ChainCatcher report, according to BBX data, this week sees dual progress in crypto infrastructure withdrawal channels and miner earnings previews, with key developments as follows: Kraken (parent company Payward, Inc.) and global payment network MoneyGram jointly issued an official announcement via PR Newswire on May 5, announcing a global strategic partnership: Kraken users can now withdraw cash converted from crypto assets at nearly 500,000 MoneyGram physical locations across over 100 countries, using hundreds of fiat currencies; the initial focus is on crypto withdrawals, with future plans to expand into local bank deposits and cross-border remittances; Kraken handles customer identity verification, while MoneyGram provides licensed money transfer services and compliance infrastructure. Kraken Co-CEO Arjun Sethi confirmed in a Fortune interview that the company’s IPO progress is “nearly 80% complete”; its confidential S-1 filing has already been submitted to the SEC, and Bloomberg estimates Kraken’s current valuation at approximately $13.3 billion based on Deutsche Börse’s $200 million equity investment. MARA Holdings, Inc. (NASDAQ: $MARA) announced on May 4 via its official investor relations site ir.mara.com that its Q1 2026 earnings report will be released after market close on May 11, with an earnings call scheduled for 5:00 PM ET; analyst consensus expects an EPS of approximately -$2.34 and revenue of about $184.2 million. As of the end of 2025, the company held 53,822 BTC, reported full-year 2025 revenue of $907 million (+38% YoY), and operated at 66.4 EH/s hash rate. During Q1 2026, BTC prices declined from approximately $87,000 to around $68,000, placing pressure on miners’ full costs; the market will closely monitor progress on its AI/HPC data center transition and the deployment pace of Starwood JV’s over 1 gigawatt capacity. The U.S. Department of Labor released April non-farm payroll data on May 8, showing 115,000 new jobs created—nearly double market expectations. Bitcoin remained range-bound between $79,000 and $80,000 following the data release; markets interpreted this “soft landing” signal as favorable for risk assets—indicating that the labor market is not overheating, thereby increasing the likelihood that the Fed will maintain current interest rates and sustaining stable medium-term liquidity conditions for crypto assets. Bitcoin spot ETFs recorded net inflows of approximately $2.44 billion in April, the strongest monthly figure of the year; April’s monthly candle closed up 16%. If Bitcoin’s May closing price remains above $76,000, it will confirm three consecutive months of positive monthly closes—a pattern Fundstrat founder Tom Lee defines as a “bear market end signal.”
Kraken Partners with MoneyGram for Global Crypto Cashouts, IPO Progress at 80%
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Summary
Kraken partners with MoneyGram to enable global crypto cashouts in over 100 countries through 500,000 locations. Kraken handles verification, while MoneyGram manages licensed remittances. On-chain news indicates this move aligns with evolving global crypto regulations. Kraken’s IPO progress is at 80%, with an estimated valuation of $13.3 billion. Deutsche Börse led a $200 million equity investment. MARA Holdings will release its Q1 2026 earnings on May 11, with a forecasted EPS of -$2.34.
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