Popcat meme coin rose more than 11% as Kraken announced listing for spot trading on Sept. 19. The POPCAT price reached highs of $0.67 and was trading higher at the time of writing.

Solana meme coin Popcat (POPCAT) has traded higher after crypto exchange Kraken announced it would add spot trading support. The cat-themed meme coin, which also skyrocketed nearly 30% after the world’s largest crypto exchange Binance’s listing of the POPCAT perpetual contract, had notched a double-digit gain at the time of writing on Sept. 12. After Kraken announced it would add Popcat on September 19, 2024, the price of the meme coin rose from $0.58 to highs of $0.67. CoinGecko data showed the cryptocurrency’s price was up 10% as it hovered above $0.66 at the time of writing.

Popcat is currently listed on Bybit, Gate.io, MEXC, Crypto.com and Kucoin. However, top exchanges Binance and OKX are yet to add spot trading having listed POPCAT futures. Kraken’s spot trading support is therefore one of the big moves. The token’s price responded upwards as the community cheers another milestone in the quest for more visibility. SUNDOG and CAT among other surging meme coins While current price is well above the all-time low of $0.003 reached on January 5, 2024, POPCAT remains more than 35% from its all-time high of $0.99 reached on July 21, 2024. The surge to near the $1 level suggests a rebound for meme coins could see Popcat target this peak. Some other meme coins that saw upside momentum today include Tron-based Sundog (SUNDOG) and Simon’s CAT (CAT). The former spiked after a whale withdrew $2 million worth of TRX and used the money to buy SUNDOG. Simon’s CAT, which recently completed its airdrop to Floki holders, rose after Bybit hinted at listing.

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Kraken Meme Coin News

Swift announces plans to streamline adoption of digital assets, including regulated stablecoins. Growth in the real-world assets (RWA) market, CBDCs and stablecoins are major reasons for Swift’s initiatives across the blockchain space.

Swift, the financial messaging network supporting the international payments system, is working towards a broader adoption of digital assets and currencies. This includes the use of regulated crypto assets. According to Swift, the goal is to enable network members to tap into their Swift connection for transactions that leverage both traditional currencies and digital assets. Swift eyes regulated digital assets The announcement on Sept. 11 came as Swift said it’s moving forth to the next stage of this initiative after a series of pilot programs. Partnerships with blockchain and crypto platforms have been part of the progress, with one notable collaboration involving Chainlink. A lot of the movement has come amid projections of fierce competition for Swift from blockchain alternatives. The piloting of alternative platforms have also seen Swift seek to unlock the benefits of tokenization for its members.

Swift notes that blockchain interoperability experiments have revealed how the network’s infrastructure is capable of facilitating tokenized value transfers across both public and private blockchains. Real-world assets aside, Swift has seen key collaborations across the central bank digital currencies space. These sectors, which have grown amid an explosion in stablecoin use, are what the interbank messaging provider believes could work into real-world solutions for its members. Forecasts for RWA market Various forecasts for the industry, including Standard Chartered and Synpulse’s estimate that the RWA market will reach $30 trillion by 2034, further add to this perspective. Swift plans to interlink traditional and emerging digital assets amid the tokenization boom. This is the path to real-world solutions that enable multi-ledger delivery-versus-payment and payment-versus-payment transactions, it said. When launched, both DvP and PvP aim at allowing for the real-time purchase and exchange of tokenized assets.

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CDBCs Crypto adoption Digital assets