krak

According to The Defiant, the on-chain insurance protocol Firelight based on the Flare network announced on October 15 that its on-chain insurance has launched the Protected Strategies USDC vault for Kraken DeFi Earn, providing a collateral-backed compensation mechanism for specific protocol failures.The independent manager of the vault, Sentora, insures the vault rather than Kraken itself. Depositors do not need to actively choose to participate, but the insurance comes with conditions: Kraken discloses that the compensation limit for each deposit address during each insurance period is $100,000, and the total compensation amount is also constrained by the overall vault limit and available capital. Compensation is issued by Sentora in USDC to eligible wallets, and Kraken does not provide funds or guarantees.Firelight lists six types of failures that are eligible for compensation: smart contract vulnerabilities, oracle failures, governance attacks, and bad debts, depegging, or redemption failures caused by protocol mechanism failures. Insurance only applies to markets and positions recorded during the insurance period. Normal fluctuations, normal liquidations, depegging that operates as designed during redemption, and withdrawal delays caused by high organic utilization are excluded; insider theft, stolen private keys, phishing, and regulatory actions are also not covered.The trigger conditions for redemption failure are if the insured position cannot be withdrawn for more than 72 consecutive hours, or if the amount returned after deducting disclosed fees is less than 90% of fair value. Compensation does not require depositors to file claims themselves, as it is determined by a five-member risk committee through a three-fifths majority vote.On-chain records show that the insurance scale marked as "Kraken DeFi Protected" is $30.5 million.

According to The Block, Evernorth, which holds an XRP treasury and is listed on Nasdaq, announced that it will begin deploying its XRP holdings through an "institutional strategy" starting in the fourth quarter, with initial partners including Ripple and cryptocurrency exchanges Kraken, Coinbase, and BitGo.The company currently holds 473 million XRP, valued at approximately $648 million at current prices. Two days before this announcement, Evernorth began trading on Nasdaq under the ticker XRPN after completing a deSPAC merger with Armada Acquisition Corp. II.Founder and CEO Asheesh Birla stated that the company is putting its treasury to work and is choosing to start with strong institutional trading counterparts within the industry. Evernorth's goal is to generate returns from its XRP holdings and increase the per-share holdings, rather than simply pursuing accumulation; the announcement did not specify how much XRP will be deployed. The company also plans to expand into lending and on-chain DeFi strategies once relevant features on the XRP Ledger are available.This strategy is led by newly appointed Chief Investment Officer Hugo Jeandesboz, who previously served as Co-Chief Investment Officer at Coinbase Asset Management. Jeandesboz stated that this requires a set of treasury strategies, a risk framework, and counterparties that can be clearly explained to the board of directors of the listed company. The XRPN stock price has remained relatively flat since opening at $16.68 on Monday, closing at $16.48 on Tuesday, and slightly rising to $16.6 in after-hours trading.

According to Lookonchain monitoring, an Ethereum OG address that bought ETH for $14 nine years ago (0x8AC...aA93) deposited 6,369 ETH, worth $15.95 million, to Kraken about 40 minutes ago.

According to the Financial Times, Kraken will acquire Saldo Bank, which is regulated by the European Union, with the transaction expected to be completed in 2027.

According to Solid Intel, Kraken's parent company Payward has obtained full regulatory approval from the Dubai Virtual Assets Regulatory Authority (VARA). Kraken plans to launch in the UAE and support deposits and withdrawals in UAE Dirhams.Previously, Payward received preliminary approval for a VARA brokerage and investment management license in May 2026.

According to on-chain analyst Yu Jin's monitoring, 4 hours ago, 2 wallets associated with the Ethereum Foundation (0x4c4...2b94, 0x999...0229) transferred 4,393 ETH to Kraken, worth 11.13 million dollars.The wallet that transferred out ETH received 59,800 ETH from the Ethereum Foundation wallet 10 years ago, of which 49,800 ETH has been gradually transferred to Kraken over the past 10 years at an average price of about 658 dollars.

According to CoinDesk, citing two individuals with direct knowledge, Kraken's parent company Payward is in talks with Wells Fargo to become its cryptocurrency liquidity provider. Under the potential arrangement, Wyoming-based Payward would supply liquidity for digital asset trading. The individuals requested anonymity as the matter is not yet public, negotiations are ongoing, and an agreement may not be reached. Both Payward and Wells Fargo declined to comment.The report states that cryptocurrency exchanges often serve as a gateway for banks and institutional investors to access digital asset liquidity, providing access to trading venues and assisting in order execution. Wells Fargo previously served as the exclusive capital markets advisor for Nasdaq, which agreed in September to invest $100 million in Payward and deepen collaboration in tokenized stocks and market surveillance. CoinDesk also reported that Payward was in talks last week with custodian bank BNY regarding financial infrastructure collaboration.

The Kraken status page shows that the exchange is investigating the issue causing delays in ETH and ERC20 token withdrawals.

According to on-chain analyst Yu Jin's monitoring, a certain whale redeemed 3,659 ETH (9.93 million USD) from Ethereum staking after a year and transferred 5,513 ETH (14.97 million USD) to the exchange Kraken 10 minutes ago.

