Kraken has just launched its official debit card. Leading CEX @krakenfx has just launched its own crypto debit card, for now available in the UK and Europe and powered by @Mastercard. The card supports more than 600 different crypto assets and offers 0% fees, as well as 2% cashback on $BTC and fiat-based purchases.

kraken just listed 7 bittensor subnet tokens at once. lium, score, hippius, vanta, ridges, chutes, targon. first time a tier-1 exchange validated the subnet token model. here's the problem: most of these subnets emit 20-40% token supply annually. combined subnet revenue across the entire network is likely under $10m/yr. at those emission rates you need revenue to 2-3x every single year just to hold earnings per token flat. the listing creates a liquidity event and a hype window but the dilution math is merciless. check emission schedules before you touch any individual subnet token. if you believe in the thesis but can't underwrite individual subnet revenue growth, TAO captures upside from all surviving subnets without the single-subnet dilution risk. 5 of these 7 probably go to zero. the 2 that find real product market fit compound for years

Kraken Custody’s 1st RWA (by @centrifuge) is a AAA CLO CLOs like JAAA may generate yield less sensitive to Fed rate moves than a money market fund → Different strategy, different exposure Kraken Custody offers multiple ways to put your assets to work

Kraken's Parent Company Has Cut Some 150 Employees... According to a report from CoinDesk, the parent company of the industry-leading @krakenfx exchange has laid off some 150 employees in an "optimization effort". The exchange joins a long list of major crypto firms to have cut large numbers of team members - a list which includes @cryptocom, @Gemini and, more recently @Dune.

Kraken Parent Payward Cuts 150 Jobs Ahead of Planned IPO According to CoinDesk, Payward, the parent company of crypto exchange Kraken, is laying off approximately 150 employees as part of an optimization and restructuring effort ahead of its planned IPO. The company employs around 3,000 staff globally. The company confidentially filed a draft S-1 with the U.S. SEC last November and is seeking fresh funding at a $20 billion valuation.

KRAKEN MIGRATES WRAPPED ASSET INFRASTRUCTURE TO CHAINLINK CCIP @krakenfx is officially deprecating its legacy cross-chain provider to integrate @Chainlink CCIP as the exclusive infrastructure for Kraken Wrapped Assets. This migration begins with $kBTC and will extend to all future tokenized products, enabling secure distribution across global DeFi markets. Kraken selected the CCIP standard to meet strict institutional risk management requirements, leveraging its ISO 27001 and SOC 2 Type 2 certifications.

Kraken is deprecating its existing cross-chain provider and migrating to @Chainlink CCIP as its exclusive cross-chain infra to secure Kraken Wrapped Bitcoin (kBTC) & all future Kraken Wrapped Assets. Kraken chose Chainlink CCIP because it offers enterprise-grade infrastructure with strict security & risk management requirements, including: • ISO 27001 and SOC 2 Type 2 certifications • Secure by default architecture • 16 independent nodes • Native rate limits, and more. Together, Chainlink and Kraken can help accelerate the global adoption of crypto by unlocking utility and distribution for all Kraken Wrapped Assets across DeFi. For kBTC customers, no action is required. More details on the migration process to follow on official Kraken channels.