Category: crypto

The XRP Ledger has processed over 1 million AI-driven payments using the x402 protocol. Ripple-backed t54.ai has launched the XRPL AI Hub to support developers, payment services, and autonomous agents on the network. Additionally, more than 55% of trusted validators have adopted the xrpld v3.2.0 upgrade.

Circle stock is facing pressure as U.S. regulators are set to publish rules for the GENIUS Act by July 18. Technical indicators suggest downside risks for CRCL shares. The rules are crucial for stablecoin issuers like Circle, with potential impacts on investor expectations and stock prices. Coinbase shares have also weakened awaiting regulatory clarity. The…

The Federal Reserve discussed potential drivers of persistent inflation, including AI demand, in their June meeting minutes. They indicated that higher rates might be needed if inflation remains above target. Market pricing for a U.S. interest rate hike this year is at 59%, with further hikes likely depending on inflation data.

The EU is revising its Markets in Crypto-Assets framework following the U.S. GENIUS Act, with plans to expand regulations for stablecoins, tokenized payments, and deposits. ESMA will review custody risks for licensed CASPs until 2027. Discussions are ongoing for MiCA 2.0 updates and increased supervision of crypto firms.

Alfa-Bank aims to offer crypto services once Russia’s new digital currency rules are in place. The bank plans to become a regulated digital depository, following in the footsteps of other large banks. Their timeline for launching these services depends on regulatory developments and market conditions.

Kraken is leading MiCA-regulated crypto exchanges in liquidity, with $399.71 million in spot liquidity and $206.90 million in perpetual liquidity, according to DefiLlama. This gives larger traders deeper order books across regulated European markets. Coinbase remains a close rival, but Kraken is ahead in core liquidity metrics.

Nexo launched a dual-mode card in Argentina that allows users to spend crypto or borrow against holdings without selling. Buenos Aires serves as Nexo’s Latin America hub, with Andres Ondarra appointed as General Manager. The card offers fee-free ATM withdrawals and foreign-currency spending, targeting users in high-inflation markets.

Robinhood Chain and other Arbitrum Layer 2 networks will send 10% of net protocol revenue back to the Arbitrum ecosystem, with 8% going to the tokenholder-controlled Arbitrum DAO treasury and 2% to development funding. This revenue model is seen as a way to capture revenue as enterprise adoption of Arbitrum accelerates.

AI Financial, formerly Alt5 Sigma, is considering selling its core payments business to Perpetuals.com for up to $15 million. This potential deal follows losses related to a partnership with World Liberty Financial, a Trump-linked crypto project. The sale is not final, as Perpetuals.com continues to review terms and conduct due diligence.

Binance Wallet has added Plume’s nBASIS vault, allowing users to access tokenized Bitwise and Invesco funds. This brings real-world asset yield into the crypto wallet interface. The vault offers access to the Bitwise Crypto Carry Fund and Invesco’s U.S. Government Securities Fund. Plume aims to provide institutional-grade yield through established financial strategies.