The predictions market platform announced two new hires related to state policy efforts and relations with the federal government. Predictions market platform Kalshi said it will open an office in Washington, D.C., and hire “talent from both sides of the aisle” as part of the company’s efforts to expand its US footprint. In a Monday notice, Kalshi said it had hired former Biden administration official John Bivona as the prediction market’s head of federal government relations, and Blake Bee, a former Amazon senior manager of state and local public policy. The move came as many bets on prediction markets such as Kalshi and Polymarket are under scrutiny by US federal lawmakers and state officials. Read more
The integration underscores how privacy-first networks are adapting to a stablecoin-dominated crypto economy. Circle has introduced a privacy-focused version of its USDC stablecoin on Aleo, highlighting a broader push by privacy-oriented blockchains to gain access to regulated, dollar-backed assets as demand for onchain privacy tools grows. Circle and Aleo announced Tuesday that USDCx on Aleo is now available via Circle’s xReserve, a reserve-backed issuance model that allows USDC (USDC) to be represented on additional blockchains without relying on third-party bridges. USDCx on Aleo is fully backed by USDC held in xReserve and is interoperable with USDC across other supported networks, including Ethereum and several major layer-1 and layer-2 blockchains where USDC is natively issued. Read more
The crypto payments company plans to expand its network across Latin America, Asia and Europe following the latest funding round. Mesh, a San Francisco–based crypto payments infrastructure company, raised $75 million in a Series C funding round led by Dragonfly Capital, bringing its total funding to more than $200 million and valuing the company at $1 billion. The round included participation from Paradigm, Moderne Ventures, SBI Investment, Coinbase Ventures and Liberty City Ventures, according to an announcement on Tuesday. Mesh said a portion of raised funds was settled using stablecoins rather than traditional banking rails. Mesh will use the funds to expand its crypto payments network across regions including Latin America, Asia and Europe, and to support product development. Read more
The UK is bringing its multi-year rulemaking process for crypto to a close and, in doing so, may surpass the US, which is currently bogged down trying to resolve the CLARITY Act. The UK’s top financial regulator is finalizing its framework for the crypto industry. The rulemaking process has been long, but industry observers note that the country has avoided the political tit-for-tat that is hampering the US CLARITY Act. On Jan. 23, the Financial Conduct Authority (FCA) released its final consultation. The public may now comment on its suggested framework, consisting of 10 regulatory proposals. The three-year process is expected to reach a conclusion in March, with full implementation by October 2027. The proposed rules have gone through multiple iterations since 2023, as some observers expressed concern that the UK would fall too far behind other countries in the crypto regulatory race. Read more
Traders said Ether was preparing for a breakout to new all-time highs, with $10,000 ETH price target in sight. Ether’s (ETH) was down 14% from its 2026 high above $3,200 and 41% below its $4,950 all-time high, reached in August 2025. Despite this drawdown, traders remain optimistic about the ETH price rising higher as long as a key support level is reclaimed. Key takeaways: Ether traders are bullish on a $10,000 ETH price despite a 41% drawdown from all-time highs. Read more