The deal expands Kraken’s trading infrastructure push following its $1.5B NinjaTrader acquisition in May 2025. Kraken has stepped into proprietary trading with the acquisition of Breakout, a Tampa, Florida startup that backs traders with capital. In a Thursday announcement, crypto exchange Kraken announced the acquisition of Breakout, a startup that backs traders with up to $200,000 in capital under a “rigorous evaluation” methodology that tests risk management and strategy discipline. “Breakout gives us a way to allocate capital based on proof of skill rather than access to capital itself… We want to build systems that reward demonstrated performance, not pedigree,” Kraken's co-CEO Arjun Sethi said in a statement. Read more
Bitcoin price faces pressure as investors shift to bonds and gold, and risk aversion raises the chance of BTC falling to $108,000. Key takeaways: Rising demand for government bonds and gold underscores recession fears, limiting Bitcoin’s ability to sustain bullish momentum. Correlation with equities remains high, but structural catalysts like Strategy’s S&P 500 inclusion could shift sentiment. Read more
A company might satisfy the eligibility criteria in terms of metrics, yet still be denied entry to the index due to a committee decision. Here's what crypto companies must do to qualify. Michael Saylor’s Strategy could be the next crypto company to join the S&P 500 stock market index, a benchmark of the 500 biggest US public companies by market capitalization, according to analysts. The company must still clear hurdles before being admitted, however. Market analyst Jeff Walton forecast a 91% chance that Strategy would join the index as the company moves toward meeting all the requirements to be included in the benchmark. According to data from Nasdaq, Strategy has trading volumes of several million shares per day, a market capitalization of over $92 billion at time of writing and positive generally accepted accounting principles (GAAP) net income over the last four quarters of over $5.3 billion. Read more
XRP leverage reset as accumulation signals emerged, and the altcoin’s chart technicals predict a rebound to $4.80 by Q4. Key takeaways: XRP has slipped nearly 20% in 45 days, consolidating within a descending triangle near the $2.70 support. Onchain and futures data show leverage reset and early signs of accumulation, reducing liquidation risks. Read more