Kraken

Kraken launches ATH and APU token listings on Nov. 12

Published

2 weeks ago

November 12, 2024

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).

Big news, community 🚀
ATH will officially be listed on one of the biggest cryptocurrency trading platforms @krakenfx 🔥
🗓️ Date: 12-Nov-2024 (Tuesday)
⏰ Time: 14:00 UTC
Stay tuned 👀 https://t.co/yFC9TEK3Wi
— Aethir (@AethirCloud) November 8, 2024

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.

Kraken launches ATH and APU token listings on Nov. 12 - 1 — ATH token price chart in the past 24 hours, November 12, 2024 | Source: crypto.news

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.

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Altcoins

Kraken Joins Forces With Robinhood and Other Crypto Firms To Roll Out Global Dollar Stablecoin

Published

3 weeks ago

November 6, 2024

admin

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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funding

Kraken bags $42.5m from Optimism, Glow Labs raises $30m

Published

3 weeks ago

November 2, 2024

admin

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.

Nillion, $25 million

Nillion has raised $25 million from investors like Hack VC.
So far, the decentralized network for secure storage has raised $50 million.

Ellipsis Labs, $21 million

The platform that builds sustainable and efficient DeFi protocols has raised $21 million from HAUN.
Ellipsis Labs has raised a total of $23.3 million to date.

Chainway Labs, $14 million

The blockchain infrastructure company focused on Bitcoin, Ethereum, and Zero Knowledge technology has raised $14 million in a Series A round from Founders Fund and other investors.
Chainway Labs has raised $16.7 million so far.

Today, we announce our $14M Series A led by @foundersfund, joined by @maven11capital, @mirana, @erikvoorhees, @balajis, @bitfish1, @0xMert_ & more.
This will help us expand Bitcoin from digital gold to an active, programmable asset, with @CitreaOrigins driving this expansion 🧵 pic.twitter.com/DxkgoeLERH
— Citrea (@citrea_xyz) October 31, 2024

Gelato Network, $11 million

Gelato Network has raised $11 million in a Series A round led by HACK VC.
The decentralized backend for web3 has raised $23.2 million to date.

Sapien AI, $10.5 million

Sapien is a gamified Web3 platform where users play and train AI by completing various challenges.
The firm has raised $10.5 million in a seed round led by Variant.

PumpBTC, $10 million

The liquid staking platform has raised $10 million in a seed round.
Lead investors include SevenX Ventures, Mirana Ventures, etc.

BitSmiley, $10 million

BitSmiley encompasses a stablecoin, a lending platform, and a derivatives protocol.
The firm raised $10 million from various investors like Nxgen, IBC Group, etc.

Notable crypto VC funding rounds under $10 million

Spire Labs raised $7 million in a seed round.
Alliance Games raised $5 million in a Series A round.
81Ravens raised $4.5 million in a seed round.
Phylax Systems raised $4.5 million in a pre-seed round.
Nitro Labs raised $4 million in a seed round.
MagmaDAO raised $3.9 million in a seed round.
Native raised $2.6 million in a seed round.
Axal raised $2.5 million in a pre-seed round.
Streamflow raised $1.9 million.
Cap Labs raised $1.9 million in a pre-seed round.
KRNL Labs raised $1.7 million in a pre-seed round.

Have a peek at last week’s column here.

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crypto license

Kraken launches Bermuda-based crypto derivatives venue

Published

2 months ago

October 3, 2024

admin

Kraken has expanded its offshore with a new derivatives trading venue in Bermuda, licensed by the Bermuda Monetary Authority.

Kraken, a major global cryptocurrency exchange, has launched a new derivatives trading platform in Bermuda after securing a digital asset business license from the Bermuda Monetary Authority, according to a company press release.

The move comes as the U.S. Securities and Exchange Commission increases scrutiny on crypto exchanges, pushing firms like Kraken to seek offshore opportunities.

With the BMA license, Kraken can now offer its clients a range of crypto derivatives, including perpetual and fixed-maturity futures, using various types of collateral, such as fiat currencies and over 30 cryptocurrencies, the release said.

Derivatives are financial contracts that allow users to speculate on or hedge against the future value of assets. They have become a key feature in crypto trading and account for most of the trading volume globally. Offering derivatives helps clients manage risk efficiently while capitalizing on market opportunities.

Kraken in Bermuda

Bermuda has become an attractive destination for crypto businesses due to its clear regulatory framework. Kraken joins other major players like Coinbase and HashKey Global, which have also received BMA licenses.

Kraken’s new platform enables round-the-clock trading, reflecting the 24/7 nature of the crypto market, and aims to attract clients looking for a regulated venue with a broad range of derivatives products.

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