Philippines begins Peso-backed stablecoin sandbox testing

The test aims to evaluate the PHPC stablecoin’s real-world performance, its impact on the local fiat ecosystem, and its potential uses, including payments, trading and DeFi applications.

El Salvador launches $360M Bitcoin treasury monitoring website

El Salvador was the first country to adopt Bitcoin as legal tender in 2021 and now holds over 5,700 BTC.

Tether discredits Ripple CEO comments over US scrutiny

Tether has highlighted its compliance efforts after Ripple’s CEO said the U.S. government has its sights set on USDT.

Japanese listed firm adds Bitcoin as reserve asset with 117 BTC

Since announcing its Bitcoin strategy in April, Metaplanet has accumulated around 117.7 BTC valued at $7.2 million.

Blockdaemon gets greenlight for UAE expansion in Abu Dhabi

Blockdaemon gets the go-ahead for further expansion in the UAE with a new office in Abu Dhabi to boost web3 growth and push for institutional-grade adoption.

WBTC thief returns $71 million worth of stolen funds

On-chain transactions leading up to the return suggest this wasn’t a white hat hacker but a malicious actor who intended to steal the funds before investigators got involved.

SoftBank subsidiary to develop semiconductor chips, reports profits after AI shift

The SoftBank-owned research and development firm Arm said it will develop its own artificial intelligence chips as its owner reports profits after shifting focus to AI.

Why is Bitcoin price up today?

Today’s rise in Bitcoin’s price is primarily driven by Metaplanet’s entry into the cryptocurrency sector and growing BTC supply among its long-term holders.

JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian

Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept into scalable financial products.

OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X

The game is currently available in early access on the Epic Games Store.