CroSat
blockchainOct 15, 2026AI summary

Firelight Adds $30.5M in Cover for Kraken USDC Vault

Edited by Steinar Vigdel Kolnes, Editor, Oslo

Firelight has added $30.5 million in cover for Kraken's USDC vault, with a $100,000 limit per address for each coverage period.

Firelight Adds $30.5M in Cover for Kraken USDC Vault

Firelight has added $30.5 million in cover for Kraken's USDC vault, according to The Defiant.

Coverage for depositors is capped at $100,000 per address during each coverage period. The limit applies separately from the total cover announced for the vault.

Sentora handles payouts under the arrangement. Kraken does not guarantee those payments, a distinction for depositors assessing the coverage.

Source: The Defiant

Related stories

Base-Based IPX Raises $4M Seed Round at $125M Valuation
blockchainOct 15, 2026

Base-Based IPX Raises $4M Seed Round at $125M Valuation

IPX, a platform for tokenized intellectual property built on Base, has raised $4 million in seed funding at a $125 million valuation, The Defiant reported.

Ripple Prime Adds Traditional-Asset Perps Tied to Trade.xyz: Report
blockchainOct 15, 2026

Ripple Prime Adds Traditional-Asset Perps Tied to Trade.xyz: Report

Ripple Prime has reportedly introduced traditional-asset perpetuals linked to Trade.xyz, extending its existing Hyperliquid access for institutions.

Russia Bars Self-Custody Withdrawals From Regulated Crypto Accounts
blockchainOct 15, 2026

Russia Bars Self-Custody Withdrawals From Regulated Crypto Accounts

Russia is restricting withdrawals to self-custody wallets, with a separate rule requiring intermediaries for direct crypto trades set to take effect in July 2027.

Schwab Completes Retail Bitcoin and Ether Launch, Starts Crypto Transfers
blockchainOct 15, 2026

Schwab Completes Retail Bitcoin and Ether Launch, Starts Crypto Transfers

Schwab has completed its retail rollout of Bitcoin and Ether and begun crypto transfers, with Solana, Avalanche and Chainlink planned by year-end.