Polymarket has introduced its own USDC-backed stablecoin, Polymarket USD, as part of a planned upgrade to its trading and settlement infrastructure. This move comes as Circle faces criticism for a delayed response to a $285 million hack involving the Solana-based exchange Drift, raising concerns about operational readiness in stablecoin systems. Polymarket's new stablecoin aims to offer seamless conversion and potential future incentives, while Circle's handling of illicit fund transfers highlights the importance of quick incident response in maintaining market trust. These developments underscore growing regulatory and geopolitical challenges in the stablecoin sector, with competition intensifying among issuers.
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
China's $1.39 trillion program to clean up hidden local government debt is succeeding in reducing off-book borrowing but is causing austerity-like effects. Local governments, key drivers of infrastructure spending and economic growth, are cutting bac...
In Q2 2026, top contributors to growth included Taiwan Semiconductor Manufacturing, Alphabet, United Rentals, Apple, and Visa. Alphabet’s Google Search and Cloud segments showed robust revenue growth of 19% and 63%, respectively, boosting operating i...
ARCpoint Inc. announced it will likely miss the July 29, 2026 deadline to file its annual financial statements and related reports due to a lack of funds to pay auditors. The company has applied for a Management Cease Trade Order (MCTO) and awaits ap...
BlackRock reported strong Q2 results with net inflows of $192 billion, pushing assets under management (AUM) to a record $15.3 trillion. The firm's ETF business showed strong momentum, supported by new product launches and inclusion in Trump accounts...
