Crypto news

Bitcoin Frenzy, Kraken’s Bold Move, and SEC’s Mysterious Vanishing Act | Weekly Recap

BBG News

Ah, another week, another round of financial gymnastics. In this week’s thrilling recap, we shall witness Strategy’s Bitcoin binge, Kraken’s leap into the realms of stocks and forex, and the SEC’s inexplicable closure of yet another investigation. Buckle up, dear reader, for the twists and turns of the week’s events!

Strategy Acquires Additional 3,459 Bitcoin

  • Ah yes, Strategy, the company formerly known by another name, couldn’t resist buying more Bitcoin (BTC). This time, they splurged on 3,450 BTC worth a whopping $292 million. No big deal, right?
  • This is their third consecutive Monday buying spree, bringing their grand total to a staggering 531,644 Bitcoin—currently worth $45.07 billion. Surely, they’re not just hoarding them under the mattress?
  • And let’s not forget the little detail that they paid a mere $82,618 per BTC for this most recent batch. A small fortune to some, a weekend shopping spree to others.

Kraken Expands to Stocks and Forex Trading

  • Kraken, the crypto exchange known for its love of all things digital, has decided to dip its toes into the stock market. They’ve now begun offering commission-free stock and ETF trading in certain U.S. states and the District of Columbia. Will they now be trading your grandma’s stock portfolio?
  • And as if that weren’t enough, Kraken has launched two new foreign exchange perpetual futures contracts—GBP/USD and EUR/USD—with up to 20x leverage on their Derivatives platform. Sure, let’s add some leverage to that, because what could go wrong?

SEC Closes CyberKongz Investigation

  • Ah, the mysterious SEC. On Tuesday, CyberKongz announced that the Securities and Exchange Commission has wrapped up its investigation into their project. If only all investigations could be so swift and silent.
  • The NFT collection now plans to “rebrand” after the SEC’s closure. Because why not? Who doesn’t love a good rebrand after evading the regulatory spotlight?

Healthcare Firm Files to Fund Bitcoin Purchases

  • In a bold move, Nasdaq-listed Semler Scientific (SMLR) submitted a registration statement with the SEC, aiming to raise $500 million in securities. The proceeds? Well, to fund the acquisition of Bitcoin, of course. Who knew healthcare and crypto had such a cozy relationship?
  • According to their Tuesday filing, Semler plans to sell securities worth $500 million in various offerings. Guess they’re hoping Bitcoin will be the cure for their financial woes?

OKX Announces U.S. Market Entry

  • OKX, the Seychelles-based crypto exchange that’s about as global as they come, is setting their sights on the U.S. market. They’re launching both a centralized trading platform and their OKX wallet in the States. No big deal, just a humble market entry.
  • As part of this grand expansion, they’ve also set up a regional headquarters in San Jose, California, and appointed a former Morgan Stanley and Barclays executive as their U.S. CEO. Looks like they mean business!

Chinese Local Governments Selling Seized Cryptocurrencies

  • In a somewhat ironic twist, local authorities in China have been liquidating confiscated cryptocurrency assets through private companies. Despite the country’s strict crypto trading ban, it seems the government can’t resist converting seized crypto into good old cash to prop up the economy.
  • Because when in doubt, why not supplement public finances by selling off illicit crypto? After all, a slowing economy calls for some creative problem-solving.

DWF Labs Purchases $25 Million in World Liberty Tokens

  • In a move that left many scratching their heads, market maker DWF Labs acquired $25 million worth of World Liberty tokens through a “strategic private transaction.” The kicker? The crypto project is backed by none other than President Donald Trump and his family. How’s that for a power play?
  • As DWF Labs expands into New York City, they’re providing liquidity for World Liberty Financial’s upcoming stablecoin, USD1. Who needs traditional banks when you’ve got these high-flying deals?

North Korean Hackers Expand Crypto Targeting Methods

  • In more unsettling news, Manta Network co-founder Kenny Li reported being “targeted” by the Lazarus Group in a Zoom phishing attempt. No, it’s not a scene from the latest spy thriller—it’s just another day in the crypto underworld.
  • The North Korean hacking collective is upping its game, using fake Zoom calls, stolen identities, and malware to infiltrate the crypto space. A little digital espionage, anyone?

eXch Exchange Announces Shutdown Amid Hack Allegations

  • And finally, eXch, the privacy-focused cryptocurrency exchange, has decided to call it quits. They’ll cease operations on May 1 following alleged connections to the $1.4 billion Bybit hack and an “active transatlantic operation.” No one said running a crypto exchange was easy.
  • With accusations of money laundering in the mix, it seems like eXch has become just another cautionary tale in the wild west of digital finance. Maybe next time, they’ll focus on something a little less… controversial.

Read More

2025-04-20 18:06

Previous post Oti Mabuse’s Shocking Baby Bombshell: Is Another Miracle on the Way?
Next post Power Rangers Documentary Exposes Dark Secrets, But Misses This Shocking Truth!