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Stablecoin Payment Company KAST Completes $80 Million Financing Round, Valued at $600 Million

2 hours ago

March 9th – Stablecoin payment firm KAST has raised $80 million in its latest funding round, valuing the company at approximately $600 million, per Bloomberg. Insiders note that as demand for "digital dollar account" offerings grows, venture capital firms are ramping up investments in related startups. KAST projects its Annual Recurring Revenue (ARR) will hit $100 million this year. The firm focuses on stablecoin-powered payment and account services, enabling users to settle transactions in U.S. dollars via blockchain networks. Industry insiders highlight that amid the ongoing expansion of stablecoin use cases, companies offering stablecoin payment and digital dollar account services are emerging as key targets for venture capital. Previously, BlockBeats reported that on December 12, 2024, KAST closed a $10 million seed round led by HongShan and Peak XV. Proceeds will fund the launch of savings products, expansion of remittance services, and buildout of stablecoin infrastructure.
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Strategy made a significant purchase last week, acquiring 17,994 bitcoins.

Official sources stated on March 9 that Strategy invested roughly $1.28 billion last week to expand its Bitcoin holdings by 17,994 BTC, with an average purchase price of approximately $70,946 per coin. As of March 8, 2026, Strategy holds a total of 738,731 BTC, with an aggregate cost of around $56.04 billion—equating to an average cost of about $75,862 per BTC.

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Polymarket to Allow Users to Bet on 'S&P 500' Price Movements

March 9 — Polymarket will launch binary options tied to the S&P 500 Index, per market reports, letting users wager on whether the index will rise or fall.

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Binance Research: Crude Oil Price May Have Topped, Risk Premium Could Gradually Erode

On March 9, Binance Research noted in a social media post that Brent crude oil has already factored in the long-term risk of the Strait of Hormuz closure at roughly $110 per barrel. Despite ongoing geopolitical tensions, various policies and market mechanisms haven’t fully kicked in—limiting further upside for oil prices and pointing to a range-bound scenario in the near term. If oil remains range-bound, the "stagflation" narrative tied to rising oil prices may weaken, potentially easing macro pressures on risk assets including cryptocurrencies. With selling pressure bottoming out, the crypto market is expected to find support or stage a rebound.

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Arthur Hayes Long Article Shill HYPE: Target Price of $150, This is the "Highest Quality Project in the Entire Market"

On March 9, Maelstrom Chief Investment Officer Arthur Hayes published a lengthy article detailing his bullish thesis on Hyperliquid’s token, HYPE. Hayes noted that despite current downward pressure on the crypto market, Hyperliquid—a leading perpetual futures decentralized exchange (DEX)—is poised to rebound its 30-day annualized revenue to its $1.4 billion peak within six months. The rebound will be driven by HIP-3’s permissionless listing mechanism, genuine trading depth, and large-scale token buybacks. He emphasized HYPE’s current price-to-earnings (P/E) ratio is just ~12x—far lower than traditional and crypto exchanges like Coinbase (26x) and CME (40x). If its P/E rebounds to 25x, combined with revenue growth, the August target price could hit $150—a 5x jump from its current ~$30. Hayes also noted the team’s monthly token allocation has plummeted from nearly 10 million tokens early on to ~140,000 recently, sharply reducing selling pressure. Maelstrom has been accumulating

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Analyst: Bitcoin Short-Term Holders Selling at a Loss, Market Still Under Pressure

On March 9, cryptocurrency market analyst Axel noted in a recent report that the Bitcoin Short-Term Holder SOPR (Spent Output Profit Ratio) has been below 1.0 for seven of the past eight days—indicating this cohort is systematically selling at a loss. Only on March 4, when BTC briefly touched $70,800, did the indicator edge above 1.0 before quickly falling back to loss-selling territory. Meanwhile, the Short-Term Holder Supply metric has dropped from roughly 6.06 million BTC to 5.92 million over the past two weeks—a total reduction of 140,000 BTC. This group’s average cost basis is around $89,028, while the current market price hovers near $67,175, marking a 24% gap and significant unrealized losses. Axel explained the supply decline could reflect two scenarios: either capitulation (realizing losses) or tokens naturally “maturing” into long-term holdings. The wide gap between cost basis and current prices has created a structural supply surplus. If prices rise, some short-term ho

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Binance Alpha will launch Nebula3 (SN3) on March 11.

March 9 — Official sources confirm Binance Alpha will list Nebula3 (SN3) on March 11. Eligible users can claim the airdrop via Alpha Points by visiting the Alpha event page once Alpha trading goes live.

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