596:Kraken & IRS::Revout Delisting ADA, MATIC, SOL::Bitcoin Depot

Overnighters,

Episode 596:
Kraken Ordered to Turn Over Customer Info
Bitcoin Depot to Go Public
Revolut to Delist ADA, MATIC, SOL
and More

The TL;DL

Kraken Ordered to Turn Over Customer Info – A federal court orders Kraken to provide the IRS with account and transaction details. This is part of a broader U.S. crackdown on cryptocurrency, aiming to identify accounts with significant annual crypto trading.

Bitcoin Depot to go Public – Bitcoin Depot, a leading cryptocurrency ATM firm in the U.S., finalizes a merger deal allowing it to go public. Despite regulatory scrutiny, this merger signals a future where digital currencies integrate into mainstream finance.

Revolut to Delist ADA, MATIC, SOL – Revolut suspends the purchase of Cardano, Polygon, and Solana for its U.S. customers due to ongoing changes in cryptocurrency regulations. Users can still hold and sell these tokens until mid-September.

SK’s Delio under Investigation – Delio, a leading crypto lending firm in South Korea, is under investigation for allegations of fraud, embezzlement, and breach of trust. This story underscores the importance of trust and transparency in the crypto industry.

ENS L2 Expansion – The Ethereum Name Service announces plans for expanding to Layer 2 to improve scalability and reduce costs. This move aims to make domain name registrations and transactions more accessible to a broader user base.

L2 Base Preps for Mainnet Launch – Base, a Layer 2 network developed by Coinbase, is preparing for its mainnet launch. This development highlights ongoing efforts to enhance the security and scalability of blockchain networks.

Crypto Overnighter Podcast (7/1/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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