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Alibaba to Use JPMorgan’s Blockchain for Tokenized Dollar and Euro Payments

Alibaba plans to simplify cross-border payments by utilizing tokenized deposits backed by fiat currencies such as the US dollar and euro through a partnership with JPMorgan. This move aims to expedite transactions and reduce reliance on intermediaries, allowing for direct transfers of digital currencies via a blockchain-based system. The company will initially focus on bank-issued digital tokens for regulatory clarity before possibly exploring stablecoins later. With traditional cross-border transactions often involving multiple banks and currency conversions, the new system is expected to streamline the payment process significantly. The tokens will be implemented using JPMorgan's JPMD infrastructure, designed for moving tokenized deposits among institutional clients. The initiative marks a significant step towards blockchain-based settlements in global commerce, as Alibaba's platform shifts its payment methods to meet the demands of modern international trade.

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Bitcoin recovery expected as liquidity conditions change, but US macro remains a threat

Bitcoin's recent downturn is attributed to broader economic stresses, yet improved liquidity and a favorable outlook for 2026 could lead to a potential recovery. With the upcoming US Federal Reserve decision on interest rates looming, market sentiment is divided between a possible rate cut and maintaining the current

Kraken Scores $800M Raise Backed by $200M Citadel Investment

Kraken, a prominent crypto exchange, has raised $800 million in funding, including $200 million from Citadel Securities, aiming to bridge traditional financial markets with blockchain infrastructure. This funding round values Kraken at $20 billion and marks a significant shift in the relationship between cryptocurrency firms and traditional finance. The capital

Kraken Scores $800M Raise Backed by $200M Citadel Investment

Kraken has raised $800 million in new funding, which includes a $200 million investment from Citadel Securities. This funding values the crypto exchange at $20 billion and aims to enhance Kraken's capacity to integrate traditional financial markets with blockchain technology. The recent capital injection comes as Kraken pursues

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