Kraken

Kraken will close its NFT marketplace by 27 February 2025, shifting focus to new projects. Starting 27 November, the platform will enter withdrawal-only mode. The move follows market saturation and declining demand, making growth challenging for NFT platforms.

In a bid to become leaner and faster, crypto exchange Kraken has announced staff cuts as part of its restructuring.

美国加密货币交易所Kraken昨日宣布，计划于2025年第一季度推出自家的Layer 2网络「Ink」，并计划在年底前启动测试网。虽然Kraken明确表示暂时没有发行代币的计划，但市场仍然好奇其未来发展潜力。

Kraken disputes the SEC's claims that its digital assets like Cardano and Algorand are unregistered securities. The exchange argues these assets don't meet the SEC's legal criteria and criticises the regulator's unclear guidelines and overreach. The SEC's stance has also faced backlash from other crypto industry leaders.

Kraken’s handling of Bitcoin payouts for Mt. Gox creditors has led to significant dissatisfaction due to verification issues. While the exchange insists that these issues are due to account standards, the slow response from customer support has compounded user frustration.

Mt. Gox creditors finally receive Bitcoin payouts after a decade, restoring faith in the crypto industry's compensation efforts.

Kraken Custody expands to the UK and Australia, enhancing its global reach.

Kraken confirmed receiving Mt. Gox’s BTC and BCH funds for creditors, expecting payouts in 7-14 days. Mt. Gox transferred $5.8 billion in Bitcoin to undisclosed addresses, affecting market dynamics with Bitcoin’s price briefly dropping to $63,500.

Sources suggest that President Biden’s re-election campaign is considering accepting crypto donations. Is Biden attempting to appeal to crypto voters like Trump, or has his previously anti-crypto stance softened?

A notable Bitcoin transfer worth $231.45 million to Kraken has drawn significant attention. The sender, "bc1qc," with a brief transaction history, still holds 20,282 BTC valued at $1.44 billion. Such large transfers often signal potential sales, but Bitcoin's price remains stable above $70,000, reflecting strong market confidence.