According to @CoinMarketCap, prediction market platform Kalshi closed a $1 billion funding round led by Paradigm with participation from Sequoia, Andreessen Horowitz and ARK Invest, setting its valuation at $11 billion.

According to Eleanor Terrett, former North Carolina Congressman and Chair of the Financial Services Committee, Patrick McHenry, is joining Andreessen Horowitz (a16z) as a senior advisor for tech policy. This move could potentially influence regulatory perspectives within the cryptocurrency market, given McHenry's experience in financial services legislation.