AI-powered summaries of the day's top crypto events
Kalshi, a leading prediction market platform, has confirmed a $1 billion funding round, boosting its valuation to $22 billion. This comes as institutional trading volume on the platform surged by 800% over the past six months, with annualized trading activity reaching $178 billion, despite regulatory scrutiny.
Bitcoin fell below $80,000 after hitting resistance at $82,800. However, a significant $1.105 billion weekly inflow into spot Bitcoin ETFs could help curb selling pressure, as the market anticipates potential stabilization.
The U.S. Treasury has demanded Binance adhere to monitoring guidelines following reports of over $1 billion in flows to Iran-linked groups. This requirement is part of Binance's plea agreement from 2023 related to sanctions and money laundering charges.
JPMorgan and Mastercard have completed the first cross-border tokenized US Treasury transaction using the XRP Ledger. This transaction builds on a pilot that involved moving funds between public and permissioned blockchains, showcasing the potential for blockchain in traditional finance.
Amazon Web Services has teamed up with Coinbase and Stripe to enable AI agents to use the USDC stablecoin for payments. This new system allows AI agents to autonomously pay for APIs, data, and online services, marking a significant step in integrating blockchain technology with artificial intelligence.
South Korea's Finance Ministry has confirmed the implementation of a 22% tax on crypto gains, set to begin in January 2027. This decision marks a significant regulatory step as the country seeks to formalize its approach to cryptocurrency taxation.