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Industry

Desktop fusion device achieves 11 million-degree plasma milestone toward commercialisation

U.S. fusion startup Avalanche said it has generated plasma of about 11 million degrees Celsius in a desktop-sized prototype, reaching a temperature close to the sun’s core. The company said this clears a key technical threshold for fusion, though it does not mean net energy production. Avalanche is pursuing a small, low-cost system and said it has raised less than $50 million to reach this stage. The result has not been peer reviewed.

Crypto

Visa, Brale launch stablecoin institutional payments pilot on Canton Network

Visa and Brale have started a proof-of-concept on the Canton Network for stablecoin-based settlement of institutional payments. The test uses SBC, a dollar-pegged token issued by Brale, to assess institutional payment flows on blockchain infrastructure that supports privacy. The aim is to evaluate whether financial institutions and payment firms can implement fast, programmable settlement while directly controlling how much sensitive transaction data is disclosed.

Crypto

XRP runs alone as clash over U.S. Clarity Act intensifies

In the first week of June, the crypto market moved around three themes: XRP’s outperformance, bitcoin’s lack of direction and a power struggle over the U.S. Clarity Act. Spot bitcoin ETFs logged outflows for 10 straight sessions, pushing cumulative net outflows close to $3 billion, while XRP ETFs extended net inflows. JPMorgan publicly opposed the bill, citing a ban on paying interest to stablecoin holders, prompting pushback from Coinbase and support from Senator Cynthia Lummis.