Four-hour briefing · 4 items
Fintech Briefing: Institutional Crypto Derivatives, Digital Asset Tax Reform, and Enterprise AI
- Marex Launches Cash-Settled Crypto Derivative for Institutional Investors
Marex has introduced an OTC rolling spot crypto derivative offering long or short digital asset exposure without requiring direct custody, wallets, or private keys. Designed for hedge funds and asset managers, the cash-settled instrument operates alongside Marex's Neon Crypto application.
- US Lawmakers Propose ADAPT Act to Update Digital Asset Taxation
Republican Senator Steve Daines has introduced the ADAPT Act to reform tax rules for digital assets alongside co-sponsors Cynthia Lummis, Bernie Moreno, and Tim Scott. The bill provides tax exemptions for everyday stablecoin payments and minor network fees while extending traditional wash sale and constructive sale rules to crypto.
- Block Initiates Ad Push to Drive Consumer Bitcoin Transactions
Block has rolled out a multi-channel advertising campaign running through December 31 to encourage consumers to use bitcoin as everyday currency. The campaign spans social media platforms, cinema screenings, and television broadcasts on Fox Sports under the slogan 'Some things don't make sense. Bitcoin does.'
- Microsoft Releases Real-Time Voice AI Models for Customer Support
Microsoft has introduced three artificial intelligence models targeting contact centers, multilingual digital assistants, and real-time transcription. The suite includes the MAI-Transcribe-2-Streaming speech-to-text model alongside the MAI-Voice-2.1 and MAI-Voice-2.1-Flash text-to-speech engines.
Marex Launches Cash-Settled Crypto Derivative for Institutional Investors
Marex has introduced an OTC rolling spot crypto derivative offering long or short digital asset exposure without requiring direct custody, wallets, or private keys. Designed for hedge funds and asset managers, the cash-settled instrument operates alongside Marex's Neon Crypto application.
US Lawmakers Propose ADAPT Act to Update Digital Asset Taxation
Republican Senator Steve Daines has introduced the ADAPT Act to reform tax rules for digital assets alongside co-sponsors Cynthia Lummis, Bernie Moreno, and Tim Scott. The bill provides tax exemptions for everyday stablecoin payments and minor network fees while extending traditional wash sale and constructive sale rules to crypto.
Block Initiates Ad Push to Drive Consumer Bitcoin Transactions
Block has rolled out a multi-channel advertising campaign running through December 31 to encourage consumers to use bitcoin as everyday currency. The campaign spans social media platforms, cinema screenings, and television broadcasts on Fox Sports under the slogan 'Some things don't make sense. Bitcoin does.'
Microsoft Releases Real-Time Voice AI Models for Customer Support
Microsoft has introduced three artificial intelligence models targeting contact centers, multilingual digital assistants, and real-time transcription. The suite includes the MAI-Transcribe-2-Streaming speech-to-text model alongside the MAI-Voice-2.1 and MAI-Voice-2.1-Flash text-to-speech engines.