The confidential filing with the SEC for a US initial public offering came less than a week after Grayscale Investments announced a similar move. Kraken, the US cryptocurrency exchange headquartered in Wyoming, announced the confidential filing of a draft registration statement for a proposed initial public offering, following months of speculation among many in the cryptocurrency and blockchain industry. In a Wednesday notice, Kraken said it had confidentially submitted a Form S-1 with the US Securities and Exchange Commission for a proposed IPO of its common stock, setting the groundwork for the company to go public. The potential IPO is subject to review by the SEC, which recently returned to full operations and staffing after a 43-day government shutdown. The filing came less than a week after Kraken co-CEO Arjun Sethi gave an interview in which he said the exchange wasn’t “rac[ing] to the door as quickly as possible” to go public. Reports had been circulating since 2024 suggesting that Kraken was planni...
Kohaku brings practical privacy to Ethereum wallets with safer recovery, private modes and shared standards designed for real-world use. When Vitalik Buterin walked on stage at Devcon 2025 to demo Kohaku, he summed up Ethereum’s situation bluntly. The network has strong security and privacy research and solid layer-1 security. But it still hasn’t “leveled up the last mile,” the wallets and apps people actually use. On paper, Ethereum has spent a decade leading the way. Elliptic-curve precompiles in 2018 opened the door to zero-knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARKs) and privacy tools like Tornado Cash and Railgun. The DAO hack in 2016 pushed the ecosystem toward serious audits, helped drive demand for robust wallets such as Gnosis Safe and turned multisigs from a niche idea into standard practice. Yet everyday private use in 2025 still feels clumsy. People juggle extra seed phrases, install special wallets, hope public broadcasters don’t fail and often fall back to centralized ex...
HSBC is the latest megabank to double down on tokenized deposits versus stablecoins by preparing for new launches in the US and the UAE next year. Global megabank HSBC is doubling down on tokenization over stablecoins as global banks rush to keep pace in the stablecoin race. HSBC Holdings will start offering tokenized deposits to its corporate clients in the US and the United Arab Emirates in the first half of 2026, according to a Bloomberg report on Tuesday. The Tokenized Deposit Service (TDS) by HSBC enables clients to send money domestically and abroad in seconds around the clock, said Manish Kohli, HSBC’s global head of payments solutions. Read more
How Ethereum’s Fusaka upgrade scales the L1 and the L2s — explained for ordinary crypto fans without the usual baffling technical jargon. After three successful trials on the Holesky, Sepolia and Hoodi testnet, Ethereums Fusaka hardfork will go live on mainnet on December 3. Its the most eagerly anticipated upgrade to Ethereum since the last one, Pectra although Fusaka will have a much more significant impact, enabling rollups to scale in the space of a month up to 1,000 transactions per second (TPS) and to 100,000 TPS over time. Its actually two separate hard forks: the Fulu upgrade to the consensus layer (the part of a blockchain where validators in the network agree on what happened) and the Osaka upgrade to the execution layer (the part that actually processes transactions). In the future, the consensus layer will be rebuilt as Lean Consensus (formerly known as Beam Chain but renamed after a trademark dispute) and hardened for security and decentralization with finality in seconds. As part of the Lean Eth...
How Ethereum’s Fusaka upgrade scales the L1 and the L2s — explained for ordinary crypto fans without the usual baffling technical jargon. After three successful trials on the Holesky, Sepolia and Hoodi testnet, Ethereums Fusaka hardfork will go live on mainnet on December 3. Its the most eagerly anticipated upgrade to Ethereum since the last one, Pectra although Fusaka will have a much more significant impact, enabling rollups to scale in the space of a month up to 1,000 transactions per second (TPS) and to 100,000 TPS over time. Its actually two separate hard forks: the Fulu upgrade to the consensus layer (the part of a blockchain where validators in the network agree on what happened) and the Osaka upgrade to the execution layer (the part that actually processes transactions). In the future, the consensus layer will be rebuilt as Lean Consensus (formerly known as Beam Chain but renamed after a trademark dispute) and hardened for security and decentralization with finality in seconds. As part of the Lean Eth...