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🇺🇸 Treasury Announces the Quantum-Readiness Task Force

The U.S. Department of the Treasury announced the launch of the Quantum-Readiness Task Force, following President Donald J. Trump's Executive Order 14412 establishing guidelines to strengthen cryptographic protections for America's sensitive data, critical infrastructure, and digital economy.

The Task Force supports the Administration's efforts to secure American innovation; strengthen supply chains; and ensure U.S. leadership in critical and emerging technologies. 🏆

America must lead in securing the technologies that power our economy,” — said Secretary of the Treasury Scott Bessent. “This Task Force will help ensure our financial system remains strong, secure, and competitive as new technologies reshape the global landscape.”


❗️The Quantum-Readiness Task Force is a public-private initiative to help accelerate the U.S. financial sector’s transition to quantum-safe technology in an orderly and operationally resilient manner, building on the G7 Cyber Expert Group roadmap for the transition to post-quantum cryptography.

🟠The Task Force will operate through three workstreams: Sector Alignment & PQC Transition; Third-Party & Vendor Readiness; and Digital Assets and Emerging Technology Risk.

Quantum computing has the potential to transform science and technology, but it also poses a long-term cybersecurity challenge because future quantum systems could break many of the cryptographic tools that protect financial data, payment systems, digital identities, and market infrastructure.

🟠The Task Force will bring together government, financial institutions, financial market infrastructures, technology providers, and other private-sector leaders to support coordinated preparation for quantum-related cyber risks.

Transitioning to post-quantum cryptography is essential to protecting U.S. economic security and strengthening the resilience of the financial system.
🚀

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⚡️🏦 U.S. state banking associations plan to launch their own nationwide blockchain network

After a year of policy battles in Washington between bankers and the crypto sector, the banks' state associations have announced they intend to launch a new bank-run blockchain network to facilitate financial innovations, including smart payments, tokenized deposits and stablecoins.

Thirty-nine of the state banking associations signed on to the "BankChain Alliance" with an aim to build out the blockchain by next year, describing the project as "industry-owned, industry-designed and industry-governed."

It's "an unprecedented collaboration representing thousands of banks," — said Kathy Kraninger, the head of the Florida Bankers Association and a former director of the Consumer Financial Protection Bureau.


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⚡️🇺🇸 California Becomes Latest State to Approve Plug-in Solar

California is the latest US state and the largest market to pass a law allowing residents to install small plug-in solar systems on apartment balconies and in backyards to offset soaring electricity costs.

The bipartisan bill approved by the state legislature on Tuesday now goes to Governor Gavin Newsom, who has until Sept. 30 to sign it into law. If he does enact the bill, California will become the ninth state to legalize plug-in solar since 2025.

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🇯🇵 Japan eyes blockchain for instant stock, government bond settlement

Japan is preparing to set up a payment infrastructure to enable instantaneous settlement of ​transactions in stocks and Japanese government bonds ‌using blockchain technology. The Financial Services Agency, the Ministry of Finance, the Bank ​of Japan and financial institutions will launch ​a study group this summer and are ⁠expected to formulate a development plan around ​the beginning of 2027 at the earliest.

The plan is expected to cover the design of the blockchain to be used, the division of ​responsibilities among agencies and institutions, and a ​road map for future work. Operations could begin within ‌a ⁠few years, with the system potentially up and running in the early 2030s, if the plans are formally approved. The instant ​payment system ​could also ⁠extend to international remittances.

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⚔️ OpenAI Claims Its New Chips Can Outperform Nvidia Processors in Tests

OpenAI said that its new Jalapeno chips performed better than Nvidia Corp.’s current lineup during testing, underscoring the company’s progress developing AI processors in-house. In the tests, the Jalapeno processor led in two categories: the amount of AI work it could handle per unit of power and its speed at returning responses.

"The results show a major advance: more intelligence from every watt and faster responses, delivering both higher throughput and lower latency in one architecture without sacrificing efficiency," — OpenAI said.


The semiconductor was measured against Nvidia’s GB300, which was the leading option on the public benchmarking system used in the test, according to OpenAI chip chief Richard Ho.

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🏳️‍🌈 Google expands Gemini Enterprise AI platform for law firms, lawyers

The company said its Gemini Enterprise for Legal would help law firms use AI to manage routine and complex work to allow lawyers to focus on higher-value services, while keeping their data secure and confidential.

The new plug-in for Gemini Enterprise ​includes integration with legal software and data platforms and a stable of AI agents that Google said can ​handle specialized legal and administrative functions without significant human oversight. In addition to legal, Google said it was unveiling industry tools for the financial services sector and would later ​roll out other industry-specific offerings.

