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Staking
Fifth-Largest Holder of Polygon Tokens Is Little-Known Chinese Crypto Project
At least one observer says Avatar is a multilevel-marketing (MLM) scheme in which users generate significant rewards for every person they successfully refer.

What Does Kraken's SEC Settlement Mean for Crypto Staking?
Kraken had a pretty lousy day, but the industry is more interested in what this means for staking.

Regulating Crypto by Enforcement and Stealth Will Set the US Back
Moves to outlaw staking and stop banks from servicing crypto companies will harm the industry and send it overseas, says CoinDesk Chief Content Officer Michael Casey.

Coinbase’s Staking Service Faces Questions After Kraken’s SEC Settlement
Crypto exchange Kraken on Thursday agreed with the SEC to pay a $30 million fine and shutter its staking platform for U.S. customers to settle charges concerning the offering unregistered securities.

SEC Did Not Consult Industry Before Kraken Crypto Staking Charges: Commissioner Peirce
The SEC commissioner spoke a day after Kraken settled charges with the regulator that its U.S. staking service was an unregistered securities offering.

Ether Liquid Staking Platforms Will Benefit as SEC Actions Likely Fail to Deal DeFi's Knockout Blow
Lido and Rocket Pool didn’t immediately see a massive rush in of capital after Kraken announced it had settled with the SEC.

First Mover Americas: Kraken's SEC Settlement Sends Crypto Markets Tumbling
The latest price moves in crypto markets in context for Feb. 10, 2023.

Liquid Staking Tokens Rally as Kraken Shuts Staking Service to Settle With SEC
The sudden price uptick of governance tokens for the largest liquid staking protocols – Lido Finance, Rocket Pool and Frax Finance – was a counterweight to the decline of the broader crypto market.

Kraken to Shut US Crypto-Staking Service, Pay $30M Fine in SEC Settlement
The announcement by the U.S. regulator confirms a CoinDesk scoop from earlier Thursday.
