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

Alibaba's global business-to-business platform is set to utilize tokenized deposits backed by fiat currencies, including the US dollar and euro, in collaboration with JPMorgan. This initiative aims to streamline cross-border payments, quickly facilitating transactions while reducing the reliance on intermediaries. By adopting this technology, Alibaba seeks to implement bank-issued digital tokens instead of stablecoins initially, ensuring regulatory and operational clarity. The move is part of a broader shift towards blockchain-based settlement processes in global commerce. Kuo Zhang, president of Alibaba.com, highlighted that current cross-border trades are complicated by multiple banks and currency conversions, leading to delays and increased costs. Instead, with tokenized currencies, direct transfers can occur over a blockchain system. Furthermore, while the primary focus remains on digital tokens issued by banks, there are plans to potentially explore stablecoins in the future as well.

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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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