Kraken Delays IPO Due to Challenging Crypto Market Conditions: Report

CEO Brian Armstrong refutes claims of White House anger towards Coinbase, emphasizing ongoing discussions and collaboration. The industry remains divided on the issue of stablecoins paying yields, with differing opinions on regulatory control.

Canaan, a Bitcoin mining hardware maker, must raise its share price above $1 for 10 consecutive days by July to avoid delisting from Nasdaq. The company could opt for a reverse stock split to boost its share price.

South Korea is implementing stricter regulations on crypto platforms through app stores, requiring registration as virtual asset service providers to remain listed. The legislation establishes a legal framework for security token offerings, with laws set to take effect in January 2027.

Riot Platforms (RIOT) has purchased land in Texas for $96 million, funded by selling 1,080 bitcoins. The company also signed a Data Center Lease and Services Agreement with AMD, expecting $311 million in revenue. With over 1,100 acres and 1.7 GW of power capacity, RIOT solidifies its position in the Texas Triangle.

Cathie Wood's analysis compares Bitcoin's capped supply favorably to gold's increasing demand, suggesting Bitcoin's price could benefit more from rising demand due to its inelastic supply schedule.

The CRYPTO Act proposed by Manhattan District Attorney Alvin Bragg and New York State Senator Zellnor Myrie aims to criminalize unlicensed crypto operations, addressing the growing underground economy fueled by cryptocurrency. Violations could lead to penalties ranging from a Class A misdemeanor to a Class C felony.

Nexo signed a multi-year sponsorship deal with the Audi Revolut Formula 1 team, following a recent partnership with the Australian Open. The agreement, valued at tens of millions of dollars, grants Nexo category exclusivity for digital assets in a strategic brand embedding move.

Ondo Finance is gearing up for its third round of token unlocks, increasing the circulating supply by 61%. Private sale investors, including Pantera Capital and Peter Thiel’s Founders Fund, will be able to cash out $122 million. Token unlocks aim to prevent immediate selling and promote long-term value creation.

Two Prime has been chosen by Digital Wealth Partners to manage approximately $250 million in bitcoin for its clients, showcasing increasing institutional trust in specialized crypto managers. The partnership aims to provide professional strategies integrating risk management, yield generation, and operational transparency.

The shift towards political announcements driving market movements over internal metrics is evident in Bitcoin's lagging performance in 2025. Policy signals are now exerting more influence than the traditional four-year cycle, with quasi-QE and fiscal dominance shaping the market backdrop.