Headlines

Sony Bank Gains U.S. Approval for Stablecoin Trust Bank

Sony’s online banking arm has secured conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank subsidiary, positioning the Japanese entertainment and technology giant to issue and manage a dollar-denominated stablecoin in the United States. The new entity, Connectia Trust, National Association, will be based in…

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Morgan Stanley Targets Ethereum and Solana ETF Market Share Amid Intensifying Fee Competition

Key Takeaways Morgan Stanley’s ethereum and solana filings extend the bank’s proprietary crypto ETF strategy beyond its existing Bitcoin fund. The proposed pricing suggests crypto ETFs are shifting from product novelty toward competition for investor assets. Both trusts would include staking and institutional custody but remain preliminary offerings without confirmed launch dates. Why the Crypto…

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Kraken launches AI investing assistant to challenge traditional advisors

Kraken has launched an AI-powered investing assistant that delivers personalized portfolio recommendations and market insights while keeping final trading decisions in users’ hands. Summary Kraken has launched an AI investing assistant that delivers personalized portfolio recommendations while requiring user approval for every trade. The platform builds investment plans using users’ financial goals, risk tolerance, funding…

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OpenAI’s Head of Safety Is Leaving the Company

OpenAI’s head of safety systems Johannes Heidecke told staff this week that he’s leaving the company, WIRED has learned. Heidecke’s departure follows a reorganization that sought to integrate OpenAI’s safety and research teams. In a memo to staff seen by WIRED, chief research officer Mark Chen said OpenAI’s safety teams will now report to the…

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Anti-Sangla ATM! Chinabank To Let Workers Borrow From Their Salary Before Payday

China Banking Corp. (Chinabank) announced that it has partnered with financial technology company Paywatch to launch Earned Wage Access Plus (EWAP), a digital solution allowing employees to withdraw a portion of their earned salaries before their scheduled payday. Platform Mechanics The service enables eligible employees of Chinabank’s payroll partner companies to make multiple salary withdrawals…

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