Kraken-Backed SPAC KRAKacquisition Corp Raises $345M in Nasdaq IPO
KRAKacquisition Corp, backed by Kraken affiliates, completed a $345 million IPO with 34.5 million units priced at $10 each. The units include one common share and one-quarter of a redeemable warrant, and the company started trading under the ticker KRAQU on Nasdaq. The SPAC aims to pursue future mergers or acquisitions but has yet to announce a specific target.
Federal Reserve official Bostic states that risks between inflation and employment are balanced, reducing downside risks to employment. He notes inflation progress has stalled and emphasizes the need for vigilance to achieve the 2% target. Bostic suggests no immediate interest rate cuts are needed and advocates a patient, wait-and-see approach, with tariff impacts likely to extend into early 2026.
Kraken-Backed SPAC KRAKacquisition Debuts on Nasdaq Raising $345 Million
KRAKacquisition, a SPAC affiliated with the Kraken cryptocurrency exchange, has been listed on the Nasdaq Global Market. The company successfully raised $345 million through its IPO by selling 34.5 million shares at an initial price of $10 each. The newly listed company trades under the ticker symbol KRAQU.
The CoinDesk 20 index saw a decline of 1.9% with all assets trading lower. Cronos (CRO) fell by 4.2%, while Aave (AAVE) dropped by 3.7%, leading the losses within the index. This performance indicates broad weakness across the major cryptocurrencies tracked by the index.
[IMPORTANT] Binance Converts $1 Billion User Safety Fund Into Bitcoin Amid Market Volatility
Binance announced it will gradually convert its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin over the next 30 days. The move underlines Binance’s confidence in Bitcoin as the industry’s core reserve asset despite current market downturns. Binance will monitor the fund's value and replenish it using treasury reserves if Bitcoin volatility causes the fund to fall below $800 million.
BitMart Adds Infinex (INX) Token, Expanding Access to Synthetix Ecosystem
BitMart announced the listing of Infinex (INX) on January 31, enabling trading with the USDT pair. Infinex is a new crypto application launched by Synthetix that offers access to multiple on-chain protocols and operates on a non-custodial model with enhanced security features. Previously, Infinex was known as a decentralized perpetual protocol.
Lido Launches stVaults to Enable Custom Staking Rules for Layer 2 Solutions on Ethereum
Lido has introduced stVaults, a new feature that allows Layer 2 protocols to integrate with Lido’s Ethereum staking system rather than developing their own. This innovation facilitates flexible staking solutions adaptable to the specific needs of L2 projects. By leveraging stVaults, Layer 2s can efficiently create customized staking rules and broaden Ethereum staking participation.
[IMPORTANT] India Dumps $174 Billion US Bonds, Boosts Gold Reserves Amid Rupee Weakness
India has sold $174 billion of US Treasury bonds in 2023, marking a 26% drop from their peak and reaching a five-year low. The Indian central bank is shifting its reserves away from US dollar assets towards gold to support the weakening rupee. This move reflects a broader BRICS trend of diversifying reserves away from US bonds toward gold and commodities.
Lido Introduces stVaults Staking Functionality on Mainnet to Enhance Institutional Compliance
Ethereum staking platform Lido has deployed its stVaults feature on the mainnet as part of its V3 upgrade. The stVaults feature, previously tested with key partners, offers modular smart contracts that enable institutions to customize staking configurations. This innovation aims to improve regulatory compliance and operational control for institutional participants.
[IMPORTANT] US Senate Advances CLARITY Crypto Bill Amid Stablecoin Rewards Dispute and Political ...
The Senate Agriculture Committee advanced the CLARITY Act establishing crypto market regulations, but the bill faces significant obstacles due to partisan divisions and stalled negotiations in the Senate Banking Committee. Key contention revolves around regulating stablecoin interest and rewards, with banks and crypto firms at odds, causing delays despite White House intervention. The bill's future remains uncertain, dependent on bipartisan support and successful reconciliation with the House version, while the crypto market awaits regulatory clarity that could drive future growth.
