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The list of the first batch of award winners for the Sun Yuchen Prize is now under public notice for 14 days, and the on-chain prize pool address has been credited with 10 million USD

According to official news from the Sun Yuchen Prize, the first batch of award winners has officially entered a 14-day public notice period starting September 19. The topics currently under public notice are questions number 305, 371, 381, 526, 866, and 1001, among which candidates for questions 305, 371, and 381 are formal verifiers, candidates for questions 866 and 1001 are mathematical problem solvers, and question 526 has candidates from both roles. The public notice information has been made available on the official GitHub candidate registration form, and the public can submit formal challenges.It is reported that the Sun Yuchen Prize is the world's first zero-trust decentralized academic reward mechanism based on a list of questions, with a maximum single-question prize of 1 million US dollars. On the day of its establishment, the first batch of 66 mathematical problems was announced, with the highest prize of 1 million US dollars awarded to the OpenAI research team in recognition of their solution and formal proof regarding the "existence and smoothness problem of the three-dimensional Navier-Stokes equations." At the same time, the prize operating organization also announced the on-chain address of the prize pool, which has already deposited 10 million US dollars. After the public notice period ends, the prize will be distributed in USDT (TRC20) or USDC (ERC20), and the winners will also receive certificates and medals.

PitchBook provided a valuation scenario for Kalshi, with a maximum of 42.1 billion USD

According to a 46-page report from financial investment data company PitchBook, the market platform Kalshi has a baseline scenario valuation of approximately $30.4 billion, a peak valuation of about $42.1 billion during strong market performance, and a pessimistic scenario of $22.8 billion. Kalshi completed a $1 billion Series F financing in May this year, with a post-money valuation of $22 billion.PitchBook expects Kalshi's revenue to reach $6.4 billion by 2030, with adjusted profits reaching $3.7 billion, and believes that partnerships with platforms and market makers such as Robinhood and Susquehanna will help consolidate market share. The report lists the regulatory risks of the sports prediction market as a key variable affecting valuation, with data showing that the sports market currently contributes about 69.9% of Kalshi's event fee revenue; if Exotics products such as multi-event combinations are included, the proportion rises to 82.4%.Several states in the U.S. and Native American tribes are suing over the legality of Kalshi's sports prediction products, and related cases have created discrepancies between federal appellate courts, with the Supreme Court expected to intervene next year. PitchBook believes that even if the final ruling is unfavorable to Kalshi, the company may still adjust its business model through state-level licensing and the development of non-sports prediction products, but a significant decline in sports revenue will still notably impact its growth expectations.

Galaxy Digital invested 100 million USD to purchase sUSDS, Forward Industries plans to raise 25 million USD to increase its holdings in SOL

According to BBX data, yesterday global publicly listed companies in the U.S. stock market announced their latest accounts regarding digital asset treasury allocation, targeted private placements, and stock repurchases at a discount. The core updates are as follows:Galaxy Digital (TSX: GLXY) invested $100 million to purchase sUSDS and increased its holdings in SKY tokens: The well-known cryptocurrency financial services firm Galaxy Digital announced that it has utilized $100 million of its own funds to officially incorporate the interest-bearing stablecoin sUSDS from Sky Protocol into its corporate treasury. At the same time, Galaxy has approved sUSDS as compliant collateral for its institutional trading business, allowing institutional clients to apply for loans by pledging sUSDS while continuing to enjoy Sky's savings interest rate benefits. Additionally, Greg Feibus, the global head of capital markets at Sky Frontier Foundation, confirmed that Galaxy also purchased an undisclosed amount of SKY tokens. The two parties have established a new tripartite lending arrangement and are discussing expanding the existing $500 million warehouse financing limit.Forward Industries (NASDAQ: $FWDI) plans to raise $25 million through a registered direct offering, fully allocated to increase its holdings in SOL: The publicly listed company Forward Industries, which is part of the Solana treasury, announced that it has signed a securities purchase agreement with institutional investors to sell 3.125 million shares of common stock at a price of $8 per share through a registered direct issuance, raising a total of approximately $25 million (expected to complete settlement around September 24). A.G.P./Alliance Global Partners is acting as the exclusive placement agent. Forward Industries clearly stated that the net proceeds from this offering will be fully used to increase its holdings in SOL in the secondary market, to expand its SOL treasury size and enhance the per-share fully diluted SOL content.Silvia (formerly ProCap Financial, NASDAQ: $SVIA) reduced its holdings by repurchasing 124 BTC, bringing total holdings down to 5,130 BTC: The Nasdaq-listed company Silvia, under cryptocurrency entrepreneur Anthony Pompliano, announced that since September 15, it has repurchased an additional 2.3% of its circulating common stock at a market discount below net asset value (NAV). Since the repurchase program began, the cumulative repurchase ratio has reached approximately 14.5%. As of the market close on September 22, the company's circulating shares have been reduced to 82,881,223 shares, with the treasury holding approximately 5,130 BTC (a decrease of about 124 BTC from approximately 5,254 BTC on September 15), and the NAV per share is approximately $4.27. The company reiterated its firm commitment to selling some assets to repurchase shares until the secondary market trading price is no longer below NAV.
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