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Upbit and Samsung withdraw from Open USD stablecoin project, casting doubt on consortium's partner claims.

Market News
03 Jul 2026
Crypto Briefing
View Source
Bearish
pluang ai news

South Korea's largest crypto exchange Upbit, operated by Dunamu, confirmed it is not participating in the new Open USD stablecoin issuance, following a similar move by Samsung Electronics. This raises questions about the consortium's claim of over 140 partners, suggesting many may not be fully committed. Open USD promised zero fees and revenue sharing, challenging existing stablecoin issuers like Circle, whose shares dropped after the announcement. Investors should watch which partners truly engage as the project progresses in 2026, since being listed does not guarantee active involvement.

More News

SCOR reports 179.4 million shares and voting rights as of June 30, 2026.

SCOR reports 179.4 million shares and voting rights as of June 30, 2026.

SCOR, a global reinsurer, declared it has 179,400,399 shares and an equal number of voting rights as of June 30, 2026. This update complies with French regulatory requirements and reflects the company's share capital structure. SCOR continues to serv...

Company Fundamentals
Neutral
49 minutes ago
SCOR reports 179.4 million shares and voting rights as of June 30, 2026

SCOR reports 179.4 million shares and voting rights as of June 30, 2026

SCOR, a leading global reinsurer, announced that as of June 30, 2026, its total number of shares and theoretical voting rights stands at 179,400,399. This update is part of regulatory disclosures under French commercial and financial market laws. SCO...

Company Fundamentals
Neutral
49 minutes ago
Euronext reports half-year liquidity contract results with stable assets and transaction volumes.

Euronext reports half-year liquidity contract results with stable assets and transaction volumes.

Euronext released its half-year liquidity contract statement ending June 30, 2026, showing 3,000 shares and nearly €19.8 million in cash in the liquidity account. The period saw roughly 8,600 buy and 9,000 sell transactions, with close to 982,000 sha...

Company Fundamentals
Neutral
51 minutes ago
Court urged to halt NYC's unconstitutional rideshare tracking violating Fourth Amendment

Court urged to halt NYC's unconstitutional rideshare tracking violating Fourth Amendment

New Civil Liberties Alliance (NCLA) challenges New York City's Location Reporting Rules that require rideshare companies like Wheely USA and Uber to provide detailed location data of drivers and passengers without warrants. The U.S. District Court di...

Market News
Bearish
1 hour ago
U.S. Bitcoin ATM network shrinks 27.7% in H1 2026, driving nearly all global losses

U.S. Bitcoin ATM network shrinks 27.7% in H1 2026, driving nearly all global losses

The global Bitcoin ATM network declined by 27.7% in the first half of 2026, dropping from 39,158 to 28,322 machines. This loss of 10,836 ATMs was overwhelmingly driven by the United States, which saw its network shrink by 10,380 machines, accounting ...

Market News
Bearish
1 hour ago
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