executives

ChianCatcher news, Circle's Senior Director of Strategy and Policy for the EU, Patrick Hansen, pointed out in a tweet that among the approximately 23 authorized electronic money token (EMT) issuers in the EU, only 9 have been granted permission to provide crypto asset services (CASP). This means that only these 9 can offer custody and transfer services for the stablecoins they issue, while the remaining 14 can only mint or burn tokens directly to customer wallets and cannot hold or send stablecoins on behalf of customers. This greatly limits the range of services that issuers can provide.Hansen stated that Circle has obtained the necessary CASP approval through the MiCA Article 60 notification procedure to provide custody or payment services related to USDC and EURC for institutional clients. He expressed surprise that more EMT issuers have not taken this step. The 9 that can currently offer some crypto asset services include Circle, Société Générale - Forge, CACEIS Bank, Banking Circle, Bridge, Fiat Republic, Newrails, Blue EMI, and Stable Mint.

Rosherville Pty Ltd, a shareholder of the Australian Securities Exchange (ASX), has notified the ASX of its intention to apply to the Federal Court for permission to initiate a statutory derivative action against certain former ASX officials and directors. If approved, Rosherville will sue on behalf of the ASX. The ASX stated that the relevant lawsuit does not accuse the ASX itself, but has not disclosed the identities of the former officials involved, the specific obligations allegedly violated, or the remedies sought. The Federal Court has not yet considered whether the case can proceed.The ASX has been advancing a blockchain-based CHESS clearing and settlement system replacement project since 2016, which was suspended in November 2022 and abandoned the blockchain solution in May 2023. On July 3, 2026, the Federal Court ordered the ASX to pay a fine of $14.4 million and $2.1 million in litigation costs to the Australian Securities and Investments Commission (ASIC).

On August 7, local time, U.S. President Trump will convene executives from several major mining companies at the U.S. Department of State to take action to secure the supply of critical minerals for the U.S. and its allies.Expected industry giants in attendance include Rio Tinto Group, BHP Billiton, and Freeport-McMoRan Copper & Gold Inc. The Trump administration plans to announce multiple transactions and memoranda of understanding.

Circle's Senior Director of Strategy and Policy, Patrick Hansen, stated that after the comprehensive implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), licenses have been issued for 35 electronic currency tokens from 21 issuers, and local issuers are making good progress. Patrick Hansen pointed out that the strict regulations of MiCA have made it impossible for most major stablecoin issuers, including Tether, to meet operational requirements. Currently, only USDG, USDC, and EURC comply with the framework requirements, while other stablecoins fall outside the regulatory scope of MiCA, leaving EU users unprotected or unable to access services.He believes that the upcoming review of MiCA should address this issue and provide a more pragmatic operational pathway for foreign issuers. The EU's Directorate-General for Financial Stability, Financial Services, and Capital Markets Union launched a public consultation on May 20 to assess whether the current framework is still applicable, with the consultation continuing until September 30.

The Securities and Exchange Commission (SEC) of Thailand has filed a criminal complaint against the cryptocurrency exchange Bitkub Online and two former directors, Sakolkorn Sakavee and Thaweesap Rawan, accusing them of submitting false financial reports between May and October 2021. The case has been handed over to the Economic Crime Suppression Division (ECD) of Thailand for investigation, and the prosecution will decide whether to formally charge them.The SEC stated that Bitkub suffered a cyber attack in May 2021, resulting in the theft of 16 types of digital assets, with losses exceeding $50 million. Regulatory investigations revealed that Bitkub did not reflect the relevant losses in its daily net capital report Form DA 1 from May 10 to October 30, 2021. The SEC alleged that the relevant executives made false statements in the company's official documents, leading regulators to believe that customer assets were intact and that the company had not suffered financial losses. Bitkub subsequently completed the acquisition of alternative assets in late October 2021, but the SEC believes that the reports during this period constituted false statements.In a statement on July 23, Bitkub asserted that existing customer holdings are secure and accounts are complete. Bitkub stated that its co-founders purchased alternative assets in the same quantity and currency to cover the losses and claimed that the cyber theft incident was reported to law enforcement on May 10, 2021.

According to The Block, Trezor's Chief Business Officer Danny Sanders refuted recent criticisms of cryptocurrency hardware wallets made by blockchain investigator ZachXBT.Earlier this week, ZachXBT posted on Telegram, "All hardware wallets are complete garbage and I do not recommend using them for important tasks such as signing transactions or storing funds," and suggested that users use a dedicated iPhone to store funds and sign transactions.In response, Sanders acknowledged in an interview that firmware/software updates for hardware wallets can sometimes interfere with urgent or large transactions, and that the user experience can indeed be "clunky," understanding the users' frustration. However, he opposed ZachXBT's blanket statement: while hardware wallets may not be the best single solution for advanced users managing large amounts of funds, they are not garbage.He pointed out that compared to hardware wallets, the operating system and connectivity features of an iPhone present more "attack risks." For the average cryptocurrency user, hardware wallets remain the best self-custody option available.

