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Crypto

Crypto-friendly policies reshuffle U.S. innovation map as Texas rises and New York falls

U.S. states that actively embrace cryptocurrencies and digital assets posted notable gains in innovation competitiveness rankings, while traditional tech hubs such as California and New York fell, an analysis showed. The Draper Innovation Index said regions welcoming crypto, blockchain and emerging technologies are gaining an edge in startups and investment. Texas rose to fourth place, while Oklahoma climbed to 15th. New Hampshire ranked third despite its smaller economy and population.

Crypto

Coinbase CEO says AI expansion raises crypto value in symbiotic relationship

Coinbase CEO Brian Armstrong said the rise of artificial intelligence will not weaken the cryptocurrency market and could increase the need for blockchain and crypto. He said viewing AI and crypto as rivals is a zero-sum approach. Armstrong described crypto as a general-purpose infrastructure technology and said AI agents will require their own financial infrastructure. Coinbase is building infrastructure for AI agents using the x402 protocol, Base and USDC, he said.

Crypto

Augustus raises $180 million led by Tiger Global, CEO says

Venture capital firm Tiger Global led a $180 million Series B funding round for banking startup Augustus, with Hummingbird, QED and founders of Nubank, Ramp, Circle and Deel also taking part. The company was valued at $1 billion. Augustus plans to use the funds to expand services for fintech firms and banks in Latin America, Southeast Asia, the Middle East and Africa. CEO Ferdinand Davitz said the company aims to improve access to dollars abroad.