ChainCatcher message, crypto detective ZachXBT shared on his personal channel that, "One of the most outrageous cases that occurred in 2025 is undoubtedly the recent cyber attack on Brazilian central bank service provider C&M Software, with losses amounting to approximately $140 million (800 million reais).Six financial institutions were unauthorizedly accessed on June 30, 2025, with attackers breaching their reserve accounts at the central bank. The hackers then converted fiat currency into BTC, ETH, and USDT through over-the-counter (OTC) dealers and cryptocurrency exchanges in the Latin American region. I estimate that at least $30 million to $40 million was converted into cryptocurrency.According to subsequent reports from Brazilian law enforcement, the hackers paid only about $2,760 (15,000 reais) to purchase the company login credentials from an employee of C&M Software. I have been assisting in tracking the funds, freezing accounts, and identifying unmarked OTC dealers, and when it is possible to disclose, I will publish the addresses related to this theft. Currently, this incident has received little attention from media outside of Brazil."

ChainCatcher news, according to Jinshi Data, the People's Bank of China is publicly soliciting opinions on the "Business Rules for the Cross-Border Payment System of Renminbi (Draft for Comments)." The "Business Rules" clarify the detailed processes for account management, capital injection, and fund settlement for CIPS participants. With the continuous optimization of CIPS functions and services, it is necessary to adjust the relevant content of the "Business Rules," only proposing principled requirements for participants' business behaviors to ensure the foresight and scientific nature of normative documents, effectively adapting to the needs of CIPS business development and functional upgrades.

ChainCatcher news, according to Jinshi Data, Ji Min, head of the Research Bureau of the People's Bank of China, stated at a regular press briefing by the State Council on July 4 that the next step for the People's Bank will be to work with relevant departments and other financial regulatory bodies to continue supporting the deepening of the free trade pilot zones in aligning with international high-standard economic and trade rules and promoting a higher level of institutional opening-up, based on effective risk prevention.On one hand, further deepen financial openness and innovation in the Shanghai Free Trade Zone. Recently, eight supporting policies were announced at the Lujiazui Forum, including the development of offshore bonds for free trade, optimizing and upgrading the functions of free trade accounts, and carrying out comprehensive reform pilots for offshore trade financial services, among others.On the other hand, efforts should be made to replicate and promote the "Shanghai experience," supporting the promotion of innovative applications of the digital renminbi and other measures to relevant free trade pilot zones, and extending measures to optimize electronic payment services nationwide, exploring practical paths for the open and innovative development of China's financial sector, and accumulating more replicable and promotable experiences.

ChainCatcher news, ECB President Lagarde stated on Friday that the EU's economic system needs to improve efficiency and productivity for the euro to stand on equal footing with the dollar as one of the world's major currencies. "Political leaders and policymakers need to get involved to make our economy more productive and efficient, then the euro can become a major global currency."

ChainCatcher news, according to Sina Finance, JD.com and Ant Group recently suggested to the People's Bank of China to approve the issuance of a stablecoin based on the renminbi. JD.com pointed out in closed-door discussions that there is an urgent need to promote the implementation of offshore renminbi stablecoins as a key tool for advancing the internationalization of the renminbi.Additionally, it is reported that Ant Group is preparing to apply for stablecoin-related licenses in Hong Kong and Singapore to make preliminary preparations for the issuance of offshore renminbi stablecoins.

According to ChainCatcher, as reported by Decrypt, Japan's first pure digital bank, Minna Bank, announced a collaboration with Fireblocks, Solana Japan, and Japanese tech company TIS to jointly research the application of stablecoins and digital wallets in everyday financial services.The project will assess the technical feasibility of issuing stablecoins on the Solana blockchain and explore practical application scenarios such as cross-border payments and physical asset transactions. This move comes as the global stablecoin market surpasses $250 billion, with countries accelerating the formulation of relevant regulations.It is noteworthy that USDC has become the first globally approved dollar stablecoin for use in Japan, with SBI Exchange providing trading services for a limited number of users.

ChainCatcher news, iM Bank has submitted 12 trademark applications related to the Korean won stablecoin, including "iMKRW", "iMST", "KRWiM", etc., reflecting its layout around the combination of KRW and the bank's new name iM.Previously, iM Bank joined the Open Blockchain and DID Association (OBDIA) and participated in the stablecoin subcommittee. The bank stated that it plans to preemptively layout the development strategy for digital financial services after the institutionalization of the Korean won stablecoin through trademark preemption and technological internalization. (newsis)

ChainCatcher news, according to FinanceFeeds, the Abu Dhabi Securities Exchange (ADX) has launched the first digital currency pricing process in the Middle East and North Africa region based on Distributed Ledger Technology (DLT).The bond is issued by First Abu Dhabi Bank (FAB) and will be listed on ADX, launched through HSBC's Orion platform, which is a blockchain-based digital asset infrastructure operated by the Hong Kong Central Money Unit (CMU).This transaction is the result of a collaboration between ADX, HSBC, and FAB, combining local market infrastructure with HSBC's experience in digital issuance. Global investors will be able to access the bond through accounts with CMU, Euroclear, or Clearstream, or via existing custodians.

