bor

A representative from the Solana Foundation stated that the U.S. "GENIUS Act" provides regulatory impetus for businesses and financial institutions to enter the stablecoin space, and is also one of the important background factors for Samsung's launch of stablecoin payment services.Samsung has announced that it will support USDC cross-border transfers in Samsung Wallet, initially targeting eligible Galaxy users in the U.S., covering approximately 82 million devices. Users can transfer dollar stablecoins to compatible crypto wallets within seconds, without incurring transfer fees; they can also remit to eligible bank accounts in over 60 countries and regions. This service will utilize the Solana and Sui networks as the underlying infrastructure, with licensed stablecoin custodian Bastion providing transfer services, and Coinbase Prime acting as the secondary custodian responsible for ensuring the security of USDC assets.

According to CryptoSlate, Microsoft and the cybersecurity organization Health-ISAC have obtained a court order in the United States to seize and redirect the domains supporting three services: YAM Store, CoGUI, and Iron Man. These three services sell stolen accounts and phishing tools to fraudsters. Since January of this year, they have assisted in sending over 1 billion phishing messages, targeting more than 75,000 institutions across over 150 countries, generating tens of millions of dollars in revenue for the operators.Microsoft has disabled over 20,000 accounts associated with YAM Store and continues to block more than 100,000 counterfeit and fraudulent domains. According to Microsoft's investigation, these services accept payments in USDT (Tron network) and ETH, and Cloudflare stated that buyers can also use USDC for payments. Blockchain analytics company TRM Labs assisted investigators in locating and freezing related assets, but the amount frozen has not been disclosed.

According to the official announcement from Mitsubishi UFJ Trust Bank, Mitsubishi UFJ Trust Bank, in collaboration with Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and TISI, completed an empirical experiment on the joint issuance of yen stablecoins and optimization of cross-border payments from July 17 to 23, 2026.This experiment was supported by the Financial Services Agency's "Fintech Empirical Experiment Hub - Payment Enhancement Project," verifying the feasibility of a multi-bank joint issuance stablecoin model and exploring the application potential of blockchain technology in international remittances and inter-company payments. The results of the experiment showed that the issuance and circulation of stablecoins are operationally feasible, providing important references for the future social implementation of digital payment services and blockchain financial assets.

Mercedes-Benz and NVIDIA (NVDA.O) announced the expansion of their strategic partnership in autonomous driving.

According to the Financial Times, investor confidence in whether the artificial intelligence boom can generate enough revenue to support the massive debts of data centers is weakening, leading to a significant drop in the financing bond prices of some large data center projects in the United States. Some bonds that provide funding for data center construction for companies like Meta, Nvidia, and Oracle have fallen below par value. For example, the bonds of CoreWeave, a cloud computing infrastructure provider invested in by Nvidia, have dropped to below 80 cents on the dollar, reaching levels typically considered distressed bonds, with yields nearing 15% on Thursday. The company's stock price fell 17% this week, while competitor Nebius dropped 18%, and Nvidia's market value evaporated by about $270 billion over the past week.Ludovic Subran, Chief Investment Officer of Allianz Group, stated that data center bonds are entering a "Darwinian moment," where projects with weaker credit quality will face survival challenges. He noted that power supply issues and construction delays have led to widening credit spreads, reflecting that the market had previously been overly optimistic in pricing the execution risks of data center debt. The core concern in the market is the significant gap between the scale of AI infrastructure investment and future revenues. OpenAI has postponed its IPO until next year, and Anthropic's quarterly sales growth has slowed, exacerbating doubts about the sustainability of growth in the AI industry.Research firm Gartner predicts that by 2030, 80% of new cloud service providers may not be able to continue operating independently. It estimates that AI data center owners will need to achieve $8.5 trillion in revenue by the end of 2030 to cover capital and financing costs and achieve reasonable returns, but consumer and enterprise spending on AI services is expected to reach only $3.6 trillion at most, indicating that over $4 trillion in assets may face impairment risks by 2032. In some areas of the United States, restrictions have been tightened due to issues related to water usage, noise, and air pollution from data centers, and delays in power supply approvals have further hindered project progress. Investors remain cautious about the circular financing model where clients and suppliers within the industry finance each other. Nvidia CEO Jensen Huang stated on Thursday that he believes CoreWeave does not need Nvidia to provide backstop support and mentioned that the company's capital costs are decreasing and operational strength is continuously improving.

