Sony’s online banking arm has secured conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank subsidiary, positioning the Japanese entertainment and technology giant to issue and manage a dollar-denominated stablecoin in the United States.The new entity, Connectia Trust, National Association, will be based in New York and capitalized with $40 million. Sony Bank, part of Sony Financial Group, will own the subsidiary outright. The board of Sony Financial Group Inc. ratified the plan on July 6, and the company disclosed the OCC’s conditional approval the following day.Formation of Connectia Trust…
Author: cryphedge
Bitcoin’s more than $10 billion corporate credit market is still attracting new entrants after a June selloff triggered margin calls and drove its leading preferred shares far below par.A new report from BitcoinTreasuries.net described the downturn as the sector’s first meaningful stress test, offering an early measure of whether companies can reliably build financing structures around their cryptocurrency reserves.The selloff showed how quickly supposedly stable products can buckle when too much leverage piles in. Yet the market emerged bruised but operational. Dividend payments continued, secondary-market volumes reached record levels, and corporate treasuries kept adding Bitcoin to their balance sheets.That resilience…
The DEXE price didn’t just climb but it smashed through one of its biggest historical barriers. Following the July 9 announcement that DeXe Protocol would be listed on ChangeNOW, the token surged 25%, extending its bullish momentum into today’s session. That buying pressure pushed DEXE to a fresh all-time high of $36.20 before easing slightly to trade around $34.47.Price jumps after exchange-related announcements aren’t unusual in crypto. What’s more interesting here is where this rally has landed on the bigger chart.Weekly Chart Signals Structural StrengthLooking beyond the daily move, the weekly chart tells a much broader story. Historically, DEXE has…
The BEAT price is back on traders’ radar after climbing more than 20% following a fresh ecosystem announcement from Audiera. The project revealed a virtual world tour for its AI characters, giving the market a new narrative just as the token bounced from one of its most important technical levels. BEAT is now trading around $2.63, and the timing of the move has caught the attention of chart watchers.Price spikes often fade as quickly as they appear. This one, however, arrived at a level that has already proven its importance.BEAT’s Trendline Defense Draws Fresh Buying InterestThe latest rally began directly…
AscendEX shut down on July 1, leaving some customers unsure whether they will recover their funds.The exchange said in a July 6 notice that it does not hold authorization under the European Union’s Markets in Crypto-Assets framework. It also cited financial and operational pressures, including a failed strategic transaction expected to provide liquidity.Customers can no longer use AscendEX to open accounts, deposit funds, trade, swap, stake or lend. They should retain access only to withdraw assets and complete other exit steps, provided the platform remains available, and no legal or insolvency restrictions intervene. Related ReadingMillions of EU crypto users face…
ROAD TOWN, British Virgin Islands, July 11, 2026 /PRNewswire/ — AFX, a high-performance sovereign L1 purpose-built for decentralized derivatives, today announced a landmark operational milestone: surpassing $1.1 billion in cumulative trading volume during its initial period of operation. This rapid ascent is supported by over 8.6 million total trades, positioning AFX as one of the fastest-growing decentralized derivatives platforms in the 2026 Web3 landscape. The most distinctive feature of AFX’s growth is its superior capital efficiency. While many decentralized protocols rely on massive Total Value Locked (TVL) to attract volume, AFX has achieved its $1.1 billion milestone with a lean TVL…
Nasdaq-listed company Empery Digital has sold a large chunk of its Bitcoin holdings to raise cash, according to a filing with the US Securities and Exchange Commission. At the time of writing, Bitcoin price is up by more than 2.20% and is trading slightly below the $64,000 mark.What happenedEmpery Digital sold 1,400 Bitcoin since May at an average price of $62,200 each. That sale brought in about $87.1 million.The company said the money is being used for three things. First, the company put $10 million of the proceeds toward debt repayment on July 7 now. Second, some of the cash…
Regulators have until July 18, 2026, to turn the GENIUS Act from a statute into access rules for stablecoin issuers that want a clear regulatory path into the US.That date is the Act’s one-year rulemaking deadline, not a blanket cutoff for users or every restriction on issuers. Public Law 119-27 requires primary federal payment stablecoin regulators, Treasury, and state payment stablecoin regulators to issue implementing regulations through notice-and-comment rulemaking within one year of enactment.The law’s effective date is separate from this deadline. According to the OCC, the GENIUS Act takes effect on the earlier of two dates: 18 months after…
Three SEC crypto proposals are now penciled in for July, covering token offerings, broker-dealer custody and trading venues. The agency could start writing the rules before the Senate even decides whether to take up the CLARITY Act.Earlier this week, SEC Chair Paul Atkins said the agency’s 2026 regulatory agenda aims to bring more crypto products onshore, create clearer rules for capital raising with crypto assets, and clarify how market participants can custody and facilitate the trading of tokenized securities on-chain.According to him:“[These efforts are to] ensure that the next chapter of financial leadership is written in the US, and that…
It’s been the kind of year where the scoreboard says “strong market,” but the bench tells a different story. Big winners kept winning, until they didn’t — or at least, not as easily. Now we’re heading into the thinnest months of the calendar. Liquidity drops. Bad prints linger. And if you’ve been riding pure momentum or AI beta, the tape is starting to ask harder questions. This isn’t a call to run for the hills. It’s a case for tilting toward companies that print cash, return it, and don’t need buoyant risk appetite every single day to justify their price.…
