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UK Data Protection Regulator Launches Inquiry into xAI

2 hours ago

On February 3, the UK’s data protection regulator launched an investigation into Elon Musk’s xAI, ramping up scrutiny over the AI chatbot Grok’s use to generate and share personalized images of individuals. The UK Information Commissioner’s Office (ICO) said in a Tuesday statement that the formal probe will focus on whether xAI improperly processed personal data when creating these images. Last month, Grok sparked strong public and political backlash after X users coerced the chatbot into generating AI images of real people without their consent. Earlier Tuesday, French law enforcement raided X’s office in Paris. The ICO noted it has the power to impose a maximum fine of £17.5 million (around $24 million) on xAI, or 4% of the company’s global annual revenue—whichever is higher. (Source: Golden Finance)
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Speaker of the House of Representatives: Will approve advancing relevant legislation on Tuesday to end brief U.S. government shutdown

On February 3, U.S. House Speaker Johnson announced the House will vote to advance relevant legislation to end the brief government shutdown on Tuesday. (FX678)

7 minutes ago

Ondo Launches Real-Time On-Chain Trading Service for US Stock IPOs

On February 3, official sources confirm that Ondo has launched a Global Listing service designed to onboard U.S. stock IPOs onto the blockchain nearly instantaneously—enabling trading on mainstream blockchains via the Ondo Global Markets platform from day one. Going forward, wallets, exchanges and blockchains will be able to offer their global users access to on-chain IPOs on launch day. The tokenized stocks are permissionless, transferable and built for composability—similar to stablecoins—while being compatible with the most widely adopted blockchain ecosystems.

7 minutes ago

US Stock Market Indexes Extend Losses, Nasdaq Down 1%

On February 3rd, Bitget market data shows U.S. stock indices extended losses: the Nasdaq dropped 1%, while the S&P 500 fell 0.48%.

7 minutes ago

Predictive Market Platform Tool Kairos Raises $2.5M in Funding, Lead by a16z Crypto

February 3 — Kairos, a trading terminal built for predictive market users, announced it has raised $2.5 million in funding, led by a16z Crypto with participation from Geneva Trading, the University of Illinois, and other angel investors, per Fortune. Co-founders Jay Malavia and Zayd Alzein are targeting users by integrating two top prediction markets — Kalshi and Polymarket — and offering a fast, customizable dashboard. On Kairos, clients can view real-time trades from both platforms in one interface and receive real-time news alerts tied to those trades. Kairos claims its platform is 2-3 seconds faster than Kalshi or Polymarket’s own interfaces. The terminal has already integrated Kalshi and Polymarket, with plans to add more trading platforms soon.

7 minutes ago

Y Combinator to Offer Stablecoin Funding Option for Startups Starting Spring 2026

On February 3, The Block reported that Y Combinator (YC)—Silicon Valley’s most prominent startup accelerator—will let startups raise funds via stablecoins, marking the first time the institution has offered this option to founders. Nemil Dalal, YC’s crypto-focused Access Partner, disclosed that starting with the Spring 2026 cohort, any YC-backed startup— not just crypto-native or crypto-related firms—can choose stablecoin payments. Dalal noted YC will provide USDC funding across key blockchains: Ethereum, Base, and Solana. YC said the move comes as stablecoins have hit a so-called “regulatory inflection point” after the U.S. passed the GENIUS Act. The accelerator believes stablecoin transfers are faster and cheaper than traditional fiat channels, making them ideal for founders with cross-border operations.

7 minutes ago

Payward, Kraken's parent company: 2025 Full-Year Revenue Up 33% Year-on-Year

Feb. 3 (CoinDesk) — Kraken parent company Payward said its trading volume rose 34% year over year to $2 trillion, while adjusted revenue grew 33% in 2025. Transactional revenue accounted for 47% of its $2.2 billion in total revenue, with the remainder coming from non-trading businesses including custody, payments, and financing. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) climbed to $531 million, representing a 26% margin. The 15-year-old firm filed a confidential draft U.S. IPO registration statement last November, noting it plans to split its consumer-facing products from its infrastructure operations — a strategy it likens to tech giants Alphabet (GOOG), Meta (META), and Amazon (AMZN).

7 minutes ago

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