U.S. stocks climbed on Thursday, led by the Nasdaq, as upbeat earnings from Microsoft and Meta reassured investors who were wary of the economic impact of President Trump’s escalating trade war with China. The Nasdaq Composite index closed near session…

Nasdaq gains as Microsoft, Meta earnings soothe Wall Street jitters

Crypto exchange Kraken has completed its acquisition of the futures trading 
platform NinjaTrader and reported its first quarter revenues jumped 19% year- 
on-year to $471.7 million.
Kraken said in a May 1 report that its NinjaTrader acquisition would give its 
US customers access to the traditional derivatives market, aligning with its 
plans to expand its offerings and be the go-to platform for all types of 
trading.
NinjaTrader is a registered Futures Commission Merchant with the Commodity 
Futures Trading Commission. Last month, it rolled out trading for over 11,000 
stocks and exchange-traded funds to certain US clients.
The deal, which Kraken dubbed the largest ever between a crypto and 
traditional finance firm, allows NinjaTrader to expand to the UK, continental 
Europe and Australian markets and comes as Kraken is preparing for an initial 
public offering in early 2026. The company is exploring a debt package worth 
between $200 million and $1 billion to facilitate that transaction.
## Kraken revenue, trading volume falls on Trump&#8217;s return
Kraken&#8217;s $471.7 million revenue in Q1 marked a 19% increase from the year-ago 
quarter but a 6.8% fall from Q4 2024.
The exchange reported that trading volume fell 9.6% quarter-over-quarter to 
$208.7 billion while the value of its custodied assets fell 18% to $34.9 
billion over the same time.
Kraken attributed the drop to a &#8220;slowdown in overall market trading activity&#8221; 
as US President Donald Trump&#8217;s threats of implementing sweeping tariffs 
triggered an 18% fall in the crypto market cap over the quarter.
_Key metrics from Kraken &#8216;s Q1 report. Source: __Kraken_ 
Kraken is one of several crypto platforms that saw record or near-record highs 
in trading activity in Q4 as Trump&#8217;s November election win sparked larger- 
than-usual market volatility.
_**Related:**__**Kraken rolls out ETF and stock access for US crypto 
traders**_
Kraken said that despite a &#8220;softening market,&#8221; its adjusted EBITDA &#8212; 
earnings before interest, taxes, depreciation and amortization &#8212; jumped 1% 
from the previous quarter to $187.4 million.
The firm also saw the number of funded accounts on its platform increase 10% 
quarter-on-quarter to 3.9 million, signaling &#8220;deeper client engagement.&#8221;
Reuters reported on April 18 that Kraken restructured its workforce after 
Arjun Sethi was appointed as co-CEO last October. Sethi has laid off around 
400 employees since.
_**Magazine:**__**Crypto wanted to overthrow banks, now it &#8216;s becoming them in 
stablecoin fight**_

Kraken finalizes NinjaTrader buy as Q1 revenue jumps 19%

Strategy’s bitcoin-first model catapults its stock 3,142%, outpacing tech 
giants and signaling a seismic market shift toward sound money assets. MSTR’s 
Bitcoin Standard Bet Crushed Legacy Finance Microstrategy (Nasdaq: MSTR), 
which recently rebranded as Strategy, has achieved a staggering return of 
3,142% since transitioning to a bitcoin-focused business model. The dramatic 
surge in the company’s […]

MSTR Explodes 3,000% Since Embracing Bitcoin

Morgan Stanley is gearing up to offer direct crypto trading on E*Trade, 
signaling a seismic shift as Wall Street embraces bitcoin amid a more 
favorable regulatory environment in the United States. Morgan Stanley Plans 
E*Trade Crypto Launch Global investment bank Morgan Stanley is preparing to 
introduce cryptocurrency trading to its E*Trade platform, Bloomberg reported 
on […]

Morgan Stanley to Bring Spot Crypto Trading to E*Trade Amid US Crypto Policy Shift

Polygon&#8217;s price action over the past week has been characterized by a moderate 
pullback following what initially appeared to be a decisive breakout above the 
$0.20 level. This dip, rather than signaling weakness, may in fact represent a 
healthy retracement as the cryptocurrency prepares for a new upward move. The 
price structure appears bullish on higher timeframes, especially after POL 
recently rebounded off the lower boundary of a long-term descending channel. 
According to a crypto analyst, Polygon could be on the verge of an explosive 
rally toward the $1 mark. Classic Bullish Divergence Points To Imminent 
Breakout According to technical analyst MasterAnanda on TradingView, the 
Polygon ecosystem token (POLUSDT) is currently flashing one of the strongest 
technical reversal signals in the form of a textbook bullish divergence on the 
3-day chart. Price action hit a new low on April 7, 2025, but the Relative 
Strength Index (RSI) had already bottomed earlier in July 2024 and has since 
been forming higher lows. Related Reading: Polygon (MATIC) To Come back From 
The Dead As Ascending Triangle Appears As noted by the analyst, this mismatch 
between the price and the momentum indicator is a classic signal that the 
downtrend may be losing steam. The signal is reinforced by the recent increase 
in volume and the broader bullish recovery observed across the cryptocurrency 
market. Zooming in on the 3-day chart structure, POLUSDT experienced a notable 
rebound after reaching its low on April 7. The price climbed steadily to 
$0.267 by April 22 before encountering resistance. What followed were two 
successive bearish candlesticks that appeared to trace a measured pullback, 
likely a retest of the upper boundary of the descending channel. This movement 
is significant because retests of this nature often precede major breakouts. 
Keeping this in mind, the analyst predicted a successful bounce from the 
trendline support, which could start a sustained rally toward $1. Polygon To 
$1: Window Of Opportunity Narrowing Analyst MasterAnanda noted that the 
current price action is merely a calm before a massive move. “The market is 
giving us one last chance to buy all we want before massive growth,” the 
analyst said, implying that a strong impulsive wave could be next. The RSI is 
currently in the mid-40s, and if the bullish setup plays out, a swift move to 
the 70+ zone could occur. Related Reading: Polygon Price Risks Plunge With 90 
Million MATIC Tokens Selling At $0.5 In terms of a price target, the analyst 
predicted a full recovery above $1 with a specific target of $1.15. This would 
mark a full recovery for POL holders who have been holding throughout the 
downturn in 2025. This level corresponds to the 1.618 level on the Fib 
extension projected from the April 7 low. The Fibonacci extension levels 
plotted on the chart show other smaller price targets on the way to $1.15. 
Most notable are the $0.461 and $0.534 regions, representing the 0.5 and 0.618 
extension levels, respectively, which could serve as interim consolidation 
zones. At the time of writing, Polygon is trading at $0.2420. Featured image 
from Adobe Stock, chart from Tradingview.com

Last Chance For Polygon As Crypto Analyst Predicts MATIC Price Will Surge Above $1 Again

The new entity will raise up to $250 million in capital with the sole purpose 
of accumulating bitcoin. Metaplanet Launches U.S. Operations With New 
Subsidiary Metaplanet, the Japanese bitcoin treasury firm that pivoted away 
from hotel development last year, has entered the U.S. market and set up a new 
wholly-owned subsidiary in Miami, Florida, according […]