Kraken
Search documents
Popular crypto exchange joins growing list of Trump Accounts sponsors
Yahoo Finance· 2026-02-17 16:58
Core Insights - A major U.S. crypto trading exchange, Kraken, has joined other digital asset firms in supporting "Trump Accounts," which are savings accounts for newborns aimed at promoting long-term wealth building through early capital contributions [1][3] - The initiative is part of the One Big Beautiful Bill Act (OBBBA), providing an initial $1,000 contribution from the government for children born between 2025 and 2028, although crypto products are currently excluded [2] Group 1: Company Involvement - Kraken announced its sponsorship of Trump Accounts for every child born in Wyoming in 2026, aligning with other crypto industry players like Coinbase and Robinhood [3] - The sponsorship reflects Kraken's belief in modernizing financial services by expanding access and encouraging participation in long-term wealth building [4][5] Group 2: Strategic Positioning - Kraken's Co-CEO emphasized that the initiative is an investment in Wyoming's future, highlighting the state's leadership in crypto innovation and regulation [6] - Wyoming is recognized as a crypto-friendly state, having established Kraken Financial as the first Special Purpose Depository Institution (SPDI) in the U.S. and promoting blockchain-focused legislation [6][7]
X @Kraken
Kraken· 2026-02-17 16:09
RT Magic Internet Money (@mimcoinbtc)Attention $MIM holders:@krakenfx is currently offering a 3% deposit match on net cash and crypto deposits.Depositing $MIM during the offer period qualifies for the 3% match.A straightforward way to earn a little extra on your Magic Internet Money.Full details below. https://t.co/vJGjfq5WKa ...
X @CoinMarketCap
CoinMarketCap· 2026-02-17 15:49
LATEST: ⚡ Kraken says it will fund soon-to-be-launched "Trump Accounts" for all Wyoming newborns in 2026, citing the state's crypto-friendly regulation as the reason it is headquartered there. https://t.co/YnY8lYPAwE ...
Nakamoto to acquire Bitcoin Magazine, hedge fund UTXO Management in all-stock deal
Yahoo Finance· 2026-02-17 14:27
Acquisition Overview - Nakamoto has signed definitive agreements to acquire Bitcoin Magazine and UTXO Management, consolidating media, asset management, and advisory services under one public entity [1] - The acquisition is valued at approximately $107.3 million based on Nakamoto's closing price of $0.2951 on February 13, with an effective deal value of roughly $407 million when calculated using a contractual strike price of $1.12 per share [2] Company Performance and Strategy - UTXO Management serves as an adviser to 210k Capital, LP, a hedge fund specializing in Bitcoin and derivatives, and has shown strong performance metrics in 2024 [4] - Nakamoto recently authorized a $10 million share repurchase program in December 2025 to address stock pressure after receiving a Nasdaq delisting notice [4] - The company refinanced debt with a $210 million Bitcoin-backed loan from Kraken, replacing previous obligations and indicating an aggressive capital management strategy [5] Market Context and Expectations - The deal was anticipated and first announced over the summer, with NAKA shares experiencing volatility and often trading at a discount to the company's Bitcoin holdings [6] - The transaction is expected to close in the first quarter of 2026, with no additional shareholder approval required as the acquisition option was previously approved [6]
X @BSCN
BSCN· 2026-02-17 14:25
🚨BREAKING: KRAKEN CONNECTS TO ICE CHAT FOR INSTITUTIONAL CRYPTO TRADING@krakenfx has integrated its OTC desk with ICE Chat, embedding crypto liquidity directly into one of traditional finance’s largest institutional messaging networks.The move enables more than 120,000 ICE Chat users to access Kraken’s over-the-counter crypto trading desk directly within their existing communication workflows.The integration enables institutional trading desks across major financial centers to engage Kraken’s liquidity acro ...
