Tennessee Bankers Association Taps Stablecore for Crypto infrastructure

The Tennessee Bankers Association (TBA), a trade group representing the state’s commercial banks, has selected Stablecore as a preferred technology provider for digital asset services, highlighting growing interest among regional lenders in crypto infrastructure. In a Tuesday announcement, the TBA said Stablecore will provide infrastructure that enables community and regional banks to offer products such…

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Kraken Enables Crypto-to-Cash Withdrawals via MoneyGram

Kraken has teamed up with MoneyGram to let users convert crypto into cash for pickup across more than 100 countries, expanding access to off-ramps through its global retail network. According to Tuesday’s announcement, Kraken users will be able to convert digital assets into local currency and collect cash instantly or near-instantly through MoneyGram’s payout network, which supports hundreds…

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OpenAI Just Upgraded ChatGPT’s Default Model—Here’s What GPT-5.5 Instant Actually Does

In brief GPT-5.5 Instant replaces GPT-5.3 Instant as ChatGPT’s default model starting today, rolling out to all users for free. The model produced 52.5% fewer hallucinated claims than its predecessor on high-stakes medical, legal, and financial prompts in OpenAI’s internal tests. GPT-5.5 Instant is the first Instant-tier model OpenAI classifies as “High Capability” in both…

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Pennsylvania Sues Character.AI Over Chatbot Posing as Licensed Psychiatrist

In brief Pennsylvania is suing Character.AI, alleging that the chatbot posed as a licensed psychiatrist using an invalid license number. The state says the chatbot presented fake medical credentials. The case adds to legal scrutiny of the platform, which already faces mounting lawsuits. Pennsylvania has filed a lawsuit against generative AI developer Character.AI, alleging the…

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US Prosecutors Ask Judge to be Lenient on ex-Celsius Exec, Citing Cooperation

Federal prosecutors are recommending a light sentence for Roni Cohen-Pavon, the former chief revenue officer of defunct cryptocurrency lending platform Celsius. In a Monday letter filed in the US District Court for the Southern District of New York (SDNY), US Attorney Jay Clayton cited Cohen-Pavon’s “substantial assistance” to the government, by being prepared to testify…

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French Chipmaker Sequans Dumps Half Its Bitcoin as Treasury Hype Meets Reality

In brief Sequans Communications sold 1,025 Bitcoin during Q1 2026 after kicking off its accumulation strategy last summer. Revenue plunged 24.8% year-on-year to $6.1 million as operating losses ballooned to $50.5 million. Of its remaining Bitcoin, 817 BTC is pledged as collateral for $35.9 million in convertible notes due June 1. Paris-based chipmaker Sequans Communications…

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