Let’s explore the key crypto updates shaping market sentiment on Sept. 26.
Cryptocurrency exchange Kraken has raised $100 million in fresh funding, securing a $15 billion valuation.
Kraken plans to channel the funds into strengthening services for professional traders and institutions.
The capital injection marks a significant step as the company gears up for a potential public listing after years of limited outside financing.
To learn more about Kraken funding, you can read this article on Coinspeaker.
Sui (SUI) is changing hands at $3.16, down 2% in the last 24 hours. The token has lost more than 16% over the past week and remains 7.8% lower over the past month.
Trading activity has picked up. Spot volume surged almost 30% in 24 hours to $1.61 billion.
US spot Bitcoin ETFs recorded $253.4 million in outflows on Sept. 25. This extended weekly withdrawals to nearly $480 million.
BlackRock’s IBIT stood out as the only product to attract inflows, adding $79 million. Meanwhile, its competitors, including Fidelity, Bitwise, ARK 21Shares, Franklin, VanEck, and Grayscale, all posted outflows.
The downturn comes after two months of strong inflows that pushed totals above $57 billion. Notably, BlackRock has maintained three straight weeks without a single outflow, even amid the broader market retreat.
Solana (SOL) has extended its sharp decline, sliding about 4% in the last 24 hours. Now it is trading at nearly $196 after losing key support at $214.
SOL has now dropped nearly 20% over the past week.
Analysts note that profit-taking after Solana’s recent rally, combined with risk-off sentiment, has fueled the sell-off. On-chain data further reveals that whale transfers to exchanges are adding to the downward pressure
Bitcoin (BTC) slipped under the $110,000 mark, holding just above $109,000. At the current moment, the major coin is trading at $109,620, which means that it’s down 2%.
The decline comes as the Crypto Fear and Greed Index drops to 29, edging toward the Extreme Fear zone.
