Crypto

DeFi TVL falls 39 percent in 2026 amid market slump and record hacking

Total value locked in decentralised finance has fallen about 39 percent so far this year to a little over $70 billion. Cointelegraph reported that deposits, which were about $115 billion at the start of the year, dropped sharply amid a broad market correction and repeated hacks. CryptoRank cited the post-October 2025 pullback after a market peak and large-scale liquidations. It said 121 hacks were recorded, causing about $942 million in losses.

Crypto

Kalshi seeks funding at $40 billion valuation

U.S. prediction market platform Kalshi is seeking to raise new funds at a valuation of $40 billion. The investment could be completed as soon as the third quarter of this year. If the deal goes through, Kalshi’s valuation would rise to nearly double from $22 billion in May, when it raised $1 billion in a Series F round led by Coatue Management with participation from Andreessen Horowitz, Sequoia Capital, Morgan Stanley and Ark Invest.