Sony Bank Clears OCC Hurdle for Dollar Stablecoin

Sony Bank wins conditional OCC approval for Connectia Trust, a $40M national trust bank set to issue a dollar-backed stablecoin by 2027. The post Sony Approved to Launch Sony Stablecoin appeared first on 99Bitcoins.

The post Sony Bank Secures Preliminary Approval for US Stablecoin Business appeared on BitcoinEthereumNews.com. Sony Bank, a subsidiary of Sony Financial Group, said it’s received preliminary approval to establish a new US national trust bank subsidiary that will issue US dollar-denominated stablecoins. The new unit, Connectia Trust, National Association, gained preliminary approval from the Office of the Comptroller of the Currency (OCC) on July 2. It will be fully owned by Sony Bank and will support the issuance and management of US dollar-denominated stablecoins, according to a Monday announcement by Sony Financial Group. The approval signals Sony’s entry into regulated US stablecoin issuance, part of a long-term digital asset business foundation, which it is backing with $40 million in starting capital. Sony Bank said that no business activities or stablecoin issuance will be conducted until all approvals and authorizations are received, including the final approval from the OCC. T

The post Japan’s Prime Minister Sanae Takaichi To Deliver Video Address At WebX 2026 appeared on BitcoinEthereumNews.com. While Washington remains locked in a legislative fight that could reshape crypto in the United States, Japan’s freshly installed prime minister is preparing to speak directly to the Web3 industry. Sanae Takaichi, who assumed office as the country’s 105th prime minister, has been confirmed to deliver a video address at WebX 2026, Asia’s largest Web3 conference. The event will run July 13–14 at The Prince Park Tower Tokyo, according to the original report. The appearance carries weight beyond ceremonial optics. Takaichi’s government has inherited a Japanese policy apparatus that already treats digital assets as a regulated growth sector, not a legal gray zone. An address at a flagship industry gathering now puts a personal stamp on that direction at a time when global regulatory fractures are widening. Why the Timing Matters Takaichi’s video message comes just months

The post Brazil’s B3 exchange introduces options on BTC, ETH, SOL futures appeared on BitcoinEthereumNews.com. Brazil’s B3 stock exchange has unveiled options on bitcoin BTC$62,673.42, ether (ETH) and solana (SOL) futures, expanding its regulated crypto derivatives offerings. The contracts bec+ame available for trading on July 6, according to a B3 circular. They include call and put options on bitcoin futures denominated in Brazilian reais, while ether and solana futures are denominated in U.S. dollars. The options settle into the underlying futures contracts, not the tokens themselves. B3 said the products do not involve custody, transfer or administration of spot cryptoassets. The contracts trade independently from 9 a.m. to 6:30 p.m. local time, according to B3’s derivatives trading schedule. Exercise is automatic at expiration when the option finishes in the money, unless the holder blocks exercise. The offering gives traders and asset managers a local venue to hedge crypto exposur

The post Bitcoin (BTC) price climbs to $63,000 as markets shrug off Iran airstrikes: Crypto Markets Today appeared on BitcoinEthereumNews.com. The crypto market bounced back from a mid-week lull on Thursday, with bitcoin BTC$62,627.85 rising by 1.2% since midnight UTC to $63,000 while ether (ETH) advanced 0.75% to $1,755. The move tracked U.S. stock market gains, as Nasdaq 100 index futures added 2.6% over the past 24 hours despite the escalation of tensions between the U.S. and Iran. U.S. Central Command said it hit 90 military targets in the latest round of airstrikes, which took place 24 hours after President Donald Trump said the ceasefire was over. Markets initially sold off at the time, but crypto remained resilient, rallying from oversold territory to extend a relatively hot streak since the turn of the month. Bitcoin is now 9% higher than June’s monthly close and a selection of altcoins has continued to outperform with lighter (LIT) and ether.fi (ETHFI) surging by around 35% ov

Sony Bank received preliminary approval from the Office of the Comptroller of the Currency to establish a US stablecoin issuance business, with $40 million in starting capital.

The lender's new US subsidiary, Connectia Trust, would issue a dollar-pegged stablecoin once it clears the regulator's final conditions.

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