Cryptocurrency exchange Kraken has expanded its derivatives trading offering in its home jurisdiction through a new acquisition. Kraken acquired Small Exchange, a designated contract market maker (DCM), from the trading company IG Group for $100 million, the company announced on Thursday. With the DCM licensed by the US Commodity Futures Trading Commission (CFTC), the Small…
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A shareholder of healthcare technology company Semler Scientific filed a lawsuit seeking to block the company’s proposed merger with Strive, the asset manager turned Bitcoin treasury company led by former US presidential candidate Vivek Ramaswamy. According to a complaint filed in the US District Court for the Northern District of Illinois, plaintiff Terry Tran accused…
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Bitcoin may struggle to sustain its upward trend unless something triggers more excitement among investors, according to Glassnode. “Without a renewed catalyst to lift prices back above $117.1k, the market risks deeper contraction toward the lower boundary of this range,” Glassnode said in a report published on Wednesday. Bitcoin (BTC) is trading at around 5%…
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Australia’s national financial intelligence agency would receive powers to restrict or ban crypto ATMs under new draft legislation in the works from the country’s minister for cybersecurity and home affairs, Tony Burke. Burke said during a speech at the National Press Club on Thursday that the draft legislation will give the Australian Transaction Reports and…
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Bank of England Deputy Governor Sarah Breeden has clarified that the central bank’s plan to restrict stablecoin holdings and transaction size will only be a temporary measure to ensure stability in the financial system. The proposed limits on stablecoins were first floated in a November 2023 discussion paper as a means to ensure financial stability.…
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US President Donald Trump has confirmed the US is in an active trade war with China after threatening a 100% tariff on all Chinese imports last week. “Well, we’re in one now,” Trump said after being asked by White House reporters whether the US is preparing for a “sustained trade war with China.” ”If we…
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Zeta Network Group said on Wednesday that it raised about $230.8 million through a private share sale, with investors paying in Bitcoin (BTC) or SolvBTC — a wrapped Bitcoin-backed token issued by Solv Protocol. Under the deal, investors will receive newly issued Class A ordinary shares and warrants allowing them to buy additional shares later…
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James Wynn, a pseudonymous high-leverage crypto trader, was liquidated for about $4.8 million on Wednesday, according to blockchain analytics company Lookonchain. Wynn opened up $4.8 million in leveraged positions with $197,000 in stablecoins on Tuesday, Lookonchain reported. “Back with a vengeance, coming to get what’s rightly mine,” Wynn said on Tuesday as he placed his…
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Ripple CEO Brad Garlinghouse said at a recent conference that crypto companies should receive the same benefits as traditional financial institutions when following the same laws and regulations. Speaking at DC Fintech Week on Wednesday, Garlinghouse said it was unlikely for regulators such as the US Securities and Exchange Commission (SEC) to roll back their…
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Key takeaways: CME’s futures open interest in the top four cryptocurrencies reached $28.3 billion, surpassing Binance’s $23 billion and Bybit’s $12.2 billion. Despite CME’s lead in open interest, unregulated exchanges still dominate trading volumes, especially in altcoin and perpetual futures. Friday’s cryptocurrency market crash wiped out a record $74 billion in leveraged positions across the…
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