Here are the latest updates from the crypto world
One of the world's largest cryptocurrency exchanges, Kraken, said on Thursday that it would purchase the retail futures trading platform NinjaTrader for $1.5 billion. This is a deal that will allow it to expand into multiple asset classes and grow its user base.
According to Reuters, the acquisition comes at a time when the crypto industry is optimistic about more relaxed regulation under U.S. President Donald Trump, who courted crypto donors during the election and promised to support the sector.
Industry leaders are hoping for changes in policies that can lower enforcement actions, promote institutional adoption and create clearer rules for digital asset trading.
Earlier this month, the lawsuit accusing Kraken of operating illegally as an unregistered securities exchange was dismissed by the
According to CoinMarketCap, Kraken is the world's tenth-ranked cryptocurrency spot exchange based on traffic, liquidity, trading volumes and confidence in the legitimacy of reported trading volumes.
The US regulatory filings show, that Canary Capital, an asset manager, has filed to list an exchange-traded fund (ETF) holding Pengu (PENGU), the governance token of the Pudgy Penguins non-fungible token (NFT) project.
With altcoins and memecoins., this ETF is the latest in a slew of filings for new US investment products tied to spot cryptocurrencies.
The ETF is intended to hold spot PENGU as well as various Pudgy Penguins NFTs. It would be the first US ETF to hold NFTs if approved, according to the filing.
Additionally, the filing also said, “the Trust will also hold other digital assets, such as SOL and ETH, that are necessary or incidental to the purchase, sale and transfer of the Trust’s PENGU and Pudgy Penguins NFTs."
According to CoinGecko, PUDGY was launched in December and has a roughly $ 438 million market capitalization as of March 20.
PumpSwap, has been launched by Pump.fun which is its own decentralized exchange (DEX). It is potentially displacing Raydium as the primary trading venue for Solana SOL$128.21 memecoins.
In a post on X, PumpSwap said, starting on March 20, memecoins that successfully bootstrap liquidity, or “bond,” on Pump.fun will migrate directly to PumpSwap.
Earlier, bonded Pump.fun tokens migrated to Raydium, which then emerged as Solana’s most popular DEX largely thanks to memecoins trading activity.
As per Pump.fun, PumpSwap “functions similarly to Raydium V4 & Uniswap V2” and is designed “to create the most frictionless environment for trading coins.”
Pump.fun said, “Migrations were a major point of friction - they slow a coin’s momentum and introduce needless complexity for new users.