Cointime

Cointime

Download App
iOS & Android

Crypto Evening Briefing: Kraken Is Planning To Launch Its Own Bank

Cointime Official

Top Stories

Kraken Is on Track To Launch Bank ‘Very Soon’ Despite Regulatory ‘Weird Place’

Kraken is moving ahead with plans to launch its own bank despite a challenging regulatory environment and the recent shuttering of its on-chain staking services for U.S. clients to settle U.S. Securities and Exchange Commission charges that it violated securities laws. 

Singapore Police Have Begun Probing Crypto Fugitive Do Kwon’s Terraform Labs

Singapore police said they have begun a probe linked to Terraform Labs Pte, the company co-founded by crypto fugitive Do Kwon.

Crypto Funding Seen Shifting From CeFi to DeFi After Major Collapses: CoinGecko

Digital asset investment firms poured $2.7 billion into decentralized finance (DeFi) projects in 2022, up 190% from 2021 as investments into centralized finance (CeFi) projects went the other way — falling 73% to $4.3 billion over the same timeframe.

Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report

Troubled Hong Kong crypto lender Babel Finance is planning on issuing a crypto-backed stablecoin in unison with a decentralized finance (DeFi) platform in an attempt to repay creditors following a $766 million loss last year, according to a Bloomberg report.

Bybit Introduces Mastercard-Powered Debit Card Days After Halting USD Transfers

Bybit is set to launch a new debit card offering that will allow users to make payments and withdraw cash using cryptocurrency holdings. The Bybit Card will operate on the Mastercard network and will allow for fiat-based transactions by debiting cryptocurrency balances when used to pay for goods and services. 

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $22,419.86 USD, dropped by 0.08% in the last 24 hours;

ETH’s live price is $1,566.70 USD, dropped by 0.26% in the last 24 hours;

BNB’s live price is $285.28 USD, dropped by 2.18% in the last 24 hours;

XRP's live price is $0.3642 USD, dropped by 2.07% in the last 24 hours.

Fundraising News

WGFdesocial Has Secured $20million Seed Funding Led by Dao Venture Capital

WGFdesocial, multi-chain privacy communication protocol based on blockchain technology, has secured $20million seed funding led by Dao venture capital. Humza Saleem, the co-founder and chief CEO of WGFdesocial, said that this is a completely decentralized social app without any collection of user’s information.

Bitcoin Bitcoin $74,970.71
-4.41%
Blockchain Kraken Bybit DeFi Singapore Do Kwon Mastercard Crypto
Comments

All Comments

Recommended for you

  • UBS Group increased its stake in Strategy by 3.23 million shares, bringing its total holdings to 5.76 million shares.

     according to CoinDesk, that Switzerland's largest bank UBS Group increased its holdings by 3.23 million shares in the Bitcoin reserve company Strategy, bringing its total holdings in Strategy to 5.76 million shares (valued at $805 million).

  • Wintermute: This bear market may end faster than previous ones, and the market will most likely recover in the second half of the year.

    Wintermute posted on X stating that it is clear we are already in a bear market, and in fact, it has lasted for some time—especially judging by the performance of altcoins, the extreme concentration of rebounds, and market sentiment on X. However, what makes this bear market different is that it was not triggered by structural collapses like FTX, Luna, or 3AC, but rather driven by macroeconomic conditions and cyclical trend changes, representing a relatively natural deleveraging process, with the core driving forces being changes in positions, risk appetite, and market narratives.

  • BTC breaks through $79,000

    the market shows BTC breaking through $79,000, currently at $79,014.62, with a 24-hour increase of 3.04%. The market is highly volatile, please manage your risk accordingly.

  • The US spot Bitcoin ETF saw a net inflow of $562.62 million yesterday.

    according to Trader T monitoring, the US spot Bitcoin ETF had a net inflow of $562.62 million yesterday.

  • ETH falls below $2,300

     the market shows that ETH has fallen below $2300, currently at $2299.76, with a 24-hour increase of 1.65%. The market is highly volatile, please manage your risks accordingly.

  • BTC breaks through $79,000

    market shows BTC breaking through $79,000, currently at $79,010, with a 24-hour increase of 2.66%. The market is highly volatile, please manage your risk accordingly.

  • The Chicago Board Options Exchange plans to relaunch binary options in order to enter the prediction market.

    Chicago Board Options Exchange (Cboe) is in early discussions with retail brokers and market makers to relaunch binary options contracts, aiming to compete in the rapidly growing prediction markets. Kalshi and Polymarket reached a trading volume of $17 billion in January, setting a monthly record high. Cboe had launched the product in 2008 but subsequently withdrew it, and is now seeking to reposition the product as a starting point for retail investors entering the options market through compliant design. The plan will be regulated by the SEC or CFTC.

  • BTC falls below $75,000

     the market shows BTC falling below 75,000 USD, currently at 74,991 USD, a 24-hour decline of 4.9%, with significant market fluctuations, please manage your risk accordingly.

  • BTC falls below $75,000

     the market shows BTC falling below $75,000, currently at $74,968.02, a 24-hour decline of 4.83%. The market is highly volatile, please manage your risk accordingly.

  • Bybit Receives In-Principle Approval to Establish Virtual Asset Platform in the United Arab Emirates

    Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced that it has received In-Principle Approval (IPA) from the Securities & Commodities Authority (SCA) of the United Arab Emirates (UAE) to operate as a Virtual Asset Platform Operator in the UAE. The approval, dated February 18, 2025, signifies a significant milestone in Bybit's efforts to provide a secure and compliant platform for crypto traders in the region. Bybit is now in the final stages of obtaining its fully operational license, demonstrating its commitment to meeting regulatory and compliance standards. This authorization brings Bybit closer to offering a wide range of digital asset services to retail and institutional clients in the UAE, aligning with its goal of fostering a compliant and innovative digital asset ecosystem. Bybit's progress in the UAE complements its existing regulatory approvals in the Middle East and reflects its dedication to compliance in key financial hubs worldwide.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company