Business – Page 466 – PK Press Club

Surf raises $15 million to create an AI model suitable for crypto research

Surf, an AI research and intelligence platform focused on digital assets, has raised $15 million in a funding round led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group (DCG), the company announced in a press release on Wednesday. The San Francisco-based startup said the funds will be used to create Surf […]

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US Fed cuts Fed Funds benchmark rate band to 3.50% – 3.75%

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The U.S. Federal Reserve announced a widely expected 25 basis point rate cut on Wednesday, lowering the range for its benchmark federal funds rate by 25 basis points, to between 3.50% and 3.75%. This is the third consecutive quarter-point reduction and brings short-term borrowing costs to their lowest level since 2022. “Uncertainty regarding the economic

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Consumer groups join unions in attempt to derail US crypto market structure bill

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Consumer advocates and financial reform groups are lining up alongside some labor unions to oppose Senate legislation that will impose regulations on U.S. crypto markets, arguing that current versions make crypto consumers vulnerable to fraud. “Legislative initiatives explored thus far in the Senate have largely failed to address the “The widespread harm caused by the

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Stripe Acquires Crypto Payments Startup Valora, Ventures Further into Stablecoins

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The team behind crypto payments app Valora is joining Stripe as the payments giant increasingly expands into blockchain technology and stablecoins, Valora founder Jackie Bona said in a blog post Wednesday. “We have seen first-hand how access to stablecoins and crypto rails can increase economic opportunity,” Bona said. “Over the past few months, it has

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State Street and Galaxy to launch tokenized liquidity fund on Solana (SOL) in 2026

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State Street and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026 that uses stablecoins for investor flows around the clock, expanding the use of public blockchains in institutional cash management, the companies announced Wednesday. The State Street Galaxy Onchain Liquidity Sweep Fund, or SWEEP, will accept subscriptions and redemptions in

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Crypto CEOs Join US CFTC Innovation Council to Drive Market Developments

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The Commodity Futures Trading Commission announced the initial names as it created its CEO Innovation Council, intended to look into developments in derivatives market structure, particularly around tokenization, crypto and blockchain technology. Prominent crypto industry CEOs such as Gemini’s Tyler Winklevoss, Kraken’s Arjun Sethi and Polymarket’s Shayne Coplan will join CEOs from flagship companies including

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US banking regulator warns Wall Street against “unbanking” and “illegal” claims practices

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President Donald Trump’s campaign against U.S. debanking of controversial industries, such as digital assets, has led to a new report from the Office of the Comptroller of the Currency that once again confirms past practice and warns of potential sanctions for banks allegedly involved. The OCC is asking banks to heed President Donald Trump’s executive

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Crypto Prices Fluctuate on Fed’s Powell and Treasury Buying

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Bitcoin BTC$92,594.49 soared above $94,000, then quickly retreated as Fed Chairman Jerome Powell appeared both dovish and hawkish after the central bank announced a 25 basis point rate cut on Wednesday. Hovering around $92,000 for most of the day, BTC surged to $94,400 as Powell – during his post-meeting press conference – highlighted the risks

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Andreessen Horowitz Crypto Unit to Expand into Asia with Office in South Korea

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A16z crypto, a venture capital fund from Andreessen Horowitz (a16z), announced its expansion into Asia, opening an office in Seoul and hiring Sungmo Park to lead operations in the region. South Korea is the second-largest crypto market in the world, unit Andreessen Horowitz said in a blog post. The office will work with founders by

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Paxful pleads guilty to aiding crime, ignoring AML laws

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Bitcoin marketplace Paxful pleaded guilty Tuesday to three criminal charges, claiming in court that it helped criminals move funds and profit from illegal activities, including prostitution, fraud and evading sanctions. A “criminal information” is a formal charging document used when a defendant waives the indictment and agrees to plead guilty. In this case, Paxful admitted

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