Kraken


Tech

The Protocol: Trump Makes More Pro-Crypto Appointments

Also in this issue: Aptos Labs' leadership shift and Sonic's airdrop to TikTok users.

Trump building photo mosh

Tech

Kraken’s Ink Layer-2 Goes Live

The team had originally planned for Ink to go live in early 2025, so the launch of the main network is ahead of schedule.

Kraken CEO Jesse Powell

Policy

California Judge Puts the Kibosh on Kraken’s Interlocutory Appeal Attempt

Kraken asked the judge to allow an appeals court to review his earlier ruling that the SEC had adequately alleged that the cryptocurrencies sold on Kraken’s platform could be securities.

Kraken co-founder Jesse Powell (CoinDesk)

Finance

Kraken, Tether-Backed Dutch Firm Rolls Out MiCA-Compliant Euro, U.S. Dollar Stablecoins

The issuance comes at a time when the European stablecoin market is poised for a shake-up as regulations for issuers will enter into full force by the end of this year.

Netherlands flag. (Flickr)

Policy

SEC Seeks to Dismiss Three of Kraken’s Key Defenses in U.S. Lawsuit

A motion filed earlier this week rejected several of Kraken’s defenses and complained that the exchange was "trying to re-litigate the same issues repeatedly."

Kraken co-founder Jesse Powell (CoinDesk)

Tech

Is Optimism's 'Superchain' Winning the Ethereum Layer-2 Race?

One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where teams encouraged developers to clone their code to spin up new layer 2s. Now, one project in particular, Optimism, appears to be pulling away as the clear leader.

Optimism Foundation Chief Growth Officer Ryan Wyatt (Optimism Foundation)

Tech

Kraken Picked Optimism's 'Superchain' After Getting a Pile of OP Tokens

CoinDesk is first to report that the crypto exchange Kraken's decision to build on Optimism's OP Stack framework came with a big, previously undisclosed grant from the Optimism Foundation – of 25 million OP tokens, worth about $42.5 million at the current price.

Business deal. (Shutterstock)

Tech

Kraken Picks Optimism for New Layer-2 Network, Joining Coinbase's Base on 'Superchain'

The disclosure comes nearly a year after CoinDesk broke the news that Kraken was considering its own layer-2 network, following the runaway success enjoyed by Base after it launched in mid-2023.

Kraken co-founder Jesse Powell (CoinDesk)

Finance

Crypto Exchange Kraken Launches Wrapped Bitcoin Token kBTC

The token will be available on both Ethereum and OP Mainnet.

Kraken Crypto App

Markets

Crypto Investors Mostly DCA Into Their Coins, Finds Kraken

Dollar-cost averaging can help remove emotion from decisions and focus on long-term outlook, a Kraken executive told CoinDesk.

(Unsplash)