🚀 Kraken, one of the world's largest crypto exchanges, just made a massive move in the financial world!

💥 The company has acquired NinjaTrader, a traditional financial trading platform, for a whopping $1.5 billion.
💰 This is the largest deal ever of a Bitcoin company taking control of a traditional financial company, and it marks a significant step towards the mainstream adoption of crypto.
🌟 Get ready for a new era of finance, where crypto and traditional markets are integrated like never before! 💪

#Kraken #NinjaTrader #crypto #TraditionalFinance #Merger #Acquisition #Blockchain #FinancialMarkets

🚨 JUST IN: Kraken is close to a $1.5 billion acquisition deal for NinjaTrader which would allow the exchange to offer crypto futures and derivatives in the US, per WSJ.

Pumpfun(pumpdotfun) deposited 196,370 $SOL($25.3M) to #Kraken again 2 hours ago.

So far, #Pumpfun has deposited 2,629,656 $SOL($511M) to #Kraken at $194 and sold 264,373 $SOL for 41.64M $USDC at $158.

#Pumpfun has earned a total of 3,184,205 $SOL($402.5M).

https://solscan.io/account...

JUST IN:
Kraken's IPO Plans Resume as SEC Drops Unregistered Broker Case

Kraken's plans for an initial public offering (IPO) are moving forward after the U.S. Securities and Exchange Commission (SEC) dropped a lawsuit against the cryptocurrency exchange that accused it of operating as an unregistered broker.

This lawsuit had previously stalled Kraken's IPO ambitions, which had faced numerous challenges, including regulatory scrutiny and adverse market conditions since 2023.
Following the SEC's decision, which included no admission of wrongdoing and no penalties, Kraken's leadership is optimistic about entering public markets as soon as early 2026.

FTX's estate is beginning its payment plan today, though the initial distribution will be approximately $1.2 billion rather than $2.4 billion.

- Starting today, FTX will begin repayments to creditors with claims of $50,000 or less ("convenience class" creditors).
-These creditors will receive approximately 119% of their claimed amount, including principal plus interest.
- Payments must be completed within 60 days of the effective date.

Market Impact Analysis:
- Analysts estimate approximately $2.4 billion may flow back into crypto markets following the distribution
- $3.9 billion of total claims were acquired by credit funds, which typically won't reinvest in crypto assets
- 33% of remaining claims belong to sanctioned countries, individuals without KYC verification, or those unable to claim funds

Total Distribution Scope:
- Total estimated distribution will range between $14.7 billion and $16.5 billion
- BitGo and Kraken have been designated to manage initial distributions for retail and institutional customers in supported jurisdictions
- Creditors must complete KYC verification and submit tax forms through the FTX Debtors' Customer Portal to receive payments

MANY WILL INVEST IN #bitcoin 🚀

Kraken has successfully received Mt. Gox funds and will disburse them in the next 1-2 weeks

#BTC #bitcoin #Kraken #MtGox

Bitcoin bottom signal? German gov’t runs out of BTC to sell
Bitcoin’s

price could be on track to begin the reaccumulation phase as the German government is down to its last few thousand BTC

The German government’s Bitcoin wallet has decreased to just 3,856 BTC, only three weeks after it began selling.

As a result, the additional $222 million in selling pressure has pushed BTC’s price below $60,000 over the past week. However, signs of a potential bottom are beginning to emerge.

In its latest transactions on July 12, the wallet transferred 800 BTC to the Kraken exchange, 500 BTC to wallet “bc1q,” and another 1,000 BTC to wallet “139p.