Author: Kryptonews

Kraken-backed KRAKacquisition Corp has completed an upsized $345 million initial public offering, listing its special purpose acquisition company units on Nasdaq to pursue future mergers or acquisitions.According to a Friday announcement, the special purpose acquisition company (SPAC) sold 34.5 million units at $10 each, including the full exercise of the underwriter’s over-allotment option. Each unit consists of one Class A ordinary share and one-quarter of a redeemable warrant exercisable at $11.50 per share.The units began trading on the Nasdaq Global Market under the ticker symbol KRAQU on Wednesday.KRAKacquisition was formed as a SPAC, also known as a blank-check company, which…

Tether, issuer of the world’s most popular stablecoin USDT, wrapped up 2025 with a net profit of over $10 billion, the company reported Friday, bolstered by steady growth in its flagship token and growing exposure to U.S. Treasuries and gold.The fourth-quarter attestation, signed by accounting firm BDO Italy, showed Tether holding $6.3 billion in excess reserves, a buffer over its $186.5 billion in liabilities tied to issued tokens. USDT’s circulating supply grew by $50 billion over the year, to over $186 billion.The firm continued ramping up its holdings of U.S. Treasuries, reaching $122 billion in direct exposure and $141 billion…

Bitcoin’s (BTC) price has dropped 14.5% in the past 16 days, pushing the Crypto Fear & Greed Index to 16 (Extreme Fear), which is its lowest rating year-to-date. Crypto Fear & Greed Index. Source: alternative.meWhile selling has dominated markets over the past two weeks, Bitcoin derivatives data suggest the current trader positioning may lead to a recovery. Analysts are now weighing whether the latest sell-off has created conditions for a relief rally. Key takeaways:Binance open interest has climbed more than 30% from its October 2025 lows, confirming rising activity within the Bitcoin futures market. A move toward $92,000 may put over…

As gold and silver continue to hit new record highs, smaller-cap metals such as copper are also attracting capital inflows. Blockchain technology could serve as a bridge, enabling this capital to enter the crypto market through tokenization.Several indicators suggest that copper may be entering a rally similar to silver, and tokenized copper could see explosive growth in 2026.Sponsored Copper Demand Could Keep Rising Sharply Over the Next 15 YearsToto Finance, an institutional commodity tokenization platform, forecasts that global copper demand could reach around 42 million tons by 2040. Meanwhile, supply is expected to peak around 2030 and then decline.Copper Demand…

Bitcoin (BTC) has long been promoted by its most ardent supporters as a hedge against monetary debasement, but as the US dollar slides to multi-year lows, the market’s clearest flight to safety is emerging elsewhere: in gold.Over the past year, investors have rediscovered the precious metal through both traditional channels and blockchain rails. Tokenized gold products like XAUt are gaining traction alongside spot prices, offering digital-native exposure to a centuries-old safe haven as inflation concerns and currency stress intensify.Bitcoin is still very much in the picture, though increasingly as a secondary beneficiary. Actively managed exchange-traded funds (ETFs) are pairing BTC…

SoFi Technologies reported record fourth-quarter revenue of $1 billion as the US fintech bank reintroduced consumer crypto-based products.According to its earnings report released Friday, adjusted net revenue rose 37% year-on- year to $1 billion, while GAAP net income reached $173.5 million in the last quarter. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 60% to $317.6 million. SoFi reported total fee-based revenue of a record $443 million for the quarter, and total members grew about 35% to 13.7 million. SoFi added 1.6 million new products in the quarter, driving total financial services products up 38% year over year…

Chung Sang-hwa, a central figure in Korean modern art, died on January 28 after a prolonged illness. He was 93. The news was reported by the Korea Times. Chung is best known for his affiliation with Dansaekhwa (or “monochrome painting”), a mode of abstract art that emerged in the mid-1970s in Korea and which found new interest in the West in the 21st century. With roots in Korea’s earlier, more expressive Informel painting of the late 1950s and 1960s, Dansaekhwa was distinguished by labor-intensive processes, repetitive gestures, and low-key palette. In addition to Chung, practitioners associated with Dansaekhwa include Park…

London-based subscription platform OnlyFans is reportedly negotiating the sale of a 60% stake to California private equity firm Architect Capital. Summary OnlyFans is reportedly selling a 60% stake. Fenix International, OnlyFans’ parent company, invested about $19.9 million in Ethereum during 2021–2022. By November 2022, falling crypto prices caused an $8.45 million impairment; whether the company still holds the assets remains to be seen. According to the Wall Street Journal, the deal could value the company, known for its X-rated content, at $3.5 billion, or $5.5 billion including debt. Architect Capital, which specializes in restructuring complex businesses, aims to improve payment…

AltcoinInvestor.com Daily DigestOpening Note:Welcome to another edition of the AltcoinInvestor.com Daily Digest, your go-to source for the latest updates, expert insights, and data-driven commentary from across the cryptocurrency and blockchain industry. As decentralized technology continues to evolve at breakneck speed, staying informed isn’t just helpful—it’s essential. Whether you’re a seasoned investor or just dipping your toes into crypto waters, today’s issue is packed with powerful insights to sharpen your understanding and keep you ahead of the curve.Market Recap:The crypto markets saw a roller coaster this past week, marked by significant volatility, a few standout performers, and shifting investor sentiment across…

Where bitcoin trades from here: Expect patience before the next leg higher.Hougan expects bitcoin to trade sideways between roughly $75,000 and $100,000 in the first half of the year.“There’s still a lot of Bitcoin for sale around $100,000,” he said, pointing to options-market positioning.A breakout is more likely later in the year as regulatory clarity improves and macro risks are digested.Why precious metals matter: Gold’s rally reinforces bitcoin’s long-term case.Hougan said the surge in gold reflects global concerns about fiat currencies and asset seizure risk.Silver, he added, looks like a late-stage momentum trade, similar to a speculative altcoin rally.Over time,…