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U.S. Bank completes cross-border transaction using the USBDC stablecoin on the Stellar blockchain, verifying the self-developed Digital Asset Platform.
U.S. Bank, the fifth-largest commercial bank in the United States, has completed a real cross-border payment transaction using its proprietary USBDC stablecoin on the Stellar blockchain.
In the experiment, funds were transferred between U.S. Bank units in North America and Europe, where USBDC was issued and transferred on the public Stellar network, while also testing the token minting, conversion, freezing, and asset recovery functions of the stablecoin, as well as its ability to integrate with the bank’s existing risk management, compliance, and operational systems.

Consensys will split into MetaMask for individual use and a new Consensys responsible for organizational infrastructure, to be completed by the end of 2026.
Consensys Software Inc., the Ethereum software company behind MetaMask, plans to split into two independent companies, thereby separating its business area for individual users from blockchain infrastructure activities serving organizations.
According to the notice on Wednesday, the separation process is expected to be completed by the end of 2026, with Joe Lubin serving as President and CEO of MetaMask, while also taking on the role of Executive Chairman of the new Consensys.

India’s FIU sent notices of non-compliance to 15 cryptocurrency asset platforms, requiring the removal of the apps and URLs for violating PMLA regulations.
India’s Financial Intelligence Unit (FIU) on Wednesday sent notices of non-compliance to 15 cryptocurrency asset platforms under the Prevention of Money Laundering Act (PMLA), including Weex, Blofin, Bitunix, DigiFinex and Toobit.
This agency also sent a notice requesting the removal of the app and the online access addresses of the platforms from public access, on the grounds that these organizations are operating in violation of regulations in India for failing to comply with the requirements related to PMLA. In addition to the names mentioned above, the list also includes Rezorex, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, FixedFloat, WhiteBIT and Guardarian.

Tether and Fasanara Capital launch StableFund, a $400 million private credit fund using USDT, with plans to raise an additional $3 billion.
Tether and Fasanara Capital have committed to invest $400 million in a new private credit fund called StableFund. The fund will deploy capital through Fasanara’s global fintech lending network. According to a statement released on Wednesday, the two companies will co-sponsor StableFund and plan to raise up to an additional $3 billion from third-party institutional investors.

Germany is expected to impose a fixed 25% tax on profits from crypto assets purchased from 2027, abolishing the tax exemption mechanism after 12 months of holding.
According to the draft law prepared by Germany’s Deputy Chancellor and Minister of Finance Lars Klingbeil that Handelsblatt was able to access, Germany is expected to apply a fixed tax rate of 25% to profits from the sale of crypto assets, regardless of how long the assets have been held. Welt was the first outlet to report on this on Tuesday, based on a ministry-level draft prepared in mid-August.

IonQ introduces the Superion 256 quantum computer, combining technology from two acquisition deals, with delivery planned for 2027.
Listed technology company IonQ on Tuesday launched the Superion 256 quantum computer and began accepting orders for the system the company expects to deliver in 2027 as it expands its production capacity. Headquartered in the state of Maryland, the company develops quantum computers and provides access through cloud computing services, alongside technologies in quantum networking, quantum sensors, and quantum security.

The U.S. Secret Service, in cooperation with Elliptic, froze $52.8 million in cryptocurrency assets of Xinbi; the Telegram marketplace handled $24 billion in scam transactions.
The U.S. Secret Service on September 8 froze $52.8 million in cryptocurrency assets linked to Xinbi Guarantee, a Chinese-language trading platform operating on Telegram that specializes in the tools used by scammer groups to steal victims' assets worldwide.

Apple introduced AI Siri, the 2-nanometer A20 Pro chip, and a foldable iPhone priced at $1,999 at its first event hosted by John Ternus.
On Wednesday, John Ternus for the first time chaired a product launch event in his capacity as Apple CEO, opening the “Surprise and Shine” event just eight days after officially taking the role.
He took over the role from Tim Cook on September 1, while Cook moved into the position of Chief Executive Officer after 15 years leading the company. Ternus used the occasion to introduce a redesigned version of Siri and a new 2-nanometer chip, developed with a focus on AI performance.

The cryptocurrency assets industry and community banking groups have jointly rallied to lobby senators in their home states ahead of a procedural vote on September 15 regarding the Clarity Act.
The standoff over the Clarity Act is being taken directly by cryptocurrency asset-supporting organizations and community banks to the senators’ home states ahead of an important vote next week. The U.S. Senate is expected to hold a procedural vote on the bill on September 15.

