Author: driver789

Recent events at the US Federal Reserve signal acceptance of digital assets at the highest levels of the country’s monetary system. Kraken recently became the first crypto exchange to receive a master account at the Federal Reserve.The Fed could also see a new crypto-friendly chair. US President Donald Trump on Wednesday submitted a pro-Bitcoin candidate for the Senate’s consideration.These developments represent a significant shift in how the Fed could treat the crypto industry. But there are also detractors.Why are Fed master accounts so important to the crypto industry?On Wednesday, Kraken announced that its Wyoming-chartered bank, Kraken Financial, had been awarded a…

A sharp volatility spike wiped out $471m in crypto derivatives positions in one day. Summary Total crypto liquidations over 24 hours reached about $471m across major exchanges. Shorts absorbed the bulk of the damage, with $348m rekt versus $123m in long liquidations. Bitcoin, Ethereum and other majors saw funding reset as overleveraged bearish bets were squeezed. Crypto derivatives traders endured another brutal reset as roughly $471m in futures positions were liquidated over a 24-hour window, according to data. Liquidations are telling a story here.The move toward $74K wiped out a large wave of short positions, with total crypto liquidations nearing…

Kazakhstan’s central bank revealed plans to allocate up to $350 million from its gold and foreign exchange reserves to investments linked to cryptocurrencies and digital assets.The bank’s governor, Timur Suleimanov, said the institution is developing a list of acceptable investments, which will extend beyond direct cryptocurrency holdings, according to a Reuters report on Friday.The country became a major bitcoin BTC$70,022.99 mining hub after China’s 2021 mining ban pushed operators abroad. In 2025, Astana-based Fonte Capital introduced central Asia’s first spot bitcoin ETF (BETF), offering regulated, physically backed exposure to bitcoin.The investment strategy is expected to include shares of high-tech companies…

Culper Research disclosed a short position in ether and ETH-linked securities on Thursday, arguing that Ethereum’s post-upgrade economics have deteriorated enough to put sustained downside pressure on the token. The firm pointed directly at Ethereum’s December 2025 Fusaka upgrade, and at Vitalik Buterin’s recent sales, as evidence that “ETH is going lower.” “NEW: We are short Ether ETH, and ETH-linked securities, incl. BMNR,” Culper wrote on X. “We think ETH tokenomics are impaired following the December 2025 Fusaka upgrade. Vitalik knows it and is selling, while ETH’s most ardent bull, Tom Lee, is throwing good money after bad.” Why Culper…

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission and one of the most consequential figures in American crypto regulation, has been officially confirmed as a speaker at Bitcoin 2026 — bringing the voice of Washington’s most Bitcoin-forward regulatory agency to the world’s largest Bitcoin conference in Las Vegas. Confirmed by the U.S. Senate in December 2025 as the 16th Chairman of the CFTC, Selig began his career as a law clerk for then-CFTC Commissioner J. Christopher Giancarlo, before moving into private practice advising financial institutions, trading platforms, and digital asset developers on compliance with securities and commodities laws.…

The cryptocurrency exchange Kraken has launched the on-chain platform xChange for trading tokenized assets xStocks from the Backed project. The service operates on the Ethereum and Solana networks, available 24/5. Users have access to over 70 tokenized U.S. stocks and ETFs, including securities from Apple, Nvidia, Tesla, and an S&P 500 index fund. xChange consolidates liquidity from various blockchains, narrowing spreads and improving prices compared to traditional DeFi pools. Asset prices are pegged to real-time quotes from traditional stock markets. Trades are executed instantly on an all-or-nothing basis, with no partial order closures. For additional liquidity depth, developers have integrated…

A US Judge has temporarily frozen 70.6 Bitcoin tied to cryptocurrency lending and trading company BlockFills and ordered a full segregated account of customer funds after Dominion Capital accused the company of misappropriating customer assets and commingling funds, according to a court filing.The complaint, filed Feb. 27, alleges that BlockFills unlawfully retained millions of dollars in customer crypto assets and used commingled funds to cover losses. Judge Mary Kay Vyskocil issued a temporary restraining order (TRO) for 70.6 Bitcoin (BTC), worth about $5 million, currently held by BlockFills, which Dominion says belongs to it, according to a Tuesday court filing.BlockFills…

Short-selling firm Culper Research says it has taken a bearish position against Ethereum’s native token and companies closely tied to it, arguing that the blockchain’s economic model is deteriorating following recent network changes. Summary Culper Research disclosed a short position against ether and ETH-linked stocks, including BitMine. The firm argues Ethereum’s fee revenue has collapsed, weakening the network’s economic incentives. Culper claims some network activity metrics may be inflated by spam transactions such as address-poisoning and dusting. Short seller Culper targets Ethereum and BitMine in bearish report In a report published March 5, Culper disclosed it is shorting Ethereum (ETH)…

Vancouver Mayor Ken Sim’s plan to invest city reserves in bitcoin BTC$70,614.48 is not permitted under the Vancouver Charter and British Columbia’s Municipal Finance Authority Act, a staff report says.The briefing released ahead of a March council meeting recommends closing a 2024 motion to make Vancouver a “bitcoin-friendly city,” after staff determined the plan violates municipal investment rules embedded in the city’s charger. Staff wrote they “conclusively determined that under the Vancouver Charter, bitcoin is not an allowable investment asset for the City.”The conclusion reflects the highly restrictive framework governing how Canadian municipalities can invest public funds. Section 201 of…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum has pushed back above the $2,100 level, signaling a modest improvement in market sentiment after weeks of volatility and uncertain price action. The move above this key threshold comes as the broader crypto market begins to stabilize, allowing ETH to recover some of the momentum lost during the recent correction. While the recovery remains cautious, recent on-chain data suggests that trading activity around Ethereum is beginning to intensify. According to a recent report from CryptoQuant, the ETH Binance 30-day Exchange Liquidity Ratio reveals a notable shift…