Albert Wong, Senior Vice President of OSL BizPay: Leveraging a global compliance network to empower stablecoin cross-border payments in emerging markets such as ASEAN.
Related
AI-powered legal services company Norm has raised $120 million in funding, led by Khosla Ventures.
PANews reported on July 7th that, according to Bloomberg, AI legal startup Norm has completed a new funding round of $120 million, valuing the company at approximately $1.2 billion post-money. The round was led by Khosla Ventures, with participation from Blackstone, Bain Capital Ventures, Coatue Management, and others, bringing its total funding to over $260 million. Founded in 2023, Norm differs from traditional software vendors by operating its own Norm Law firm, providing clients directly with legal services delivered by lawyers and AI engineers, charging based on results rather than hourly rates. The company is also developing "AI-driven regulatory AI" compliance agents for regulated industries such as finance and healthcare, and plans to use the new funding to expand its engineering and legal teams and strengthen its systems.
US Vice President JD Vance disclosed that he holds between $250,000 and $500,000 in Bitcoin.
PANews reported on July 1 that, according to Cointelegraph, US Vice President JD Vance's latest financial disclosure shows that he holds between $250,000 and $500,000 in Bitcoin.
One week after the full implementation of the EU's MiCA (Military Qualification and Control) system, 21 stablecoin issuers and over 270 crypto service providers have obtained regulatory qualifications.
According to Odaily Odaily, Patrick Hansen, Senior Director of EU Strategy and Policy at Circle, cited MiCA provisional registration data from the European Securities and Markets Authority (ESMA) to release statistics on compliant institutions one week after the full implementation of the regulations. Currently, there are 21 authorized electronic money token (EMT) issuers in the EU, distributed across 12 member states, issuing a total of 35 EMTs pegged to 8 fiat currencies. France continues to lead other member states with 6 licensed issuers. Meanwhile, the number of approved asset reference token (ART) issuers remains at 0, while the total number of registered crypto asset service providers (CASPs) under the MiCA framework has exceeded 270.
IDC released a global commercial service robot report, showing that Chinese manufacturers accounted for over 90% of shipments.
According to a report by China News Service, citing a data release from International Data Corporation (IDC) on July 7th, the global commercial service robot market reached $1.37 billion in 2025, a year-on-year increase of 35.7%, with approximately 155,000 units shipped, representing a year-on-year increase of 44.1%. Chinese manufacturers, leveraging their supply chain and AI technology innovation advantages, continued to lead the global market, accounting for over 90% of the market share among the top ten global manufacturers. In terms of sub-categories, commercial cleaning robots saw the fastest growth, with approximately 58,000 units shipped in 2025 (+83.8%), reaching a market size of over $760 million. Delivery robots remained the largest segment in terms of shipment volume, with approximately 84,000 units shipped (+30.2%). Regarding regional distribution, China maintained its position as the world's largest market with a share of approximately 38%, while Latin America saw the fastest growth with a year-on-year shipment growth rate of 84.4%. IDC predicts that global shipments of commercial service robots will reach 454,000 units by 2030, with the market size expected to grow to $3.17 billion.
US senators have proposed banning elected officials and the president from issuing or sponsoring personal tokens.
PANews reported on July 4th, citing Cointelegraph, that US Senator Kirsten Gillibrand has proposed banning elected officials and the president from issuing or sponsoring their own tokens. In a statement, Gillibrand said Congress should support measures prohibiting elected officials and their spouses from “issuing or sponsoring their own digital assets.” The New York senator stated that the proposed restrictions would cover all US presidents and their spouses, but did not explicitly mention whether the provision would be extended to the vice president or their family members. Gillibrand was one of the senators behind the negotiations for the Senate's CLARITY Act, which has been repeatedly delayed due to concerns about ethics, tokenization, and stablecoin rewards.
Meow partners with Stripe and Bridge to provide startups with integrated financial services encompassing fiat and stablecoin currencies.
According to Foresight News , US fintech company Meow has partnered with Stripe and Bridge to provide startups with integrated fiat and stablecoin financial services. Meow issues global corporate cards through Stripe Issuing, currently allowing users to make direct purchases using their stablecoin balances in 10 regions, with plans to expand globally. Simultaneously, leveraging Bridge's Orchestration API and Stripe's treasury, businesses can send and receive stablecoins using their cash balances on the same platform, with fiat and stablecoin balances displayed side-by-side. Furthermore, Meow has achieved one-click integration with QuickBooks and Xero, significantly simplifying the automated reconciliation process for stablecoin transactions, reducing settlement times from hours to minutes.