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Crypto

Kalshi introduces bitcoin-backed loans, targets U.S. perpetual futures market

U.S. prediction market platform Kalshi is expanding in the regulated U.S. crypto perpetual futures market by introducing crypto-backed loans and using Webull’s distribution network. Kalshi partnered with digital asset custodian BitGo to set up a lending structure, aiming to offer its perpetual futures to more than 6 million Webull customers. Kalshi launched regulated bitcoin perpetual futures earlier this year and later added gold, silver and a US500 stock index contract.

Crypto

BitGo launches innovation unit BitGo Labs, to focus first on combining AI and crypto

BitGo has launched a research and innovation unit called BitGo Labs, The Block reported on Tuesday. BitGo Labs will design, launch and validate next-generation services with potential in the crypto sector, focusing first on combining AI and cryptocurrencies. BitGo said the AI economy needs crypto financial infrastructure for micro-payments, instant settlement and asset protection. It also plans to publish research and build protocol prototypes.

Crypto

Uphold starts trading Evernode\'s XRPN stock, enabling exposure without direct XRP purchases

Uphold has begun trading XRPN, the stock of Evernode Holdings, a listed company that holds large amounts of XRP. Users can buy fractional shares through Uphold\'s mobile app. Uphold described XRPN as listed equity backed by a corporate XRP treasury. Securities services are provided through Uphold Securities, with custody handled by Apex Clearing. XRPN offers exposure to the XRP ecosystem but represents equity in Evernode, not XRP itself.