Bank of China's Shenzhen and Fujian branches processed two cross-border transactions, each over US$1.7 billion, via the mBridge multilateral CBDC platform. This marks a significant step for the emerging payment network and China's ambition to internationalize the yuan, bypassing Western-centric financial systems.
Blockchain technology, initially proposed by Haber and Stornetta and popularized by Nakamoto, is a distributed digital ledger that stores data in immutable, timestamped blocks. It enables secure, decentralized transactions without third parties, used in cryptocurrencies and adopted by companies like Walmart and IBM for supply chain tracking, offering benefits like increased accuracy and security despite data storage limits and regulatory changes.
Circle, the issuer of the USDC stablecoin, has received final approval from the US OCC to establish First National Digital Currency Bank (FNDCB), operating as Circle National Trust. This federally regulated trust institution will initially offer digital asset custody services for Circle and its affiliates, with potential future expansion to institutional clients.
Russia's Energy Ministry has drafted a resolution to ban digital currency mining in Moscow, Moscow Region, and specific areas of the Kursk Region from July 1, 2026, to December 31, 2032. This follows previous bans in other Russian regions.
President Trump unexpectedly canceled a housing bill signing, delaying a temporary ban on a Fed-issued digital dollar. He conditioned his signature on Congress passing the SAVE America Act, an elections bill requiring voter ID and proof of citizenship, frustrating lawmakers.
The US House passed the 21st Century ROAD to Housing Act, banning central bank digital currencies (CBDCs) until 2030, with President Trump expected to sign it into law. The bill tackles housing affordability and includes a carve-out for crypto stablecoins.
The European Parliament's Economic and Monetary Affairs Committee has approved the digital euro, a central bank-issued digital currency, to reduce the EU's reliance on US-controlled payment systems like Visa and Mastercard, which dominate 61% of euro area card payments.
The US Senate passed the 21st Century Road to Housing Act, which includes a ban on the Federal Reserve creating a central bank digital currency (CBDC) until 2030. The bill, expected to pass the House, aims to increase housing supply and includes carve-outs for stablecoins.
Macau has officially joined the mBridge project, a multi-CBDC platform for cross-border payments, enhancing connectivity with Portuguese-speaking countries and paving the way for digital yuan integration.
Macau's Monetary Authority launched the mBridge system on June 2nd, enabling three local banks to complete 23 cross-border transactions totaling nearly 1.3 billion MOP. The system uses central bank digital currency and distributed ledger technology for efficient, secure, and low-cost cross-border payments.
On the third day of the TECH conference, discussions focused on enhancing security policy prevention measures, with Hypo CTO advocating for a Euro-linked stablecoin to bolster Europe's digital currency landscape.
Macau's Monetary Authority hosted a seminar on central bank digital currency development and cross-border innovation with Portuguese-speaking countries. The event aims to build an international exchange platform for CBDC and promote financial cooperation.
US House Republicans are pushing for a permanent ban on a central bank digital currency (CBDC) via an amendment to the 21st Century ROAD to Housing Act. The bill, which includes housing program revisions, aims to prevent the Federal Reserve from issuing a CBDC, with a vote expected this week.
Myanmar's military government has proposed the Anti-Online Fraud Bill, introducing severe penalties including life imprisonment and the death penalty for digital currency and online fraud. The law targets scam centers and comes amid international efforts to combat such operations.
Strategy's Bitcoin sales will not move the markets, despite it owning more than 4% of the digital currency's maximum supply, Le said.
Justin Sun alleges World Liberty Financial installed tools to prevent sale of his tokens after they became tradeableBillionaire crypto entrepreneur Justin Sun on Tuesday sued World Liberty Financial, the digital currency venture co-founded by Donald Trump and his sons, alleging that World Liberty illegally froze his holdings of tokens issued by the company.Sun, the largest investor in World Liberty, alleged in the lawsuit, filed in a federal court in California, that the company secretly installed tools to prevent the sale of his tokens after they became tradeable in September 2025. The lawsuit also alleges that World Liberty threatened to “burn” – or permanently delete – his holdings, even while they were in Sun’s digital wallet. Continue reading...
CoinDesk reports that KelpDAO suffered a $290 million exploit on Saturday, making it 2026's biggest crypto hack. Two blockchain servers hosted by LayerZero were compromised during the heist.
