Kraken IPO 2026: Exchange Secures $500M and Eyes $20B Valuation
Kraken has completed a $500M funding round at a $15B valuation and is now in talks for a $20B step-up, strengthening its position ahead of the Kraken Public Listing in 2026.
Tokenized Sterling Deposits: UK Banks Test a Safer Path for Digital Payments
UK banks join a pilot for tokenized sterling deposits, exploring safer digital payments and programmable money under Bank of England guidance.
Bitcoin Price Drop Explained: Why It Happened and What’s Next
Bitcoin today fell below $112K. We explain the recent Bitcoin price drop, what triggered it, and what everyday investors should know going forward.
FTX Recovery Trust Sues Genesis Digital Assets to Claw Back $1.15B in Alleged Fraudulent Transfers
The FTX Recovery Trust has filed a $1.15 billion clawback lawsuit against Genesis Digital Assets in Delaware bankruptcy court, citing fraudulent transfers of FTX customer funds through Alameda Research. The case could impact both FTX creditor payouts and the valuation of Bitcoin mining firms exposed to energy market risks.
Kazakhstan’s EVO Stablecoin Blends Solana Speed with Mastercard Payments
Kazakhstan has unveiled EVO (KZTE), a tenge-backed stablecoin built on Solana and connected to Mastercard’s payment rails. Piloted inside a regulated sandbox, the project targets real-world uses like retail purchases, online commerce, and cross-border transfers. It blends public blockchain speed with national oversight and established payments infrastructure.
UXLINK Hacker Gets Hacked: $2B Token Minting Scandal Takes a Bizarre Turn
The UXLINK hack spiraled into absurdity as the attacker who minted billions in tokens was later phished. Both the project and hacker ended up losing big.
France, Italy, and Austria Challenge MiCA Rollout, Triggering EU Power Struggle Over Crypto Oversight
France, Italy and Austria warn MiCA’s single market is at risk. Citing regulatory shopping and cyber gaps, they push for ESMA to supervise major CASPs, and may contest passports if standards don’t tighten.
Tether’s USAT Stablecoin: U.S. Launch Signals New Era Backed by Billion-Dollar Profits
Tether is entering the U.S. market with USAT, a regulated dollar-backed stablecoin issued through Anchorage Digital and backed by Cantor Fitzgerald. Led by Bo Hines, the move positions Tether to challenge Circle’s USDC and reshape stablecoin competition.
Santander’s Openbank Crypto Launch Begins in Germany, Spain Next
Santander’s digital bank, Openbank, has launched crypto trading in Germany and will expand to Spain next. Backed by MiCA regulation, the service offers five cryptocurrencies with a 1.49% fee and no custody charges.
Gemini and SEC Reach “Resolution in Principle” to End Earn Lawsuit
Gemini and the SEC agreed to a resolution in principle to end the long-running Earn lawsuit. Final settlement terms are due by December 15, closing a key chapter in crypto lending regulation.
