SpaceX’s Falcon 9 rocket has changed the cost structure and market share of the global launch vehicle market by combining reusability with a high launch frequency, an analysis said. Researchers who studied more than 6,700 launches from 1960 to 2025 said the United States now carries more than three-quarters of total mass delivered to orbit and has sharply increased its share of annual global payload mass. They said Europe faces a narrowing choice between reliance on low-cost U.S. launch services and expanding its own, costlier technology.

Asia is emerging as the first large-scale testing ground for stablecoin payment and settlement networks. Singapore, Hong Kong and Japan are building regulatory zones that allow stablecoins for payments and settlement under supervision. Singapore has included firms such as Circle and Coinbase as major payment institutions. Hong Kong has started licensing fiat-backed stablecoin issuers and granted its first licences. Japan has expanded its crypto travel rule requirements for transfers.