Sumitomo Mitsui Trust Partners With Hashport to Turn Card Points into JPYC Stablecoins

The post Sumitomo Mitsui Trust Partners With Hashport to Turn Card Points into JPYC Stablecoins appeared on BitcoinEthereumNews.com. Key Takeaways Hashport and Sumitomo Mitsui Club partnered to let cardholders trade reward points for JPYC next Monday. Yoshihiro Yoshida said points tap a 2.8T yen annual market, driving stablecoin adoption across Japan. On June 1, a 50% point cashback program will launch to boost JPYC usage and exchange. Sumitomo Mitsui Trust Club and Hashport Launch Reward Point To Stablecoin Exchange Program Sumitomo Mitsui Trust Club, a financial services company, and Hashport, a non-custodial cryptocurrency wallet, have joined forces to launch a trading service for credit card reward points and stablecoins. The service, labeled as the first of its kind, will allow cardholders of Diners Club and Trust Club cards to trade their accumulated points for JPYC stablecoins, which are pegged to the value of the Japanese yen. Hashport will serve as the platform to complete the

The post Japan’s Chief Cabinet Secretary Kihara: Government remains concerned over speculative Fx moves appeared on BitcoinEthereumNews.com. Japan’s Chief Cabinet Secretary Minoru Kihara said during the European trading session on Friday that the government is extremely concerned about speculative Forex (FX) moves and will be ready for appropriate action if needed. Additional remarks Government’s stance is always to take appropriate action on forex. Won’t comment on forex levels, intervention. The statement from Japan’s Chief Cabinet Secretary Kihara increases hopes of an intervention against excessive forex moves. Earlier in the day, Japan’s Finance Minister (FM) Satsuki Katayama warned that authorities could intervene in the foreign exchange (Forex) market to counter excessive volatility against the Japanese Yen (JPY). Market reaction No immediate response was seen in the JPY after Japan Kihara’s comments. As of writing, USD/JPY trades almost flat at around 159.30. Japanese Yen FAQs

The post StablR Freeze: How Multisig Flaws Erode Stablecoin Trust appeared on BitcoinEthereumNews.com. “StablR Freeze” has become shorthand for a broader fear in crypto: the moment a stablecoin issuer or its controllers flip a contract switch and user balances stop behaving as expected. Whether or not you hold a euro-pegged coin, the lesson applies to every stable asset—one brittle multisig or poorly scoped admin role can chill trust across an entire market. This article unpacks how freeze controls work, where multisig governance can fail, and how to evaluate stablecoins before you rely on them for payroll, DAO treasuries, trading, or DeFi integrations. No sensationalism—just practical steps, examples, and risk signals to watch. None of this is financial advice. Stablecoins carry market, technical, operational, and regulatory risk. Your goal is to understand those trade-offs and decide what you’re comfortable with. Point Details Freeze power is often centralized Many fiat-bac

Visa and Bridge, a fintech firm owned by Stripe, plan to bring stablecoin-linked payment cards to more than 100 countries by the end of 2026, with the first rollout already covering 18 nations across Latin America. Why Traditional Finance Is Winning The Crypto Payments Race Grocery runs and restaurant bills are now among the most […]

The Ethereum and Solana-based SoFiUSD has become the first national bank-issued stablecoin to launch on an official banking platform. SoFi Has Made Its Stablecoin Available On Its Retail Banking App As announced in a press release, SoFi Technologies has rolled out its stablecoin to the official SoFi banking app, which hosts a userbase of nearly […]

Circle joins FXC Intelligence’s Top 100 list for 2026 as USDC payment use expands through cross-border settlement solutions. Circle has been named to FXC Intelligence’s “Top 100 Cross-Border Payment Companies for 2026,” as stablecoin use grows in global payments. The recognition comes as businesses and financial institutions test faster settlement tools, wider payment access, and […] The post Circle Lands on FXC’s Top 100 List as Stablecoin Adoption Surges appeared first on Live Bitcoin News.

Japan's gold export surge highlights potential regulatory challenges and market distortions due to tax evasion and smuggling schemes. The post Japan’s gold exports surge 35.6% year-over-year to record $25.5B in FY2025 appeared first on Crypto Briefing.

The post Japan Industrial Production (YoY) declined to 2.3% in April from previous 2.4% appeared on BitcoinEthereumNews.com. Ethereum active addresses metric is declining again after a brief recovery, approaching levels last seen at the beginning of the month. Since mid-February, the seven-day Simple Moving Average of Active Addresses on the network has declined by roughly 50%, signaling rapidly declining onchain engagement and weakened sentiment in Ethereum even as prices remain subdued. Source: https://www.fxstreet.com/news/japan-industrial-production-yoy-declined-to-23-in-april-from-previous-24-202605282350