🐋 WHALE WATCH: Payward is reportedly targeting a $20 billion valuation in its latest funding round. The exchange has spent over $2.6 billion on acquisitions recently to dominate the derivatives and stablecoin space. With a confidential IPO filing already submitted, they are clearly positioning themselves as the primary rival to Coinbase. The big players are loading up before the public debut. Is Kraken the best exchange play for the 2026 cycle?(Whale Factor)