Tag: Report

Crypto PAC Fellowship Halts Support of Texas AG for Senate: Report

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The Fellowship political action committee (PAC), which launched claiming to have more than $100 million from crypto-aligned backers, has reportedly backed out of an advertising deal to support Texas Attorney General Ken Paxton in a crucial US Senate race. According to a Thursday report from Axios, Republican leaders contacted US Commerce Secretary Howard Lutnick on his connections to Fellowship, which has been partially funded by Cantor Fitzgerald. Lutnick, as the former president and CEO and whose sons are now in charge of the financial services company, reportedly faced questioning from…

Crypto Firms Report Flood of AI-Driven Bug Bounty Submissions

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Crypto protocols have warned that an increase in AI use has led to a flood of bogus bug bounty submissions, putting a strain on teams trying to identify real threats to their protocols.  Bug bounties are a system to reward “good” hackers for submitting reports about potential vulnerabilities and are popular in the crypto industry. AI has now made it easier to sift through large amounts of code to find possible bugs, though AI is also known to hallucinate.  “AI is changing the way that bug bounty programs must operate,”…

Kalshi Eyes Crypto Perpetual Futures Expansion: Report

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Prediction market exchange Kalshi is reportedly preparing to expand into cryptocurrency trading by introducing perpetual futures contracts, marking a major shift beyond its core event-based derivatives business. In a Tuesday report, The Information cited people familiar with the matter as saying Kalshi plans to offer perpetual futures — commonly known as “perps” — on cryptocurrencies such as Bitcoin (BTC). Source: Walter Bloomberg Perpetual futures are a type of derivative contract that allows traders to speculate on price movements without an expiration date.  Unlike traditional futures, which must be rolled over…

Crypto Scam Targets Stranded Ships in Strait of Hormuz: Report

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Fraudulent actors posing as Iranian authorities have reportedly sent messages to shipping companies whose vessels remain stranded west of the Strait of Hormuz, demanding payment in cryptocurrency for safe passage. On Monday, maritime risk company Marisks issued a warning saying unknown groups had contacted shipowners claiming to represent Iranian security services and requesting transit “fees” in Bitcoin (BTC) or USDt (USDT) in exchange for clearance through the strait, according to Reuters. “These specific messages are a scam,” Marisks reportedly said, adding that they do not originate from Iranian authorities. Tehran…

Polymarket in Talks to Raise $400 Million at $15 Billion Valuation: Report – Bitcoin News

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Key Takeaways: Polymarket is reportedly in advanced talks to raise $400 million at a $15 billion valuation, per The Information. ICE has already invested over $1.6 billion in Polymarket since October 2025, building on an $8 billion pre-money deal. Polymarket hit a record $10.57 billion in monthly trading volume in March 2026, with expansion capital next. Polymarket Seeks $400M Funding Round, According to The Information Sources The Information report cited people familiar with the matter and noted that the round has not been finalized, meaning terms could still change. Polymarket…

Polymarket Looks to Raise $400M at $15B valuation: Report

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Prediction market platform Polymarket is reportedly in talks with investors to raise another $400 million in fresh capital, The Information reported Monday. The $400 million raise would be made at a $15 billion valuation, The Information said, citing two people familiar with the matter.  The raise would add to a wave of institutional capital flowing into the predictions market space in recent months. New York Stock Exchange parent Intercontinental Exchange (ICE) invested $600 million into Polymarket in late March, while competitor platform Kalshi’s valuation was marked at about $22 billion…

Aluminum Giant Alcoa to Sell Dormant Smelter to Bitcoin Miner NYDIG: Report

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US aluminium giant Alcoa is reportedly nearing a deal to offload its long-idle Massena East smelter in upstate New York to Bitcoin mining firm New York Digital Investment Group (NYDIG). The company is in advanced discussions and expects the transaction to close “in the middle part of this year,” CEO Bill Oplinger told Bloomberg on Friday. The site, located along the St. Lawrence River, has been inactive since 2014 after Alcoa shut it down amid rising energy costs and global competition. Built for 24/7 heavy industrial operations, aluminum smelters come…

Flow Capital to Tokenize $150M Private Credit Fund on Blockchain: Report

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Flow Capital Partners is planning to tokenize its private credit fund through Singapore-based DigiFT, Bloomberg reported Friday, as the Hong Kong credit manager looks to tap blockchain-based distribution for its next capital raise. According to the report, Flow Capital plans to bring its $150 million private credit fund on the blockchain through Singapore-based tokenization platform DigiFT by the end of April, seeking to raise an additional $30 million in tokenized shares by the end of 2026, Jacky Tian, chief investment officer of Flow Capital, said. The $30 million raise is…

Kalshi to Create ‘Portal for Parents‘ on Prediction Markets: Report

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CEO Tarek Mansour said in an interview that Kalshi would prevent kids from using a parent’s ID to skirt its age restrictions by launching a parent portal and AI verification. Kalshi co-founder and CEO Tarek Mansour reportedly announced a new strategy for the prediction markets platform to crack down on minors illegally using its services. According to a Wednesday Semafor report, Mansour said that Kalshi was launching a “portal for parents” to submit their identification to check whether their children were using the platforms under their names. There have been…

Non-crypto Assets Trading Makes Up Nearly 40% of Bitget’s Volume in Q1 2026, Report Highlights – Press release Bitcoin News

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PRESS RELEASE. Victoria, Seychelles, April 14, 2026 — Bitget, the world’s largest Universal Exchange (UEX), has released its Q1 2026 Transparency Report, highlighting a clear shift in trading behavior as users increasingly move across crypto and traditional markets within a single account environment. The quarter saw non- crypto assets trading expand significantly on Bitget, with its share of total volume reaching 20% – 40% by the end of March, driven largely by commodities. This compares to early January, when crypto dominated nearly all trading activity, before moderating to approximately 60%…