AI-powered summaries of the day's top crypto events
SEC Chair Paul Atkins has indicated that new regulations are being considered to address the rise of AI-powered financial systems and the demand for blockchain-based market infrastructure. This move aims to provide clarity and structure for onchain finance and automated settlement processes.
Payward, the parent company of Kraken, has applied for a national trust charter with the Office of the Comptroller of the Currency (OCC). This move would establish the Payward National Trust Company, expanding Kraken's existing Wyoming bank charter and Fed master account.
Australia's financial intelligence agency, AUSTRAC, has initiated supervision campaigns targeting over-the-counter operators and local exchanges. These campaigns coincide with new laws that expand regulatory oversight to include custody and brokerage services.
Bitcoin mining company IREN has secured a $3.4 billion deal with Nvidia, which includes a $2.1 billion share option for Nvidia. This partnership highlights the increasing convergence of cryptocurrency mining and AI technology as firms seek to expand their compute capacity.
Following a $293 million exploit, DeFi projects like Solv Protocol are migrating to Chainlink infrastructure. This shift underscores the vulnerabilities associated with third-party bridge and oracle setups in decentralized finance.