Everything web3, crypto, defi, degen
In brief Kitabo Co., a century-old Japanese textile firm, plans to buy Bitcoin worth ¥800 million (approx. $5.4 million). The move aligns with a broader trend in Asia, where traditional firms like Metaplanet are adopting Bitcoin to hedge against monetary debasement. Kitabo will acquire the digital asset via dollar-cost averaging and may lend holdings to…
In brief Legal precedents block Trump from legally firing Powell except for misconduct, not policy disagreements. Trump allies are escalating pressure on Powell, including a criminal referral and threats of early succession. Rate cut speculation may boost crypto in the short term, but long-term instability could pressure risk assets, Decrypt was told. A public clash…
In brief CoinDCX confirmed a $44 million hack on July 19 that affected an internal liquidity account, while assuring that customer funds remain safe. The exchange launched a bounty program offering up to 25 percent of recovered funds, with a potential payout of $11 million to those who assist in tracing the stolen assets. The…
In brief Bitcoin enthusiasts have often likened the cryptocurrency to “digital gold,” a decentralized alternative to precious metals. Recent academic research has indicated that Bitcoin and gold may serve fundamentally different investor types. At present, research indicates that Bitcoin lacks the historical track record, stability, and crisis-tested resilience of gold—though that could change with time.…
In brief A 74-year-old man disappeared in May after leaving home without his phone. Authorities believe the disappearance is linked to the man’s family’s crypto fortune. They’ve found evidence of fraudulent activity and impersonation of him to communicate with family members. The man’s son, a hedge fund executive, believes someone stole his father’s identity and…
In brief Strategy keeps its $72 billion Bitcoin stash with multiple custodians, but won’t publicly name them, citing security concerns despite pressure from crypto community. Coinbase confirmed it’s one of Strategy’s custodians, while blockchain analytics firm Arkham claims to have traced 70,000 BTC to Fidelity. SEC filings reveal Strategy uses only NYDFS-regulated custodians, narrowing the…
In brief More than 40 top AI researchers propose monitoring chatbots’ internal “chain of thought” to catch harmful intent before it becomes action. Privacy experts warn that monitoring these AI thought processes could expose sensitive user data and create new risks of surveillance or misuse. Researchers and critics alike agree that strict safeguards and transparency…
July 16, 2025 | News Washington State residents can now create accounts, trade and access the full suite of our crypto services. Welcome, Washington! Kraken is thrilled to announce that we are live and fully operational in Washington. After a period of regulatory alignment and platform enhancement, residents of the Evergreen State can now access…
We are proud to share that we closely collaborated with the United States Secret Service (USSS) on an extensive investigation into a crypto fraud scheme. Fraudsters used social engineering techniques to build trust with victims over time, an approach commonly known as “pig butchering.” This joint effort resulted in the largest-ever crypto seizure by the…
The crypto market has a reputation for being fast-moving and volatile – but when assets begin testing and breaking new all-time highs (ATHs), traders face some of the most critical decisions of their careers. In a recent Twitter/X Spaces session hosted by Kraken VP Growth Matt Howells-Barby, veteran trader @Dentoshi unpacked the mindset, tools and…
