Market

Kraken exchange introduces FX perpetual futures

April 21, 2025 2 mins read

Kraken exchange introduces FX perpetual futures Kraken has announced the launch of a new asset class called FX perpetual futures (FX perps), which will allow traders to engage with the largest financial markets directly through Kraken Derivatives. The initial offerings include EUR/USD and GBP/USD pairs, both available with a leverage of up to 20x, with plans to introduce more forex pairs in the near future. According to the exchange, this

KiloEx suffers a major security breach

April 15, 2025 1 min read

KiloEx, a decentralized exchange, recently experienced a significant security breach that resulted in the loss of approximately $7.5 million. The incident was confirmed by the KiloEx team on April 15 during Asian trading hours. To manage the situation, the platform has halted all activities to limit further damage. In their public announcement, KiloEx stated that they are collaborating with various security partners to identify the attacker and recover the stolen

BlackRock, Grayscale, and Bitwise win SEC approval for Ethereum ETF options

April 10, 2025 1 min read

The U.S. Securities and Exchange Commission (SEC) has approved options trading for spot Ethereum exchange-traded funds (ETFs). This decision was made during an “accelerated approval” process. The SEC allowed Nasdaq ISE, LLC to trade options for the iShares Ethereum Trust. Additionally, it approved options trading for the Bitwise Ethereum ETF, the Grayscale Ethereum Trust, and the Grayscale Ethereum Mini Trust through NYSE American LLC. The SEC stated that the proposed

Teucrium files for an inverse XRP ETF

April 10, 2025 1 min read

Teucrium launched the first US-leveraged XRP ETF, the 2x Long Daily XRP ETF, on April 8. The ETF, trading under the ticker XXRP, had an impressive start, with around $5 million in trading volume on its first day. This performance places it among the top 5% of new ETF launches, according to Bloomberg analyst Eric Balchunas. The fund’s debut was significantly stronger than that of the Volatility Shares’ 2x Solana

Ripple to acquire crypto broker Hidden Road

April 8, 2025 1 min read

Ripple, a leading asset manager, announced its acquisition of Hidden Road, a rapidly growing prime broker friendly to cryptocurrencies. The deal is valued at $1.25 billion and is expected to close in the coming months, pending regulatory approval. This acquisition is significant as it positions Ripple as the first cryptocurrency firm to own a global, multi-asset prime broker. The announcement comes after reports that Hidden Road was in discussions for

Tether (USDT) bets its $20 billion haul that the greenback will weather the tariff storm

April 6, 2025 2 mins read

Tether, a stablecoin issuer, made headlines with its impressive $13 billion profit last year. This figure surpasses many well-known financial firms, including Goldman Sachs. Despite having no official approval from U.S. regulators and a small workforce of fewer than 200 employees, Tether is making a bold bet on the U.S. dollar. As tariffs imposed by Donald Trump disrupt the global economy, Tether aims to strengthen the dollar’s presence worldwide. CEO

Coinbase plans to launch XRP futures contracts

April 4, 2025 1 min read

Coinbase, a leading cryptocurrency firm, is looking to expand its offerings by seeking regulatory approval to offer XRP futures contracts. On Thursday, Coinbase Derivatives announced that it had submitted documentation to the Commodity Futures Trading Commission (CFTC) for self-certification of these futures. The launch is anticipated for April 21. This self-certification process allows Coinbase to demonstrate compliance with regulations, making it easier to introduce futures contracts unless the CFTC raises

The Federal Reserve maintains the federal funds rate unchanged

March 20, 2025 1 min read

The Federal Reserve decided to keep interest rates steady today, maintaining the federal funds rate between 4.25% and 4.50%. This marks the second consecutive meeting without a change, amid rising recession fears linked to the economic policies of the Trump administration. The Fed has revised its economic forecasts for 2025. It lowered GDP growth expectations from 2.1% to 1.7%. Unemployment forecasts increased slightly from 4.3% to 4.4%. Additionally, projections for

Asset manager VanEck to set up a Bitcoin investment fund or organization in Vietnam

March 18, 2025 2 mins read

VanEck, a major asset management firm with over $113 billion in assets, plans to establish a Bitcoin investment fund in Vietnam. CEO Jan van Eck met with the State Securities Commission (SSC) to discuss digital assets. He suggested that Vietnam should adopt a cautious, step-by-step approach to managing this market. VanEck aims to partner with SSI Securities, led by Chairman Nguyen Duy Hung, to create the Bitcoin fund. Jan van

Coinbase to introduce futures contracts for Cardano and Natural Gas

March 16, 2025 1 min read

Coinbase is looking to gain regulatory approval to launch futures contracts for Cardano (ADA) and Natural Gas (NGS). This initiative aims to broaden its offerings in both the energy and crypto derivatives markets. Coinbase Derivatives, the company’s futures exchange, announced that it has submitted the necessary documentation to the Commodity Futures Trading Commission (CFTC) for self-certification of these futures. Self-certification allows Coinbase to claim compliance with regulatory standards, speeding up

Pavel Durov to leave France for Dubai under modified judicial terms

March 16, 2025 1 min read

Pavel Durov, the founder of Telegram, has received permission to leave France for Dubai after changes to his judicial supervision terms. He departed from Le Bourget Airport near Paris with the approval of authorities. Durov was arrested at the same airport last August and placed under formal investigation. He was released on a €5 million bail but was not allowed to leave France while the investigation was ongoing. French authorities

China imposes new tariffs on Canadian goods

March 9, 2025 1 min read

China has announced new tariffs on Canadian imports, escalating a trade dispute between the two countries. This decision is a response to earlier tariffs that Canada placed on Chinese goods. The new tariffs will start on March 20, 2025, and will include a 100% tariff on rapeseed oil, oil cakes, and peas, along with a 25% tariff on aquatic products and pork. The trade conflict began when Canada imposed tariffs