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Crypto

Wise to reapply for federal trust bank charter under Genius Act framework

Wise, a London-headquartered cross-border remittance and foreign-exchange services company, will submit a new application for a U.S. federal trust bank charter under the Genius Act stablecoin framework after the Office of the Comptroller of the Currency rejected its original proposal. The Block reported the OCC said the initial filing did not align with new Federal Reserve policy on payment system master account access. Reuters reported Wise will reapply on July 24.

Games & Commerce

Court rejects Webzen injunction bid against \'Dragonsword\'; Steam release to proceed as planned

Hound13 said on Wednesday that the Seoul Central District Court rejected Webzen\'s request for a provisional injunction to block the release of \'Dragonsword: Awakening\'. The dispute arose after Webzen failed to pay a minimum guarantee under a publishing contract, after which Hound13 terminated the deal. The court found the termination valid and rejected claims of unauthorised use of translations. The game is set for release on Steam as planned.

AI & Enterprise

Megazone partners with Tesollo on physical AI training and technology

Megazone, the parent company of AI and cloud firm MegazoneCloud, said on Wednesday it will cooperate with AI-based robotic gripper specialist Tesollo on physical AI education and technology. The companies will jointly develop and run practice-focused training courses using Tesollo’s AI gripper and robot-hand products. Megazone will support the training environment and operations through its education center, while Tesollo will provide products and technical support.