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Honeymoon Phase Is Over

Following several months of headwinds for the crypto space, the crypto market trended lower in September. ETH fell significantly more than BTC as Ethereum transitioned from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. ETH sold off sharply post-Merge in classic “buy the rumor, sell the news” price action. The downtrending crypto market and bleak…

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Silver Lining

Hot on the heels of August, September 2022 also trended negatively for cryptoassets overall. Based on market capitalization, all sectors saw negative returns for the month, ranging from -14% to -1%. Following the overall crypto market trend, NFT market activity also slowed in August. Average daily users and average daily transactions fell -5.7% and -3.1%…

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Ethereum 2.0: Does ETH become deflationary post-Merge?

We’re quickly approaching The Merge, the most notable upgrade in Ethereum’s history and a crucial turning point for the wider crypto industry. As the Ethereum blockchain transitions from proof-of-work (PoW) to proof-of-stake (PoS), The Merge is expected to be the bedrock upon which Ethereum’s scalability improvements are built. As this highly anticipated event draws closer,…

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Mixed Signals

Over the last few months, the crypto industry faced numerous headwinds. These included the death spiral of the Terra ecosystem, the insolvency of over-leveraged hedge fund Three Arrows Capital, and major crypto lending platforms – like Celsius, BlockFi, Voyager and Vauld – taking drastic measures to accommodate “extreme market conditions.” Due to these developments, market…

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Trading for PARA Starts September 7 – Deposit Now!

September 7, 2022 | Asset Listings, Product We’re thrilled to announce that Parallel Finance (PARA) starts trading on Kraken today! Funding and trading Add PARA to your Kraken account by navigating to Funding, selecting Parallel Finance, and then Deposit. Trading begins September 7. Here’s what you need to know: Ticker PARA Tradable against EUR, USD…

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Ride Out

After July’s green candles, August 2022 resumed a downward trend for cryptoassets across the board. Bitcoin, Ethereum and the rest of the crypto market saw negative returns for the month. Prices of BTC (-14%) and ETH (-8%) decreased after July’s gains. Metaverse (-23%) and DeFi (-21%) led sectors to the downside. NFT market activity also…

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Trading for ENS and FARM Starts Now For USA and CA!

Following Kraken’s listings of Ethereum Naming Service (ENS) on February 23, 2022, and Harvest Finance (FARM) on June 15, 2022 for most countries, Kraken is excited to announce the availability of these tokens for residents of the United States and Canada! Funding and Trading Funding and trading are live.  You can add these tokens to…