Treasury named AI among five major transitions expected to reshape Australia’s economy, while Coinbase says the report overlooks the digital financial infrastructure AI agents could eventually need. Australia’s new 40-year economic outlook has identified artificial intelligence as one of five major transitions expected to have a profound effect on the economy, while leaving out any mention of crypto. The latest Intergenerational Report, published on Monday by the Australian Treasury, described agentic AI systems as having become “significantly” more capable, autonomous and widely used — surpassing human-level performance on some benchmarks. The other major transitions are geopolitical conflicts, an aging population, a shift to clean energy and Australia’s industrial transformation toward services. “The Intergenerational Report makes it clear that Australia’s prosperity over the next 40 years will depend heavily on our ability to adopt new technology and lift productivity,” Coinbase Australia country director...
Trueo said Base was the right choice when it launched, as Ethereum gas fees were higher, but said mainnet now offers greater integration potential. Prediction market platform Trueo plans to migrate from Base to Ethereum, citing broader integration opportunities and plans to build the next iteration of its oracle system. The project, which launched on Base in March 2025, said its priority after the migration will be attracting liquidity and launching the next generation of its oracle, the system used to verify real-world outcomes that are used to resolve prediction markets. Trueo said it chose to move from Base to Ethereum because it offered higher integration potential and product upside, while on Base, integrations are limited to the immediate ecosystem. Read more
Kakao Pay and KakaoBank are exploring digital asset opportunities with Fireblocks, including infrastructure for stablecoins. South Korean financial companies Kakao Pay and KakaoBank have signed a memorandum of understanding (MoU) with crypto infrastructure provider Fireblocks to explore digital asset opportunities, including stablecoins. Under the agreement, the companies will conduct proof-of-concept tests for digital asset infrastructure suited to South Korea’s regulatory, security and service requirements. The initiative aims to help establish secure onchain infrastructure for the country’s emerging digital asset market. The announcement on Monday did not include a launch, investment or implementation timeline. Read more
The investigation is reportedly examining whether Binance knowingly allowed trading that violated US sanctions on Iran, months after reports first revealed a Justice Department probe. The Manhattan US Attorney’s Office is investigating whether Binance knowingly allowed trading that violated US sanctions on Iran, Bloomberg reported Tuesday, providing new details about a Justice Department investigation first reported in March. The Justice Department’s Criminal Division in Washington is also involved in the investigation, Bloomberg reported, citing people familiar with the matter. Asked for comment, a Binance spokesperson told Cointelegraph: “We maintain a zero-tolerance policy for sanctions violations. We fully cooperate with law enforcement, and we remain committed to rooting out and shutting down bad actors.” Read more
Saudi Arabia has left mBridge, a cross-border CBDC platform that has drawn scrutiny from US policymakers, according to the Financial Times. Saudi Arabia has withdrawn from mBridge, a China-backed cross-border digital currency project designed to enable direct transactions between central banks, according to the Financial Times. SAMA, Saudi Arabia’s central bank, joined mBridge as a full participant in June 2024 and ended its participation after completing a proof of concept on May 13, 2025, FT reported, citing a statement from the central bank. SAMA said it had planned to end its participation. MBridge was established in 2021 through a collaboration between the Bank for International Settlements (BIS) Innovation Hub and the central banks of China, Hong Kong, Thailand and the United Arab Emirates, with the aim of making cross-border payments faster and cheaper. Read more