We’re thrilled to announce that ACT, GRASS, and ZEREBRO are now available for trading on Kraken! Funding and trading Trading for ACT, GRASS, and ZEREBRO will be live as of 15:00 UTC today, Jan 27, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost. Trade on Kraken The new token is tradeable on Kraken and Kraken Pro with the following parameters: Note: Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched). Geographic restrictions may apply . Here’s some more information about these assets: Act I: The AI Prophecy (ACT) ACT is a utility-driven cryptocurrency tied to a narrative-based metaverse project. It enables governance and access to exclusive content within a futuristic sci-fi ecosystem where AI dominates. Holders can stake tokens for in-game assets, participate in story-driven events, and influence the direction of the unfolding narrative. Grass (GRASS) GRASS is a crypto token built for environmental and sustainability-focused blockchain initiatives. It supports projects involving renewable energy, carbon credit trading, and eco-friendly innovations. GRASS incentivizes green development by funding sustainability projects while offering staking rewards to holders who back these initiatives. Zerebro (ZEREBRO) ZEREBRO is a blockchain token that supports decentralized AI-driven systems. It powers a platform for developing and sharing machine learning models on a secure, transparent network. ZEREBRO token holders can access advanced AI tools, contribute to neural network training, and monetize their models in the ecosystem. Ready to trade but don’t have a Kraken account yet? Sign up today ! Get Started with Kraken Will Kraken make more assets available? Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in ea The post ACT, GRASS, and ZEREBRO are available for trading! appeared first on Kraken Blog .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Trump’s World Liberty Financial Buys $10M in ETH, Expanding Crypto Holdings
In a bold move that further solidifies its position in the decentralized finance (DeFi) space, World Liberty Financial (WLFI) —a Trump family-backed DeFi project—has purchased 3,247 ETH through the Cow Protocol , according to data from Arkham Intelligence on X. This recent acquisition, valued at approximately $10 million , brings WLFI’s total Ethereum holdings to 59,265 ETH , currently worth around $182 million . The move signals continued confidence in Ethereum as a strategic asset for DeFi growth and institutional adoption. Trump’s Growing Influence in the Crypto Space The Trump family has been making waves in the cryptocurrency sector, with World Liberty Financial (WLFI) at the forefront of its DeFi ambitions. The latest ETH acquisition highlights: A strong commitment to Ethereum: WLFI continues to build its ETH reserves, reinforcing Ethereum’s role in its broader DeFi strategy. Institutional-scale crypto investments: The $10 million purchase adds to WLFI’s already significant crypto portfolio, which now includes nearly $182 million in ETH holdings . Adoption of Decentralized Exchanges (DEXs): The purchase was executed through Cow Protocol , a decentralized trading protocol known for its cost efficiency and privacy-focused transactions . With this acquisition, WLFI further cements itself as a key institutional player in the DeFi space, reflecting broader trends of traditional finance merging with blockchain-based economies . Why Ethereum? WLFI’s Strategic Investment in ETH Ethereum remains the backbone of the decentralized finance industry, offering smart contract functionality, security, and a robust ecosystem for DeFi projects. WLFI’s decision to amass Ethereum aligns with several key factors: Ethereum’s Role in DeFi: As the leading blockchain for DeFi applications, Ethereum supports thousands of protocols, including lending, staking, and decentralized exchanges. Smart Contract Versatility: Ethereum’s programmability enables WLFI to build and integrate new financial services within the DeFi ecosystem. Long-Term Price Appreciation: With Ethereum 2.0 upgrades improving scalability and transaction efficiency, institutional investors like WLFI see ETH as a high-value long-term asset. Ethereum Holdings: A Look at WLFI’s Expanding Portfolio WLFI’s latest acquisition is part of an ongoing effort to strengthen its Ethereum reserves. WLFI’s Ethereum Holdings Breakdown: New Purchase: 3,247 ETH (~$10 million) Total Holdings: 59,265 ETH (~$182 million) Acquisition Method: Cow Protocol (Decentralized Exchange) By utilizing Cow Protocol , WLFI has opted for a decentralized trading route, which allows for lower transaction fees and increased privacy , showcasing the project’s commitment to DeFi-native practices . What is Cow