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Fireblocks users can now earn yield on their BTC holdings via BOB's network

NEW YORK (Reuters) -Kraken, one of the world's largest cryptocurrency exchanges, said on Monday the U.S. Securities and Exchange Commission agreed in principle to dismiss a civil lawsuit accusing it of operating illegally as an unregistered securities exchange. In a statement on its blog, Kraken called the dismissal a turning point for cryptocurrency that ended a "wasteful, politically motivated campaign" begun during the Biden administration, and which stifled innovation and investment. Kraken said the dismissal includes no admission of wrongdoing, no penalties, and no changes to its business.

President Trump's social media post on a crypto reserve sent markets soaring, but raised questions.

Extreme sentiment suggests a potential market bottom, President Trump announces a crypto strategic reserve, and Tesla is renewed as a "Top Pick" at Morgan Stanley.

Just last week, Bitcoin was deep in the red, sinking below $80,000. But in a dramatic turnaround, the leading cryptocurrency has surged over $14,000, thanks in large part to President Donald Trump. Over the weekend, Trump announced plans to create a strategic crypto reserve, shifting gears from his earlier promise to stockpile Bitcoin.

Tether will conduct a full audit in a bid to leave behind a somewhat checkered past with U.S. regulators as the Trump administration courts the crypto industry.

The Michael Saylor-led company holds just shy of half a million BTC tokens.