Category: crypto

SAP is acquiring Prior Labs, a startup specializing in tabular AI, for over $1.1 billion. The deal is expected to close by mid-2026 pending approval. Prior Labs will remain independent and its technology will be integrated across SAP’s AI platforms. This move strengthens SAP’s focus on structured business data analysis.

AI chipmaker Cerebras plans a $3.5B IPO with shares priced at $115-125, reporting $510M revenue and $238M profit in 2025. The company is challenging Nvidia in AI compute with its large-scale processor and aims to capitalize on the growing demand for AI infrastructure in the market.

Scorechain has integrated Cardano into its compliance and investigation platform, offering support for ADA, native tokens, risk scoring, investigations, and transaction monitoring. The announcement had a limited short-term impact on ADA’s price, with whales buying over 10 million ADA and Cardano holders reaching 4.5 million accounts. Scorechain’s integration supports exchanges, custodians, and financial platforms across…

South Korea’s DAXA alliance, representing 27 digital asset service providers, objects to proposed amendments to financial regulations. They warn that new rules requiring exchanges to flag overseas transfers above a certain amount as suspicious would overwhelm compliance teams. The clash highlights growing tension between regulators and the digital asset industry.

Western Union has launched USDPT, a U.S. dollar payment stablecoin on Solana. Anchorage Digital issued USDPT, which is fully backed by U.S. dollars. The stablecoin will work within Western Union’s payment systems and plans include global exchange support and a consumer-facing service called Stable by Western Union. Solana’s price action is also being closely watched.

Tether Gold (XAUT) has reached a market value of over $3.3 billion, backed by 707,747 ounces of physical gold as of March 31, 2026. This reflects a 36% increase in bullion reserves quarter-over-quarter. Tether’s total gold holdings, including reserves for USDT, are now about 132 tons worth $19.8 billion.

South Korea’s crypto industry is concerned about proposed anti-money laundering rule changes that could increase pressure on local exchanges. The Digital Asset eXchange Alliance warned that the changes could lead to a significant increase in suspicious transaction reports, creating challenges for exchanges. The proposed rules are part of efforts to tighten oversight on the industry,…

Rain, a $1.95 billion-valued stablecoin infrastructure firm, is partnering with Mastercard to offer credit and prepaid cards, as well as explore using stablecoins for payment settlements. This move allows Rain to expand from its Visa-based model to a dual-network setup, enabling large institutions to incorporate stablecoin settlement without changing existing payment systems.

World Liberty Financial is suing Justin Sun for defamation, claiming he orchestrated a smear campaign after his tokens were frozen. Sun countersued, alleging WLFI used blacklists to freeze his tokens. The legal battle involves accusations of extortion and misinformation, highlighting the intersection of cryptocurrency, politics, and control mechanisms in token projects.

World Liberty Financial is suing Tron founder Justin Sun for defamation, claiming he ran a media campaign against their token project after tokens linked to his entities were frozen. Sun had previously sued WLFI for freezing his tokens unfairly. The dispute includes claims of governance issues and public defamation.