Su Launches New Crypto Exchange, Kraken Settles with SEC
Digital asset markets took a dive late yesterday after the SEC announced its $30m settlement with Kraken’s staking service and investigation into stablecoin issuer Paxos. BTC -3.23% and ETH -1.89% retraced 4.0% and 6.3% in the past day, while ^SPX and QQQ -1.97% are down 0.30% and 1.3% since yesterday’s close. In response to the SEC’s crackdown on centralized staking services, liquid staking derivative RocketPool (RPL) performed well relative to the market, up 14.8% over the past day. Zero-knowledge tokens have outperformed as well, in anticipation of Polygon’s zkEVM Mainnnet. Loopring (LRC – a zkRollup Layer 2) and Mina Protocol (MINA – an efficiency-focused zk-Layer 1 blockchain) have both gained 1.0% over the past day. Dusk Network (DUSK), a zk-based privacy blockchain for financial applications with a smaller market cap, appreciated 21.3% over the same period.
