WAO ART

Kraken Custody expands its services to the UK and Australia. The custody services support Bitcoin, Ethereum, and USDC. Kraken Financial will manage the custody services in the UK and Australia. Kraken is considering raising over $100 million in funding and potentially launching an IPO.

Solana has experienced a 20% surge in just one week, exciting traders. Analysts have identified a pennant pattern on SOL's 1-day chart, suggesting a potential price breakout. The need for close monitoring was emphasized, as a potential price increase may occur if the pennant breaks up.

IMF warns Zambia against dedollarization plan. IMF representative says dedollarization may undermine efforts to contain inflation. Zambia lacks the economic conditions necessary for successful dedollarization. Bank of Zambia proposes penalties for businesses demanding US dollars for local transactions.

Argentina is pressuring Bitcoin investors to declare their crypto assets or face penalties. This move is influenced by international pressure, particularly from the Financial Action Task Force (FATF), to combat money laundering.

Telegram CEO Pavel Durov announces major blockchain and Web3 initiatives. Telegram is launching a mini app store and in-app browser to support Web3 pages. Durov predicts that by 2024, hundreds of millions of people will embrace blockchain technology.

US spot Bitcoin ETF products have seen over $17 billion in net flows this year. This is a significant milestone for the products, which have only been on the market for six months. BlackRock's IBIT and Fidelity's FBTC are leading the pack in terms of trading volumes and inflows.

Indian crypto exchange Wazirx is preparing a bounty program to recover the $230M stolen in a security breach. The exchange is engaging with expert teams to trace the stolen funds and collaborating with other exchanges for support. Wazirx has filed a police complaint and is taking legal actions against the breach.