According to KPMG's latest survey report involving 2,145 executives from 20 countries, as technology companies like Anthropic, OpenAI, and GitHub recently shifted some of their AI services from fixed subscription models to usage-based billing, businesses are facing challenges in cost forecasting and management during the scaling of AI deployment.The report indicates that 29% of corporate executives find it difficult to understand and control operational costs when scaling AI deployment, and one-third of executives believe that insufficient understanding of AI economics hinders the deployment of AI entities. Due to costs exceeding expected value, nearly half (about 49%) of corporate organizations have chosen to delay or readjust their AI deployment plans; meanwhile, low-cost, high-fidelity large models are accelerating their impact on corporate AI strategies.In addition, tech giants are increasing capital expenditures to build AI capacity. Amazon plans to spend about $200 billion on capital expenditures this year and is investing $1 billion in its AWS frontline engineering organization to assist customers in adopting AI entities; Microsoft's total capital expenditure is expected to reach $190 billion this year, with $2.5 billion allocated to the new entity Microsoft Frontier Company. KPMG emphasizes that, in addition to cost pressures, accountability in AI governance, employee engagement rules, and the prevention of system "hallucinations" remain core challenges faced by businesses today.

Strive's Vice President of Bitcoin Strategy Joe Burnett stated that there are currently three types of investment views on Bitcoin in the market: first, the bulls, who believe that Bitcoin's long-term annualized return rate is higher than the cost of financing, and therefore are willing to borrow long-term capital to increase their Bitcoin holdings; second, the neutral investors, who view Bitcoin as a "Digital Credit" asset, only needing to believe that Bitcoin will not disappear and can generally follow the growth of USD inflation over the long term to meet their return needs.For example, according to Michael Saylor, if Bitcoin grows at an average annual rate of 3.3%, it can sustainably rely on capital gains to pay current dividends; third, the bears, who can express their views by shorting Bitcoin or leveraging Bitcoin products. Burnett believes that as bulls, neutrals, and bears all have corresponding Bitcoin investment tools, more capital is expected to enter the Bitcoin market.

Strive's Vice President of Bitcoin Strategy Joe Burnett stated that the annualized rate of return (ARR) for Bitcoin's breakeven point is often misunderstood, and understanding this concept is crucial for grasping the market. He categorized global capital allocation to Bitcoin into three paths: Bullish Bitcoin - believing that Bitcoin will appreciate significantly, borrowing long-term funds at a cost of less than 20% to increase positions; Neutral Bitcoin (digital credit) - Bitcoin only needs to grow by 3.3% annually to permanently cover dividends through capital appreciation, such buyers only need to believe that Bitcoin will not disappear and will outpace inflation, which may have become a global consensus; Bearish Bitcoin - expressing a bearish view through shorting Bitcoin or amplifying Bitcoin.Burnett pointed out that these three paths correspond to three types of Bitcoin-linked instruments, allowing major global capital allocators to find allocation methods that match their worldview, which is precisely the path through which over a trillion dollars of capital is gradually flowing into the Bitcoin market.

Strategy Investor Relations Director Chaitanya Jain stated that STRC is gradually recovering after a brief fluctuation.He mentioned that the company's goal is to maintain STRC's long-term trading price in the range of $99 to $100, and it will support this through variable dividend rates, continuous increases in dollar reserves, improving Bitcoin ratings, removing convertible bonds, implementing stock buybacks, and functional upgrades.

According to Business Insider, Worldcoin developer Tools For Humanity previously hired two law firms to investigate internal financial irregularities, employee classification, and whether there were violations of the U.S. Foreign Corrupt Practices Act in its operations in Thailand.The report also stated that the investigation involves allegations of senior management approving large payments to foreign companies to boost the performance of Worldcoin tokens. The company stated that after the investigation, it has terminated its relationships with Thai partners and strengthened internal compliance policies and due diligence processes, and currently has not found sufficient evidence to prove that the company or its employees violated relevant anti-bribery laws.

During the 2026 New York Tech Week, Zack Anderson, Chief Data and Analytics Officer of J.P. Morgan Payments, shared the latest applications and strategic outlook of AI in payment infrastructure at a seminar. He stated that the application of AI in the banking industry is becoming increasingly mature, with most AI agents currently operating invisibly in the background, significantly enhancing the efficiency of payment flows and risk management capabilities.Anderson pointed out that with the proliferation of Agentic AI, the core challenge facing the payment sector lies in the governance and auditability of "machine authorization" (especially for high-value payments). He emphasized that leveraging AI to handle complex cross-border payment compliance rules is an important opportunity in the near term, which is expected to significantly reduce payment rejection rates. Furthermore, although current corporate AI investments are largely focused on the customer front end, "Agentic Treasury" will be an important early opportunity for the future, and its large-scale application will still rely on further improvement of underlying data and governance infrastructure.

