
Kraken Reportedly Secures $500M at $15B Valuation
Cryptocurrency exchange Kraken has reportedly raised $500 million in a new funding round, pushing its valuation to $15 billion amid growing IPO speculation.
Aaron Hayes is a corporate finance correspondent for Wealtoro, specializing in venture capital, mergers and acquisitions, and the financial strategies of technology companies. He reports on major funding rounds and corporate pivots shaping emerging industries.
Cryptocurrency exchange Kraken has reportedly raised $500 million in a new funding round, pushing its valuation to $15 billion amid growing IPO speculation.
Alibaba Group's stock rose 8.19% after the company announced increased AI spending, a new large language model, and a strategic partnership with Nvidia.
Stablecoin issuer Tether is in early-stage talks for a funding round of $15-20 billion, which could value the company at an estimated $500 billion.
Tether, the issuer of the USDT stablecoin, is reportedly in talks to raise up to $20 billion in a funding round that could value the firm at $500 billion.
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