Kalshi in advanced talks to raise new funding at $40B valuation: Reuters
Related
Data center operator Crusoe is in talks to raise $3 billion, potentially raising its valuation to $30 billion.
According to a Bloomberg report citing sources familiar with the matter, Crusoe is in talks to raise approximately $3 billion in funding on July 4th, potentially tripling its previous valuation. Crusoe is an emerging data center operator that has already signed contracts with companies like Meta and Oracle to provide AI computing power. The sources indicated that the company focuses on building and operating large data centers that support AI systems. Funding negotiations are ongoing, and the final valuation has not yet been determined. The sources requested anonymity because the discussions are not public. However, investors expect Crusoe's valuation to reach approximately $30 billion after this round of funding. In comparison, the company's valuation was approximately $10 billion last October. Click the original link below to join the Beating · Lark AI news channel for 24/7 monitoring of global AI hotspots and news.
Crypto-friendly bank Erebor Bank plans to raise new funding at a valuation of at least $8 billion.
PANews reported on July 2nd that, according to Bloomberg, Erebor Bank, founded by Palmer Luckey, is in talks with investors for a new round of funding, targeting a valuation of at least $8 billion, nearly double its $4.35 billion valuation at the end of last year. Sources familiar with the matter said the bank's deposits have increased from $1.1 billion to $4.05 billion in the past three months, with nearly 400 new customers, and it expects to become profitable this year. Erebor focuses on serving companies in the defense technology and cryptocurrency sectors and has already obtained a national banking license from the Office of the Comptroller of the Currency. Previous investors include Lux Capital, 8VC, Andreessen Horowitz, and Founders Fund.
Silicon Valley AI startup Higgsfield AI is seeking $300-500 million in funding, with a target valuation of $5 billion.
Odaily Odaily reports that Silicon Valley AI startup Higgsfield AI is in talks to raise $300 million to $500 million, targeting a pre-money valuation of $5 billion. If the funding round is completed at the target valuation, it would represent more than four times the company's valuation of approximately $1.3 billion in January 2026. Higgsfield has raised a total of $138 million to date, with investors including Accel and Menlo Ventures. This latest funding round is reportedly more than three times the size of its previous total funding. (Cryptobriefing)
Tensions Flare as CME, Kalshi Execs Clash Over Prediction Markets in DC
CME Group Chairman Terry Duffy and Kalshi co-founder Luana Lopes Lara traded barbs during a CFTC meeting over prediction markets, manipulation, and regulatory standards.
Blue Origin raises $10 billion at a valuation of $130 billion.
Blue Origin reportedly raised $10 billion at a valuation of $130 billion, with Bezos contributing $2 billion. (Cailian Press)
M1X, a platform for tokenizing sovereign debt, has raised $5.5 million in seed funding, led by Paradigm.
ChainCatcher reports that M1X Global, a startup specializing in tokenized sovereign debt, has raised $5.5 million in seed funding, led by Paradigm with participation from Breed VC and others. M1X Global previously partnered with the Republic of the Marshall Islands to assist in the issuance of the on-chain sovereign debt instrument USDM1. This product is a USD-denominated, 1:1 backed by US Treasury bonds, and natively issued by the sovereign nation on a public blockchain. USDM1 was initially issued on Stellar and is currently also available on Canton and Solana. Jordan Goldman, President and COO of M1X, stated that sovereign debt is one of the largest asset classes globally, but prior to USDM1, it did not exist in a native on-chain form. The company aims to establish USDM1 as on-chain sovereign collateral and expand its use in regulated financial markets. The initial application scenario for USDM1 is the disbursement of domestic government aid. Marshall Islands citizens can receive funds through the Lomalo wallet, enabling payments to be completed within seconds without relying on traditional correspondent banking networks. M1X also stated that the recent integration with Bank of Guam, an insurance bank under the U.S. FDIC, further connects USDM1 to regulated banking infrastructure.