Latest news with #Kraken
New York Times
13 hours ago
- Sport
- New York Times
Stars trade Mason Marchment to Kraken for 2 draft picks, free up cap space
The Dallas Stars traded winger Mason Marchment to the Seattle Kraken on Thursday night for two draft picks, starting the process of freeing up cap space as they enter the busy part of the NHL offseason. The Kraken took on all of Marchment's $4.5 million cap hit for next season, according to league sources, and sent a 2026 third-round pick and a 2025 fourth-round pick back to Dallas in return. WHO'S READY FOR MARCH(MENT) MADNESS?! 😤 Mason Marchment's hard hits, grit and skill are joining the #SeaKraken following a trade with the Dallas Stars → — Seattle Kraken (@SeattleKraken) June 19, 2025 Marchment is coming off consecutive 22-goal seasons for the Stars, but scored just one goal in 18 playoff games during their run to the Western Conference final this spring. He signed with the Stars as a free agent in 2022 and put up 56 goals and 131 points in 211 games — reaching the third round of the playoffs each year. Advertisement The cap-clearing trade came just hours after Dallas signed veteran forward Matt Duchene to a four-year extension carrying a $4.5 million AAV. More moves are expected to come in the days and weeks ahead as the Stars look for more roster flexibility. Dallas is already within $5 million of the league's $95.5 million cap ceiling for 2025-26 — leaving them with less room to maneuver than every other team. The Kraken have oodles of cap space to work with and are looking to take a step forward after two years outside of the playoffs. They were drawn to how the 6-foot-5 Marchment can help alter the look and feel of their forward lines. 'I think Mason has a unique combination of size, skill and strength,' Kraken GM Jason Botterill told 'He works well down in the corners and around the net and that's an element we want to continue to add to our group here.' The 30-year-old Marchment has appeared in 302 NHL games for Toronto, Florida and Dallas, putting up 76 goals and 189 points. He's eligible to become an unrestricted free agent in July 2026.
Yahoo
14 hours ago
- Business
- Yahoo
Crypto Exchange Kraken Adds Bitcoin Staking Via Babylon as BTC Driven DeFi Picks Up
Crypto exchange Kraken has launched bitcoin BTC staking through a new integration with Babylon, as decentralized finance on BTC picks up. Babylon is a Bitcoin-native protocol that enables BTC to secure proof-of-stake (PoS) networks without leaving the blockchain. The service allows Kraken users to stake their bitcoin directly, locking it in a custodial vault on the native chain. The staked bitcoin is then delegated to PoS networks via Babylon, and rewards are paid in BABY, the token of Babylon Genesis, a bitcoin-secured Layer 1, Kraken said. Bitcoin has historically been used as a store of value and a medium of exchange. The advent of novel security sharing protocols has made BTC staking a third native use case, bitcoin DeFi, for the world's largest cryptocurrency. The Bitcoin network is "evolving into a broader decentralized finance ecosystem with the emergence of Bitcoin DeFi," Binance Research said in a report in March. Only ~0.8% of the bitcoin supply is currently being used in DeFi, and this presents a large "untapped opportunity," the report said. Binance, the competing crypto exchange of Kraken, also offers a bitcoin staking opportunity on its platform through Babylon. 'With this launch, clients can earn a return on their BTC while also enabling emerging PoS blockchains to benefit from the economic weight of bitcoin in order to validate transactions and bolster the security of their networks,' said Kraken's Global Head of Consumer, Mark Greenberg, in the release. The mechanism is fully on-chain, with staking governed by Bitcoin scripts and cryptographic safeguards to deter malicious behavior. Users can unstake at any time, with around a 7-day unbonding period. The crypto exchange first introduced custodial staking in 2019. The bitcoin staking feature is now available across all Kraken platforms.
Business Wire
a day ago
- Business
- Business Wire
Kraken Launches Bitcoin Staking via the Babylon Bitcoin Staking Protocol, Unlocking New Reward Opportunities for Clients' BTC
CHEYENNE, Wyo.--(BUSINESS WIRE)--Kraken, one of the longest-standing, most liquid and secure cryptocurrency exchanges, today announced the launch of Bitcoin (BTC) staking through a new integration with the Babylon Bitcoin staking protocol, a Bitcoin-native staking protocol. The integration enables Kraken clients to earn passive rewards on their BTC without bridging, wrapping or lending it out. Beginning today, Kraken clients can choose to stake their Bitcoin directly from Kraken through an integration with the Babylon Bitcoin staking protocol. The BTC is locked in a vault on the native Bitcoin chain and delegated to secure Proof of Stake networks via the Babylon protocol. Staked Bitcoin rewards are paid in BABY, the native token for Babylon Genesis, the first L1 network to be supercharged by Bitcoin. 'A substantial amount of Bitcoin currently sits idle on our exchange, representing a significant opportunity cost for clients and a missed opportunity for the broader ecosystem,' said Mark Greenberg, Global Head of Consumer. 'With this launch, clients can now earn a return on their BTC while also enabling emerging PoS blockchains to benefit from the economic weight of Bitcoin in order to validate transactions and bolster the security of their networks.' 'Kraken's integration with the Babylon Bitcoin staking protocol shows how trust-minimized, Bitcoin staking can work at scale,' said Clayton Menzel, Head of Business Development at Babylon Labs. 