StablecoinsKraken Buys Reap for $600M: B2B Stablecoin Payments in Asia
Payward agreed to buy Hong Kong's Reap Technologies for up to $600M, adding card issuance and stablecoin payments to its B2B platform.
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InstitutionalJPMorgan and Mastercard Complete First Tokenized US Treasury Settlement on XRP Ledger
JPMorgan and Mastercard completed the first cross-border tokenized US Treasury settlement on XRP Ledger with Ondo Finance and Ripple, using Kinexys.
InstitutionalMorgan Stanley Launches Crypto Trading on E*Trade at 0.5% Fee
Morgan Stanley rolled out a crypto trading pilot on E*Trade at 50 bps per trade, below Coinbase, Robinhood and Schwab. 8.6M clients get access in 2026.
MarketsCME Launches Bitcoin Volatility Futures: BVX Product Goes Live June 1
CME Group launches Bitcoin volatility futures on June 1, 2026. The BVX product lets traders hedge against swing intensity without betting on price direction.
MarketsCoinbase Cuts 14% of Staff in AI Restructuring
Coinbase announced the elimination of 14% of its workforce on May 5, about 700 jobs. CEO Brian Armstrong cited a market downturn and AI adoption.
InstitutionalDTCC to Launch Tokenized Securities in October 2026 With 50+ Firms
DTCC announced a July 2026 pilot and October full launch for tokenized securities. Over 50 firms including BlackRock, Circle and NYSE Group are on board.
RegulationNew York AG Secures $5M From Uphold Over CredEarn Fraud
NY AG Letitia James secured a $5M settlement from Uphold for promoting CredEarn, a crypto savings product with false insurance claims and hidden risks.
RegulationReuters Investigation: Nobitex Founders Tied to Iran Supreme Leader's Family
Reuters: Iran's largest crypto exchange Nobitex was founded by Kharrazi brothers linked to Supreme Leader Khamenei. US seized $500M in Iranian crypto.
MiningBitcoin Mining Stocks Rise 85% in 2026 Despite BTC Lag
Bitcoin mining stocks posted gains of up to 85% in 2026 as TeraWulf, Riot and Hut 8 pivot to AI data centers, while BTC is roughly 20% below January levels.