Industry News

Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

A $20 Billion Valuation: Kalshi and Polymarket in an Arms Race?

A potential "arms race" is brewing in the prediction market sector, with industry leaders Polymarket and Kalshi each reportedly in funding talks at valuations around $20 billion. This represents a near doubling of their respective $12 billion and $11 billion valuations from late 2025. As of February 2026, the global prediction market has reached a cumulative notional trading volume of $127.5 billion. Polymarket leads with $56.07 billion, followed closely by Kalshi at $44.71 billion, together commanding 79% market share. Their growth trajectories differ: Kalshi has experienced explosive user growth, with monthly active users surging from 600,000 to over 5.1 million in 2025, while Polymarket's user growth has been steadier, peaking around 700,000 monthly active users. Kalshi's trading volume skyrocketed over 1100% in 2025, largely driven by sports contracts which account for 81% of its volume. It has secured key partnerships with platforms like Robinhood, which contributed over 50% of its volume in late 2025, and media outlets like CNBC and CNN. Polymarket maintains a stronghold in political and crypto event markets. It has formed significant partnerships with X (formerly Twitter), ICE (for a strategic investment up to $2 billion), and the UFC for exclusive prediction market data. Both platforms are also official partners of the NHL, and their data is integrated into Google's search and finance products. Their divergent strategies—Kalshi's focus on USD-compliant trading and Polymarket's crypto-native, global event coverage—are collectively pushing prediction markets into the mainstream as vital information and risk-management platforms. With potential new funding and major upcoming events like the World Cup and the US elections, both platforms are poised for a record-breaking year in 2026.

marsbit03/09 07:06

A $20 Billion Valuation: Kalshi and Polymarket in an Arms Race?

marsbit03/09 07:06

From Hardware-Software Integration to a Trillion-Scale Ecosystem: A Look into the 'China Core' of National-Level Blockchain Infrastructure

Amid the global evolution of fintech and Web3, China is forging a distinct path centered on national-level digital infrastructure, focusing on real-world asset (RWA) tokenization and large-scale blockchain adoption in the real economy. On March 5, 2026, at China’s National People’s Congress, Dong Jin, a deputy and director of the Beijing Academy of Blockchain and Edge Computing, announced a major breakthrough: the world’s first software-hardware integrated blockchain operating system and a dedicated 96-core blockchain acceleration chip. This "China Core" delivers a 50x performance improvement, overcoming computational bottlenecks in ultra-large-scale blockchain networks. It has already been deployed across 16 central government departments and 27 state-owned enterprises, supporting over 300,000 cross-border trade companies and processing trillions of yuan in trade volume, with hundreds of billions of invoices recorded on-chain. The chip uses ASIC-level design to offload cryptographic operations (like digital signatures and hashing) from general-purpose CPUs, drastically improving efficiency. This enables high-throughput, low-latency transaction processing—critical for applications like cross-department data sharing with privacy preservation, supply chain finance with real-time credit transfer, and automated cross-border trade settlements. The system supports high-concurrency scenarios such as invoice tracking and customs clearance, enabling real-time verification and smart contract execution. This infrastructure shift enhances transparency, reduces fraud, and facilitates automated financial services like instant lending. China’s blockchain strategy, now hardware-accelerated and deployed at national scale, marks a move toward a trusted, high-performance digital economy base—setting the stage for massive RWA digitization and new opportunities in data-driven finance.

marsbit03/09 04:17

From Hardware-Software Integration to a Trillion-Scale Ecosystem: A Look into the 'China Core' of National-Level Blockchain Infrastructure

marsbit03/09 04:17

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