Hyperliquid is reportedly in discussions with Kraken's parent company regarding a potential entry into the United States market.
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Kraken's parent company wins $22 million arbitration case against auditing firm Mazars.
Odaily that Kraken's parent company, Payward, has won an arbitration against its former auditing firm, Mazars USA, with the arbitrator ruling that Mazars must pay Payward $22 million. Payward is currently seeking confirmation of the arbitration award and a final judgment from the Delaware Court of Chancery. The controversy stemmed from the peak of "Operation Choke Point 2.0" in 2022. Payward claims that Mazars abruptly withdrew from an audit of Kraken that was nearly complete, without finding any problems with the company, but this move damaged Kraken's reputation and forced it to spend years and significant legal fees clarifying its situation. Payward co-CEO Arjun Sethi stated that auditing is not a "gift" for crypto companies, but rather a critical infrastructure for maintaining trust with banks, licenses, counterparties, and regulators. An auditing firm withdrawing without finding anything negative leaves the company unjustly shrouded in suspicion. "Operation Choke Point 2.0" is the crypto industry's term for the regulatory pressure exerted during the Biden administration, referring to the informal pressure exerted by US regulators on banks to restrict services to crypto businesses after the FTX collapse. Sethi stated that the US FDIC sent at least 25 letters to 24 banks, demanding that they suspend or avoid expanding their crypto-related businesses. This ruling is also seen as a legal counterattack by the crypto industry against such regulatory pressure.
Hyperliquid in Talks With Kraken Parent to Bring Crypto Perps to US Traders
A deal would route the decentralized exchange's perpetual futures through Payward's US-regulated Bitnomial, marking Hyperliquid's first US foray—weeks after Trump said his administration was working to bring it onshore.
Nasdaq Is Investing $100 Million In Kraken Parent Payward At $21 Billion VALUATION-BLOOMBERG News - Rtrs
TreeNews News, Nasdaq is Investing $100 Million in Kraken Parent Payward at $21 Billion VALUATION-BLOOMBERG News - Rtrs
TikTok's Parent Company Just Borrowed $30 Billion to Go All-In on AI
Nearly 30 banks backed the rare unsecured facility as TikTok’s parent company spends heavily on AI chips, models, and overseas data centers.
The US Independence Day amnesty targets three groups, potentially becoming a new tool for Trump to win over the public.
According to BlockBeats, on July 3rd, the 250th anniversary of American independence, the White House is discussing a proposal to grant a presidential pardon to 250 people. It is understood that "President Trump will be the final decision-maker for all pardons." This news has sparked heated discussions in the community: if the pardon proposal passes, who should be pardoned? Some analysts point out that the 250th anniversary pardon list should emphasize symbolic and public interest dimensions, highlighting the image of "merciful America" or correcting cases considered "weaponized justice." In the actual decision-making process, lobbying, political loyalty, public attention to high-profile cases, and potential economic, diplomatic, and presidential benefits will all be important considerations. Therefore, white-collar/financial criminals; reformed, non-violent criminals; and criminals involved in high-profile/symbolic cases or "politically/policy-related" cases are the three groups most likely to be pardoned. Based on publicly reported cases, applications, prediction markets, and historical discussions, BlockBeats has compiled the following list of individuals involved in highly controversial federal cases: White-collar/Financial Criminals: Former FTX executive Ryan Salame and FTX founder SBF are undoubtedly worthy of serious consideration by Trump. Since his second election, Trump has consistently portrayed himself as a crypto supporter, and given his continued need for substantial crypto community support during his midterm elections, Ryan Salame and SBF are undoubtedly top contenders for the pardon. Other media reports indicate that Jho Low, a key figure in the 1MDB multi-billion dollar misappropriation case, has reached an asset recovery agreement with the U.S. Department of Justice and has therefore been included on the pardon list. Rapper Pras Michel, convicted of lobbying efforts related to the 1MDB scandal, is also under consideration. In addition, businesswoman Elizabeth Holmes, embroiled in the largest tech fraud case in history for founding the blood testing company Theranos, is also a hot topic in the community. Goodly Rehabilitated, Non-violent Offenders: Nicole Daedone was convicted of conspiracy to force labor by a federal court and sentenced to nine years in prison for founding OneTaste. OneTaste reportedly promoted wellness programs such as "orgasm meditation," and was accused of forcing employees (including women) to participate in sexually related labor and "intimate practices" under the guise of "volunteer work," creating a systematic forced labor environment. Nicole Daedone's release was highly anticipated in the market. The reason is that the wellness industry background might be interpreted as a "controversial business model" rather than extreme crime, easily fitting into the "goodly rehabilitated" narrative. Political Prisoners: WikiLeaks founder Julian Assange was charged with violating the Espionage Act for publishing a large number of classified US documents (including Iraq/Afghanistan war logs and diplomatic cables). In 2024, he reached a plea agreement with the US Department of Justice (on a lesser charge) and was released, returning to Australia. Edward S
Ripple's co-founder has reportedly invested in a company founded by the son of a US senator.
PANews reported on July 3rd that, according to Cointelegraph, Ripple co-founder and executive chairman Chris Larsen has reportedly invested in American Perpetuals Exchange Corp. (APEC), a derivatives exchange founded by Theodore Gillibrand, son of New York Senator Kirsten Gillibrand. The platform has reportedly raised $30 million, with most investors contributing between $5,000 and $10,000. This investment comes as Gillibrand is involved in negotiations regarding the ethics provisions of the Clarity Act, which is expected to have a significant impact on the US crypto industry.