It was already public knowledge that there was one bidder for an NBA expansion team in Seattle: One Roof Sports and Entertainment, the majority owner of the NHL's Seattle Kraken, led by Samantha Holloway.
Now, there is a second, reports Christian Clark and John Hollinger of The Athletic:
BlackSun Private Equity, a New York-based firm that in August submitted a bid to bring the NBA back to Seattle, is working with the Tulalip Tribes to build the arena on tribal-owned land if it secures the franchise.
Those new arena plans would be in Marysville, Washington, which is about 35 miles from Seattle. The plans are not just to build an arena but also an "entertainment district" on the tribal lands. The challenge would be making the commute relatively easy and convincing people in Seattle proper to make the trip out to Marysville.
Both potential ownership groups have been eager to say they want to bring a team to stay in the Seattle area, after the previous SuperSonics were bought and moved to Oklahoma City in 2008.

#arena

Kraken Robotics (OTC: KRKNF) stock has been struggling lately. The company's share price hit a lifetime high of $8.13 per share in March, soon after it was announced that the marine technologies company was acquiring Covelya for 615 million Canadian dollars, but its stock has now lost more than half of its value since hitting that valuation peak.
Valuation multiples for next-generation defense tech companies have generally come down in subsequent trading. Investors are concerned about the potential integration risks with the Covelya acquisition, and the company's recent second-quarter report showed relatively modest growth. As a result, Kraken stock is now trading down roughly 21% year-to-date and 55% from its 2026 high.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Should investors be buying the stock in September?
Kraken Robotic is a leading provider of subsea batteries for uncrewed underwater vehicles (UUVs), synthetic aperture sonar (SAS) for ocean-floor mapping, and other subsea intelligence and navigation solutions. Through its acquisition of Covelya, the company has also significantly broadened its product portfolio and expanded its capabilities in positioning, scanning, and overall subsea robotics.

#kraken #subsea

Payward, the parent company of U.S. cryptocurrency exchange Kraken, has again delayed its initial public offering (IPO).
The Wyoming-based company said it will not go public until the second quarter of 2027, at the earliest. It is the second time that Payward has put off its highly anticipated IPO.
The Kraken parent company announced in March of this year that it was delaying its IPO, citing difficult market conditions and declining cryptocurrency prices.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster

#payward #kraken #parent #second

The London Stock Exchange ($LSEG) is partnering with cryptocurrency exchange Kraken to place shares of the United Kingdom's largest publicly traded companies on blockchain rails.
In coming weeks, the 100 largest London-listed companies will be made available on Kraken's xStocks tokenized equities framework.
A tokenized stock is a digital token on a blockchain that represents a share or exposure to a traditional company stock.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster

#Stock

The London Stock Exchange ($LSEG) is partnering with cryptocurrency exchange Kraken to place shares of the United Kingdom's largest publicly traded companies on blockchain rails.
In coming weeks, the 100 largest London-listed companies will be made available on Kraken's xStocks tokenized equities framework.
A tokenized stock is a digital token on a blockchain that represents a share or exposure to a traditional company stock.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster

#largest

Calling all crypto-heads! Last week, crypto exchange operator Kraken announced the Krak Card, a debit instrument that provides cashback in either traditional U.S. dollars or cryptocurrency.
This isn't the first crypto cashback plastic on the scene and, given the recent upswing in digital coinage, probably not the last. Here's a brief look at the card and this interesting new niche of the payment card market.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Kraken, which isn't publicly traded but has filed the regulatory documentation necessary for an IPO, announced the Krak Card last week. The cashback feature returns from 0% to 2% (depending on the user's total holdings across the Kraken network) on every purchase. It's affected by either greenbacks or Bitcoin (CRYPTO: BTC).
The company's timing was fortuitous. The day after it formally announced its product, Treasury Secretary Scott Bessent said the Treasury would, at a minimum, double its regular repurchases of relatively long-term government debt securities.

