Eight major South Korean banks plan to launch a won-backed stablecoin to reduce reliance on dollar-pegged tokens in the country. They are reviewing two possible models and aim to roll out the digital currency by late 2025 or early 2026.
WeatherlyOpenAI and Microsoft are facing tensions over Microsoft’s investment stake as OpenAI plans to shift from a non-profit to a commercial structure. Talks could stall if they fail to agree on terms, which may impact future funding and their partnership.
AnaisKraken has received a MiCA licence from the Central Bank of Ireland, allowing it to offer regulated crypto services across all 30 European Economic Area countries. This approval strengthens Kraken’s position in Europe as it expands globally, especially amid ongoing regulatory uncertainty in the US.
WeatherlyThe US Federal Reserve confirmed that banks can offer crypto services if they follow safety and risk rules. It also removed “reputational risk” from its guidelines and is reviewing older policies to support clearer crypto regulation.
AnaisInvesco and Galaxy filed for a Solana ETF, aiming to give investors regulated access to the SOL token. Another filing proposes a new ETF mixing memecoins and NFTs from the Pudgy Penguins collection, marking a first of its kind in the market.
AnaisA man lost $20 million in a romance-based crypto scam and is suing Citibank for failing to detect suspicious transfers. He claims the bank ignored warning signs in $4 million worth of transactions that could have helped stop the fraud.
AnaisHong Kong has released a new crypto policy called “Policy Statement 2.0” to boost tokenisation and regulate stablecoins. The plan includes licensing rules for stablecoin issuers starting in August and aims to support wider use of tokenised assets like bonds and ETFs.
WeatherlyA British man, Kai West, was arrested in France for allegedly running a major cybercrime ring under the alias "IntelBroker" and leaking stolen data from over 40 organisations. US investigators linked him to the crimes through a small Bitcoin payment that traced back to his real identity.
WeatherlyKraken launched a new app called Krak that lets users send money instantly across 110 countries using both crypto and traditional currencies. The app removes bank details using Kraktags, offers rewards on digital assets, and plans to add cards and lending features soon.
AnaisMeta has hired top AI researchers from OpenAI, including Trapit Bansal, to boost its efforts in building superintelligent AI models. The company is investing heavily in talent and infrastructure to catch up with rivals like OpenAI, DeepMind, and DeepSeek.
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