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โšก๏ธ๐Ÿ‡บ๐Ÿ‡ธTrump urges Senate to fast-track the Clarity Act to boost U.S. competitiveness in digital assets.

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๐Ÿค‘๐Ÿ‡ฌ๐Ÿ‡งUK Treasury report on tokenization cites Ripple as convergence model

Ripple secured a seat at the center of the U.K.'s push to move wholesale markets onchain, being named in a Treasury-backed report as one of the credentialed firms the plan leans on rather than a crypto entrant to be managed.

"Onchain funds, bonds and repo aren't experiments. They're already happening, delivering onchain financial instruments that are cheaper, better and faster than their legacy equivalents.

That's why we are proud to support HM Treasury's Wholesale Digital Markets taskforce and today's new strategy to scale tokenization in the UK," โ€” Ripple wrote on X.


โฌ‡๏ธ The UK has the capital markets depth and regulatory credibility to be a global leader in tokenised wholesale markets.

๐Ÿ“Estimates put the tokenised real-world assets market at $88 trillion by 2035. Up to ยฃ33 billion could be added to the UKโ€™s annual economic output and ยฃ14 billion in annual tax revenues by 2035.


The inaugural report, published on 13 July 2026, sets out actions for industry, supported by government and the UK regulators, to tokenise UK financial markets at scale โ€” including building secondary markets, tokenising collateral and building on the issuance of DIGIT, the UK Digital Gilt instrument.

โ—๏ธOver the next 12 months, the members of the cross-industry taskforce โ€“ currently 54 firms โ€“ will be working with the Wholesale Digital Markets Champion.

Ripple is included in that number. ๐Ÿš€

They will be supported by the City of London Corporation, working closely with industry partners: TheCityUK, the Investment Association, UK Finance, Innovate Finance. The taskforce will drive delivery of live end-to-end use cases, focusing initially on tokenised repo.

#Stellar

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๐Ÿ‡น๐Ÿ‡ท๐Ÿ‡ช๐Ÿ‡ฌTรผrkiye and Egypt signed a Letter of Intent on Defense Cooperation, marking a further step in the warming Tรผrkiye-Egypt relationship after years of tension.

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๐Ÿ‡จ๐Ÿ‡ณChinese prosecutors call for more proactive approach to investigating crypto money laundering

โฌ‡๏ธ Chinese prosecutors are calling for a more proactive, targeted approach to investigating cryptocurrency-related money laundering, according to an article.

"While virtual currencies improve transaction efficiency, their decentralized, anonymous, and cross-border circulation characteristics also provide unprecedented convenience for money laundering crimes," according to an article on the official website of China's top prosecutorial authority, the Supreme Peopleโ€™s Procuratorate (SPP).


โ—๏ธThe paper argues China's current legal framework has failed to keep pace with digital asset technologies, making it harder to investigate money laundering, collect evidence and recover stolen assets.

In particular, the authors singled out the use of mixers, privacy coins and decentralized exchanges, arguing that existing investigative methods struggle to trace transactions and gather evidence.

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Forwarded from ๐Ÿ’ฅ๐ŸธAvellar๐Ÿธ๐Ÿ’ฅ
12 July 2026

๐Ÿ‡ฆ๐Ÿ‡บ Australia is taking another major step toward digital transformation. ๐Ÿฆ˜

Over the next 12โ€“18 months, paper Incoming Passenger Cards will be phased out and replaced with a digital Australia Travel Declaration across all international airports and seaports.

After a successful trial involving more than 450,000 passengers, the new system aims to:

โœˆ๏ธ Speed up border processing.
๐Ÿ“ฑ Eliminate paper forms.
๐Ÿ›‚ Improve customs, biosecurity, and security risk assessments.
๐ŸŒŽ Create a smoother travel experience for both visitors and returning Australians.

This is another example of governments modernising public services through digital infrastructure. As more countries embrace digital-first solutions, we're seeing the continued evolution of border management, identity, and travel systems.

News article:
https://www๐Ÿ”ฃnews๐Ÿ”ฃcom๐Ÿ”ฃau/travel/digital-passenger-cards-to-be-rolled-out-at-all-australian-international-airports/news-story/e19fbd63aed8bdcfcd4127906d715828
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๐Ÿค– Meta expands colossal Hyperion AI supercluster plans to 5GW, pushes Louisiana investment past $50 billion as AI race accelerates

Meta has said it will expand its Hyperion data center in Richland Parish, Louisiana, to 5 GW (gigawatts) of compute capacity from an initial 2 GW, pushing the companyโ€™s planned investment in the region beyond $50 billion. The announcement confirms the long-signaled scale-up of what is already Meta's largest data center.

