Category: crypto

Kraken’s parent company, Payward, has filed for a Payward charter with the OCC to establish a federally regulated national trust company called Payward National Trust Company focused on digital asset custody. This filing, along with Kraken’s existing Wyoming SPDI, is part of Payward’s regulated banking strategy to provide bank-level custody to institutional clients.

Corpay partnered with BVNK to offer stablecoin wallets to its 800,000 business clients. Clients can hold, send, receive, and convert stablecoins alongside fiat balances on Corpay’s platform. This integration aims to provide faster liquidity and reduce reliance on pre-funded accounts. BVNK is known for helping payment companies add stablecoin rails.

Boundary Labs, backed by Galaxy Ventures, is set to launch USBD, an Ethereum stablecoin with continuous on-chain verification and a separate sUSBD token for institutional risk-takers. The stablecoin will provide real-time transparency into reserves and net asset value, targeting asset managers, hedge funds, and family offices with a non-yielding settlement dollar.

IREN has signed a $3.4 billion deal with Nvidia to deploy 5 gigawatts of AI infrastructure over five years. The agreement includes providing managed GPU cloud services to Nvidia and granting the chipmaker a five-year warrant to purchase up to 30 million IREN shares. This partnership follows IREN’s previous $9.7 billion deal with Microsoft, bringing…

American Bitcoin reduced its cost to mine one bitcoin by 23% to $36,200 in Q1 2026, achieving a gross margin of over 50%. The company’s strategic focus on low-cost production and scale has allowed it to increase its bitcoin holdings, in contrast to other miners shifting towards AI infrastructure.

Morgan Stanley launched a crypto trading pilot on E*Trade at 50 basis points per trade, undercutting competitors like Coinbase and Schwab. The move aims to keep its 8.6 million clients within its ecosystem. Bloomberg analyst Eric Balchunas warned that crypto exchanges should be concerned about the fee race that may follow.

Demand for crypto compliance is increasing as sophisticated AI fraud attacks on firms surge. Only 23% of companies are ready for new regulations. Illicit crypto reached $154 billion in 2025, up 162%. Chainalysis launched blockchain intelligence agents to help compliance teams manage alerts. Compliance teams are facing pressure to respond to evolving fraud tactics.

Ronin Ethereum will migrate to an Ethereum Layer 2 on May 12 with approximately 10 hours of scheduled downtime. The migration will involve a hard fork at block 55,577,490, transitioning Ronin from an independent sidechain to an Ethereum Layer 2 on the OP Stack. Token inflation will decrease, and marketplace fees will rise as part…

Bitmine Immersion Technologies slowed down its purchases of Ethereum after acquiring over 5.2 million tokens, which is 4.3% of Ethereum’s total supply. Chairman Tom Lee said the previous pace would have reached their 5% target by mid-July. Bitmine holds over 4.7 million ETH staked, generating an estimated $319 million in staking rewards annually.

Galaxy Digital believes that seven Democratic senators on the Senate Banking Committee will influence the fate of the CLARITY Act during its scheduled markup on May 14. The bill needs bipartisan support and addresses issues such as stablecoin rewards, banking pressure, and AML safeguards. Democrats seek stronger safeguards in the bill.