Analysis
Bankruptcy
FTX to begin payout distributions for small creditors on Feb. 18, large claims remain pending
Small creditors to see 100% reimbursement as FTX begins fund distribution amid bankruptcy settlement.
Exchanges
Kraken secures MiFID license to offer derivatives trading in EU
Obtaining a MiFID license allows Kraken to capture Europe's expanding derivatives market while ensuring regulatory compliance.
Legal
Pumpfun hit with federal lawsuit over alleged $500M pump-and-dump scheme
Lawsuit accuses Pump.fun of exploiting underregulated token sales to profit $500M through unregistered securities.
Exchanges
Kraken revenue surges 128% to $1.5 billion in 2024 amid strategic overhaul
Kraken's strategic pivots fuel exceptional growth, doubling revenue and enhancing staking services after SEC settlement.
Trading
Grayscale launches trust for institutional access to Dogecoin
Grayscale's new Dogecoin Trust offers accredited investors a systematic approach to accessing the meme coin's potential.
Hacks
Bad actors steal $80 million in January, CEXs hit hardest
Centralized platforms account for 93.5% of stolen funds as Phemex and Moby Trade faced massive breaches.
Exchanges
Kraken relaunches compliant staking for US clients after SEC settlement
Kraken reinstates staking services for Ethereum and Solana, among others, with compliance-conscious model in 37 US states.
Regulation
Robinhood CEO warns US risks losing financial edge without tokenization clarity
Tenev warned that without clear tokenization rules, the US risks losing its financial market dominance to more progressive economies.
Mining
DCG launches Fortitude Mining to diversify beyond Bitcoin amid industry challenges
DCG's new venture-driven approach with Fortitude Mining aims to diversify crypto mining beyond Bitcoin amid post-halving challenges.
Legal
Lummis backs Coinbase with amicus brief slamming SEC for hampering efforts to regulate crypto
Lummis' amicus brief calls out SEC's enforcement-driven approach as unconstitutional, backing clearer legislative guidance.
Payments
Elon Musk’s X takes first step toward ‘everything app’ with Visa deal
Elon Musk's "everything app" vision advances as X secures licensing to begin offering digital financial services through its partnership with Visa.
Regulation
CFTC’s Pham to start tackling digital assets with new public roundtables
The CFTC's public roundtables aim to guide regulatory framework for digital assets and market challenges.