Bitget has completed its New Zealand financial services registration covering five business areas as the crypto exchange expands its tokenized and direct U.S. stock products.

Bitget said its entry in New Zealand’s Financial Service Providers Register covers foreign currency exchange, domestic and cross-border money transfers, client asset custody, portfolio and money management, and the execution of financial products or foreign exchange transactions for clients. Bitget announced the registration on July 23.

We are happy to announce that Bitget is now officially registered as a Financial Service Provider on New Zealand’s Financial Service Providers Register (FSPR).

The registration forms part of Bitget’s work to build the operational and compliance infrastructure required for its… pic.twitter.com/usCAu8Pyea

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— Bitget TradFi (@Bitget_TradFi) July 23, 2026

Alongside the registration, the exchange has joined the Insurance and Financial Services Ombudsman Dispute Resolution Scheme. The IFSO Scheme describes its service as an independent, fair and free channel through which consumers can pursue complaints against participating financial service providers.

Registration on the FSPR does not, by itself, mean that Bitget is licensed or regulated in New Zealand. New Zealand’s Companies Office states that registration neither represents government approval nor guarantees that a provider is subject to active supervision.

According to the Companies Office, certain financial services also require a license from the Financial Markets Authority or the Reserve Bank of New Zealand. Bitget’s announcement identified its registered service categories but did not disclose a separate New Zealand license from either authority.

Registration covers trading, custody and money transfers

Under its registered scope, Bitget can provide foreign exchange services and transfer money within New Zealand or across national borders. The company’s announcement also included holding and safeguarding client assets, managing portfolios and executing transactions in products such as stocks and exchange-traded funds.

Joining the IFSO Scheme adds a formal complaint process alongside those services. New Zealand’s FSPR guidance states that providers serving retail clients generally must belong to an approved dispute resolution scheme unless an exemption applies.

Bitget presented the registration as another part of its compliance network, citing its Digital Asset Service Provider license in El Salvador and authorization from South Africa’s Financial Sector Conduct Authority. The exchange said those approvals support its operations under separate national rules.

However, Bitget follows different access policies in markets where it lacks local approval. In a July 22 notice, the exchange confirmed that it is not licensed, approved, registered, authorized or supervised by the Monetary Authority of Singapore.

The Singapore notice also states that Bitget does not make its services available to people in the country, solicit Singapore residents or direct offers toward them. Singapore remains listed as a prohibited country under the exchange’s terms, with platform access restricted from the jurisdiction.

Commenting on Bitget’s regulatory approach, CEO Gracy Chen said:

“As Bitget continues to expand globally, we will remain committed to meeting local regulatory requirements and building a trusted platform for our users.”

Singapore’s MAS uses its Investor Alert List to identify businesses that consumers could mistakenly view as regulated by the authority. As crypto.news reported, MAS added decentralized exchange Hyperliquid to the list in June 2026, after which Hyperliquid stated that it had never claimed to possess approval from the regulator.

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Tokenized stocks support Bitget’s expansion plans

Bitget’s New Zealand registration comes as the exchange builds two routes into U.S. equity markets. Its rToken product provides tokenized economic exposure to selected U.S. stocks and ETFs, while Stock+ gives eligible users broker-style access to real securities through licensed partners.

According to Bitget’s product documentation, rTokens are issued by Reality and designed to carry 1:1 backing through shares held in custody. The tokens track assets such as Nvidia, Apple, Tesla and the SPDR S&P 500 ETF, although holding one does not provide the same ownership structure as buying a registered share through a traditional brokerage account.

Bitget says the rToken lineup covers more than 500 mainstream U.S. stocks and ETFs, with selected products available around the clock. Supported tokens can also be used in certain margin, collateral, lending and trading strategies, subject to product and regional rules.

Stock+ serves a different market by offering more than 10,000 U.S.-listed stocks and ETFs. Bitget’s documentation states that the service supports fractional holdings from 0.0001 shares, dividend payments and trading during U.S. market sessions, while access depends on a customer’s location and eligibility.

