Crypto Exchange Bitget Reopens Withdrawals Amid Hacking Concerns

Bitget, a cryptocurrency exchange, has reopened Bitcoin withdrawals following a reported $387 million hack. The move is seen as an important operational step in recovering from the security incident.

The hack has raised questions about how centralized exchanges protect customer assets and manage liquidity after a major breach. Reopening withdrawals allows users to regain access to their funds, but it also puts pressure on the exchange to demonstrate that its systems have been secured and that adequate reserves remain available.

Kalshi, a prediction-market company, is reportedly in advanced talks to raise $1 billion at a valuation of approximately $40 billion. This would represent a major increase in the company's private-market valuation and demonstrate how rapidly investor interest in event-based financial markets has expanded.