Cryptocurrency platform Paybis has successfully obtained two significant licenses from Latvia's central bank, including one for crypto-asset services under the European Union's Markets in Crypto-Assets Regulation (MiCA) and another for payment institution operations under the Payment Services Directive 2 (PSD2). According to Cointelegraph, these licenses were granted by the Supervision Committee of Latvijas Banka on May 12 to SIA Paybis Europe, the company's EU entity. Paybis is now the third company in Latvia to receive a MiCA CASP license, as confirmed by the central bank. The MiCA license encompasses custody and administration of crypto assets on behalf of clients, exchange of crypto-assets for funds or other crypto assets, execution of orders, transfer services, and crypto asset advisory, as stated by Latvijas Banka. Additionally, the PSD2 payment institution license allows Paybis's EU entity to execute payments and make transfers to payment accounts. Paybis CEO and co-founder Innokenty Isers highlighted that the dual licensing enables the firm to offer a broad, future-focused range of services, including stablecoin operations. Konstantins Vasilenko, co-founder and chief business development officer of Paybis, explained to Cointelegraph that the company is targeting business clients with a white-label crypto infrastructure stack. This stack includes on/off-ramps, buy/sell/swap, payment acceptance, and stablecoin payouts, all delivered through a single API. This approach allows companies to offer crypto services to their customers without building their own regulated setup. Vasilenko emphasized that the combination of MiCA CASP authorization and PSD2 PI licensing is crucial as it connects crypto asset services with regulated payment rails. Founded in 2014, Paybis supports 90 cryptocurrencies and serves seven million users across 180 countries. It also holds money services business licenses in the US and Canada. Meanwhile, the European Union is considering the evolution of its MiCA crypto regulation. In April, a European Commission adviser indicated that the regulation is likely to evolve, with plans for a public consultation to assess its effectiveness for market participants. Speaking at Paris Blockchain Week 2026, Peter Kerstens noted that it would be unusual if there were no "MiCA 2" eventually, as EU financial legislation typically develops in stages. This discussion arises amid increasing scrutiny and opposition from the crypto industry, with stablecoin issuer Circle challenging euro stablecoin thresholds and policymakers debating centralized supervision of major crypto firms under the European Securities and Markets Authority.

Ella Zhang, Managing Partner and Head of YZi Labs, will join Danosch Zahedi, CEO of The Block Global, for a discussion on the convergence of blockchain, AI, and emerging technologies. YZi Labs posted on X. The conversation is set to take place on Binance Live, focusing on the integration of these technologies and their potential impact on the industry. The session aims to explore how blockchain and AI can drive innovation and shape the future of technology.

Fireblocks has announced a partnership with Iagon to facilitate institutional access to ADA within the Cardano ecosystem. According to NS3.AI, this collaboration will enable institutions to utilize ADA for staking, participate in on-chain governance voting, and manage native tokens within Fireblocks' secure infrastructure.

Evernorth Holdings is currently experiencing an unrealized loss of approximately $389 million on its XRP holdings. According to NS3.AI, the firm invested around $950 million in XRP during the fall of 2025, acquiring the cryptocurrency at an average price of $2.44 per coin. However, the market experienced a significant downturn shortly after these acquisitions, impacting the value of their investment.

U.S. senators have submitted over 100 amendments ahead of the Senate Banking Committee's Clarity Act markup session scheduled for tomorrow. According to NS3.AI, these proposals include measures to increase liability for software developers, regulate decentralized finance (DeFi) front-ends, and broaden Anti-Money Laundering (AML) requirements. The DeFi Education Fund has called for urgent lobbying efforts, warning that the proposed changes could significantly threaten the U.S. DeFi ecosystem.

The U.S. Senate Banking Committee is set to review numerous amendments to the Digital Asset Market Clarity Act during Thursday's markup session. According to NS3.AI, the proposed changes address various aspects such as protections for decentralized finance (DeFi), safe harbors for software developers, limits on stablecoin yields, and conflict-of-interest regulations for senior officials. Despite the extensive list of amendments, most are not expected to pass. The bill is anticipated to advance out of the committee this week. However, Democrats, including Senator Kirsten Gillibrand, have indicated that the legislation will not pass the Senate without the inclusion of an ethics provision.

The Bank of Canada has stated that artificial intelligence has not resulted in widespread unemployment in the country. According to Jin10, the central bank's assessment indicates that while AI technologies are advancing, they have not yet caused significant job losses across Canada. The Bank of Canada continues to monitor the impact of AI on the labor market, ensuring that any potential disruptions are addressed effectively.

The Bank of Canada has stated that the widespread adoption of artificial intelligence could enhance productivity, leading to wage increases, cost savings, and a reduction in inflationary pressures. According to Jin10, the central bank highlighted the potential economic benefits of AI, suggesting that its integration into various sectors could drive efficiency and growth. The Bank of Canada emphasized that AI's impact on productivity could be significant, potentially transforming industries and contributing to economic stability.

Investment, Venture Capital, Goldman Sachs' Latest Commodities Methodology: A Beginner's Guide to Commodities for Portfolio Managers (Jinse Finance, Seize the Present, Invest in the Future)

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

AI is beginning to truly possess identities, wallets, and assets, and is existing as a native participant in the financial system.

It's not just about "making blocks bigger and gas cheaper," but about redefining how users use Ethereum through their wallets.

Kevin Warsh has been facing a crisis even before he has officially taken office as Chairman of the Federal Reserve.

Only three companies worldwide can produce HBM4, and one of them will be shut down for 18 days. Micron, as the only supplier with a factory in the United States, will be the biggest beneficiary.

On May 11, Google's Threat Intelligence team (GTIG) released a quarterly threat intelligence report that documented something that had never happened before.

eBay has firmly rejected GameStop’s ambitious $55.5 billion to acquire the company, dimissing the offer as "neither credible nor attractive" and reigniting intense debate over whether GameStop's growing Bitcoin strategy can realistically sustain itself.

Meta Platforms is offering rival AI chatbots one month of free access to WhatsApp in Europe to address antitrust concerns raised by the European Commission. The move aims to avoid a potential fine of up to 10% of its global revenue while both sides try to reach a quick agreement.

In April 2026, a Hong Kong stock announcement by Newfire Group brought Huobi founder Li Lin back into the market spotlight.