Core Viewpoint - Kraken is in advanced discussions to raise new funding that could value the crypto exchange at approximately $20 billion, as it prepares for a potential public listing [1][2]. Group 1: Funding and Valuation - The new funding round is expected to involve a commitment of $200 million to $300 million from a strategic investor, although it remains subject to market conditions [1]. - This funding follows Kraken's recent capital raise of $500 million at a valuation of $15 billion, indicating a significant increase in how private markets are valuing major players in the crypto sector [2]. Group 2: Company Background and Competition - Founded in 2011 and officially known as Payward Inc., Kraken has raised only about $27 million in primary capital until this year [3]. - The new funding will enhance Kraken's resources as it competes with publicly listed Coinbase Global Inc. and other global exchanges [3]. Group 3: Market Trends and IPO Plans - The fundraising efforts come as major players in the crypto industry accelerate their capital-raising activities amid a more favorable regulatory environment in the US and increasing mainstream adoption [4]. - Kraken has engaged Morgan Stanley and Goldman Sachs Group Inc. as bankers for its upcoming initial public offering, which is anticipated to occur next year [5]. - Reports indicate that Kraken aims to go public as early as the first quarter of next year [5].

Platform Innovation & Expansion - LBank launched tokenized equity trading via xStocks integration, offering 24/7 access to assets like $MSTRX and $CRCLX [1] - Introduced a new Points System to reward community activity, aiming to increase retention [1] Market Performance & Listing Strategy - Odaily's report recognized LBank's strength in derivatives growth and meme/niche asset discovery [2] - LBank listed 72 tokens in July, with over 50% being meme coins [2] - 10 tokens gained over 500%, and 5 tokens exceeded 1,000% gain [2] - $TAP2 hit a peak gain of 19,592% [2]