According to a report by TheStreet Roundtable, Coinbase's Head of Institutional Sales, John D'Agostino, stated in an interview at the New York Stock Exchange that Coinbase is committed to migrating the existing financial infrastructure from the outdated ledger system of decades ago to a faster, cheaper, and more stable blockchain ledger, with the goal of becoming a fully functional integrated financial platform in the crypto space.D'Agostino pointed out that Coinbase's current growth mainly comes from four directions: first, derivatives; the company acquired the world's largest crypto options exchange, Deribit, for $2.9 billion last year, becoming a market leader in this field; second, tokenized securities; approximately 20 stocks have been tokenized and are continuously expanding, with assets like REITs included in the tokenization scope, claiming the market size is about $15 trillion; third, DeFi; Coinbase has become the official USDC treasury deployer for the Hyperliquid platform, with about $5 billion USDC in revenue used for repurchasing HYPE tokens on the platform; fourth, stablecoins; continuously deepening the coverage of USDC in the on-chain market.He summarized Coinbase's positioning as, "The safest custody for crypto assets is our foundational moat, while hyper-fast growth comes from tokenizing everything and creating universal applications."

According to CoinDesk, Ondo Finance has hired former Invesco ETF executive and Grayscale Managing Director John Hoffman, aiming to expand its tokenized investment products beyond stocks and government bonds.John Hoffman will serve as Managing Director and Head of Portfolio, focusing on building and distributing tokenized portfolios, including portfolios co-developed with asset management companies and strategies built around Ondo's existing products.This move indicates that Ondo Finance plans to go beyond tokenized versions of single assets and shift towards custodial investment products on the blockchain. Currently, the market size for tokenized assets has exceeded $30 billion.

According to Bitcoin Magazine, Coinbase's Vice President of Tax, Lawrence Zlatkin, has proposed to U.S. lawmakers to establish a de minimis capital gains tax exemption threshold for everyday small Bitcoin transactions, arguing that "Americans shouldn't have to hire an accountant just to buy a pair of jeans with BTC."

According to Jinshi reports, Nvidia CEO Jensen Huang stated that the company's new Vera central processing unit will use SK Hynix memory chips, and the two companies expect to expand their cooperation in the coming year.Jensen Huang told reporters outside a restaurant in Seoul on Sunday that he had dinner that day with SK Group Chairman Chey Tae-won, SK Hynix CEO Lee Seok-hee, and executives from SK Telecom. He said, "Our collaboration with SK Hynix this year is very large, and we are preparing for even larger-scale cooperation in the second half of this year and next year. We launched the Vera CPU, which is a revolutionary central processing unit, and it will also use SK Hynix's DRAM memory." Vera is Nvidia's first standalone data center microprocessor, which will directly compete with Intel's Xeon series, AMD's EPYC chips, and Amazon's self-developed Graviton chips.Jensen Huang arrived in South Korea on Friday to visit partners and suppliers, and plans to meet with Samsung Electronics Vice Chairman Lee Jae-Yong on Monday, as well as senior executives from Hyundai Motor Group and LG Group. He also mentioned that discussions are ongoing with telecom companies, as future telecom networks will be used for artificial intelligence applications.

According to the information released by the SEC, several executives of Robinhood (HOOD) conducted multiple transactions on June 3.General Counsel Daniel Martin Jr Gallagher sold 10,000 shares of the company's stock at an average price of $83.68 per share, totaling approximately $836,800, reducing his holdings to 481,396 shares.Chief Brokerage Officer Steven M. Quirk sold 10,837 shares of the company's stock at an average price of $85.91 per share, totaling approximately $931,000, reducing his holdings to 81,989 shares.Director Meyer Malka purchased 181,000 shares of the company's stock at an average price of $83.45 per share, totaling approximately $15,103,900, increasing his holdings to 7,754,656 shares.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has added Iran's largest cryptocurrency exchange Nobitex, as well as three Iranian cryptocurrency exchanges Wallex, Bitpin, and Ramzinex, to its sanctions list, and imposed sanctions on Nobitex's chairman and co-founder Amir Hossein Rad, current CEO Seyed Ali Khoee, and several co-founders and executives.The U.S. Treasury accused Nobitex of processing over 50% of Iran's cryptocurrency inflows in 2025 and providing support for transactions related to the Islamic Revolutionary Guard Corps (IRGC), ransomware organizations, and sanction evasion activities. It also assisted the Central Bank of Iran in obtaining hundreds of millions of dollars in stablecoin funding. U.S. officials stated that after U.S. military actions against Iran, Nobitex helped transfer and protect the assets of the Iranian regime.In addition, the Treasury stated that Iran's second-largest cryptocurrency exchange Wallex, as well as Bitpin and Ramzinex, were also found to have links to transactions related to the IRGC. Among them, Wallex received about 12% of Iran's cryptocurrency inflows in 2025, Bitpin accounted for about 10%, while Ramzinex, established in 2018, has processed over $2.45 billion in transactions.This action is part of the Trump administration's "Economic Fury" strategy to exert maximum pressure on Iran. The U.S. Treasury stated that it will continue to combat Iran's use of digital assets for terrorist financing and sanction evasion and reserves the right to impose secondary sanctions on foreign financial institutions and companies that assist Iran's illegal trade.