Protocol, and Why Did WLFI Use It? Cow Protocol is a decentralized trading platform designed to optimize Ethereum transactions by reducing gas fees and minimizing slippage . Benefits of Using Cow Protocol: Lower Costs: Aggregates liquidity to ensure the best price execution. Increased Privacy: Transactions are executed without revealing trading intent to centralized exchanges. Decentralization First: Reduces reliance on traditional crypto exchanges, aligning with DeFi principles. WLFI’s use of Cow Protocol demonstrates a preference for on-chain, transparent financial solutions , reinforcing its belief in decentralized finance as the future of global finance. Implications for the Crypto Market WLFI’s $10 million ETH investment and growing Ethereum holdings signal bullish sentiment toward ETH and the broader crypto market. The impact of this acquisition includes: Increased Institutional Confidence in Ethereum: Large-scale acquisitions from firms like WLFI reinforce Ethereum’s reputation as a leading institutional-grade asset. DeFi Growth Acceleration: With major entities like WLFI embracing DeFi-native transactions, decentralized finance is becoming more mainstream and institutionally accepted . Potential Price Influence: While $10 million is a relatively small acquisition, continued accumulation by institutional investors could contribute to supply constraints and long-term price appreciation for ETH. FAQs What is World Liberty Financial (WLFI)? World Liberty Financial (WLFI) is a DeFi-focused financial entity backed by the Trump family , aiming to bridge traditional finance with blockchain-based decentralized solutions. How much ETH does WLFI hold? WLFI currently holds 59,265 ETH , worth approximately $182 million , following its latest $10 million acquisition. Why did WLFI buy ETH through Cow Protocol? Cow Protocol offers lower fees, privacy benefits, and decentralized trading features , aligning with WLFI’s DeFi-first strategy. How does WLFI’s Ethereum investment impact the market? The purchase reflects institutional confidence in Ethereum , contributes to DeFi adoption , and may influence long-term ETH supply and price trends . What makes Ethereum a strong investment for WLFI? Ethereum’s dominance in smart contracts, DeFi applications, and upcoming network upgrades makes it a valuable long-term asset. Will WLFI continue buying ETH? Given its commitment to DeFi and previous acquisitions, WLFI is likely to accumulate more ETH as part of its long-term strategy . Conclusion Trump-backed World Liberty Financial (WLFI) has reinforced its commitment to Ethereum and decentralized finance with a $10 million ETH acquisition , bringing its total holdings to 59,265 ETH valued at $182 million . By leveraging Cow Protocol for the transaction, WLFI demonstrated its dedication to decentralized trading practices and a long-term belief in Ethereum as a cornerstone asset for financial innovation. As institutional interest in DeFi continues to grow, WLFI’s latest move signals that Ethereum remains a key player in the evolving landscape of decentralized finance and blockchain-powered financial services. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries. 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Coinbase Exec Predicts Over 100 Million Cryptocurrencies by the End of 2025
The number of cryptocurrencies is projected to grow exponentially, surpassing 100 million tokens by the end of 2025, according to Conor Grogan , Coinbase Exchange’s director of product strategy. In a post shared on X (formerly Twitter), Grogan highlighted that there are currently 36.4 million crypto tokens in existence, a sharp increase from the fewer than 3,000 tokens available during the 2017–2018 altcoin season. This prediction underscores the rapid pace of innovation and expansion within the cryptocurrency ecosystem, fueled by new use cases, blockchain technology advancements, and tokenization. From 500 to 100 Million: The Explosive Growth of Cryptocurrencies The evolution of cryptocurrencies has been nothing short of meteoric. Conor Grogan’s projection reflects a monumental shift in the number of tokens over the past decade: 2013-2014 Cycle: Fewer than 500 tokens existed during the early stages of crypto adoption. 2017-2018 Altcoin Season: The altcoin boom saw the number of tokens increase to nearly 3,000 . 