US crypto regulators have been busy this week, with Binance and Kraken facing legal action from the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) respectively. Bitcoin is once again approaching the $38,000 mark, with the potential for further gains if it breaks through. Grayscale has submitted an updated prospectus for a Bitcoin ETF to the SEC. In Argentina, pro-Bitcoin candidate Javier Milei has won the presidential run-off election. Ethereum Layer-2 Blast has generated significant excitement on social media, despite withdrawals being temporarily closed. DeFi aggregator Kinetex has secured funding to enhance its cross-chain trading approach. Kucoin is enabling payments across traditional and crypto networks with its new Kucard. Circle has launched the Bridged USDC Standard, a groundbreaking development for the widely adopted USDC stablecoin. BBVA Switzerland has formed a strategic alliance with Metaco to build its digital asset operations. Silvergate Bank has fully repaid its remaining deposit liabilities. Ripple has announced a partnership with Uphold, a Web3 financial platform. Changpeng Zhao is reportedly stepping down as Binance’s CEO following legal issues. Bittrex Global will suspend all operations and shut down. Apple is facing a class action lawsuit for allegedly abusing its market power. Tether has frozen $225 million worth of stolen USDT. Animoca Brands is expanding its Web3 Frequent Player Program. HTX plans to resume services after a hack. Mastercard and Feedzai are collaborating to identify fraudulent transactions. KyberSwap and Kronos Research have both fallen victim to hacks. The DOJ is seeking over $4 billion from Binance. The SEC has sued Kraken for operating as an unregistered securities exchange.

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Information	Details
Geography	Global
Countries	🇦🇷 🇱🇮 🇺🇸
Sentiment	neutral
Relevance Score	1
People	Sergio Massa, Brian Armstrong, Javier Milei, Changpeng Zhao, Jesse Powell
Companies	Kraken, Javier Milei, SEC, Binance, Grayscale
Currencies	Bitcoin, US Dollar, Ethereum, Tether, XRP
Securities	None