Crypto exchange Kraken has raised $800 million in fresh funding, including $200 from investment from Citadel Securities, to accelerate its efforts to bring traditional financial markets onto blockchain infrastructure, the company said Tuesday. The round was split across two tranches, with the main one led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital. A follow-on $200 million investment came from market-making gi ...

Core Insights - Bitget's legal team has received three prestigious industry awards in 2025, highlighting the increasing influence of legal teams in the cryptocurrency sector within the global financial landscape [2][3][4] Group 1: Awards and Recognition - Phil Leung, the legal director of Bitget, was awarded "Young Lawyer of the Year" and was a finalist for "Fintech Lawyer of the Year" at the Thomson Reuters Asian Legal Business 2025 Hong Kong Law Awards [2] - Bitget's legal team was nominated for "Fintech Team of the Year," and Hon Ng, the Chief Legal Officer, was nominated for "Lawyer of the Year," competing alongside top law firms and corporate legal teams [2] - The legal team also won the LexisNexis 2025 "ELITE Team" award, with Phil Leung recognized as one of the "40 Under 40" top lawyers [3] Group 2: Business Growth and Performance - Bitget has experienced rapid expansion, moving from the top ten to the top four in global cryptocurrency exchanges in terms of trading volume from 2024 to 2025 [3] - As of 2025, Bitget serves over 120 million users and processes daily cryptocurrency trading volumes exceeding $30 billion, translating to an annual trading volume surpassing $1 trillion [3] Group 3: Legal and Compliance Structure - The legal, compliance, and internal control department of Bitget was established in 2024, led by Hon Ng, with Phil Leung as the first department-level head [3] - The team has grown to over 100 professionals, providing comprehensive legal guidance in areas such as licensing, regulatory compliance, corporate governance, and dispute resolution as Bitget expands its core markets [3][4] Group 4: Company Overview - Founded in 2018, Bitget is the largest universal exchange (UEX), offering trading channels for millions of cryptocurrencies, tokenized stocks, ETFs, and other real-world assets to over 120 million users [5] - Bitget Wallet supports over 130 blockchains and millions of tokens, facilitating multi-chain trading, staking, and payments, and connects to over 20,000 decentralized applications [6] - The company has strategic partnerships for cryptocurrency promotion, including being the official cryptocurrency partner for La Liga in East Asia, Southeast Asia, and Latin America, and collaborating with UNICEF for blockchain education support [6]

Core Insights - Bullish (NYSE:BLSH) is scheduled to report its third-quarter financials, with analysts expecting a significant decline in earnings per share and an increase in quarterly revenue [1][2]. Financial Expectations - Analysts predict earnings per share of $0.09, down from $0.93 in the previous quarter [2]. - Quarterly revenue is expected to be $72.39 million, an increase from $58.63 million [2]. Stock Performance and Analyst Ratings - The consensus price target for BLSH stock is $56.91 from 12 analysts, with Citigroup setting the highest forecast at $70 [3]. - The average price target of $62 suggests a potential upside of approximately 70% for the stock [3]. Technical Indicators - The Moving Average Convergence Divergence indicator has issued a "Sell" signal for BLSH, while the Williams Percent Change indicates a "Buy" rating [4]. Market Position and Competitors - Bullish, backed by Peter Thiel, went public in August, raising $1.213 billion, with an initial stock price of $90.45, significantly above its IPO price of $37 [5]. - Ark Invest, led by Cathie Wood, has invested over $10 million in Bullish shares through various ETFs [6]. Price Action - BLSH shares fell 0.67% in after-hours trading, following a 4.50% decline during the regular trading session, closing at $36.75 [6]. Comparative Analysis - Benzinga's Edge Stock Rankings indicate a weaker price trend for BLSH in the short, medium, and long term compared to competitors like Coinbase [7].

