Kraken Nears $1.5B NinjaTrader Deal

CRYPTO
Kraken Nears $1.5B NinjaTrader Deal

Kraken is reportedly finalizing a $1.5 billion acquisition of NinjaTrader, a U.S.-based futures trading platform. This deal would mark Kraken’s expansion into futures trading, diversifying its offerings beyond crypto and potentially increasing its user base.

According to sources cited by The Wall Street Journal, the announcement could come as early as Thursday. Despite the acquisition, NinjaTrader is expected to continue operating as a standalone platform.

The move aligns with Kraken’s strategy to broaden its reach into traditional financial markets, following similar expansion efforts by other crypto exchanges. The deal signals growing interest in integrating digital assets with traditional trading platforms.

Neither Kraken nor NinjaTrader has commented on the acquisition reports. If confirmed, this purchase would represent one of Kraken’s largest acquisitions and a significant step toward bridging the gap between crypto and conventional financial markets. The industry is watching closely for the official announcement.

TECH
Big Tech Faces EU Crackdown

The European Commission has announced major antitrust actions against Google and Apple, potentially angering the Trump administration. Google is accused of violating the EU’s Digital Markets Act (DMA) by favoring its own services in search results and restricting developers from directing users to better deals outside Google Play. If finalized, these findings could lead to fines of up to 10% of Alphabet’s global revenue.

Apple has been ordered to enhance interoperability, allowing third-party smartwatches, headphones, and apps to integrate more seamlessly with iPhones. The company criticized the ruling, arguing it stifles innovation.

President Trump has threatened tariffs against countries enforcing regulations he views as unfair to U.S. firms. Apple and Meta have already lobbied against EU policies. While the EU insists these decisions apply universally, tensions between the U.S. and Europe over tech regulation continue to rise. The U.S. response to these rulings remains highly anticipated.

TECH
Musk’s X Raises $1B in Equity

Elon Musk’s social network, X, has raised nearly $1 billion in new equity, maintaining its valuation from when Musk took it private in 2022. The company is considering using some funds to pay down its debt. The deal values X’s equity at around $32 billion, keeping its enterprise value near Musk’s original $44 billion purchase price. Investors include Darsana Capital Partners and 1789 Capital.

Musk frequently raises private funding for ventures like SpaceX and xAI. While his companies thrive in private markets, Tesla’s stock has dropped over 40% this year, partly due to political controversies and rising competition.

X has struggled with advertising losses since Musk’s takeover, leading to lawsuits against brands that pulled spending. Some advertisers have returned, possibly due to legal pressure and Musk’s political influence. Despite this, Fidelity recently marked down its X stake by 68%, though X’s business has improved following Trump’s re-election.

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