Stablecoins Are Becoming Payment Infrastructure, Not Crypto Assets

In today’s newsletter, Fintech Wrap Up’s Sam Boboev explains how stablecoins can become a payment rail in the digital economy. Then, in Ask the Experts, we provide advisors with takeaways from last week’s Consensus Conference in Miami—the key themes: Wall Street agrees. Stablecoins are becoming payments infrastructure, not cryptoassets Stablecoins started out as a narrow…

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‘Floating armoury’ ship reportedly hijacked by Iran

A ship reportedly operating as a “floating armory” in the Gulf of Oman has been seized by Iranian military personnel, according to maritime risk management firm Vanguard Group. The UK Maritime Trade Operations Organization (UKMTO) said the ship was now “heading towards Iranian territorial waters”. BBC verify examined MarineTraffic’s ship tracking data, which showed the…

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Kraken to replace LayerZero with Chainlink for kBTC, future wrapped assets

Kraken said it will replace LayerZero, a protocol for moving crypto assets across blockchains, with an equivalent from Chainlink, after last month’s $292 million bridging attack on liquidity recollateralization protocol Kelp exposed the risks of traditional cross-chain infrastructure. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) will be Kraken’s exclusive cross-chain service for packaged crypto assets, including kBTC,…

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XRP edges higher while bitcoin, ether and dogecoin slip, keeping focus on $1.49 breakout zone

XRP was the biggest gainer over the past 24 hours, while the rest of the market traded lower as buyers retreated to around $1.43. Bitcoin, ether, solana and dogecoin fell as much as 2%, while Ripple-related tokens gained 1.5%. news background • Even as broader cryptocurrency momentum cools, XRP continues to attract steady institutional interest,…

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Moody’s assigns Aaa-mf assessments to Fidelity and BlackRock tokenized money market funds

Moody’s gave Aaa-mf assessments of tokenized money market funds issued by Fidelity and BlackRock, validating their safety as income-generating on-chain products. The Aaa-mf assessment demonstrates its strong ability to ensure high liquidity and capital preservation as well as minimal risk levels. An assessment usually implies a broader analytical view, while an actual rating is a…

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