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Jinse Finance reported that the crypto wallet application Phantom announced on X that it has launched Phantom Prediction Markets, a prediction market supported by Kalshi. This platform allows users to participate in prediction trading in areas such as sports, cryptocurrency, and culture. The service is expected to be rolled out to eligible users in the coming week.

Jinse Finance reported, citing Bloomberg, that Tether plans to raise up to 20 billions USD through a stock offering and will consider tokenizing the shares after the sale is completed. According to sources familiar with the matter, Tether executives are considering various options, including stock buybacks and storing the company's shares digitally on the blockchain through tokenization after the transaction is completed. The sources revealed that at least one existing shareholder previously planned to sell shares at a price far below the company's 500 billions USD valuation, but Tether intervened to block the plan. The sources said Tether's management is concerned that sell-offs by existing investors could affect its massive fundraising. Due to the confidential nature of the information, these individuals requested anonymity. One of the sources stated that the company currently has no plans to allow existing shareholders to sell shares in this round of major fundraising. Tether investor Blockchain Capital had considered selling some of its shares before Tether's fundraising plans were announced, but later decided not to proceed. The source also added that Tether's management did not attempt to prevent Blockchain Capital from selling shares.