#last #cashback #treasury

Cryptocurrency exchange Coinbase Global (NASDAQ: $COIN) has debuted tokenized stocks on its Base blockchain network.
Coinbase joins rival exchanges Kraken and Binance in the race to bring stock trading onchain.
In a statement, Coinbase said that investors can now trade tokenized versions of stock such as Apple (NASDAQ: $AAPL), Nvidia (NASDAQ: $NVDA), and Alphabet (NASDAQ: $GOOGL).
More From Cryptoprowl:
Canadian Defense Tech Firm Jumps 92% as Government Revenue Boosts Margins

#base

Kraken parent Payward reported $508 million in adjusted revenue for the second quarter, up 17% from a year earlier on Friday as growth broadened beyond crypto spot trading.
Adjusted EBITDA came in at $23 million for the quarter ended June 30, while total platform transaction volume fell 13% to $310 billion. Payward said the decline reflected weaker crypto spot activity across the industry, even as equities, tokenized equities and traditional futures gained share across its platform.
The revenue mix continued to shift. ****** et-based and other revenue rose to 60% of total revenue from 55% a year earlier, while funded accounts climbed 42% to 6.6 million. ****** ets on the platform stood at $40 billion, with Payward citing stronger momentum in the European Economic Area following MiCA authorization.
More From Cryptoprowl:
MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times

#revenue #platform #trading #quarter

Cryptocurrency exchange Kraken is expanding its tokenized stock offerings to include equities from the United Kingdom and several Asian jurisdictions.
The company said that it plans to add tokenized versions of stocks from the U.K., Hong Kong, and South Korea to its xStocks platform, subject to regulatory approvals.
Tokenized stocks are digital representations of equities that are blockchain-based and provide ownership of or price exposure to traditional company shares.
More From Cryptoprowl:
MEXC Reports 7.1 Billion USDT in ******* eX Futures Volume as Q2 Closes the Gap to Wall Street

#tokenized #company #Cryptocurrency #hong

In Bitcoin news today, shareholders of Satsuma Technology voted by more than 90% on Monday to sell the company's remaining 668 BTC, worth roughly $43.5M at current prices, and to cancel its LSE delisting, overruling four of six board members and formally ending a Bitcoin treasury experiment that lasted less than 12 months.
The decision crystallizes one of the sharper destructions of investor capital in the UK crypto ******* e: against the £163.6M raised in August 2025, shareholders now expect to recover between £26.8M and £30M after wind-down costs, less than 20 pence on the pound.
This latest Bitcoin Treasury firm news dropped as BTC climbed a modest +0.4% overnight, dropping under $66,000 since yesterday but still trading at $65,700, with a daily trading volume of $31.8Bn.
Satsuma started life as TAO Alpha, a small AI firm, before rebranding and pivoting to a Bitcoin treasury accumulation strategy. In August 2025, it hired Mark Moss, an American Bitcoin commentator with over 700,000 YouTube subscribers, as Chief Bitcoin Strategist.
The firm then raised £163.6M through convertible notes led by ParaFi Capital, with Pantera Capital, Digital Currency Group, and Kraken participating. Some investors contributed 1,097 BTC directly in place of roughly $97M in cash.

#Bitcoin #firm #august #shareholders

Cryptocurrency exchange Kraken is expanding its tokenized stock offerings to include equities from the United Kingdom and several Asian jurisdictions.
The company said that it plans to add tokenized versions of stocks from the U.K., Hong Kong, and South Korea to its xStocks platform, subject to regulatory approvals.
Tokenized stocks are digital representations of equities that are blockchain-based and provide ownership of or price exposure to traditional company shares.
More From Cryptoprowl:
MEXC Reports 7.1 Billion USDT in ******* eX Futures Volume as Q2 Closes the Gap to Wall Street

#tokenized #Cryptocurrency #united #kingdom

LAS VEGAS — Like the process itself, news on the NBA's updated plans for expansion doesn't come rushing out like water from a fire hose. More like measured amounts from a faucet, somewhat slow and steady, making sure it doesn't overflow the glass.