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The exchange is also preparing to return to the United States after dropping an earlier expansion effort following FTX’s 2022 collapse and the enforcement pressure that followed. As crypto.news reported on July 22, Chen said Bitget intends to enter the market regardless of whether Congress passes the CLARITY Act.

Before offering U.S. services, Chen said the company plans to establish an independent local entity and pursue money-transmitter, derivatives and broker-dealer approvals. Bitget has not provided a launch date, making its entry dependent on completing the required approval processes.

Chen also told crypto.news that tokenized traditional assets accounted for 20% to 30% of Bitget’s spot trading volume during the previous quarter. According to her figures, 52% of its users held both stocks and cryptocurrencies, while Bitget’s tokenized-stock products had accumulated more than $100 million in assets.

With the New Zealand registration now complete, Bitget has added another jurisdiction to its financial-services network while keeping product access tied to local rules. Its progress in the United States will depend on obtaining separate approvals, just as its Singapore restrictions remain in force without MAS authorization.

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A new U.S.-focused economic study argues that the domestic crypto sector is already delivering a measurable real-economy footprint—from jobs to consumer spending—estimating that salaries, worker spend and output will contribute $55 billion this year. The analysis was released Wednesday by the Pragmatic Policy Group on behalf of the National Cryptocurrency Association (NCA), an organization backed by Ripple Labs.

According to the report, the industry’s total impact is calculated through direct, indirect and induced employment, meaning not only workers employed by crypto firms, but also jobs supported elsewhere in the economy due to crypto-related activity.

Key takeaways

• The NCA-linked study estimates crypto contributes $55 billion to the U.S. economy in the current year through direct, indirect and induced effects.
• Crypto companies are said to directly employ about 34,000 people, while the broader industry supports 232,000 jobs across the U.S.
• The report highlights particularly large contributions tied to securities and commodity contracts ($9.7 billion) and housing/real estate ($4.8 billion).
• States with the most industry-related employment include Texas, Washington, North Carolina, California and New York, while the report points to Colorado and North Dakota as fast-growing or infrastructure-oriented hubs.
• The same period has also seen multiple crypto-linked shutdowns, underscoring that industry scale and project-level viability do not necessarily move in tandem.

How the study measures crypto’s U.S. footprint

The report’s main headline is the projected $55 billion economic contribution to the United States this year. It frames the impact in economic terms tied to workforce effects—jobs created or sustained by crypto activity ripple outward as spending and production elsewhere increase.

On the employment side, the NCA estimates that about 34,000 people are directly employed by crypto companies. That figure is positioned as a comparatively small share of a much larger total: the study claims crypto activity supports 232,000 jobs across the broader economy when indirect and induced employment are included.

The report also includes sector-level emphasis. It identifies investments in securities and commodity contracts as among the largest contributors at $9.7 billion. It further states that housing and real estate together account for $4.8 billion in contributions.

To help contextualize the scale of direct employment, the study compares the number of people working directly in crypto to employment levels in other manufacturing and aerospace segments, citing U.S. Bureau of Labor Statistics data.

Where crypto jobs are concentrated—and why some states stand out

Geography matters in the report. It says the states employing the most people involved in the industry are Texas, Washington, North Carolina, California and New York. Those findings align with the broader pattern that U.S. crypto labor demand tends to concentrate in large and financially significant states.

At the same time, the report draws attention to states it describes as gaining momentum. It calls Colorado a “growing blockchain hub,” attributing the development to friendly regulatory policies. For North Dakota, the report characterizes the state as “becoming an energy-integrated digital infrastructure hub,” pointing to tax treatment for crypto mining and favorable flare gas policies.

For investors and builders, the practical value of this kind of regional analysis is that it can hint at where talent, infrastructure, and compliance pathways may be converging. Still, the figures reflect an economic model rather than a real-time census, so readers should treat them as a snapshot of estimated impact rather than a precise headcount of every role touching crypto.

NCA’s origins and Ripple’s involvement

The NCA itself launched in March 2025 as a non-profit focused on consumer crypto education. In the report’s framing, the group received $50 million in backing from Ripple, and the organization’s leadership lists Stuart Alderoty, Ripple’s chief legal officer, as the head of the group.

