Kraken Institutional expands crypto custody services to the UK and Australia. This marks their first international move since March 2024. Supported assets include $BTC, $ETH, and $USDC. This strategic step aims to enhance local engagement in crypto markets. #Update
? Major breach: Indian crypto exchange @WazirX lost over $234M in assets due to a hack on its Ethereum-based wallet. Hackers swapped stolen tokens for $ETH using Uniswap V3. Withdrawals suspended to protect users. #CryptoSecurity #Update
? Indian crypto exchange WazirX hacked, losing $235M. Suspicious transactions detected by Cyvers, funds mixed via Tornado Cash. Blockchain detective ZachXBT traced attacker’s wallet holding $100M in $SHIB, $11.2M in $MATIC. WazirX pauses withdrawals. #CryptoSecurity
Indian crypto exchange @WazirX suffered a $230M security breach affecting $SHIB, $PEPE, $ETH, and $MATIC. Unauthorized transfers from a multisignature wallet led to asset dumps. Withdrawals paused to protect user funds. Highlights urgent need for enhanced crypto security measures. #CryptoSecurity
Upbit restricts crypto trading for employees, blood relatives, and executives ahead of the Virtual Asset User Protection Act (VAUPA) on July 19. The exchange’s transparency report includes measures against insider trading and price manipulation. This move aims to ensure user safety and market stability. #CryptoRegulation
BlockFi will start compensating U.S. clients via @Coinbase in July 2024 after concluding bankruptcy proceedings. The delays were due to regulatory challenges. Partnerships with Three Arrows Capital and FTX resulted in settlements of $409M and $874.5M. #Crypto #Update
Binance will delist $ICP/$BNB and $MAV/$TUSD pairs on July 19 due to low liquidity. Despite this, $ICP rose 8% to $10.12, and $MAV surged 8% to $0.2304. Binance also launched “The Battle of The Meme Dogs” featuring $SHIB and $DOGE, ending July 29. #Update
FTX agrees to a $12.7B settlement with the CFTC over fraud allegations, aiming to expedite Chapter 11 proceedings and compensate creditors. $4B is for disgorgement and $8.7B for damages. Court review on Aug 6, 2024. #CryptoRegulation #Update
Ethereum’s supply on exchanges hits a 34-month high as $ETH surges past $3,500, trading at $3,490. Daily volume jumps 7.6% to $19.8B. Whale transactions drop 12%, smaller deposits drive the supply rise. #Ethereum #Update
Plaintiffs renew lawsuit against @Tether_to and @bitfinex, alleging market manipulation of Bitcoin and other cryptos with unbacked USDT tokens. Despite previous accusations and a $18.5M settlement, Tether’s market cap hits $113B. #Update #CryptoNews
Binance’s 2024 Mid-Year Crypto Market Report reveals a 37.3% surge in market cap to $2.27T. Highlights: Bitcoin dominance post-halving, DeFi TVL up 72.8% to $94.1B, and stablecoins near peak levels. #Update
#Crypto #Bitcoin #DeFi
? @krakenfx partners with Tottenham Hotspur as Official Crypto & Web3 Partner. Starting 2024/2025, Kraken will also be the Official Sleeve Partner for all Men’s and Women’s teams. This multi-season deal aims to enhance fan experience and crypto education. #CryptoNews
Kraken confirms receiving $BTC and $BCH for Mt. Gox creditor repayments. Distributions to users will occur within 14 days. Mt. Gox recently transferred $6B in Bitcoin. This could affect market dynamics. #Update
Kraken confirms receipt of $BTC and $BCH from Mt. Gox trustee. Funds will be deposited into creditors’ accounts within 7-14 days. Mt. Gox moved 95,869.97 BTC ($6.06B) recently. This marks a major step in repaying creditors and highlights Kraken’s efficiency. #CryptoNews
