Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Jesse Powell
Ex-Kraken Chief Calls Out Sam Bankman-Fried for “Sociopathic” Behavior
Former Kraken CEO Jesse Powell is indignant over FTX CEO Sam Bankman-Fried (SBF)’s behavior preceding the fallout of the latter’s company. In a Twitter thread on Thursday, Powell blasted the young billionaire for recklessly tarnishing the crypto industry’s reputation. Powell Calls Out SBF The Kraken co-founder, known as a long-time crypto veteran and believer, called this week’s events a “massive setback” for the industry. Noting that the crypto industry is the frequent target of con artists, he said the community…
3 years ago
Kraken CEO Jesse Powell to Step Down
Kraken co-founder CEO Jesse Powell is set to exit his position as CEO of the major exchange platform. Amid speculation that various controversies have prompted the move, Powell claims this decision has been in talks for over a year. Powell Is Not Leaving Kraken Entirely The avid crypto advocate shared that he plans to remain active within the crypto platform. Powell will step into a new role as the company’s first chairman of the board. He reportedly intends to shift…
3 years ago