Chinese tech giant Alibaba Group Holding Ltd and its US digital payment processor agreed to pay $600 million to resolve a federal investigation into whether they failed to prevent the sale and importation of illegal pharmaceuticals and controlled substances, the Justice Department said.
Alibaba entered into a non-prosecution agreement released Wednesday to end a probe of alleged violations of the Federal Food, Drug and Cosmetic Act, or FDCA, between 2016 and 2024, the US said. The investigation was led by the Justice Department and the US Attorney’s Office in Rhode Island.
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Forwarded from Becky 🇺🇸🇷🇺🪆
Stellar Bank joins Prosperity Bank
We are excited to share that we officially merged with Prosperity Bank on July 1, 2026, becoming one of the largest banks by assets headquartered in Texas.
Read the full press release here:
https://www . prosperitybankusa . com/wp-content/uploads/2026/07/Press-Release-Stellar-Closing-v2.pdf?utm_medium=email&_hsenc=p2ANqtz-8bcQLGefKYAZZqxoEEJ4k5zmlo42B9X7uq4VJk5Gdo15vRRFWVnasQiZuQ8KEj1quitK8JaUAZX1qR4DPFuWdxSMKeXg&_hsmi=32240958&utm_content=32240958&utm_source=hs_email
We are excited to share that we officially merged with Prosperity Bank on July 1, 2026, becoming one of the largest banks by assets headquartered in Texas.
Read the full press release here:
https://www . prosperitybankusa . com/wp-content/uploads/2026/07/Press-Release-Stellar-Closing-v2.pdf?utm_medium=email&_hsenc=p2ANqtz-8bcQLGefKYAZZqxoEEJ4k5zmlo42B9X7uq4VJk5Gdo15vRRFWVnasQiZuQ8KEj1quitK8JaUAZX1qR4DPFuWdxSMKeXg&_hsmi=32240958&utm_content=32240958&utm_source=hs_email
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It’s been six years since Europe’s Markets in Crypto Assets (MiCA) was first mooted and three years since it was enacted. A lot has changed in the meantime, not the least the growing interest from businesses and individuals in stablecoins for international payments.
The European Central Bank has repeatedly said the strength of dollar-pegged stablecoins could damage its control over monetary conditions in the 21-nation eurozone, though its preferred solution is a central bank digital currency (CBDC), not euro stablecoins.
“If you listen to European Central Bank officials, you'll notice their opinions change depending on the individual,” John Orchard, chairman of the Digital Monetary Institute at OMFIF, said. “But they are now willing to tolerate stablecoins on bank balance sheets and perhaps as a remittance tool, but they don't want stablecoins for wholesale settlement, which the U.S. is prepared to experiment with.”
“The Commission is said to be toying with the idea of reviewing the reserve requirements so that a GENIUS-Act-like model could exist, where the stablecoin operator might buy money market instruments from European governments instead of routing the money back into the banking system,” Orchard said.
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Microsoft announced a new operating business called Microsoft Frontier company, focused on delivering successful enterprise AI deployments with Microsoft’s existing AI tools. The project will be backed by a $2.5 billion investment from Microsoft, as well as 6,000 industry and engineering experts.
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Forwarded from ✨Quantum Stellar Initiative (QSI)✨ [FAKE]
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For years, the XRP community has been defined by headlines. This independent documentary celebrates the people, relationships, and conviction that kept an entire community moving forward.
Featuring exclusive interviews, historic keynote presentations, and rare archival footage spanning the XRP journey.
#Stellar
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India and Japan will collaborate on naval radio antenna systems, and adopted a joint road map on economic security. Tthe leaders also agreed to strengthen cooperation in AI, shipbuilding, biogas, semiconductors and critical technologies.
#BRICS
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Sam Altman and other executives proposed that move as part of a broader arrangement under which Washington would hold 5% of each of the leading US AI developers. That might include Anthropic PBC and listed sector leaders Google and Meta Platforms Inc., though it’s unclear if those other firms would agree with the proposal.
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→ DTCC picked Stellar as the first public blockchain to connect to its upcoming tokenized securities settlement platform
→ MoneyGram launches MGUSD, a U.S. dollar-backed stablecoin on Stellar
→ Bermuda Taps Stellar Network to Build the World’s First Fully Onchain National Economy
→ Crypto’s impact on Web Monetization
#Stellar
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YouTube
Stellar Adoption Surges! DTCC Tokenization, MoneyGram Stablecoin & Bermuda Onchain! | Denelle Dixon
Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, joined me to discuss how institutions such as the DTCC and governments, including Bermuda, are adopting the Stellar blockchain.
Topics:
- DTCC picked Stellar as the first public…
Topics:
- DTCC picked Stellar as the first public…
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Well, I was here before, I was there before I was in office, but the way I view crypto’s a little differently, we have to be at the top, otherwise China’s going to take it over.
Like, for instance, AI, we’re leading substantially in AI over China and everybody else. I mean, we’re leading.
President Xi three weeks ago greeted me: “Wow, you’ve really done a great job. You’ve really.” Now we have the hottest country in the world.
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Regulated financial institutions are leveraging the flexibility of permissionless networks, which allow them to incorporate permission controls such as whitelisting to govern who can hold and transact tokens, creating what could be called hybrid governance models.
In addition, some banks appear interested in issuing stablecoins on permissionless blockchains, such as Société Générale’s EUR denominated stablecoin CoinVertible issued on Ethereum, Solana, Stellar, and the XRP Ledger.
#Stellar
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A United Launch Alliance rocket lofted 29 satellites for Amazon, paving the way for the start of the company’s broadband service later this year in a challenge to SpaceX’s dominant Starlink network.
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Over the past year, we have moved purposefully to answer President Trump’s call to make America the Crypto Capital of the World... We are taking historic steps to modernize our rules and regulations to facilitate markets' moving on-chain.
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SoftBank Group Corp. and its telecom unit will start renting AI computing resources to US companies next fiscal year, using a growing pipeline of data centers to compete with the likes of CoreWeave Inc. and Nebius Group NV.
The two SoftBank companies will set up SB Neo Inc. to offer AI chips and cloud services to big companies including hyperscalers. The so-called neocloud venture plans to ramp up its computing resources to eventually supply data center capacity at a scale of 10 gigawatts by around 2030 for large-scale AI model training and inference, according to Junichi Miyakawa, head of the telecom unit.
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Trans Mountain Corp., a pipeline operator owned by the Canadian government, has been tapped to build a new export conduit connecting Alberta’s oil sands to a Vancouver-area port, Prime Minister Mark Carney said.
The proposed 1 million-barrel-a-day pipeline will link to a deepwater port capable of receiving Very Large Crude Carriers, or VLCCs, with the goal of “meeting significant Asian demand from countries like Japan, Korea, China and India,” according to the government of Alberta.
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Policy decisions on money, market infrastructure, and legal frameworks will determine whether tokenization strengthens or fragments the financial system as assets migrate onto shared digital ledgers, IMF Monetary and Capital Markets Director Tobias Adrian said.
→ Tokenized bank deposits
→ Stablecoins
→ Tokenized central bank reserves
The best outcome would be of a system that provides elements of the required public goods such as risk-free settlement assets and internationally aligned oversight, while encouraging and enabling desirable features such as interoperability.
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Anthropic is tightening its detection systems to block firms like Ant Financial and ByteDance, which have used VPNs and overseas subsidiaries to access its advanced AI models.
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