Core Insights - Ark Invest executed significant trades involving Bullish, Reddit, and Pinterest, reflecting strategic adjustments in response to market conditions [1] Bullish Trade - Ark Invest purchased a total of 29,208 shares through the Ark Fintech Innovation ETF, 191,195 shares via the ARK Innovation ETF, and 56,660 shares through the ARK Next Generation Internet ETF, amounting to approximately $10.02 million at a closing price of $36.75 [2] - The investment aligns with Ark's interest in cryptocurrency exchanges, particularly those associated with influential figures like Peter Thiel, indicating a focus on the crypto sector [3] - This investment occurred as Bitcoin approached $91,000 and Ethereum fell below $3,000, amidst a broader downtrend in the cryptocurrency market [4] - Bullish is scheduled to report its third-quarter earnings on Wednesday, with a conference call at 8:30 a.m. ET [5] Reddit Trade - Ark Invest reduced its stake in Reddit by selling 5,632 shares from ARKF and 10,908 shares from ARKW, totaling approximately $3.1 million based on a closing price of $187.55 [6] - The decision to sell Reddit shares, valued at $7.5 million, reflects Ark's strategy to navigate the current volatility in the tech sector [6] Pinterest Trade - Ark Invest sold 24,220 shares of Pinterest from the ARKK, valued at approximately $618,094 based on a closing price of $25.52 [7] - Pinterest's third-quarter revenue reached $1.05 billion, meeting estimates, while adjusted EPS of 38 cents fell short of expectations; however, monthly active users increased by 12% to 600 million, contributing to a 17% year-over-year revenue growth [8] - Pinterest guided fourth-quarter revenue to be between $1.31 billion and $1.34 billion, slightly below consensus expectations [8] Other Key Trades - Ark Invest made additional purchases including 25,137 shares of Tempus AI Inc, 72,024 shares of Twist Bioscience Corp, and 10,877 shares of Beam Therapeutics Inc, while also reducing positions in Veracyte Inc and Iridium Communications Inc [11]

Core Viewpoint - The First State remains the preferred location for corporations, indicating its strong appeal in the corporate landscape [1] Group 1 - Corporations continue to favor The First State for their operations, highlighting its competitive advantages [1] - The regulatory environment in The First State is seen as beneficial for business, attracting more companies [1] - Economic factors in The First State contribute to its attractiveness, making it a strategic choice for corporate headquarters [1]

Core Insights - Coinbase Global (COIN) has launched Coinbase Business in Singapore, marking its first international market outside the United States and part of its international expansion strategy [1][7] - The platform aims to facilitate the use of digital assets for payments, treasury management, cross-border settlements, and payroll, leveraging the Coinbase-backed stablecoin USDC and a partnership with Standard Chartered [1][7] - International operations contributed 16.8% to total revenues in 2024, a significant increase from 2023, indicating a shift towards diversifying revenue sources away from U.S. operations [3] International Expansion - COIN's international operations now include markets such as Australia, Brazil, Kenya, the European Union, India, Japan, the Philippines, Indonesia, Singapore, the United Kingdom, and Switzerland [2] - The company has obtained Virtual Asset Service Provider registration in Argentina and re-entered the Indian market, including an investment in CoinDCX [2] Revenue Diversification - The increase in international revenue contributions reflects COIN's strategy to reduce dependence on U.S. operations, with international revenues nearly tripling year over year [3] - The company is positioning itself to capitalize on the growing adoption of cryptocurrency in Asia, particularly through its operations in Singapore [1][3] Competitive Landscape - Circle Internet Group (CRCL) and Robinhood Markets (HOOD) are also expanding internationally, enhancing their positions in the global fintech landscape [4][5] - Circle's expansion focuses on regulated digital markets, while Robinhood aims to tap into global retail investing demand [4][5] Financial Performance - COIN shares have gained 14.4% year to date, outperforming the industry [6] - The current price-to-earnings ratio for COIN is 46.36, significantly above the industry average of 24.19, indicating a potentially expensive valuation [8] Earnings Estimates - The Zacks Consensus Estimate for COIN's fourth-quarter 2025 EPS remains unchanged, while the full-year 2025 estimate has increased by 0.4% [9][10] - The consensus estimates for COIN's revenues indicate year-over-year increases for 2025, but a decline is expected for 2026 EPS [10]