Morning Minute: Harvard Sells Bitcoin for Ethereum
Yahoo Finance· 2026-02-17 13:32
Group 1 - Harvard disclosed a reduction of 1.46 million shares in BlackRock's iShares Bitcoin Trust (IBIT), decreasing its position to approximately $265 million [2] - Simultaneously, Harvard opened a new position of 3,873,044 shares in BlackRock's iShares Ethereum Trust, valued at roughly $86.8 million [2] - The total combined spot crypto ETF exposure for Harvard at the end of the quarter exceeded $352 million [2] Group 2 - Harvard initially disclosed a $116 million position in IBIT in August 2025, which tripled to around $350 million by November before the recent reduction [3] - The move to sell Bitcoin and invest in Ethereum suggests a strategic shift, with analysts indicating that ETH may be undervalued compared to BTC [4] - The decision reflects a broader trend where Ethereum is increasingly recognized as a significant asset alongside Bitcoin, with BlackRock showing more interest in ETH [5][7] Group 3 - Major institutions are now monitoring the BTC/ETH ratio to inform their portfolio decisions, indicating confidence in the longevity and potential growth of both assets [7] - Bitcoin is viewed primarily as a store of value, while Ethereum is considered a productive asset with multiple return drivers, including its role in smart contracts and infrastructure [8]
X @TylerD 🧙♂️
TylerD 🧙♂️· 2026-02-17 12:55
The Morning Minute (2.17)Powered by @yeet⏰Top News:-Crypto majors slightly red ahead of weekly open; BTC at $67k-Harvard rotates a portion of BTC holdings into ETH-Steak ‘n’ Shake says Bitcoin adoption dramatically increased sales-Kraken to sponsor Trump Accounts in Wyoming-Andre Cronje opens Flying Tulip sale to the public at $1B valuation🌎 Macro Crypto and Markets-Crypto majors are slightly red down 1%; BTC -1% at $68K; ETH even at $1,970; SOL even at $85; XRP -2% at $1.45-Stable (+12%), NEXO (+7%) and PI ...
Grant Cardone Is Selling A Mega Mansion For Bitcoin Only And Says He'll Be 'Better Off' By 2029 — But Will Anyone Bite?
Yahoo Finance· 2026-02-17 11:46
Core Insights - Grant Cardone is selling his Golden Beach mansion for 700 BTC, approximately $46.58 million at current prices, emphasizing the potential appreciation of Bitcoin over real estate in the long term [4][2][1] - The property is notable for its size (10,000 sq ft), featuring 7 bedrooms and 6 garages, and is located on a private shoreline [4][2] - Cardone's strategy reflects a belief in Bitcoin's long-term value, having previously listed the property for 400 BTC, which was quickly under contract [2][1] Real Estate Market Trends - A report by Agents Gather forecasts a 3-5% appreciation for Miami's ultra-luxury estates in 2026 and a 4-6% appreciation in 2027, indicating a positive outlook for high-end real estate in the area [5] - Despite Bitcoin's volatility, which saw a 30% decline last year and an additional 24% drop in 2026, its long-term growth has been significant, with a 16,000% increase over the past decade [5] Investment Strategy - Cardone's firm, Cardone Capital, has shown a commitment to Bitcoin, purchasing 200 BTC after market corrections and investing an additional $10 million recently [6] - The decision to sell a luxury jet suggests a strategy to liquidate assets to capitalize on Bitcoin's price fluctuations [7][8]
Monero Unaffected By Delistings: XMR Activity Stays Strong Despite Global Restrictions
Yahoo Finance· 2026-02-17 10:57
Core Insights - Monero (XMR) continues to show resilience despite facing significant delistings and regulatory pressures, with a growing usage particularly in darknet markets [1][5] Exchange Delistings - In 2025, Monero experienced one of its most significant delisting waves, with 73 exchanges removing the asset, including major platforms like Binance, Coinbase, and Kraken [2] - Exchanges have either completely eliminated XMR trading pairs or restricted them in regions with regulatory oversight, impacting its availability [2][3] Regulatory Environment - Regulatory actions have led to Kraken halting Monero services for customers in the European Economic Area due to updated regulations, with similar trends observed in Canada and parts of Asia [3] - Countries like Japan, South Korea, and Australia have expressed concerns over Monero's anonymity features, contributing to the regulatory scrutiny [3] User Behavior and Market Shift - Users are increasingly turning to DeFi platforms for atomic swaps or peer-to-peer networks instead of traditional centralized exchanges for XMR transactions [4] - Monero's privacy features, such as stealth addresses and ring signatures, differentiate it from transparent blockchains like Bitcoin and Ethereum, maintaining user privacy [4] Darknet Market Adoption - The TRM Labs report highlights that in 2025, 48% of new darknet platforms accepted only Monero, indicating a strong demand and increasing market share in this segment [6] - Monero is becoming the preferred currency for certain ransomware operations, although Bitcoin still dominates ransom payments due to its higher liquidity [6][7] On-Chain Activity - Despite the delistings, Monero's on-chain transactions and daily network activity have remained consistent, showcasing its resilience [8] - Darknet marketplaces are increasingly favoring Monero as the exclusive payment method, further solidifying its position in this niche [8]