Solana attracted increasing institutional finance and payments activity during the first quarter as Wall Street firms expanded tokenised asset and stablecoin infrastructure on the network despite weaker broader crypto markets.
The US Securities and Exchange Commission is reportedly preparing a new framework for tokenised securities trading platforms as Wall Street firms deepen efforts to move traditional assets onto blockchain infrastructure.
Bitcoin mining profitability declined sharply after the network’s latest difficulty adjustment increased mining difficulty by 3.12%, reducing miner revenue by 9.44% since May 14.
Minnesota signed legislation allowing state-chartered banks and credit unions to provide regulated cryptocurrency custody services from August 1, making it the first Midwestern state to establish a unified framework for both institutions.
KB Financial Group completed a pilot programme testing stablecoin-powered offline payments and cross-border remittances through the Kaia blockchain ahead of South Korea’s proposed digital asset framework.
Protect Progress, a political action committee affiliated with the crypto industry-backed Fairshake network, spent more than $4 million supporting Democratic candidate Jasmine Clark ahead of Georgia’s 13th Congressional District primary.
Hyperliquid’s HYPE token rose more than 5% on Monday despite a wider cryptocurrency sell-off that pushed Bitcoin below $77,000.
More than $660m in crypto positions were liquidated within 24 hours after Bitcoin dropped sharply below $80,000.
Elon Musk has shared a clip of Citadel CEO Ken Griffin warning that artificial intelligence is now moving into some of finance’s most skilled roles.
A7A5, a Russia-linked stablecoin tied to sanctioned defence bank Promsvyazbank, said it aims to evolve from a sanctions workaround into a long-term cross-border settlement tool.
China confirmed it participated alongside the United States and United Arab Emirates in a large-scale international operation targeting pig-butchering scam networks operating in Dubai.
Kraken reportedly cut about 150 employees as the company expanded its use of artificial intelligence across the business, according to a Friday report by Bloomberg.
