Search results for Arjun Sethi
Crypto
Kraken cuts 150 jobs citing AI efficiency, IPO likely pushed to 2027
Cryptocurrency exchange Kraken has cut about 150 jobs to reduce costs tied to the adoption of artificial intelligence, reports said. The layoffs have raised the possibility that Kraken\'s U.S. initial public offering could slip from this year to 2027. The move comes amid broader job cuts across the crypto industry, where firms cite AI-driven efficiency gains. Kraken has not immediately issued an official position.
Crypto
Kraken teams up with MoneyGram to expand crypto cash withdrawals, supporting over 100 countries
Crypto exchange Kraken will launch a service with global remittance company MoneyGram that allows users to convert cryptocurrency into local currency and withdraw cash through MoneyGram’s offline network. The service will start in the United States and expand to parts of Europe, Latin America, Africa and Asia-Pacific. The partnership covers more than 100 countries and supports hundreds of local currencies. Kraken is also preparing for an IPO.
Crypto
SpaceX keeps bitcoin holdings despite $5 billion losses
SpaceX recorded losses of about $5 billion in 2025 but continued to hold 8,285 bitcoin, according to data cited by Cryptopolitan. The bitcoin holdings are estimated to be worth $603 million and are kept in a Coinbase Prime custody account without being sold. Data from Arkham Intelligence and The Information showed SpaceX has maintained its balance since mid-2024. Market participants linked the move to shifting corporate treasury strategies, while corporate bitcoin buying in March was dominated by Strategy.
