Kraken Reopens Staking for 39 U.S. States

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Kraken Reopens Staking for Users in 39 U.S. States

Kraken, a popular cryptocurrency exchange, has announced the reopening of its on-chain staking service for users in 39 U.S. states. The service allows users to stake 17 different cryptocurrencies, including Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Cardano (ADA). The relaunch follows a $30 million penalty and the suspension of Kraken's staking operations in February 2023 due to regulatory issues.

LayerZero Labs Settles with FTX Estate, CEO Bryan Pellegrino Focuses on Future Growth

LayerZero Labs, a blockchain interoperability protocol, has reached a settlement with the FTX bankruptcy estate. The agreement, which involves a confidential financial settlement, allows LayerZero to refocus on its operations while addressing creditor interests. CEO Bryan Pellegrino expressed enthusiasm about the development, stating that the company is no longer involved in litigation and can now focus on growth.

Tether Integrates USDT with Bitcoin’s Base Layer and Lightning Network

Tether, the world's largest stablecoin issuer, has announced the integration of its USDT stablecoin with Bitcoin's base layer and Lightning Network. The integration combines Bitcoin's security with Lightning Network's speed, allowing seamless operation across both networks while reducing transaction costs. Tether plans to expand its staking service to more U.S. states as regulations permit.

Elon Musk’s Father Launches ‘Musk It’ Meme Coin With $200 Million Fundraising Goal

Errol Musk, father of billionaire entrepreneur Elon Musk, has announced plans to launch a meme coin named “Musk It,” aiming to raise between $150 million and $200 million. The coin's proceeds will support the newly established Musk Institute, a for-profit think tank focused on scientific innovation. Errol Musk and his business partner, Nathan Browne, claim the coin is independent of Elon Musk's involvement.

ChainGPT Announces Launchdrops Feature for Simple, Fair Token Distribution

ChainGPT, a blockchain-based gaming platform, has announced a new feature called Launch