Crypto exchange Kraken submits confidential US IPO filing

The SEC is set to hold a roundtable discussion in December focusing on privacy and financial surveillance, reflecting a growing concern among crypto industry executives and civil liberties activists. This event aims to address the intersection of privacy rights and financial oversight in the rapidly evolving cryptocurrency landscape.

A report indicates that SEC enforcement actions have decreased by 30% since Paul Atkins took over from Gary Gensler. This decline affects various sectors, including cryptocurrency companies, raising concerns about regulatory oversight in the digital asset space.

A report indicates that SEC enforcement actions have decreased by 30% since Paul Atkins took over from Gary Gensler. This decline affects various sectors, including cryptocurrency companies, raising concerns about regulatory oversight in the digital asset space.

Owen Gunden, an early Bitcoin adopter, has completed a significant selloff of his Bitcoin holdings valued at $1.3 billion, with the final transfer of $230 million made to the cryptocurrency exchange Kraken. This move was reported by on-chain analysts at Arkham Intelligence, indicating a notable shift in Gunden's investment strategy.

Kraken, a leading cryptocurrency exchange, has filed confidentially for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This move comes as the company navigates a market pullback and increasing regulatory clarity, alongside other crypto firms exploring public markets.

Owen Gunden, a prominent Bitcoin investor, has completed a significant sale of his Bitcoin holdings valued at $1.3 billion, with the final transfer made to the cryptocurrency exchange Kraken. This move is expected to increase market volatility as long-term holders liquidate substantial positions.

BlackRock's Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has faced its largest one-day outflow, totaling over $500 million. This significant withdrawal reflects growing investor caution amid fears of a potential bear market, as Bitcoin's price has dropped below the critical $100,000 threshold following a record high in October. The current selloff highlights the broader challenges facing the cryptocurrency market.

Solana (SOL) has initiated a recovery wave, trading above the $132 zone and consolidating near $145. The price has surpassed key resistance levels, including $135 and $140, and is now above the 100-hourly simple moving average. If SOL can clear the $145 and $150 resistance levels, further upward movement is anticipated.