News background in the crypto space.

The New York District Court refused to recognize the crypto exchange Coinbase as a broker, but found that the platform was involved in the offering and sale of unregistered securities.

According to Nansen data, the outflow of funds from the KuCoin crypto exchange over the past 24 hours amounted to about $800 million amid new charges from the US Department of Justice. According to media reports, KuCoin is exploring the possibility of selling the business in 2023.

MicroStrategy shares hit an all-time high. MicroStrategy's market capitalization has nearly tripled since the beginning of the year.