According to Bloomberg, Kraken is in late-stage talks with a strategic investor to raise $200 million to $300 million in funding that would value the crypto exchange at approximately $20 billion. The funding has not been finalized and remains subject to market conditions. It would follow Kraken’s recent $500 million raise at a $15 billion valuation, according to people familiar with the matter. https://t.co/9hBLZLDzAC ...

Kraken is in advanced talks to raise new funding that could value the crypto exchange at about $20 billion, as the company steps up capital-raising efforts ahead of a potential public listing https://t.co/W7d2Y3g75N ...

Crypto exchange Kraken has completed a $500M funding round at a $15B valuation. The round had no single lead investor and was structured by Kraken itself. Participants included investment firms, venture capital funds, and CEO Arjun Sethi’s Tribe Capital, with Sethi also investing personally. The funds will support Kraken’s expansion and IPO plans, with the company currently targeting a 2026 listing.https://t.co/cO61JDc4Ld ...

Market Trends - Crypto exchange Kraken's survey reveals that Americans are prioritizing trust in the decentralized crypto industry [1]

Market Overview - BNB, the token for the BNB Chain, experienced a decline of over 2% in the last 24 hours amid a broader downturn in the cryptocurrency market [1] - The Crypto Fear and Greed Index is currently at 41, indicating a neutral sentiment close to fear, while the average crypto relative strength index (RSI) suggests oversold conditions [1] Price Movement - BNB's price fell from $1,025 to just under $1,000, with resistance forming near $1,035, while the CoinDesk 20 (CD20) index dropped by 3.7% [2] - BNB traded within a range of $49 over the past 24 hours, with a low of $993 and strong resistance just above $1,030 [4] - Support levels held firm around $987, with a brief recovery pushing the price from just below $990 to near $994 [4] Transaction Fee Proposal - BNB Chain validators proposed to reduce gas fees from 0.1 to 0.05 gwei, which would lower average transaction costs to approximately $0.005 and improve block speeds from 750 milliseconds to 450 milliseconds [2] - This proposal comes as on-chain trading activity is increasing on the BNB Chain, particularly following the launch of the decentralized trading platform Aster, which has surpassed Hyperliquid in daily perpetual trading volumes [3] Trading Dynamics - Trading volume indicates a shift from aggressive selling to slower accumulation, with support consolidating near $989 and resistance emerging just under $996 [4]

Naver saw its shares surge 11.4% on Thursday following a filing from the South Korean internet giant that it’s in talks for a share swap with Dunamu, the operator of Upbit, the country’s largest crypto exchange. https://t.co/3CgEAFN8Xl ...

Market Movement - Naver shares experienced a surge of up to 11% [1] Fintech & Cryptocurrency - Naver's fintech unit is reportedly seeking to acquire the operator of South Korea's largest crypto exchange [1]

South Korea’s largest crypto exchange Upbit announced it will list XPL with KRW, BTC, and USDT trading pairs.https://t.co/Zc0ephpiKx ...

🏀 NEW: The Philadelphia 76ers will wear crypto exchange Crypto․com patch on their new throwback jerseys this season. https://t.co/P5X8cSZlP4 ...

Core Insights - Binance's BNB Chain validators are proposing a significant upgrade that aims to reduce transaction fees by 50% and increase block production speed, coinciding with the BNB token reaching all-time highs above $1,000 [1][7] Group 1: Proposed Changes - The proposal includes cutting gas fees from 0.1 Gwei to 0.05 Gwei and accelerating block intervals from 750 milliseconds to 450 milliseconds, potentially lowering transaction costs to approximately $0.001 per transaction [2][3] - If approved, these changes are set to take effect in October [4] Group 2: Market Context - Trading activity on the BNB Chain has surged, with swap-related transactions increasing by 67% from January to June this year, indicating a growing demand for the network [3] - The proposed changes aim to position BNB Chain competitively alongside other low-cost chains like Solana and Coinbase's Base network [3] Group 3: Community Response - The initiative has received praise for making BNB Chain more appealing to high-frequency traders and developers, although some critics argue that merely reducing fees does not constitute true innovation and call for greater decentralization [5][9] - Currently, BNB Smart Chain has only 45 validators, which has raised concerns about its level of decentralization compared to networks like Solana, which has nearly 1,000 validators [5][7]