Kraken $500M round with its CEO steering to 2026 IPO?

Kraken faces a pivotal stretch as it readies a public listing targeted for 2026 while folding new products and a large acquisition into a business built for professional traders. The exchange, founded in 2011, reported more than $411 million in…

Will FTX repay $1.6B to creditors starting on September 30?

FTX will release $1.6 billion to creditors at the end of the month, marking a third major payout since the exchange collapsed in November 2022. The FTX Recovery Trust says distributions begin on September 30 for users who completed verification…

Did Gemini and the SEC reach a resolution in principle?

Gemini and the U.S. Securities and Exchange Commission told a Manhattan federal court that they reached a resolution in principle to end the case over the Earn lending program. The filing asked Judge Edgardo Ramos to pause all deadlines until…

Winklevoss Twins’ Gemini targets $3 billion value this week?

Winklevoss Twins’ Gemini enters listing week with trading slated for Friday, a valuation target above $3 billion, and a dispute that overlaps with the nomination of Brian Quintenz to lead the CFTC. The exchange, founded in 2014 by Cameron and…

Is Kraken launching tokenized stocks in Europe with xStocks?

Kraken expanded its tokenized securities push in Europe with the launch of Backed’s xStocks for eligible investors. The rollout adds 24/5 access to certificates that track popular United States equities, plus self-custody and easy movement across compatible platforms. It follows…

Nasdaq invests 50 million in Gemini crypto exchange deal?

Nasdaq enters a strategic relationship with Gemini as the crypto exchange moves toward a public listing, anchoring a $50 million private placement inside a planned $317 million IPO and linking custody, staking, and collateral workflows through Calypso to reduce operational…

Robinhood up 150% after S&P 500 entry and Strategy out?

Robinhood closed just above $101 and then moved past $108 in extended trading after the index committee announcement, a move that arrived on the same day its addition to the S&P 500 was set for September 22 alongside AppLovin. The…

What is Gemini seeking to raise with a $317 million IPO?

Gemini is advancing a U.S. initial public offering that could raise up to $317 million and place the company near a $2.22 billion valuation, marking a measured return to public markets for a mid-sized exchange founded in 2014 by Cameron…

CoinDesk Owner Bullish Seeks $629 Million IPO Offering

Bullish is preparing to go public in the United States with a planned initial public offering that would raise up to $629.3 million, positioning the company for a listing on the New York Stock Exchange under the ticker symbol BLSH.…

Coinbase $1.5 billion gain and two hidden earnings items

In the second quarter of 2025, coinbase reported mixed results: total revenue was $1.5 billion, slightly below expectations, and transaction revenue fell to $764.3 million as trading volume decreased. Adjusted net income was $33.2 million, showing that recurring operations were…