Ripple, JPMorgan Use XRP Ledger for Tokenized Treasury Transfer Ripple and JPMorgan jointly executed a cross-border transfer of a tokenized Treasurys fund on the XRP Ledger, representing an example of crypto firms and Wall Street institutions exploring 24/7 settlement systems.
The Bermuda government is promoting stablecoin payments through a USDC airdrop campaign as part of its effort to attract crypto businesses to the island. As an international financial center, Bermuda is working to position itself as a crypto-friendly jurisdiction. The USDC airdrop aims to let local residents experience the convenience of stablecoin payments. On the regulatory front, Bermuda has established a relatively comprehensive digital asset regulatory framework, providing clear compliance pathways for crypto businesses. This move aligns with the competitive landscape of multiple jurisdictions vying for crypto company establishment. ...
Prominent startup incubator Y Combinator has held crypto startup interviews in New York for the first time, signaling the crypto industry’s expansion from Silicon Valley to financial centers. Previously, Y Combinator’s crypto-related interviews were primarily held in the San Francisco Bay Area. The choice of New York reflects Wall Street’s growing interest in crypto technology. Startups interviewed span DeFi, stablecoin infrastructure, tokenization, and other sectors. This trend suggests accelerating convergence between traditional finance and crypto technology. ...
[Brief] Core Scientific Acquires Polaris in 421 Million Dollar AI Data Center Deal According to The Block, Core Scientific announced the acquisition of Bitcoin miner Polaris for $421 million to expand its AI data center campus in Oklahoma. Polaris’s 40-acre site is energized and operating with 40 megawatts of contracted power through Oklahoma Gas and Electric. This reflects the ongoing trend of mining companies pivoting toward AI infrastructure. Source: The Block ...
Bitcoin Core Vulnerability Patched Bitcoin Core disclosed a use-after-free memory bug that could allow miners to crash nodes and potentially execute remote code. The fix was completed silently months ago, but many nodes may still be running affected versions of the software.
Coinbase CLO Bullish on Stablecoin Legislation Coinbase Chief Legal Officer Paul Grewal said at the Consensus conference that the Clarity Act will pass this summer. He backed the Tillis-Alsobrooks stablecoin compromise and urged banks to accept the deal framework.
Kraken Launches Compliant Margin Trading Crypto exchange Kraken has launched regulated spot margin trading in the US, the first product built on licenses acquired from Bitnomial. Perpetual contracts and options products are expected to follow.
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.