Crypto News

Kraken announced it has officially secured a Restricted Dealer registration in Canada, reinforcing its commitment to serving Canadian crypto investors while adhering to enhanced investor protection guidelines for crypto exchanges. This follows a rigorous pre-registration undertaking process, ensuring that Kraken meets the highest industry standards in governance, security, and compliance. To celebrate, Kraken is offeringSource link

Bitcoin blockchain's hashrate is surging, revealing a growing dislocation between the network activity and prices for its native token bitcoin (BTC). On a 14-day moving average, the hashrate, representing the computational power required to mine a block on the proof-of-work Bitcoin blockchain, recently reached an all-time high of 838 exahashes per second (EH/s), and on a 24-hour time frame, it spiked to 974 EH/s, the second highest level ever, according to Glassnode data. Measuring over a 24-hour window can be misleading due to block time variability, so longer timeframes give more reliable insights. In two days, Bitcoin’s difficulty adjustment — which recalibrates every 2016 blocks to maintain a 10-minute block interval — is expected to increase by over 3%, reaching...

Nonco, an institutional digital asset trading firm, has launched its foreign exchange (FX) onchain initiative on the Avalanche network, aiming to bridge institutional FX liquidity with the stablecoin market. The FX Onchain protocol, built on Avalanche’s C-Chain, automates conversions between local currencies and USD-backed stablecoins, such as USDC and USDT, facilitating faster and more cost-effectiveSource link

U.S. recession fears are in the air following President Donald Trump's tariff plan, with prediction platforms Polymarket and Kalshi indicating heightened concerns the economy will take a hit.On Polymarket, a decentralized prediction platform, the chance of the country slipping into recession this year topped 50% for the first time since the betting contract "US Recession in 2025" began trading early this year. The contract's Yes shares soared to over 50 cents from 39 cents in less than 24 hours. The contract will resolve to Yes if the National Bureau of Economic Research (NBER) confirms a recession at any point before Dec. 31. The other condition requires back-to-back quarterly contractions in gross domestic product.Kalshi, a U.S.-based regulated prediction market, also points...

Fidelity Digital Asset Research Analyst Zack Wainwright states that bitcoin might still be in a euphoric, volatile period, which he calls an acceleration phase. At the end of this phase, bitcoin might experience a dramatic rally that could take the asset to new heights. Fidelity Digital Assets Expects Big Rally Taking Bitcoin to Price DiscoverySource link