Commissioner Adam Silver did address expansion during his meeting with reporters Tuesday evening at the Thomas & Mack Center following the Board of Governors meeting in Las Vegas. And while Silver acknowledged the process remains ongoing, he gave no timetable or real update on those who are bidding for both the Las Vegas and Seattle expansion franchises, where things stand at the moment or a specific timetable as to when an announcement can be expected.

In other words, let the guessing game continue.

What Silver did say was he was optimistic the process could reach its conclusion sometime in December and that there is a deadline approaching for those interested to submit their bids with their financials to the league where its bankers will go over the individual bids before reporting back to the owners.

“I’m still hopeful this process will be wrapped up by year’s end,” Silver said, though he didn’t say when the deadline specifically was for submitting bids.

There are at least six known groups interested in obtaining the expansion rights for the Las Vegas franchise and there could be more by the time the deadline for bidding passes. Among them are some familiar names — Jerry Colangelo, Bill Foley, Magic Johnson, Bob Iger, Marc Lasry — that intend to vie for the rights to bring the NBA here. All claim they have the funding to meet the NBA’s price tag, which at minimum is expected to be $8 billion. All except Foley have plans to construct an arena to house the Las Vegas team while Foley is prepared to invest $300 million in upgrades to T-Mobile Arena, home to his NHL Vegas Golden Knights and a facility he owns 15 percent of.

In Seattle, the lone bidder to go public so far is Samantha Holloway, chairperson of the ownership group of the Seattle Kraken and has Bill Gates’ former wife Melinda as an investor. The Kraken ownership group also owns the majority interest in Climate Pledge Arena, where the basketball team would likely play. Silver did caution that there is additional interest in both Seattle and Las Vegas from parties which have not yet made their intentions public.

But it’s here in Las Vegas where the intrigue is. The NBA owners are well versed in knowing Colangelo from his days with the Phoenix Suns, Lasry from his time owning the Milwaukee Bucks, Magic Johnson from his prior connection to the Lakers (he also is part of the current ownership of the WNBA’s L.A. Sparks) and some of the owners know Foley through the NHL. So there are few surprises when it comes to vetting these potential ownership groups.

“It gives me a lot of confidence to see first-hand the amount of interest in the game in Las Vegas,” Silver said. “In terms of the process for potential expansion here, multi

Why Eeli Tolvanen is still a free agent despite useful moments for Kraken originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Eeli Tolvanen remains a free agent, regarded by most as one of the five best players remaining in the pool who have yet to be signed by a new NHL team.
He's coming off a solid campaign with the Seattle Kraken, but it hasn't yet propelled him to a new opportunity.
It has some hockey fans on social media starting to question what the deal is.
Tolvanen is 27, and it seems safe to expect him to at least be this player for a few more seasons, right?

Cryptocurrency exchange Kraken is seeking a bank license in Europe.
Privately held Kraken is reportedly looking to Lithuania as the jurisdiction where it will try and secure a European bank license.
News of the bank license pursuit comes as Kraken plans to go public in the U.S. later this year or in early 2027.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion

The British Virgin Islands (BVI) have spent the last several years pitching itself as a digital-asset hub. At BVI Finance's Fintech on the Seas conference on Necker Island, one of the people buying that pitch is Kingsley Advani, founder of Advani Family Offices and CEO of fund-infrastructure platform Allocations.
Advani has invested in 200+ companies over roughly a decade, securing early stakes in ******* eX, Anthropic, OpenAI, Coinbase, Robinhood and Kraken. He manages over $2B in ******* ets across borders and industries, and has pivoted to "investing in the infrastructure to invest."
Advani's argument is that the BVI's faster formations and improved regulation make it increasingly attractive for new entities as a home base, and that AI will compress entity setup even further from weeks to seconds.
Related: American veterans to receive $10,000 in XRP from Ripple
"If they want to spin up a BVI entity or SPV on their phone, they should be able to with AI in a few seconds. That's the end goal," he said in a conversation with TheStreet Roundtable.

