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Kraken is suing crypto derivatives firm PowerTrade for missing funds

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Payward, the parent company of cryptocurrency exchange Kraken, has taken legal action against PowerTrade, a highly leveraged derivatives platform based in the United Arab Emirates, alleging that the firm’s founders misappropriated $7.2 million of Kraken’s digital assets and unrealized gains. “PowerTrade and its co-founders misappropriated $7.2 million of Payward’s digital assets and unrealized gains. Payward’s […]

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Post-jail CZ says time behind bars didn’t hurt billionaire’s post-Binance business

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“I don’t hold a grudge or anything, do I? I just want to help grow crypto everywhere in the world, and to do that we need to help grow crypto in America.” The Canadian citizen said he will not participate at any level in American politics, despite his industry’s growing reputation for political campaigning and

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Circle and Nomura join forces to target $440 billion daily foreign exchange market in Japan

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Boston-based stablecoin issuer Circle Internet Financial on Thursday announced a partnership with Japanese financial conglomerate Nomura Holdings to launch a digital asset settlement business. The companies plan to implement a business payment service in Japan as early as 2027. The deal will let Japanese companies exchange yen for USDC, Circle’s US dollar-backed stablecoin, according to

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Bitcoin (BTC) derivatives signal price panic. Weak US inflation reading could trigger snapback: Crypto Daily

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Furthermore, both core and headline readings can be seen as outdated or backward-looking given the recent decline in oil prices. WTI crude futures have fallen to $70, well below the $100-plus levels seen during the Iran war in March and April. Headline inflation is expected to hit 4.1%, the highest since early 2023, driven mainly

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CoinEx denies claims it served as $3.84 billion gateway to sanctioned Iranian crypto firms

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Blockchain intelligence firm TRM Labs said CoinEx acted as a gateway for the crypto sector in Iran, after tracking more than $3.84 billion in flows between the exchange and sanctioned Iranian entities in the past seven years. TRM Labs said CoinEx became the largest single trading partner of Iran’s largest crypto exchange Nobitex, which accounted

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Micron Technology ( MU ) rose 16% after blowout earnings and strong guidance

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Computer memory chipmaker Micron Technology ( MU ) delivered big third-quarter earnings on Wednesday, lifting the entire AI memory sector, AI-related stocks and even giving crypto a little boost. Bitcoin BTC$61,649.39 climbed back above $60,000 after markets closed, but bullish AI sentiment will ultimately draw more liquidity away from crypto. Micron shares rose 16% in

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BTC, ETH, SOL price predictions as bitcoin dips below $60,000

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The pressure on crypto has come into its own. The break below $60,000 reflects continued outflows from US spot bitcoin ETFs, the Federal Reserve’s hawkish turn and a US dollar that climbed to a seven-month high, Alex Kuptsikevich, chief market analyst at FxPro, said in an email to CoinDesk. A stronger dollar makes dollar-denominated assets

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Ripple-linked token slips 2.8% as weak bounce keeps $1 support in focus

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XRP lost $1.0850 during Tuesday’s selloff, but failed to regain it. That leaves the token at the lower end of the June range, with buyers still defending the $1.05-$1.07 range but no longer pushing the price far enough to change the band. Each failed rejection earns $1 to look a little closer. News background •

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Forget max pain. Bitcoin is well below the $72,000 magnet heading into expiration of $10 billion options

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Bitcoins BTC$61,650.42 price declines ahead of Friday’s quarterly options settlement have once again cast doubt on the popular “max pain theory.” The maximum pain level for this expiration is $72,000, significantly above current spot prices of around $61,700. On Friday at At 8:00 a.m. ET, $10 billion worth of options expire on Deribit, the world’s

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