what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Vitalik Buterin has opposed the EU’s proposed Chat Control law, warning it undermines digital privacy and creates surveillance backdoors, an analyst predicts that several spot Solana staking ETFs may receive approval in the coming weeks. Meanwhile, Kraken has reportedly raised $500 million at a $15 billion valuation ahead of a potential public offering.
Vitalik slams EU’s Chat Control: ‘We all deserve privacy and security’
Ethereum co-founder Vitalik Buterin has criticized the European Union’s proposed “Chat Control” legislation, warning that it threatens the right to privacy in digital communications.
In a Saturday post shared on X, Buterin voiced opposition to mandatory surveillance measures that would require tech platforms to scan private messages for illegal content. “We all deserve privacy and security… for our private communications,” Buterin said.
“You cannot make society secure by making people insecure,” he wrote, arguing that backdoors built for law enforcement are “inevitably hackable” and undermine the safety of everyone.
The post was in response to another message by entrepreneur Pieter Levels, who urged Europeans to reject the regulation, warning that it could allow officials to access citizens’ personal messages.
Several Solana staking ETFs may win US approval within two weeks: Analyst
Several applications for Solana exchange-traded funds (ETFs) with staking could receive US approval by mid-October, ETF analyst Nate Geraci said, following fresh regulatory filings.
“Guessing these are approved [within the] next two weeks,” Geraci, the president of NovaDius Wealth Management, said in an X post on Friday.
Geraci noted that asset managers Franklin Templeton, Fidelity Investments, CoinShares, Bitwise Asset Management, Grayscale Investments, VanEck, and Canary Capital all filed amended S-1 documents for spot Solana ETFs to the US Securities and Exchange Commission (SEC) on Friday. The S-1 document is a comprehensive disclosure outlining the company’s financials, risk profile, and the securities they intend to offer.
First Solana staking ETF recently launched in US
It comes just over two months after the REX-Osprey Solana Staking ETF debuted on the Cboe BZX Exchange, recording $33 million in trading volume and $12 million in inflows on launch day.
As IPO rumors swirl, Kraken secures $500M funding at $15B valuation: Report
Kraken has reportedly raised $500 million at a $15 billion valuation, strengthening its financial position amid growing speculation that the cryptocurrency exchange is preparing for an initial public offering (IPO).
The funding was first reported by Fortune, which cited a source close to the negotiations in a profile on co-CEO Arjun Sethi. The source claimed that Kraken closed the round earlier this month.
When contacted by Cointelegraph for confirmation, a Kraken representative declined to comment.
The raise and valuation are broadly in line with Cointelegraph’s reporting in July, which revealed that Kraken was seeking $500 million at a $15 billion valuation — a move widely interpreted as a step toward IPO readiness.
While Kraken has not filed any regulatory paperwork for a public listing, several of its actions appear consistent with IPO preparation, including enhancing financial disclosures. However, the company has yet to submit an S-1 registration statement to the US Securities and Exchange Commission (SEC), a necessary step for any US public offering.
Founded in 2011 and launched in 2013, Kraken is one of the industry’s oldest operating exchanges. It processed roughly $1.9 billion in trading volume over the past 24 hours, ranking among the top 15 global crypto exchanges, according to CoinMarketCap.