Ceny výrobců v USA vzrostly v prosinci 2025, což značí pokračující inflační tlak
V prosinci 2025 vzrostly ceny výrobců v USA o 0,5 % měsíc po měsíci, přičemž hlavním faktorem byl nárůst cen služeb o 0,7 %, zatímco ceny zboží zůstaly beze změny. Jádrový index cen výrobců (PPI), který nezahrnuje potraviny a energii, vzrostl o 0,4 %, což představuje již osmé po sobě jdoucí měsíční zvýšení. Celkově ceny výrobců vzrostly o 3,0 % v roce 2025, přičemž ceny konečné poptávky jádra vzrostly o 3,5 % meziročně, což odráží pokračující inflační trendy.
US December Producer Price Index Surpasses Expectations with 0.5% Monthly Gain
The U.S. Department of Labor reported a 0.5% increase in the Producer Price Index (PPI) for December, exceeding the forecasted 0.2% rise. The PPI, a key indicator often preceding changes in the Consumer Price Index (CPI), indicates persistent inflationary pressures. This data suggests that inflation might remain elevated in the near term, potentially impacting monetary policy decisions.
[IMPORTANT] Ethereum Transaction Fees Fall to Lowest in 9 Years Amid Record Network Use
Ethereum's transaction fees have dropped dramatically from $200 to $0.14 due to major scaling upgrades and increased Layer 2 adoption. Despite the lower fees, Ethereum's Layer 1 transaction volume is at an all-time high, indicating strong real economic activity on the network. Validators remain secure in earnings through staking rewards following the switch to Proof-of-Stake, making low fees beneficial overall.
Democratic Senators Urge Senate to Pause Warsh Nomination Pending Justice Department Probe into F...
Senator Elizabeth Warren criticized Trump's nomination of Kevin Warsh for Federal Reserve Chair, citing concerns about political influence on the Fed. Warren urged Republicans to delay Warsh's confirmation until the Justice Department finishes investigating current Chair Jerome Powell. The debate highlights tensions over the Federal Reserve's independence amid political pressures.
Aster Announces Sixth and Most Stringent Airdrop Phase Starting February 2
Aster, a decentralized perpetual futures exchange, will launch the sixth phase of its airdrop, named 'Convergence,' on February 2. This phase will distribute 0.8% of the total ASTER token supply, with a six-month lock-up and a burn mechanism to limit token circulation. The airdrop stage will last around eight weeks, concluding on March 29, with 64 million ASTER tokens allocated.
Falcon Finance Unveils $50M Fund for Yield-Generating Real-World Asset Infrastructure
Falcon Finance has launched a $50 million ecosystem fund aimed at supporting infrastructure development tied to real-world assets such as tokenized U.S. Treasurys and precious metals. The fund will invest in government bonds, fixed-income products, tokenized real-world asset protocols, and infrastructure related to gold, silver, and platinum. Half of the fund is dedicated to capital investments, while the other half is allocated to FF token incentives with vesting schedules.
Zoomex Launches Premium European Campaign Offering $4,000 Bonuses and VIP Access to FIFA World Cu...
Zoomex has announced its new 'ZOOMEX Welcomes You Home' campaign targeting European traders with up to $4,000 in bonuses. The promotion includes rewards such as VIP access to the FIFA World Cup and Formula 1 races. This initiative aims to combine high-performance crypto trading incentives with exclusive luxury sporting experiences to attract both retail and high-volume traders.
Tokenized Copper Demand Set to Surge in 2026 Amid Supply Shortages and Growing AI-Driven Usage
Copper demand is forecasted to rise sharply through 2040, driven by AI infrastructure, electrification, and a declining supply that peaks by 2030. Tokenized copper assets on blockchain platforms are showing nascent growth, indicating early crypto market interest. Industry experts anticipate that 2026 will mark a significant acceleration for tokenization in the metals sector, offering new investment and trading opportunities.
US Senator Warren Urges GOP to Block Warsh Nomination Pending Fed Probe Halt
Democratic Senator Elizabeth Warren called on Republicans to withhold support for Warsh's Federal Reserve nomination. She demands that President Trump stop a Federal Reserve investigation before Republicans proceed. The statement heightens political tension surrounding the Fed nomination process.
OKX has announced the listing of the ZAMA cryptocurrency for spot trading. Additionally, the exchange will convert its pre-market futures for ZAMA into standard perpetual futures. These changes aim to enhance trading options and liquidity for ZAMA holders on the OKX platform.