Ko-fi vs Kraken

Build Text Summarizer with Hugging Face

This tutorial explains how to build a text summarizer using the Hugging Face Transformers library and its high-level pipeline API. It shows installing transformers and torch, initializing a summarization pipeline (example: facebook/bart-large-cnn), and controlling outputs with parameters such as max_length, min_length, and do_sample. The guide covers handling long documents via chunking and recursive summarization, and notes optional fine-tuning using Hugging Face's Seq2SeqTrainer with evaluation by ROUGE for domain-specific needs. Example Python code is provided for quick local inference and file-based workflows.

• The guide demonstrates building a summarizer using Hugging Face Transformers' pipeline API.
• Recommends facebook/bart-large-cnn as a robust out-of-the-box summarization model.
• Requires the transformers and torch (PyTorch) libraries; installation via pip is shown.

July 2026 Cover Image Announcement

July’s cover image has been created by the amazing ko-fi.com/crystilialance as part of our #KofiCoverImage competition!

Nasdaq invests $100M in Kraken parent, targeting tokenized stocks by 2027

Nasdaq's venture capital arm has invested $100 million in Payward, the parent company of crypto exchange Kraken, to advance the development and launch of tokenized equities. The partnership aims to launch Nasdaq Equity Tokens (NETs) in the second quarter of 2027, with Nasdaq providing market surveillance technology across Payward's trading venues. The investment values Payward at $21 billion. This move reflects a broader trend on Wall Street toward tokenized securities, though debates persist about the nature of tokenized assets and shareholder rights, as highlighted by a recent dispute between Robinhood and AMC.

• Nasdaq's venture arm invested $100 million in Kraken parent Payward.
• Partnership aims to launch tokenized equities (Nasdaq Equity Tokens) in Q2 2027.
• Payward valuation set at $21 billion following the investment.

Kraken affiliate launches cashback debit card

Kraken’s payments app affiliate, Krak, has launched the Krak Card, a U.S. debit card that offers up to 2% back in cash or bitcoin and lets customers spend from more than 600 fiat currencies and crypto assets. Rewards are paid as money rather than points and the cashback rate can increase based on the value of assets a user holds. The card is issued through a partner bank subject to U.S. debit interchange limits. Kraken — founded in 2011 and owned by parent Payward — is using the product to retain deposits, drive spending and deepen customer asset holdings; the company also has a Wyoming bank charter and secured a Federal Reserve master account earlier in 2026. CNBC published the report on August 18, 2026.

• The Krak Card offers up to 2% cash or bitcoin back, paid directly as money rather than points.
• The card can spend directly from over 600 fiat currencies and crypto assets and can split purchases across multiple balances.
• Krak (the payments app affiliate of Kraken) issues the card through a partner bank, which is subject to U.S. debit interchange fee limits.

AI Agents Drive Crypto Infrastructure Shift

Major crypto firms are positioning AI agents as a new class of users to expand demand beyond traders. Exchanges and stablecoin issuers are building agent-focused features — Kraken is rebuilding its app for continuous agent trading, Coinbase launched tools to let agents execute trades via natural language, and Circle is promoting its Arc blockchain and USDC stablecoin as programmable rails for agent-to-agent commerce. Proponents argue that stablecoins, smart contracts and always-on wallets better suit machine-to-machine payments than traditional banking rails, potentially creating sustained transaction volume outside speculative trading.

• Kraken said it is rebuilding its app to give users access to AI agents that can continuously monitor markets and execute trades in real time.
• Coinbase launched a new tool to allow AI agents to execute crypto trades using natural language instructions.
• Circle announced an expansion tied to its Arc blockchain, positioning it as infrastructure for the "agentic economy" and promoting USDC as programmable digital dollars for internet-native payments.