Kraken’s pre-IPO, China’s digital yuan center | Weekly Recap

Kraken completed a $500 million raise ahead of its planned 2026 public offering while Tether kicked off a multi-billion dollar funding round.
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Kraken completed a $500 million raise ahead of its planned 2026 public offering while Tether kicked off a multi-billion dollar funding round.
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A fight over stablecoin rewards is threatening to fracture Coinbase’s support for Washington’s next major crypto bill. Summary Coinbase may oppose a key crypto bill if stablecoin rewards are restricted. Rewards tied to USDC are a major revenue source for the exchange. The dispute risks delaying market structure legislation in Congress. Coinbase is drawing a…
Bitwise has filed for a NEAR spot ETF with the US Securities and Exchange Commission, as reported by a May 6 S-1 filing. The ETF will allow investors to buy spot NEAR tokens, exposing them to the ecosystem of NEAR Protocol and its AI developments. The news comes after Bloomberg analysts predict that most altcoins…
The US-Israeli military strikes on Iran that began on February 28 have triggered the most significant geopolitical shock to global markets since Russia’s invasion of Ukraine, with threats to close the Strait of Hormuz — through which roughly 20% of the world’s oil transits — sending crude prices surging and reigniting inflation fears. Equities have…
Introduction Every financial system has an origin story. For Bitcoin, that story began with the Bitcoin Genesis Block—the first block ever created on the Bitcoin blockchain. For ZebPay users, understanding the Genesis Block is more than just crypto trivia. It explains why Bitcoin exists, what problem it was designed to solve, and why decentralisation matters…
Key takeaways: Bitcoin ETF outflows and a 31% drawdown from the peak have raised doubts, but metrics indicate that institutional investors are not abandoning Bitcoin. Bitcoin’s shifting correlation with gold and steady volatility suggest price behavior remains intact despite the short-term market pressure. Bitcoin (BTC) gained 3% on Tuesday after selling off to the $85,000…
Ethereum’s weekly All Core Developer calls are a lot to keep up with, so this “Checkpoint” series aims for high-level updates roughly every 4-5 calls, depending on what’s happening in core development. See the previous update here. tl;dr: The past month centered on locking in the scope of the Fusaka upgrade and final Pectra deployment…