Author: Charlotte

Ripple CEO Brad Garlinghouse says the problem with today’s payment apps isn’t complicated. They just weren’t built to talk to each other. Speaking at an event, Garlinghouse compared modern payment networks to the earliest days of the internet. Garlinghouse compared today’s payment apps to old closed networks like AOL once, pointing out that Venmo and PayPal couldn’t move money between each other until recently, despite PayPal owning Venmo. Why sending money overseas is still so painful Garlinghouse said the highest friction in the entire payments system shows up when people try to send money internationally. It’s slow, expensive, and prone…

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Whether you’re crammed into economy or lounging on your seat/lounge chair/bed in first class, flying has never exactly been accommodating. Even airlines renowned for their luxury amenities in first class, like Emirates, are considering making the top tier seats windowless to capitalize on efficiency. For economy class, seats can hardly get any smaller and passengers simply purchase more neck rolls, space saving bags, and noise cancelling headphones to make flying bearable. For the 13th annual Crystal Cabin Awards—a competition between airlines, suppliers, aircraft manufactures, and universities to come up with new ideas for airplane design—94 submissions from 22 countries were…

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Xero Limited (ASX: XRO), the global cloud-based accounting software company, has issued a financial assistance disclosure document to all shareholders outlining an expanded intra-group funding arrangement to support its employee equity incentive schemes. The Board has authorised the purchase of Xero shares on-market up to a total of AU$550 million over FY27, with the NZD equivalent cap now set at NZ$700 million following a supplementary funding tranche of NZ$450 million. The disclosure, which follows an initial NZ$250 million funding tranche announced on 14 May 2026 as part of Xero’s FY26 Full Year results, is a formal requirement under New Zealand’s…

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ZKsync, the Ethereum Layer 2 leveraging zero-knowledge proofs, has revealed an updated tokenomics proposal for its native token ZK, which would shift it from a pure governance token to a utility token.According to a press release shared with The Defiant, the proposal will see value accrue to the ZK token via its on-chain interoperability fees, and offchain enterprise licensing income. These revenue sources will fund staking rewards, ecosystem funding, and a buyback and burn mechanism.The move addresses the lack of tangible value in governance tokens, and is an extension of the ZKnomics roadmap first published in June. This original outline…

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Precious metals investors looking to get in on undervalued stocks are missing out on this company, according to Bob Moriarty of 321Gold.com. Aztec Minerals Corp. (AZT:TSX.V; AZZTF:OTCQB) announced results from 11 reverse-circulation (RC) drill holes and its first core assay results at the Tombstone gold-silver project in southeastern Arizona. On July 15, 2026, Aztec reported that step-out and first-pass drilling continued to expand the oxide gold-silver zone at the Contention target, extending mineralization west, southwest, south, and to significant new depth. According to the press release, results include: Hole TR26-30 intersected 198.1 meters, averaging 0.86 g/t Au (gold) and…

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Join us at ALTSSG The $404B (S$518 billion) Temasek Holdings Pte is bullish towards artificial intelligence, core-plus infrastructure and private credit through 2031, betting that AI in particular will define returns. Temasek expects to hike exposure to AI investments to up to 15%, up to 5% in core-plus infrastructure and up to 5% in private credit by March 31, 2031, Dilhan Pillay, chief executive officer said at the fund’s annual review briefing. The AI and infrastructure targets exclude exposure through its listed Temasek Portfolio Companies (TPCs). “There are opportunities where demand is underpinned by long-term structural trends, and where patient…

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SUMMARY Mutual funds increased their holdings by more than 15.18 Cr shares during the June quarter, taking the cumulative holding of 27 mutual funds to 7.93% Foreign company holdings (excluding FPIs and foreign nationals) in Meesho declined to 62.05% of the diluted share capital from 65.51% at the end of March The ecommerce company’s post-IPO lock-in expired on June 9, making nearly 68% of its outstanding equity eligible for trading Domestic institutional investors increased their exposure to Meesho in the first quarter of FY27, offsetting stake sales by several early foreign backers after the ecommerce company’s post-IPO lock-in period ended. …

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