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Kraken requests dismissal of SEC lawsuit / Reddit converts its excess cash into crypto / EU's crypto oversight authority to be located in Frankfurt [EN]
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Kraken seeks to dismiss an SEC lawsuit over jurisdiction issues, Avalanche's AVAX price drops following a network outage, Reddit invests in cryptocurrencies ahead of its IPO, FTX plans to sell its stake in AI firm Anthropic to boost cash reserves, the EU selects Frankfurt for its Anti-Money Laundering Authority headquarters, and Swiss researchers find blockchain outperforms other tech sectors in startup investment returns.
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