Markets
USD1 slipped to $0.99707 on Monday before rebounding toward its $1 peg, according to price data. The brief deviation followed claims by World Liberty Financial of a coordinated short and social media attack targeting the Trump-backed stablecoin. World Liberty Financial said attackers compromised several cofounder accounts, paid influencers to
Innovation
Solana Company (NASDAQ: HSDT) is building a high-speed validator network across four major Asian financial hubs. The expansion marks its first direct push into staking and infrastructure operations in the Asia-Pacific region. The so-called Pacific Backbone initiative will initially connect Seoul, Tokyo, Singapore, and Hong Kong through low-latency links designed
Regulation
Crypto.com has received conditional approval from the U.S. Office of the Comptroller of the Currency to pursue a federally chartered national bank license. The move would place the exchange under federal supervision and expand its ability to custody digital assets within a unified regulatory framework. The company said
AI
Hitachi says its physical artificial intelligence systems cut automotive integration testing man-hours by 43% in a pilot involving multi-core electronic control units. The result signals that industrial incumbents are translating decades of engineering data into measurable AI productivity gains. In an interview with Nikkei Asia, Kosuke Yanai, deputy director at
Finance
Crypto exchange Backpack says 20% of its company equity will be allocated to users who stake its native token for at least one year. The structure directly links token commitment to ownership, introducing a model that blurs the line between exchange utility tokens and traditional equity. Founder Armani Ferrante outlined
Security
Australian police have charged a 42-year-old man over an alleged 5 million AUD ($3.5 million) cryptocurrency investment scam targeting more than 190 elderly and vulnerable victims. The case highlights persistent fraud risks in retail-facing digital asset channels despite tighter regulatory oversight. Detectives from the Cybercrime Squad’s Strike Force
Markets
Global crypto exchange-traded products have recorded $4 billion in cumulative outflows over five consecutive weeks, according to CoinShares. The sustained withdrawals signal a measurable cooling in institutional engagement as prices drift lower. Last week alone saw $288 million exit crypto investment products managed by firms including BlackRock, Bitwise, and Fidelity,
AI
Mastercard completed its first fully authenticated “agentic commerce” transaction in a controlled demo at the India AI Impact Summit 2026. The test signals that payment networks are preparing for a future where software agents, not humans, execute transactions. According to reporting from the Times of India, the demonstration showed an
Finance
Hanwha Asset Management, which oversees 6.4 trillion won in assets, is building infrastructure for crypto staking exchange-traded products in South Korea. The move signals that one of the country’s largest asset managers is preparing for regulated exposure to on-chain yield. The firm announced Monday a strategic partnership with
Markets
Bitcoin fell below $65,000 Sunday, erasing more than 4% in under two hours. The abrupt move triggered roughly $360 million in long liquidations within a single hour, amplifying volatility across major tokens. At around 7:20 p.m. ET, bitcoin dropped from $67,600 to near $64,700, according
Politics
The U.S. Securities and Exchange Commission will permit broker-dealers to apply a 2% haircut to certain proprietary stablecoin positions. The shift lowers capital friction and moves dollar-backed tokens closer to treatment historically reserved for money market instruments. In guidance issued Thursday, the SEC’s Division of Trading and Markets
ProShares’ GENIUS Money Market ETF generated $17 billion in first-day trading volume. The figure sets a new record for an ETF launch and signals surging institutional interest in stablecoin-compliant assets. The ProShares GENIUS Money Market ETF (NYSE: IQMM) is structured to hold assets that meet U.S. legal reserve requirements