Kraken Hits $20 Billion Valuation Amidst Market Boom, DeepSnitch AI Presale Soars

Crypto exchange Kraken has reached a staggering valuation of $20 billion following a recent $800 million funding round. This significant investment will fuel the platform’s global expansion into Asia Pacific, Latin America, Europe, and the Middle East. Citadel Securities, a leading US market-making firm, provided a substantial $200 million investment, alongside other notable backers such as DRW Venture Capital and Jane Street. Meanwhile, Bitcoin’s recovery to $92,000 after a brief dip below $89,000 has spurred bullish sentiment across the crypto landscape, Further fueling this positive trend is DeepSnitch AI, an AI-driven presale project that saw its value surpass $555,000 in just days. The surge is attributed to the project’s promising 100x potential, attracting investors from various backgrounds and sectors.