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Crypto

JCB partners with Circle to test stablecoin payments in Japan

JCB is partnering with Circle to examine the feasibility of cross-border payments using USDC and its potential use at merchants in Japan. The companies will first explore using USDC for internal cross-border fund transfers through a proof of concept. They will also pursue stablecoin payments at local merchants by overseas visitors to Japan and review technology supporting interoperability across multiple blockchain networks. They did not disclose a commercialization timeline.

AI & Enterprise

U.S. chip stock selloff spreads to Asia, SoftBank slides 8 percent

Japanese technology shares fell sharply as a selloff in U.S. semiconductor stocks spread across Asia, CNBC reported on Thursday. SoftBank dropped 8.8 percent, while Tokyo Electron fell 9 percent and Advantest slid 9.4 percent. Kioxia sank more than 14 percent after a Texas federal jury found infringement of Viasat memory technology patents and ordered $229 million in damages. South Korean markets were shut for a holiday.

Industry

South Korea\'s physics prodigies sweep gold with clean medal haul at international Olympiad

South Korea\'s team won gold medals across the board at the 56th International Physics Olympiad held in Bucaramanga, Colombia, the Science Ministry and the Korea Foundation for the Advancement of Science and Creativity said. All five Korean contestants took gold, with one ranking first overall. The national team also won gold at the 39th International Young Physicists\' Tournament in Zurich, its first gold there since 2018, after finishing second overall in the preliminary rounds.