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Crypto Biz: Binance slashes costs, Ripple ready for US banks and crypto VCs return

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This week’s Crypto Biz looks at Binance’s ongoing efforts to curb declining profits, Ripple’s expectation that U.S. banks may soon adopt XRP and the first signs of venture capital returning to crypto.

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Coin Market

Australia draft payments vision eyes stablecoin interoperability

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A draft vision for Australia’s domestic payments system says stablecoins and tokenized fiat currency could reshape how money moves across future rails.

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Coin Market

South Korea’s Shinhan Card taps Solana to test real-world stablecoin payments

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Shinhan Card signed a deal with Solana Foundation to expand stablecoin payment tests and explore non-custodial wallets and DeFi-based services.

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US seized $500M in Iranian crypto assets, Treasury secretary says

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Treasury Secretary Scott Bessent said the US has seized nearly $500 million in Iranian crypto assets, surpassing the previously reported $344 million freeze.

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