Hyundai Card has completed its first stablecoin-based cross-border remittance test, settling a $20,000 payment between Hyundai Motor’s U.S. and Mexican entities in about seven minutes using USDT on Avalanche. According to a Hyundai Card press release, the proof-of-concept (PoC) involved…
The post Stablecoin Cross-Border Remittance Enables Hyundai Card’s Efficient PoC appeared on BitcoinEthereumNews.com.
Hyundai Card has pulled off something that most corporate finance teams have only theorized about: a real, live stablecoin cross-border remittance between two overseas subsidiaries of one of South Korea’s biggest conglomerates — and it took just seven minutes. Key takeaways Hyundai Card and Hyundai Motor completed a stablecoin cross-border remittance proof of concept that goes beyond technical testing, reaching operational readiness for real-world deployment. The first PoC converted USD 20,000 from Hyundai Motor America into USDT, transferred it to Hyundai Motor Mexico, and converted it back to dollars — the entire process averaging seven minutes. Participants included Hyundai Card, Hyundai Motor America, Hyundai Motor Mexico, Tether, Avalanche, and Axiym. A second PoC targeting Hyundai Motor’s European entities will bring in Circle and Visa, testing local currencies be
The post Is Broadcom (AVGO) stock a buy after massive new Apple deal appeared on BitcoinEthereumNews.com.
On Wednesday, July 8, Broadcom (NASDAQ: AVGO) stock received potentially powerful tailwinds when the blue-chip technology giant Apple (NASDAQ: AAPL) announced it would be increasing its spend with the company. According to the press release, the iPhone makers agreed to boost spending and now expect the deal to exceed $30 billion in an effort to bolster production of chips in the U.S. Perhaps most notably, the agreement – which is part of Apple’s commitment to invest $600 billion in the American economy across four years – will involve a $1.5 billion capital expenditure (CapEx) investment earmarked for expansion and modernization of Broadcom’s facilities in Fort Collins, Colorado. Still, despite the scale of the deal, the question of whether AVGO is a ‘Buy’ after the announcement remains open given the equity’s performance so far in 2026. To begin with, the initial investor reactio
The post Kazakhstan’s new crypto adoption push: Stablecoin rules, tax exemptions explained! appeared on BitcoinEthereumNews.com.
Kazakhstan is betting big on crypto and has laid the groundwork to develop the sector into a regulated market. On the 7th of July, Kazakhstan President Kassym-Jomart Tokayev signed a decree for the same. The document was prepared by the Ministry of Artificial Intelligence and Digital Development, the National Bank (central bank), other government agencies, and the Astana International Financial Center. According to the ministry’s statement, the signed document aims to create a ‘modern regulated’ crypto market to boost investment and adoption. It lays the foundation for the systematic development of a regulated digital assets market, broader adoption of innovative financial technologies, and increased investment attractiveness of the sector. Will mining and tax relief fuel crypto adoption in Kazakhstan? The move came following President Tokayev’s intensifie
June 23 selloff hit memory leaders as Korea’s KOSPI plunged nearly 10% and U.S. names slid 13%. AI demand stayed hot, but pricing power blinked. Here’s what changed.
The post Sony Bank Stablecoin Approval Marks Key Regulatory Milestone appeared on BitcoinEthereumNews.com.
Sony Bank’s conditional OCC approval to establish a US dollar-backed stablecoin trust bank marks one of the more consequential moves a major Japanese financial institution has made into American digital asset infrastructure. On July 6, Sony Bank confirmed it had received conditional approval from the U.S. Office of the Comptroller of the Currency to charter a wholly owned national trust bank called Connectia Trust, with the explicit goal of issuing a stablecoin pegged 1:1 to the U.S. dollar. Key takeaways Sony Bank received conditional OCC approval on July 6 to establish Connectia Trust, a national trust bank subsidiary in the U.S. Connectia Trust plans to issue a US dollar-backed stablecoin for payments across Sony’s digital ecosystem, including video games, anime, and subscriptions. Sony Bank will capitalize Connectia Trust with $40 million; operations are targeted to begin in 2
The post AscendEX Shuts Down as User Balance Payouts Remain Uncertain appeared on BitcoinEthereumNews.com.
AscendEX shut down after MiCA pressure, weak liquidity, and failed funding left operations unsustainable. Users face delayed manual withdrawals, with the exchange unable to guarantee full balance recovery. ZachXBT had flagged nearly empty hot wallets before the shutdown, including ETH, USDT, USDC, and SOL. The closure revives custody concerns after AscendEX’s 2021 breach, which caused about $78M in losses. AscendEX has shut down after regulatory, financial, and operational pressures pushed the crypto exchange into a controlled offboarding process. The platform ceased operations on July 1, then published a notice on July 6 explaining the decision. JUST IN: ASCENDEX SHUTS DOWN AND USERS MAY NOT GET FULL BALANCES BACK Crypto exchange AscendEX has ceased operations on July 1, citing MiCA, regulatory, financial and operational pressure. The company’s statement indicated that current li
The post ZCash price today Analysis: Neutral Outlook Ahead of Key Move appeared on BitcoinEthereumNews.com.
As of July 9, 2026, the ZCash price today hovers at $467.95 USDT — calm on the surface but carrying real tension underneath. ZEC trades above its 200-day EMA while the broader market flashes a Fear & Greed index of just 22, deep inside Extreme Fear territory. ZEC/USDT — daily chart with candlesticks, EMA20/EMA50 and volume. Key takeaways ZEC holds at $467.95 above all three stacked daily EMAs — a structurally constructive setup despite extreme macro fear. The Fear & Greed index at 22 combines with BTC dominance of 56.08% to suppress altcoin risk appetite across the board. Daily MACD histogram has swung to +8.60, signalling momentum recovery not yet reflected in price action. The ATR of 34.32 warns that daily swings can be sharp — tight stops remain vulnerable to whipsaws. A clean break above $473.69 or below $458.74 will likely determine the next directional move. Daily Chart: St
