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๐Ÿ‘›๐Ÿค‘ Para Now Supports the Stellar Network

Teams building payments products can now create embedded wallets on Stellar. Apps moving money across borders, paying out to contractors, or settling in stablecoins can give users a wallet that feels native to the product, running on a network built for exactly this kind of work.

๐Ÿ“Œ What Para Adds:

๐Ÿ”œ Para gives fintechs building on Stellar the wallet layer on top. Users sign in with methods they already know and get an embedded wallet that lives in context to the app, with no separate download and nothing fragmented to explain to a first-time user. Every wallet is secured with Distributed MPC, so no single party holds the full private key.

๐Ÿ”œ Para embedded wallets also support Stellar Smart Contracts so users can interact with onchain logic directly from the app, from programmable payments to more complex settlement flows, with no external wallet to connect.

โ—๏ธAdding Stellar does not mean rebuilding anything. You write against the same SDK and auth you already use, and Stellar joins the networks Para supports across web, mobile, and server signing.

"Para brings the wallet layer that payments builders on Stellar are looking for, one that's embedded, secure, and simple enough. Pairing that experience with a network built for fast, low-cost stablecoin settlement makes it easier than ever for fintechs to ship cross-border products people actually want to use," โ€” said Raja Chakravorti, Chief Business Officer, SDF. ๐Ÿš€


#Stellar

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๐Ÿค– OpenAI Models Joined Forces Months Ahead of Hugging Face Hack

OpenAI models that broke out of their testing environment in an "unprecedented cybersecurity incident" recently reportedly spent months communicating with each other, unbeknownst to researchers conducting the test.

The models left notes for each other before deciding to break out in a bid to cheat the task they had been set. According to the report by OpenAI's Eric Wallace and Michael Dalton:

"Multiple internal-only agents and AI models spent months leaving notes for each other and coalescing around the goal of accessing the internet to solve the tasks they had been given.

"At some point, the agents realized that maybe we could try to exploit or attack external infrastructure to find the answers to the test that Iโ€™m being evaluated on."


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โšก๏ธ๐Ÿ’ณ Google Wallet Expands Parental Controls, Adds Parent-to-Child Money Transfers in the US

The update builds on Walletโ€™s existing option for minors to add a credit card to a parentโ€™s Google account, which can then be supervised via Family Link parental controls. In addition to allowing kids and teens under the age of 18 to receive money, Google is rolling out scheduled automated payments.

Parents can also now set daily spending limits and oversee their account activity through transaction history or push notifications. Guardians can lock or unlock the balance remotely.

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๐Ÿค– Terafab will be built in Grimes County, Texas

"Both Tesla & SpaceX will need far more chips than current & future global production can supply.

This is why we're building the largest chip manufacturing facility ever, with the goal of producing over 1 terawatt of compute per year," โ€” Tesla wrote on X.


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โšก๏ธ๐Ÿง‘โ€โš–๏ธ House Democrats pitch AI tax to fund worker protections

The AI Tax and Work Protection Act, championed by Reps. Greg Casar (Texas), Valerie Foushee (N.C.) and Sara Jacobs (Calif.), would tax AI companies and use the proceeds to fund a jobs program, which is dubbed the Work Protection Administration, aimed at offsetting AIโ€™s impact on workers.

Leading AI companies would pay a tax on either the price of the tokens they sell or the revenue they generate selling their products, depending on which value is higher. The tax would also be increased if the unemployment rate rises.

โ€œRight now, the federal government is doing nothing to protect workers from the threat of AI mass unemployment,โ€ โ€” Casar said. โ€œOur bill would protect American workers by making big AI companies pay their fair share.โ€


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๐Ÿค‘ Blink and you'll miss it. Unless you've been paying attention.

โณSometimes decades happen in weeks. Not because the technology arrives quickly, but because the buildup was already done and the unlock was regulatory.

"One of the things that we know, and one of the beauties of being part of the Stellar Foundation is that Stellar was built for financial services, and we do financial services on financial services only. So we understand that you need to love your regulator," โ€” Josรฉ Fernรกndez da Pont, President & Chief Growth Officer, SDF.