The MemeCore (CRYPTO: M) cryptocurrency plunged this week, according to data from S&P Global Market Intelligence. From last Friday's market close to 11 a.m. ET on June 26, the meme coin platform lost 70.8% of its total market value. After the plunge, MemeCore's market cap stands at $1.1 billion.
The price fell from $3 to $0.50 per token between 8:30 p.m. ET and 9:00 p.m. ET on Wednesday evening, highlighting the risks of thinly traded ***** ets with limited liquidity.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Crypto ***** ysts called MemeCore a risky cryptocurrency before this sudden crash.
Most of the supply is held by a handful of insiders. The token was added to major crypto exchanges such as Kraken despite a history of suspicious insider trading. And, of course, it's hard to trust a cryptocurrency specifically designed to mint valueless meme coins. The market cap sat near $3 billion at the start of this week, but trading volume was low.

The Seattle Kraken unveiled the team’s 2026-27 preseason schedule this week.
The Kraken will play only four preseason contests, split between the Vancouver Canucks and Calgary Flames.
The NHL has shortened the preseason, down from six, to accommodate an expanded 84-game regular season.
Preseason will kick off with a home game on Sept. 19 vs. Vancouver, immediately followed by a trip to the Saddledome to battle the Flames on Sept. 20.
Seattle will host Calgary at Climate Pledge Arena on Sept. 24 and close out the preseason with a road game in Vancouver against the Canucks on Sept. 26.

NEW YORK (AP) — The NHL's is exploring potential expansion to Texas with Houston and Austin among the possibilities, a person with knowledge of the decision told The ***** ociated Press on Tuesday.
The league's Board of Governors had their annual post-Stanley Cup Final and pre-draft meeting on Tuesday in New York. The person spoke on condition of anonymity because the expansion consideration had not been announced. ESPN and Sportsnet were first to report the move.
While there is no guarantee the NHL adds a 33rd team, it is a first step toward becoming the largest professional sports league in North America, surpassing the NFL. Commissioner Gary Bettman in recent years has been careful to say officials were listening to expressions of interest from prospective owners in places like Houston and Atlanta but not yet engaged in a formal path toward expansion.
The league last expanded to 32 with the Seattle Kraken beginning play in 2021 after the Vegas Golden Knights started in the 2017-18 season. Before that, there had been 30 teams since 2000, when Columbus and Minnesota entered.
The most recent successes, combined with booming franchise values across sports, spurred talk of expansion in hockey circles, especially because expansion fees could exceed $1 billion. Seattle paid $650 million and Las Vegas $500 million.

Seattle has had a banner year for a North American sports city.
Since last June, the Seahawks won the Super Bowl in football, the Mariners made the ALCS and were closer than they've ever been to the World Series in baseball, and the Sounders won the Leagues Cup in soccer. The Kraken and Storm are rebuilding, and the city also has the Reign and the Washington Huskies. The city's had rumors of an NBA return swirling that could become a reality in the near future, too.
However, the United States Men's National Soccer Team (USMNT) playing a home FIFA World Cup match in Lumen Field—rebranded as "Seattle Stadium" during the tournament due to FIFA's sponsor exclusivity rules—became one of the biggest sporting events in the city's history last weekend.
Although the Seahawks just entered their offseason period, franchise legend Marshawn Lynch kept them well-represented ahead of Saturday's USA vs Australia World Cup Match in the fan-led March to the Match.
Like Lynch, Seattle Sports culture became beloved by the entire nation on matchday.

SEATTLE — Few NHL teams are located in cities farther away from Sunrise, Florida, than Mackie Samoskevich's new employer.
Samoskevich, previously of the Florida Panthers, was traded to the Seattle Kraken for the No. 25 pick this year and a second-rounder next year, which the Panthers then flipped to Ottawa for Brady Tkachuk hours later. The Kraken also re-signed fellow forward Bobby McMann to a long-term contract.
Thankfully for the 23-year-old Samoskevich, his twin sister, Maddy, can give him plenty of tips on how to make the cross-continent move.
Maddy, who played college hockey in Connecticut at Quinnipiac, is a defender for the Vancouver Goldeneyes of the Professional Women's Hockey League.
"With her only being a couple hours away, it's definitely a topic that came up right away," Samoskevich said on a Zoom call. "I'll be able to see her a little more, which will be great."

