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Kraken Raises $500M at $15B Valuation Amid Rising IPO Buzz

Kraken has reportedly secured $500 million in funding at a $15 billion valuation as it positions itself for a potential initial public offering (IPO). This funding round, first reported by Fortune, signals growing speculation surrounding the company's IPO plans. While Kraken has not yet filed the necessary regulatory

AI Isn't Taking Your Job Yet—But It Might Soon, OpenAI Data Suggests

OpenAI's GDPval benchmark has revealed that AI, particularly models like Claude and GPT-5, is matching human experts in various professional tasks such as legal briefs, coding, and report generation. The study assessed 1,320 tasks across 44 occupations, particularly focusing on roles that rely heavily on digital work,

Bitcoin price ignores PCE inflation as bears eat through $109K support

Bitcoin's price continues to decline, dipping below the critical $109,000 support level, as bears target this mark during the last Wall Street open of the week. Despite recent US PCE inflation data aligning with expectations, crypto traders remain cautious, with significant selling pressure noted. Bitcoin is now

Chainlink Price News: Slips to 6-Week Low at $20, But Potential Trend Shift Emerges

Chainlink's native token, LINK, has dropped to a six-week low of $20, marking a nearly 28% decline from its August highs amid a generally bearish market. Despite this downturn, buying interest remains strong. A notable purchase of $4 million in LINK by wealth management firm Caliber has raised

Riot Platforms Gets Double Upgrade on AI Pivot

Riot Platforms (RIOT) received dual upgrades from JPMorgan and Citigroup, reflecting a positive shift in investor sentiment regarding the bitcoin mining company amid evolving industry conditions and a focus on high-performance computing. JPMorgan upgraded Riot’s rating to overweight from neutral and increased its price target to $19, citing it

Kraken closes $500M round: Report

Kraken has completed a $500 million funding round, valuing the crypto exchange at $15 billion and moving closer to a potential IPO now anticipated in 2026. The round included various investment managers, venture capitalists, and co-CEO Arjun Sethi through Tribe Capital. Founded in 2011, Kraken has built a strong reputation

Who’s in the running to become the next CFTC chair?

As President Donald Trump's second term unfolds, the CFTC still lacks a permanent chair. Although Brian Quintenz was favored for the role, confirmation stalled due to White House requests. Names like Michael Selig, Tyler Williams, Jill Sommers, Kyle Hauptman, and Josh Stirling have surfaced as potential candidates. Selig