← The Polylog Crypto Intelligence Brief
Morning Edition · Wednesday, July 8, 2026
Kraken Wins $22 Million Award Against Former Auditor and Pursues a European Bank License
Co-chief executive Arjun Sethi tied the auditor's abrupt resignation to a debanking campaign he called Operation Chokepoint 2.0, as the exchange seeks a banking charter in Lithuania.
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Crypto Exchanges Seek Bank Charters to Escape Debanking
Facing the risk of losing outside banking access, large crypto firms increasingly acquire banking licenses themselves, dissolving the line between exchange and regulated bank.
More from this edition
- Base Settled About $565 Billion in Stablecoins in June, Challenging Ethereum's Grip on Crypto Payments
- US Securities Regulator Plans a "Reg Crypto" Rule as Soon as This Month to Ease Token Fundraising
- Privacy-Focused Layer-2 Networks Reframe Confidential Execution as an Institutional Requirement
- SpaceX Joins the Nasdaq-100, Bringing Passive Bitcoin Exposure and Powering Record Tokenized-Equity Volume
- SummerFi Lending Vault Loses About $6 Million to a Net-Asset-Value Inflation Exploit
- Bitcoin Trades Lower as United States and Iran Strikes Lift Oil, With Fed Minutes the Next Test
- Solana's Real-World-Asset Transfer Volume More Than Doubled in a Month, Reaching $8.7 Billion
- New Hampshire Weighs a $100 Million Bitcoin-Backed Bond as the Federal Reserve Plan Stalls
- Russia's Legal Crypto On-Ramp Is Set to Launch With a State-Owned Bank Holding the Keys
- Hoskinson Calls the Extended UTXO Model Smart Contracts' Biggest Innovation and Says Ethereum Is Copying It
- Polymarket Turns On Instant Bitcoin Deposits Over the Lightning Network Using Spark