Blockspace: Kraken Cancels IPO, Vanity Fair Takes Down Crypto, Ledn's CEO on Bitcoin loans, & Mining to AI/HPC

Kraken shelves its IPO as market conditions shift. Francis Corvino joins to break down the Blockfills bankruptcy and the $145M in claims. Plus, the SEC's new token guidance, Circle’s stock surge, and a sophisticated North Korean hack targeting Bitrefill and Jimmy Song. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin. Francis Corvino, of Lygos Finance joins us to talk about the Blockfills bankruptcy filing, their $145M in unsecured claims, and why the 2022 "hangover" is still claiming victims today. We also dive into Kraken’s decision to delay its public offering, the SEC’s long-awaited guidance on token offerings, and the meteoric rise of Circle’s stock following Clarity Act talks. Finally, we warn you about the sophisticated Lazarus Group phishing campaign that hit Bitrefill and targeted seasoned developers. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Kraken delayed IPO due to market conditions. * Blockfills: $145M in unsecured claims reported. * Lazarus Group hack targeted Bitrefill via Telegram. Timestamps: 00:00 Start 03:33 Kraken IPO delay 12:06 Lygos Finance on Bitfills 26:09 SEC clarity on crypto assets 34:59 Vanity Fair hit piece 47:44 Ledn & the Bitcoin loan market 1:02:42 Cathedra on HPC & mining 👉CleanSpark CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉Luxor, Blockspace's preferred mining pool Bitcoin mining revenue changes every day. Difficulty adjusts. Fees move. Prices shift. And that makes it hard to plan. Luxor Pool’s Fixed Payouts let miners lock in revenue at a guaranteed daily rate for up to 18 months. According to Hashrate Index, miners who used rolling fixed payout strategies since the last halving have outperformed FPPS mining by up to 15 percent. Fixed Payouts give you predictable daily revenue, so you can plan, budget, and grow with confidence. With Luxor, uncertainty is optional. Learn more at luxor.tech/mining