PEPE and SHIB flowed into US and European exchanges as $120 million in bitcoin left
DeepSea's weekly data shows Western exchanges nearly flat overall, at minus $54.98 million. Under the surface, memecoins were deposited, bitcoin was withdrawn, Kraken lost 1,526 BTC and one $399.78 million USDC transfer left Coinbase.
Binance took in 18,435 BTC in two weeks while $6.81 billion in stablecoins walked out
DeepSea's data shows about $1.5 billion in bitcoin flowing into Binance in early October, just as billions in USDT left. Kraken saw the opposite, and the price fell anyway.
Kraken's owner is buying a bank in Lithuania. What does that unlock in the EU?
Payward agreed to buy Saldo Bank, a digital lender licensed in Lithuania and active in four EU markets. If regulators approve, Kraken's parent could offer Europeans deposits, loans and cards from its own bank.
Nasdaq will put $100 million into Kraken's parent, with tokenized stocks due in 2027
Nasdaq's venture arm is backing Payward, and the two plan to link Nasdaq Equity Tokens, due in the second quarter of 2027, with Kraken's xStocks. Payward will also adopt Nasdaq's market surveillance technology.
Kraken's parent plugs into SoFi: 24/7 dollar settlement and a bank-issued stablecoin
SoFi will route some crypto trades for its 15.8 million members through Kraken Prime, and Kraken will list SoFiUSD, a stablecoin issued by SoFi Bank. Kraken's institutional clients also get dollars that settle at any hour, weekends included.