LAS VEGAS (AP) — The PWHL’s expansion team in Las Vegas made it official on Monday by naming Kim Weiss as coach.
The 37-year-old Weiss makes the jump to the women’s game after completing her second season as an **** istant with the American Hockey League's Colorado Eagles. The team lost Game 7 of the AHL Western Conference finals to Chicago last week.
Weiss becomes the PWHL’s fourth women’s coach entering next season, doubling the league’s total from last season — with Vancouver still having a vacancy. In Colorado, Weiss was the second woman to be a full-time **** istant in the NHL or AHL, joining now-former Seattle Kraken **** istant Jessica Campbell.
She is reunited with Las Vegas general manager Dominique DiDia, as the two were teammates at Trinity College. Weiss eventually became an **** istant coach for the Connecticut-based school’s men’s team — the first woman to do so at the Division III level.
“Throughout her coaching career, Kim has consistently demonstrated an exceptional ability to develop players, build strong team cultures, and achieve success at the highest levels of the game,” DiDia said. “Her accomplishments across both the NCAA and AHL speak for themselves, and her hockey expertise and communication skills make her one of the most respected leaders in the sport.”

Bitcoin Price Prediction: Powell’s Final Fed Meeting Just Triggered the Most Dissenting Votes Since ...

Bitcoin price is bleeding, BTC trades at $76,000, down 1.75% over 24 hours and 2.15% over the past week, a slide that’s accelerating bearish prediction on macro headwinds most traders didn’t fully price in.
Federal Reserve Chair Jerome Powell’s final press conference Wednesday delivered the catalyst.
Bitcoin dropped 2% to $75,000 in the immediate aftermath as markets absorbed a fractured Fed decision, four dissents on a single vote, the most since October 1992, according to Kraken chief economist Thomas Perfumo.
“The absence of a clean handoff to Warsh suggests the potential for discord over policy at the Fed,” Perfumo said in a note shared with DL News.
Traders responded by dumping $138 million in spot Bitcoin ETFs following the meeting, reversing a chunk of April’s recovery. That’s a notable reversal given the roughly $2 billion that poured into Bitcoin ETFs this month, April remains BTC’s best month since October.

https://finance.yahoo.com/...

Bitcoin (BTC) whale Owen Gunden has sold his entire holdings.
The eighth richest crypto holder in the world has unloaded roughly $1.3 billion worth of BTC over the past month as retail sentiment plunges.
Blockchain data from Arkham shows the wallet attributed to Gunden transferred his final 2,499 BTC, worth $228 million, to Kraken on Nov. 20.
The move completes a full liquidation of 11,000 BTC since Oct. 21.
Gunden’s exit comes as Bitcoin trades under heavy pressure, with market conditions deteriorating.

https://finance.yahoo.com/...

A Bitcoin whale who first bought BTC in 2011 appears to have sold his entire stash for a total of $1.3 billion, according to on-chain data. The wallets were connected to Owen Gunden, an early Bitcoin arbitrage trader, who was previously believed to be one of the top three richest crypto billionaires.
Gunden, who first bought Bitcoin in 2011, has been slowly moving his crypto fortunes around for years, according to Arkham Intelligence data, but has ramped up activity over the past month, including sending over $344 million to the centralized exchange Kraken.
Arkham Intelligence claims these r

We're celebrating! Save up to 80% on GitKraken Pro - Only until end of week!

We're celebrating! Save up to 80% on GitKraken Pro - Only until end of week!

We're celebrating! Save up to 80% on GitKraken Pro - Only until end of week!

.
mattmurley19
is asking for a stat check on shots for the first 2 periods.
spittinchiclets
krakenfx