Kraken co-CEO Arjun Sethi says the crypto exchange has confidentially filed for a US IPO; it was valued at 13.3B in April, down from a 20B peak in late 2025 (Cory Schouten/Semafor)

Cory Schouten / Semafor: Kraken co-CEO Arjun Sethi says the crypto exchange has confidentially filed for a US IPO; it was valued at 13.3B in April, down from a 20B peak in late 2025 — The US crypto exchange Kraken has confidentially filed for an initial public offering, co-CEO Arjun Sethi said Tuesday …

Kraken parent company Payward is raising 200M from Frankfurt stock exchange operator Deutsche Börse for a 1.5% fully diluted stake, valuing Kraken at ~13.3B (Emily Nicolle/Bloomberg)
A profile of Jeffrey Yan and his startup Hyperliquid, a 10B crypto exchange that never took VC money and generated 900M+ in profit in 2025 with 11 employees (Dom Cooke/Colossus)
Analysis and filings: Google owns a ~5% SpaceX stake, down from 6.11% at 2025's end; if SpaceX hits a 2T IPO valuation, Google's stake would be worth 100B (Bloomberg)
PitchBook: US growth and late-stage venture funds raised 23.6B YTD, up from 7.4B in 2025 and above the totals for any of the past 12 years, amid the AI boom (Yuliya Chernova/Wall Street Journal)
Sources: Anthropic has fielded multiple offers from VCs valuing the company at as much as 800B in recent weeks; it was valued at 380B in February (Ben Bergman/Business Insider)
Accel raised 5B, including a 4B Leaders fund, focused on writing large checks to late-stage startups globally, and a 650M sidecar fund, taking AUM to 36B (Rebecca Torrence/Bloomberg)

Source: Techmeme | 2026-04-14

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