2025-04-19 Market Watch: Ponzi scheme leaders jailed, Kraken adds FX futures

Here is what happened yesterday in the crypto market:

Brazilian Crypto Ponzi Scheme Masterminds Get Over 170 Years

A Brazilian court sentenced three executives from Braiscompany to a combined 171 years in prison for running a $190 million crypto Ponzi scheme, marking a significant crackdown on crypto fraud.
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Kraken Launches FX Perpetual Futures for 24/7 Forex Trading

Kraken has expanded its offerings by launching FX perpetual futures, allowing for round-the-clock trading in major forex pairs, thus entering traditional financial markets.
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HashKey Capital Introduces Asian XRP Tracker Fund with Ripple’s Backing

HashKey Capital has announced the creation of an XRP tracking fund in Asia, supported by Ripple, aiming to provide investors with exposure to XRP’s performance.
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Canary Capital Files for a Staked TRX ETF

Canary Capital has filed with the SEC to launch an exchange-traded fund (ETF) tracking the price of Tron’s native token, TRX, offering potential staking rewards.
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Oregon Eyes Lawsuit Against Coinbase

Oregon’s Attorney General is planning a lawsuit against Coinbase, alleging the exchange sold unregistered securities, despite the SEC dropping its federal case.
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