Weekly Crypto Digest: Major Industry Developments
Weekly Crypto Digest: Major Industry Developments
馃く Do Kwon Finally Caves
Several significant developments have shaped the crypto landscape this week:
Do Kwon Pleads Guilty: The Terra/LUNA founder has admitted responsibility in the $40B collapse case
MicroStrategy's Bitcoin Holdings: $MSTR has reached a notable milestone, now controlling 3% of total BTC supply
Ethereum Momentum: ETH approaches its previous all-time high, signaling strong market confidence
XRP Legal Resolution: Ripple achieves settlement with SEC, marking a crucial regulatory development
These events represent substantial shifts in both market dynamics and regulatory landscape.
Do Kwon pleads guilty. $MSTR now holds 3% of all Bitcoin. #ETH nears its all-time high. #XRP settles with the SEC. Get caught up on this week鈥檚 crypto news with @OllieLeeech 馃憞
Alkimi Exchange Token Coming to Kraken
Kraken has announced the upcoming listing of $ALKIMI, the native token of Alkimi Exchange - a platform focused on revolutionizing the digital advertising economy. - Trading pairs and specific launch date to be announced - Follows successful pattern of recent token listings on Kraken - Geographic restrictions may apply *Note: Deposits and trading functionality will be confirmed closer to launch date.* Visit [Kraken's official announcement](https://k.k.xyz/JDNW/od3k0g9v) for updates.
Kraken and Tanssi Network Launch $100K TANSSI Token Airdrop
Kraken has partnered with Tanssi Network for a $100,000 TANSSI token airdrop campaign. - Available exclusively through Kraken App and kraken.com - Campaign ends August 20, 2025 at 11:59 PM UTC - Not available on Kraken Pro or Pro app - Geographic restrictions apply The TANSSI token, which launched on Kraken in July 2025, powers decentralized sequencing and appchain infrastructure. [Learn more about the airdrop](https://support.kraken.com/articles/kraken-drops-tanssi-airdrop)
Bitcoin 2025 Conference Features Historic Keynote from VP JD Vance
Bitcoin 2025 conference in Las Vegas showcased industry leaders and featured a landmark keynote from Vice President JD Vance. Notable speakers included Bo Hines and David Sacks. Kraken Co-CEO Arjun Sethi made multiple high-profile appearances: - Bloomberg TV interview discussing tokenized equities - Presentation at Newcomers Breaking The Bank Summit Sethi highlighted Kraken's role in bridging traditional finance and DeFi through the NinjaTrader acquisition and regulatory engagement in Washington. *The conference marks a significant milestone in crypto's mainstream acceptance.*
Kraken Launches Operations Across EEA Under MiCA Regulation
Kraken has officially launched operations across all 30 European Economic Area (EEA) countries under the new MiCA regulatory framework. Key features include: - Passporting of regulated services across 30 countries - Access to over 450 digital assets - Local funding support and streamlined onboarding - Institutional-grade trading with OTC services - Enhanced consumer protections under MiCA framework This expansion marks a significant milestone in regulated crypto services across Europe, serving a market of over 450 million people. [Learn more about Kraken's European expansion](https://blog.kraken.com/news/all-30-eea-countries-mica)