Tether completes first full financial audit, receives clean KPMG opinion
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Tether Claims 'Largest Inaugural Financial Audit' as KPMG Signs Off on 2025 Statements
Tether said KPMG gave its 2025 financial statements a clean opinion, a milestone for the company after years of questions about the reserves backing USDT.
H3C completes industry's first real-world test of full-scenario interoperability of 800G intelligent computing network.
Mars Finance reported on July 7th that at the recent 2026 CFCF Optical Connectivity Conference, H3C Group completed a full-scenario network deployment test of its 800G intelligent computing network, covering Scale-Up, Scale-Out, and Scale-Across scenarios. In the Scale-Up/Out scenario, the S9828-128EP switch, equipped with 1024 112G ports and an 800G LPO solution, reduced overall power consumption by 27% and link latency by 17%. For long-distance cross-domain scenarios, the S12500R-64EP DCI switch completed an 80km full-bandwidth interoperability test without repeaters using 800G ZR/ZR+ modules from multiple vendors. (Wide Angle Observation)
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.
Tether-backed Orionx to shut down after audit flags $7M custody gap
Tether-backed Orionx is permanently closing after an audit found more than $7 million in customer assets had moved to wallets outside its custody.
The world's first fully automated robotic pharmacy has been launched, securing $12.6 million in funding to accelerate its commercialization.
Mars Finance reports that Queue, a California-based startup, recently launched the world's first fully automated robotic pharmacy. This technology comes at a time of severe labor shortages and a growing "pharmacy desert" in the United States. Simultaneously, the company announced it has successfully raised $12.6 million, which will be used to accelerate the research and deployment of the automated system. (Cailian Press)
The Cyberspace Administration of China has launched the first phase of its "Clean Internet: Rectifying the Chaos in AI Applications" special campaign.
According to BlockBeats, on July 6th, the "Clean Up the Internet: Rectifying the Chaos in AI Applications" campaign, launched in April 2026, has focused on addressing various issues in AI applications, including failure to fulfill registration obligations for large-scale models, insufficient security and filtering capabilities of AI platforms, AI data poisoning, and inadequate implementation of labeling for generated and synthesized content. The Cyberspace Administration of China (CAC) has deployed local cyberspace administration departments to further advance the first phase of key rectification tasks and established a "Special Reporting Area for AI Application Chaos" to specifically accept public reports. With the joint efforts of all parties, the first phase has resulted in the handling of over 14,000 AI products, including illegal websites, applications, and intelligent agents; the removal of over 6 million pieces of illegal and irregular information; the handling of over 26,000 accounts; and the removal of over 1,300 illegal AI products and 9 illegal open-source datasets. Positive progress has been made in all aspects of the work.