ChainCatcher news reports that, according to DL News, the two major stablecoin issuers in the cryptocurrency space, Ripple and Circle, have both applied for a national trust bank charter in the United States. If approved, this move will subject them to federal regulation and bring them closer to the core of the U.S. financial system. Obtaining the charter will place both companies under the supervision of the Office of the Comptroller of the Currency (OCC), requiring them to adhere to the same capital, liquidity, and risk standards as traditional banks.Chris Colson, a payments expert at the Atlanta Federal Reserve Bank, stated that this is significant for cryptocurrency, primarily because it indicates that stablecoins are truly entering the financial mainstream. Furthermore, obtaining a banking charter means that these two companies can act as federally regulated custodians, holding stablecoin reserves and potentially accessing the Federal Reserve's real-time payment system. He emphasized that "the actions of Circle and Ripple blur the lines between fintech and traditional banking," posing significant competition to existing banks.

ChainCatcher message, according to official documents cited by biteye_sister, on July 2, the latest court documents in the FTX bankruptcy case disclosed a widely discussed list: users from 49 countries and regions may not be able to receive any compensation.These countries are listed as "potentially restricted jurisdictions," for reasons including: local laws prohibit cryptocurrency trading; local laws do not allow platform operators to provide services locally.Among these restricted countries, over 82% of the claims amount comes from China. This means that most Chinese users may not be able to recover their funds from this globally shocking bankruptcy case.

ChainCatcher news, according to Bloomberg, Bank of England Governor Andrew Bailey warned that the rise of stablecoins could undermine public trust in currency as experts raise alarms about the threats posed by the widespread adoption of cryptocurrencies backed by the dollar.In a speech released on Thursday, Bailey stated that central banks need to "closely monitor" innovations in the payments sector to prevent them from introducing new vulnerabilities to the monetary system.

ChainCatcher news, according to Jinshi reports, Agricultural Bank responded to investors' questions about capital injection, stock repurchase, and stablecoin development on the interactive platform. Regarding the market's focus on stablecoins and cryptocurrency development, the Agricultural Bank clearly stated that regulatory authorities are implementing this round of capital injection for state-owned banks in an orderly manner according to the approach of "overall promotion, phased implementation, and one bank, one policy." Our bank will promote related work according to the unified arrangement. As for the latest development trends of global stablecoins and cryptocurrencies, our bank will continue to research and currently has no plans to develop stablecoins.

ChainCatcher news, according to CoinDesk, Swiss crypto-friendly financial bank AMINA Bank has announced support for Ripple's newly launched USD stablecoin RLUSD, becoming the first global bank to offer custody and trading services for this currency.It is reported that the service will initially be available to institutional clients and professional investors, with plans for further expansion in the coming months. RLUSD is backed by U.S. Treasury securities and regulated by the New York Department of Financial Services, with a current issuance of $430 million. AMINA Bank stated that its goal is to connect traditional banking with crypto financial infrastructure, and it has established regulated business hubs in Switzerland, Hong Kong, and Abu Dhabi.

ChainCatcher news, according to crypto journalist Eleanor Terrett, the U.S. Senate Banking Committee plans to hold a full hearing next Wednesday (July 9) at 22:00 Beijing time, focusing on market structure issues. Confirmed participants include: Ripple CEO Brad Garlinghouse, Blockchain Association CEO Kristin Smith, Chainalysis CEO Jonathan Levin, and Paradigm General Partner Dan Robinson.

ChainCatcher news, according to crypto journalist Eleanor Terrett's comments on "Ripple's application for a national bank charter submitted to the Office of the Comptroller of the Currency (OCC)", "In addition to this application, Ripple also applied for a Federal Reserve master account through its trust company Standard Custody, which it acquired last year. Obtaining a Federal Reserve master account is more significant in terms of access than obtaining an OCC license. In terms of hierarchy, the master account is diamond level, the bank charter is platinum level, the trust company is gold level, and the money transmission license is silver level.""Historically, the Federal Reserve has resisted allowing cryptocurrency companies direct access to the payment system, although critics argue that this could reduce risk. The Federal Reserve is currently defending this position in the lawsuit involving Custodia Bank, which concerns the ability of deposit institutions to obtain master account access, with a ruling expected to come at any time."

ChainCatcher news, according to Cointelegraph, Ripple has submitted a national bank charter application to the Office of the Comptroller of the Currency (OCC) and applied for a Federal Reserve master account, aiming to strengthen compliance with the traditional financial system. Ripple CEO Brad Garlinghouse stated that this move will establish a "trusted compliance benchmark" for its stablecoin RLUSD. Previously, Circle also applied to establish a national trust bank. As the stablecoin regulatory bill GENIUS Act progresses, leading crypto companies are accelerating their efforts to gain regulatory approval.

ChainCatcher news, according to The Wall Street Journal, Ripple is seeking a national bank charter, along with other cryptocurrency companies, to integrate with the traditional financial system.

ChainCatcher news, according to CoinDesk, PayPal co-founder Peter Thiel and Anduril founder Palmer Luckey are launching a digital bank called Erebor, specifically designed to serve cryptocurrency and tech startups.