That background matters because it helps explain the policy and communications context of the study. The report is presented as an economic assessment but produced through a policy group on behalf of an industry-backed association—an important consideration for readers who want to weigh the methodology and incentives behind any advocacy-adjacent research.

Economic scale does not prevent project shutdowns

While the economic study argues crypto’s broader contribution is growing, 2026 has also brought shutdown announcements from several projects—highlighting a tension between macroeconomic claims and the reality of operational challenges inside the sector.

Earlier in the year, the report references multiple crypto-linked wind-downs. Entropy, a New York-based startup, said in January that it would shut down after four years of operation. Dmail, a decentralized email platform based in Singapore, began ceasing operations in May, according to coverage cited by the source article, pointing to costs such as bandwidth, storage and computing.

In addition, the source indicates that governance-focused platform Tally and Balancer Labs also shuttered in March. While these developments are not the same thing as a sector-wide contraction, they do reinforce that individual teams can face scaling and market-condition pressures even when the industry’s economic footprint appears to be expanding.

For users, the practical takeaway is that employment and ecosystem size do not automatically translate into long-term product continuity. For builders and investors, it’s a reminder to scrutinize runway, unit economics, and infrastructure costs—especially for applications with compute or storage-heavy requirements.

Going forward, the key question for readers is whether future reporting from the NCA and similar research efforts will consistently show the same employment and output patterns as more projects attempt to scale—or whether shutdowns will increasingly concentrate around the same business models. The next signal to watch is how regional job gains and sector contributions evolve alongside project-level survival and the broader regulatory environment.

Coinbase is rolling out new infrastructure aimed at “agentic” finance, expanding its business tools so companies can accept stablecoin payments from autonomous AI agents. The move centers on USDC transfers using the x402 payment standard, an HTTP-based approach introduced by Coinbase earlier this year to make stablecoin payments workable for agents, applications, and APIs.

In an announcement posted to X on Thursday, Coinbase said its Business customers will be able to receive USDC payments from AI agents through x402, alongside new AI trading capabilities that allow users to monitor orders, pull live market data, and trigger actions based on predefined conditions.

Key takeaways

• Coinbase Business will support receiving USDC payments from AI agents via the x402 standard.
• x402 was launched in May 2025 to enable stablecoin payment workflows over HTTP for agent and developer use cases.
• The update also includes AI trading tools for order monitoring, live market data access, and condition-based execution.
• Coinbase frames the changes as part of broader infrastructure needed for autonomous agents to manage payments and finance.
• The rollout arrives as exchanges and payment firms increasingly market stablecoins and blockchain payments for AI agent ecosystems.

USDC payments for AI agents through x402

The practical heart of Coinbase’s update is x402, a payment standard designed to connect stablecoin payment flows with common internet protocols. According to Coinbase’s announcement, the company will enable Coinbase Business users to accept USDC payments initiated by AI agents through x402.

Coinbase first introduced x402 in May 2025, positioning it as a way to support stablecoin payments over HTTP for AI agents, software applications, and APIs. By placing USDC payment acceptance behind a developer-friendly standard, Coinbase is effectively lowering the friction for businesses that want to integrate with agent-driven commerce without relying on traditional, human-centric payment workflows.

Beyond payments: AI trading tools and a developer kit

Coinbase’s Thursday post did not limit the announcement to payments alone. The company also previewed AI trading tools intended to give users more automated control over trading operations. Coinbase said users will be able to monitor orders, access live market data, and execute actions when predetermined conditions are met.

For developers, Coinbase additionally described a software development kit (SDK) for building agent-powered applications. That matters because payments and trading are only useful to autonomous systems if they can be integrated reliably into software. An SDK paired with an HTTP-based payment standard suggests Coinbase is aiming to make agent integrations more repeatable for teams building real products—not just demonstrations.

Why Coinbase says the “agentic economy” needs new infrastructure

Coinbase framed the initiative as support for the “agentic economy,” where AI agents can perform tasks such as making payments and managing finances on behalf of users. The company’s argument is that the existing financial internet was designed around a human making choices through interfaces—clicking buttons, confirming actions, and manually initiating steps.

