Kraken to acquire Backed Finance to bolster tokenization strategy

Canary Capital has launched the HBAR ETF on Vanguard's platform, allowing investors to access Hedera's cryptocurrency through their brokerage accounts. This move marks a significant step in making cryptocurrency investments more accessible to a broader audience.

BlackRock has transferred 1,633 Bitcoin to Coinbase Prime, underscoring the evolving landscape of institutional cryptocurrency management amid a competitive environment for exchange-traded funds (ETFs). This transfer reflects BlackRock's ongoing engagement with digital assets as part of its investment strategy.

Kalshi has successfully raised $1 billion in its latest funding round, resulting in a valuation of $11 billion. This significant financial boost positions Kalshi as a leading player in the prediction market sector, regulated by the Commodities Futures Trading Commission.

The US Securities and Exchange Commission (SEC) is set to introduce an innovation exemption for cryptocurrency firms in January, a move that could significantly boost the adoption of crypto technologies in the United States. This exemption aims to streamline regulatory processes for innovative blockchain projects, potentially positioning the US as a leader in the global crypto landscape.

Bank of America has recommended that investors allocate up to 4% of their wealth portfolios to cryptocurrencies, indicating a significant shift towards institutional acceptance of digital assets. This recommendation reflects a growing recognition of cryptocurrencies as a viable investment option within traditional wealth management strategies.

An Ethereum ICO participant has sold 23,000 ETH within a week, a move that may indicate shifting market confidence and could influence Ethereum's price stability and investor sentiment. This significant sale follows a period of heightened trading activity in the cryptocurrency market.

Canary Capital has announced that its XRP exchange-traded fund (ETF) has surpassed the combined performance of all other XRP ETFs, marking a significant milestone in the cryptocurrency market. This claim highlights the growing influence of Canary Capital in the sector and its potential to shape investment strategies moving forward.

Bitcoin's price has fallen below $89,000, resulting in over $200 million in long liquidations within the past hour, highlighting the extreme volatility of the cryptocurrency market. This decline follows a broader trend where Bitcoin has lost nearly 25% of its value in November, contributing to significant market instability.