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28 Organizations Complete Tokenized Payment Trials for Project Agorá
JPMorgan, Citi, UBS and 25 organizations processed 800,000 Swiss francs across six currencies, with an average settlement time of only 80 seconds. JPMorgan, Citi, UBS and 25 other public and private organizations have completed tokenized payment trials as part of Project Agorá, processing a total value of around 800,000 CHF using six currencies. The testing process included 30 transactions across 17 scenarios, using Swiss francs, euros, British pounds, Japanese yen, South Korean won and USD, covering corporate payments and interbank transactions, internal transfers within the same group, transactions involving two currencies, and payments under a delivery-versus-payment mechanism.
Samsung SDS Researches Stablecoin Infrastructure With Upbit Operator
Samsung SDS is discussing stablecoin cooperation with Dunamu, after the three Samsung companies purchased a 4% stake in the Upbit operator in May. Samsung SDS, a company providing IT technology services within the Samsung Group, is researching stablecoin infrastructure, tokenized asset systems, and AI-based payment models together with Dunamu, the operator of Upbit—one of the largest cryptocurrency exchanges in South Korea.
The Ownership Rate of Crypto Assets in Canada Increases to 25%
A survey by the Ontario Securities Commission shows that the ownership rate of crypto assets in Canada increased from 10% in 2023 to 25% in 2026. According to new data from the Ontario Securities Commission (OSC), the share of Canadians who own crypto assets has risen from 10% in 2023 to 25% in 2026. In the survey results released on Tuesday, the OSC found that both ownership and awareness of crypto assets in the Canadian community have increased compared with a few years earlier.
Two U.S. Senators Send Revised Ethics Rules to the CLARITY Act
Tillis and Gallego urge the White House to propose transferring the authority to enforce the ban on officials issuing tokens to the states, amid the Senate needing 60 votes to pass the CLARITY Act. Two U.S. senators from opposing parties are said to have sent revised ethics guidelines to the White House as part of discussions on a bill to structure the market for crypto assets in Congress.
Gelephu Selects 3iQ to Manage a Portion of Bhutan’s Bitcoin Reserve
3iQ will manage an undisclosed portion of up to 10,000 Bitcoin that Bhutan has allocated to develop Mindfulness City Gelephu. Bhutan’s Mindfulness City Gelephu (GMC) has designated Canadian crypto asset manager 3iQ to manage a portfolio backed by part of the city’s Bitcoin reserve holdings, as this special administrative zone develops a crypto asset investment hub.
Coinbase Stock Falls Despite Record Trading Market Share
Coinbase reported a record trading market share of 10.3% and its prediction market revenue more than doubled, but the stock still fell by about 7%. Coinbase stock fell by about 7% in Thursday’s after-hours trading, despite the crypto asset exchange reporting strong growth in its predicted market segment and record-high trading market share. According to its earnings report, the number of contracts and revenue from the prediction market more than doubled in Q2, up 106% quarter-over-quarter and with annualized revenue exceeding $100 million. The company said that binary products launched late in the quarter helped daily trader count triple and daily revenue increase fourfold compared with figures from May.
IRS Warns of Fake Letters Targeting Cryptocurrency Asset Holders
The U.S. IRS warns of scams involving fake postal letters, as the cryptocurrency asset industry has suffered losses of more than $1 billion due to attacks in the first half of 2026. The U.S. Internal Revenue Service (IRS) is warning holders of cryptocurrency assets that scammers have sent fake letters through the mail to some taxpayers in an attempt to steal digital assets or personal data, according to Bloomberg.
IBM Achieves Reliable Quantum Advantage, Threat to Bitcoin Still Far Away
IBM announces successful encryption of 70 logical qubits, reducing the error rate by one tenth, but the distance to the risk of breaking Bitcoin encryption is still very far. IBM says it has demonstrated an achievement the company calls “reliable quantum advantage,” when a quantum computer completes computations beyond the capabilities of leading classical simulation methods, while also providing statistical evidence confirming the accuracy of the results.
U.S. Treasury Secretary Calls on the Senate to Pass the CLARITY Act
U.S. Treasury Secretary Scott Bessent urges the Senate to pass a bill on the structure of the markets for crypto assets, accusing the Democratic Party of delaying it for political reasons. U.S. Treasury Secretary Scott Bessent on Thursday called on the Senate to pass the CLARITY Act, while accusing Democratic lawmakers of postponing the vote for political reasons and warning that the United States risks losing its leading position in the digital asset field if it does not quickly establish a clear legal framework.