According to The Block, Kraken's parent company Payward has partnered with Singapore Gulf Bank to provide 24/7 settlement services for institutional digital asset clients.Payward stated that it has connected to the bank's real-time multi-currency clearing network SGB Net. Initially, this settlement service will offer USD transaction settlements to select clients, with plans to expand to more currencies in the future.

According to CoinDesk, informed sources revealed that the custody bank giant BNY is in talks with Payward, the parent company of the cryptocurrency exchange Kraken, for a broad collaboration covering digital assets and financial market infrastructure. The potential agreement may involve areas such as crypto products, custody, wealth management, trading, payments, and infrastructure, with related services provided through Payward Services, which targets banks, exchanges, and asset management institutions.One source indicated that part of the proposed collaboration may be similar to the infrastructure component of the recent agreement Payward reached with Nasdaq. Negotiations are still ongoing, and there is no guarantee that an agreement will be reached; both Payward and BNY declined to comment. BNY, formerly known as Bank of New York Mellon, provides custody, asset services, clearing, and wealth management services to institutional clients and has been developing tokenized deposits to support near real-time on-chain settlements among institutional market participants.Reaching an agreement with BNY would further promote Payward's efforts to connect digital asset businesses with traditional financial institutions. Last month, Nasdaq Ventures agreed to invest $100 million in Payward at a valuation of $21 billion, expanding the collaboration between the two parties in tokenized stocks. Under the agreement, both parties will continue to develop the operational and commercial infrastructure for Nasdaq stock tokens, and Payward will also adopt Nasdaq's market surveillance technology in its cryptocurrency, stock, tokenized stock, futures, and options trading venues, with both parties expecting to launch Nasdaq stock tokens in the second quarter of 2027.

According to on-chain analyst Yu Jin's monitoring, a certain whale transferred 5.97 million USDC into Kraken 5 hours ago, and then withdrew 39,018 AAVE from Kraken 3 hours ago, worth 6.2 million USD.

The cryptocurrency exchange platform Kraken's coin listing account announced that WOJAK will be launched soon, with trading starting on September 30.The account introduced that WOJAK corresponds to the account wojakcto, which is a community takeover of Feels Guy. Feels Guy is a bald, melancholic MS Paint character that has been popular on image forums since 2009.

According to CoinDesk, Kraken's parent company Payward has invested billions of dollars over the past two years, expanding into futures and derivatives, tokenized stocks, and banking through acquisitions and self-built businesses, aiming to integrate trading, payments, asset management, and institutional services into a unified financial infrastructure.Payward's co-CEO Arjun Sethi stated that the company is not a holding company, but "a set of platforms, a balance sheet, a regulatory framework," with the core being to facilitate the flow of funds and assets between different businesses through "a single ledger."Payward has currently enhanced the U.S. futures and derivatives infrastructure through acquisitions such as NinjaTrader and Bitnomial, and plans to acquire a bank in Europe; its B2B infrastructure division Payward Services currently has at least 25 companies using its API, including Hyperliquid. In the second quarter of 2026, Payward's adjusted revenue was $508 million, a year-on-year increase of 17%.

According to on-chain analyst Yu Jin's monitoring, 15 minutes ago, a certain whale transferred 541,000 HYPE to Kraken, worth 49.54 million USD.This batch of HYPE was withdrawn from Coinbase Prime half a month ago at an average price of 73.9 USD; this time it was transferred to Kraken at a price of 91.5 USD, expecting a profit of 9.52 million USD.

According to Onchain Lens monitoring, BitMine today accumulated and withdrew 12,500 ETH from Kraken, worth approximately 34.56 million USD; three weeks ago, BitMine also accumulated and purchased 20,000 ETH from Kraken, worth approximately 48.89 million USD.

David Ripley, co-CEO of the American cryptocurrency exchange Kraken, stated that Europe is taking a more pragmatic approach to cryptocurrency regulation, and the Markets in Crypto-Assets Regulation (MiCA) provides clarity for market rules; in contrast, the regulatory environment in the United States is more confrontational.Ripley pointed out that the CLARITY Act is progressing slowly, and related work has been ongoing for many years. He believes that if the United States continues to delay advancing cryptocurrency regulatory legislation, it may cede its leadership in financial innovation to the European Union. Kraken obtained a MiCA license from the Central Bank of Ireland (CBI) in June 2025, allowing it to operate in 30 member countries of the European Economic Area (EEA).

According to Arkham monitoring, the whale address bc1py deposited 1,651.82 BTC into Kraken, worth approximately 126.69 million dollars. The related BTC was withdrawn from Kraken in April this year and then transferred back to the exchange after being moved through two newly created wallets.Currently, the balance of this address has been cleared, with an expected profit of about 15.21 million dollars.

Kraken's parent company Payward plans to offer on-chain perpetual futures to U.S. customers through the decentralized perpetual contract platform Hyperliquid. Bitnomial will deploy and clear the HIP-3 market, while NinjaTrader Clearing will host customer accounts.Payward stated that this will be the first registered U.S. exchange and clearinghouse to deploy a market on Hyperliquid.

Kraken's official listing account announced that TREAD will be launched soon, with trading starting on September 16.TREAD is a token used in algorithmic trading terminals and the agency trading ecosystem, which is aimed at the digital asset market.