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. 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.