Macro Finance
Crypto’s billions are back, but the premiums aren’t
Cointelegraph·October 2, 2026·1 min read
Kalshi seeks a $40 billion valuation, while Blockchain.com targets an IPO. Crypto treasury companies struggle to maintain their once-high valuations. Despite billions returning to the crypto sector, the premium valuations seen in previous cycles have not returned, reflecting a more cautious investor approach.
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