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๐Ÿ‡บ๐Ÿ‡ธPresident Trump will be making a Speech to the Nation on Thursday evening, at 9 P.M. Eastern.

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๐Ÿ‡จ๐Ÿ‡ณThis Chinese breakthrough might boost AI speed by 100 times

Chinese researchers have made a major breakthrough in AI technology. They have developed an all-optical interconnect system that connects standard electronic chips, increasing distributed inference speeds by over 100 times.

This new system also reduces the computational resources needed to just one-ninth of what is typically required. The study was published in the National Science Review journal, with Shu Haowen and Wang Xingjun from Peking University as corresponding authors.

#BRICS

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๐Ÿ‡ฐ๐Ÿ‡ท South Korea maintains blockchain economy push as AI takes center stage

South Korea's Ministry of Finance and Economy has reiterated its commitment to growing the local blockchain and digital asset economy, despite a stronger emphasis on AI development.

โ—๏ธThe ministry outlined plans to foster the blockchain economy as part of the country's economic growth strategy for the second half of 2026. These include promoting large-scale blockchain pilot projects and new technologies to strengthen competitiveness in the digital asset ecosystem.

โžก๏ธ To expand the use of blockchain in financial infrastructure, the government plans to launch a pilot project for tokenizing government bonds linked to an institutional CBDC project, slated for 2027. The Bank of Korea will also examine ways to ensure interoperability between the CBDC and other blockchains.

โžก๏ธ In an effort to boost the private digital asset sector, South Korean authorities will advance the proposed Digital Asset Basic Act for enactment in the second half of the year. The legislation, which has been in the works since mid-2025, is expected to lay out the basic legal framework for digital assets, including rules of business conduct and a set of rules for Korean won-pegged stablecoins.

โ€ผ๏ธ In conjunction with the legislation, the ministry said it will establish a legal basis for cross-border stablecoin transactions and support revisions to the Capital Markets Act to enable the launch of the country's first-ever spot cryptocurrency exchange-traded funds.

Furthermore, the government will explore ways to manage and trade Global Voluntary Carbon Market (GVCM) credits on the blockchain, in cooperation with international organizations. ๐Ÿš€

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๐Ÿ’ปMicrosoft starts testing cleaner Windows Search without ads

Microsoft is now testing a cleaner and faster version of Windows Search that should prioritize relevant results over ads and promotional content. These changes are part of a broader effort to improve Windows search, announced by Windows president Pavan Davuluri in March and aimed at delivering a more consistent experience across the Start menu, taskbar, File Explorer, and Settings.

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๐Ÿค‘ Ripple is proud to join the x402 Foundation as a Premier Member

The Linux Foundation announced the operational launch of the x402 Foundation, a new open-governance body formed to steward the x402 protocol โ€“ the open standard for internet-native payments over HTTP.

๐Ÿ”œ The Foundation is now fully active under formal, open governance to steward the x402 protocol โ€“ the universal standard that embeds secure payment capabilities directly into web interactions, allowing AI agents, APIs, and applications to process financial transactions as easily as they exchange data.

๐ŸŸ Under the neutral governance of the Linux Foundation, the x402 Foundation will allow developers, financial institutions, cloud providers and other community members to collaboratively shape the protocol's development.

โ—๏ธThis open structure ensures that payments remain highly secure and adaptable, supporting multiple payment types, from traditional cards to stablecoins, without vendor lock-in.

Since the Foundation's intent to launch in April, 40 organizations have joined as members. Ripple is included in that number. ๐Ÿš€

As AI agents begin to take on more of the transaction lifecycle, they'll need a way to pay that's as fast and reliable as the way they already exchange data.

"We've been helping build that future on the XRP Ledger with the tools and infrastructure developers need to enable agentic payments, including support for x402 that enables agents to transact using XRP and RLUSD today," โ€” Ripple wrote on X.


#Stellar

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โšก๏ธ๐Ÿ‡บ๐Ÿ‡ธTrump rescinds his 20% toll on cargo ships transiting the Hormuz Strait.

Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States. Those Investments will be MASSIVE but, at the same time, extraordinarily good for them, and their future.


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๐Ÿค‘ SDF is joining the x402 Foundation as a Premier member

SDF will hold a seat on the x402 Foundation Governing Board, representing SDF in the protocol's open governance.

โ—๏ธx402 is an open payment protocol that lets any API or web service charge per request โ€” no platform accounts, no billing system, no API keys required. A client hits your endpoint, pays in crypto, and gets the resource. All in one HTTP round-trip.

๐Ÿ”œ For AI agents that need to discover and pay for services autonomously, this is the difference between a workflow that runs and one that stalls.

