BNY Mellon is currently exploring the launch of tokenized deposits to enable clients to make payments via blockchain. At the time of this post, BNY currently processes about $2.5 trillion in payments per day and oversees $55.8 trillion in assets under custody.
Stripe has launched Open Issuance. It is a stablecoin platform that is going to debut along with Phantom’s CASH. Stripe Open Issuance lets businesses issue and redeem their own stablecoins with minimal code, with custody by BlackRock, Fidelity, and others. Stripe also announced its partnership with OpenAI to launch Agentic Commerce Protocol, enabling merchant–AI agent transactions.
Dogecoin ETFs (TDOG) have gone live on the DTCC website. This listing is part of the standard preparation process for launching a new ETF and does not indicate any regulatory approval or completion of other approval procedures.
Did you know that the stablecoins funds such as USDC and USDT can be frozen? Well, now that you know this, the Israel’s Ministry of Defense has ordered the seizure of 187 crypto wallets allegedly linked to Iran’s IRGC, saying they processed over $1.5B in USDT and currently hold about $1.5M.
Large scale supply chain attack is undergoing on Solana, Tron, Litecoin, and Bitcoin Cash chains as NPM account of a prominent developer has been compromised.
Big players like Grayscale, Bitwise, Canary, and CoinShares are fine-tuning their applications for spot XRP ETFs, working closely with the SEC to get things just right. They’re setting up these ETFs to allow for either XRP or cash when creating or redeeming shares, offering flexibility that makes the whole process smoother.
There is a zero-day exploit currently being used to target high net worth individuals that use iOS or MacOS versions of their cryptocurrency wallets.
Monero, the most popular privacy focused blockchain is now undergoing 51% attack. The ticker XMR is already banned from most major centralized exchanges.
The company behind USDC stablecoin, Circle has launched Arc, an open Layer-1 blockchain designed to provide enterprise-grade infrastructure for stablecoin payments, foreign exchange, and capital markets applications. The network is EVM-compatible and uses USDC as its native gas token. Arc is expected to launch its public testnet later this fall.
