Kraken Lands Fed Master Account, Skips Correspondent Banks
Kraken's master account is the first live test of a path that lets crypto firms bypass correspondent banks — a structural shift the industry has chased for a decade.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
Kraken's master account is the first live test of a path that lets crypto firms bypass correspondent banks — a structural shift the industry has chased for a decade.
A bitcoin wallet linked to the Satoshi era has transferred more than $200 million in BTC to institutional crypto prime…
1K $BTC (≈79.3M) moved from #Binance to #Ceffu.
Pre-IPO contracts, prediction markets, 24/7 tokenized equities, and a USDC deal FalconX sizes at $160M annualized revenue — Hyperliquid is no longer a perp venue, it's a full-stack exchange bid.
BTC is above its 50-day average for the first time in weeks, but ETH, SOL and XRP are still below theirs — and $2B in spot ETF outflows over two weeks is keeping the bid cautious.
Geopolitical easing drove a weekend relief bid even as two stablecoins lost their pegs, the Fear & Greed Index stayed in fear at 30, and BTC dominance sat heavy at 58.3%.
BTC has now bounced and failed at the same 20-week SMA / 21-week EMA band that capped prior midterm years — and the next FOMC plus Bank of Japan decision lands exactly when history says a final low…
The 6 million BTC in vulnerable UTXOs is the headline number, but 4.12 million of those are operationally exposed through address reuse — a fixable, market-driven risk that hangs over the current…
B3's first guaranteed OTC option tied to Hashdex's HASH11 cleared through the same CCP, margining, and settlement plumbing that BlackRock is still lobbying US regulators to open to tokenized assets.
Pending CFTC approval, QBTC lets investors hedge 1 BTC per contract through a normal brokerage account — a structural leg-up in the march to institutional crypto risk management.
Robert Kiyosaki, author of Rich Dad Poor Dad and long-time dollar skeptic, is calling Iran's decision to accept Chinese…
The outflow lands as BTC trades well below its January peak and marks one of the largest weekly redemptions since the products launched — ETH funds joined the bleed while SOL, XRP, and HYPE saw…
The pause itself is the signal: after 110 consecutive purchases since August 2020, a single week of bond-buying reframes Strategy as a capital allocator that sometimes waits, not a forced buyer.
A Republican bill to codify a strategic Bitcoin stockpile — funded by seized Iranian crypto, not taxpayers — lands the same week the S&P 500 prints its eighth straight green weekly candle for only…
Two previously dormant Bitcoin wallets deposited 1,650 BTC — worth approximately $127 million at current prices — into…
Saylor is pitching a tax-deferred credit-dividend mechanic on BTC capital gains as a yield instrument — and betting the credit market will absorb every coin miners sell.
1.4K $BTC (≈107.7M) moved from unknown wallet to #FalconX.
It's the first on-record acknowledgment from the executive chairman that the treasury could become a source of supply — a framing the market has spent months debating.
Stand With Crypto events in 500+ cities underscore a political mobilisation play — but a CoinDesk poll showing 1% of US voters rank crypto as a top concern complicates the pitch.
Two executive orders and a Fed master-account update landed in the same week, but the skinny charter still needs Congress — and the Senate calendar just got tighter.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Kraken Lands Fed Master Account, Skips Correspondent Banks" — read at /en-US/a/fed-may-open-direct-settlement-rails-to-crypto-firms-as.