Minimalist News

Simply the latest news, updated on the hour.

Thu, May 7, 2026, 11:34 AM EDT

Crypto

AI Summary

  • Kraken parent Payward is acquiring stablecoin payments firm Reap for $600 million, signaling a significant push into stablecoin infrastructure and everyday spending integration.
  • The crypto industry is increasingly focused on artificial intelligence (AI), with companies like Luffa repositioning as AI × Web3 connectors and AI agents becoming a key area of development for major tech players like Google and Solana.
  • Regulatory developments remain a key theme, with South Korea confirming a 22% crypto tax starting in 2027 and US Senator suggesting a crypto market structure vote by August.
  • Major financial institutions are expanding their crypto services; BNY Mellon is eyeing institutional custody for Bitcoin and Ethereum in the UAE, and Ripple, JPMorgan, and Mastercard have settled tokenized Treasury transfers on the XRP Ledger.
  • Despite some negative financial reports, like Core Scientific's $347M loss attributed to an AI hosting pivot, the broader crypto market shows signs of institutional appetite and potential upward price movements, with analysts predicting substantial Bitcoin gains and Ether testing key resistance levels.

Cointelegraph


CoinDesk


Decrypt


AMBCrypto


Looking for more? Search Google News