidly changing landscape!