Crypto World News
Crypto World News
Sam Altman said OpenAI is open to slowing cutting-edge AI development and wants rival labs to coordinate, Bloomberg reports. The shift could cool demand for decentralized compute like Bittensor and Render, reshape AI token momentum, and open space for verifiable blockchain alternatives.
Nasdaq invested $100 million in Payward, Kraken's parent, at a $21 billion valuation, signaling major TradFi-crypto convergence. The strategic stake boosts Kraken's IPO prospects, enables Nasdaq technology integration, and intensifies exchange consolidation amid growing institutional adoption and regulatory maturation globally.
A partnership with Moov will bring regulated stablecoin infrastructure to over 1,000 small and community banks via existing cores, enabling acceptance, settlement, and real-time funding using USDC and PYUSD. It marks a shift from exchange-centric settlement to embedded banking rails under the GENIUS Act framework.
Citadel Securities urged the SEC, not the CFTC, to oversee prediction contracts tied to public companies. Its Sept. 9 letter argued KPI contracts are security-based swaps, warning CFTC self-certification risks market fragmentation for Kalshi, Polymarket, and Crypto.com and reshapes oversight of tokenization, perpetuals, and crypto prediction infrastructure nationwide.
US Bank executed a live cross-border transaction using USBDC, its proprietary dollar-backed stablecoin on Stellar. The milestone highlights accelerating institutional adoption of bank-issued stablecoins for continuous 24/7 treasury operations, liquidity management and faster settlement beyond traditional banking rails.
Binance founder CZ proposes national crypto reserves should track market cap: over 50% Bitcoin and 10-20% Ethereum, with the rest in top assets. He argues diversification accelerates overall innovation, ultimately strengthening Bitcoin, while offering regulators a more balanced and politically viable framework than Bitcoin-only reserves.
Circle agreed to acquire Singapore's Tazapay for $400M in stock. The cross-border B2B platform processes $25B annually across 100 markets, with 60% already in stablecoins, accelerating USDC as the default rail for global payments.
Kalshi CEO Tarek Mansour told RotoWire an NBA data, integrity, and marketing deal with prediction markets could arrive "really soon." The move would legitimize CFTC-regulated platforms, impact exchanges and developers, and bridge sports, crypto rails, and regulated finance amid $3 billion monthly volumes.
Bank of Korea finds dollar-backed stablecoins weaken local currencies when exchanges list direct fiat pairs. A potential fed rate cut could accelerate outflows from bank deposits into USDT and USDC, boosting institutional crypto inflows and prompting tighter regulatory scrutiny.
VP JD Vance urged a fed rate cut to improve housing affordability, echoing President Trump while the Fed remains cautious. Lower rates could boost crypto liquidity, ETF inflows and DeFi activity, with investors focused on CPI, jobs data and the upcoming September FOMC meeting ahead.