News from the frontier of crypto, AI & payments.
Coverage and analysis at the intersection of crypto, AI, and payments — through the lens of institutional custody.
Global Stablecoin Regulatory Framework Takes Shape as Infrastructure Deployment Accelerates
U.S. agencies propose bank-level KYC rules for stablecoin issuers under GENIUS Act, Tether self-custody wallets surpass 100,000, Latin America and Africa market data released, Visa urges payment companies to develop stablecoin strategies, and sector raises over $150 million in one week.
OpenAI Recruits Transformer Co-Inventor Ahead of IPO as xAI Acquires Cursor for $60B
OpenAI strengthens its technical and policy teams by bringing on Transformer co-inventor Noam Shazeer and former White House AI policy official Dean Ball as it prepares for its IPO. Meanwhile, xAI acquires AI coding tool Cursor for $60 billion in a full-stack AI strategy move.
Trump Administration's U-Turn on Anthropic: From National Security Threat to 'Responsible' Company
The U.S. government forced Anthropic to pull its latest AI models citing national security concerns, but President Trump reversed course after the G7 summit, stating he no longer views the company as a threat. The Commerce Department's unprecedented use of export controls on AI models has sparked legal controversy and industry concern.
Traditional Finance Giants Enter Prediction Markets as CFTC Issues 267-Page Regulatory Proposal
Prediction market platform Kalshi has begun preliminary IPO discussions with investment banks, while Charles Schwab partners with Cboe to launch S&P 500-based event options. Meanwhile, the CFTC has released a 267-page regulatory proposal as multiple states file lawsuits against prediction market platforms.
Stripe Accelerates AI Agent Payment Infrastructure Buildout as Transaction Volume Surges 7x in Three Months
Payment giant Stripe is building AI Agent payment infrastructure through products like Projects and Link virtual cards, with Machine Payable Products (MPP) transaction volume growing from 70,000 in March to an estimated 560,000 in June. Competitor Adyen has also launched Agentic Commerce solutions as the industry enters the era of autonomous AI Agent payments.
Global Stablecoin Regulatory Framework Takes Shape as Infrastructure Deployment Accelerates
U.S. agencies propose bank-level KYC rules for stablecoin issuers under GENIUS Act, Tether self-custody wallets surpass 100,000, Latin America and Africa market data released, Visa urges payment companies to develop stablecoin strategies, and sector raises over $150 million in one week.
Traditional Financial Institutions Accelerate Tokenized Deposit and On-Chain Settlement Initiatives
Mastercard and JPMorgan completed the first cross-border tokenized treasury redemption pilot, while Western Union achieved on-chain treasury settlement in the Philippines and Bolivia. Major U.S. banks including JPMorgan, Citi, Bank of America, and Wells Fargo plan to build a shared tokenized deposit network, marking traditional finance's formal entry into on-chain financial infrastructure.
Latest from Cobo
Cobo Launches Agentic Wallet: Three Industry Firsts Redefining How AI Agents Interact On-Chain
Cobo launches Cobo Agentic Wallet (CAW), the world's first MPC-secured wallet purpose-built for AI agents, featuring a human-agent authorization protocol and modular skill framework that enables autonomous on-chain execution within user-defined boundaries.
Cobo Agentic Wallet: A New Paradigm for Autonomous AI Agent Transactions and Payments
Cobo launches Cobo Agentic Wallet (CAW), an MPC-based wallet infrastructure designed to enable AI Agents to perform autonomous on-chain transactions with institutional-grade security and human-enforced authorization controls.
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