Weekly Crypto Recap: Strategy’s Bitcoin Buys,Kraken’s Expansion,and SEC Updates
Strategy,a prominent company,has added 3,459 Bitcoin to its holdings,worth about $292 million. This latest purchase brings their total Bitcoin stash to 531,644, valued at $45.07 billion. The company paid $82,618 per Bitcoin.
Kraken, a leading crypto exchange, is now offering commission-free stock and ETF trading in select U.S. states. They’ve also introduced two foreign exchange perpetual futures contracts,GBP/USD and EUR/USD,with up to 20x leverage.
The SEC has closed its investigation into the NFT project, CyberKongz. The project plans a rebrand following this regulatory closure.
Semler Scientific, a healthcare firm, filed with the SEC to raise $500 million for Bitcoin purchases and other uses. Simultaneously occurring, OKX, a crypto exchange, plans to enter the U.S. market with a trading platform and wallet.
Chinese local governments are selling seized cryptocurrencies through private companies, despite the country’s crypto trading ban. This practice helps supplement public finances.
Mantra’s CEO, John patrick Mullin, pledged to burn his team tokens after a 90% price crash. DWF Labs purchased $25 million in World Liberty tokens, linking it to their New York City expansion.
Binance is advising governments on crypto regulations and creating national Bitcoin reserves. North korean hackers are expanding their crypto targeting methods, including fake Zoom calls and malware.
eXch, a privacy-focused exchange, announced its shutdown amid hack allegations. Canary Capital filed for a Tron staking ETF, adding to the growing range of crypto ETF applications.
