Japanese Yen Stablecoin Issuer JPYC Signs Strategic Cooperation Memorandum of Understanding with Sony Bank

Crypto hedge fund Split Capital announces it is closing, and founder Ebtikar has transitioned to join stablecoin company Plasma

Crypto hedge fund Split Capital’s founder Zaheer Ebtikar announced the closure of the fund and is switching to become Chief Strategy Officer at stablecoin company Plasma. He believes the crypto hedge fund business model is no longer viable, mainly due to the impact of traditional financial institutions launching digital asset ETFs, which led to a sharp drop in demand. At the same time, crypto venture capital has also been squeezed out, and major coin prices have fallen by nearly 50%.

Global payments platform Paysafe launches a crypto payments solution that supports stablecoins and major cryptocurrencies

Gate News update, April 7, global payments platform Paysafe announced the launch of a "Pay with Crypto" crypto payment solution, mainly targeting the U.S. iGaming and daily fantasy sports markets, enabling users to fund their accounts using stablecoins and major cryptocurrencies. Data shows that about 70.4 million U.S. adults hold cryptocurrencies, and 83% of players are interested in crypto payments. Users can complete payments by connecting a crypto wallet or scanning a QR code, and the system will automatically complete the fiat conversion after the transaction is confirmed.

Argentina’s financial institutions test JPMorgan’s deposit token JPM Coin; Banco CMF has confirmed its participation

Gate News message, April 7: in Argentina, multiple domestic banks have already begun testing JPM Coin, a deposit token from JPMorgan Chase. JPM Coin is a deposit token product designed by JPMorgan Chase specifically for institutional users. At present, Banco CMF has confirmed that it is one of the financial institutions participating in the tests. The institution plans to apply JPM Coin to its backend settlement workflows to improve settlement speed and efficiency.

PlutonAI Joins Forces With Ispoverse to Transform AI Agents in Gaming

PlutonAI has partnered with Ispoverse to integrate AI agents into gaming, enhancing user experience by automating DeFi strategies through gameplay. This collaboration aims to merge AI, gaming, and blockchain technology for a more engaging and educational platform.

Circle CEO plans to visit South Korea next week to meet with banks and exchanges, pushing for USDC adoption

Circle CEO Jeremy Allaire plans to visit South Korea in April to meet with executives from multiple banks and exchanges to discuss USDC use cases, international payments cooperation, and its KRW stablecoin plans, with the goal of expanding USDC’s use in the Korean market.

XRP Whales Accumulate as Ripple Executives Head to Key XRPL Event in Japan

XRP has gained 5% from a support level of $1.28 due to increased whale accumulation, with large holders now buying over 11 million XRP daily. Ripple executives are attending a significant XRPL event in Japan, though broader market sentiment remains cautious amid geopolitical tensions.