CoreWeave’s previous takeover bid for Bitcoin miner Core Scientific was rejected for being too low. CoreWeave — once a cryptocurrency miner and now a rising AI infrastructure provider — is reportedly in acquisition talks with Core Scientific, after increasing a previously rejected bid made last year to the Bitcoin mining firm. A takeover bid could be “finalized in the company weeks,” The Wall Street Journal reported on Thursday, citing sources with knowledge of the discussions. No financial details were provided, though the offer would have to account for Core Scientific’s rapid expansion over the past year. Shares of Core Scientific rallied more than 23% on the news, with trading temporarily halted after the Journal’s report. Read more
Kraken’s new "Krak" system will compete against other money-transmitting apps such as Cash App and Venmo. Crypto exchange Kraken has debuted a peer-to-peer (P2P) payments app that allows users to send fiat and cryptocurrency, regardless of country borders. The move is part of the exchange's effort to expand its financial services offerings beyond cryptocurrencies. According to Kraken on Thursday, the “Krak” app will offer users a spend and earnings account, promising yield generation on more than 20 digital assets along with cross-border transactions, a market forecast to surpass $8 billion in the United States this year. “[…] the financial system has been stuck in the past, and we think it's time to do something about it,” Kraken co-CEO Arjun Sethi said in a statement. “We believe that basic financial services should be universally accessible, and that money should move as easily as information does.” Read more
Crypto infrastructure provider Taurus said the new contract could increase practical adoption of stablecoins, especially among businesses with sensitive transfers. Digital asset infrastructure provider Taurus has deployed a private contract for stablecoins designed to offer untraceability and anonymity. Built on the Aztec Network, Taurus’ stablecoin contract combines zero-knowledge proofs with the compliance features of existing stablecoins, the company disclosed on Thursday. The new contract can increase adoption of stable assets for payrolls, intracompany payments and other sensitive transfers, it said. Taurus provides infrastructure for major firms entering the digital asset space, including a global partnership with Deutsche Bank in 2023 and a management solution deal with State Street in 2024. Read more
Judge Analisa Torres wrote that Ripple is still required to follow federal securities laws regardless of the SEC's regulatory pivot. A US district court denied a joint motion from the US Securities and Exchange Commission (SEC) and Ripple requesting an indicative ruling to reduce a $125 million civil penalty and reverse an order defining primary sales of XRP (XRP) to institutional investors as securities transactions under Article 5 of the Securities Act. An indicative ruling allows lower courts like the district court to issue orders for a case that is pending review in the higher appellate court system, subject to approval from the higher court. In a Thursday filing in the United States District Court for the Southern District of New York, Judge Analisa Torres wrote that the court would not undo the earlier rulings, including the $125 million penalty, which were consistent with federal securities laws passed by Congress. Torres argued: Read more
Created jointly with Flashblocks, World’s Priority Blockspace for Humans aims to ensure the best transaction speed for real humans. World Chain, a layer-2 (L2) blockchain linked to OpenAI CEO Sam Altman, has launched a new tool to prioritize real humans over bots to ensure transaction speed. Priority Blockspace for Humans (PBH), a new open source mechanism on the World Chain mainnet, marks World’s latest effort to build a blockchain designed for humans, according to an announcement shared with Cointelegraph on Thursday. The mechanism is implemented in World Chain’s block building logic that reserves a portion at the top of each block’s space for transactions sent from Orb-verified verified humans. Read more
The tokenized RWA market is now valued at $24 billion, dominated by private credit and US Treasury debt. Tokenized real-world assets (RWAs) have evolved from a niche concept to a mainstream use case of institutional finance, with private credit leading the charge as investors pursue programmable yields. That was one of the main takeaways from RedStone’s H1 2025 RWA Market Overview, co-authored by DeFi protocol Gauntlet and data platform RWA.xyz. Excluding stablecoins, the tokenized RWA market has grown by as much as 380% since 2022, reaching a combined $24 billion in value. Read more