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Kraken Exchange will delist Monero (XMR) in the European Economic Area. The move comes before October's end as regulatory pressure increases and privacy coins face mounting challenges. XMR price fell below $150 on the news: it dropped over 10% after Kraken's announcement. The coin now trades around $144.50. Key support levels lie at $150 and $155. Lower levels near $135 may be tested with some technical indicators suggest potential recovery. While the MACD shows a slight bearish trend, the RSI indicates room for upward movement. Overall market sentiment remains cautious as selling pressure has increased. Monero's market cap stands at $2.58 billion. The delisting reflects broader regulatory concerns. Authorities worry about privacy coins' potential illicit use so exchanges face pressure to reevaluate support for such assets. Monero's privacy features include stealth addresses and ring signatures. These appeal to users valuing transaction anonymity, but the regulators fear potential misuse of these same features. The coin now faces a dilemma - it must balance privacy commitments with compliance needs. As major exchanges withdraw support, Monero's path forward is unclear. Market observers offer differing price forecasts. Some see potential recovery by mid-2026, assuming regulatory hurdles are overcome. Adoption would need to continue rising. Others remain skeptical. They believe XMR may struggle without significant changes, regulatory clarity or shifts in market sentiment could prove crucial. Monero's future hangs in the balance. The coming months may determine its long-term viability in an increasingly regulated crypto landscape.

Kraken has landed a major partnership with Tottenham Hotspur. The crypto exchange will become the club's first official cryptocurrency and Web3 partner. This deal marks a significant step in bringing crypto to mainstream sports. The partnership kicks off before the 2024/25 season. Kraken's logo will grace the sleeves of both men's and women's team jerseys. It's a big win for the crypto firm. Tottenham isn't new to the crypto game. They launched their own fan token last year. The SPURS token, created on Socios.com, joined a growing trend in sports. Ryan Norys, Tottenham's Chief Revenue Officer, is pumped about the deal. "We're stoked to partner with a forward-thinking brand like Kraken," he said. The club plans to offer fans exciting events and experiences. Kraken isn't just slapping its logo on shirts. They're going all in on fan engagement. Exclusive content, pop-ups, and behind-the-scenes access are all on the cards. It's about getting fans jazzed about crypto. Mayur Gupta, Kraken's CMO, sees a natural fit. "Crypto, like football, should be for everyone," he stated. The goal? Make finance more accessible to the average fan. But wait, there's more. Kraken's also teaming up with F1 Drive London at Tottenham's stadium. They're mixing crypto, football, and fast cars. Talk about a hat-trick. Kraken's no newbie in the UK. They've got a solid presence with 350 local team members. Globally, they serve over 13 million clients. That's no small potatoes. This deal isn't happening in a vacuum. Crypto's been making waves in sports. Just look at Cristiano Ronaldo's recent NFT collection with Binance. It's a whole new ballgame. Meanwhile, Kraken's got its eye on the bigger picture. They're planning a $100 million funding round before a potential 2025 IPO. It's crunch time for the crypto exchange.

Kraken is considering nuclear energy to power its data centers. The move comes amid expected growth in decentralized finance (DeFi) and increased demand for its services. Vishnu Patankar, Kraken's chief technical officer, revealed this in an exclusive interview with CoinDesk. The company is not planning to build its own reactors. Instead, it's exploring partnerships with energy providers using small modular reactors (SMRs). SMRs can be co-located with data centers. They aren't constrained by space or weather conditions. "With institutions moving into the crypto asset class and activity moving on-chain, the need for reliable fiat onramps continues to grow," Patankar said. He emphasized the importance of energy resiliency for supporting crypto ecosystem growth. The crypto exchange aims to secure its energy supply. This is in response to surging demand from artificial intelligence (AI) and high performance computing (HPC) firms. These sectors are altering the power stability landscape. Kraken is investigating nuclear power options in North America and Europe. Patankar noted the constant energy demand due to crypto's round-the-clock, global nature. The company's exploration aligns with a broader trend. More tech companies are seeking deals with nuclear operators to power AI-focused data centers. This was reported by The Wall Street Journal on Tuesday. Some bitcoin miners are shifting focus. They're now supplying infrastructure for power-hungry AI companies. Core Scientific recently signed a deal with AI firm CoreWeave. Patankar highlighted the potential benefits of nuclear backup. It would allow Kraken to operate during major disruptions to local energy supply. This redundancy protects the firm's ability to offer continuous services globally. The CTO anticipates a significant boom in DeFi. This could exponentially increase Kraken's energy needs in the future. While a final decision is pending, nuclear power is under serious consideration. Patankar cited limitations of alternatives like wind and solar, which are weather-dependent.

Kraken, one of the world’s leading cryptocurrency exchanges, has no plans to delist Tether’s USDT. Despite whispers of an impending EU ban on stablecoins, Kraken remains unflinching. This decision could be seen as a bold move. Or simply pragmatic. Concerns over stablecoin regulation have been swirling in Europe. The EU’s looming regulatory framework has cast a shadow over digital assets. But Kraken seems to thrive in the eye of the storm. For the time being, USDT remains securely moored. In a recent statement, Kraken executives confirmed their commitment to maintaining USDT trading pairs. "We have no plans to delist USDT," a Kraken spokesperson asserted. This stance, they say, aligns with their mission to provide a broad range of trading options. Investors can breathe—at least for now. The regulatory winds in Europe are indeed shifting. Stablecoins like USDT face scrutiny, with potential bans being whispered about in regulatory circles. Yet, Kraken’s decision underscores a calculated bet on stability. Or perhaps it’s just a refusal to bow to speculative fears. For Wall Street, this move by Kraken signals resilience. It also reflects a broader industry sentiment that innovation shouldn't be stifled by regulatory uncertainties. Kraken’s commitment to USDT might be seen as a dare. Or maybe it’s just business as usual. It remains to be seen how the EU will navigate its regulatory course. Will they steer towards stringent measures? Or will they chart a more balanced path? Either way, Kraken’s stance on USDT is clear—and it’s not changing course anytime soon. Investors watching this space should note Kraken’s bold approach. It’s a reminder that in the ever-evolving crypto landscape, steadiness can sometimes be the most daring strategy of all.