Bitcoin (BTC-USD) reclaimed the $71,000 level Wednesday morning after days of selling pressure tied to the U.S.-Israeli strikes on Iran. Crypto-linked equities were surging in pre-market trading, with Strategy Lookonchain. Underpinning the rally: a landmark Federal Reserve decision on Kraken, a presidential broadside against the banking lobby, and a continued stampede by former miners into AI infrastructure, all reshaping the investable crypto landscape in real time. Stay up on the crypto news that matters with Crypto Currents, daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.

KRAKEN BECOMES FIRST CRYPTO BANK WITH FEDERAL RESERVE…