According to CNBC, Apple (AAPL.O) has partnered with Meta Platforms (META.O) to enable the Muse AI model to run on Mac computers.

Polygon Labs official announcement, Bor v2.1.3 is officially released to the public, previously distributed in private version form to validators and major infrastructure providers. This update fixes two medium-severity denial-of-service vulnerabilities in BlockSTM V2 parallel block execution, both submitted by security researchers through the Immunefi bug bounty program.Unbounded keccak256 cache issue: Attackers can fill hundreds of MiB of cache during the speculative execution phase by constructing specific transactions, leading to node memory exhaustion and delayed block production. The fix is to set a capacity limit on the shared cache. Repeated code hash calculation issue in parallel execution: A single transaction can cause the parallel processor to take about 11 seconds, severely affecting node activity. The fix is to cache code hash results on a per-transaction basis.In addition, this update also includes several internal hardening measures: the transaction pool address filtering adds interception for EIP-7702 SetCode authorization, RPC batch execution pool concurrency limit fixes, consistency fixes for reading balances across self-destruct boundaries in parallel execution, and an automatic cleanup mechanism for pending transactions (default 3 hours). The affected versions are Bor v2.1.1 and v2.1.2. v2.1.3 is a non-hard fork, and nodes can upgrade individually without coordination. No exploitation records of the two vulnerabilities have been found on the mainnet and testnet Amoy.

Stripe announced a collaboration with Plasma to develop a multi-currency stablecoin card, aimed at allowing individuals and businesses to spend the currencies they already hold in their accounts, reducing unnecessary currency conversion and foreign exchange costs. Plasma will serve as the design partner, integrating with Stripe's stablecoin card infrastructure, enabling customer account balances to be used for payments through the multi-currency card.The expanded infrastructure will support US dollars, Brazilian reais, euros, Mexican pesos, and Colombian pesos; stablecoins include USDC, OUSD, and qualified stablecoins that meet the requirements of the GENIUS Act. The Stripe stablecoin card service currently covers over 30 countries, with plans to expand to over 100 countries by 2027.For example, users holding euros will be able to spend directly in euros in the future, without needing to convert to US dollars first; businesses can issue currency cards that match their spending needs. Stripe also plans to support cardholders in spending from multiple account balances and automatically selecting the appropriate currency at the time of purchase.

According to Decrypt, the Virtual Currency Unit of the Brooklyn District Attorney's Office in New York, in collaboration with the FBI, successfully dismantled a multinational cryptocurrency investment scam network targeting the Russian-speaking community across the United States, seizing and shutting down 112 servers and 241 associated website domains. The involved servers were primarily hosted in Eastern Europe and the United States, with the core infrastructure and IP nodes distributed in places like Ukraine.Forensic evidence from the servers also indicated that the scammers would strike again weeks later, disguising themselves as "asset recovery service providers" to conduct secondary harvesting of victims, with the total amount involved reaching tens of millions of dollars. The prosecution had previously shut down 400 associated domain names, and this time directly seized the underlying servers to completely deprive the gang of the ability to quickly set up websites and contact victims. Law enforcement has currently seized approximately $300,000 in stolen funds, and the recovery efforts are ongoing.

