Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

A win for fairness

Today marks a pivotal moment for Kraken. The SEC staff has agreed in principle to dismiss its lawsuit against Kraken with prejudice, with no admission of wrongdoing, no penalties paid and no changes to our business. The SEC’s decision to dismiss its lawsuit against us (and many others) is more than just a legal victory — it’s a turning point for the future of crypto in the U.S. It ends a wasteful, politically motivated campaign, lifts uncertainty that stifled innovation and investment, and clears the path toward a stable, forward-thinking regulatory regime. We appreciate the new leadership both at the White House and the Commission that led to this change. Their bold and thoughtful leadership will lead to a new era of U.S. crypto innovation. The end of a politically motivated campaign Since our inception, Kraken has operated with integrity and dedication to doing the right thing. The SEC’s lawsuit, which mischaracterized our consistent business model, was always without merit. This dismissal confirms what we’ve said all along : Regulatory actions must be based on facts, not political agendas. This case was never about protecting investors — it and other enforcement actions clouded instead of clarified. It undermined a nascent industry that repeatedly urged clear rules of the road. Instead of engaging in that hard but necessary work, prior leadership at the SEC and throughout the government took a regulation-by-enforcement approach that stifled progress and disadvantaged the U.S. against other countries who fostered innovation through fair and transparent digital asset regulatory regimes. Ready to unleash innovation and investment This dismissal lifts that cloud of uncertainty. It reaffirms that businesses like Kraken, which prioritize compliance and consumer protection, should not be subject to arbitrary legal battles. A stable, predictable regulatory framework will encourage responsible growth, attract investment and ensure the U.S. remains competitive in the global digital asset economy. Strengthening economic opportunity for Americans Crypto is more than just technology — it’s a pathway to financial empowerment. Millions of Americans rely on Kraken to access digital assets and take control of their financial journeys. Regulatory overreach doesn’t just harm businesses; it limits opportunities for everyday people looking for alternative financial tools. Today’s decision is a step toward a more inclusive financial system — one where individuals, not government overreach, shape their own economic futures. By embracing crypto innovation, the U.S. can unlock new avenues for economic prosperity and financial freedom. Charting a path toward clearer regulations While today’s decision is a major victory, it also serves as a call to action for clearer, more forward-thinking regulatory policies . Kraken remains committed to working alongside policymakers and regulators to establish guidelines that protect consumers while fostering technological progress. We are pleased that leadership in Congress and Commissioner Peirce’s Crypto Task Force are taking up this difficult, mandatory work to put in place real, forward-thinking legislation and regulation. These steps will ensure that we never return to regulation by enforcement. On with the mission: Accelerating the adoption of crypto As we close this chapter, Kraken reaffirms its commitment to pioneering a future where innovation and responsible regulation go hand in hand. We will continue to engage with industry stakeholders and regulatory bodies to promote clarity, fairness and progress in digital finance, while continuing to protect the right to freedom and privacy on behalf of our clients. Our journey is far from over. The path ahead is one of continued innovation, strategic collaboration and unwavering dedication to building a more inclusive financial future. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here . The post A win for fairness appeared first on Kraken Blog . CoinDesk

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Bybit Unleashes Futures Bot Clash with a 100,000 USDT Prize Pool

Dubai, UAE, March 3rd, 2025, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is launching the Futures Bot Clash – a high-stakes showdown where strategy meets automation. With a prize pool of up to 100,000 USDT, participants will battle it out using Bybit’s powerful Futures trading bots, aiming for the top of the leaderboard. The Battle of the Bots Begins Set to run from Feb. 28 to March 31, 2025 , the competition offers traders a chance to put their bot strategies to the test in a contest of skill and precision. Participants will join one of three Futures Bot Squads – Futures Combo, Futures Martingale, or Futures Grid – and compete across multiple leaderboards to maximize their earnings. The event features two squad leaderboards and one individual leaderboard , with top traders rewarded based on performance. Additionally, traders can participate in the Predict & Win segment, where 1,000 lucky voters will share in a portion of the 5% Prediction Pool by correctly forecasting the winning squad. Prize Pool Breakdown The 100,000 USDT prize pool will be distributed among different categories: Squad Rankings (70%) – The best-performing squad claims 40% of the total pool, with 20% and 10% allocated to the second and third place, respectively. Top Traders by Volume (25%) – The most active traders will receive a share of the rewards based on their trading volume. Predict & Win (5%) – Traders who correctly predict the champion squad will split this portion of the prize pool. To be eligible for rewards, participants must meet a minimum Futures trading volume of $10,000 and maintain an account balance of at least 1,000 USDT throughout the competition. Raising the Stakes The total prize pool will scale based on overall trading volume. The minimum pool of 50,000 USDT will be unlocked once the combined trading volume reaches $800 million , increasing to the full 100,000 USDT as milestones up to $1.5 billion are met. “Bybit’s Futures Bot Clash is a game-changer for automated trading enthusiasts. It offers a unique opportunity for users to test their bot strategies in a competitive setting, while also rewarding top traders and smart forecasters,” said Joan Han, Sales and Marketing Director at Bybit . “With the potential to win a share of 100,000 USDT, traders have every reason to bring their A-game.” Bybit continues to innovate in the crypto trading landscape, providing users with cutting-edge tools to optimize their trading strategies. The Futures Bot Clash offers a competitive environment, where the sharpest traders and most effective bots will rise to the top. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Contact Head of PR Tony Au Bybit media@bybit.com CoinDesk