Kraken unveils Bitcoin Vault, expanding yield push for BTC holders
Kraken launched Bitcoin Vault, a new yield product letting BTC holders earn bitcoin-denominated rewards through DeFi protocols like Aave and Morpho without selling their holdings. Powered by Veda and operated by Sentora, the offering targets long-term holders seeking passive income. Kraken's broader DeFi Earn platform has surpassed $240 million in assets since January, reflecting growing demand for yield-generating strategies beyond spot trading.
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SoFi brings bank-issued stablecoin to 15 million users in crypto push
SoFi launched SoFiUSD, a dollar-backed stablecoin on Ethereum and Solana, becoming the first U.S. national bank offering stablecoins directly to retail customers. Nearly 15 million SoFi members can now trade and hold the token, redeemable 1:1 for dollars. The move signals traditional finance's push into blockchain payments as banks compete with crypto-native issuers like Tether and Circle for market share.
IREN shares jumps on $1.6 billion Dell deal to expand AI cloud business
IREN shares jumped 4% after securing a $1.6 billion Dell deal for Blackwell AI systems to expand cloud infrastructure at its Texas facilities. The agreement supports a $3.4 billion five-year AI contract, projected to boost annualized revenue from $3.7 billion to $4.4 billion by 2027. Deployment begins early 2027, positioning IREN as a key AI infrastructure player amid surging compute demand.