2025 Prediction: Over 100 million tokens are expected, representing a 2,745% increase from today’s 36.4 million tokens . This unprecedented growth is largely driven by the growing adoption of decentralized finance (DeFi) , non-fungible tokens (NFTs) , and the tokenization of real-world assets. Factors Driving the Growth of Cryptocurrencies The prediction of 100 million cryptocurrencies is rooted in several factors that contribute to the rapid creation and adoption of tokens: Tokenization of Assets: Real-world assets such as real estate, commodities, and intellectual property are increasingly being tokenized, allowing for fractional ownership and improved liquidity. Decentralized Applications (dApps): Platforms built on blockchain networks often issue native tokens for governance, utility, and incentives, contributing to the rise in token numbers. Innovation in Blockchain Protocols: The emergence of layer-2 solutions, sidechains, and cross-chain interoperability has made it easier to create and deploy new tokens. User-Friendly Tools for Token Creation: Simplified tools and platforms now allow even non-technical users to create tokens, further accelerating token proliferation. Growth of Niche Use Cases: From gaming and metaverse projects to supply chain management and social tokens, niche sectors are increasingly adopting tokenized solutions. Challenges and Opportunities in a 100M Cryptocurrency Market While the exponential growth in the number of cryptocurrencies presents opportunities, it also introduces challenges for the industry: Challenges: Market Oversaturation: An abundance of tokens may dilute value, making it harder for investors to identify quality projects. Regulatory Scrutiny: Increased tokenization could attract greater regulatory oversight, particularly for projects that fail to comply with securities laws. Scams and Rug Pulls: The ease of creating tokens may lead to an increase in fraudulent projects, eroding investor trust. Opportunities: Increased Innovation: A diverse ecosystem of tokens fosters creativity and experimentation, driving the industry forward. Greater Accessibility: Tokenization democratizes access to assets, enabling more people to participate in the digital economy. Ecosystem Expansion: A larger number of tokens could spur growth in complementary sectors such as crypto wallets, exchanges, and analytics platforms. Historical Context: Lessons from Previous Market Cycles The cryptocurrency market has seen significant expansion with each market cycle: 2013-2014: Bitcoin dominated, and altcoins were few and far between, with minimal adoption beyond tech-savvy users. 2017-2018: The altcoin season introduced tokens like Ethereum, Ripple, and Litecoin to a wider audience. ICOs (initial coin offerings) became a popular fundraising model, though they were marred by scams. 2021-Present: The rise of DeFi, NFTs, and meme tokens like Shiba Inu demonstrated how diverse and dynamic the ecosystem has become. The projected surge to 100 million tokens reflects not only the industry’s growth but also its maturation as new use cases emerge. FAQs How many cryptocurrencies are there today? Currently, there are 36.4 million cryptocurrencies , according to Conor Grogan, Coinbase’s director of product strategy. Why does Conor Grogan predict over 100 million tokens by 2025? Grogan attributes the prediction to factors like asset tokenization, blockchain innovation, and the rapid growth of decentralized applications (dApps). What was the cryptocurrency landscape like during past cycles? 2013-2014: Fewer than 500 tokens existed, with Bitcoin dominating the market. 2017-2018: Nearly 3,000 tokens emerged during the altcoin season. 2025 Prediction: Over 100 million tokens could exist due to exponential industry growth. What are the benefits of tokenization? Tokenization democratizes asset ownership, improves liquidity, and fosters innovation in various industries, from real estate to gaming. What challenges come with 100 million cryptocurrencies? Challenges include market oversaturation, increased scams, regulatory scrutiny, and difficulty distinguishing quality projects from low-value tokens. How will this growth impact the crypto industry? The expansion to 100 million tokens will likely spur innovation, create new investment opportunities, and drive adoption, but it may also require stronger regulatory frameworks and investor protections. Conclusion The prediction of 100 million cryptocurrencies by 2025 underscores the explosive growth and diversification of the crypto ecosystem. While this trend brings unparalleled opportunities for innovation and accessibility, it also demands careful navigation to avoid the pitfalls of oversaturation and fraud. As tokenization becomes a cornerstone of the digital economy, investors, developers, and regulators alike must adapt to this dynamic and rapidly evolving landscape. With Ethereum, Bitcoin, and other major cryptocurrencies leading the way, the future of digital assets promises to be as transformative as it is expansive. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries. Kraken Blog