๐Ÿ‡ง๐Ÿ‡ทBrazil is proof of what's possible when clear regulation meets real-world utility:

โœ… The infrastructure is built.
โœ… The use cases are real.
โœ… And the path to scale is opening fast. ๐Ÿš€

#Stellar

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๐Ÿ”ฅ Swift Announces Step Forward in International Money Transfers for Consumers in the US with Bank of America and J.P. Morgan Among First to Go Live

Individuals and small businesses receiving money from family, friends or businesses abroad will get a faster, clearer experience as Bank of America and J.P. Morgan go live with a new initiative from Swift, the organisation behind the global network that connects more than 11,500 financial institutions in over 200 countries and territories.

โ—๏ธBank of America and J.P. Morgan are among the first banks in the country to implement the initiative, and will initially be able to provide the improved experience for payments from Australia, Brazil, China, India, South Africa, South Korea, Spain and Turkey.

๐Ÿฆ Over 60 banks from 25 countries so far are backing the initiative, which just went live this year.

โ€œWeโ€™re proud to be working with Swift to help set a new standard for international retail payments. By improving speed and predictability in cross-border payments, this initiative gives consumers clearer visibility into when funds will arrive and what the costs will be.

Itโ€™s an important step toward more consistent, transparent cross-border retail payments, and we look forward to supporting broader adoption as more banks and payment corridors join the network," โ€” said Andrew Smith-Plenderleith, Global Head of High Value Payments at J.P. Morgan Payments.


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๐Ÿฆ  This A.I. Just Created Viruses Not Found in Nature

For the first time, scientists have used AI to create new kinds of viruses, raising hopes for medical advances while also raising the disturbing possibility that the technology could someday be used to invent dangerous pathogens.

๐Ÿ“ Scientists at the Arc Institute taught A.I. to recognize patterns of DNA structure in nature, and then to use that data to write recipes for entirely new viruses, according to the new study, published in the journal Science.

The researchers followed those recipes to create DNA molecules, which they inserted into bacteria. The modified bacteria then produced viruses never seen in nature. The viruses were able to infect other bacteria, demonstrating that they were viable.

โ—๏ธThe viruses dreamed up by A.I. do not pose a threat to humans, because they are all similar to a naturally occurring virus called Phi X-174, which can infect only bacteria.

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โšก๏ธ๐Ÿง‘โ€โš–๏ธ Senate won't vote on crypto Clarity Act before its summer break

The U.S. Senate will not vote on the crypto market structure bill before it breaks for the rest of the month, as Senators from both parties had major unresolved issues on the legislation. The Senate will return to D.C. on Sept. 14, 2026, and will have three weeks to work on this and other outstanding issues then.

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๐Ÿค– A Meta AI Model Hacked Another Company During Cybersecurity Testing

Meta's Muse Spark 1.1 model breached an unidentified company and made changes to its internal systems. The model reached the public internet because of an error in the configuration of a sandbox testing environment operated with independent cybersecurity evaluation company Irregular.

"The โ€Œincident โ was the exact same evaluation-environment issue that was already disclosed by Anthropic last week" and did not involve a "sandbox escape or a sophisticated cyber action," โ€” Irregular said.


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๐Ÿ“‰ IBM Introduces Apptio AI Value & ROI to Close the Gap Between AI Spend and Business Results

Apptio, an IBM company, announced the public preview of IBM Apptio AI Value & ROI, a new set of capabilities developed to give technology and finance executives, AI governance teams and business leaders a single view of AI spending, including token costs, and its connection to measurable business results.

IBM Apptio AI Value & ROI centralizes AI initiatives and tracks metrics across revenue, cost, speed, productivity and risk, connecting AI investments to measurable business outcomes. IBM Cloudability provides visibility and attribution of token spend, while IBM Apptio AI Value & ROI connects that spend to business outcomes, helping enterprises measure the business value of each AI initiative.

โ€œWith Apptio, clients can address waste โ€” with one client seeing a 50% reduction in costs, allowing them to unlock funding for new AI initiatives that accelerate innovation,โ€ โ€” said Bill Lobig, vice president, IBM Apptio


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โšก๏ธ๐Ÿ‡บ๐Ÿ‡ธDonald Trump on crypto and AI:

We don't want to see China take over crypto. I don't want to see China win with AI. AI and crypto.

Crypto is a big deal. I mean I see it more and more where people are paying with Bitcoin and you know they don't even know about cash anymore. That takes a lot of pressure off our dollar. It's a good thing for our country.