Coinbase also pointed to an adoption signal: it said agent-generated traffic on its Base documentation pages surpassed human traffic for the first time last month. While that doesn’t automatically prove consumer adoption, it does underline a shift in how developers and systems are interacting with technical resources—an important backdrop for tools that are meant to be used programmatically by agents rather than by people.

At the same time, Coinbase acknowledged the gap it’s trying to close: financial infrastructure built on the assumption of human button-clicks leaves businesses, developers, and users without tooling designed for AI agents to act autonomously in payment and finance workflows.

Stablecoins and blockchain payments move closer to agent workflows

The Coinbase announcement lands as the broader industry increasingly treats stablecoins and blockchain-based payments as infrastructure for AI agents. The announcement explicitly points to this trend, noting that stablecoin payments are being marketed for emerging autonomous agent ecosystems.

Earlier coverage from Cointelegraph has highlighted the growing interest from exchanges and payment companies in agent-focused commerce. In particular, Cointelegraph previously reported on an OKX AI marketplace narrative aimed at an “autonomous agent economy,” as well as Crossmint’s initiatives tying agent-driven experiences to card payment rails.

What’s notable in Coinbase’s approach is the emphasis on a standardized, API-friendly payment method. Instead of treating payments as a black-box checkout flow, Coinbase is attempting to make payment acceptance compatible with agent decision-making—especially when agents need to initiate transfers and coordinate actions without a human in the loop.

What to watch next

For businesses considering agent integrations, the next questions are likely to be practical: how widely x402 support is rolled out, what implementation details developers will need to adopt the standard for USDC acceptance, and how Coinbase’s condition-based AI trading tools perform for real workflows. As agent traffic grows, the value of these updates will hinge on reliability and ease of integration for payments and execution beyond documentation and pilots.

“We are delivering that experience for the new online agentic economy,” Coelho-Prabhu said in an interview. “Agents, on one side of the transaction, will go and read the Coinbase developer docs, create a wallet for themselves, and are ready to shop. Then we empower businesses so that everything in their inventory is now available on the internet through this agent-friendly checkout flow.”

For users of the exchange, they can get an easier command of crypto markets with a live order list that streams an agent’s open and active orders in real time, showing status, price, and size so the user can supervise every move, Coinbase said in a press release.

This will put agentic trading at the user’s fingertips, with the agent getting real-time market data and the ability to act on conditions autonomously. “Tell it what you want in plain English – ‘buy ETH if it dips 5%,’ ‘sell when my order fills’ – and it watches the market and executes for you. The same WebSocket data that powers institutional desks is now accessible through natural language,” Coinbase said.

In addition, for developers there’s a new x402 SDK from Coinbase Developer Platform, builders can now add x402 payment acceptance to any API, MCP server, or web service in 3 lines of code.

Coinbase is expanding its push into AI-powered finance, enabling businesses to accept USDC payments from autonomous AI agents as part of a broader expansion of its payment, trading and developer tools.

According to a Thursday X post, Coinbase Business users will be able to accept USDC (USDC) payments from AI agents through the x402 payment standard, which Coinbase first introduced in May 2025 to enable stablecoin payments over HTTP for AI agents, applications and APIs.

The post also announced AI trading tools that let users monitor orders, access live market data, and execute actions based on predefined conditions, as well as a software development kit for developers building agent-powered applications.

Coinbase said the products are designed to support the “agentic economy,” where AI agents can make payments, manage finances and complete other tasks on behalf of users.

The company said adoption of AI agents is accelerating, noting that agent-generated traffic surpassed human traffic on its Base documentation pages for the first time last month. However, it added that the internet’s financial infrastructure was built with “one assumption: a human clicking the button,” which has left businesses, developers and users without tools designed for AI agents.

The rollout comes as companies increasingly position stablecoins and blockchain-based payments as infrastructure for AI agents, an emerging use case that several exchanges and payment companies are targeting.

Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Bitcoin (BTC) fell below $65,000 on Thursday as US stocks slid amid another round of escalation in Iran.

