O’Leary Warns Tokenization Needs Regulatory Framework “Shark Tank” investor Kevin O’Leary said Wall Street’s current tokenization boom lacks a clear crypto regulatory framework, and institutional investors still view it as too risky. He noted that widespread institutional adoption cannot happen until the US establishes clear cryptocurrency compliance standards.
OpenTrade Secures a16z-Backed Funding Stablecoin yield and RWA lending platform OpenTrade raised $17 million, led by Mercury Fund and Notion Capital. The platform’s TVL has exceeded $200 million, targeting neobanks and fintechs.
Crypto Legislation Faces Ethics Provision Dispute Senator Kirsten Gillibrand warned that there will be no deal on sweeping cryptocurrency market structure legislation without an ethics provision. She specifically cited Trump’s ties through memecoins and World Liberty Financial.
Coinbase CLO Bullish on Stablecoin Legislation Coinbase Chief Legal Officer Grewal said at the Consensus conference that stablecoin legislation “will pass this summer.” He called for compromise on a stablecoin regulatory framework and urged industry participants to work constructively with regulators to advance the legislative process.
Kraken Launches Regulated Margin Trading Crypto exchange Kraken announced the launch of regulated spot margin trading in the United States, following its recent acquisition of Bitnomial. The move marks a significant step in Kraken’s compliance strategy, providing US investors with more institutional-grade crypto trading tools.
Colombia wants to mine bitcoin with surplus renewable energy Colombian President Gustavo Petro said the country’s Caribbean coast could host bitcoin mining facilities powered by surplus renewable energy, following a path similar to El Salvador’s. This marks another Latin American nation formally embracing cryptocurrency mining, combining renewable energy infrastructure with bitcoin mining operations. Source: CoinDesk
Core Scientific to acquire bitcoin miner Polaris in $421M AI data center deal Core Scientific announced the acquisition of bitcoin miner Polaris for $421 million. Polaris operates a 40-acre energized data center campus in Oklahoma with 40 megawatts of contracted power through Oklahoma Gas & Electric. The deal marks an acceleration of traditional mining companies transitioning to AI data center infrastructure. Source: The Block
Hut 8 shares soar over 30pct after $9.8B AI data center deal Bitcoin miner Hut 8 shares surged over 30 percent after the company secured a $9.8 billion AI data center deal built to NVIDIA specifications. The deal marks the first phase of Hut 8 commercializing its Beacon Point data center campus in Nueces County, Texas. This further validates the market trend of mining companies pivoting to AI infrastructure. Source: The Block ...
NYSE tokenization partners warn synthetic stock tokens could mislead retail NYSE tokenization partners have warned that offshore synthetic stock tokens may not represent the underlying equity, with some projects using company names without approval and exploiting regulatory arbitrage. As tokenized stock products proliferate, investors are urged to be cautious about the risk that these products may be disconnected from actual equity ownership. Source: CoinDesk
[Brief] Attackers drain $1.4M in wrapped bitcoin from DeFi protocol Ekubo in approval-based exploit DeFi protocol Ekubo was exploited via an approval flaw in its EVM swap router, losing approximately $1.4M in WBTC. Source: The Block