News linked to both this project and an event.
According to NADA NEWS, the Japan Financial Services Agency announced on August 5 that it will officially establish the "Crypto Assets and Stablecoins Division" on August 7, placing it under the jurisdiction of the newly established Asset Management and Insurance Supervision Bureau. This organizational restructuring marks a substantive upgrade of Japan's crypto asset regulatory system—relevant functions previously dispersed among multiple affiliated bodies such as the "Crypto Assets, Blockchain, and Innovation Counselor Office" and the "Crypto Assets Monitoring Office" are now formally integrated into an independent division-level department. The newly established division comprises three sub-departments: the "Crypto Assets Monitoring Office" responsible for exchange supervision, the "Innovation Promotion Office," and the "Digital Payment Planning Office." The Financial Services Agency stated that this restructuring aims to address new challenges more precisely, such as the rapid development of digital technology in the financial sector and the strengthening of regulation over financial institutions.
Odaily Odaily News: DEGEN NEWS posted on the X platform that the founder and CEO of Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, stated that they have had multiple meetings with the Hyperliquid team to discuss overlapping businesses and potential cooperation. The CEO noted that Hyperliquid has attracted attention for offering crude oil trading during weekends when traditional crude oil markets are closed.Additionally, Hyperliquid has listed SpaceX derivatives trading. The CEO mentioned that they will watch to see if the price discovered in this private market on June 11, when SpaceX goes public, will impact the IPO. The CEO also stated that depending on the allowed leverage ratio, retail investors will bear significant capital risk in this IPO, which could potentially exceed the size of the IPO itself if it scales up.
According to NADA NEWS, JPYC, the issuer and operator of the Japanese yen-pegged stablecoin JPYC, announced that it has raised an additional $17.62 million in the second closing of its Series B funding round. Combined with the first closing, the total funds raised are expected to reach approximately $28.93 million. Participating investors include NCB Venture Capital, Metaplanet, Kitao Bank, and Yokohama Capital, among others. The newly raised capital will be primarily used for system and application development, hiring talent for business expansion, stablecoin issuance and redemption, trading, payments, management-related operations, and new strategic investments. JPYC stated that, as of April 15, its cumulative issuance has exceeded approximately $13.21 million. The stablecoin is currently supported on Avalanche, Ethereum, and Polygon, and the company is considering adding support for Kaia and Arc.