MoonPay acquires Dawn Labs, launches AI-based trading tool

Global cryptocurrency payments firm MoonPay has acquired AI trading startup Dawn Labs and launched an AI-powered trading tool called "Dawn CLI," according to Decrypt. The tool allows users to input strategies in natural language, which an AI then automatically converts into executable trading code. The initial platform supported is the prediction market Polymarket. MoonPay explained that the tool simplifies system trading—which previously required a combination of development, quantitative analysis, and portfolio management skills—into a single interface. The company added that it plans to manage risks associated with AI malfunctions and excessive trading by implementing a non-custodial wallet structure and trade limit policies.