Tag: Xác minh Orb

Prediction market platform Kalshi has raised over $1 billion in funding, achieving a $22 billion valuation—double its previous round. The platform generates $1.5 billion in annual revenue, with trading volume growing 12x in just six months. Despite regulatory challenges, investors remain bullish on its growth prospects.

In response to persistent losses and market pressures, cryptocurrency exchange Gemini has reduced its workforce by approximately 30%, bringing headcount down to roughly 445 employees, and introduced AI tools to improve operational efficiency. The company reported a $585 million loss for 2025, despite generating $60 million in revenue for Q4—the loss continues to widen. Previously, Gemini exited multiple international markets and restructured its executive leadership; this latest contraction aims to accelerate the path to profitability.

Opera plans to replace its existing cash payment agreement with an allocation of 160 million CELO tokens—approximately 27% of the circulating supply. This move aims to strengthen the role of its self-custodial wallet, MiniPay, as a key participant on the Celo network, where it already serves over 14 million users. Voting rights associated with the tokens will be restricted to preserve governance balance.

After seven consecutive days of net inflows, bitcoin spot ETFs recorded a net outflow of $164 million on March 18. Fidelity’s FBTC saw the largest outflow at $104 million, while BlackRock’s IBIT experienced an outflow of $33.9 million. The total assets under management (AUM) of bitcoin spot ETFs currently stand at approximately $92.067 billion, with cumulative net inflows totaling $56.373 billion.

On March 18, Ethereum spot ETFs turned to a net outflow of $55.7 million, ending a previous streak of six consecutive days of net inflows. Among them, Fidelity's FETH saw the largest single-day net outflow, reaching $37.1 million; BlackRock's ETHB, however, recorded a slight net inflow of $1.12 million. Currently, the total net asset value of Ethereum spot ETFs is approximately $12.87 billion, with cumulative net inflows reaching $11.91 billion.

Crypto.com announced layoffs affecting approximately 12% of its workforce. CEO Kris Marszalek emphasized that AI transformation is imperative, stating that companies failing to act will be left behind. The company stated the layoffs aim to realign the business to adapt to enhanced AI capabilities, noting that only by combining top-tier AI tools and talent can new breakthroughs be achieved. This is the latest case in a recent series of cost-cutting measures within the digital finance industry.

This article explores how war impacts asset pricing, arguing that war is not a singular event but rather a trigger for asset repricing. It analyzes four types of war—Energy-Transport War, Risk-Appetite War, Sanctions-Payment War, and Supply-Chain-Physical War—and notes that each type causes markets to first reprice different variables—for instance, Energy Wars prompt immediate reassessment of crude oil prices. The author cautions against intuitive misjudgments such as 'buy gold during wartime' and instead advocates decomposing war into tradable variables and translating them into concrete investment positions. The core lies in identifying the 'first-order variable' to enable rational decision-making amid market noise.

The U.S. SEC has approved Nasdaq’s pilot program for tokenized stock trading, permitting qualified participants to settle stock transactions on-chain. Tokenized stocks share the same order book as traditional stocks and confer identical shareholder rights. This marks a significant step toward integrating traditional finance and blockchain, aiming to explore the feasibility of on-chain settlement while emphasizing that tokenized securities remain subject to existing securities regulations.

Kraken, the second-largest U.S. cryptocurrency exchange, has decided to postpone its multi-billion-dollar IPO plan due to unfavorable market conditions. Although the company has already filed its listing documents, it has opted to wait for a more favorable timing amid a weak crypto market, declining trading volumes, and cooling investor sentiment. While Kraken continues to expand its operations, this delay underscores that even top-tier platforms must exercise caution during the current cycle.

Binance has significantly lowered the thresholds for its VIP Program: the VIP 1 asset requirement has been reduced from $500,000 to $100,000, and the BNB holding and derivatives trading volume requirements have also been lowered accordingly. This move aims to attract more high-net-worth individuals and institutional participants, and includes adjustments to fee structures and rebate eligibility.

Bitcoin spot ETFs recorded net inflows for the seventh consecutive day, with a single-day net inflow of $199 million on March 17. BlackRock’s IBIT led with $169 million, followed closely by Fidelity’s FBTC. The ETFs’ total assets under management (AUM) now stand at $96.744 billion, with cumulative net inflows reaching $56.537 billion—representing 6.49% of Bitcoin’s total market cap.

On March 17, Ethereum spot ETFs recorded a net inflow of $138 million, marking the sixth consecutive day of net inflows. BlackRock’s ETHA and ETHB products drove the majority of the inflows, while Fidelity’s FETH saw net outflows. The total assets under management (AUM) of Ethereum spot ETFs now stand at $13.749 billion, representing approximately 4.89% of Ethereum’s total market capitalization.