The Daily: FBI arrests SEC hacker behind fake Bitcoin ETFs approval post, Kraken enters the wrapped bitcoin game and more
2024-10-18

Happy Thursday! In today's Daily, Kraken becomes the latest crypto firm to roll out its own wrapped bitcoin token, the FBI arrests an Alabama man connected with the pre-spot Bitcoin ETF approval SEC social media hack, former FTX exec Nishad Singh argues for no jail time and more.
Plus, Polymarket betting volume on the U.S. presidential election winner has now crossed $2 billion as Donald Trump takes a 25% lead over Kamala Harris on the decentralized predictions platform.
Meanwhile, crypto pundits decried Trump-backed World Liberty Financial's lackluster sales, calling it "a meme masquerading as a utility project."
Let's get started.
Kraken rolls out wrapped bitcoin alternative kBTC on Ethereum and OP Mainnet
Crypto exchange Kraken has launched its own version of wrapped bitcoin, kBTC, on Ethereum and OP Mainnet amid an increasingly competitive lineup of WBTC alternatives.
FBI arrests Alabama man behind SEC social media hack and phony spot Bitcoin ETF post
The FBI arrested Eric Council Jr., 25, on Thursday over his involvement in hacking the Security and Exchange Commission's social media account and posting a false announcement regarding spot Bitcoin ETFs.
Former FTX exec Nishad Singh argues for no jail time
Lawyers for Nishad Singh, FTX's former engineering director, argued he should not serve jail time in a Wednesday filing, citing his limited role in the crypto exchange's collapse and his cooperation with authorities.
Vitalik Buterin outlines ambitious 100,000 TPS goal for Ethereum
Ethereum co-founder Vitalik Buterin set an ambitious goal of 100,000 transactions per second across Layer 1 and Layer 2 networks as part of the next stage of the blockchain's rollup-centric scaling roadmap.
Hamster Kombat founders tout 'high trading volume,' expansion plans and the game's next season amid token price decline
Hamster Kombat's founders remain optimistic despite a significant decline in the value of the HMSTR token following last month's airdrop on TON blockchain, touting "high trading volume" and expansion plans for the Telegram-based tap-to-earn game as it gears up for a new season.
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