But if China took over crypto, which they would love to do, or if China took over AI, which they would really... So, we are leading with AI on China. Nobody thought that was possible.


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๐Ÿค– Chinaโ€™s Kimi K3 Broke Out of Its Sandbox to Look Up Test Answers

Moonshot AI's Kimi K3 left the sandbox it was being tested in and went onto the open internet to find answers to problems it had been set.

The model was being assessed on defensive cybersecurity skills and was expressly tasked with solving problems without looking them up. It did not attempt the task at all. Instead it probed the network, established that DNS resolution for github.com was working, cloned the official benchmark repository and read the solution off the disk.

"We found a leak in the sandbox," โ€” CEO Yaron Singer said. "But we also found that Kimi took advantage of that loophole."


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President Putin has confirmed a new payment infrastructure with BRICS using blockchain at the International Economic Forum ๐Ÿ‡ท๐Ÿ‡บ He stated:

โ€œAny country can at any moment be deprived of access to its legitimate assets, which are placed in dollars or euros, as well as to Western financial payment infrastructure. The Western Financial System is clearly out of date and the monopoly will no longer continue as we plan to use international payments using advanced blockchain solutions.โ€

โžก๏ธ โ€œThe Unitโ€ is in an advanced pilot stage and works as a settlement token backed by a basket of assets (roughly 40% gold and 60% BRICS currencies), issued on a blockchain platform for pricing and mutual settlements. โ€œThe Unitโ€ wonโ€™t fluctuate sharply on the market because its value is determined by the underlying assets. It will serve as an anchor of stability among BRICS countries ๐Ÿ‡ท๐Ÿ‡บ

Global trade could shift to โ€œ The Unitsโ€ over dollars or yuan ๐Ÿ˜ณ with every transaction publicly traceable on the blockchain, they remain free from central bank manipulation.

President Putin also said: โ€œthe USD is used as weapon and so counter-weapons need to be builtโ€ ๐Ÿ‡ท๐Ÿ‡บ

The Law on Digital Currencies and Digital Rights takes effect on 1st September 2026. What it does:

๐ŸคฉRecognizes digital currency as property.
๐ŸคฉCreates a licensed exchange market supervised by the Central Bank.
๐ŸคฉSets up digital depositories to record who owns what.
๐ŸคฉRegulates mining, custody and digital financial assets.

Official site ๐Ÿ”ณ http://publication.pravo.gov.ru/document/0001202608040007
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โšก๏ธ๐Ÿง‘โ€โš–๏ธ US Senate Passes Russia Sanctions Bill Championed by Graham

The US Senate passed a sweeping new Russia sanctions bill authorizing punishing tariffs of up to 100% on imports from China, India and other top buyers of the countryโ€™s oil and gas as well as extended Iran sanctions.

The legislation, which had been championed by the late Senator Lindsey Graham, received bipartisan support, ultimately passing on an 86 to 11 vote. The bill now heads to the House, which returns after the August recess.

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โœˆ๏ธ Iberia to operate special A321XLR flight with Starlink to observe solar eclipse that will be visible over parts of Spain on August 12, 2026.

Spanish flag carrier Iberia plans to broadcast the eclipse live from the sky via its social media channels, since the A321XLR that will perform the mission is one of the airlineโ€™s first aircraft to be equipped with satellite-based Starlink. This will be the first total solar eclipse to be visible from the Iberian Peninsula since 1912.

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โšก๏ธ๐Ÿ‡บ๐Ÿ‡ธTrump Touts $3 Billion in Minerals Projects to Counter China

President Donald Trump touted $3 billion in US investments in critical minerals mining at a meeting Friday with top industry executives aimed at weaning the US off supply chains dominated by China.

Trump said the projects would โ€œcreate thousands of jobs and promote our economic stability and security,โ€ at an event at the State Department. โ€œWeโ€™re putting our miners back to work, and weโ€™re reclaiming Americaโ€™s rightful place as the minerals superpower of the world,โ€ he added.


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โšก๏ธ๐Ÿ‡บ๐Ÿ‡ฆ๐Ÿ‡ท๐Ÿ‡ธZelensky Begins Two-Day Serbia Visit, Holds Talks With Vucic

"We will discuss expanding economic ties between our countries, relations with the European Union, other areas that can benefit our nations, and security issues," โ€” Zelensky said.


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