Kraken parent strikes $600 million deal to acquire Asian stablecoin firm Reap

Payward, the company behind crypto exchange Kraken, is buying Reap Technologies for $600 million using cash and stock valued at $20 billion, Bloomberg reported today. Reap Technologies is a Hong Kong fintech firm specializing in stablecoin-powered payment rails and tools that support global business-to-business money movement. The acquisition is Payward’s first infrastructure deal in Asia…

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Bitcoin Price Analysis: BTC Eyes $85K, Understanding the ‘Triple Threat’ Behind the Price Target

Three signals are converging on a single Bitcoin price analysis target of $85,000, and for once, they are not pointing in different directions. Research firm Glassnode has identified what analysts are calling a ‘triple threat’ setup: Bitcoin has broken above critical cost basis levels on-chain, futures funding rates have flipped from negative to neutral, and…

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