Crypto VC funding: Kalshi raises $1b, HIVE secures $129m loan

Crypto and crypto-linked companies announced at least $1.24 billion across 10 disclosed financings during Oct. 24–30, led by Kalshi’s $1 billion Series G, while Ibis unveiled a separate $250 million institutional lending facility. Summary Ten disclosed financings totaled approximately $1.24 billion, with Ibis announcing separate institutional lending capacity. Kalshi secured $1 billion at a $40 billion valuation from Wellington, Sequoia, and other investors. HIVE’s BUZZ subsidiary arranged approximately $129 million in debt for Canadian AI infrastructure. PhotonPay raised $40 million to expand its stablecoin payments and financial services platform. Smaller rounds backed compliance software, tokenized credit, cross-chain trading and brokerage infrastructure. HIVE’s AI infrastructure loan and PhotonPay’s stablecoin payments round followed Kalshi among the largest transactions. The disclosed deal tally includes debt and Luxor’s secondary share sales alongside startup investment. Crypto Fundraising and CryptoRank provided the starting deal lists, checked against company announcements, and reported on individual transactions. Kalshi raises $1 billion to expand its exchange Kalshi annou...