Circle issues an additional 250 million USDC on the Solana network.

Official announcement from Sonic Labs states that Fantom Opera will not be shut down at the end of this month, and will remain operational at least through the end of this year. The cross-chain bridge will also receive regular funding support during this period. Meanwhile, Sonic has appointed Matt Visser as Chief Executive Officer and Kosta Kourkoumelis as Chief Operating Officer, noting that it will enhance team responsibility transparency and improve community communication and support mechanisms.

South Korean payment platform KG Inicis plans to integrate stablecoin payments into the Solana ecosystem. A leading South Korean payment service provider, KG Inicis handles annual transaction volumes exceeding 25 trillion won. Beyond online payment use cases, it also plans to launch a token-based merchant rewards program in the future.

According to official announcements, Sonic Labs has stated that Fantom Opera will not be shut down at the end of this month and will remain operational at least through the end of the year. Its cross-chain bridge will also receive regular funding support during this period. Meanwhile, Sonic has appointed Matt Visser as Chief Executive Officer and Kosta Kourkoumelis as Chief Operating Officer, adding that the team will enhance responsibility transparency and improve community communication and support mechanisms.

Adrian Boafo won the Democratic primary for Maryland’s 5th Congressional District on June 23 local time, beating 24 candidates to succeed retiring U.S. Representative Steny Hoyer. Two super PACs poured a combined $11 million into Boafo’s campaign: the AIPAC-linked Joint Democracy Project contributed roughly $5.7 million, while crypto-aligned super PAC Protect Progress added about $5.5 million. The primary drew controversy over the large influx of outside funding, with multiple rivals jointly condemning the interest groups’ interference, accusing the groups of attempting to “buy the seat with money.”

Trump posted on Truth Social that Iran is on the verge of collapse and ready to give almost anything to the U.S. For the first time in decades, Iran has developed great respect for the U.S. and its president—himself. However, at this critical juncture, the U.S. Senate held a poorly timed and meaningless vote on the War Powers Act, which effectively told Iran, the world’s leading state sponsor of terrorism: “The U.S. doesn’t like what I’m doing to you, and I have to stop.” This act is nothing less than giving aid and comfort to the enemy. These senators have made my work more difficult, but in any case, I will get things done, because I always do.

Chainlink announced the launch of Project Pangea in collaboration with FairSquareLab, UniKA, and euro stablecoin alliance Qivalis, an initiative aimed at exploring stablecoin-based real-time cross-border foreign exchange settlement models. Project Pangea will leverage Chainlink’s data, interoperability, and orchestration standards, along with FairSquareLab’s on-chain foreign exchange settlement technology, to enable direct atomic transactions between euro, South Korean won, and other compliant fiat-pegged digital assets, while driving the foreign exchange market’s transition from the traditional T+2 settlement model to T+0 real-time settlement. UniKA’s steering committee comprises Shinhan Bank, JB Bank, Kbank, FairSquareLab, and OBDIA, with more than a dozen South Korean commercial banks participating; Qivalis is supported by 37 leading European banks. Collectively, the involved institutions represent over $10 trillion in assets under management.