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Crypto Majors Chop ahead of NVDA earnings! Kraken raises $800M! Fidelity launch SOL ETF!

Crypto majors were slightly green ahead of tonight’s major NVDA earnings call, with BTC hovering around $91,300, ETH up 2% at $3,090, BNB up 1% at $922, and SOL also up 1% at $139. Among top movers, MYX (+38%), STRK (+30%), and ZEC (+10%) led the pack. Bitcoin’s latest 30% drawdown unfolded far more rapidly—over 42 days—compared with the previous two drawdowns in Summer 2024 (147 days) and April 2025 (77 days). Kraken raised $800M at a $20B valuation in a round led by Jane Street, DRW, Oppenheimer, and a $200M stake from Citadel. The Ethereum Foundation outlined new goals for its upcoming Interop Layer, designed to unify all EVM L2s and make them function as “one chain.” In regulatory news, the OCC said national banks may hold and spend crypto in certain cases, such as paying for gas or testing applications. New Hampshire launched the first Bitcoin-backed municipal bond, while Mt. Gox moved 10,608 BTC—nearly $1B—from a cold wallet to new addresses, renewing expectations of imminent creditor repayments. Meanwhile, Tether made a strategic investment in Ledn to expand bitcoin-backed lending.