Visa has introduced the Visa Stablecoin Platform (VSP), enabling banks, fintechs, and payment providers to mint, store, transfer, and redeem stablecoins through a single system. The platform initially supports Open USD, a stablecoin backed by a consortium including Visa and Mastercard, offering fee-free minting and a shared revenue model. This move challenges Circle's USDC stablecoin by providing institutions with integrated tools alongside Visa's existing payment infrastructure. The success of VSP and Open USD will depend on adoption by financial companies to compete with USDC's established market presence.
Virtuals Protocol has introduced programmable agent wallets that enforce owner-set spending limits and kill switches at the signing layer, protecting funds from AI prompt injection attacks. These wallets operate independently of the AI's decision-mak...
Nvidia is strategically investing in the AI ecosystem by subsidizing major AI infrastructure projects, similar to how a nation-state might operate. This approach is aimed at expanding its future market and creating a strong competitive moat. Early si...
Comvita reported a net profit after tax (NPAT) of $7.7 million for the fiscal year ending June 30, 2026, marking a return to profitability. The company also significantly reduced its debt, normalized inventory levels, and restored positive cash flow....
Six months after the US and Israel launched combat operations in Iran, the conflict remains a stalemate with no clear resolution. The Trump administration has shifted from military action to economic pressure, including secondary sanctions, aiming to...
The U.S. SEC declared Evernorth Holdings' Form S-4 registration effective, allowing Armada Acquisition Corp. II shareholders to vote on the proposed merger on September 30, 2026. This merger would create a Nasdaq-listed company under the ticker XRPN,...
