BTC $77,833.03 +1.08%
ETH $2,524.89 +0.58%
BNB $724.45 +0.46%
XRP $1.39 +2.67%
SOL $101.49 +1.09%
TRX $0.3394 -0.11%
DOGE $0.0842 +0.51%
ADA $0.2104 +2.45%
BCH $222.36 -0.76%
LINK $11.40 +0.06%
HYPE $79.70 +1.61%
AAVE $126.42 +0.57%
SUI $0.7262 +1.73%
XLM $0.1841 +3.32%
ZEC $1,140.09 +1.19%
AAPL $330.80 -0.53%
AMZN $253.99 -0.64%
GOOGL $336.00 -0.84%
MSFT $493.32 -0.01%
META $639.62 -0.93%
NVDA $213.05 -1.41%
TSLA $358.74 -1.84%
SNDK $1,551.07 -2.09%
INTC $97.16 -2.59%
SPCX $148.13 -1.08%
MU $928.88 -1.65%
AMD $490.52 -3.05%
BTC $77,833.03 +1.08%
ETH $2,524.89 +0.58%
BNB $724.45 +0.46%
XRP $1.39 +2.67%
SOL $101.49 +1.09%
TRX $0.3394 -0.11%
DOGE $0.0842 +0.51%
ADA $0.2104 +2.45%
BCH $222.36 -0.76%
LINK $11.40 +0.06%
HYPE $79.70 +1.61%
AAVE $126.42 +0.57%
SUI $0.7262 +1.73%
XLM $0.1841 +3.32%
ZEC $1,140.09 +1.19%
AAPL $330.80 -0.53%
AMZN $253.99 -0.64%
GOOGL $336.00 -0.84%
MSFT $493.32 -0.01%
META $639.62 -0.93%
NVDA $213.05 -1.41%
TSLA $358.74 -1.84%
SNDK $1,551.07 -2.09%
INTC $97.16 -2.59%
SPCX $148.13 -1.08%
MU $928.88 -1.65%
AMD $490.52 -3.05%

post

All
Article
Flash

first_img Kraken's parent company Payward has postponed its IPO to the second quarter of 2027

According to two informed sources, Payward, the parent company of cryptocurrency exchange Kraken, has postponed its highly anticipated initial public offering (IPO) to as early as the second quarter of 2027. CoinDesk reported in March this year that the company had shelved its multi-billion dollar IPO plans due to a challenging market environment; this delay further extends the much-watched listing process.Payward confidentially submitted its S-1 registration statement draft to the U.S. Securities and Exchange Commission in November 2025, shortly after the company completed an $800 million funding round at a $20 billion valuation, which included a $200 million investment from Citadel Securities. After Circle and Bullish successfully went public last year, the cryptocurrency industry originally expected a wave of listings in 2026, but weak coin prices and trading volumes, along with the lackluster market performance of some newly listed digital asset companies, dampened investor enthusiasm, leading companies like Grayscale, Consensys, and Ledger to also postpone their listing plans.During the IPO hiatus, Payward continued to expand beyond its core exchange business, venturing into traditional and crypto derivatives, tokenized stocks, and payment infrastructure through a series of acquisitions and product launches. The company's adjusted revenue for the second quarter was $508 million, a 17% year-over-year increase, with the number of funded accounts rising to 6.6 million and platform assets reaching $40 billion.

first_img The Clarity Act has been postponed to September, and banks are still accelerating their layout of tokenized deposits

Vassilis Tziokas from Matter Labs pointed out in a CoinDesk article that the U.S. Senate has postponed the Clarity Act until September. This market structure bill failed to complete the final vote before the August recess, meaning that regulatory rules for the digital asset market will take weeks to be implemented. Meanwhile, banks are not waiting for regulation; JPMorgan has processed over $30 trillion in transactions through the Kinexys platform and launched the deposit token JPMD, while Citigroup operates cross-border Treasury token services. A clearinghouse, in collaboration with 17 major financial institutions, plans to achieve on-chain tokenized deposit clearing by 2027.The article argues that the interoperability of interbank tokenized deposits does not come from messaging standards or token bridges, but is realized through clearing mechanisms: the sending bank redeems tokens, the receiving bank issues its own tokens, inter-institutional obligations are recorded and netted, and ultimately settled in central bank currency. The engineering challenge lies in simultaneously satisfying privacy, neutrality, and verifiability; each institution must operate its own ledger, prove transfers through cryptography without exposing underlying data, and anchor to a neutral settlement facility owned by no participants.The author notes that the Clarity Act will not directly regulate tokenized deposits, but it can clarify the boundaries of the digital asset market and improve the stablecoin framework established by the GENIUS Act. The Global Financial Markets Association's report in April 2026 lists unresolved gaps such as unified processing of cross-border tokenized deposits and guidelines for off-network transfers, which are regulatory unlocking points for interbank tokenized fund interoperability. In the face of regulatory uncertainty, banks rationally choose to isolate, and each month of delay rewards closed gardens.

first_img Xiaopeng Robotics subsidiary completes over $900 million in financing, with a post-investment valuation exceeding $6.3 billion

Xpeng Motors (NYSE: XPEV) robotics subsidiary has signed a share purchase agreement with investors, aiming to raise over $900 million, with a post-investment valuation exceeding $6.3 billion. Xpeng stated that this is the largest single financing completed by a Chinese company in the robotics field to date. The financing round was led by IDG Capital, with strategic follow-on investments from Tencent and Alibaba, and participation from Gao Rong Capital and others.In terms of financing structure, external investors contributed approximately $600 million, Xpeng's subsidiary contributed about $200 million, and CEO He Xiaopeng along with co-president Gu Hongdi's related entities contributed around $100 million. Xpeng will retain about 82% of the controlling stake and consolidate this business. The funds will be used for the research and development of the flagship humanoid robot IRON, the construction of embodied intelligence and data capabilities, as well as mass production and business expansion aimed for the end of 2026. IRON is equipped with Xpeng's self-developed robotics and AI-specific chips.This subsidiary is part of Xpeng's robotics platform Dogotix (Xpeng robotic dog/humanoid robot related entities). Alibaba and Tencent had previously participated as Pre-IPO investors in the financing of the Chinese humanoid robotics company Yushu Technology.
app_icon
ChainCatcher Building the Web3 world with innovations.