Crypto Majors Chop forward of NVDA earnings! Kraken raises $800M! Constancy launch SOL ETF!
Crypto majors had been barely inexperienced forward of tonight’s main NVDA earnings name, with BTC hovering round $91,300, ETH up 2% at $3,090, BNB up 1% at $922, and SOL additionally up 1% at $139. Amongst high movers, MYX (+38%), STRK (+30%), and ZEC (+10%) led the pack. Bitcoin’s newest 30% drawdown unfolded way more quickly—over 42 days—in contrast with the earlier two drawdowns in Summer season 2024 (147 days) and April 2025 (77 days). Kraken raised $800M at a $20B valuation in a spherical led by Jane Avenue, DRW, Oppenheimer, and a $200M stake from Citadel. The Ethereum Basis outlined new targets for its upcoming Interop Layer, designed to unify all EVM L2s and make them operate as “one chain.” In regulatory information, the OCC stated nationwide banks might maintain and spend crypto in sure instances, similar to paying for gasoline or testing functions. New Hampshire launched the primary Bitcoin-backed municipal bond, whereas Mt. Gox moved 10,608 BTC—almost $1B—from a chilly pockets to new addresses, renewing expectations of imminent creditor repayments. In the meantime, Tether made a strategic funding in Ledn to increase bitcoin-backed lending.