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Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism's OP Stack blockchain framework. CoinDesk is first to report that the deal was reached early this year, involving a grant of 25 million OP tokens, at the

The disclosure comes nearly a year after CoinDesk broke the news that Kraken was considering its own layer-2 network, following the runaway success enjoyed by Base after it launched in mid-2023.

According to a blog post shared with CoinDesk, the new Kraken Wallet will be the first from a major exchange to be open-sourced.

Kraken is looking to raise more than $100 million and this may be completed by the end of this year, Bloomberg reported.

The bug found by a "security researcher" led to $3 million stolen from Kraken's treasuries.

Crypto exchange Kraken has demanded a jury trial in the case brought against it by the U.S. Securities and Exchange Commission (SEC), a court filing Thursday showed.

CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.

The issuance comes at a time when the European stablecoin market is poised for a shake-up as regulations for issuers will enter into full force by the end of this year.

The opposition party leads the polls in what's likely to be an election year.