Category: crypto

Visa has introduced Intelligent Commerce Connect, a platform that allows AI agents to handle payments on behalf of users. The system integrates payment initiation, tokenization, authentication, and spend controls through a single connection. It supports both Visa and non-Visa payments and is in pilot with select partners, with a full rollout planned.

Canary Capital filed with the SEC to launch a spot ETF tied to the PEPE meme coin, with holdings primarily in PEPE and a small Ether allocation. The filing highlights the high concentration of ownership in PEPE, with the top 10 wallets controlling about 41% of the supply. This ETF could increase liquidity and interest…

Yuga Labs has settled a multi-year lawsuit with artists Ryder Ripps and Jeremy Cahen over trademark infringement related to NFTs. The artists are permanently barred from using Yuga Labs imagery and must transfer control of related NFTs, domains, and smart contracts within 10 days as part of the settlement agreement.

Federal Reserve minutes from the March meeting revealed a split among policymakers regarding potential rate cuts due to uncertainty from Middle East tensions. Interest rates were held steady, but the possibility of cuts was discussed if inflation eases. Policymakers also highlighted concerns around inflation, labor market risks, and the impact of geopolitical events on the…

Bithumb is taking legal action to recover 7 Bitcoin still missing from a payout error in February. The exchange recovered most of the funds and is pursuing the remaining amount from users. Bithumb has filed for provisional seizures to freeze user assets if they do not return the funds, following regulations in South Korea.

Dubai’s Virtual Assets Regulatory Authority has released detailed guidance on how token issuers should operate. The guidance clarifies how virtual assets should be structured, disclosed, and distributed in Dubai. It introduces a three-part classification system for token issuances based on structure and risk profile, with specific requirements for stablecoins and asset-referenced tokens. The framework aims…

Treasury Secretary Scott Bessent urges Congress to quickly pass the CLARITY Act due to limited Senate floor time. The bill has been delayed by debates over stablecoin yields. Bessent emphasizes the importance of the legislation as crypto use grows in the US. President Trump supports the bill and criticizes banks for stalling its progress.

Meta Platforms is enhancing social commerce with new tools connecting creators, AI, and advertising to actual purchases on Instagram and Reels. They are expanding AI-driven ad tools, introducing Muse Spark, and focusing on Reels for engaging ads. The company is also increasing its AI focus and restructuring internally to advance its AI ambitions.

XRP price at $1.3184 on April 7 was rejected at the descending trendline resistance near $1.35 for the third time since late March. The rejection, visible on the 1H chart, indicates bearish continuation. Support at $1.30 to $1.28, with $1.28 being a key level, while a close above $1.35 is needed for a shift in…

The FDIC has proposed new rules under the GENIUS Act to regulate stablecoins issued through the banking system, setting standards for reserve, risk management, and custody. Reserve deposits backing stablecoins may be insured, but token holders will not be covered. A 60-day consultation period is open for feedback on the proposal.