Finance and Business News page 16

The test explored moving funds directly between Japan and South Korea using stablecoins instead of traditional banking rails. Ripple has completed a pilot program with Japan's SBI Holdings and South Korea's Kyobo Life Insurance to test direct stablecoin transfers between the two countries.

MOEX will offer regulated perpetual futures on BTC, ETH, XRP, SOL and TRX, according to multiple reports. The Moscow Exchange, known as MOEX, is preparing to introduce perpetual futures contracts tied to five cryptocurrencies. Reports indicate the launch is set for September 22. The assets involved are Bitcoin, Ethereum, XRP, Solana, and Tron.

crypto.news and UNLOCK Blockchain both cover the House Financial Services Committee's 28-21 vote on H.R. 8957 but disagree on whether the final reporting requirement is annual or quarterly. crypto.news and UNLOCK Blockchain both cover the House Financial Services Committee's 28-21 vote on H.R.

The Financial Conduct Authority has published final guidance for regulated crypto activities, even as banks keep discretion over customer transfers. The Financial Conduct Authority has published final guidance setting out how regulated crypto activities will operate in the United Kingdom.

Lawmakers moved a digital asset tax measure forward even as a related Senate effort stalled A House committee has advanced a bill addressing the tax treatment of digital assets, passing it by a 38-5 vote. The lopsided margin signals broad bipartisan backing for the measure inside the chamber, according to reports on the committee action.

The federally chartered crypto bank widens its institutional custody offering to cover a new layer-2 network and a nuclear fuel-backed digital asset. Anchorage Digital has added custody support for Etherlink and a tokenized uranium asset, according to reporting from crypto.news and BitKE.

Authorities have moved against dozens of users accused of placing wagers on the prediction market platform in violation of local gambling law. South Korean regulators have opened an investigation into local users of Polymarket, the blockchain-based prediction market platform, over roughly $12.7 million in wagers. Reports on the case differ slightly on scope.

Regulators signal a shift toward independent rulemaking after the Clarity Act stalled on Capitol Hill. The Securities and Exchange Commission and the Commodity Futures Trading Commission have signaled a new approach to crypto oversight. Both agencies say they intend to write rules for digital assets on their own.

The stablecoin issuer's new network aims to give USDC a stronger foothold in payments and settlement. Circle has moved its Arc network into mainnet, according to a report from CryptoSlate. The launch marks a new phase in the company's strategy to expand how businesses and developers use USDC beyond simple trading and transfers.

Lawmakers move to write the reserve into federal law, testing whether Congress will back the White House's Bitcoin policy. A House committee has voted to advance a bill that would codify the Strategic Bitcoin Reserve established under President Trump.

Fintech firm says fraudulent government requests tricked it into releasing customer KYC data, including cryptocurrency holdings Revolut has confirmed that customer data, including passport scans and Bitcoin transaction records, was exposed in a recent security incident. The London-based fintech company said the breach stemmed from fraudulent requests that appeared to come from government authorities.

Experts warn that delays to the market structure bill could leave the SEC and CFTC to set crypto policy by default. The Clarity Act, a proposed framework meant to divide oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission, is reportedly running into new obstacles.

The integration, done through Oasis Pro Markets, connects Ondo to infrastructure processing over 85% of US mutual fund transactions. Ondo Finance has become the first tokenization company to connect to the Depository Trust & Clearing Corporation's Fund/SERV network. The network processes more than 85% of mutual fund transactions in the United States.

The markup follows a setback for the CLARITY Act and comes as Senator Lummis renews her push for a federal Bitcoin reserve. A House committee is scheduled to take up the Strategic Bitcoin Reserve bill in a markup session today.

Across four stories this week, two outlets each recorded a different figure for the same event, and no primary document yet resolves which side is right. Across four stories this week, two outlets each recorded a different figure for the same event, and no primary document yet resolves which side is right.

A key gauge of American buying pressure on Bitcoin has weakened, pointing to softer domestic appetite. Bitcoin's Coinbase premium has fallen to its lowest point in a month, according to reporting from CoinDesk and CryptoBriefing. The metric measures the price difference between Bitcoin traded on Coinbase and Bitcoin traded on other major exchanges worldwide.

Germany's largest lender is preparing to safeguard digital assets for institutional customers in Europe. Deutsche Bank is preparing to launch custody services for bitcoin and ether, according to reports from crypto.news and The Block. The offering is aimed at institutional clients across Europe, positioning Germany's largest bank as a direct participant in digital asset safekeeping.

On-chain data points to holder capitulation after the crypto market structure bill failed to advance as expected Bitcoin's Coinbase Premium has slipped to its lowest reading in a month, according to data highlighted by Cointelegraph. The metric tracks the price difference between Bitcoin on Coinbase and other major exchanges.