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View More NewsUS-based prediction market platform Kalshi is reportedly in talks to raise funds at a $40 billion valuation, nearly doubling its $22 billion valuation in May.The company could close the new funding round as soon as the third quarter of this year, the Financial Times reported on Wednesday, citing people familiar with the matter. Kalshi closed a $1 billion Series F in May, led by Coatue Management, with participation from Andreessen Horowitz, Sequoia Capital, Morgan Stanley and Ark Invest. Its $22 billion valuation at the time was double the company’s $11 billion valuation in December and more than four times its $5…
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The latest and most fearsome round of fighting in the long shadow war with the Islamic Republic of Iran is not ending well for the United States and Israel. The ceasefire agreement signed by President Trump in Versailles on 17 June is not a full peace treaty, but Iran’s leaders have nonetheless greeted it as an unalloyed triumph. They had, they boasted, “through the imposition of their divine and iron will upon the humiliated American and Zionist enemies, demonstrated with strength that the enemy has no path other than accepting defeat and surrender.”Though salient details of the “memorandum of understanding”…
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Hyperliquid’s HYPE token is down 22% from its $75 all-time high, bringing its 2026 uptrend to a key test of support. Market participation has…
In brief Standard Chartered forecasts AAVE will rise ~50x from ~$70 earlier Wednesday to $3,500 by the end of 2030. The bank believes Aave…
Congress and the White House are reportedly working on a deal to reshape how Americans are allowed to speak online. In exchange for overriding some…
from the elon-is-a-walking-talking-chilling-effect dept We’ve been pointing out for years that the supposedly “free speech absolutist” Elon Musk is one of the most aggressive…
This is part of 1776 All-Stars, a series about Reason’s favorite American Founders. Read more here. Joanna Andreasson I do not know my favorite Founder’s…
Bitcoin BTC$64,252.15 has recently been flirting with a level that has historically proved a near-perfect entry point for bulls, generating handsome returns, crypto exchange…
Bitcoin (BTC) fell below $65,000 on Wednesday as traders predicted the impact of a key macro event.Key points:Bitcoin approaches the next Fed interest-rate decision…
Today’s guest is Matt Welch, editor at large at Reason and co-host of The Fifth Column podcast. Welch joins Nick Gillespie for a look…
The slide also lands on a sensitive instrument. STRC’s dividends prompted Strategy to sell bitcoin for the first time since it began accumulating bitcoin…
Jack Dorsey’s financial services firm Block rolled out a new suite of AI-native tools on Wednesday, which it says can execute around 15% of…
When Maryam Rahimi opened SoLIT Café in downtown Montreal five years ago, she says she never imagined she would spend so much time dealing…
The move marks a notable reversal from the start of the year, when the curve was steepening, a sign markets were pricing in rate…
