The shareholders of Electroafla International have been convened on May 29 for the first general ordinary meeting after the company’s listing on the main market of the Bucharest Stock Exchange, where they will vote, among other things, on the 2026 budget, a plan that envisages crossing the RON1billion turnover threshold and a RON111 million gross profit.
US Senator Thom Tillis said the current text of the CLARITY Act offers a compromise for the crypto industry and banks and provides a bipartisan path for the bill’s passage. America’s largest banking groups said they remain dissatisfied with the CLARITY Act’s newly proposed language on stablecoin yield, arguing that it fails to protect bank deposits. In a statement Monday, the bankers acknowledged that US Senators Thom Tillis and Angela Alsobrooks are “seeking to achieve the correct policy goal” in prohibiting stablecoin yield but noted that the CLARITY Act’s “proposed language” currently “falls short of that goal.” “It is imperative that Congress get this right,” the American Bankers Association said in a joint statement with the Bank Policy Institute, Consumer Bankers Association, Financial Services Forum and Independent Community Bankers of America. Read more
The partnership enabling conversion of digital assets into cash through MoneyGram’s global network follows a similar move by rival Western Union. Kraken has teamed up with MoneyGram to let users convert crypto into cash for pickup across more than 100 countries, expanding access to off-ramps through its global retail network. According to Tuesday’s announcement, Kraken users will be able to convert digital assets into local currency and collect cash instantly or near-instantly through MoneyGram’s payout network, which supports hundreds of fiat currencies. The service will roll out in phases across regions including the US, Europe, Latin America, Africa and parts of Asia-Pacific, with plans to add bank deposits and cross-border payouts later. Read more
The deal adds a Solana-based trading infrastructure platform that has processed more than $50 billion in volume and aggregates liquidity across multiple venues. MoonPay has acquired DFlow, a trading infrastructure provider on Solana that routes and executes transactions across multiple liquidity sources. Financial terms were not disclosed, though Fortune reported the deal was valued at around $100 million in stock, citing two sources with direct knowledge of the matter. DFlow has processed more than $50 billion in trading volume on Solana since 2025, including over $12 billion in the first quarter of 2026, according to Tuesday's announcement. The platform supports more than 1 million users across 500 applications. Read more