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Kraken quietly closes $500M round as its unusual CEO pushes toward the IPO finish line

Arjun Sethi shared his thoughts on Kraken’s unorthodox management structure, and how the company is ready for the fusing of crypto and traditional finance.

By Jeff John Roberts

September 25, 2025

Latest Stories

Neither the U.S., the U.K., nor France have balanced their budgets.

Investing

Nobody thinks a government bond crisis is going to happen, but Wall Street is talking about it anyway

By Jim Edwards

Personal Finance

The best savings account is offering 5.00% APY. Check out our list of the top high-yield savings accounts on Sept. 30, 2025

By Glen Luke Flanagan

Personal Finance

You can earn up to 4.35% APY. Check out the best CD rates on Sept. 30, 2025

By Glen Luke Flanagan

US President Donald Trump during a news conference with Benjamin Netanyahu, Israel's prime minister, not pictured, in the State Dining Room of the White House in Washington, DC, US, on Monday, Sept. 29, 2025.

Economy

Wall Street will be ruled by ‘rumor and pseudo-drama’ if government shutdown goes ahead, warns UBS

By Eleanor Pringle

Features

Kraken quietly closes $500M round as its unusual CEO pushes toward the IPO finish line

Latest Stories

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Studio boss David Zaslav’s tactics have made him a villain in Hollywood. But will he be the turnaround CEO that Warner Bros. Discovery needs?

Meet the CEO behind the huge fashion deal uniting the parent companies of Coach and Michael Kors. Wall Street isn’t sold on it—but Tapestry’s Joanne Crevoiserat says she’s ‘weaving together beautiful things’

Birkenstock tripped over its own sandals trying to take a step in the IPO world—and analysts suspect LVMH downturn could be partly to blame

The raid in Eastern Africa was one of the worst terror attacks of the century. Survivors say France’s biggest energy company left them to face it alone

Stephanie Linnartz ended a successful run at Marriott to become CEO at struggling Under Armour. ‘I believe in taking calculated risks’

Who is Mira Murati? The OpenAI executive who played a crucial role in the company’s soaring ascent

Gen Z is over the ‘girlboss’ era, now it’s all about the ‘snail girl’—and career experts approve

Kim Kardashian turned Skims into a $4 billion company. She wants to build the next generation of unicorns with SKKY Partners, her new private equity firm

Nearly half of CEOs believe that AI not only could—but should—replace their own jobs

Jason Blum: How the producer behind the latest ‘Exorcist’ film is making the most profitable movies in Hollywood

The trolling of corporate America

JPMorgan Chase’s $200 million investment in Detroit could show other cities how to bounce back. Just look at the Motor City’s massive drop in unemployment

She was overwhelmed with loneliness after losing her husband of 65 years. Then a robot companion changed her life

Can Elon Musk really save the world?

How old is too old to lead?

TikTok’s hidden ‘Ozempic economy,’ where weight-loss influencers trade referrals for drug discounts and cash

Promoting your ex-CEO to executive chairman is a recipe for trouble. So why are so many companies making that mistake?

The Cotopaxi co-founder’s leap of faith: Why Davis Smith stepped down as CEO and moved to Brazil

What happened to Japan Inc.? Once a business powerhouse, Japan’s presence among the world’s biggest companies is in steep decline

‘My work can be flexible, my son’s routine is not’: Meet the ‘dead zone’ workers killing management’s attempts to return to pre-pandemic 9 to 5 grind

The Moderna COVID-19 vaccine was the ultimate home run for this biotech venture firm. It’s a tough act to follow

Zoom thinks curved desks will make office work less miserable. We visited its state of the art hybrid designed office in London

60% of Americans battling drug or alcohol addictions also have jobs. Here are the professions with the highest rates of substance-use disorder

The Hollywood dream job is dead. Did it ever really exist?

Katie Haun launched a $1.5 billion crypto fund—and then the industry blew up. How has she navigated crypto’s year from hell?

Lockheed Martin’s $1.7 trillion F-35 fighter jet is 10 years late and 80% over budget—and it could be one of the Pentagon’s biggest success stories

Saudi Arabia has the most profitable company in the history of the world, with $3.2 trillion to invest by 2030. Who will say no to that tidal wave of cash?

Inside the brain of the billionaire visionary: narcissism, risk, and disordered personality traits

Elon, where’s my Cybertruck? Millions are still waiting for Tesla’s elusive product years after reserving it

As the opioid epidemic worsens, recovery-friendly policies are the next frontier in workplace inclusion

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