Fr 8/5 | Daily Crypto & Macro News
Happy Friday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Over $253 million in crypto long positions were liquidated in the past 24 hours.
- Kalshi raised $1 billion at a $22 billion valuation led by Coatue, with backing from Morgan Stanley, Sequoia, and a16z, as it now represents over 90% of U.S. prediction market volume.
- Traders on Kalshi forecast Bitcoin could reach as high as $85,000 this month.
- China added to its state gold reserves for the 18th consecutive month.
- Agreements were reached between Iran and the…
The skinny
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