Market Overview - In Q3 2025, the US equity market experienced a rally, with the S&P 500 Index increasing by 8.12% [1] - Bonds also performed well, with the Bloomberg U.S. Aggregate Bond Index rising by 2.03% during the same period [1] Performance Analysis - Aristotle Atlantic's Large Cap Growth strategy achieved a gross return of 9.76% and a net return of 9.61% for the quarter [1] - This performance was below the Russell 1000 Growth Index, which returned 10.51% [1] - The underperformance was attributed to security selection within the fund [1] Company Spotlight: Coinbase Global, Inc. - Coinbase Global, Inc. is highlighted as a key stock in the Large Cap Growth Strategy [2] - The company is a leading U.S. cryptocurrency exchange, founded in 2012, with over $425 billion in assets across its platform [3] - Coinbase supports trading in more than 250 cryptocurrencies and serves retail investors, institutions, and fintech developers [3] - As of November 14, 2025, Coinbase's stock closed at $284.00 per share, with a market capitalization of $76.347 billion [2] - The stock experienced a one-month return of -17.39% and a 52-week decline of 12.73% [2]

Core Insights - KuCoin aims to balance innovation with user protection, positioning itself as both a gateway for innovation and a gatekeeper for trust in a volatile market [1][2] - The exchange has rebranded with the slogan "Trust First. Trade Next." to enhance credibility and appeal to both retail and institutional users [3][4] User Segmentation - KuCoin serves millions of retail traders while also catering to the growing number of institutional investors, emphasizing the importance of both user segments [3][4] - Retail traders prefer user-friendly interfaces and AI tools, while institutional clients prioritize execution speed and customized metrics [4] Technological Advancements - The introduction of the Off-Exchange Settlement (OES) framework allows institutions to maintain third-party custody of assets while accessing KuCoin's liquidity [5] - KuCoin is expanding into real-world asset (RWA) tokenization, linking traditional finance with blockchain to create new opportunities for institutional investors [6] - The company is enhancing its technology, including artificial intelligence, to better serve both retail and institutional users [7]

Core Insights - A global investigation has revealed that illicit funds continue to flow through Binance, despite the company's commitment to enhance compliance controls following a U.S. guilty plea [1][2]. Group 1: Illicit Fund Flows - The International Consortium of Investigative Journalists (ICIJ) found that wallet addresses associated with scams and organized crime funneled substantial amounts into Binance accounts during 2024 and 2025 [3]. - Wallets linked to Huione Group, a Cambodian financial institution flagged by U.S. authorities, transferred over $408 million into Binance customer accounts over a 12-month period [3]. - An additional $900 million in cryptocurrency was reported to have arrived at Binance this year from a swapping service used by North Korean hackers after a significant theft [4][5]. Group 2: Regulatory Environment - The investigation has raised questions about how major trading platforms manage illicit deposits, particularly in light of Donald Trump's regulatory policies and their potential impact on exchange oversight [2][7]. - The CEO of ChainArgos indicated that the timing of the inflows suggested a connection to hacked funds, which should have triggered alerts within Binance [6]. - Binance's spokeswoman stated that while the platform cannot block incoming blockchain transfers, it takes appropriate actions once suspicious activities are identified [6].

Core Insights - BTCC, the world's longest-serving cryptocurrency exchange, is launching a significant Black Friday campaign with a reward pool of 2,000,000 USDT, featuring exclusive prizes from global brand ambassador Jaren Jackson Jr. [1] Group 1: Campaign Overview - The campaign runs from November 10 to November 30, 2025, offering trading incentives and a guaranteed-win lucky draw for both new and experienced traders [2] - New users can receive up to 100 USDT in welcome rewards for completing their first deposit and futures trade, while active traders can earn up to 3,500 USDT by completing various trading milestones [3] Group 2: Lucky Draw and Prizes - Participants can accumulate points towards a guaranteed-win lucky draw starting November 27, with a requirement of 500 points or more to qualify [4][5] - Prize categories include premium prizes, exclusive JJJ memorabilia, and BTCC-branded platform prizes, along with a hidden Black Friday bonus available through a specific online search [5] Group 3: Partnership and Market Impact - The campaign is part of BTCC's collaboration with Jaren Jackson Jr., whose promotional video has achieved over 6.7 million views, indicating a rising interest in cryptocurrency trading among sports fans [6] - This partnership highlights the growing intersection of sports and cryptocurrency, appealing to a broader audience [6] Group 4: Prize Details - Notable prizes include 0.1 BTC, an iPhone 17 Pro Max, a 100g gold bar, JJJ-signed sneakers, basketballs, bobblehead figures, and BTCC Futures Pro Trading Fund vouchers [8]