Latest News
Kraken Prop Powers IPO Push
Kraken launched Kraken Prop on May 27, adding funded trading to boost user growth, derivatives volume, and its investor case ahead of a potential IPO.
Ethereum Below $2K as Whales Turn Bearish
Ethereum slipped below $2,000 to its lowest since late March as whale shorts and a 0.89 long/short ratio signaled rising bearish pressure.
Kraken Parent Buys Bitnomial for $550M
Kraken parent Payward will buy Bitnomial for up to $550M, gaining CFTC-licensed U.S. crypto futures, options and clearing infrastructure.
Kraken Says Insider Data Leak Fueled Extortion
Kraken says an insider-linked data leak fueled an extortion attempt, not an external hack, with limited support access and no client funds at risk.
Deutsche Börse Backs Kraken at $13.3B Valuation
Deutsche Börse is investing $200M in Kraken for a 1.5% stake, implying a $13.3B valuation as traditional finance deepens crypto ties.
Bitcoin Whale Moves Hit $395M as Fear Sinks
Bitcoin whales moved $395M on April 2 as crypto sentiment fell into extreme fear, with $44.2M sent to exchanges, signaling possible market pressure.
FTX Recovery Trust to begin $2.2B creditor payouts March 31 as repayments ramp up
FTX Recovery Trust will start its fourth Chapter 11 distribution on March 31, paying about $2.2B to all eligible creditors via BitGo, Kraken or Payoneer.
Nasdaq Enlists Kraken to Build 24/7 Settlement Rail for Tokenized Stocks
Nasdaq taps Kraken to build a 24/7 on-chain settlement rail for tokenized stocks, enabling near real-time transfers and issuer-controlled custody for markets.
Crypto News Summary March 8
March 8 crypto recap: Bitcoin churned near $70K, risk sentiment stayed defensive, and Ethereum dipped under $2K after a $158M whale transfer to Kraken.
Ethereum Co-Founder Jeffrey Wilcke Sends 79,859 ETH to Kraken as Ether Slides Below $2K
Ethereum co-founder Jeffrey Wilcke moved 79,859 ETH (~$158M) to Kraken as ETH fell below $2,000; on-chain data fueled sell-pressure fears among traders.
Kraken’s xStocks launches xChange, bringing tokenized stocks to on-chain trading
Kraken's xStocks debuts xChange, an on-chain trading engine for tokenized stocks and ETFs, aiming to make equities tradable 24/7 in on-chain crypto markets.
Kraken’s Fed Master Account Approval Draws ‘Dangerous’ Rebuke From Banking Lobby
Kraken wins Fed master account approval, easing USD access for crypto. Banking lobby warns it's dangerous as crypto rails near Fed payments amid market rally.
Kraken Becomes First Crypto Firm to Secure a Federal Reserve Master Account via Kansas City Fed
Kraken Financial becomes first crypto-native firm to secure a limited Fed master account via Kansas City Fed, gaining direct access to US payments rails.
Kraken Launches Flexline Fixed-Rate Crypto Loans for Pro Users, Offering Predictable Borrowing Costs
Kraken launches Flexline fixed-rate crypto-secured loans for Pro users, borrowing against crypto at 10-25% APR with terms up to 2 years for steadier financing.
Kraken Launches 24/7 Perpetual Futures for Tokenized U.S. Stocks, Bringing Crypto-Style Trading to Equities
Kraken launches 24/7 perpetual futures on tokenized U.S. stocks, bringing crypto-style long/short trading and funding mechanics to equities on Kraken Pro.
Kraken Co-CEO Says He’d Let AI Run His Entire Crypto Wallet—Dragonfly’s Haseeb Qureshi Warns Crypto ‘Wasn’t Built for Humans’
Kraken co-CEO says he'd let an AI agent control his wallet; Dragonfly partner Haseeb Qureshi warns crypto wasn't built for humans as AI meets irrevocable trades.
Kraken Acquires Token-Management Firm Magna to Boost Token Infrastructure Ahead of Planned IPO
Kraken buys token-ops firm Magna to expand token issuance infrastructure and compliance tools, positioning the exchange for a planned IPO and onchain assets.
Kraken to Sponsor Wyoming ‘Trump Accounts’ Crypto Savings for Every Newborn
Kraken will sponsor Wyoming's statewide newborn "Trump Accounts" program, seeding custodial crypto savings for every baby from day one for long-term savings.