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Crypto exchange Kraken gains historic Fed access; Ethereum outperforms S&P 500 amid market shifts.

Market News
29 Mar 2026
Benzinga
View Source
Bearish
pluang ai news

Kraken became the first cryptocurrency exchange to gain access to Federal Reserve services, allowing it to use Fedwire, a key payment system for U.S. banks. This unprecedented move has sparked questions from lawmakers like Rep. Maxine Waters. Meanwhile, Ethereum has outperformed the S&P 500 during ongoing geopolitical tensions, with experts like Tom Lee advocating crypto as a strong wartime store of value. The crypto market also saw a broad sell-off affecting Coinbase shares, while regulatory developments hint at upcoming approval of crypto perpetual futures to boost U.S. market activity. Market volatility increased following geopolitical warnings, leading to significant liquidations in crypto positions.

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Synapticure launches virtual care program for adults with ataxias, improving access to expert neurological care nationwide.

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