๐ŸŸ The Stellar Development Foundation is a Premier member of the x402 Foundation, the Linux Foundation body stewarding the x402 standard under open, vendor-neutral governance.

๐ŸŸ As a Premier member, SDF holds a seat on the Foundation's Governing Board, represented by Tomer Weller, SDF's Chief Product Officer, helping ensure payments for the agentic economy stay open, interoperable, and free from lock-in.

x402 already works on Stellar today. Charge per request from any API, with payments that typically settle in about 5 seconds. ๐Ÿš€

#Stellar

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๐Ÿค– Reflection inks $1B compute deal with Nebius

Reflection AI
, a U.S. startup vying to develop open models, has signed a $1 billion compute deal with European AI infrastructure company Nebius. Nebius, formerly the international arm of Russian tech giant Yandex, will provide Reflection access to Nvidiaโ€™s latest chips.

The deal comes just a few weeks after the startup signed a similar deal to access SpaceXโ€™s computing resources, and mirrors several partnerships by AI firms as they race to secure compute for training and deploying their models.

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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฌ๐Ÿ‡งU.S., UK move to align rules for tokenized finance across world's largest financial markets

The United States and the United Kingdom have laid out a plan to make it easier for tokenized financial products to move between their markets, signaling that both governments want blockchain-based finance to become a bigger part of mainstream capital markets.

Both governments recognise the importance of promoting competition and innovation, protecting financial stability, safeguarding consumers, and maintaining public confidence in money, in a financial ecosystem that includes multiple forms of money.


โฌ‡๏ธ The report sets out 10 recommendations covering digital assets and traditional capital markets.

1. The UK and United States affirm that stablecoins are an important vehicle for innovation in digital money.

2. The UK and United States intend to stimulate competition and innovation through policies that facilitate the coexistence and circulation of different forms of digital money solutions.

3. The UK and United States intend to advance a timely, clear, and consistent legal, regulatory, and supervisory pathway for digital financial innovation, including for stablecoins.

4. The UK and United States affirm that stablecoins held out as money should be fully backed, on at least a one-to-one basis, by high-quality, liquid assets.

5. The UK and United States affirm that reserve, liquidity, and other prudential requirements for stablecoins should seek to mitigate risks and avoid unnecessary fragmentation.

6. The UK and United States intend to advance regulatory approaches that promote innovation and resilience, without imposing burdensome constraints that undermine commercial viability, create barriers to entry, or hinder competition.

7. The UK and United States support the integration of well-regulated stablecoins into activities including payments, settlement, and tokenised financial markets.

8. The UK and United States intend to set high standards for the custody, segregation, and protection of stablecoin reserves.

9. The UK and United States support clarity, predictability, and cross-border coordination in the event of any potential failure of a stablecoin issuer.

10. The UK and United States affirm the importance of formal mechanisms to enable cross-border stablecoin activity as a feature of domestic regulatory and supervisory regimes.

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๐Ÿš€ The rocket carrying the crewed spacecraft "Soyuz MS-29" and the US-Russian crew for the 75th mission to the International Space Station (ISS) has successfully launched from the Baikonur Cosmodrome.

#BRICS

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๐Ÿ‡บ๐Ÿ‡ธNew York State halts construction of all new data centers

New York became the first state to halt data center construction after Gov. Kathy Hochul signed an executive order today that temporarily bars the state from approving new permits for large projects.

Hochulโ€™s order applies to data centers 50 megawatts or larger, potentially affecting more than a dozen projects. The stateโ€™s Department of Environmental Conservation will not issue any permits that havenโ€™t already been completed.

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๐Ÿค– DeepMind CEO calls for an independent standards body to regulate frontier AI

Google DeepMind CEO Demis Hassabis called for the creation of a new regulatory body to oversee frontier model releases.

๐Ÿ”œ Titled โ€œA Framework for Frontier AI and the Dawning of a New Age,โ€ the post makes the case for a โ€œstandards bodyโ€ modeled after the Financial Industry Regulatory Authority (FINRA), which could test frontier models and develop best practices for their release.

โ€œInitially, Frontier Labs would voluntarily share models with the Standards Body for review up to 30 days before release,โ€ the post reads. โ€œOnce the assessment protocol is shown to be effective and robust, formalisation could quickly follow, meaning that Frontier Models would be required to pass it to be deployed in the US market. Labs would also work with the Standards Body to address any critical post-release vulnerabilities.โ€


The proposed system would build on the ad hoc reviews performed by the U.S. government on Anthropicโ€™s Mythos and OpenAIโ€™s Sol. Under Hassabisโ€™ proposed regulator, those decisions could be handed off to a new organization, backed by the U.S. government but funded by the AI industry and operated independently.

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