The Fed’s New Account Could Let Crypto Into the System – Here’s What Traders Need to Know

The Fed has described a capped “payment account” that would offer basic access to Fedwire and ACH without interest, overdrafts, or emergency lending, framing it as a payments tool that could reduce reliance on intermediaries for eligible firms, including stablecoin issuers.
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Cryptomus’ Xeltox Enterprises Fined $177 Million By Canadian Regulator

FINTRAC has fined Xeltox Enterprises, parent of Cryptomus, $176,960,190 for non-compliance after 1,068 missed suspicious reports and 1,518 unreported virtual-currency transactions in July 2024, citing links to child sexual abuse material, fraud, ransomware and sanctions evasion.
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How Crypto Exchanges Use AI to Power Next-Gen Trading Tools – Can Traders Really Trust Them?

AI in crypto has been implemented across leading exchanges. Bitget has introduced a chat agent for execution and insights, Kraken has announced Capitalise.ai integration for no-code automation, and Binance has provided adaptive UI, hourly token reports, and sentiment-driven signals for traders.
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Kadena Shuts Down – How a 77% Crash and Cash Burn Ended One of Crypto’s Most Ambitious Projects

Kadena has announced a shutdown after running out of funds, though the proof-of-work chain has kept operating. KDA has fallen 77% in a month and over 99% from its 2021 high as exchanges have begun delisting. The team has planned a new binary and a community handover.
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