BNY Launches Blockchain Platform for Tokenized Funds
BNY announces a digital transfer agent platform, managing $8.6 trillion in assets, serving the entire lifecycle of tokenized funds. Bank of New York Mellon Corporation (BNY) has just launched its Digital Transfer Agent (Digital TA) platform, allowing ownership records with legal validity for investment fund shares to be maintained directly on the blockchain. This is a notable move by one of the world’s largest custodial banks to bring digital investment products into the mainstream of the capital markets.
Tether Launches USAT Stablecoin on Celo, Expands Beyond Ethereum
Tether deploys the USAT stablecoin compliant with the GENIUS Act on Celo, a network that accounts for 28% of USDT transfer transactions worldwide, with USAT’s market capitalization reaching $185 million. According to a notice on Wednesday, the US-compliant stablecoin USAT issued by Tether is being rolled out on Celo, marking the second launch of this coin on the mainnet, after the Ethereum mainnet. The token will be able to mint and burn directly on the blockchain, and can also be used to pay gas fees on the network, thanks to Celo’s fee abstraction mechanism introduced through the CIP-64 upgrade, which allows ERC-20 tokens to be used as gas fee payment assets.
Emirates integrates Crypto.com Pay, allowing eligible UAE residents to pay for airline tickets using crypto assets, converted via the dirham through an SVF license. Emirates, the Dubai-headquartered national airline, has rolled out Crypto.com Pay on its website and app, allowing eligible residents in the United Arab Emirates (UAE) to book flights using crypto assets, the airline said on Tuesday.
Gumi and SBI Launch $18.3 Million Crypto Asset Fund in Japan
Game developer Gumi partnered with SBI to launch a Bitcoin and altcoin fund worth 3 billion yen, as the company’s crypto assets rose to nearly double, reaching 14.13 billion yen. Japanese game developer Gumi said it would begin operating a crypto asset fund worth 3 billion yen, equivalent to about $18.3 million, on Saturday, together with SBI Financial Services and supported by Daiwa Securities Group and other investors. The fund is operated by SBI Crypto Fund, a joint venture in which SBI Financial Services owns 51% and gC Labs, a subsidiary of Gumi, owns 49%.
U.S. Sanctions Iranian Company for Accepting Bitcoin to Evade the Ban
The U.S. Department of the Treasury sanctions two Iranian shipping companies, alleging that HormuzSafe accepted Bitcoin to evade sanctions and generate revenue for the IRGC through the Strait of Hormuz. The U.S. Department of the Treasury has imposed sanctions on two Iranian shipping companies accused of participating in an insurance network backed by Iran’s Islamic Revolutionary Guard Corps (IRGC), in which one company is believed to have accepted Bitcoin (BTC) and other digital assets to evade Western sanctions.
Korea Suggested to Regulate Stablecoins Before the Crypto Assets Act
Policy report recommends that Korea issue phased guidance for granting temporary licenses for stablecoins before the Digital Asset Basic Act is finalized. According to a policy report released Wednesday by Hashed Open Research and the Solana Policy Institute, Korea should allow a higher degree of flexibility for stablecoin issuers by issuing temporary licensing guidance and rolling out stablecoin regulations in phases before the Digital Asset Basic Act is finalized. The report summarizes content from a themed seminar held on June 23, with the participation of lawmakers, legal experts, and industry representatives.
Cryptocurrency Asset Fraud Causes $80.7 Billion in Damages in the U.S.
A CFA report estimates that cryptocurrency-asset fraud caused Americans to lose $80.7 billion in 2025, seven times the figure recorded by the FBI, accounting for more than half of total fraud losses. According to a new report by the U.S. Consumer Federation (CFA), cryptocurrency assets account for more than half of total losses from fraud and cybercrime, with estimated damages reaching up to $80.7 billion. This association of nonprofit consumer protection organizations built its research findings based on data from the U.S. Federal Bureau of Investigation (FBI). The losses from cryptocurrency-asset scams reported to the agency last year reached $11.37 billion, up 22% compared to 2024.
AI Companies Are Destroying Paper Books to Train Chatbots
An underground service industry is buying and destroying millions of printed books after digitization, in order to provide high-quality training data for generative AI models. Against the backdrop of developers racing to build more powerful AI models and an increasing number of copyright-related lawsuits, a small-scale service industry has emerged to supply them with millions of printed books. These books are dismantled, scanned into training datasets, and then discarded.
MoonPay Launches PayBox, Enabling AI to Make Payments for Users
MoonPay launches PayBox, a non-custodial payment vault that lets ChatGPT and Claude conduct crypto, DeFi, and shopping transactions with protection infrastructure for over $50 billion in assets. MoonPay has launched PayBox, a payment vault that allows users to perform crypto-asset transactions and online shopping through conversations with ChatGPT and Claude. Users can connect PayBox to one of two AI platforms via a custom connector and describe the transaction in natural language; then the AI assistant will research and prepare the transaction before executing it according to the permissions set by the user.
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