'By anchoring staked BTC on the native chain and delegating it to PoS networks, Kraken clients can finally earn rewards without bridges or wrappers, helping preserve Bitcoin's unmatched security and sovereignty. This launch channels Bitcoin's economic gravity into securing the next wave of PoS ecosystems and marks a major step toward a truly BTC-native DeFi landscape.' Holders' staked BTC never leaves the Bitcoin blockchain. The staking mechanism is governed by Bitcoin scripts, and staking rewards are handled by on-chain logic on Babylon Genesis, publicly verifiable by users and third parties. The BTC staking protocol also includes cryptographic safeguards to deter and penalize malicious behaviors. Clients can unstake their BTC at any time, with a ~7-day unbonding period before funds are available for withdrawal. This launch marks a significant expansion of Kraken's growing staking suite and further reinforces the platform's leadership in product innovation. Kraken was one of the first exchanges to introduce custodial staking in 2019, enabling millions of users to participate in earning rewards through its Earn platform. The BTC staking product is available starting today across all Kraken platform interfaces, including Kraken and Kraken Pro. For more information, please visit h ttps:// About Kraken Kraken is a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom — for the crypto economy and beyond. Millions of individuals, professional traders, and institutions around the world use Kraken to trade digital and traditional assets, including cryptocurrencies, national currencies, U.S. futures, and U.S.-listed stocks and ETFs. Kraken markets can be monitored and traded via the web or through the Kraken and Kraken Pro iOS and Android apps. Futures platforms by NinjaTrader, a Kraken company, are available on desktop, web, and mobile via For more information about Kraken, please visit About Babylon Labs Babylon Labs focuses on Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralized world. The latest software development is the world's first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on other decentralized systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling stakers to earn staking rewards without the need for third-party custody, bridge solutions, or wrapping services. The greater idea is to combine the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin's utility.
Mint
a day ago
- Business
- Mint
Bitcoin price slips. Watch the dollar for clues on where cryptos go next.
Bitcoin was edging lower on Thursday, the latest sign that the cryptocurrency isn't getting much of a boost from the Israel-Iran war. The world's largest crypto was down 0.1% over the past 24 hours to $104,894, according to CoinDesk data. It's now trading about 7% below the record high it hit last month. Other cryptos were also sliding. Ethereum fell 0.7%, XRP slid 0.4%, and Solana dropped 1.7% over the past 24 hours, per data from Kraken. Digital-asset bulls often argue Bitcoin acts as a safe haven like gold or U.S. Treasury bonds, but it's not been living up to that reputation since the conflict between Israel and Iran began last week. Bitcoin has 'failed to capitalize on the latest rise in risk appetite in financial markets," Alex Kuptsikevich, chief market analyst for the foreign exchange brokerage FxPro, said in a note earlier this week. However, he added that the crypto could still serve as a hedge in times of macroeconomic uncertainty, particularly if sweeping tariffs carry on weighing on the dollar. 'If the U.S. Dollar Index continues to fall due to the White House's tariff policy, Bitcoin will grow," he wrote. The U.S. Dollar Index, which tracks the strength of the greenback against a weighted basket of other currencies, is on pace for one of its worst first halves on record, with investors pivoting away from the buck due to worries that tariffs could slow down growth.
Yahoo
a day ago
- Business
- Yahoo
Barclays weighs in as Coinbase seeks permission to list tokenized equities
-- Coinbase is seeking regulatory approval from the U.S. Securities and Exchange Commission (SEC) to offer tokenized equities, according to a report cited by Barclays analysts. While the move could represent a step toward modernizing equity markets, Barclays believes the path forward is not without complications. 'Tokenized equities could offer several benefits,' the analysts wrote, 'including back-office cost savings, faster settlement times, and potentially easier facilitation of international access.' Furthermore, the bank notes that the proposed model would allow 24/7 trading, similar to crypto assets, and reduce costs by cutting out traditional clearing and settlement layers. Coinbase's plan follows a similar move by Kraken, which announced it would roll out tokenized U.S. equities across more than 50 stocks and ETFs in select international markets. During its IPO process, Coinbase (NASDAQ:COIN) had floated the idea of tokenizing its own shares but did not receive SEC approval. Still, Barclays cautioned the initiative faces 'several challenges, primarily regarding how these products will be regulated (if they will even be allowed).' Key concerns include compliance with existing rules like Reg NMS and NBBO, KYC/AML enforcement, and integration into the consolidated tape system. 'Coinbase is not an SEC-registered broker-dealer,' Barclays noted, though it has acquired entities with relevant registrations, such as Keystone Capital and Venovate Marketplace, which could be used to facilitate a compliant rollout. Barclays also questioned the consumer value proposition: 'To the retail trader, the marginal benefit of trading tokenized stocks is quite small.' While the technology may enhance operational efficiencies, Barclays says retail traders already experience near-instant settlement and low execution costs. Elsewhere, Andrei Grachev, Managing Partner at DWF Labs, told that "Coinbase's move signals that tokenized equities are entering regulated market structure." "The demand from institutions is real, and the infrastructure is catching up," added Grachev. "Regulated tokenized securities will need the same support as digital dollars: liquidity depth, real-time pricing, and operational resilience.' Related articles Barclays weighs in as Coinbase seeks permission to list tokenized equities Microsoft plans to cut thousands of jobs in sales division - Bloomberg BofA starts Sandisk at Buy on margin upside, NAND recovery prospects Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
