Open USD introduces a new stablecoin model that shares reserve yield with distribution partners instead of the issuer, aiming to realign incentives for wallets, payment processors, and fintechs. This approach could disrupt USDC's long-standing dominance by offering partners a direct share of reserve earnings, potentially changing how stablecoins are integrated and used in payments and DeFi. However, liquidity, trust, and regulatory hurdles mean this shift will take time. Market reaction included a significant drop in Circle's stock, signaling investor concern. The success of Open USD depends on proving reliable liquidity, governance, and redemption processes while incumbents may respond with new incentives to maintain their market position.
Chery Auto officially opened its Rosslyn Plant in South Africa, transforming from an importer to a local manufacturer and retaining all 692 employees. The plant, originally built in 1963, will be upgraded to produce 50,000 vehicles annually by mid-20...
Claims that Sui's public mainnet reached over 6 million transactions per second (TPS) are misleading. Verified data shows Sui's real-world TPS averages in the low hundreds, with peaks around 900 to 1,000 TPS. The 6 million TPS figure is linked to Sol...
Aave's new lending market on the Monad blockchain surpassed $100 million in deposits within 48 hours of launching on July 2, 2026. Monad is a high-speed, EVM-compatible Layer 1 chain known for its fast transaction speeds, making it attractive for DeF...
The MARS2 Multimodal Reasoning Competition, sponsored by Tec-Do and MiniMax, has been officially launched to coincide with the ECCV 2026 conference. With a $100,000 prize pool, the competition challenges AI models to perform complex, open-world reaso...
China's Alibaba will prohibit its employees from using Anthropic's AI programming tool, Claude Code, beginning July 10. This follows Anthropic's own restrictions banning Chinese companies and their foreign affiliates from accessing its models. Alibab...
