China’s largest payments app debuts AI feature that checks if you’re balding
Eat your heart out Elon Musk and X.com, China’s Alipay is the real ‘everything app.’
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South Korea sanctions Upbit with a 3-month ban on servicing new clients
Upbit emphasized that the FIU’s sanctions “may be subject to change” through procedures in accordance with relevant regulations.

Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision
Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop HODLing while in office should a bill get enough votes.According to a framework released on Thursday, chair Zoe Lofgren of the Committee on House Administration — responsible for the day-to-day operations of…

Binance exchange partner Simplex rolls out Tether to euro offramp
Over 200 firms in Simplex’s network can enable euro cashouts from Tether. 812 Total views 23 Total shares Simplex, a major crypto-to-fiat payments provider, is adding another fiat offramp to enable its partner exchanges like Binance and Huob to sell major stablecoin Tether (USDT) to the euro.According to an Oct. 29 announcement, Simplex has rolled…

Crypto Exchange OKEx Launches ‘Perpetual Swap’ Derivative Product
Malta-based cryptocurrency exchange OKEx has launched a new derivative product called Perpetual Swap trading, according to a press release shared with Cointelegraph Dec. 3.Perpetual Swap is a peer-to-peer, virtual derivative developed by OKex, that enables users to speculate the direction of the price of digital assets. Its mechanism is reportedly very similar to a futures…

Staking may come soon for US Ether ETFs: Bernstein
The research firm considers ETH an attractive investment opportunity, citing rising investor interest relative to Bitcoin.

CoreWeave strikes $11.9B deal with OpenAI to deliver AI infrastructure
For CoreWeave, the deal may supplement lost income from the contracts Microsoft cancelled. CoreWeave announced on March 11 that it had struck a five-year deal worth up to $11.9 billion with OpenAI, the nonprofit research and development company that created ChatGPT. Through the deal, OpenAI will become an investor in CoreWeave through the issuance of

Digital bank Anchorage offers Ethereum-backed loans to institutions
Institutional investors can get USD on credit without liquidating their ETH. Crypto custody bank Anchorage Digital is expanding its services into crypto-backed loans for institutional investors.Clients at Anchorage can now access a line of USD credit backed by Ethereum through its partnership with U.S. commercial bank BankProv.Anchorage Financing will introduce a simple way for investors…

Brutal 20% Ethereum price sell-off is not over, but is there a silver lining for ETH?
Ether (ETH) price stabilized near $2,300 after a sharp 20% drop over three days, hitting a low of $2,255. This decline shook market sentiment, as Ether hadn’t traded at these levels since October 2024. However, the ETH derivatives market is showing early signs of recovery and strength, suggesting a potential rebound to $2,800. Ether 30-day