On December 5th, according to an official announcement, Kraken now supports deposits and withdrawals of USDC on the Optimism network.Kraken currently supports two versions of USDC: USDC.e and Optimism native USDC.

According to Whale Alert, a blockchain data tracking service, at 00:00 Beijing time, 891 BTC ($33,725,274) was transferred from Kraken to Bitfinex.

According to Whale Alert monitoring, 60 million USDT were transferred from Kraken to Bitfinex.

The US Securities and Exchange Commission (SEC) has accused Kraken, a San Francisco-based crypto exchange, of operating its trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. The SEC alleges that Kraken has made hundreds of millions of dollars "unlawfully facilitating the buying and selling of crypto asset securities." Wyoming Senator Cynthia Lummis, a noted crypto supporter, criticized the SEC's action, calling it an example of "ruling by enforcement." Lummis has previously called for a federal digital asset regulation bill to pass in the US early next year.

On November 22nd, according to on-chain data from Nansen, Binance had a net outflow of $514 million in the past 24 hours, Kraken had a net outflow of $121 million, and Coinbase had a net outflow of $57.48 million. The three combined had a net outflow of nearly $700 million.

Kraken co-founder Jesse Powell criticized the SEC's recent lawsuit against his company on the X platform. Powell condemned the SEC's actions and suggested that crypto companies consider leaving the US market.<br>He referred to the SEC as "America's top decel," a common phrase in the tech industry used to describe entities that hinder progress. Powell expressed dissatisfaction with the SEC's actions and implied that the regulatory body was using its power to extort funds from companies in the crypto industry.<br>Powell stated that the cost of fighting the SEC in court could exceed $100 million, which many companies in the industry would be unable to afford. In light of this financial burden and the SEC's aggressive stance, Powell suggested that other crypto companies consider moving their operations outside the US. <br>Earlier today, the SEC accused Kraken of mixing customer funds with company funds and operating unregistered exchanges, brokerages, and clearing agencies.<br>Kraken responded on the X platform, stating that it does not agree with the SEC's claims and plans to vigorously defend its position.

Kraken argued that the SEC is “demanding compliance with a regime that doesn’t exist” in response to the regulator’s Monday lawsuit against the crypto exchange.

On November 21st, Kraken, a cryptocurrency exchange, responded to the Securities and Exchange Commission's (SEC) lawsuit, which accused Kraken of operating as an unregistered national securities exchange, broker, and clearinghouse. Kraken disagreed with the allegations and plans to vigorously defend its position. The news today has no impact on the products Kraken provides and the company will continue to provide uninterrupted service to its customers.

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken, accusing the crypto exchange of violating federal securities laws by commingling customer and corporate funds while operating as an unregistered broker, clearing agency, and dealer. The SEC alleges that Kraken created a "significant risk" by commingling up to $33 billion in customer crypto with its own corporate assets and holding more than $5 billion worth of its customers' cash. The regulator also claims that Kraken has paid operational expenses directly from bank accounts that hold customer cash. The SEC has previously filed similar suits against Binance and Coinbase, and settled allegations against Bittrex's now-shuttered U.S. wing.

Whale Alert monitored that at 22:31 today Beijing time, 1,750 BTC (worth about $63,596,190) was transferred from Kraken to Bitfinex.