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Crypto
Bitwise CIO says crypto and finance lines to blur as Coinbase strategy draws attention
Coinbase has unveiled an “Everything Exchange” plan spanning stocks, options, prediction markets and AI-driven trade execution, prompting Bitwise to say the boundary between crypto and traditional finance is starting to disappear. Bitwise CIO Matt Hougan said if Coinbase’s future revenue comes mainly from non-spot activities such as stock trading, perpetual futures and options, it may no longer be seen as a pure crypto company. Coinbase also outlined tokenised stock trading outside the United States starting next month and AI tools for automated portfolio strategies.
Crypto
KT to offer integrated finance and telecom services for Mongolians entering South Korea
KT said it will provide integrated finance and telecommunications services for foreigners entering South Korea through a partnership with Mongolia\'s Trade and Development Bank and Woori Bank. The three parties signed a memorandum of understanding in Seoul on Tuesday. KT and Woori Bank plan a package combining bank account opening and mobile plans for Mongolians, including a 5G welcome plan, international calling benefits and other living perks.
Crypto
Who drives the stablecoin market: Issuance by Circle, distribution by Coinbase
Institutional finance payment infrastructure is shifting from correspondent banking-led structures to stablecoin networks, with key functions concentrated among a handful of firms. Stablecoin market capitalisation rose to $317.89 billion in April 2026 from about $125 billion in early 2024, while 2025 transfer volume reached $33 trillion. USDC led institutional payments. Issuance centres on Circle and Paxos, distribution on Coinbase and Wintermute, and custody on Fireblocks and exchange cold wallets.
