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Prediction market platform Kalshi announced the completion of a new round of $1 billion financing, led by Coatue Management, raising the company's valuation to $22 billion. Data shows that its monthly active users are about 2 million, with an annualized transaction volume of 178 billion US dollars, which has more than tripled in the past 6 months, and an annualized revenue of over 1.5 billion US dollars. This round of financing is Kalshi's third round completed within 7 months, with each round's valuation nearly doubling.

According to Treasure Global, a Nasdaq listed company, it will gradually deploy $100 million to establish a digital asset treasury reserve with ETH as its core, and plans to add more digital assets in the future. The company stated that the treasury will serve as a long-term capital allocation tool to support the development of digital financial infrastructure without changing its main business.

Grant Cardone stated that he currently holds Bitcoin worth $200 million. （Cointelegraph）

According to Bloomberg, Kraken has acquired Asia based stablecoin infrastructure company REAP for $600 million.

According to Coinbase, on May 7th, Coinbase will launch KAIO (KAIO) contract trading, and the KAIO-PERP market will open after meeting liquidity and regional support conditions.