Kraken Breaks Into the Fed

Kraken secures access to Fed’s core payment systems

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Max Gonzalez, Litquidity Capital & Gannon Breslin
March 05, 2026

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Good Morning,

Here's a quick preview of today’s content: South Korean cop sentenced to six years for crypto bribes, Trump sends pro-Bitcoin Fed nomination to Senate, Canada's Scotiabank launches multi-crypto ETF, Eric Trump calls banks 'anti-American' over stablecoin fight, White House crypto advisor counters Jamie Dimon's yield logic, and so much more

Happy Thursday - Let’s dive in.

Market Snapshot

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  • Bitcoin surges above $73,000 as crypto market rallies sharply with $1.5B in ETF inflows over five days

    • DOGE pumps, reversing recent losing streak, while Coinbase and Strategy lead crypto stocks higher

    • SOL stablecoin volume hits record $650B, though ETH and SOL slide as Asian equities hit multi-year lows

    • Total market cap climbs +6% to $2.54T as demand rises and global markets rebound

  • Crypto treasury inflows slow to lowest since October 2024 despite Bitcoin building resilience to geopolitical turmoil

Prediction Markets

  • Bettors on Polymarket are predicting SBF released from custody in 2026?

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Headline Roundup
The major headlines driving crypto markets

  • Kraken secures access to Fed’s core payment systems (DC)

  • Google's Gemini AI pushes Florida man to suicide (DC)

  • Iran’s $7.8B crypto market draws fresh attention in war (BBG)

  • Eric Trump calls banks 'anti-American' over stablecoin fight (CD)

  • Brian Armstrong meets with Trump before slamming banks over crypto bill (CD)

  • MrBeast editor fired following Kalshi insider trading (DC)

  • White House crypto advisor counters Jamie Dimon's yield logic (TB)

  • Trump sends pro-Bitcoin Fed nomination to Senate (CT)

  • Taiwan indicts 62 over laundering $339M from crypto scam compounds (DC)

  • Ray Dalio says 'there is only one gold' (CD)

  • Morgan Stanley picks Coinbase and BNY for Bitcoin ETF (DC)

  • Polymarket pulls nuclear detonation market following backlash (DC)

  • Strategy’s stock signals 1,000 BTC purchase (CD)

  • StanChart appoints former JPMorgan exec to lead payments (BBG)

  • Vitalik Buterin urges Ether to broaden its mission beyond finance (DC)

  • Cathie Wood's Ark buys the dip on Coinbase and Robinhood (DC)

  • Backpack taps Superstate for IPO tokenization offering (TB)

  • Infrastructure firms warn tokenized securities face higher costs (CD)

  • Standard Chartered named custodian for TP ICAP (BM)

  • Western Union teams with Crossmint to support stablecoin (CT)

  • Ex-Binance lead joins stablecoin specialist KAST (CD)

  • Bitwise donates $233K of ETF profits to BTC developers (DC)

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Venture Capital

  • Andreessen Horowitz’s A16z looks to raise $2B for its fifth crypto fund (TB)

  • Sleep tech startup Eight Sleep raises $50M strategic round at $1.5B valuation led by Tether Investments (TC)

  • Crossover Markets, an institutional crypto operator, raises $31M Series B led by Tradeweb (PR)

  • Stablecoin infrastructure startup Cyclops raises $8M strategic round from Castle Island Ventures, F-Prime, and Shift4 Payments (PR)

  • Stablecoin payments startup Oxus Finance raises $2.4M funding round led by Echo3 Participações (FW)

Access the complete VC deal flow on Fundable.

Launches

  • Canada's Scotiabank launches multi-crypto ETF (CT)

  • Sui joins stablecoin race with mainnet launch (TB)

  • DTCC releases its latest blockchain-focused white paper (TB)

  • MEXC expands tokenized stock offerings with new listings (CT)

  • RedStone launches Stellar price feeds (CT)

Regulation

  • Banking groups slam Kraken’s Fed approval as dangerous (DC)

  • Coinbase urges UK to drop Bank of England stablecoin caps (TB)

  • Zerohash seeks national trust bank charter from OCC (TB)

  • Crypto PAC marks first wins in congressional primaries (CD)

  • South Korea settles on 20% ownership cap for exchanges (TB)

Cybersecurity

  • South Korean cop sentenced to six years for crypto bribes (DC)

  • iPhone hacking kit used by spies in crypto scam (DC)

  • FATF flags AML risks from stablecoin transfers (TB)

Extra Reads

Chart of the Day

Sharks are buying Bitcoin at the fastest pace ever recorded

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*DISCLAIMER: Investment advice provided by Autopilot advisers LLC, an SEC registered investment advisor. Past performance does not guarantee future results. Investing carries risks including the risk of the loss of principal. Performance doesn’t include fees. See more here.