The CHFD pilot project, a stablecoin tied to the Swiss franc, adds SIX and TWINT, increasing the number of participating organizations from 7 to 9.
The CHFD pilot project—an on stablecoin denominated in Swiss franc—has just entered the real-world testing phase with the participation of two new players: financial market infrastructure operator SIX and digital payment service TWINT. This addition brings the total number of participating organizations in the initiative from 7 to 9, reflecting the growing interest of Switzerland’s banking industry in tokenized assets amid global competition for ledger-technology-based payment infrastructure.

The manufacturer of Bitcoin wallet Trezor confirms that the email warning about an STM32 vulnerability is fake, spread via a compromised email service provider, targeting both BitBox users.
The hardware wallet maker Trezor on Wednesday warned users that hackers had breached the company’s third-party email service provider, using it to distribute a phishing email disguised as a severe security warning.

Humo Digital is testing payments using the HUMO stablecoin, pegged to the Uzbek som, at more than 20 merchants in Uzbekistan, within the framework of a 12-month sandbox.
Uzbekistan has officially launched a pilot program for payments using a new stablecoin pegged to the country’s domestic currency, the som, and backed by government securities.
According to a notice on Monday, the National Agency for Prospective Projects (NAPP) said it has registered Humo Digital as a participating entity in a special mechanism overseen by the agency in coordination with the Central Bank of Uzbekistan. The program will test the entire lifecycle of the HUMO token, from issuance and circulation to buyback, with each token being pegged to the value of one som.

The Monetary Authority of Singapore grants a license to Gemini’s Large Payment Institution, allowing the provision of unlimited-volume digital payment token services.
The Gemini crypto asset exchange has just completed an important legal milestone in the Asian market after the Monetary Authority of Singapore (MAS) officially granted a Large Payment Institution (MPI) license, marking the end of the transformation process from an in-principle approved status nearly two years ago.

Malone Lam, 22, pleaded guilty to conspiracy to commit organized crime after leading a cross-border social-engineering ring that stole and laundered more than $245 million in cryptocurrency assets.
Malone Lam, a 22-year-old Singapore citizen who previously lived in Miami, on Tuesday pleaded guilty to a federal charge of conspiracy to commit organized crime, related to his leadership role in a cross-border social-engineering operation that stole and laundered more than $245 million in cryptocurrency assets.

File submission block for establishing a national trust bank Builders Bank & Trust, joining a wave that includes Coinbase, Ripple, Circle and Revolut seeking a license from the OCC.
Block, Inc., the payments company founded by Jack Dorsey, has just filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish a non-deposit-insured national trust bank named Builders Bank & Trust, N.A.
According to a statement released on Tuesday, Lee Woolley, who is expected to serve as Chairman and CEO of Builders Bank, said that based on Block’s experience in the digital asset space, operating history with Square Financial Services, and the team’s deep banking expertise, the company believes Builders Bank is well positioned to support Block’s broader vision of economic empowerment.

Canary Staked TRX ETF, TRXS ticker, launched on Wednesday, paving the way for institutional investors to access TRX, a shared tokenized asset with a market capitalization of $32.1 billion, ranking eighth in the market.
The tokenized-asset ETF market in the U.S. continues to expand its product lineup as the Canary Staked TRX ETF, the first staking exchange-traded fund linked to Tron, officially begins trading on Wednesday under the TRXS ticker. This product offers investors a new way to access the TRX token through traditional financial markets, rather than having to directly hold or trade the asset on cryptocurrency exchanges.

Combine VisaNet data with lending on-chain, helping fintechs access working capital as the volume of payments through linked cards using stablecoins has increased by nearly 200%.
Visa is looking to leverage the strengths of its payment data to address liquidity challenges for fintech companies and stablecoin-linked card programs. In a notice on Tuesday, the global payments group said that lenders can combine settlement data from the VisaNet network with transaction data on the blockchain to assess the performance of payment businesses and thereby determine appropriate financing conditions.

Cronos has erased 1 hour 54 minutes of trading to recover 111.2 million USD after the Tectonic exploitation incident, while 9.19 million USD has still not been recovered.
Cronos, the blockchain network backed by Crypto.com, made a controversial decision by rewinding nearly two hours of transaction history to reverse around 111.2 million USD related to an exploitation of a vulnerability in the Tectonic lending protocol.
According to the incident post-mortem report released on Monday, the network’s validator nodes decided to reverse transactions that had already been completed in order to preserve around 92% of the funds affected, which remain on the network—contrary to the immutability principle that is considered a foundation of blockchain technology.