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🇺🇸🚘 Honda Eyes US to Build Newest Factory

Honda Motor Co. is considering building a new plant in the US as it seeks to expand its lineup of gas-electric hybrids models from 2030, a senior executive at the Japanese carmaker said. The manufacturer plans to introduce 15 new hybrids by March 2030, primarily targeting North America.

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🇨🇳🇪🇬 Xi to Make First Egypt Trip in Decade, Attend Kyrgyzstan Summit

Xi will travel from Aug. 30 to Sept. 3 at the invitations of Egyptian leader Abdel-Fattah El-Sisi and Kyrgyz President Sadyr Japarov. The Egypt stop will be Xi’s first visit to the Middle East’s most populous nation in 10 years.

#BRICS

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🇺🇸 First Lady Melania Trump’s Fostering the Future initiative is expanding its network through a $2M donation from IndyCar & Fox Corporation to fund scholarships at Indiana & Purdue University

“America’s greatest competitive advantage remains in its own people. Tomorrow’s leaders are sitting in classrooms today, including those growing up in foster care. Their capability is no less remarkable,” — said Melania Trump.


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🇪🇺 Euro stablecoins get a mainstream push as Revolut begins rolling out EURR in Europe

Europe’s leading fintech firm Revolut has unveiled its own euro-backed stablecoin, EURR, which will be built into the platform’s retail apps.

Revolut, whose app boasts over 80 million retail customers, said the stablecoin’s rollout will start with a select group of customers within Denmark, Poland, and Portugal. The token shares its ticker with Stablr’s euro-backed stablecoin, which currently has a 6.4 million market capitalization.

EURR gives the still-small euro-stablecoin sector a potential distribution channel far beyond crypto-native platforms. Revolut says more than 16 million of its customers already use crypto, meaning wider integration of EURR could put a euro-denominated onchain asset in front of a mainstream audience through an app they already use for banking.

The stablecoin ecosystem is currently worth over $300 billion, though euro-pegged stablecoins represent less than $800 million of that, according to DeFiLlama data.

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🤖 Huawei Bids to Build AI Data Centers in Egypt

In its tender offer, China’s biggest competitor to Nvidia Corp. proposed to export 1,408 of its top-end Ascend 950-series chips for an AI training cloud, plus 600 more of either those chips or the earlier 910B model to be used for two inference clusters — needed to run AI models once they’re trained. Huawei laid out a 12-month plan to build the infrastructure.

#BRICS

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💊 FDA Authorizes First Wearable Device That Continuously Monitors Both Ketone Levels and Blood Sugar

The U.S. Food and Drug Administration authorized the Libre Duo 10 Day Continuous Dual Glucose Ketone Monitoring System for people aged 2 years and older living with diabetes.

❗️The Libre Duo 10 Day is the first wearable device in the U.S. that continuously monitors ketone levels, and the first in the world to continuously monitor both ketones and blood sugar (glucose) together in a single device.

“Today’s authorization is a breakthrough for the safety of children and adults living with diabetes,” — said Michelle Tarver, M.D., Ph.D., Director of the FDA’s Center for Devices and Radiological Health.

“Knowing that ketone levels are rising, and having that information in real time, around the clock, can be the difference between early intervention and a life-threatening emergency."


According to the Centers for Disease Control and Prevention, an estimated 40.1 million Americans are living with diabetes, a condition that requires careful monitoring of blood sugar levels.

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⚡️🧑‍⚖️ SEC Preps Overhaul of Crypto Custody Rules for Investment Firms

A proposal from the U.S. Securities and Exchange Commission to change its rules governing how investment advisers hold digital assets was sent this week to the White House for review.

The Office of Information and Regulatory Affairs, a division of the Office of Management and Budget that reviews federal regulations before publication, is reviewing changes to the SEC’s custody rules. The SEC said it received questions from investment advisers about how they can hold crypto assets for clients while complying with its requirements.

"This rulemaking would clarify the framework for the custody of crypto assets for investment adviser and investment companies, as well as make other modernizations needed to remove burdens from certain outdated provisions that are no longer needed to provide investor protection given the evolution in the markets and security trading and holding practices," — the SEC said.


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🤑 The RWA Story Playing Out on Stellar

The real story, however, is hard to ignore. We've been building tokenized funds on Stellar for years, and the network's RWA numbers continue to drive conversations with retail and institutions alike.

Distributed RWA asset value on Stellar is now sitting at $3.5 billion, held by more than 19,000 holders, a sharp climb in a short window. There are 70 distinct RWA assets live on the network. The activity looks less like early adoption and more like a market that has found its footing.


