Kraken, a United States crypto exchange, has developed a new way to identify fraudulent wallets by creating a fake crypto account on the exchange to "scam bait" bad actors. Popular streamer Kitboga, who creates content around annoying scammers, revealed that Kraken had built him a "custom environment" to frustrate a scammer impersonating President Joe Biden. In the video clip, Kitboga can be seen with around $450,000 worth of Bitcoin in his Kraken-built fake crypto account. The collaboration between Kraken and Kitboga was made possible by Kraken's chief security officer Nick Percoco.

Circle, the issuer of USDC stablecoin, minted $140 million worth of USDC and transferred it to Coinbase on behalf of a big buyer.

Ethereum Foundation and its creator Vitalik Buterin transferred a significant amount of ETH to crypto exchange Kraken. Vitalik Buterin transferred 200 ETH, and Ethereum Foundation transferred 15,000 ETH. This raised concerns in the crypto community that the move could lead to a crash in ETH and meme coin prices, as similar large transfers by Ethereum Foundation have caused significant price drops in the past. Additionally, Buterin has a history of selling meme coins, which often leads to a drop in their value. Despite these concerns, ETH's price has increased by 3% in the last 24 hours, currently trading at $1,964.

“Political opportunism and demagoguery” are the largest drivers of the regulatory crackdown and federal banking restrictions on US-based cryptocurrency companies,” Jason Weinstein, a partner at Steptoe, said during a panel at Consensus 2023.

Kraken announced the appointment of Dave Ripley as the company’s new CEO.

Kraken has joined Coinbase in an effort to push back against the growing regulatory scrutiny by United States regulators.

Kraken is requesting a federal court in San Francisco to intervene in the issue and ask the United States Internal Revenue Service (IRS) to back off from its demand for customer information. The crypto exchange has deemed the demand as an "unjustified treasure hunt," citing Coinbase's case from 2017 and claiming that the IRS has gone "far beyond" its intrusive summons. Kraken has joined Coinbase in pushing back against growing regulatory scrutiny by American regulators. The growing pushback from regulatory bodies has become a concern for crypto companies in the US, with some warning that it will force budding crypto companies to move offshore.

Cryptocurrency exchange Kraken is challenging a probe by the IRS relating to the tax reporting of its users. The IRS is investigating whether there are users who are underreporting their tax payments. Kraken's decision to narrow the scope of the investigation is a sign of crypto companies in the United States fighting back against what they consider to be unfair scrutiny. Coinbase is another exchange that has proven to be tough when it comes to scrutiny and is currently in a battle with the SEC. U.S. authorities' moves have irked the crypto community, who think that it is an overreach, and taxation and KYC remain some of the biggest concerns for authorities in the United States.

Several crypto exchanges, including Crypto.com, Bitstamp, Kraken, and Binance, have been ordered by a Gibraltar court to cooperate with the liquidators of crypto trader Globix, who are seeking to track $43 million that went missing. The exchanges have been ordered to identify the owners of suspect wallets and Binance has been ordered to freeze transfers. Gibraltar has been seeking to become a crypto hub, housing spot trading services for the Huobi exchange and ZUBR, a subsidiary of collapsed crypto exchange FTX. The crypto trader stopped receiving investments in June amid crypto market turmoil and filed for liquidation last month.

The recently implemented Shanghai upgrade in the Ethereum blockchain allows validators to access their staked assets and rewards. However, the SEC and CFTC are increasing their scrutiny of the staking arm of digital asset companies, leading to concerns about centralization. Over 30% of staked ETH is facilitated by exchanges, but regulatory actions against Kraken, Coinbase, and Binance regarding their staking activities have raised concerns. Some commentators argue that the SEC's actions are attempting to make staking completely decentralized, where users deal directly with the protocols without staking pools.