Heidi Cuthbert

SBI Group is preparing to issue JPYSC, Japan’s first trust bank-backed yen stablecoin, after securing regulatory approval and establishing the framework for issuance through Shinsei Trust & Banking.

Coinbase Chief Executive Brian Armstrong said growing frustration with traditional financial services is encouraging more people to explore cryptocurrency as an alternative.

Kalshi is reportedly in discussions to raise new capital at a US$40 billion valuation, a move that would nearly double its US$22 billion valuation achieved.

Stablecore has launched an early-access programme that allows participating US credit unions to test stablecoin and digital asset services.

The Australian Bureau of Statistics reported that national job vacancies fell by 2.1% to 329,500 positions in the three months to May.

GTN (ASX:GTN) expects its full-year group revenue to fall within a range of $150 million to $155 million.

Canadian billionaire Frank Giustra renewed his criticism of Bitcoin (CRYPTO:BTC) advocates, targeting Strategy Executive Chairman Michael Saylor and SkyBridge Capital founder Anthony Scaramucci in a series of public comments.

Ethereum (CRYPTO:ETH) traded near US$1,600, about 21% below its 30-day peak, as whale accumulation and stabilising exchange liquidity data suggested conditions may be improving after a prolonged market decline.

Mineral Resources (ASX:MIN) announced that it will shutter its Lucky Bay garnet mine in Western Australia.

OpenAI has unveiled its first custom-designed AI chip, called Jalapeño, developed in partnership with Broadcom (NASDAQ:AVGO).