Crypto Funding Deals Reach About $1.375 Billion Through Nov. 2

Crypto companies and projects disclosed about $1.375 billion across 13 funding deals through Nov. 2, with infrastructure accounting for 10 transactions as capital continued flowing to financial infrastructure and regulated digital financial services. Kalshi, a prediction market platform, raised $1 billion at a $40 billion valuation. HIVE Digital Technologies secured about $129 million in fixed-rate financing to expand its GPU computing infrastructure. Stablecoin payments provider PhotonPay closed a $40 million Series C round to grow its global payments and financial infrastructure. The funding activity came as U.S. technology and semiconductor shares pulled back sharply and crypto markets faced pressure.