NEED TO KNOW:
- Kraken's Quarterly Revenue Jumped 19% in Q1. Kraken's Q1 2025 revenue surged 19%, boosted by trading volume growth, a strategic acquisition of NinjaTrader, and a commitment to Proof of Reserves.
- Tether’s U.S. Stablecoin Could Launch Later This Year. Tether has plans to launch a stablecoin specifically designed for use by American institutions, though it's contingent on stablecoin legislation being finalized.
- Movement Labs Suspends Co-Founder Amid Token Dumping Scandal. The startup placed Rushi Manche on suspension 'in light of ongoing events' amid a third party investigation.