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Crypto Market Update: Kraken Confirms Active SEC Filing for Initial Public Offering

Here’s a quick recap of the crypto landscape for Wednesday (April 15) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news


Bitcoin (BTC) was priced at US$74,145.60, down by 1.3 percent over the last 24 hours.

Bitcoin price performance, April 15, 2026.

Chart via TradingView

Bitcoin price performance, April 15, 2026.

Ether (ETH) was priced at US$2,328.42, down by 1.9 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.36, down by 0.7 percent over 24 hours.
  • Solana (SOL) was trading at US$83.15, trading 2.8 percent lower over 24 hours.

​Today’s crypto news to know

Kraken pushes forward with confidential IPO

Kraken is quietly maneuvering toward Wall Street by maintaining its confidential initial public offering filing with the US Securities and Exchange Commission (SEC) despite a recent slide in its overall corporate valuation.

Co-CEO Arjun Sethi confirmed the ongoing initial public offering (IPO) ambitions at a Washington summit, revealing that the initial regulatory paperwork was submitted in November 2025.

While turbulent market conditions forced the exchange to temporarily hit the brakes on a public debut in March, the company is aggressively shoring up its institutional backing in the meantime.

Deutsche Börse Group, the operator of the Frankfurt Stock Exchange, just threw its weight behind the platform with a massive US$200 million secondary market investment.

Expected to close in the second quarter of 2026, the deal secures a 1.5 percent stake for the German financial giant and deepens a strategic partnership aimed at bridging traditional finance with tokenized assets.

Trump’s Mar-a-Lago crypto gala returns with massive price slash

US President Donald Trump is preparing to host a second exclusive Mar-a-Lago gathering for his dedicated crypto supporters, but the price of admission has plummeted in recent months.

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While last year’s attendees needed to hold an average of nearly US$5 million in the TRUMP meme coin to secure a coveted VIP spot, the financial threshold for this upcoming April 25 event has crashed by roughly 90 percent.

Blockchain data reveals that some of the top 29 token holders who snagged VIP status only maintained balances hovering around US$300,000 during the qualifying snapshot period.

The steep discount reflects the severe downturn of the official TRUMP token, which is currently trading at US$2.80 — a massive 96 percent collapse from its all-time high.

Virginia law shields dormant crypto from state liquidation

Virginia Governor Abigail Spanberger recently signed a bipartisan bill into law that drastically updates the state’s approach to how it handles unclaimed cryptocurrency accounts.

Taking effect on July 1, 2026, the legislation mandates that any crypto presumed abandoned after five years of inactivity must be held in its native, original form for a minimum of one year.

This strict “in-kind” holding requirement is designed to protect consumers from the unexpected tax nightmares and lost potential profits that occur when states automatically convert dormant tokens into fiat cash.

If the state treasurer eventually liquidates the assets after the one-year grace period, owners who subsequently file a claim are legally entitled to either the sale proceeds or the current market value, whichever is higher.

The legislation mirrors a similar protection law signed by California Governor Gavin Newsom late last year.

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Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.