This week's Crypto Biz newsletter delves into the latest developments in the cryptocurrency and blockchain space, including Kraken's denial of plans to delist stablecoins in Europe, the growing demand for crypto custody services, and significant personnel changes at Grayscale Investments.

Kraken, a prominent cryptocurrency exchange, has clarified that it has "no plans" to delist Tether (USDT) in Europe, contrary to recent reports. Mark Greenberg, Kraken's global head of asset growth and management, emphasized that the firm will continue to follow all legal requirements, despite any disagreements, and aims to offer all relevant stablecoins to its European customers. This announcement comes as a relief to users and investors who were concerned about the potential delisting of USDT, a widely used stablecoin.

The crypto custody market is experiencing significant growth, with companies like Taurus and Fireblocks expanding their services to meet the increasing demand from institutional investors. According to Ripple, the institutional crypto custody market could reach nearly $10 trillion by 2030, highlighting the vast potential for growth in this sector. Coinbase has also appointed Kendrick Meek, a former representative for Florida's 17th congressional district, to its digital asset regulatory council, underscoring the importance of regulatory compliance in the industry.

Prometheum, a digital asset trading and custody firm, has launched an Ether custody service that treats Ether as a security. This move has drawn attention from the crypto community, with some criticizing the decision. However, Prometheum's co-founder and co-CEO, Aaron Kaplan, has defended the move, stating that it aligns with the company's commitment to regulatory compliance and investor protection.

Grayscale Investments, a leading digital asset manager, has announced the departure of its CEO, Michael Sonnenshein, who will be replaced by Peter Mintzberg, a former Goldman Sachs executive. Sonnenshein's departure comes after a decade of leadership at Grayscale, during which he played a crucial role in introducing crypto funds to institutional investors.

In other news, has won its appeal against the suspension of its money services business license in Florida, allowing it to continue operating in the state. This decision comes as a relief to the over 170,000 account holders in Florida who would have faced significant financial losses and tax liabilities if the suspension had been upheld.

The Crypto Biz newsletter provides a comprehensive overview of the latest developments in the cryptocurrency and blockchain space, covering business, regulation, and innovation. Stay informed about the rapidly evolving landscape of digital assets and blockchain technology, and discover how these changes impact investors, users, and the industry as a whole.

As the crypto space continues to grow and mature, it's essential to stay up-to-date on the latest news and trends. From regulatory changes to innovative new products and services, Crypto Biz keeps you informed and ahead of the curve. Whether you're an institutional investor, a retail trader, or simply a crypto enthusiast, this newsletter provides valuable insights and analysis to help you navigate the complex and dynamic world of cryptocurrency and blockchain.

This week's Crypto Biz newsletter highlights the ongoing growth and development of the cryptocurrency and blockchain space. From Kraken's denial of USDT delisting to the expansion of crypto custody services and significant personnel changes at Grayscale Investments, there's no shortage of exciting news and developments to explore. Stay tuned for further updates and insights from the world of crypto and blockchain.