According to a recent report by AlphaWire, Edwin Cheung, Executive Director of Gate, stated in an interview during TOKEN2049 Singapore that the payment business will become an important growth direction for Gate, serving individuals and corporate users with daily fund transfer needs.On October 7, Gate officially launched Gate Money, allowing users to open a global electronic bank account in their own name through the Gate App, and as services gradually open, it will accept payments in over 60 local currencies, connecting digital assets with everyday financial scenarios. Edwin Cheung pointed out that stablecoins can reduce the number of intermediary banks in cross-border transfers and enhance the transparency of fund flows. In the future, it will coexist long-term with traditional bank transfers, instant payments, and QR code payments, and will play a greater role in cross-currency payments as services develop in Europe, Asia, and the Middle East. Gate Money integrates functions of fiat currency, digital assets, stocks, ETFs, and gold, providing integrated financial services.Regarding institutional business and security, he mentioned that institutional investors remain highly concerned about liquidity and counterparty risk. Gate offers an OES over-the-counter settlement solution, allowing institutional clients' assets to be retained in third-party custodians while still utilizing Gate's liquidity and trading services, and enhancing transparency with reserve proof. He emphasized that user trust is crucial, and Gate's compliance qualifications, risk control system, and cooperation with various market regulatory agencies are key to the sustainable development of the business.

According to The Block, brokerage service provider DriveWealth has partnered with Ripple to integrate its stablecoin settlement, cross-border payment, and digital asset custody services into its brokerage platform.The two parties will initially launch settlement operations in Europe and plan to expand the service scope to the United States. This integration will utilize the Ripple RLUSD stablecoin on the XRP Ledger, allowing DriveWealth customers to use a stablecoin that can be converted to fiat currency almost in real-time for collateral account funding and management. Additionally, both parties are exploring opportunities for equity financing through Ripple Prime.

According to the official blog of Avalanche, the Dubai International Financial Centre (DIFC) court has announced the adoption of Avalanche blockchain technology to provide globally verifiable digital authenticity certificates for its court orders and hearing records.The system binds encrypted hashes of documents to unique NFT certificates on the Avalanche C-Chain, allowing any institution to verify document authenticity within seconds without contacting the court, while the document content and confidential information are not stored on-chain, maintaining complete privacy.Avalanche's settlement speed is less than one second, and records are non-reversible. In addition, the Telecommunications and Digital Government Regulatory Authority (TDRA) of the UAE is also collaborating with Ava Labs to integrate Avalanche technology into the Digital Vault blockchain layer of the national digital identity platform UAE PASS, which serves over 12.5 million users, further promoting the construction of a credible verification system for government documents on-chain in the UAE.

According to The Defiant, Hong Kong company L2 Capital has signed a contract to join the tokenization platform Newton, planning to tokenize equity in a pre-IPO artificial intelligence company valued at $500 million. L2 Capital thus becomes the first partner on this platform being built by Newton Labs.The platform is designed to embed compliance rules directly into each token and verify them before each transfer settlement, thereby implementing regulatory requirements in on-chain transactions. Currently, Newton Labs' platform is still under construction, with L2 Capital being the first partner to connect.

OPPO announced a collaboration with the AI Agent product Manus, integrating Manus's Agent capabilities directly into the mobile system assistant AI Mind Pilot. This marks Manus's first system-level collaboration with a mobile manufacturer.The related features will debut in ColorOS 17, which will be equipped on the Find X10 series. Users can handle multi-step tasks through the system assistant without needing to open Manus separately.

AI insurance startup Harbor AI ended its stealth mode on October 14, announcing the completion of a $10 million seed round financing, led by Base10 Partners, AbstractVC, and 8vc, with participation from RestiveVC, NFX, iEndeavors, Kibo Ventures, DidacLee, MVP Ventures, and others.Harbor AI was co-founded by Elechi, Cristian, Luis, and another co-founder, positioning itself to provide insurance for the agent economy. The company believes that as AI agents take on responsibilities traditionally held by humans, the sources of risk are shifting from human decision-making to machine behavior. Its goal is to make such risks measurable, manageable, and insurable, thereby creating a new category of insurance.

