JPMorgan Chase New York Recruits Vice President of Crypto Research

At the opening of the US stock market, the Dow Jones Industrial Average rose 126 points, the Nasdaq rose 36 points, and the S&P 500 index rose 0.1%.

According to CoinDesk, Mastercard Transaction Services (U.S.) LLC, a subsidiary of Mastercard, has been granted a BitLicense by the New York State Department of Financial Services (NYDFS) to conduct digital asset related businesses in New York State. This move is part of its strategy to build a blockchain based payment and clearing infrastructure, with a focus on stablecoins and tokenized deposits. The New York BitLicense requires licensed institutions to meet strict standards in terms of capital, cybersecurity, compliance, and consumer protection.

The payments giant said the approval supports its push into stablecoins and blockchain-based settlement infrastructure. What to know : Mastercard has secured a New York BitLicense, allowing it to conduct digital asset activities under one of the toughest crypto regulatory regimes in the United States. The approval advances Mastercard’s strategy to build blockchain-based payments and settlement infrastructure, with a particular focus on stablecoins and tokenized deposits. The move highlights how major payment networks are preparing for a financial system in which blockchain-based rails operate alongside, rather than outside, traditional banking systems.

[Polymarket Implements KYC to Address Compliance Pressure] According to The Information, prediction market Polymarket is facing regulatory and compliance pressures and plans to require traders to undergo identity verification (KYC) to reduce legal risks. Despite restrictions on related activities in certain regions, users continue to participate in market trading through automated trading tools, creating gray pathways in areas like Russia. Some developers are leveraging tools like Telegram to organize traffic and expand the user base. As the platform grows and regulatory scrutiny increases, Polymarket is striving to strike a balance between decentralization and compliance.

According to market news, the Heima team has submitted an on chain proposal to destroy 165 million HEI from ecosystem allocation.