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Perhaps the biggest profit from an attack in recent years?

Led by Sequoia Capital and a16z, Kalshi's valuation has soared to $5 billions.

A $60 million market sell-off resulted in a $1.93 billion market cap evaporation.

Leverage is not a profit multiplier, but simply a tool to improve capital efficiency.

The valuation of the US compliant prediction market platform Kalshi has surged to 5 billion dollars.

From a 14% premium to a 31% discount, see how Kerrisdale exposed the "premium private placement" lie.

In Brief XRP rises 8%, regains 30 billion dollars in market value. Dogecoin surges 11% with increased institutional entries. Observers watch key support and target levels for further price action.
- 11:09Hong Kong Legislative Council: Seeking Central Government Support to Develop Offshore RMB Stablecoin in Hong KongJinse Finance reported that on the afternoon of October 13, the Secretariat of the Hong Kong Legislative Council released the latest issue of "Special Express" titled "Latest Developments in Hong Kong's Fintech and Digital Assets." The report outlines how Hong Kong has leveraged technology for innovation and application in recent years in the fields of fintech, digital assets, green and sustainable finance, and cross-border finance, and summarizes related discussions and recommendations from the Legislative Council. Looking ahead, legislators suggest seeking support from the central government to develop an offshore RMB stablecoin in Hong Kong, and to boldly explore and practice in emerging financial fields such as digital assets and cryptocurrencies, fully utilizing Hong Kong's role as a "stablecoin testing ground."
- 11:09Huaxing Bank is in talks to set up a $600 million fund to invest in BNB, with participation from YZI Labs.According to ChainCatcher, Bloomberg reported that China Renaissance is in talks with investors to raise approximately $600 million, intending to set up a dedicated investment vehicle for investing in BNB. YZI Labs is expected to participate in this project.
- 11:09Bloomberg: China Renaissance Capital participated in the BNB Bullish Dinner, YZi Labs will co-invest $200 millionBlockBeats News, October 13, Bloomberg disclosed "China Renaissance plans to raise about $600 million for a dedicated BNB investment, YZI Labs expected to participate" with related details. According to a person familiar with the China Renaissance deal, YZi Labs, under CZ, hosted a bullish BNB executive dinner at the Shangri-La Hotel in Singapore in early October. Representatives from China Renaissance and other companies involved in establishing the BNB treasury also attended. The event was called "BNB Visionary Circle: Igniting the Next Trillion." Ella Zhang, head of YZi Labs, served as the host at the event. As one of China's most renowned bankers, China Renaissance founder Bao Fan had disappeared from public view for more than two years due to an investigation, resigned as chairman and CEO of China Renaissance in February 2024, and was released in August this year. According to sources, both parties will jointly invest $200 million in the deal. In a document from August, China Renaissance stated it would invest about $100 million in BNB tokens. YZi Labs' spokesperson declined to comment, and China Renaissance did not respond to requests for comment. If the fundraising is successful, the $600 million will be used to establish a crypto reserve (DAT) company in the United States to invest in BNB.