Key points:

• Several days of US-Iran escalation are beginning to take their toll on crypto and stock market performance.
• Bitcoin sees three-day lows under $65,000 as traders diverge on the near-term outlook.
• A 21-day moving average trend line becomes important nearby support.

Bitcoin wobbles as Iran destabilizes stocks, oil and US bond yields

Data from TradingView showed BTC/USD hitting three-day lows of $64,799 on Bitstamp.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Risk assets felt the strain on the day as US President Donald Trump warned that he would blame Iran for recent Houthi strikes on Saudi Arabian commercial vessels.

In a post on Truth Social, Trump said that he was “very disappointed” in the Houthis, referencing attacks on US ships from 2025.

Source: Donald Trump on Truthsocial.com

By the close of New York trading, the S&P 500 had fallen 1.2% and the Nasdaq had shed 2.2%, while oil prices rallied to their highest since early June, with Brent crude topping $100 a barrel.

CFDs on Brent crude oil one-day chart. Source: Cointelegraph/TradingView

“Inflation expectations and interest rates are rising sharply again,” trading resource The Kobeissi Letter wrote in a response on X.

Ahead of the Federal Reserve’s next interest-rate decision, data from CME Group’s FedWatch Tool showed an increasing chance of officials hiking by 0.25% — traditionally a headwind for crypto markets. Odds neared 40% on Thursday, while a week prior, they were closer to 12%.

Fed target-rate probability comparison for July FOMC meeting. Source: CME Group

Kobeissi, meanwhile, noted 18-month highs in US 10-year bond yields in a sign of fresh economic strain.

Related: Bitcoin will get ‘lift’ from Hyperliquid, Robinhood in next crypto bull market: Bitwise exec

BTC price analysis offers hope of $73,000

Bitcoin traders showed an increasing split over what short-term BTC price action would bring.

Commentator Exitpump argued that the Bitcoin relief rally is likely to end by late July, reinforcing an established theory that has already gained traction.

“July rally is coming to end, price is at resistance, close your longs, go short once price breaks below 65K,” they told X followers late on Wednesday.

BTC/USDT perpetual contract four-hour chart. Source: Exitpump on X.com

Others were more hopeful, with trader Jelle arguing that price was “still making progress.”

“Clear this local area and that void towards $70k opens up – could be a quick move to form the new range. Patience remains my game,” he reported.

BTC/USD chart. Source: Jelle on X.com

According to crypto trader and analyst Michaël van de Poppe, the 21-week simple moving average (SMA) at $64,073 was key.

“Theoretically, the target area for Bitcoin is reached. However, as long as this stays above the 21-Day MA, I’m sure there will be a higher valuation for Bitcoin in the near-term,” an X post on the day stated, adding:

“It’s facing the final hurdle for a big breakout, which is the $68,000 resistance zone. It’s been tested once, and this is the second test that we’ll be facing.”

BTC/USDT one-day chart. Source: Michaël van de Poppe on X.com

Van de Poppe gave a $73,000 target should bulls successfully break through resistance.

Gate founder and CEO Dr. Han has backed a human-led approach to crypto trading as millions of digital assets and tens of thousands of decentralized applications make Web3 increasingly difficult for users to navigate.

In the latest episode of the Gatecast podcast, Dr. Han argued that artificial intelligence could help traders gather information, study market signals, and make decisions without removing the need for human judgment.

🎙️ #GateCast 新一期上线｜Gate 创始人 @Han_Gate 坦白局！

🤔 合规能不能换来更强的用户信任？它会不会拖慢创新速度？拿到 #MiCA 牌照，究竟是紧箍咒，还是通往更大市场的入场券？

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猜来猜去还是不明白，不如点开精彩片段康一康 👇 pic.twitter.com/coTFHML1zD

— Gate 华语 (@Gate_zh) July 23, 2026

According to the Gate CEO, the combination of AI tools and human intelligence could offer a more effective model for trading than relying entirely on automated systems. AI can process large volumes of market information quickly, he noted, but traders must still assess that information before acting.

“AI + human intelligence” will become a more effective approach in the future, Dr. Han said.

