oplsickness

@oplsickness

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3,400 strong and growing. Farcaster Pro isn’t slowing down.

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3,400 Farcaster Pro subscriptions sold

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3,400 strong and growing. Farcaster Pro isn’t slowing down.

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Thrilled to see the rebranding vision coming to life! Appreciate the phased approach and transparency on timelines. Huge props for open-sourcing the client monorepo—this’ll be a game-changer for devs building on the ecosystem. Excited to tune into the May 8 call and watch #Farcaster evolve! 🙌

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Cryptocurrency exchange Kraken is considering a major capital raise ahead of a potential initial public offering (IPO) early next year, Bloomberg reported on March 24.

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Citing anonymous sources, Bloomberg said Kraken is exploring a debt package worth anywhere between $200 million and $1 billion. The exchange is reportedly in preliminary talks with Goldman Sachs and JPMorgan Chase about facilitating the transaction.

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The funds would be used to support Kraken’s growth and not for operational expenses, Bloomberg cited the source as saying.

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Bloomberg has been reporting about Kraken’s IPO ambitions for the better part of a year. Talks of going public have intensified following the election of US President Donald Trump, with Bloomberg reporting that Kraken’s IPO could come in the first quarter of 2026.

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A Kraken representative declined to comment on the potential debt package when contacted by Cointelegraph.

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Kraken is one of the world’s largest crypto exchanges, facilitating more than $1.1 billion in trading volume over the past 24 hours, according to CoinMarketCap data.

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The exchange grew rapidly in 2024, with year-end financial statements showing $1.5 billion in revenue — a gain of 128% from 2023. The company’s adjusted earnings reached $380 million for the year.

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Kraken is expanding its footprint in the derivatives market with the $1.5 billion acquisition of NinjaTrader, a popular brokerage service specializing in futures contracts. The acquisition is part of the exchange’s broader push into multi-asset services, including equities and payments.

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NinjaTrader was founded in 2003 and is registered with the US Commodity Futures Trading Commission.

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The acquisition suggests crypto companies are growing their businesses with confidence following the election of a pro-crypto Republican administration. As Cointelegraph reported, Kraken was one of several crypto exchanges to be freed from enforcement action by the US Securities and Exchange Commission.

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A positive regulatory climate may have contributed to Kraken’s decision to resume crypto staking services for US clients after a nearly two-year hiatus. Clients in 37 states can now access staking services across 17 cryptocurrencies, including Ether ETH and Solana SOL .

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The central bank’s committee had previously identified six possible motivations for issuing a digital shekel, which included creating an alternative payment system and infrastructure, lowering costs, improving privacy and supporting the government’s fight against the “black economy,” among others.

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However, Mahasneh said he believes RWA tokenization will diversify and expand to other industries. “The real potential lies in tokenizing assets like carbon credits or intellectual property and integrating them with blockchain technology,” he added.

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Block paid a $55 million civil penalty and agreed to pay $75 million to $120 million in restitution to affected Cash App customers.

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“When zooming out, we see that net flows have been overwhelmingly positive in the longer term,” he said.

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When you lose your email job, consider knitting sweaters for people out of their dogs’ hair. There’s more demand than you would ever believe Sanke horribly mispriced at $1500 a sweater and has a 4 year backlog. Double the price and take the jobs she can’t do https://www.nytimes.com/2024/12/24/style/dog-hair-knitting.html?unlocked_article_code=1.104.smHI.sabuT2Ii3EV_&smid=nytcore-ios-share&referringSource=articleShare

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