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Kraken looking to raise $100 million in preparation for 2025 IPO
Kraken is reportedly planning to raise $100 million through a final funding round by the end of the year before an eventual IPO in 2025, Bloomberg News reported on June […]
Robinhood’s $200 million Bitstamp acquisition aims to expand global crypto footprint
Robinhood has announced its agreement to acquire global crypto exchange Bitstamp for approximately $200 million in cash. The acquisition, subject to regulatory approvals and customary closing conditions, is expected to […]
Bybit opens doors to Chinese users despite regulatory hurdles
Bybit has removed China from the list of countries whose citizens are restricted from using its services. CryptoSlate confirmed this development on June 5 via the exchange’s website and noted […]
Binance to limit unregulated stablecoins in EU ahead of new crypto rules
Binance will limit the availability of “unregulated stablecoins” in the EU by June 30, aligning with the upcoming Markets in Crypto-Assets Regulation (MiCA), according to a statement released on June […]
OKX user claims to have lost $2 million in deep fake AI scam
A user known as “来日方长” (The Future is Long) has reported a significant security breach involving their OKX account, resulting in a loss exceeding $2 million. According to WuBlockchain, the […]
Coinbase slams SEC in closing brief over refusal to provide clear regulation
Coinbase filed a closing brief with the US Court of Appeals for the Third Circuit on May 31, challenging the SEC’s denial of its rulemaking petition. The case revolves around […]
Gemini Earn returns over $2 billion in crypto, triggering concerns of sell pressure
Crypto exchange Gemini said users of its now-defunct Earn product received $2.18 billion of their digital assets, according to a May 29 statement. These distributions amount to 97% of the […]
Bankrupt Mt. Gox trustee said it is not selling Bitcoin
The Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has confirmed that it has not sold its significant Bitcoin holdings despite transferring over 140,000 BTC (approximately $10 billion) today. […]
Coinbase claims SEC is trying to ‘side-step’ Howey test in latest appeal attempt
Coinbase believes the SEC is trying to “side-step” the Howey test by avoiding the question of whether a digital asset transaction carrying no post-sale obligations can be an investment contract. […]
Crypto exchanges Gate.io, OKX retreat from Hong Kong licensing efforts
Two prominent global exchanges’ subsidiaries — Gate.io and OKX — have withdrawn their applications for an operational license in Hong Kong in the last two days. This decision reflects a […]