Kraken sues crypto derivatives firm PowerTrade over 'misappropriated' funds claim
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PowerTrade changed Kraken’s positive balance of around $7 million to a $2 million deficit via a series of unauthorized “corrections” related to trades that had expired or settled months earlier, according to a legal filing.
According to Onchain Lens monitoring, two newly built wallets have deposited $8 million into Hyperliquid and opened 20 times leveraged Bitcoin multiple orders. Currently, they hold 400 BTC with a position value of $23.5 million.
The US spot Bitcoin ETF experienced a daily outflow of $469 million, higher than the previous day's $114 million, and has had a net outflow for seven consecutive weeks. The Federal Reserve maintains high interest rates due to high expectations of inflation data, and the CME FedWatch tool shows an increasing probability of interest rate hikes within the year. Large holders of 10 to 10000 BTC have recently sold tens of thousands of tokens, and Strategy has sold some Bitcoin to pay preferred stock dividends. Bitcoin fell below key price levels, leading to leveraged traders being forced to close their positions. （Cointelegraph）
According to The Block, Story Protocol has transformed into Data Foundation, shifting its business focus to AI training of data networks. The project launches the Trace system to generate verifiable on chain contribution credentials for AI training data, recording the source, authorization terms, user consent, and payment information.
Ripple and SBI Group have officially launched a financial service based on Ethereum addresses 0x8292... 17ed in Japan, which is open to retail and institutional users of SBI VC Trade after obtaining regulatory approval from the Japan Financial Services Agency (JFSA). （CoinDesk）
