www.theinformation.com
Prediction market Polymarket is reportedly in talks to raise $400 million at a valuation of around $15 billion, according to The Information. The firm previously reached a $9 billion valuation in October 2025 as Intercontinental Exchange completed a $2 billion investment. Rival prediction market Kalshi saw its valuation double to $22 billion following a $1 billion raise last month.
LATEST NEWS
Decrypt
Ethereum surged by 28.9% following the Pectra upgrade, aiming to enhance user experience, scalability, and staking flexibility. The wider crypto market is up 3.5%, with top winners being Ethereum-based projects like Pepe and Virtuals.
Decrypt
Mohammed Azharuddin Chhipa was sentenced to 30 years for funneling over $185,000 in crypto to ISIS between 2019 and 2022. The funds were used to support ISIS members in detention camps and fighters in Syria.
Coindesk
Metaplanet plans to sell $21.25 million in bonds to buy more Bitcoin, following two recent $25 million bond sales. The bonds have no interest and mature on Nov. 9, as announced by the Tokyo-based firm. With 5,555 BTC, Metaplanet holds the 11th-largest Bitcoin stash among publicly-traded companies.
Decrypt
The Senate's failure to advance the GENIUS Act, a bill aimed at establishing a federal regulatory framework for stablecoins, has caused uncertainty over stablecoin oversight and digital asset legislation. Treasury Secretary Scott Bessent expressed disappointment, emphasizing the need for American leadership in the global digital assets race.
Decrypt
Steak ‘n Shake will start accepting Bitcoin at all U.S. locations from May 16, allowing customers to pay for items like milkshakes and burgers with BTC. This move will test Bitcoin's speed, cost, and usability in a high-volume, low-margin fast food setting.
Decrypt
Jeffy Yu, previously thought to have died by suicide, was discovered alive at his parents' home by a reporter. The 22-year-old claimed to have been doxxed and harassed, leading to his disappearance and the subsequent surge and plummet of the $LLJEFFY meme coin.
Decrypt
MARA Holdings reported a $533 million net loss in Q1, despite a 30% revenue increase and a 174% rise in Bitcoin holdings. The company's bottom line suffered due to a $510 million negative adjustment on the fair value of its Bitcoin holdings.
Decrypt
SEC Commissioner Caroline Crenshaw criticized the agency's settlement with Ripple Labs, stating it weakens crypto enforcement and harms investors. The settlement, which involves a $50 million payment, marks a shift in the SEC's approach to digital assets.
Decrypt
Bitcoin and altcoins surged due to expectations of interest rate cuts, renewed institutional demand, and a U.S.-U.K. trade deal. Despite the Fed's unchanged rates, markets anticipate a cut soon, with Bitcoin hitting $103,460.
Decrypt
Eurogroup President Paschal Donohoe discussed the EU's plan to expand AML regulation to include tracking cryptocurrency transfers. The new Anti-Money Laundering Regulation will require exchanges to identify users of self-hosted wallets.