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 and ETH retraced 4.0% and 6.3% in the past day, while ^SPX -0.20% and QQQ -0.25% 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.
Articles Read 1/2
Enjoyed the read? Subscribe now for unlimited access!
Get invaluable analysis of the market and stocks. Cancel at any time.
Already have an account? Sign In 187038-d9b5c2-df4b9e-b2bd4e-9481c0
Already have an account? Sign In 187038-d9b5c2-df4b9e-b2bd4e-9481c0