Ripple disclosed eight developments related to RLUSD, covering payments, exchanges, and cross-chain infrastructure.
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South Korea’s Jeonbuk Bank taps Ripple for cross-border payments
Ripple is bringing its cross-border payments platform to Jeonbuk Bank, but key details including its launch status and settlement asset remain undisclosed.
Korean bank taps Ripple for payments, Pakistan opens crypto licensing: Asia Express
Asia’s biggest crypto hubs are locked in a tax-cut arms race, while Ripple will help Korea’s Jeonbuk Bank move money across borders.
AI-related US stocks staged a V-shaped reversal, with most stocks recovering their initial losses.
According to BlockBeats, on June 30th, Bitget data showed that US AI stocks experienced a V-shaped reversal tonight, with most stocks recovering their opening losses. Micron is currently down 3%, having fallen as much as 8% intraday. MRVL has turned negative, currently up 0.49%, after falling more than 5% intraday. GLW, CBRS, and other stocks are up over 10%. Storage stocks WDC is up 8% and STX is up 4%.
Huawei releases "Tao's Law" V2 paper: Kirin 2026 data is publicly disclosed for the first time, supplemented with engineering details and measured data.
According to Beating's monitoring, He Tingbo, head of Huawei's semiconductor division, published the second version of his paper, "Time-Shrinking Theory for Multi-Level Electronic Systems" (Tao's Law), on ChinaXiv, the pre-publishing platform of the Chinese Academy of Sciences, on July 3. Compared to the first version released on May 25, the new version supplements the theoretical framework with a large number of engineering implementation details and quantifiable data, forming a complete eight-chapter discourse system. It also adds principles and physical diagrams covering core technologies such as the τ-layered spatiotemporal model, LogicFolding architecture, bonding interface cross-section, Unified Bus interconnect architecture, and Hi-ONE optical engine. At the engineering implementation level, the second version deeply explains the "gear ratio" concept of LogicFolding: when the hybrid bonding pitch is close to the top-level metal wiring size, the 3D design space shifts from the traditional "macroblock-level discrete optimization" to "cell-level continuous optimization," enabling globally optimal vertical logic partitioning and breaking through the limitation of traditional 3D stacking, which can only be layered by functional blocks. Version V2 also provides, for the first time, a mass production test data table, clearly listing the voltage, frequency, normalized power consumption, area, and power density parameters of the Kirin 2026 and the benchmark Kirin 9030 Pro, further verifying the post-Moore's Law scaling theory centered on the time constant τ through actual measurements. --------------------------------- Click the original link below to join the Beating · Lark AI news channel and monitor global AI hotspots and news 24/7.
Samsung Electronics and Dunamu, among other companies, stated that they have never negotiated matters related to OUSD.
According to Foresight News , citing the Chosun Ilbo, Samsung Electronics, Dunamu (Upbit's parent company), Shinhan Financial Group, K Bank, and other companies stated that they have never consulted on matters related to Open USD (OUSD). A Samsung Electronics representative stated, "There have been no formal consultations, and we don't know what role we would play (in the alliance)." Shinhan Financial Holdings, Dunamu, and K Bank also stated that Open Standard inquired about their willingness to participate in OUSD, and they only indicated that they would "have a brief discussion," yet their names were included in the alliance member list. According to a previous report by Foresight News , the stablecoin consortium Open Standard will launch the stablecoin Open USD. Features of this stablecoin include free minting and trading, partner-shared reserve asset returns, and collaborative governance by participating institutions. Currently, participating institutions in the consortium's stablecoin project include Visa, Stripe, Mastercard, BlackRock, Bank of New York, Standard Chartered Bank, Google, Samsung Electronics, IBM, Shopify, Coinbase, Tempo, Bybit, Bitget Wallet, Solana, OKX, and Ripple.
A whale, which has made nearly $6.3 million in profit in the past month, has simultaneously placed short orders on 17 different AI semiconductor-related products.
According to BlockBeats, on July 3rd, Hyperinsight monitoring showed that a whale on Hyperliquid, with the account starting with 0xa31, currently holds short positions in 17 AI/semiconductor-related stocks, including Micron Technology (MU), Semiconductor ETF (SMH), SanDisk (SNDK), and Nvidia (NVDA), with a total notional size of approximately $6.1 million. This address has accumulated profits of approximately $6.3 million in the past month. Its most recent large open position was a short position in MU: short approximately 1,119 contracts of MU with 6x leverage, a notional size of approximately $1.11 million, and an average entry price of approximately $963. This position is one of the most recent million-dollar open positions on Hyperliquid today. As of press time, with MU slightly recovering, this short position is currently showing a floating loss of approximately $33,000.