Author: John Smith

South Korea has launched its first government-backed blockchain stablecoin pilot after Gyeonggi Province confirmed an eight-month proof-of-concept program scheduled to begin in August. Summary Gyeonggi Province will begin South Korea’s first government-backed blockchain stablecoin pilot in August. ZKrypto will test issuance, settlement, privacy, fraud prevention, and proof-of-reserves through February 2027. Toss and KT have also launched separate initiatives to develop infrastructure for won-based stablecoins. According to blockchain media outlet NexBlock, Gyeonggi Province, the country’s most populous province, will begin testing a blockchain-based stablecoin in August as part of an initiative to examine its use for regional currency and government disbursements.…

Kraken has launched an AI-powered investing assistant that delivers personalized portfolio recommendations and market insights while keeping final trading decisions in users’ hands. Summary Kraken has launched an AI investing assistant that delivers personalized portfolio recommendations while requiring user approval for every trade. The platform builds investment plans using users’ financial goals, risk tolerance, funding preferences, and market data. The launch comes as exchanges including OKX, Coinbase, and Revolut expand AI-powered tools across crypto trading and payments. According to Kraken, the new mobile experience replaces a trading-first interface with a goal-based approach that asks users about their financial objectives before…

Backpack has launched 24/7 trading for tokenized U.S. stocks across more than 150 countries, giving eligible investors direct ownership of selected equities with instant settlement. Summary Backpack has launched 24/7 trading for tokenized U.S. stocks with direct ownership and instant settlement. The exchange now offers tokenized shares of companies including SpaceX, Micron and SanDisk across 150+ markets. RWA.xyz data shows the tokenized stock market has grown to $1.85 billion as crypto and traditional firms expand offerings. Backpack announced on Thursday that users outside the United States can now trade a group of tokenized U.S. equities around the clock, including shares…

OpenAI has reportedly supplied AI technology to Chinese companies on the Pentagon’s military-linked blacklist, adding fresh scrutiny to U.S. controls over advanced artificial intelligence exports. Summary OpenAI and Google reportedly provided AI access to Chinese firms on the Pentagon’s Section 1260H blacklist. The reported access has renewed debate over U.S. AI export controls and cloud-based model distribution. The development comes as OpenAI expands GPT-5.6 Sol, Terra, and Luna across ChatGPT, Codex, and its API. According to the reported findings, OpenAI and Google provided access to their AI models to Chinese companies included on the U.S. Department of Defense’s Section 1260H…

Bitcoin closed the worst half-year in its recent history near $60,000, down from $93,000 in January and fresh off a 21-month low, and almost none of the damage came from crypto itself. The Federal Reserve and record ETF outflows did it, and the same two forces meet again at the July 28-29 policy meeting that will likely decide whether the bottom is in or another leg waits below. These are the levels, the scenarios, and the honest case on both sides. Summary Bitcoin enters July near $60,000, with the July 28–29 Fed meeting expected to determine whether the recent sell-off…

President Donald Trump has refused to sign the 21st Century ROAD to Housing Act, even as the bill containing a provision blocking a U.S. central bank digital currency through 2031 has remained on course to become law. Summary Trump has refused to sign the 21st Century ROAD to Housing Act over the Senate’s failure to pass the Save America Act. The housing bill is still expected to become law because the White House has confirmed Trump will not veto it. The legislation would bar the Federal Reserve from issuing a U.S. CBDC until 2031 if it takes effect. According to…

The Federal Reserve has named Andreessen Horowitz co-founder Marc Andreessen to help lead a task force studying artificial intelligence, productivity and employment. Summary Marc Andreessen will co-lead a Federal Reserve task force examining AI, productivity and American employment. Stanford economist Charles Jones and Microsoft executive Asha Sharma will serve alongside Andreessen on the panel. The review comes as Fed officials debate whether AI will ease inflation or raise costs. The Federal Reserve announced the appointment on July 9. The panel forms part of Fed Chair Kevin Warsh’s broader review of how the central bank makes monetary policy decisions. Andreessen will…

An exploit drained roughly 16 million ADA, about $2.4 million, from 374 Cardano wallets in late June. What happened next is the interesting part: EMURGO, one of Cardano’s founding entities, announced a recovery path to return the assets within two weeks, while an independent forensic team including Mt. Gox veterans published competing findings. Crypto has spent fifteen years insisting stolen funds are gone forever. Cardano is running a live experiment in whether that has to be true, and every chain is watching the precedent. Summary A Cardano linked exploit drained about 16 million ADA from 374 wallets, with EMURGO outlining…

DeXe price has surged more than 20% in a single day, climbing to a new all-time high on July 10 as a breakout above key resistance and heavy short liquidations propelled the token to the top of the cryptocurrency market. Summary DeXe price surged over 20% to a new all-time high of $36.34 after breaking out of a bullish pennant. Heavy short liquidations and limited exchange supply accelerated the rally into price discovery. Bullish MACD, positive CMF, and rising whale activity support momentum despite overbought RSI conditions. According to data from crypto.news, DeXe (DEXE) price climbed to an all-time high…

Robinhood built a blockchain for tokenized stocks and institutional-grade real-world assets. In its first week, the chain did $570 million of volume against $21.68 million of liquidity, a 26-to-1 ratio that exists nowhere else in DeFi, and most of it was memecoin speculation. This is the launch-week autopsy: what the numbers actually show, what the chain was built for versus what it is being used for, and whether bought liquidity and degen volume can become a real economy. Summary Robinhood Chain processed $570 million in launch week trading volume with just $21.68 million in liquidity as memecoin activity dominated early…