Kraken Financial, the banking arm of Kraken, has received approval from the Federal Reserve for a "master account," becoming the first crypto company to access the Fed's core payment system and gain access to the same payment channels as thousands of banks and credit unions. This account will allow Kraken Financial direct access to Fedwire, the interbank payment system that processes over $4 trillion in transactions daily; previously, the arm relied on intermediary banks for fund transfers. Kraken Financial holds a special banking license in Wyoming specifically for crypto companies, and this approval grants limited master account privileges, excluding all services enjoyed by banks, such as earning interest on reserves held at the Fed. The Federal Reserve Bank of Kansas City reviewed the application and announced its approval on Wednesday. Kraken co-CEO Arjun Sethi stated that this move will improve the reliability and efficiency of fiat currency deposits entering and leaving the digital asset market. Banking groups have criticized the decision. Paige Pidano Paridon, co-head of regulatory affairs at the Bank Policy Institute, stated that the decision lacks transparency in the approval process and risk mitigation measures. Kraken, founded in 2011, completed a funding round last November at a $20 billion valuation and has filed for an IPO. (WSJ)

Israeli President Isaac Herzog stated that the ongoing conflict is not aimed at changing Iran's regime but rather at transforming the Middle East. According to Jin10, Herzog emphasized the strategic goals of the war, focusing on regional stability and security. He highlighted the importance of addressing broader geopolitical challenges in the area. Herzog's remarks come amid heightened tensions and complex dynamics in the Middle East, where various nations are navigating alliances and conflicts. The president's statement seeks to clarify Israel's position and objectives in the current geopolitical landscape.

OKX has launched ROBO (Fabric Protocol) spot trading.

The Long View, institutional investor, posted on X that Ukraine has received $100 billion in funds from the United States. The post suggests that without this financial and military support, Ukraine might not have been able to sustain its defense efforts. The discussion highlights the significant role of U.S. aid in Ukraine's ongoing conflict and its impact on the country's ability to resist external pressures.

The U.S. Central Command (CENTCOM) has requested the Pentagon to deploy more military intelligence personnel to its headquarters in Tampa, Florida, to support operations targeting Iran. According to Jin10, this deployment is expected to last at least 100 days, with the possibility of extending until September. The move underscores the ongoing focus on Iran within U.S. military strategy.

Coal India, a major player in the coal industry, saw its shares increase by 3.3%, making it the leading stock in the NIFTY 50 index. According to Jin10, this rise in stock price highlights the company's strong performance in the market. The NIFTY 50 index, which tracks the performance of 50 prominent companies listed on the National Stock Exchange of India, was positively impacted by Coal India's gains. This development reflects investor confidence in Coal India's operations and its potential for future growth.

The Long View, institutional investor, posted on X. The U.S. military strategy in Syria has been characterized by targeted operations without establishing a long-term military presence. The approach involved significant military actions that have had lasting impacts on the region, leading to substantial destruction. Despite the intensity of these operations, the United States has not maintained a prolonged military presence in Syria, focusing instead on specific objectives and withdrawing thereafter. This strategy reflects a broader pattern in U.S. military engagements, where the emphasis is placed on achieving immediate goals without committing to extended involvement.

Paraguay’s state‑owned electricity monopoly, Administración Nacional de Electricidad (ANDE), has signed a Memorandum of Understanding (MoU) with infrastructure firm Morphware to launch a government‑run Bitcoin mining program powered by thousands of confiscated mining machines and surplus hydroelectric power. Related Reading: Bitcoin Slides Again as Iran War Jitters Hit BTC, Risk Assets What Does This Entail? In a first‑of‑its‑kind move, Paraguay state power company is about to become a Bitcoin miner. ANDE has signed a formal agreement with Morphware to to build a state‑run mining program that uses two things the country already has in abundance: seized mining rigs and cheap hydroelectric power from the Itaipú dam. In practice, ANDE will host and own the mining operations source: https://www.newsbtc.com/news/bitcoin/paraguay-to-mine-bitcoin-with-30000-seized-rigs/

Bitcoin’s short-term structure stabilizes, but caution persists. source: https://ambcrypto.com/bitcoin-shorts-still-dominate-btc-but-buyers-are-fighting-back/

The US Senate advanced a housing bill with bipartisan support that would bar the Federal Reserve from issuing a CBDC until the end of 2030. source: https://catenaa.com/industries/real-estate/us-senate-housing-bill-with-cbdc-ban-advances/

Jensen Huang said Nvidia’s US$30 billion investment in OpenAI is likely its last big one, because OpenAI plans to go public later this year. He also said the earlier US$100 billion plan is off the table and Nvidia’s US$10 billion investment in Anthropic will probably be its final one.

US crypto exchange Kraken has secured a limited-purpose master account from the Federal Reserve Bank of Kansas City, giving its banking unit direct access to the Fed’s core payments infrastructure in what marks a first-of-its-kind breakthrough for the digital asset industry.

A pragmatic shift: Why 2026 will be the year cryptocurrencies become "invisible".

Financial institutions can only transform the potential of AI into a sustainable competitive advantage, rather than an uncontrollable source of risk, by systematically planning from multiple dimensions such as governance, standards, technology, and compliance.

The massive scale of U.S. government spending has become a major driver of economic growth and inflation, surpassing the impact of monetary policy or private sector borrowing.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse Morning 8," issue 2986, providing you with the latest and fastest news on the digital currency and blockchain industry.

When an asset class becomes large and popular enough, its development is not solely supported by accounting strategies; the fundamental driving force behind it is always trust.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Homogeneous industries are ultimately fragile; only when different species emerge can a market truly thrive.

During the Chinese New Year holiday, a discussion about the concept of "Web 4.0" sparked a heated debate on Twitter.