On October 12, Alessandro Savarese, the product head of the collaboration platform Airtable, stated that he joined Bending Spoons after completing the acquisition in early September and is responsible for product development. The team has communicated with customers, builders, account administrators, and partners to identify priorities for the remainder of 2026 and most of 2027. The vision is to place teams, data, workflows, and agents on the same platform, with investment directions including continuous improvement of the core product, enabling AI to collaborate with humans, and strengthening centralized control at the account level.Organizationally, Airtable will part ways with a significant portion of the pre-acquisition team, with relevant personnel leaving by the end of that week and receiving severance compensation. The article states that this does not reflect the quality of their work. Bending Spoons has sent in experienced engineers, product managers, and designers. For customers, the packages, pricing, and service content remain unchanged, and the customer-facing organization is unaffected. Bending Spoons S.p.A. has the NASDAQ ticker BSP and has completed the previously announced acquisition, with Airtable being used by over 500,000 organizations.In terms of products, the Speedy Squad has released over 30 improvements in the past three weeks, including increasing automation limits, automating the addition and deletion of record actions, and more granular editing permissions on list pages; this group will be merged into the Core team led by long-time employee Akshar Patel.

Bybit co-founder and CEO Ben Zhou stated in the keynote speech "Make Your Move" that Bybit is collaborating with Mantle to develop a tokenized stock product called mStocks, which is set to launch next month. According to him, mStocks will be backed 1:1 by real stocks, and users will be able to convert between real stocks and mStocks on the Bybit platform around the clock, with DEX trading supported on Mantle through AMM liquidity pools.The converted mStocks can enter the Bybit Unified Trading Account (UTA) as collateral for other trades, although the specific collateral conversion ratio has not been disclosed. Ben Zhou also mentioned that the recently launched Bybit Stocks has supported over 1,000 U.S. market stocks and assets, with stocks being custodied by partners, and there are plans to support stock lending and transfers from other brokerages in the future.

According to The Block, KB Kookmin Card has signed a memorandum of understanding with Japan's SBI Holdings to test AI agent-based identity verification and explore cross-border cryptocurrency payments.The two parties will study ways for Japanese tourists to pay Korean merchants using cryptocurrency assets, including stablecoins. KB Kookmin Card is a credit card company under KB Financial Group, and SBI Holdings is a Japanese financial holding group.

A7 International, created by Bank PSB, will launch on October 13. This service is primarily aimed at foreign trade operators, but individuals can also use it, with a fixed fee of 0.3%.A7 International allows users to pay invoices in foreign currency to counterparties using USDT, and the funds are then transferred to the desired currency via standard SWIFT bank transfer. Petr Fradkov, Chairman of PJSC Bank PSB, and Ilan Shor, CEO of A7, will introduce the product on October 13 at 13:13.A7 states that the company focuses on international trade payments and settlements, established in 2024 with the participation of PSB Bank, and is building payment infrastructure in over 100 countries. Its products include international payments, digital financial assets, and promissory notes, serving 15,000 clients and processing about 2,000 transactions daily; by 2025, approximately 19% of Russian companies' cross-border trade settlements will be processed by A7, and in October of the same year, it received an AA(RU) credit rating with a stable outlook from ACRA.

On October 12, 2026, Bulgarian bank Fibank (First Investment Bank) signed a strategic cooperation agreement with the Austrian licensed cryptocurrency service provider Bitpanda GmbH. The cooperation will allow Fibank customers to directly access cryptocurrency asset service technology provided by Bitpanda through the My Fibank mobile application. The article states that Fibank thus becomes the first bank in Bulgaria to offer integrated cryptocurrency trading access to its customers.Customers can apply and, once approved, use the related services through the embedded Bitpanda interface in My Fibank around the clock, with a minimum investment threshold of 1 euro. The cryptocurrency asset services are provided by Bitpanda, and access depends on Bitpanda's acceptance of potential customers and its applicable terms and standards. The article explains that these digital products are different from traditional deposits and financial instruments, and do not come with guarantees or compensation plans.Fibank CEO Nikola Bakalov stated that the cooperation with Bitpanda is the next step for My Fibank to expand financial services as a digital platform, emphasizing collaboration with European technology partners and compliance with applicable regulatory requirements. Bitpanda Enterprise's global head Nadeem Ladki stated that the two parties will bring cryptocurrency services to over 1 million customers in Bulgaria. Fibank claims to be the largest bank in Bulgaria by capital holdings, with core operations in Bulgaria and branches in Cyprus and a subsidiary in Albania.