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In brief KRAKacquisition may find a target that’s worth as much as $10 billion. The goal is to align a small- or mid-cap company with the crypto exchange. The search comes as Kraken contemplates its own public offering. KRAKacquisition Corp., a special purpose acquisition company formed in January, is searching for a target that could be worth as much as $10 billion, director Ravi Tanuku told Decrypt.The blank-check firm, sponsored by an affiliate of crypto exchange Kraken, hasn’t determined what that firm could look like, but Tanuku noted that Wall Street’s interest in firms associated with stablecoins and tokenization reached…

Bitcoin miners are caught in the tightest squeeze of the network’s history, and a new Wintermute report argues that simply waiting for the next bull run is no longer a strategy.  Instead, the firm says miners will have to reinvent themselves as infrastructure and treasury managers if they want to make it to the next halving. Wintermute analyst Jasper De Maere says the current mining cycle is structurally different from prior ones in 2018 and 2022. Bitcoin’s design cuts block rewards in half every four years, but this time the price has not doubled over the same window, which means…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The world’s richest man, Elon Musk, has confirmed when public access to X Money will be available. This has raised speculation about what to expect from this feature, especially regarding potential crypto integration.  Elon Musk Reveals When Public Access For X Money To Rollout Next Month In an X post, Elon Musk revealed that early public access for X Money will launch next month. This marks a huge progress as the world’s richest man moves to transform the social media platform into the ‘Everything App.’ Crypto traders…

The next big Bitcoin policy fight may have nothing to do with ETFs or government legislation, but with a dry Federal Reserve capital proposal that most investors will never read.The landscape is simple: will big banks continue to treat Bitcoin as a balance sheet hazard, or will US capital rules begin to leave room for more serious bank intermediation around it?With the Fed expected to vote next week on a revised Basel proposal and then open a 90-day comment window, this little-noticed rulemaking could become one of the most important banking decisions for Bitcoin in years.Reuters reported on Mar. 12…

In brief Story Protocol developer PIP Labs has let go of several employees and contractors. The reductions come as the firm explores opportunities associated with AI. The company unveiled an $80 million Series B funding round in 2024. PIP Labs, the company behind Story Protocol, a layer-1 network for licensing and maintaining intellectual property, has let go of several employees as it explores opportunities associated with artificial intelligence.The reductions include five full-time employees and three contractors, representing around 10% of staff contributing to Story across various entities, the company told Decrypt. That includes the Story Foundation and infrastructure layer Poseidon,…

The U.S. Treasury Department on Thursday sanctioned six individuals and two entities linked to a North Korean government scheme, which it alleged used fraudulent IT workers to infiltrate American companies and funnel hundreds of millions of dollars to Pyongyang’s weapons programs.The scheme generated nearly $800 million in 2024 alone, according to the Treasury’s Office of Foreign Assets Control (OFAC), which announced the action as part of a broader crackdown on North Korea’s overseas revenue networks.“The North Korean regime targets American companies through deceptive schemes carried out by its overseas IT operatives, who weaponize sensitive data and extort businesses for substantial…

In brief Token2049 and The Open Network conferences scheduled in Dubai have been canceled or postponed amid the Iran conflict. Conference organizers noted the importance of safety for their attendees and sponsors. Token2049 will still host its event in Singapore later this year. A pair of upcoming crypto conferences scheduled in Dubai have been canceled or postponed for the safety of attendees and organizers amid ongoing geopolitical tensions and the Iran war conflict. Following the Thursday cancelation of The Open Network’s (TON) scheduled Gateway event in Dubai, Token2049 announced Friday that it too would forgo hosting an event in Dubai this…

BlackRock’s new staked Ethereum ETF (ETHB) is easy to misunderstand.This is not the first time ETH staking has finally reached exchange-traded products, as Grayscale has already crossed that bridge. What’s interesting about the launch is that BlackRock is now standardizing the way Ethereum is explained to mainstream investors.With ETHB, Ethereum is being repackaged less as a confusing crypto-tech bet and more as a yield-bearing portfolio asset: something investors can hold in a brokerage account, potentially collect monthly staking-related income from, and understand in much more familiar investment terms.BlackRock introduced the iShares Staked Ethereum Trust ETF on Mar. 12. BlackRock’s release…

In brief Bitcoin’s recent push toward the $73,669 weekly high is supported by stabilizing ETF flows. TRUMP, Pi Network, and Render tokens saw significant double-digit gains fueled by distinct project-specific news Experts attribute the altcoin rallies to easing geopolitical tensions and a broader risk-on sentiment Bitcoin has been locked in a relatively tight trading range for weeks. But that hasn’t stopped a few altcoins from staging double-digit rallies fueled by specific catalysts and a broad return of risk appetite.The leading cryptocurrency has traded between roughly $73,000 and $62,000 for the past five weeks. Over the last 24 hours, Bitcoin has…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Federal Reserve is set to open a new chapter in the US Basel III debate next week, and for Bitcoin policy advocates the stakes are unusually clear: whether the largest American banks will keep inheriting a capital regime that treats bitcoin as effectively untouchable. The fight centers on Basel’s 1,250% risk weight for certain crypto exposures, a calibration critics say makes regulated bank participation in Bitcoin uneconomic by design. Bitcoin’s ‘Toxic’ Basel Label Heads For Public Review Conner Brown, managing director at Bitcoin Policy, cast the…

Bitcoin has outperformed gold, silver, and major US equity indexes since the US-Israeli attack on Iran began, recovering to over $72,000 even as oil surged above $100 a barrel and traders cut expectations for near-term Federal Reserve easing.According to CryptoSlate data, Bitcoin is up 7.3% since the conflict began and even rallied to a one-month high of over $73,000. The flagship digital asset has since retraced to around $72,200 as of press time.Over the same stretch, gold fell to $5,091, about 4% below the level it stood before the first strikes hit Iran. Silver dropped more than 10%, falling from…

Mastercard’s crypto partner push is really a plan to keep stablecoins inside its networkMastercard is trying to make sure the stablecoin era still needs its card services.On Wednesday, the company launched a program with more than 85 crypto-native firms, payments providers, banks, compliance vendors, custody companies, exchanges, and infrastructure groups. On its face, that reads like another ecosystem announcement.However, let’s look at what the list implies. Mastercard is assembling the counterparties it needs so that if stablecoins, tokenized deposits, and other digital-dollar instruments become meaningful payment rails, those flows can still pass through Mastercard’s acceptance, trust, and settlement layers rather…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows the Bitcoin spot volume has shown resilience recently while the rest of the cryptocurrency sector has seen a slump. Altcoins Have Noted A Decline In Spot Activity Since Late January As highlighted by on-chain analytics firm Glassnode in a new post on X, Bitcoin and the rest of the cryptocurrency market have diverged in terms of the spot trading volume. The “spot trading volume” is a metric that measures, as its name suggests, the total amount of a given asset that’s becoming involved in…