
Coinbase to power Citi stablecoin rails, with fiat conversion for virtual accounts
Citi is tapping Coinbase infrastructure for stablecoin settlement, while Coinbase Virtual Accounts gain automatic fiat conversion through the bank.
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Original coverage across the crypto market, updated daily.

Citi is tapping Coinbase infrastructure for stablecoin settlement, while Coinbase Virtual Accounts gain automatic fiat conversion through the bank.
The onchain swap and bridging app says it will sell a JUMP token through Legion as it becomes an independent company, citing $40B in lifetime volume.

Gracy Chen said a preliminary investigation found IP addresses matching VPN choices tied to a North Korean hacking group.
Tokens on Circle's Arc fell over the past day after some traders said they sold citing a livestream guest's background; the guest does not work for Circle.

South Korea will offer free AI access to all citizens, with three consortia running the service on state-supplied Nvidia B200 chips.
Former presidential candidate Andrew Yang pushes for taxing AI to offset job losses, citing Bridgewater's 18% displacement estimate.
Analyst sees strong potential as bitcoin mining revenue backs $4.7 billion AI data-center expansion.

Russia's Federal Security Service detained at least 20 people accused of running unlicensed crypto exchanges that defrauded Russian citizens.

Kraken introduces USD-settled options for bitcoin and ether, citing product design as key barrier to adoption.
President Trump pushes for cryptocurrency clarity legislation, citing competition with China.
EMURGO steps down from Cardano's Pentad governance body citing the SecondFi exploit, sending ADA down 5%.
Investment bank Goldman Sachs now predicts the yen will weaken to 165 per dollar within a year, citing persistent interest rate differentials.
Iran's military command shuts Strait of Hormuz, citing U.S. and Israel violations of a recent agreement.

French cybersecurity agency will stop certifying non-quantum-resistant products from 2027, citing future threats from quantum computing.