Kraken Debuts Bitcoin Staking

In Elon’s continued push to make X the “everything app,” the company is planning to give users the ability to invest, send money, and eventually receive an X credit card. This comes right on the heels of X’s partnership with Polymarket to bet on real world events. With stablecoin adoption booming and X already utilizing Stripe’s Bridge for payouts, we’re going to go out on a limb and assume that much of this new rollout will be on top of crypto rails. Read more →

Researchers just confirmed the largest credential leak ever: a staggering 16 billion usernames and passwords tied to Google, Meta, and Apple. Hours later, Tether CEO Paolo Ardoino declared “the cloud has failed us” and unveiled that his team is working on PearPass – a fully-local, open-source password manager that stores nothing on external servers. With USDT profits surpassing $13 billion just last year, Tether certainly has enough cash to branch out. Ardoino also recently told Bankless that he sees the company as a “$2 trillion” business as it rolls out a broader product suite on the heels of new stablecoin regulation. Read more →

Kraken is letting customers put otherwise-idle BTC to work: users in most of the U.S. (sorry CA, ME, MD, NJ, NY, WA, WI), the U.K., Australia and the UAE can now stake bitcoin through the exchange and collect rewards in Babylon’s BABY token. Kraken says the program turns dormant exchange balances into yield while giving proof-of-stake networks extra security. Read more →