Investor Confidence in Prediction Markets

According to a report by The Wall Street Journal, Kalshi has raised $185 million in a new funding round led by Paradigm, pushing its total valuation to $2 billion. Other participants included Sequoia Capital, Multicoin Capital, and several notable investors.

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Founded in 2018, Kalshi allows users to make predictions through contracts available on Robinhood Markets and Webull. CEO Tarek Mansour stated that the company will use the funds to expand its technology team and integrate its contracts into additional brokerages.

Regulatory Win Strengthens Kalshi’s Position

Unlike its rival Polymarket, Kalshi is federally regulated and authorized to operate within the United States. This provides a clear legal advantage, especially following a recent win in its legal battle with the CFTC. In May 2025, the regulator dropped its appeal, opening the door to greater acceptance of political prediction contracts in the U.S.

Both platforms gained significant traction during the 2024 U.S. presidential election, underscoring the public’s appetite for alternative forecasting tools.

Crypto, Politics, and Sports Forecasting

Kalshi offers markets on a range of topics—from Bitcoin and economics to sports and weather. Bloomberg Intelligence reported that in March and April 2025, 79% of Kalshi‘s trading volume came from sports predictions. However, these contracts have also led to legal challenges with certain state regulators.

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Solana’s Inflation Adjustment Proposal Rejected

Multicoin Capital co-founder Tushar Jain stated that despite the proposal failing, this was an important step for the Solana ecosystem and its governance process.

The vote saw participation from 910 validators, representing 74% of the staked supply. However, only 43.6% voted in favor, while 27.4% voted against and 3.3% abstained. The proposal required 66.67% approval to pass but received only 61.4%.

Solana’s X team emphasized that the voter turnout was higher than every U.S. presidential election in the last 100 years.

What Was the Proposal’s Goal?

SIMD-228 aimed to transition Solana’s inflation system from a fixed schedule to a dynamic, market-based model. The new system would adjust inflation rates based on staking participation to prevent excessive token issuance.

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Currently, Solana‘s annual inflation rate starts at 8%, decreasing by 15% per year until it reaches 1.5%. However, the new model could have reduced inflation by up to 80%. As of now, Solana’s inflation rate stands at 4.66%, with only 3% of the total supply staked.

High inflation can increase selling pressure, lower SOL’s price, and discourage network activity. The proposed system aimed to stabilize the network by adjusting inflation rates based on staking participation while encouraging more active use of SOL in DeFi.

How Did This Affect SOL’s Price?

The rejection of the proposal did not trigger significant volatility in SOL’s price. SOL dropped 1.5% on the day, falling just below $125. However, following the memecoin bubble burst, SOL has lost nearly 60% of its value over the past two months. Additionally, Solana’s network revenue has declined by over 90% due to reduced memecoin minting and trading activity.

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Sacks, who now serves as Trump’s White House AI & Crypto advisor, has publicly showcased his strong belief in Solana. During the 50th episode of the All-In Podcast in October 2021, Sacks revealed his early investments in Solana, emphasizing his confidence in the project despite its connection to the FTX collapse in 2022. Remarkably, Sacks held on to his assets, believing in Solana’s recovery and potential as a leading blockchain network.

In December 2023, during the 159th episode of the podcast, Sacks dismissed allegations that he sold his Solana holdings post-FTX, labeling such rumors as baseless. “We are happy campers,” he said, as Solana surged with an impressive annual return of 92%.

The crypto czar has also drawn attention for his bold claims about Solana’s future. Back in 2021, he highlighted the potential for Solana to flip Ethereum, becoming the dominant smart contract platform. While Ethereum remains a giant, Solana’s rapid ascent has been undeniable. Currently, Solana ranks as the fifth-largest cryptocurrency, boasting a market cap of $111 billion, following Bitcoin, Ethereum, Tether, and XRP.

Sacks’ connection to Multicoin Capital further underlines his commitment to Solana’s ecosystem. In 2018, he invested significantly in the firm alongside figures like Marc Andreessen. As a general partner at Craft Ventures, Sacks praised Multicoin for its deep understanding of emerging blockchain technology, calling them “technologists” who excel in the rapidly evolving crypto landscape.

With Sacks taking a prominent role as Trump’s crypto czar, his bullish stance on Solana is expected to shape future discussions in the blockchain and regulatory space. Solana’s continued growth under the endorsement of such influential figures suggests a bright horizon for the network and its supporters.

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Here’s a breakdown of the key factors driving Filecoin (FIL)’s growth:

1. Glif’s Liquid Staker Platform:

• Glif raised $4.5 million in seed funding from Multicoin Capital and other VCs.
• The funding will support the development of tools for earning yield on FIL, Filecoin’s “gas” token used to pay for storing and retrieving data on the network.
• Glif’s liquid staking token, iFIL, allows users to stake their FIL tokens and earn rewards.
• Glif aims to become the largest DeFi protocol on Filecoin by the time of the network’s major tech upgrade, nearly a year from now.
• Glif is also planning a points program that will reward users based on the value of their iFIL tokens.

2. How Glif Works:

• Glif offers “liquid leasing,” which is roughly equivalent to “liquid staking” on Ethereum.
• Both processes leverage computer networks to provide returns for token holders.
• While Filecoin does not have a proof-of-stake consensus mechanism, storage providers earn block rewards based on how much FIL they collateralize.
• Glif aims to bridge the gap between FIL holders and storage providers, connecting those who want to earn yield with those who provide it.
• Currently, holders receive a derivative token called iFIL, which represents a receipt for their staked funds, and the value of their iFIL increases as interest payments accrue.

3. Glif’s Goals:

• Glif’s target is to reach 100 million FIL delivered to storage providers within a few years.
• Currently, there are 10 million tokens locked up from 1600 depositors.
• Part of the success of the growth strategy may depend on the protocol’s points program, which is expected to launch later this quarter.
• Glif will reward users with points, allowing them to earn more iFIL based on how much value their participation in yield generation brings to the ecosystem.

4. The Future of Filecoin:

• According to a blog post shared with CoinDesk, more iFIL will be equivalent to more points.
• The blog post states: “The GLIF Protocol is designed to be decentralized, allowing its stakeholders to govern and manage it.”
• A source stated that the “temporary plan” will initially determine how many tokens are airdropped to users based on points.

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