Kraken Valuation Boosts Crypto Exchange Sector by 3.24%
Kraken's Potential $20 Billion Deal
- Kraken is in preliminary discussions for a $20 billion acquisition with an unnamed investor.
- The deal may include a strategic investment of $200 million to $300 million.
Valuation Impact on Crypto Exchanges
- Kraken's valuation has increased from $15 billion, possibly due to heightened corporate interest and regulatory approvals.
- The centralized exchange sector saw a 3.24% increase, reaching a market cap of $162 billion.
Exchange Tokens Performance
- BNB rose by 3.3% to $972, driven by liquidity and speculative interest.
- FTX’s FTT token increased by 3%, trading at $0.90, amid creditor repayment anticipation.
- OKB and Bitget’s BGB also gained, while Cronos (CRO) and LEO underperformed.
Best Wallet Presale Success
- Best Wallet (BEST), a multi-chain storage solution, raised over $16.1 million in its presale.
- The project targets the $11 billion non-custodial wallet market with institutional-grade security.
