Kraken Valuation Surges Ahead of IPO, Bitwise Launches Hyperliquid ETF

Cryptocurrency exchange Kraken is making moves ahead of its planned public listing, seeking a valuation of $20 billion and cutting 150 staff as part of its preparations. The company's parent firm Payward has also made several acquisitions in recent months, including Reap and Bitnomial.

Meanwhile, financial firm Bitwise has launched a spot Hyperliquid ETF on the NYSE, giving investors regulated access to a protocol that produces nearly 40% of all blockchain fees. This development is significant for cryptocurrency markets, as it confirms the growing demand for institutional investment in digital assets.

Pepeto's presale has also been making waves, raising over $10 million and attracting attention from investors looking to capitalize on the potential price gap when the token lists. With a cross-chain protocol and risk scorer built into its platform, Pepeto offers a compelling opportunity for early investors to benefit from its growth.