Allbridge pauses cross-chain bridge after $1.65M exploit
The attacker allegedly used a flash loan and rapid swaps to manipulate the bridge’s stablecoin exchange rate. Source：Cointelegraph
Japanese logistics company eyes JPYC stablecoin to pay drivers
The planned rollout would let thousands of transportation contractors receive digital yen payments more frequently and quickly. Source：Cointelegraph
The GENIUS Act turns 1: State of Crypto
The stablecoinfocused GENIUS Act became a law a year ago. Source：CoinDesk
US agencies miss GENIUS Act deadline for final stablecoin rules
US regulators failed to finalize implementing regulations by the GENIUS Act’s oneyear deadline, issuing 10 proposed rules instead. Source：Cointelegraph
Trump targets Brazil's payments system while dollar stablecoins are quietly overtaking country's payments
Washington views Brazil’s promotion of nondollar payment channels, including Pix and the growth of stablecoins, as a potential threat to dollarbased trade,…
Crypto Biz: When dollars disappear, stablecoins step in
Bolivia moves to recognize USDT amid a dollar shortage, while Bitcoin miners’ AI ambitions face fresh investor scrutiny. Source：Cointelegraph
SBI acquires Singaporean crypto platform Coinhako after MAS approval
SBI Holdings received regulatory approval to acquire a majority stake in Singaporebased crypto exchange Coinhako as it expands into stablecoins, onchain…
Stablecoin growth will erode bank deposits, says ECB’s Cipollone
ECB’s Piero Cipollone said stablecoin adoption could erode bank deposits, but the digital euro will keep banks at the center of payments. Source：Cointelegraph
BitPay secures Dutch licensing under MiCA, plans to expand stablecoin payments
The Dutch Authority for the Financial Markets approved BitPay’s application as a cryptoasset service provider under the Markets in CryptoAssets requirements.…
Stripe’s $53 billion PayPal bid is a high-stakes play to own the future of digital payments
If Stripe acquires PayPal, the real prize could be consumer wallets, stablecoin issuance or the infrastructure powering the next generation of digital…
Visa backs Open USD with new stablecoin platform as Circle faces fresh competition
Visa launched a stablecoin platform that lets banks and fintechs issue, manage and settle digital dollars through its payments network. Source：CoinDesk
Prediction markets defy crypto downturn with record Q2 volume: CoinGecko
Prediction markets reached a record $113.8 billion in notional volume in Q2 as spot CEX trading, derivatives volume and stablecoin market cap declined.…