Kraken’s IPO, Tether’s Power Play, & Why Bitcoin Still Wins
This episode covers Kraken's confidential S1 filing for their IPO at a $20 billion valuation with backing from Ken Griffin's Citadel. The hosts discuss the strategic implications of traditional finance firms entering crypto markets and analyze Bitcoin's current market position. They also explore new institutional Bitcoin custody solutions and treasury management infrastructure for businesses adopting Bitcoin as a reserve asset.
Show Notes
Presented collaboratively by Early Riders & Onramp Media…
Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.
00:00 - Latest in Bitcoin price action 01:46 - Kraken’s $20B IPO & Citadel’s investment 10:17 - Tether’s strategic investment in Ledn & Bitcoin-only lending 17:53 - VC money chases perp DEX infrastructure 21:52 - Maker/Sky’s OBEX incubator & the stablecoin yield gray zone 24:46 - Slash: stablecoin-first banking and demand for better money movement 26:01 - Human risk management, AI scams & Doppel’s $70M raise 32:48 - Cardano chain split exploit & “decentralization theater” 42:13 - Rethinking the poverty line, broken stats & the debasement trade 50:12 - Square/Block’s SMB Bitcoin tools & the future of merchant adoption
Ready to convert your gold to Bitcoin?
Get Your Free Kit →