Kraken

Kraken has announced kHYPE, an ERC-20 token it says is backed 1:1 by HYPE held in Kraken custody and is available for decentralized applications on Ink.
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A US District Judge ruled that the SEC lawsuit against Kraken will proceed, denying the crypto exchange motion to dismiss. The SEC alleges Kraken offered unregistered securities, including Solana and Cardano, as investment contracts.
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