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Kraken· 2025-10-16 03:24
Industry Recognition & Transformation - The IMF acknowledges digital money as a new financial reality, signaling the end of denial from establishment institutions [1][2] - The shift is architectural, diffusing the power to issue and control money from institutions to open systems [3] - Traditional finance's edge (regulation, custody, distribution) is eroding as users can hold sovereign digital cash directly [7] - Networks like Ethereum, Solana, Avalanche, and Bitcoin are emerging as new jurisdictions of trust, not just currencies [9] Central Bank Digital Currencies (CBDCs) & Control - Central bank digital currencies (CBDCs) will increase traceability and expand inclusion but also introduce new forms of control via programmable money [4] - The next economic divide will be between societies with open digital systems and those with centralized databases with surveillance [6] - Central banks will issue digital currencies to preserve control, while private institutions will tokenize assets to preserve relevance [14] Open Systems & Innovation - Open systems optimize for freedom and will likely win due to their compounding effect, attracting talent, energy, and trust [15][25] - The new financial order will reward interoperability over control, allowing money to flow freely like information [16] - Governments need to learn from the internet's evolution, creating flexible, innovation-friendly frameworks to become economic hubs [20] Meme Coins & Cultural Impact - Meme coins demonstrate how money can form bottom-up through culture and community, decoupling belief from authority [11] - In digital markets, fundamentals follow networks; memes come first, and infrastructure catches up [12] - Meme coins turn communities into monetary networks, expressing collective value at internet speed [13]
X @Kraken
Kraken· 2025-10-15 19:32
Listing & Trading - Kraken officially lists BNB (Binance Coin) for trading [1] - Deposits and withdrawals of BNB are now enabled on Kraken [1] - Trading of BNB is live on Kraken's platform [1] Regulatory & Compliance - Geographic restrictions apply to BNB trading on Kraken [1]
X @Kraken
Kraken· 2025-10-15 17:54
DeFi Strategy & Ecosystem Expansion - Kraken is venturing into on-chain finance, aiming to connect DeFi directly to its ecosystem [1] - Tydro is the initial step in expanding liquidity and establishing a base for builders within Kraken's DeFi strategy [1] - Kraken has partnered with Inkfndhq and Aave to integrate a leading protocol into Ink [1] - Experimentation with DeFi building blocks and Ink is underway, with Aave as a foundational element for a DeFi ecosystem [2] Open Finance Vision - Kraken is progressing towards a future of Open Finance [1] - Integrating Tydro with Aave and Kraken's CEX is the first phase in bringing on-chain finance to Kraken's customers [1]