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Kraken eyes IPO as it partners with MoneyGram to bridge crypto-to-cash gap
Payward and Kraken co-CEO Arjun Sethi says the exchange is “80% ready” to go public, as a new partnership with MoneyGram aims to expand access to digital assets by solving last-mile cash conversion.
Citi exec says fragmented crypto systems risk repeating old banking problems
Tokenized money efforts face limits as corporate clients demand real-time payments that work seamlessly across banks, Citi’s Ryan Rugg said at Consensus in Miami.
Crypto ETFs go mainstream as traditional finance locks in
As traditional finance deepens its footprint, issuers say ETFs are reshaping access, liquidity, and the global structure of digital asset investing.
Self-directed investors power bitcoin ETF launch despite Morgan Stanley’s scale
Strong early demand highlights how investors are driving crypto adoption, even without support from Morgan Stanley’s vast advisor network.
Kelp claims that LayerZero approved the setup it blamed for $292 million bridge hack
The $292M exploit, linked to North Korean hackers, led Kelp to migrate its rsETH off LayerZero's "OFT" standard to Chainlink's "CCIP."
Tokenization won't disrupt banking rails but improve them, Wall Street executives say
Executives from Citigroup, JPMorgan and DTCC said at Consensus that genuine client demand is driving real-world use of tokenized assets.
Wall Street warns human-built markets can’t keep up with machine-speed trading
Legacy financial systems face pressure as tokenization and real-time trading push markets toward always-on, automated infrastructure, panelists at Consensus in Miami said on Tuesday.
Hut 8 swaps Coinbase loan for cheaper FalconX deal, slashing borrowing costs as it bets big on AI
A new $200 million, 364-day bitcoin-backed facility replaces the Coinbase Credit arrangement, cutting debt costs by 200 basis points.
Wall Street giant DTCC plans tokenized securities platform with July pilot, October launch
Clearing giant's move toward live tokenization market adds weight to Wall Street's blockchain push.
Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup
The agreement necessitates firms restructure reward programs from a "buy and hold" to a "buy and use" model; however, CCI raised concerns over its broad prohibition.
