Kraken achieves revenue boost in Q1 2025 but faces North Korean hacking scare

Kraken dodges North Korean hack scheme while celebrating first-quarter revenue surge to $472 million.

May 02, 2025

Happy Friday!

Kraken kicks off 2025 with a robust 19% revenue jump to $472 million and surging user activity, but not without drama-dodging a North Korean hacking attempt disguised as a job applicant. Meanwhile, institutional sentiment shifts as Two Prime drops Ethereum, calling it a memecoin amid ETH’s persistent slide. In a striking signal of confidence, public companies and ETF issuers have already secured 96% of all Bitcoin set to be mined this year. Get the full story behind these headline moves in today’s newsletter.

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The global crypto market cap is $3.03 trillion, with a 24-hour volume of $74.3 billion. The price of Bitcoin is $97,617.01, and BTC market dominance is 63.9%. The price of Ethereum is $1,845.53, and ETH market dominance is 7.3%. The best-performing sector is Insurance, which gained 17%. The Crypto Fear & Greed Index is currently Greed (67).