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South Koreans are Sending Stablecoins to Foreign Exchanges at Record Rate
- South Koreans sent $367 million more in stablecoins abroad than they received.
- June was the 18th month in a row of net outflows.
- They also put $1.28 billion into foreign leveraged funds that month.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
Analyst Claims XRP Could Ease Japan’s Yen Crisis: Is It Realistic?
- An analyst argues XRP could ease Japan's yen trap by improving cross-border payment efficiency.
- The yen recently approached multi-decade lows near 157 against the United States dollar.
- XRP would act as a transactional bridge asset, not a reserve currency or legal tender.
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Trump Media Sells More Bitcoin as Truth Social Plans Subscription Fees
- Trump Media sold another 2,628 BTC worth roughly $165 million, Lookonchain says.
- Filings show the remaining 4,260.73 BTC is pledged as collateral until 2028.
- Truth API's list price tops the firm's entire $871,200 first quarter revenue.
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BNB Chain Sues Ex-Employee Over A Tutorial Wallet That Became a Meme Coin
- A BNB Chain training video wallet was used to launch a meme token.
- BNB Chain says a former employee kept the wallet's seed phrase.
- The company is suing and says it never backed the token.
America Broke a 28-Year Rule to Save the Yen and Bitcoin Felt It First
- Bitcoin fell near $63,000 as America bought yen after 28 years.
- US stocks rose the same day, leaving crypto the lone loser.
- Washington last bought yen in June 1998, spending just $833 million.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
Wall Street Rushes to Raise Amazon Targets After 15% Post-Earnings Stock Surge
- Amazon stock jumped 15.32% on Friday and closed at $271.58.
- Benchmark now sees $400, the highest Amazon price target on Wall Street.
- Amazon burned $7.6 billion of cash over the past year as spending climbed.
