Crypto’s billions are back, but the premiums aren’t

Kalshi seeks a $40 billion valuation, while Blockchain.com targets an IPO and crypto treasury companies struggle to maintain their once-high valuations. Crypto companies are raising billions again, but investors are no longer handing out premiums indiscriminately. Kalshi is reportedly seeking $1 billion at a $40 billion valuation, nearly twice what it was worth in May….

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Circle urges EU to revise stablecoin reserve rules in MiCA review

Circle wants the EU to replace mandatory bank-deposit minimums with more flexible liquidity rules and preserve cross-border stablecoin issuance. Stablecoin issuer Circle urged the European Commission to revise reserve requirements in its response to a consultation on reviewing the Markets in Crypto-Assets Regulation (MiCA). In Thursday’s summary of its response, the USDC and EURC issuer…

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Bitcoin reaches for $87K as short liquidations top $120M

Bitcoin buyers broke through a wall of ask liquidity to reach new October BTC price highs near $87,800, with the area immediately above now a new resistance hurdle. Bitcoin (BTC) neared $87,000 on Friday as BTC short liquidations topped $120 million over 24 hours. Key points: Data from TradingView showed BTC/USD reaching $86,857 on Bitstamp…

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South Korea advances tokenized securities rules ahead of 2027 rollout

South Korea’s financial regulator proposed detailed rules for tokenized securities, including capital requirements, OTC trading licenses and retail investment limits. South Korea’s Financial Services Commission has proposed detailed regulations for issuing and trading tokenized securities as the country’s regulatory framework is set to take effect in February 2027. The changes would allow stocks, bonds, funds…

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