Kraken Confidentially Files for US IPO After $800M Raise at $20B Valuation
Kraken has confidentially filed a draft registration statement with the SEC for a proposed initial public offering. The filing comes less than a day after announcing an $800 million funding round at a $20 billion valuation. This move aligns with a broader trend of crypto firms pursuing public listings amid a more favorable regulatory environment under the Trump administration. Cryptocurrency exchange Kraken has taken a signif…
Bitcoin and Ether Outflows Deepen as Solana ETFs Attract $30 Million Inflow
Bitcoin and Ether Outflows Deepen as Solana ETFs Attract $30 Million Inflow Spot Bitcoin ETFs saw continued heavy redemptions, extending a multi-day losing streak. Ethereum ETFs recorded $74 millio…
Bitcoin Falls Below $90,000, Amid Extreme Market Fear
Bitcoin price drop: BTC fell to $89,420, its lowest since February. Market impact: Erased 2025 gains, with over $725 million in liquidations. Technical indicators: Death cross formed, fear index at extreme lows. Bitcoin has tumbled below the $90,000 mark for the first time in seven months, effectively erasing all gains made in 2025. 32 This sharp decline comes just six weeks after the cryptocurrency hit an all-time high of $1…
Japan Poised to Reclassify Cryptocurrencies as Financial Products, Ushering in Tax Relief
Japan’s FSA plans to reclassify 105 cryptocurrencies as financial products, aligning them with traditional assets like stocks. The move could introduce a uniform 20% capital gains tax on crypto profits, replacing the current progressive system that reaches up to 55%. New rules will include insider trading prohibitions and mandatory disclosures from exchanges on listed assets. Japan’s top financial regulator is preparing a sig…
Bitcoin Plunges Below $95,000 Amid Massive Liquidations and Record ETF Outflows
Bitcoin fell below $95,000 for the first time since May, down 8% on the day and 24% from its all-time high of $126,200. Over $1.24 billion in crypto long positions were liquidated in the past 24 hours amid the market slump. U.S. spot Bitcoin ETFs recorded $866 million in net outflows on Thursday, the second-worst day on record. Shifting Federal Reserve rate cut expectations and liquidity concerns from the recent U.S. government sh…
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Strategy Buys Bitcoin Every Day This Week Amid Dip, Saylor Denies Sale Rumors
Daily Acquisitions: Strategy purchased Bitcoin every weekday this week, signaling accelerated buying despite BTC’s plunge below $100,000. To…
