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Finance

Financial sector AI adoption hits 81 percent; profitability hinges on maturity and investment size

Artificial intelligence adoption in financial services has risen to 81 percent, indicating it has effectively become widespread, a survey found. Profitability and operational efficiency gains depended more on organisations' AI maturity, the level of technological advancement and investment size than on adoption itself. Fintech firms advanced faster than traditional institutions. Machine learning led usage, with rapid uptake of generative AI and agentic AI. Data availability and quality emerged as the biggest bottlenecks.

Crypto

Former Ripple CTO says XRP at $20 not comparable to bitcoin's early $100 break

Former Ripple chief technology officer David Schwartz said it is difficult to directly compare forecasts of XRP reaching $20 with bitcoin’s early move above $100 because the market capitalisation is very different. He cited bitcoin’s market value of about $1.3 billion when it first topped $100 in April 2013, versus XRP’s value of about $86.63 billion at around $1.4. He said a much larger asset needs far more money to move meaningfully.

Crypto

U.S. CLARITY crypto market structure bill nears Senate vote; White House targets July 4 enactment

The White House has set July 4 as its target date for enacting the CLARITY bill, a U.S. crypto market structure measure. CoinPost reported the Senate Banking Committee could begin voting steps as soon as next week. A compromise on stablecoin yield provisions has advanced, though banking groups oppose it. Lawmakers are now focused on ethics provisions, with Democrats warning support depends on them, as negotiations continue ahead of the deadline.