⚡︎ Adam ⚡︎

[Cointelegraph @Cointelegraph]

🔥 NEW: Coinbase has launched Coinbase for Agents, allowing AI agents to trade, manage portfolios, and autonomously execute financial actions under user-defined guardrails.

[xStocks @xStocksFi]

It's official. SpaceX ($SPCXx) is the first IPO on xStocks.

Onchain. Available on Kraken & other xStocks Alliance members.

[CoinDesk @CoinDesk]

LATEST: @Binance launches commission-free stock trading for eligible non-U.S. and non-UK customers, offering access to 7,000+ U.S.-listed stocks and ETFs settled in $USDC or $USDT.

[STEPH IS CRYPTO @Steph_iscrypto]

HUGE: 🇺🇸Coinbase CONFIRMED Washington is preparing to accelerate crypto rulemaking around the $30,000,000,000,000+ U.S. financial system IMMEDIATELY after the CLARITY Act passes.

[Watcher.Guru @WatcherGuru]

JUST IN: CME Group officially launches 24/7 crypto futures & options trading.

[The Bitcoin Historian @pete_rizzo_]

JUST IN: $1 BILLION STRIVE JUST RANG THE BELL LIVE AT THE NASDAQ STOCK EXCHANGE

THE 9th LARGEST #BITCOIN HODLER IN THE WORLD

WE ARE GOING MAINSTREAM 🔥

[Ash Crypto @AshCrypto]

BREAKING: 🇺🇸 JEROME POWELL STEPS DOWN AS FED CHAIR TODAY AS KEVIN WARSH BECOMES THE FIRST PRO-CRYPTO FED CHAIR IN HISTORY TOMORROW.

[Bitcoin Magazine @BitcoinMagazine]

BREAKING: 🇺🇸 Senate Banking Committee PASSES the Clarity Act in 15-9 vote.

The bill now goes to the full Senate.

[SolanaFloor @SolanaFloor]

LATEST: The @Tether Treasury transferred 500 million $USDT to Binance via the @Solana network for a total transaction fee of just $0.0076.

[Cointelegraph @Cointelegraph]

🔥 UPDATE: Kraken and Franklin Templeton are partnering to build tokenized investment products on-chain.

[Coin Bureau @coinbureau]

🚨KALSHI HITS $22B VALUATION AFTER $1B FUNDING ROUND

Prediction market platform Kalshi has reportedly reached a $22 billion valuation after raising $1 billion in a funding round led by Coatue.

The new raise doubles Kalshi’s valuation in just five months, signaling growing institutional demand around event-based trading markets.

[Coin Bureau @coinbureau]

🚨KRAKEN PARENT MOVES TO BECOME A FEDERAL CRYPTO BANK

Payward has applied for an OCC charter, a step that would add a federally regulated trust company to Kraken’s existing Wyoming bank charter and Fed master account.

[Simon Taylor @sytaylor]

🚨 BREAKING: Kraken acquires Reap for $600M.

Stripe bought Bridge for $1.1B. Mastercard bought BVNK for $1.8B. Now Kraken buys Reap for $600M.

$3.5B in stablecoin infrastructure M&A in 14 months.

Every category of payments company is racing to own stablecoin rails before they become as foundational as card networks.

Reap is Hong Kong-based, founded in 2018, already profitable. They issue Visa corporate cards funded by stablecoins, run cross-border settlement, and serve 22,000+ businesses across Asia.

----

To me it looks like Kraken paid for distribution and licenses in Hong Kong, Singapore, and Mexico. Not for technology they could build in-house.

Stablecoins and payments aren't cyclical unlike crypto trading.

In a bear market Spot trading margins are collapsing. Every cycle, the spread gets thinner. Exchanges that thrive need recurring revenue from services, not transaction fees from speculation.

---

Kraken has now spent roughly $2.7B on acquisitions.

- NinjaTrader ($1.5B for derivatives).
- Bitnomial ($550M for options). Backed (tokenized equities).

And now Reap for stablecoin-powered B2B payments.

That looks like a company assembling the pieces of a diversified financial services firm ahead of an IPO.

The stablecoin infrastructure land grab is accelerating because B2B stablecoin payment volumes went from under $100M/month in early 2023 to over $3B/month by 2025.

A 30x increase in two years.

Processors want it (Stripe). Card networks want it (Mastercard). And now exchanges want it too (Kraken).

The acquirers keep paying premium prices for the same thing: multi-jurisdictional licenses and live enterprise clients. The regulated plumbing.

The stablecoin stack is consolidating fast. And the companies buying it are the ones who understand that the money is in moving money, not trading it.

[Cointelegraph @Cointelegraph]

🔥 JUST IN: Kraken partners with MoneyGram to enable crypto cash withdrawals in 100+ countries.

[Coin Bureau @coinbureau]

🇹🇼 TAIWAN WANTS TO PUT PART OF ITS $602B RESERVES INTO BITCOIN

A Taiwanese legislator has urged its government to explore putting part of its $602B foreign exchange reserves into Bitcoin.

He argues Taiwan holds 80% of its reserves in U.S. dollar assets, which creates risk if the dollar weakens or geopolitics get worse.

$BTC is then being pitched as an alternative that cannot be frozen, seized, or controlled by another country.

[Bitcoin Archive @BitcoinArchive]

VISA TO LAUNCH BITCOIN-BACKED DEBITS CARDS ACROSS 100 COUNTRIES IN PARTNERSHIP WITH LIGHTSPARK.

[Cointelegraph @Cointelegraph]

🔥 NEW: Kraken launches Crypto and xStocks bundles combining digital assets and tokenized equities in one automated portfolio.

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: The Governor of the Czech National Bank says they will be publishing the results of a test portfolio holding bitcoin as a reserve asset over time 🇨🇿

"This is the future."

[Vivek Sen @Vivek4real_]

JACK DORSEY’S BLOCK JUST DROPPED THIS:

OVER 800,000 MERCHANTS IN THE U.S. NOW ACCEPT BITCOIN 🤯

NEW BUSINESSES ARE ADOPTING BTC EVERY 8 SECONDS 🔥

5% CASH BACK — IN BITCOIN.

MASS ADOPTION IS HERE 🚀

[CoinDesk @CoinDesk]

LATEST: A coalition of 100+ crypto firms including @Coinbase, @Ripple, @Krakenfx and @a16z urges the Senate Banking Committee to advance the CLARITY Act.