Kraken becomes first crypto firm to buy a EU bank
Kraken’s parent, Payward, agreed to acquire Lithuania-based Saldo Bank for an undisclosed amount. If regulators approve the deal, Payward would gain an EU banking license and become the first crypto firm to buy a European bank. Saldo had $180 million in assets at the end of 2025, and the deal is expected to close in 2027. Read more →
BofA fined $1.2 billion over money laundering violations
The U.S. Treasury hit Bank of America (BAC) with more than $1.2 billion in penalties after regulators said it failed for years to report over $5 billion in suspicious transactions. The bank admitted willfully violating Bank Secrecy Act rules. So enough with all the hand-wringing about crypto aiding criminal activity…
OpenAI in talks to acquire crypto-focused cyber firm Trail of Bits
Reporting from The Information reveal OpenAI's preliminary discussions to buy Trail of Bits, a 40-person firm founded in 2012 that's renowned for auditing open-source software and hundreds of blockchain systems. The two already teamed up in June on the Patch the Planet initiative, using AI models to find and fix vulnerabilities in projects. This potential deal underscores AI companies' growing need for strong security as they tackle risks in software and digital assets, though talks could still end without agreement.
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