Kraken Crypto Exchange announced an annual revenue of $1.5 Billion in 2024 cementing its position as one of the top exchanges in the industry.  Kraken Co-CEO Arjun Sethi announced the numbers with a 31 Jan blog post highlighting the mission of the exchange and its unique approach to growth and expansion.  “ In 2024, we…

Errol Musk, father of Tech Billionaire and Founder of Tesla has endorsed a Solana Memecoin "MUSK IT". he hopes will raise $200 million on his behalf for a Think Tank.  The Father of the richest man on the planet is backing a memecoin known as “Musk IT” and is hoping the project will do…

A Chinese court yesterday ruled Futures trading on exchanges is illegal gambling and against Chinese anti-gambling laws.  The Court reacted to a Chinese exchange BKEX 1000 leverage which it called inappropriate and used to promote bets on Price movements.  Employees and external promoters working with the exchange were prosecuted by the court. They were eventually…

Bitwise Investment made the first step in a proposed Dogecoin Exchange Traded Funds launch by filing an S-1 form to the Securities and Exchange Commission.  The Asset managers who already offer Bitcoin and Ethereum ETFs are looking to get into memecoins ETFs too.  The development was revealed by James Seyyfart, Bloomberg’s ETF Analyst and top…

Crypto.com, a leading crypto exchange, announced it is suspending Tether USDT and Paypal’s PYUSD from its platform following MiCA law on digital assets.  The suspension of the stablecoins takes effect on January 31st with other digital assets like Crypto.com Staked ETH and Crypto.com Staked SOL.  The crypto exchange platform deemed the digital assets unauthorized according…