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Games & Commerce

Instacart pursues sale, holds early talks with DoorDash and Uber

U.S. grocery delivery app Instacart is pursuing a sale, The Information reported on Oct. 23. The report said Instacart, valued at $12 billion, is reviewing sale options with investment banks and has held at least early-stage talks with DoorDash and Uber. A deal is uncertain, and an Uber official said discussions with Uber are not currently under way. The report said antitrust review could be an obstacle.

Crypto

Necta Group raises $5 million seed funding for HoneyB bitcoin yield platform

Necta Group, which develops the HoneyB bitcoin yield platform, has raised $5 million in a seed funding round. The Block reported that Portal Ventures led the investment, joined by Pier Venture Partners, Anchorage Digital Ventures, family offices and angel investors. Necta Group received the investment through a SAFE structure with token warrants on a one-to-one basis. HoneyB lets bitcoin holders borrow stablecoins against bitcoin and invest in assets including U.S. Treasuries.

Crypto

Phantom launches Kalshi prediction market service in U.S., trades in stablecoin

Crypto wallet provider Phantom is offering U.S. users access to Kalshi’s prediction market service, The Block reported on Thursday. Users can trade contracts that bet on event outcomes directly in the Phantom app. The rollout begins on Thursday and will expand over several weeks. Users must complete Kalshi’s know-your-customer checks and fund trades with Phantom’s dollar-pegged stablecoin, Cash (CASH), which is converted to fiat for settlement.