🚀 Why the infrastructure moment matters

The first wave of RWA tokenization was mostly Treasury products. A short-duration, dollar-denominated, asset that was easy to explain made sense for the start of the RWA wave. It proved the concept: traditional financial instruments can live onchain, settle in real time, and be accessed without legacy brokerage infrastructure.

But a single asset class is not a portfolio. A real portfolio, one with genuine diversification across equities, fixed income, alternatives, and cash, is what onchain investors have never had access to until recently.

❗️The 70 assets active on Stellar today reflect that shift. Multiple issuers, multiple asset classes, real usage. The T-bill era proved tokenization could work. What's building now is proving it can be broad.

💸 T-bills were just the beginning

That's what makes what's happening on Stellar right now worth paying attention to. Dozens of distinct RWA assets live on one network, spanning multiple asset classes, from multiple issuers, with transfer volume to match. This isn't a showcase of what tokenization could eventually look like.

It's what it looks like today, on a network that was built to handle exactly this kind of activity. The T-bill era proved tokenization could work. Stellar is proving it can be the foundation for something much bigger. 💫

Today, WisdomTree has 15 SEC-registered tokenized funds live on Stellar, spanning money market, equity, fixed income, and alternatives, alongside a Gold token, BTC, and ETH. That's the diversified portfolio the earlier T-bill wave couldn't offer, live and tradable today.

#Stellar

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⚡️🕵🏼‍♂️ Fed, NASA and DOJ among victims of Chinese state-sponsored hacker group

The Justice Department and FBI announced court-authorized domain seizures today to deny malicious cyber actors access to two complementary hacking platforms known as “QScan” and “QTRouter,” used to target U.S. critical infrastructure and other sensitive networks.

📝 As described in court documents unsealed in the Southern District of California, a People’s Republic of China (PRC) state-sponsored group known as “QTFY,” employed by China-based Nanjing Xinjiuwei Network Technology Company), created and operated QScan and QTRouter.

❗️Among the victims of QTFY computer intrusion activity are the NASA, Federal Reserve, Department of Energy, Department of Justice, Department of Health and Human Services, National Institutes of Health, and the U.S. Senate.

The department said that the seized internet domains were hard-coded into both the QScan and QTRouter malware. The seizures made the QScan and QTRouter inoperable, according to the DOJ.

“State-sponsored malicious hackers preying on America’s critical infrastructure will be stopped and prosecuted. We are here to ensure security for the American people and will use every tool we have to keep that promise,” — Attorney General Todd Blanche said.


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⚡️🍎 Apple to Hold Annual iPhone Event on September 9

The September 2026 iPhone event will see Apple announce the iPhone 18 Pro, the ‌iPhone 18 Pro‌ Max, and the foldable iPhone, which could be called the iPhone Ultra. All three new iPhones will use Apple's latest A20 Pro chip built on a 2nm process for speed and efficiency improvements.

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🛡 Ethereum developers propose first step to protect ETH staking from quantum attacks

Ethereum researchers proposed rebuilding the network’s validator deposit contract to support new cryptographic systems and eventually stop accepting deposits secured by existing BLS signatures. The change is intended to protect the blockchain from quantum attacks that could forge validator signatures, potentially threatening about 42.4 million staked ETH worth roughly $104 billion.

The proposal remains an early draft and requires additional protocol changes, with the Ethereum Foundation targeting around 2029 for core quantum-resistant upgrades. 🚀

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🤑 XRPL-based Xago gains strategic access to SWIFT via OpenPayd

“Access to multi-currency SWIFT rails further extended Xago's reach into currencies and markets that would otherwise be difficult to access.”


XRPL 🤝 SWIFT

#Stellar

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⚡️🇺🇸 Trump Signs Order to Ban Some Foreign Energy Equipment From Grid

President Donald Trump on Wednesday signed an emergency order that aims to keep some foreign-made transformers and other critical energy equipment out of the nation’s electric grids on national security grounds.

The directive comes amid mounting bipartisan concern that Chinese-manufactured components in the US power system could contain vulnerabilities foreign adversaries can exploit. It also follows a series of cyberattacks on US water facilities that have underscored the extent to which the country’s critical infrastructure can be a target.

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🤘 Meta agrees to pay $18 billion to settle US lawsuits over children's social media addiction

Meta Platforms will pay up to $18 billion over the next decade and strictly limit how teenagers use Facebook and ​Instagram, under an agreement with nearly all U.S. states to resolve claims it designed those social media platforms to addict children. The settlements end a federal trial over allegations Meta's products harmed children and the ‌company misled the public about their safety.

“The focus of this case was to protect our kids," — Colorado Attorney General Phil Weiser said. "The relief ​we are getting in this settlement is very meaningful and well beyond what any court has ordered or is likely to order."


It could provide a template for resolving thousands of other lawsuits against social media companies.

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