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Crypto Fundraising Soars to $1.76B in October, Highest Since November 2023

The total amount raised in the crypto industry during October 2024 saw a significant increase of 96% month-over-month, reaching $1.76 billion. According to Messari’s latest report, this represents the highest level of fundraising activity since November 2023. 282 Crypto Deals in October The report shows that the deal count in October increased by 25% compared […]

Crypto Companies Pour $170M into Premier League Sponsorships

According to a September 7 report by Bloomberg, Premier League (PL) clubs have secured a record-breaking $170 million in sponsorship deals from crypto companies for the 2024/25 season. This uptick comes as league participants face tightening restrictions on gambling sponsorships, which have traditionally been a major source of revenue for them. Crypto Sponsorships on the […]

This Popular Crypto Exchange Extends Support for Shiba Inu (SHIB): Details

TL;DR Kraken added Shiba Inu as collateral for futures trading, enhancing its support for the popular meme coin. Robinhood and Coinbase have also enabled new trading services for SHIB earlier this year. SHIB’s Adoption on the Rise The US-based cryptocurrency exchange Kraken officially listed Shiba Inu (SHIB) on its platform in November 2021. Since then, […]

Kraken Institutional Debuts Custody Services in UK, Australia Crypto Markets

Kraken Institutional, the specialized division catering to institutional investors of US-based crypto exchange Kraken, has announced the international expansion of its custody services into the UK and Australia. This move marks its first venture following its initial launch earlier this year. Kraken Custody’s Expansion According to the official press release, institutional clients in the UK […]

Kraken and Spanish Football Club Atlético de Madrid Shake Hands on a Major Sponsorship Deal: Details

TL;DR Kraken has partnered with Atlético de Madrid as its Official Crypto and Web3 Partner and Official Sleeve Partner, aiming to bridge the cryptocurrency industry and the sports world. The initiative aims to enhance fans’ digital experiences and promote cryptocurrency education. The Terms of the Collaboration The US-based cryptocurrency exchange – Kraken – announced its […]

More Crypto Donations: Kraken Co-Founder Gives $1M in ETH to Donald Trump

Jesse Powell, the co-founder and chairman of the cryptocurrency exchange Kraken, has donated $1 million in digital assets to the United States presidential campaign of the pro-crypto candidate Donald Trump. In a Friday tweet, Powell revealed that the donation was mainly in ether (ETH). The Kraken founder has now declared publicly his support for Trump […]