UBS Converts US Unit to National Bank
UBS secures OCC approval to convert UBS Bank USA into a national bank, enhancing its US platform and exploring crypto services. #Update #Banking
Crypto News
General category for all types of news related to the cryptocurrency world.
Kalshi Valuation Doubles to $22 Billion
@Kalshi raised over $1 billion in a funding round led by Coatue Management, doubling its valuation to $22 billion amid regulatory scrutiny and insider trading cases. #Update #Crypto $USDT
White House AI Plan Overrides State Laws
The White House proposed federal AI standards, avoiding a new regulator and preserving state enforcement powers, focusing on child safety, free speech, and copyright disputes. #Update #Legal
SoftBank Launches $33B Ohio AI Hub
SoftBank plans a $30-40B AI data center in Ohio, powered by $33B in natural gas infrastructure, reflecting surging AI demand. #Update #Tech
Kalshi Doubles Valuation to $22B
Kalshi raises $1 billion led by Coatue Management, doubling its valuation to $22 billion. Rival Polymarket valued at $9 billion after Intercontinental Exchange investment. #Update #Finance
Metaverse Secures Stability Amid Uncertainty
Meta has reversed its decision to sunset Horizon World, focusing on mobile platforms where it is more popular. #Update #Tech
Bluesky Secures $100M as Users Hit 43M
Bluesky disclosed a $100M Series B led by Bain Capital Crypto, revealing user growth to 43M amid leadership changes. #Update #Tech
Kalshi Faces Temporary Nevada Sports Betting Ban
@Kalshi is under a two-week restraining order in Nevada, halting bets while legal disputes over prediction markets continue; CFTC asserts federal authority over state regulators. #Update #Legal $BTC
OpenAI Launches Superapp Merging AI Tools
OpenAI consolidates ChatGPT, Codex, and Atlas into a desktop “superapp” to counter Anthropic’s enterprise gains. No launch date yet. #Update #Tech
Ripple Survey: 72% See Digital Asset Surge
Ripple survey reveals 72% of global finance leaders prioritize digital asset adoption to stay competitive as stablecoins, custody, and tokenization integrate into core operations. #Update #Finance @Ripple
Nvidia Stock Dips Below Key Support Level
Eightco Holdings (@Eightcoholdings) increases its investment in OpenAI by $40 million, totaling $90 million. ORBS shares fell 4% to $0.90. Finance
CLARITY Act Deal Sparks Hope in Washington
Rumors suggest a tentative deal between the White House and US lawmakers on stablecoin yield, potentially advancing the CLARITY Act, with concerns from banks about deposit flight. #Update #Crypto $USDC
AI Generates $8M Fraudulent Royalties Guilty Plea
A North Carolina man pleaded guilty to wire fraud conspiracy in an AI-driven music streaming scheme, collecting over $8 million in royalties. Sentencing is set for July 29.
Dubai Crude Surges Past $170 Mark
Cash Dubai crude surpasses $170 per barrel amid Middle East disruptions, indicating severe physical oil market strain. #Update #Commodities