Japan’s Megabanks Complete Yen Stablecoin Trial for Cross-Border Corporate Payments
Three major Japanese banks finish joint pilot of yen stablecoin, targeting commercial use in fiscal 2026 for international settlements
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Latest updates, press releases, and insights from the volatile world of digital assets.
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Pando Finance Set to List Hong Kong’s Second Spot Solana ETF on October 13
Pando’s new Solana ETF will trade under stock code 02831 with a 0.6% management fee, undercutting the city’s existing product while offering pure price exposure without staking
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Anthropic Releases Claude Sonnet 5.5, Outperforming Flagship on Coding at Half the Price
The mid-tier model delivers faster responses and strong agentic coding results while matching prior token rates, as AI evaluation shifts toward cost per completed task
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Blockchain.com Targets $500 Million US IPO at $4-6 Billion Valuation
The crypto exchange and wallet provider confidentially filed SEC documents in May and remains open to a smaller raise as capital markets show early signs of recovery
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Federal Reserve Proposes Capital and Redemption Rules for Stablecoin Issuers Under GENIUS Act
Federal Reserve Board released two proposals to enforce the GENIUS Act, requiring stablecoin issuers it supervises to maintain full one-to-one reserve backing and meet standardized capital standards while setting redemption timelines and bank approval pathways
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Hong Kong Court Jails Ex-Banker for Four Years Over $1.6 Billion Fake Credit Scheme and Crypto Bribes
Former China Construction Bank Asia manager sentenced after accepting over $470,000 in Tether to authenticate false letters of credit linked to a collapsed fintech platform
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Revolut Extortion: Group Demands $3 Million in Monero for 680 Customer Records
A group calling itself iamnotavillain has set a 24-hour deadline for payment in privacy-focused cryptocurrency or it will offer the files to other criminals
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UAE Shifts National Digital Identity Platform to Avalanche Blockchain
The United Arab Emirates is migrating the UAEPASS Digital Vault supporting 12.5 million users to a dedicated Avalanche Layer 1 network for improved performance and control
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Revolut Shares Customer Bitcoin Records After Fake Government Email
Digital bank disclosed passports, addresses and full transaction histories, including Bitcoin activity, after an unauthorized request using an official agency domain passed its checks. No funds were lost
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Tether Ends $120 Million Bitcoin Mining Venture in Uruguay Amid Power Supply Clash
Stablecoin issuer shuts two Florida department sites after prolonged electricity allocation dispute with state utility UTE leaves facilities underpowered and unprofitable
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