US spot Bitcoin ETFs recorded $69 million in inflows on Wednesday, extending their inflow streak to seven sessions and bringing total inflows during the period to nearly $1 billion US-listed spot Bitcoin exchange-traded funds (ETFs) have attracted about $1 billion in net inflows over seven straight trading sessions. Spot Bitcoin ETFs recorded $68.99 million in...Continue Reading

Kakao Group and Circle signed an MOU to explore won stablecoin payments, remittances, merchant settlement and tokenized financial services. Kakao Group has partnered with stablecoin issuer Circle to explore payment infrastructure for won-backed stablecoins as South Korea prepares a broader regulatory framework for crypto assets.  On Thursday, the companies announced that Kakao, Kakao Pay and...Continue Reading

Swiss cantonal bank BancaStato integrated Sygnum’s crypto trading and custody services into its Avaloq-powered digital banking apps for Bitcoin and other assets. Swiss bank BancaStato has launched regulated cryptocurrency trading using digital asset bank Sygnum and banking software provider Avaloq. BancaStato, the cantonal bank serving Switzerland’s Italian-speaking Ticino region, joined Sygnum’s business-to-business (B2B) banking platform...Continue Reading

US officials warn that Chinese firms conducting covert, industrial-scale AI distillation could face sanctions and export restrictions. A White House official accused Moonshot AI of distilling Anthropic’s Fable AI model to develop Kimi K3, which launched last week. In a post on X on Wednesday, White House Office of Science and Technology Policy Director Michael...Continue Reading

The settlement follows a watchdog report last year that blamed “avoidable errors” for the loss of nearly a year’s worth of Gary Gensler’s text messages. The US Securities and Exchange Commission agreed to pay $150,000 in legal fees to settle a Coinbase lawsuit seeking internal records from the agency at the height of the Biden-era...Continue Reading

Offchain Labs said the incident involved a third-party protocol and did not affect Arbitrum’s native bridge infrastructure. AFX Protocol, a decentralized perpetual exchange operating on Arbitrum, reportedly lost $24.15 million on Wednesday in an exploit targeting one of its crosschain bridges.  Blockaid said Wednesday it detected an exploit at 9:30 p.m. UTC targeting a bridge...Continue Reading

The benchmark tracks blockchain networks using protocol revenue, offering an alternative to traditional market capitalization-weighted crypto indexes. S&P Dow Jones Indices and Pantera Capital launched a digital asset index that tracks blockchain networks and protocols based on protocol revenue, marking a departure from crypto benchmarks built around market capitalization or token prices. The index draws...Continue Reading

Donavan McKinney, running against Michigan incumbent Shri Thanedar, said that “the crypto lobby is paying my opponent back for helping Trump“ with the PAC-funded ads. An affiliate of the cryptocurrency-aligned political action committee (PAC) Fairshake is attempting to influence voters in a primary race for Michigan’s 13th congressional district, with about $1 million in media...Continue Reading

According to Senator Cynthia Lummis, one of the bill’s advocates, the ethics language would apply to US presidents’ crypto ventures, including Donald Trump’s. Senate Republicans have released the proposed text for the Digital Asset Market Clarity (CLARITY) Act, including language on ethics that would bar all US federal officials — including President Donald Trump —...Continue Reading

Anthropic will provide Claude AI models to companies participating in the UK Financial Conduct Authority’s next Supercharged Sandbox cohort, as the regulator pushes to test AI applications in financial services. Anthropic will provide its Claude AI models to firms participating in the UK Financial Conduct Authority’s (FCA) second Supercharged Sandbox cohort, expanding the regulator’s effort...Continue Reading