Kraken quietly raised $500M in a seed round at a $15B valuation

Kraken has successfully raised $500 million, bringing its valuation to an impressive $15 billion. This significant funding round not only strengthens Kraken's position in the cryptocurrency market but also ignites speculation about a potential IPO. As the crypto landscape continues to evolve, Kraken's growth could signal a broader trend of increasing investor confidence in digital assets, making this development particularly noteworthy for both investors and the industry.

Kraken, a prominent cryptocurrency exchange, has successfully secured $500 million in funding, bringing its valuation to an impressive $15 billion. This significant investment comes at a time when there are strong indications that Kraken is gearing up for a potential initial public offering (IPO). This move not only highlights the growing confidence in the cryptocurrency market but also positions Kraken as a key player in the financial landscape, making it an exciting development for investors and the industry alike.

Kraken has successfully raised $500 million in its latest funding round, bringing its valuation to an impressive $15 billion. This significant investment highlights the growing confidence in the cryptocurrency market and Kraken's position as a leading exchange. The funds will likely be used to enhance their platform and expand services, which is crucial as more investors turn to digital assets.

Kraken has successfully completed a $500 million funding round, positioning itself for a potential IPO in 2026. This significant investment not only strengthens Kraken's market position but also signals a growing confidence in the cryptocurrency sector. As the landscape of crypto exchanges evolves, Kraken's strategic moves could play a crucial role in shaping the future of digital asset trading.

Solana's price has taken a significant downturn, dropping from the $232 mark and now trading below $200. Traders are concerned as the cryptocurrency shows bearish signs, with potential further declines towards the $180 support level. This situation is critical for investors as it indicates ongoing volatility in the market, which could lead to more losses if the price fails to recover above key resistance levels.

XRP's recent price movements are raising concerns among investors as it struggles to maintain support above the $2.850 mark. After a failed recovery attempt, the cryptocurrency is now trading below this critical level and may continue to decline if it falls below $2.720. This situation is significant as it reflects broader market trends and investor sentiment, potentially impacting trading strategies and market confidence.

Ethereum has seen a significant drop, falling below the $4,000 mark and raising concerns about a potential extended downtrend. The cryptocurrency is struggling to maintain its value, with critical support levels at $3,850 and $3,880. This decline is noteworthy as it reflects broader market trends and investor sentiment, making it crucial for traders to monitor these levels closely.

Bitcoin's price has taken a significant hit, dropping below $112,500 and raising concerns among traders about its future. As it consolidates losses, there's a possibility it could test the $108,500 support zone. This decline is notable as it indicates a bearish trend, with resistance levels forming at $110,500 and $113,000. Understanding these movements is crucial for investors as they navigate the volatile cryptocurrency market.

Onchain asset management is experiencing remarkable growth, with assets under management skyrocketing by 118% in 2025 to reach $35 billion. This surge highlights the increasing confidence in digital assets, and crypto trading firm Keyrock forecasts that this sector could nearly double again by 2026. This trend is significant as it reflects a broader acceptance and integration of cryptocurrency into mainstream finance, attracting more investors and potentially reshaping the investment landscape.

The upcoming SEC and CFTC roundtable on September 29, 2025, is a significant step towards legitimizing the cryptocurrency industry. By focusing on regulatory harmonization between digital finance and traditional finance, this meeting aims to create a more unified oversight framework. This is crucial as it could enhance investor confidence and foster innovation in the crypto space, making it more accessible and secure for everyone.

Kraken is making waves in the crypto world by donating $2 million to two pro-crypto political action committees. This significant contribution aims to bolster the fight for core rights, ensuring that individual privacy and innovation are protected in the U.S. As the regulatory landscape evolves, Kraken's support highlights the importance of advocating for policies that favor the growth and acceptance of cryptocurrency, making it a pivotal moment for the industry.

Dogecoin is facing a tough time as it has dropped below the $0.250 mark against the US Dollar, raising concerns about a potential further decline. Currently, the price is consolidating, but if it remains under $0.2550, it could see even more losses, especially if it dips below $0.230. This situation is significant for investors and traders as it highlights the volatility of the cryptocurrency market and the challenges that Dogecoin continues to face.

BounceBit Prime has achieved a significant milestone by surpassing $1.5 billion in cumulative volume, largely thanks to the support from Franklin Templeton's Benji token. This achievement is notable as it reflects growing confidence in the platform, especially with its vault reaching a total value locked of $10 million. Such developments are crucial in the ever-evolving cryptocurrency landscape, indicating a positive trend for investors and users alike.

SoftBank and Ark Invest are reportedly in talks to join Tether's significant funding round, aiming to raise between $15 billion and $20 billion for a 3% equity stake. This move could elevate Tether's valuation to $500 billion, highlighting the growing interest in stablecoins and their potential impact on the cryptocurrency market. Such investments not only bolster Tether's financial standing but also signal confidence from major players in the future of digital currencies.

Cango has successfully mined 141 Bitcoin this week, bringing its total holdings to an impressive 5,708 BTC as of September 26. This achievement is a significant step in their 2025 strategy, showcasing their commitment to expanding their cryptocurrency portfolio. The rise in Bitcoin holdings not only reflects Cango's operational success but also highlights the growing importance of cryptocurrency in the financial landscape.

The UK is embarking on an exciting new chapter in banking and digital payments with the launch of a two-year pilot program for a digital pound. UK Finance, representing over 300 financial institutions, is spearheading this initiative alongside six major banks, including Barclays and HSBC. This pilot aims to test tokenized deposits in pounds, which could revolutionize how we think about money and transactions. It's a significant step towards modernizing the financial landscape and could enhance the efficiency and security of payments in the UK.

SWIFT has launched an exciting blockchain test run with major global banks like BNY Mellon and BNP Paribas, aiming to migrate its core messaging system to ConsenSys' Ethereum layer-2, Linea. This initiative is significant as it showcases the growing adoption of blockchain technology in traditional banking, potentially enhancing transaction efficiency and security. As financial institutions explore innovative solutions, this collaboration could pave the way for a more interconnected and modern banking system.

Bitcoin and several major altcoins are attempting to initiate a recovery, but analysts suggest they may face considerable selling pressure as prices rise. This situation is crucial for investors to monitor, as it could indicate the market's overall health and potential future trends.