New Kraken-Backed SPAC Hopes to Secure $250M IPO

Kraken hopes to sell 25 million units priced at $10 each through a public offering Kraken is lending its name and backing to a new special purpose acquisition company (SPAC) that plans to raise up to $250 million through a public offering. The blank-check firm, called KrakAcquisition, has filed with the US Securities and Exchange

Coinbase Lobbies for Block to Provisions In CLARITY Act

The outcome of this week’s discussions could shape how crypto rewards are treated going forward Coinbase is stepping up its lobbying efforts as US lawmakers prepare to review key sections of the CLARITY Act, a major crypto market structure bill. The debate centers on whether stablecoin issuers should be blocked from offering rewards through crypto

UK’s FCA could soon begin accepting crypto licensing applications

Those that fail to secure a license by the 2027 deadline will be restricted from conducting new UK business The UK Financial Conduct Authority (FCA) has established a definitive timeline for its new cryptocurrency licensing regime, with the application gateway scheduled to open in September 2026. Under the Financial Services and Markets Act (FSMA), all

Solana Mobile Plans SKR Token for Seeker Phone

The Seeker has already shown strong early demand, with over 150,000 devices shipped or pre-ordered globally Solana Mobile has officially confirmed that its native SKR token will launch on January 21, 2026. This digital asset is designed to serve as the backbone of the “Seeker” smartphone ecosystem, providing a new layer of decentralized governance and

Bitfinex: US Access to Venezuelan Oil Could Reduce Bitcoin Mining Costs

For high-energy mining operations, any step toward cheaper electricity is a move toward long-term sustainability Bitfinex analysts suggest that US efforts to tap into Venezuela’s massive oil reserves could lead to a significant drop in electricity costs for Bitcoin miners. By securing access to these vast resources, the energy market may see a shift toward

New Research Continues to Bust Myth That Crypto Mining Wastes Resources

The truth behind mining power consumption shows it’s not hurting the environment New research is continuing to challenge the idea that crypto mining is a drain on global resources, particularly when it comes to Bitcoin. Environmental, social, and governance researcher Daniel Batten says many of the most common criticisms around mining are not backed by

ZachXBT Investigation Traces Fake Coinbase Support Scam to $2M in Losses

The well-known crypto sleuth has been able to track where stolen assets went Blockchain investigator ZachXBT says he has uncovered a crypto scam that cost users more than $2 million after a fraudster posed as a Coinbase customer support agent. The scheme targeted users of Coinbase and relied on social engineering rather than technical exploits.

BNB chain Fermi sets hard fork for January

BNB Chain Fermi Sets Hard Fork for January

While blockchain networks trail legacy systems in throughput, systems like Fermi show how quickly that gap is narrowing The BNB Chain has confirmed that its upcoming Fermi hard fork will go live on the mainnet on January 14, following nearly two months of testing. The upgrade is designed to improve speed and efficiency as the

Trust Wallet Users Lose $7M in Christmas Day Hack

Trust Wallet owner Binance has promised to replace those funds lost during the attack Users of Trust Wallet were hit by a security breach on Christmas Day that led to losses estimated at around $7 million. The attack targeted desktop users running an outdated browser extension and was the result of weeks of preparation, according

US lawmakers scramble to keep crypto stakers from double taxation

US Lawmakers Scramble to Keep Crypto Stakers from Double Taxation

The efforts show growing momentum in Congress to align crypto taxes with how the technology actually works US lawmakers are pressing federal tax officials to rethink how cryptocurrency staking rewards are taxed, warning that current rules could unfairly hit investors twice. A bipartisan group in the House is asking the Internal Revenue Service to revisit

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