Category: crypto

Kraken has launched an AI-powered investing assistant that delivers personalized portfolio recommendations while requiring user approval for every trade. The platform tailors investment plans based on financial goals and market data, offering a goal-based approach that prioritizes user input. Other exchanges like OKX, Coinbase, and Revolut are also incorporating AI tools into their platforms to…

Backpack has launched 24/7 trading for tokenized U.S. stocks across 150+ countries, offering direct ownership and instant settlement. This allows international investors access to real U.S. equities outside of traditional trading hours. The tokenized equity market has grown to $1.85 billion, with both crypto and traditional firms expanding their offerings.

PayPal USD (PYUSD) is now available on Polygon through the Open Money Stack, allowing businesses to access the regulated stablecoin for payments and settlements. The integration simplifies cross-border payments and local currency payouts, reducing engineering work and operating costs. This follows Mastercard’s support for PYUSD for stablecoin settlements across multiple blockchains.

Robinhood Chain achieved $500 million in daily Uniswap trading volume in just eight days, pushing total value locked over $106 million. Ecosystem growth was accelerated by Pump.fun integration, tokenized stocks, and gas fee waivers. The network attracted institutional liquidity and saw a surge in addresses, positioning it as a top decentralized finance player.

Wells Fargo increased its stake in Strategy while reducing its position in BlackRock’s Bitcoin ETF. The bank also expanded investments in Ethereum, Solana, and various other crypto-related products. They adjusted their holdings in different crypto assets, including reducing stakes in Coinbase and Galaxy Digital while increasing positions in other companies like Bitmine and Robinhood.

MARA Holdings has acquired a 1,200-acre site in Texas for AI and digital infrastructure, boosting shares by over 12%. The company plans to build an AI and computing campus alongside Bitcoin mining operations. The move reflects a trend of Bitcoin miners investing in AI infrastructure to diversify revenue sources.

The Bank of Korea reiterated its support for bank-led issuance of won-backed stablecoins to strengthen South Korea’s digital asset legislation. The central bank also plans to expand deposit-token pilots for public payments and services. Disagreements over stablecoin rules continue to delay the implementation of the Digital Asset Basic Act.

The Hong Kong Securities and Futures Commission has instructed licensed crypto trading platforms and online brokers to replace SMS-based authentication with more secure methods within the next year. This decision comes in response to a significant increase in phishing scams resulting in large financial losses in the cryptocurrency industry.

Kalshi is seeking approval to launch regulated gold, forex, and energy perpetual futures, expanding beyond crypto. The move puts them in competition with Robinhood. Google will ban prediction market extensions, impacting platforms like Kalshi and Polymarket. Robinhood is also expanding into multi-asset perpetual futures and strengthening its crypto infrastructure.

The Trump White House denies accusations of not nominating Democratic commissioners for the SEC and CFTC as the Senate discusses the CLARITY Act. The White House requested Democratic nominees but received none. Lawmakers are debating ethics rules and DeFi provisions. Senators Lummis and Wyden defend different parts of the bill.