Retail traders are quickly rotating out of XRP and piling into Stellar, with South Korea emerging as the main hotspot for the latest wave of crypto momentum. The move has been strong enough to push XLM ahead of XRP in trading activity on Upbit, the countryโs largest exchange.
DTCCโs engagement with Stellar doesnโt necessarily sideline the XRP Ledger or XRP; it reinforces a more likely outcome, an emerging multi-chain financial system where different networks serve different roles rather than competing for dominance.
The long-term relationship between Ripple and Stellar may resemble a financial-services duopoly, similar to Visa and Mastercard, where two parallel systems coexist, each powering a different but complementary segment of global finance.
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Brazilโs state-controlled oil giant Petroleo Brasileiro SA said it will reduce its average diesel selling price to distributors by 0.3515 reais per liter beginning June 1, lowering the price by 9.6% to 3.30 reais per liter. The reduction is tied to a federal subsidy program designed to offset the reinstatement of the PIS and Cofins fuel taxes.
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US company Graphite One has announced it has seured a new site in Ohio to produce 10,000-ton batteries domestically. Located in Conneaut, the company plan to produce what are called Active Anode Materials (AAM) at the new facility. Construction is expected to be completed by late 2027.
At present, the US remains entirely dependent on imported natural graphite. Graphite One is, in part, trying to tackle this issue by linking domestic mining, transportation, processing, and battery material manufacturing into a single supply chain.
The companyโs Graphite Creek deposit in Alaska, identified by the US Geological Survey as the countryโs largest graphite deposit, would supply raw material to the Ohio facility via the Port of Nome and Great Lakes shipping routes.
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Estonia's transport authority said it had cleared Tesla's โFSD driver-assistance system for use โon its roads, after recognising a type approval first granted in the Netherlands.
"FSD Supervised now approved in Estonia. โRollout will begin soon," โ Tesla โwrote on X.
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Dell Technologies Inc. introduced a redesigned XPS 13 laptop, positioning the device as a direct answer to Apple Inc.โs popular MacBook Neo, which stunned the budget PC market upon its debut in March with its features and price. The new Dell machine, offers a premium design that includes a high-resolution touch display and a backlit keyboard.
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There has been a notable increase in public interest in Stellar (XLM). Growing search activity could signal broader retail attention toward the digital asset.
Rising search trends often precede increased market activity, suggesting that retail investors may be paying closer attention to Stellar once again.
The broader public is beginning to discover a network that institutional participants have already recognized. Broader market recognition may now be catching up with developments that have been building over time.
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Both sides agreed to advance partnership for peace, progress and prosperity and to further collaborate in areas of trade, investment, connectivity, development partnership, capacity building, security and border management. India and Myanmar also agreed to fast-track infrastructure projects to strengthen economic ties, particularly by accelerating work on the Thailand Highway.
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Japan should create a legal framework for trading cryptocurrency exchange-traded funds (ETFs), the ruling Liberal Democratic Party (LDP) said.
"Crypto-ETFs would provide investors with easy-to-understand ways of investment," โ the proposal said.
The country's cabinet approved a draft amendment to classify crypto as a financial product in April, having previously treated it as a payment tool.
Attempts are already underway to develop and promote yen-based stablecoins, which are digital tokens pegged to the value of a traditional financial asset, such as a fiat currency.
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Nvidia Corp. is entering the PC market with a new chip aimed at loosening the stranglehold of Intel Corp. technology in that arena and modernizing the machines for the AI era.
Starting this fall, Nvidiaโs new RTX Spark Superchip will debut in laptop and desktop computers from leading PC brands including Dell Technologies Inc. and Lenovo Group Ltd., CEO Jensen Huang said. The product is a combination of microprocessor and graphics chip, built with help from Taiwanโs MediaTek Inc., that will run Microsoft Corp.โs Windows for Arm operating system.
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CharuSan, a known banking systems expert on X, has argued that XRP and XLM may be among the first major cryptocurrencies to benefit from the Clarity Act. According to him, years of development, testing, and institutional preparation could translate into meaningful adoption within 3 to 6 months of the legislation taking effect.
"After the Clarity Act, it means there will be nothing left standing in the way of banks, global entities, and all institutional firms. There are projects like XRP, XLM, SOL, HBAR, and many other major ones that have been preparing for this day for years," โ CharuSan wrote on X.
Moreover, CharuSan stated that XRP and XLM have already completed important testing phases, positioning them strongly if regulatory clarity arrives through the Clarity Act.
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Anthropic PBC has confidentially submitted draft paperwork for a public listing, potentially leapfrogging longtime rival OpenAI in the race toward a Wall Street debut as soon as this fall.
