Minarul Islam @Minarul_Islam@axpress.io

We have conducted our legal advisory services as usual and have legitimately received the fee for the services.

As reported, Montenegro's Minister of the Interior, Filip Adzic, announced via Twitter last month that an individual suspected of being Do Kwon has been arrested at Podgorica airport.

Subsequently, South Korean police said that the identity of the suspect arrested in Montenegro had been confirmed as Kwon after his fingerprints matched the information held by the country's National Police Agency (KNPA).

Do Kwon is the co-founder and CEO of Singapore-based Terraform Labs, the company behind the crashed stablecoin TerraUSD and cryptocurrency Luna.

Kraken to Unstake Over $1 Billion in ETH After Shapella Upgrade – What Happens Next?

Major crypto exchange Kraken has taken a leading position in the Ethereum (ETH) unstaking queue following the blockchain’s latest Shapella upgrade, with a number of market observers suggesting that the exchange’s dominance of the queue could be triggered by Kraken's recent legal woes.

The Shanghai (Shapella) upgrade marks a significant milestone in Ethereum's development, encompassing changes to the blockchain's execution layer (Shanghai upgrade), consensus layer (Capella upgrade), and the Engine API.

This comprehensive upgrade enables ETH stakers to withdraw their staked crypto along with any accumulated staking rewards.

As of 09:00 a.m. UTC, Kraken accounted for approximately 63.2% of the ETH pending withdrawal, significantly surpassing its major competitors. Coinbase held a 10.8% stake, while Huobi maintained a 5.1% share, according to data from the blockchain analytics platform Nansen.

At that time, nearly 869,000 ETH, valued at over $1.8 billion, was awaiting withdrawal, with Kraken's share exceeding $1 billion.

Kraken reaches agreement with SEC, eyes expansion

It is noteworthy that Kraken’s legal woes and its row with the U.S. regulator, the Securities and Exchange Commission (SEC), were likely to play a role in the latest development.

Last February, the American exchange reached an agreement with the agency under which Kraken agreed to stop offering staking services or programs to customers based in the U.S.

The SEC has accused the platform of failing “to register the offer and sale of their cryptoasset staking-as-a-service program” which the regulator treats as securities.

As part of its deal with the agency, Kraken also agreed to pay some $30 million in disgorgement, prejudgment interest, and civil penalties.

Twitter and eToro Partner for Stock and Crypto Trading as Musk Drives Finance Integration

Twitter and the trading platform eToro have teamed up to allow social media users to buy and sell crypto, stocks and other financial assets.

News about the new partnership was first reported by CNBC on Thursday, with the article saying that Twitter will give its users access to price charts on a broader range of financial assets than before, as well as offer the opportunity to trade the same assets on eToro.

The deal marks the first major deal for Twitter since Tesla chief and Dogecoin fan Elon Musk bought the company, CNBC noted in its report.

eToro also shared the news in a tweet on Thursday, saying that the feature allows users to see information about and trade “a much wider range of stocks, crypto & other assets.