Kraken acquires Magna: Move Into Token Capital Formation Infrastructure
TL;DR
Kraken acquires Magna through its parent company Payward, adding token lifecycle management capabilities to its platform.
The deal...
Kraken Joins Corporate Push Behind Trump Accounts — But With a Wyoming Twist
Kraken will sponsor Trump Accounts for all newborns in Wyoming in 2026, shifting corporate participation from employee benefits to a statewide model.
South Korea Probes Bithumb After $40 Billion Bitcoin Accounting Error
South Korean regulators are investigating Bithumb after an internal accounting error credited roughly 620,000 BTC to user balances, briefly allowing real Bitcoin withdrawals before controls intervened.
Gemini Shrinks Its Footprint Post-IPO
Gemini exits Europe post-IPO, withdrawing from the UK, EU, and Australia as it scales back its international footprint and reduces costs. The move highlights a broader consolidation trend among public crypto companies facing tighter margins and higher regulatory demands.
Coinbase Insider Trading Lawsuit Moves Forward After Years of Procedural Limbo
TL;DR
A Delaware court declined to terminate an insider trading lawsuit, keeping alive shareholder claims tied to stock sales around Coinbase's 2021 direct listing.
The ruling...
