Kraken

FTX, the bankrupt crypto exchange, is set to begin another round of creditor repayments on September 30, 2025, after repaying nearly $6.2 billion. Former CEO Sam Bankman-Fried has been sentenced to 25 years in prison for fraud and conspiracy. The upcoming payments will be distributed via BitGo, Kraken, and Payoneer, with the disputed claim reserve reduced to $4.3 billion.

June 2025 saw significant movements in the crypto space with over $1 billion invested in spot Bitcoin ETFs as the dollar weakens. Ripple hit legal challenges with a federal judge denying their appeal over a $125 million penalty, while Kraken expanded globally by launching 'Krak,' their peer-to-peer money app across 110 countries. Galaxy Digital raised $175 million focusing on DeFi and stablecoins, and the real-world asset tokenization market surged 380% to $24 billion. Despite legal setbacks and market volatility, cautious optimism remains.

On July 4th, 2025, the U.S. SEC, led by Chair Paul Atkins, expressed support for stock tokenization, signaling a shift to clearer regulations. Major platforms like Robinhood, Kraken, and Gemini are launching tokenized equity offerings on blockchains such as Arbitrum and Solana, promising enhanced liquidity and market access. Bitlet.app's crypto installment service makes it easier than ever to engage with these innovations.

Kraken obtains Restricted Dealer registration under Ontario Securities Commission rules, bolsters compliance, appoints Cynthia Del Pozo for North America, and launches free Interac e-Transfer deposits to support Canadian crypto investors.

Kraken will align its Terms of Service with the new EU-wide MiCA regulations effective August 1, 2025, ensuring compliance with the latest crypto-asset regulatory standards. This change highlights the evolving landscape of crypto regulations in Europe. Meanwhile, platforms like Bitlet.app continue to offer user-friendly crypto purchase options such as Crypto Installment plans to help users buy cryptos flexibly.

The Senate Banking Subcommittee held a hearing on February 26, 2025, focusing on bipartisan legislative frameworks for digital assets. Experts from legal, exchange, and academic fields shared insights to shape future crypto regulations. Related educational content on crypto policy is available from August 2025.

Explore the latest IPO and fundraising developments of major crypto players like Kraken, Gemini, Ripple, and Circle as of early 2025. Learn how these companies are navigating legal battles, market challenges, and strategic moves towards public offerings. Plus, discover how Bitlet.app makes investing in crypto easier with flexible installment options.

Kraken's Global Head of Policy, Jonathan Jachym, urged the U.S. Senate Banking Subcommittee to pass comprehensive crypto legislation, highlighting the need for a unified regulatory framework that fosters innovation and protects consumers.

Kraken's global head of policy highlights the critical importance of establishing clear crypto market structure regulations in the U.S. to foster innovation and protect investors. This move is vital for the maturity and stability of the crypto sector.

Ether Machine, supported by Blockchain.com and Kraken, plans a Nasdaq debut via a SPAC merger, boasting over 400,000 Ether and aiming to become the largest public platform for institutional Ethereum exposure.