Everything web3, crypto, defi, degen
Throughout the quarter, Kraken accelerated that momentum – introducing new product categories, enhancing client experiences and expanding platform-wide capabilities to strengthen our full product suite. Our results demonstrate the scalability of our multi-product platform and the resilience of our model in a fast-changing market. By pairing innovation with discipline, we continue to lay the foundation…
In brief Gespa, Switzerland’s gambling authority, filed a formal criminal complaint against FIFA’s NFT collectibles platform. The regulator pointed to the site’s random draws and right-to-buy offerings, which it likened to sports betting and lotteries. FIFA Collect is the soccer governing body’s collectibles platform, which now runs on an Avalanche L1. Gespa, the lottery and…
The United States on Tuesday announced that it is seeking the forfeiture of 127,271 Bitcoin, currently worth over $14.2 billion, in the largest such forfeiture action in the history of the Department of Justice.The United States Attorney’s Office for the Eastern District of New York and the Department’s National Security Division filed the civil forfeiture…
In brief McAfee has uncovered a Trojan campaign that uses GitHub to redirect malware to new servers whenever existing servers are taken down. The malware is primarily targeting countries in South America, with a particular focus on Brazil. The virus is uploaded via phishing emails, and is capable of stealing banking and crypto credentials. Hackers…
In brief Ethereum came within $200 of its all-time high Thursday, and could reach $5,000 driven by strong institutional demand and over $1.3 billion in ETF inflows last week. Analysts cite robust on-chain metrics, whale accumulation, and supportive macroeconomic conditions as key factors supporting the rally. The upcoming Fusaka upgrade expected in November promises major…
In brief Gespa, Switzerland’s gambling authority, is reportedly operating a preliminary probe into FIFA’s right-to-buy ticketing feature. The right-to-buy collectibles provide the option to purchase physical tickets to World Cup games from a select pool of set-aside tickets for FIFA Collect users. FIFA Collect is the soccer governing body’s official digital collectibles platform, now operating…
In brief Dutch and U.S. authorities shut down VerifTools, a major fake ID marketplace that generated $6.4 million selling counterfeit documents for as little as $9 in crypto. The operation seized 23 servers from one of the largest international providers of fraudulent identity documents. Modern fake IDs use sophisticated technology like holograms and UV ink,…
In brief Crypto market cap has rebounded above $3.7 trillion. Ethereum has broken above a key price resistance zone. XRP and Litecoin show double-digit weekly gains, and the charts are showing signs traders like to see. After a rough weekend that saw cryptocurrencies plunge alongside global risk assets, the crypto market is staging an impressive…
In brief Altcoins have climbed the most amid a broad crypto market rebound. It comes amid a week of mostly red as President Trump reignited his trade war on Thursday, slapping trade partners with tariffs up to 41%. XRP and Ethereum led the way for the top 10 cryptocurrencies, climbing 4.5% and 2.7% respectively. Altcoins…
In brief The White House unveiled new tariffs on Thursday. A cooler-than-expected jobs report pointed to a tepid labor market. Odds of a September rate cut surged to 83% from 37%. The price of Bitcoin and other cryptocurrencies wavered on Friday as investors weighed the White House’s latest round of tariffs against fresh signs of…
