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Bitcoin is approaching Easter at oversold levels as negative funding rates persist. K33 Research Head Vetle Lunde warns that crowded short positioning similar to this often precedes market reversals, though rising Middle East tensions could disrupt the usual quiet Easter trading period.
Representative Maxine Waters is pressing the Federal Reserve Bank of Kansas City for transparency on conditions, anti-money laundering measures, and consumer protections tied to Kraken Financial's master account. The House Financial Services Committee ranking Democrat set an April 10 deadline for Kansas City Fed President Jeff Schmid to respond.
Mark Cuban believes crypto and fintech are positioned to reinvent legacy banking workflows faster than traditional financial institutions expect. The billionaire entrepreneur argues that blockchain's automated reconciliation beats the undocumented knowledge employees guard at legacy banks.
Mastercard walked away from a ₱116.94 billion ($2 billion) acquisition offer for Zerohash earlier this year and is now discussing a strategic investment instead. The Chicago-based digital asset infrastructure firm has filed for a U.S. national trust bank charter with the Office of the Comptroller of the Currency.
Kraken Financial, Wyoming's first bank to gain Federal Reserve master account approval, can now settle dollars directly inside the Fed system. The one-year account comes with strict limits: a ₱29.23 billion ($500 million) overnight balance cap, no discount window access, and blocked FedACH services.