Category: crypto

Core Scientific secured a $500 million loan from Morgan Stanley, with the option to increase it to $1 billion. The funds will be used for real estate, development costs, and new energy contracts as the company shifts focus to AI workloads. This financing reflects Wall Street’s interest in bitcoin miners’ infrastructure and power assets.

Revolut, a prominent European fintech valued at $75 billion, has applied for a US banking license with the OCC. This move would allow the company access to core payment systems and offer a broader range of financial products in the US market. The application signals Revolut’s strategic focus on growth in the US, positioning it…

Russia is fast-tracking a law specifically for stablecoins to create a payment infrastructure resistant to sanctions. The Central Bank of Russia treats stablecoins as “foreign digital rights,” with ruble-pegged stablecoins approved for overseas trade. The Ministry of Finance is preparing a separate bill to regulate stablecoins pegged to fiat currencies. Policymakers see stablecoins as strategic…

Mantle’s ecosystem stablecoin has increased in market value by 375 million dollars in the past month, reaching nearly 870 million. This growth is driven by the network’s focus on on-chain liquidity and banking services built around ETH staking and restaking primitives, making it a key player in the DeFi space.

Ethereum derivatives markets experienced a significant decrease in total open interest, dropping by 5.62% to $27.119 billion in the past day. Binance leads in ETH open interest with $5.74 billion, followed by Gate, Bybit, and OKX. ETH is trading around $2,067, down 3.65%, as leverage resets.

Kraken-backed xStocks has launched xChange, an on-chain trading engine for tokenized stocks that connects traditional equity liquidity with decentralized finance infrastructure. Users can trade over 70 tokenized equities across Ethereum and Solana, with real-world pricing and atomic settlement. The platform has seen significant transaction and trading volume, with 80,000 holders interacting with the ecosystem.

OpenAI integrates ChatGPT into financial tools like FactSet, Third Bridge, Excel, and Google Sheets for easier use in the crypto market. This move aims to make AI a core infrastructure in traditional and digital asset financial workflows. It allows professionals to automate strategies and treat crypto as a standard asset class.

RedStone launched a price oracle on Stellar to enhance DeFi and tokenization. Following a $10m oracle vulnerability exploit, the move aims to provide secure market data for lending and trading. The integration offers flexible price data delivery options for developers, signaling Stellar’s evolution into a tokenized asset environment with a focus on programmable finance.

High-speed algorithmic trading in the forex market is crucial for competitive execution due to rapid price movements. Automated forex robots make decisions instantly based on predefined criteria, eliminating human error and emotional bias. Speed is essential in the volatile forex market, where delays can result in missed opportunities.

Zerohash is seeking a United States national trust bank charter to operate as a federally regulated trust bank. The company plans to expand its services under the GENIUS Act framework. This license has become highly sought-after by crypto companies since the act was passed in July. The OCC has issued conditional licenses to multiple applicants.