Panther Hollow launches multi-strategy commercial bank with compliant RWA and yield strategies.
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Bank of Korea launches 24-hour won settlement pilot for foreign investors
The Bank of Korea’s new network will let foreign investors settle won transactions during business hours in their home countries.
Strategy pauses BTC buys, launches $1.6B cash pool after $2B raise
Strategy held off on new Bitcoin buying, maintaining holdings at 840,447 BTC as it launched a $1.59 billion cash pool after raising $2 billion from MSTR stock sales.
Binance launches BTC Yield, a BTC-based yield strategy product designed for BTC holders.
Odaily Odaily reported on July 7th that Binance announced the launch of a new advanced wealth management product, BTC Yield. BTC Yield is an open-ended yield strategy product denominated in BTC, designed for long-term holders who want to explore potential yield opportunities in Bitcoin without frequent market trading. BTC Yield is one of the first Bitcoin covered call option yield products launched by a mainstream cryptocurrency trading platform for both general and institutional users, demonstrating Binance's continued expansion from a trading platform into a broader financial super application. Shunyet Jan, Head of Exchange and Trading at Binance, said, “BTC Yield further enriches the product options Binance offers its users, allowing them to realize the value of digital assets in more ways. Covered call option strategies are quite mature in traditional financial markets, but direct participation by ordinary investors is usually quite difficult. BTC Yield simplifies this strategy, making it easier for Bitcoin holders who want to capture potential returns without frequent market trading to participate.” To celebrate the launch of BTC Yield, Binance Wealth Management is launching a limited-time promotion where eligible BTC Yield subscribers will have the chance to share a prize pool of 100,000 USDC.
Sources say Kraken is seeking a full European banking license in Lithuania.
PANews reported on July 8th that, according to CoinDesk, sources familiar with the matter revealed that cryptocurrency exchange Kraken is seeking a full banking license in Europe, with Lithuania as the jurisdiction for obtaining the license. If approved, Kraken would become the only crypto exchage holding such a license, following the same regulatory path as fintech giant Revolut (which received a specialized banking license from the Bank of Lithuania in 2018), enabling it to offer services such as current accounts, consumer loans, and stock trading in the European Economic Area. This move is part of Kraken's parent company Payward's global licensing strategy.
SuperEx launches multiple stock-based U-margined perpetual contracts, including UNH and OSCR.
According to an official announcement from SuperEx, the platform officially launched USDT-margined perpetual contract trading pairs for UNHUSDT, OSCRUSDT, SIMOUSDT, and APLDUSDT at 03:00 UTC on July 7, 2026. It is understood that all of the newly launched contract trading pairs support cross margin, isolated margin, and sub-margin trading modes, and users can currently experience these trading options through SuperEx's web or mobile app.
PhotonPay launches on PhotonPass: Turning "clearing speed" into a "strategic advantage" and creating a closed-loop full-stack financial operating system.
According to ChainCatcher, PhotonPay, the next-generation global payment operating system, recently announced the launch of its account-to-account (A2A) transfer function – PhotonPass – designed to inject ultra-fast liquidity into the global business network. PhotonPass supports instant internal transfers between more than 19 major fiat currencies and core stablecoins such as USDT and USDC. This function eliminates the constraints of traditional correspondent banking networks, achieving "instantaneous fund transfers," while reducing intermediary bank fees, eliminating settlement queues, and unnecessary exchange rate risks. Simultaneously, relying on an AI-driven risk control engine, each transfer supports real-time tracking and automated compliance verification, ensuring the safety of funds. The strategic significance of PhotonPass extends far beyond simple transfer speed; it serves as the architectural anchor of PhotonPay's entire "payment operating system." By seamlessly connecting core modules such as Global Checkout, Custody Wallets, and Automated FX, PhotonPass transforms previously fragmented financial touchpoints into a single, programmable flow of funds. This allows global businesses to manage their global finances with high flexibility and composability, much like orchestrating front-end software code. Lewison, founder and CEO of PhotonPay, stated, “The competitive landscape of global commerce no longer depends solely on strategy itself, but also on the infrastructure for executing that strategy. PhotonPass completes a closed loop within the PhotonPay operating system, bringing us one step closer to our initial vision: building a financial infrastructure that truly keeps pace with modern commerce and covers all global markets.” PhotonPass is now fully available to PhotonPay users.