Cryptocurrency News & Market Updates

Setting the record straight
Setting the record straight

TL;DR

  • Payward, Kraken’s parent company, asked the Delaware Court of Chancery to enter final judgment against Mazars USA after winning a $22 million arbitration award. Kraken sued Mazars after it withdrew from Kraken’s nearly completed 2022 audit.

  • Mazars’ resignation was part of a broader campaign of regulatory pressure and institutional pressure against lawful crypto companies, crypto founders, developers, and customers.

  • Kraken’s fight is part of the industry’s larger purpose: financial freedom, self-custody, open markets and the right to build without permission.

  • With the machinery of informal pressure being dismantled, Congress must finish the job by passing the CLARITY Act and creating durable digital asset market structure rules in the United States.

By Arjun Sethi, Cofounder and Chairman, Tribe Capital; Co-CEO, Payward, the parent company of Kraken.

Jul 7, 202610 min read


HTX Research Quarterly Strategy 2026 Q3 | Liquidity Defines Crypto: A New Crypto Order Under Global Liquidity Repricing
HTX Research Quarterly Strategy 2026 Q3 | Liquidity Defines Crypto: A New Crypto Order Under Global Liquidity Repricing

Investment Memo Q2 in One Sentence

Q2 was not the end of the crypto cycle. It was a concentrated repricing of global liquidity, institutional allocation logic, and on-chain value capture.

Price correction was only the surface. What changed underneath was the cost of capital, dollar liquidity, regulatory expectations, and market risk appetite. BTC’s Q2 drawdown did not invalidate the long-term allocation case. It reconfirmed that when ETF flows turn negative, corporate treasury demand slows, derivatives leverage is flushed out, and the dollar and real yields rise together, crypto assets still obey the global liquidity cycle first.

Jul 2, 202638 min read

Change Log: Version 1.134
Change Log: Version 1.134

Jul 1, 20262 min read