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China has begun operations of the world's first undersea data center directly powered by offshore wind. The Shanghai Lingang undersea data center demonstration project, built by a subsidiary of China Communications Construction, officially entered operation in the waters off Shanghai's eastern coast.
Its core innovation is what developers call a "direct offshore wind connection" model. The system also uses seawater as a natural cooling source through a circulating copper-pipe heat exchange design, reducing electricity consumption by 22.8%, eliminating freshwater use entirely and cutting land usage by more than 90%.
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๐ต๐ผโโ๏ธ Florida becomes first state to sue OpenAI over child safety risks
Florida sued OpenAI and its CEO Sam Altman on Monday, accusing the company of misrepresenting the safety of its ChatGPT platform, which the lawsuit said has harmed children by โproviding information to school shooters, offering guidance on self-harm and addicting young โusers.
Marking the first state to take legal action against the company, Florida Attorney General James Uthmeier, filed the lawsuit in Florida state court. It cited a shooting at a Tallahassee university last year โand a number of events in other states where ChatGPT allegedly provided information โto people who went on to commit violence.
The lawsuit seeks damages up to billions of dollars, Uthmeier said, plus a court order directing the company to change how โit interacts with young users.
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Florida sued OpenAI and its CEO Sam Altman on Monday, accusing the company of misrepresenting the safety of its ChatGPT platform, which the lawsuit said has harmed children by โproviding information to school shooters, offering guidance on self-harm and addicting young โusers.
Marking the first state to take legal action against the company, Florida Attorney General James Uthmeier, filed the lawsuit in Florida state court. It cited a shooting at a Tallahassee university last year โand a number of events in other states where ChatGPT allegedly provided information โto people who went on to commit violence.
"People are getting hurt, โparents are getting deceived, and they need to pay for it," โ Uthmeier told.
The lawsuit seeks damages up to billions of dollars, Uthmeier said, plus a court order directing the company to change how โit interacts with young users.
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Apple Inc. is planning a new service for the iPhone that will let users split bills for group dinners or other events, expanding its push into everyday financial tools and challenging third-party apps. The feature will allow users to photograph a receipt, assign items to different people and generate payment requests.
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Purdue University has announced a strategic partnership with GeChi Compound Semiconductor (GCCS) aimed at scaling and reshoring the manufacturing of silicon carbide (SiC) semiconductors. This has resulted in the signing of a five-year MOU focused on strengthening the collaborative research and development as well as on the creation of academic-industry workforce development initiatives.
"By combining our manufacturing scale with Americaโs leading academic institution, we are taking decisive action to secure the domestic supply chain for silicon carbide," โ Kuan-Ming Hsiung, board chairman of GCCS, said.
"This collaboration is not merely about advancing materials; it is about establishing the resilient, high-yield manufacturing capacity within the US that is absolutely essential for national tech security and the future of global critical infrastructure," โ he added. ๐ค
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MoneyGram has launched MGUSD, a native U.S. dollar stablecoin, positioning its own digital currency at the center of a global payments network that reaches more than 60 million active customers.
"MGUSD is the stablecoin we built for our customers, for the families sending money home and for the billions of people around the world with limited financial access," โ MoneyGram Chairman and CEO Anthony Soohoo said in a statement.๐คช
Stellar Development Foundation CEO Denelle Dixon called MGUSD the "next milestone" in demonstrating what a purpose-built blockchain can deliver when paired with a trusted payments network.
MoneyGram has been methodically building toward this point.
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Anthropic PBC is allowing 150 additional organizations around the world to access Mythos, an AI model aimed at finding cybersecurity vulnerabilities. The new organizations are based in 15 countries and span industries such as power, healthcare and communications.
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Ripple today announced that its enterprise-grade, USD-backed stablecoin Ripple USD (RLUSD) is now available to institutions in Tรผrkiye through three new partnerships with BiLira, Bitexen and Bitlo.
"RLUSD has rapidly gained traction in financial use cases, serving as a vital bridge for payments, tokenization, and collateral management,โ โ said Jack McDonald, SVP of Stablecoins at Ripple.
โAs enterprise demand scales globally, launching in Tรผrkiye represents a milestone in our expansion. Tรผrkiye sits at the crossroads of traditional finance and the digital economy, with one of the world's highest rates of crypto adoption. By providing a stable, USD-backed asset that is both transparent and fully regulated, we are empowering Turkish businesses to access global liquidity,โ โ he added.
Building on RLUSDโs momentum in Tรผrkiye, Ripple is also proud to announce Istanbul Technical University (ITU) as the latest partner in its global University Blockchain Research Initiative (UBRI).
Funded via RLUSD, this partnership will support advanced research initiatives and graduate fellowships while establishing an XRP Ledger (XRPL) validator directly on the ITU campus.
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