Crypto Market Highlights: Bitcoin Surges Past $70k, Solana Sees New Project Launch, Kraken Gains Fed Access, and Tether Under Audit Spotlight
Crypto Market Highlights: Bitcoin Surges Past $70k, Solana Sees New Project Launch, Kraken Gains Fed Access, and Tether Under Audit Spotlight
Kraken Financial has achieved a significant regulatory milestone by gaining direct access to the Federal Reserve's core payments infrastructure, a move long sought by crypto firms for direct US dollar settlement. On the altcoin front, the $BANK token launched on Solana via Metaplex Spotlight, accepting $SOL for payments, and aims to offer liquid on-chain exposure to poker bankrolls. Meanwhile, Bitcoin showed strong market momentum, breaking above $70,000 for the first time since early February, with analysts suggesting a potential short squeeze for bears. In stablecoin news, Tether has engaged a Big Four accounting firm for a reserve report related to its US strategy, though the article notes that lingering questions about the $189 billion USDT reserves still remain unanswered.
Kraken has cleared a regulatory hurdle that crypto firms have chased for years: direct access to the Federal Reserve’s core payments infrastructure. On March 4, the exchange said its Wyoming-chartered bank, Kraken Financial, has been granted a Federal Reserve master account, allowing it to settle US dollar payments directly over Fed rails instead of routing […]
Switzerland-registered FANtium AG launched $BANK on Solana today, with a public sale via Metaplex Spotlight. The token is designed to give holders liquid on-chain exposure to a professionally managed poker bankroll. The sale window runs through March 6, 00:00 UTC, accepts payment in $SOL, and carries no KYC requirement, excluding restricted jurisdictions. How $BANK Works […]
Bitcoin rose above $70,000 today for the first time since early February, extending a rebound that is starting to look less like a brief relief rally and more like a market trying to reverse momentum after months of heavy selling. CryptoSlate data showed Bitcoin gaining over 7% on the day, lifting the flagship digital asset […]
Tether has landed a Big Four accounting firm’s name on a reserve report tied to its US strategy. On Feb. 27, Deloitte issued an independent accountant’s report on Anchorage Digital Bank’s “USAT Reserve Report,” an attestation covering USAT, a US dollar token issued by Anchorage Digital Bank, National Association, in collaboration with Tether. The development […]