News · Crypto · Cointelegraph · Fri, Oct 2, 2026 4:00 PM
Kalshi targets $40B; Blockchain.com IPO; crypto treasury hit headwinds
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Kalshi seeks a $40B valuation, Blockchain.com plans an IPO, while crypto treasury firms struggle to sustain their earlier high valuations.
Kalshi, the U.S. exchange‑traded derivatives platform, is pursuing a $40 billion valuation in its next funding round.
Blockchain.com is preparing for an initial public offering, positioning itself among the few crypto‑focused firms moving toward public markets.
Meanwhile, several crypto treasury companies that once boasted lofty valuations are finding it harder to sustain those levels as market sentiment shifts.
Market context
Based on reporting from Cointelegraph. Read the original.
OpenBook analysis
Market impact
Kalshi’s $40 billion valuation bid may signal renewed investor appetite for regulated crypto derivatives, potentially affecting fintech and exchange-traded products. Blockchain.com’s IPO plans could signal a broader trend toward public listings in the crypto infrastructure sector, influencing tech and blockchain equities. The valuation headwinds faced by crypto treasury firms may dampen investor enthusiasm for crypto-asset-related companies, affecting funding flows in the sector.
General market context for education only, not investment advice.
This briefing was summarized with automated tools from public reporting by Cointelegraph and is general market information, not investment advice. Editorial policy & corrections