{"id":10677,"date":"2025-09-14T13:56:06","date_gmt":"2025-09-14T13:56:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/polymarket-kalshi-seek-funding-gemini-ipo-tether-unveils-usat-weekly-recap\/"},"modified":"2025-09-14T13:56:17","modified_gmt":"2025-09-14T13:56:17","slug":"polymarket-kalshi-seek-funding-gemini-ipo-tether-unveils-usat-weekly-recap","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/polymarket-kalshi-seek-funding-gemini-ipo-tether-unveils-usat-weekly-recap\/","title":{"rendered":"Polymarket, Kalshi seek funding; Gemini IPO; Tether unveils USAT | Weekly Recap"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Crypto markets grabbed headlines last week, from billion-dollar fundraising pushes at Polymarket and Kalshi to Gemini going public. <\/p>\n<p class=\"is-style-default\">Tether also staked its claim in the U.S. with a new regulated stablecoin, Coinbase turned up the heat on regulators, and Binance deepened Wall Street ties with Franklin Templeton. <\/p>\n<p class=\"is-style-default\">Meanwhile, Avalanche and HashKey unveiled ambitious treasury plans, OpenSea edged closer to its long-awaited token, and Michael Saylor\u2019s firm continued to pile into Bitcoin as German authorities faced scrutiny over a missed multibillion-dollar BTC haul.<\/p>\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\">\n<p>Table of Contents<\/p>\n<nav>\n<ul>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#prediction-platforms-target-billion-dollar-valuations\">Prediction platforms target billion-dollar valuations<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#geminis-public-debut-exceeds-market-expectations\">Gemini goes public, exceeds market expectations<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#tether-introduces-us-regulated-stablecoin-infrastructure\">Tether introduces US-regulated stablecoin infrastructure<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#coinbase-pursues-genslers-deleted-communications\">Coinbase still hung up on Gensler<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#avalanche-foundation-plans-billion-dollar-treasury-initiative\">Avalanche Foundation plans billion-dollar treasury<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#binance-partners-with-franklin-templeton-on-tokenization\">Binance partners with Franklin Templeton<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#german-authorities-miss-substantial-bitcoin-seizure\">Defunct Movie2K still has 47k Bitcoin<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#open-sea-advances-token-generation-preparations\">OpenSea advances token generation preparations<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#strategy-maintains-bitcoin-accumulation-pace\">Strategy maintains Bitcoin accumulation pace<\/a><\/li>\n<li><a rel=\"nofollow\" target=\"_blank\" href=\"#hash-key-launches-digital-asset-treasury-fund\">HashKey launches digital asset treasury fund<\/a><\/li>\n<\/ul>\n<\/nav>\n<\/div>\n<h2 class=\"wp-block-heading\" id=\"prediction-platforms-target-billion-dollar-valuations\">Prediction platforms target billion-dollar valuations<\/h2>\n<ul class=\"wp-block-list\">\n<li>Polymarket received offers valuing the company at up to $9 billion.<\/li>\n<li>Kalshi is simultaneously exploring capital raising opportunities at a $5 billion valuation.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"geminis-public-debut-exceeds-market-expectations\">Gemini\u2019s public debut exceeds market expectations<\/h2>\n<ul class=\"wp-block-list\">\n<li>The cryptocurrency exchange raised $425 million through its initial public offering, with shares opening at $37.01 on Nasdaq, which is 32% above the $28 pricing level.<\/li>\n<li>Trading reached intraday highs of $45.89 before closing at $32 and valuing Gemini at around $3.3 billion.<\/li>\n<li>The IPO pricing surpassed both the week\u2019s expected range of $24-26 and the initial range of $17-19.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\" id=\"tether-introduces-us-regulated-stablecoin-infrastructure\">Tether introduces US-regulated stablecoin infrastructure<\/h2>\n<ul class=\"wp-block-list\">\n<li>The world\u2019s largest stablecoin issuer unveiled USAT, a dollar-backed token compliant with US regulations.<\/li>\n<li>The company also appointed former White House crypto advisor Bo Hines to lead American operations.<\/li>\n<li>Anchorage Digital will serve as the federally regulated issuer while Cantor Fitzgerald manages reserve assets<\/li>\n<li>Hines, previously director of President Trump\u2019s Crypto Council, will oversee Tether\u2019s new US entity as the company expands into regulated American markets.