Key Takeaways Sony Bank secured conditional OCC approval for Connectia Trust on July 7, 2026. The new subsidiary carries $40 million in capital and targets 2027 for launch. Bastion Platforms will handle issuance and custody under a December 2025 deal. The company disclosed the approval on July 7, 2026, one day after its board signed…
Bitcoin shows signs of bottoming, but capitulation, ETF outflows, and defensive options markets still threaten recovery. Bitcoin’s market appears to be in the later stages of a bear market, but the signals confirming a broader turnaround have not yet emerged. On-chain data shared by Glassnode shows the asset has recovered from $57,800 to nearly…
Courtesy of 1X Courtesy of 1X “We love this idea that a robot can be this peaceful and fun and goofy safe presence in a life,” says Dar Sleeper, 1X’s vice president of product and design. “Something that feels comfortable to be around, something that’s soft from the inside to the outside. If you want…
Wells Fargo has expanded its exposure to Strategy while reducing part of its BlackRock Bitcoin ETF position, according to its latest regulatory filing that also shows larger investments across Ethereum and Solana-linked products. Summary Wells Fargo increased its Strategy stake by 125% while trimming its BlackRock Bitcoin ETF holding. The bank boosted Ethereum ETF exposure,…
Block has agreed to pay $45 million to settle claims brought by 46 U.S. states alleging that its peer-to-peer payments app, Cash App, failed to adequately protect users from fraud. State attorneys general said they found that Block misled users by falsely advertising that Cash App provided bank-like protections, including advanced fraud detection. Block denied…
Key Takeaways Two XRP analyses shared by Cryptoquant highlighted weakening futures participation and declining investor activity. Elevated on-chain valuation readings indicate network activity has not strengthened enough to support a broader recovery. Binance futures data indicates traders continue reducing exposure as participation in the derivatives market weakens. Why Are XRP Traders Stepping Back From the…
Sony Bank has secured conditional approval from the Office of the Comptroller of the Currency (OCC), the US federal regulator that charters and supervises national banks, to establish a wholly owned US national trust bank subsidiary called Connectia Trust, with a $40M capitalization. The subsidiary’s mandate is to issue and manage a dollar-backed stablecoin, with…
New global security research shows exactly how unmonitored AI agent permissions get exploited inside the enterprise — and Australian identity governance, built around human employees, isn’t set up to catch it. The post The AI Security Gap No One’s Watching in Australian Enterprises appeared first on TechRepublic. Source link
Polygon’s Open Money Stack now supports PayPal’s PYUSD, enabling businesses to move funds globally without managing multiple payment providers separately. PayPal’s US dollar-backed stablecoin, PYUSD, has launched on the Polygon blockchain through a native issuance by Paxos. The latest move allows businesses to use the token for cross-border payments through Polygon’s Open Money Stack….
SAVE OVER $10: As of July 9, select colors of the Soundcore P30i by Anker noise cancelling earbuds are on sale for $27.99 at Amazon. That’s $12 off their full price of $39.99. $27.99 at Amazon $39.99 Save $12.00 One of our favorite pairs of budget earbuds just got cheaper. As of July 9,…
