Attention Kraken Shoppers! Ether Was Half Off at $700 During Monday’s Crypto Sale
Kraken said ether's price had a "sharp" downward movement on Monday.
The outage only lasted a few hours and affected wire transfers that were in the process of being settled or were in the queue.
Cryptocurrency exchanges Gemini and Kraken reported delays in automated clearing house and FedWire transactions due to the outage.
The new funding could more than double the exchange's 2019 valuation of $4 billion to at least $10 billion.
The GameStop saga highlighted the "middleman" issues with services like Robinhood. But the data shows crypto exchanges have their own problems.
Jesse Powell suggested an ether whale might have "decided to dump his life savings."