Kraken is set to launch ATH, the native token issued by Aethir, alongside the viral meme coin Apu Apustaja. Both ATH and APU will be available for trading on Nov. 12.

The Aethir native token will be available for trading on the Kraken crypto exchange starting from Nov. 12 at 14:00 UTC. According to Kraken’s listing roadmap, ATH will be launched alongside the Apu Apustaja meme coin on Nov. 12.

Ahead of ATH’s launch, Kraken has provided a price page for traders to monitor its price. The page includes a disclaimer that Aethir (ATH) is not yet available on Kraken, though this will soon change.

Kraken has 17 new listings upcoming in the near future, these include meme coins like GOAT(GOAT), NEIRO(NEIRO), FWOG(FWOG), DOGS(DOGS) and COW(COW).

Based on data from crypto.news, the Aethir token has been hiking up 17.14% in the past 24 hours. Since Kraken announced its listing, Aethir’s token price has gone up by 12.29% and is now trading hands at $0.07. Aethir currently holds a market cap of more than $280 million and a fully diluted valuation of $2,90 billion.

In the past week, the Aethir token has gone up by 54.41%, possibly riding high off the Bitcoin rally that has reached a new all time high of $89,604.

On the other hand, the Apu Apustaja meme coin hasn’t seen much movement in the past day. According to data from CoinGecko, the APU token has gone down by 1.4% in the past hour leading up to the Kraken launch.

APU has gone down by nearly 3% in the past 24 hours and is currently trading hands at $0.000982. The Apu Apustaja meme coin holds a market cap of $326 million and a fully diluted valuation of $338 million.

What are APU and ATH?

The Aethir native token, ATH, launched on June 12, 2024, initially on the LBank Exchange. The ATH utility token is essential in building the Aethir DePIN stack and is used as a form of payment on the Aethir network, such as for renting GPU resources for AI and cloud gaming.

Aethir is a Web3 DePIN firm that aims to democratize GPU access through decentralized cloud infrastructure.

Apu Apustaja started as an internet meme depicting a cartoon frog in a blue shirt. On March 11, 2024, Apu Apustaja was launched as a meme coin on the Ethereum blockchain. With a market cap exceeding $300 million and a strong community, APU is listed on exchanges like MEXC, BitGet, and Gate.

The stablecoin issuer Paxos partnered with the crypto exchange Kraken, the retail trading giant Robinhood and a handful of other digital asset firms to launch a new stablecoin network for enterprises.

The new “Global Dollar Network” is an open network that aims to increase stablecoin usage around the globe, according to a new press release from Paxos.

The new network’s native stablecoin is the Global Dollar (USDG), which Paxos issues out of Singapore. The stablecoin firm notes that the asset is designed for enterprises and will be compliant with the Monetary Authority of Singapore’s upcoming stablecoin framework.

Explains Charles Cascarilla, the chief executive and co-founder of Paxos,

“Stablecoins are replatforming the financial system and revolutionizing how people interact with US dollars and payments. However, the leading stablecoins are unregulated and retain all the reserve economics. Global Dollar Network will return virtually all rewards to participants and is open for anyone to join. It is designed to incentivize global stablecoin usage and accelerate societal-wide adoption of this technology.”

The crypto investment giant Galaxy Digital, the digital asset infrastructure provider Anchorage Digital, the exchange Bullish and the payment tech firm Nuvei also serve as partners on the project.

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This week, crypto exchange Kraken stole the show with its $42.5 million grant raise from Optimism.

Kraken has disclosed its latest decision to launch Ink, a layer-2 on the Optimism (OP) blockchain. As a part of the deal, Optimism has announced that they will offer $42.5 million, or 25 million OP tokens.

This has brought the exchange’s funds raised to date to $164.8 million. Crypto.news dug deeper into the firms that raised the most capital from Oct. 27 to Nov 2.

Here are the firms that bagged million-dollar amounts during this period, according to data from Crypto Fundraising.

Glow Labs, $30 million

• Glow Labs is a community-powered platform that aims at ramping up global solar energy adoption.
• The firm raised $30 million from Framework and Union Square Ventures.