His comments place AI in an assistant role at a time when exchanges and traders are using automated tools to scan prices, track market activity and filter information. Rather than presenting the technology as a replacement for users, Dr. Han described it as a way to reduce the effort required to find and understand crypto products.

Gatecast’s discussion also covered the difficulty of entering Web3 when users must choose among millions of tokens and tens of thousands of DApps. Dr. Han identified those choices, along with the learning required to use decentralized products, as barriers that keep potential users outside the sector.

Under his assessment, AI could become a gateway between users and the Web3 ecosystem by helping them locate relevant services and understand how those products work. Intelligent interfaces could also reduce the time users spend researching separate protocols, assets and trading tools, according to Dr. Han.

AI tools will support trader decisions

Gate is already developing several products under what the exchange calls its Intelligent Web3 strategy. Dr. Han identified Gate AI, GateClaw and Gate for AI Agent as parts of a product system designed to integrate artificial intelligence into the company’s trading ecosystem.

Through these services, Gate is using AI to simplify product interactions and reduce the amount of knowledge required before users can begin exploring Web3, according to the CEO. Dr. Han added that the exchange plans to continue developing intelligent products that make decentralized services easier to access.

His position differs from predictions that increasingly capable models could eventually remove people from financial decision-making. While Dr. Han credited AI with improving research and signal analysis, he maintained that the technology cannot fully reproduce the judgment traders apply when interpreting market conditions.

Earlier this week, Binance founder Changpeng Zhao also separated AI’s economic role from that of Bitcoin. In an X post, CZ argued that artificial intelligence can raise productivity, improve business efficiency and support technological development, while Bitcoin offers a scarce asset that cannot be expanded beyond its 21 million-coin limit.

The comparison followed JPMorgan CEO Jamie Dimon’s forecast that the AI investment cycle could attract $725 billion this year. According to CZ, companies developing AI products can issue more shares or raise capital to finance expansion, potentially diluting existing investors, whereas no company or government can increase Bitcoin’s programmed supply.

CZ also rejected the idea that rapid progress in artificial intelligence gives investors the same protection that Bitcoin may offer when fiat currencies lose purchasing power. His comments focused on the difference between investing in productivity-driven businesses and holding an asset designed around fixed supply.

Political pressure could complicate AI adoption

Dr. Han’s case for AI-assisted Web3 access comes as Washington considers how foreign models should operate in the U.S. market. As previously reported by crypto.news, parts of the Trump administration have discussed de facto restrictions on Chinese open-source models after Moonshot AI’s 2.8-trillion-parameter Kimi K3 topped a major coding leaderboard.

Axios reported that American companies have shown interest in Chinese systems because they can provide capable performance at lower prices. Open-weight models also allow businesses to download trained parameters, operate models on private servers and modify them without depending on the original developer’s platform.

People involved in the U.S. policy debate have previously considered placing Chinese AI laboratories on the Commerce Department’s Entity List, according to the crypto.news report. Such a designation could restrict access to American technology without government licenses, although earlier proposals were paused amid concerns that the restrictions could slow AI development in the United States.

Political scrutiny increased on July 22 when Michael Kratsios, director of the White House Office of Science and Technology Policy, accused Moonshot AI of using Anthropic technology to develop Kimi K3. In an X post, Kratsios claimed that information obtained by the U.S. government linked K3’s development to Anthropic’s Fable model.

Kratsios alleged that Moonshot created an internal platform capable of extracting knowledge from American models through large-scale distillation. He also claimed that the platform could change its access methods quickly, making the alleged activity harder for U.S. developers to identify.

However, the White House official did not release technical records or other evidence supporting the allegations. Moonshot AI had not publicly responded at the time of the report, while the White House had not provided material that independent researchers could use to determine whether K3 incorporated Anthropic’s proprietary technology.

Despite those policy disputes, Dr. Han expects AI to play a growing role in how users discover and operate crypto products. Gate’s strategy keeps traders responsible for the final decision while assigning AI the task of organizing information, identifying signals, and lowering the technical barriers surrounding Web3.