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"coinbase-pursues-genslers-deleted-communications\">Coinbase still hung up on Gensler<\/h2>\n<ul class=\"wp-block-list\">\n<li>On <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/assets.ctfassets.net\/sygt3q11s4a9\/2gMJqYYxjrajLXf2vPtGL\/28f726593a4821929a2943aac72f547f\/37.pdf\" target=\"_blank\" rel=\"nofollow\">Sept. 11<\/a>, the exchange requested federal court intervention for an \u201cexpedited, proper search\u201d of former Securities and Exchange Commission (SEC) Chairman Gary Gensler\u2019s erased text messages spanning one year.<\/li>\n<li>Coinbase chief legal officer Paul Grewal <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/iampaulgrewal\/status\/1966193455165837682\">addressed<\/a> the matter on X: \u201cThe Gensler SEC destroyed documents they were required to preserve and produce. We now have proof from the SEC\u2019s own Inspector General.\u201d<\/li>\n<li>Gensler stepped down as SEC Chair on Jan. 20. On Feb. 27, the SEC dismissed all civil enforcement action against Coinbase. <\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"avalanche-foundation-plans-billion-dollar-treasury-initiative\">Avalanche Foundation plans billion-dollar treasury<\/h2>\n<ul class=\"wp-block-list\">\n<li>The blockchain foundation aims to raise $1 billion for two cryptocurrency treasury companies holding substantial AVAX (AVAX) token positions purchased at discounted rates.<\/li>\n<li>The structure would allow the foundation to monetize its token holdings and also create institutional investment vehicles for AVAX exposure.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\" id=\"binance-partners-with-franklin-templeton-on-tokenization\">Binance partners with Franklin Templeton<\/h2>\n<ul class=\"wp-block-list\">\n<li>The world\u2019s largest cryptocurrency exchange announced a collaboration with the $1.6 trillion asset manager to develop tokenized asset products<\/li>\n<li>The partnership combines Franklin Templeton\u2019s securities tokenization experience with Binance\u2019s global trading infrastructure and distribution networks.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"german-authorities-miss-substantial-bitcoin-seizure\">Defunct Movie2K still has 47k Bitcoin<\/h2>\n<ul class=\"wp-block-list\">\n<li>Arkham Intelligence <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/arkham\/status\/1964055977432666440\" target=\"_blank\" rel=\"nofollow\">revealed<\/a> that piracy website Movie2K retains 45,000 Bitcoin (BTC) that German authorities \u201cfailed to seize\u201d during early 2024 confiscation operations involving nearly 50,000 Bitcoin.<\/li>\n<li>The blockchain analytics firm identified additional wallets likely connected to Movie2K, which operated between 2008 and 2013 before shutting down.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"open-sea-advances-token-generation-preparations\">OpenSea advances token generation preparations<\/h2>\n<ul class=\"wp-block-list\">\n<li>The NFT platform entered the \u201cfinal phase\u201d of pre-token generation event rewards, with additional details scheduled for release in early October.<\/li>\n<li>The announcement coincides with OpenSea\u2019s mobile app release, integrating on-chain trading capabilities with traditional NFT marketplace functions.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"strategy-maintains-bitcoin-accumulation-pace\">Strategy maintains Bitcoin accumulation pace<\/h2>\n<ul class=\"wp-block-list\">\n<li>Michael Saylor\u2019s company purchased 1,955 BTC for $217.4 million at an average price of $111,196 per Bitcoin during the latest acquisition period.<\/li>\n<li>Total holdings reached 638,460 Bitcoin, maintaining Strategy\u2019s position as the largest publicly traded corporate Bitcoin holder.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"hash-key-launches-digital-asset-treasury-fund\">HashKey launches digital asset treasury fund<\/h2>\n<ul class=\"wp-block-list\">\n<li>The Hong Kong-regulated exchange announced plans for a $500 million investment fund targeting digital asset treasury companies holding mainstream cryptocurrencies.<\/li>\n<li>Initial focus will concentrate on Bitcoin and Ethereum (ETH) treasury operations, building a diversified portfolio of corporate cryptocurrency holders.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto markets grabbed headlines last week, from billion-dollar fundraising pushes at Polymarket and Kalshi to Gemini going public. Tether also staked its claim in the U.S. with a new regulated&hellip;<\/p>\n","protected":false},"author":1,"featured_media":809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=10677"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10677\/revisions"}],"predecessor-version":[{"id":10678,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10677\/revisions\/10678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/809"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=10677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=10677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=10677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}