A new set of stablecoin transfers has pushed Pump.fun back into the spotlight as questions over its recent activity resurface. Summary Pump.fun sent another $75M USDC to Kraken, bringing total transfers since Nov. 15 to $480M. The team denies cashing out, saying the movements are part of treasury management using USDC raised from its ICO. PUMP trades at $0.00294, down 38% over the…
Read more
Open interest in Ethereum has reached an all-time high on Kraken, suggesting coming volatility in either direction. Ethereum (ETH) could soon experience heightened price swings, according to new data from Kraken. Alexia Theodorou, Head of Derivatives at Kraken, said in a June 10 obtained by crypto.news that open interest on Ethereum contracts hit an all-time high, a…
Read more
Solana-based memecoin launchpad and trading platform Pump.fun’s total SOL deposits to Kraken amount to over $660 million: Is this a massive profit cash out or liquidity play? According to on-chain data, Solana-based memecoin generator Pump.fun quietly moved 132,180 Solana sol4.19%Solana, worth approximately $20.87 million, to Kraken on June 10, sparking speculation about its established pattern of revenue…
Read more
Pump.fun, the Solana-based meme coin launchpad, deposited 65,122 SOL ($11M) adding to its substantial exchange activity. According to a Feb. 20 X post by on-chain analytics firm Lookonchain, the platform has now transferred 2.35 million Solana sol3.35%Solana ($473 million) to Kraken and sold 264,373 SOL for $41.64 million USDC, while its total earnings stand at 2.93 million…
Read more
Kraken has announced upcoming listings for several tokens on December 11 and 12. The exchange will introduce FWOG fwog5.84%Fwog, GOAT goat-12.22%Goatseus Maximus, and SPX spx-1.05%SPX6900 on December 11. The following day, Kraken will facilitate the migration of DYDX ethdydx12.06%dYdX to the native dYdX blockchain, allowing users to trade the token on its decentralized ecosystem. Kraken and the U.S. crypto market This move aligns…
Read more
A California judge denied Kraken’s move to dismiss an SEC lawsuit and found the Commission’s crypto-securities argument acceptable. On Aug. 23, U.S. District Judge William H. Orrick ruled that the crypto exchange Kraken must face a Securities and Exchange Commission lawsuit alleging securities violations. The SEC’s complaint, filed in November 2023, claimed that some blockchain transactions executed…
Read more
Kraken’s chief security officer disclosed that a bug in the exchange’s funding system led to a $3 million loss after being exploited by rogue security researchers. American crypto exchange Kraken lost around $3 million worth of crypto in early June after a rogue “security researcher” exploited a bug in the exchange’s funding system. Kraken’s chief security officer…
Read more
The war between the Kraken crypto exchange and the U.S. SEC continues amid new statements from the platform. As Bloomberg writes, citing a new letter from Kraken filed earlier this week, the exchange accuses the regulator of incorrectly formulating its arguments in the charges. Kraken claims that the SEC used the terms investment “concept” and “ecosystem” instead of “investment…
Read more
