According to CEO Adam Traidman, SBI Ripple Asia is conducting trial and pilot projects in Asia for Ripple’s On-Demand Liquidity.
Asia may be the next proving ground for crypto firm Ripple to reach with its cross-border payments corridor.

In a June 18 interview on the YouTube channel Thinking Crypto, Adam Traidman, CEO of SBI Ripple Asia—a subsidiary of Japanese financial services giant SBI Holdings—said Ripple has started to roll out its On-Demand Liquidity (ODL) solution in Asia.
Read on: https://cointelegraph.com/news/sbi-ripple-asia-ceo-expects-greater-odl-expansion-into-asia-by-2021

PayPal-backed TRM Labs will provide real-time transaction monitoring to bolster the digital asset exchange’s regulatory compliance.
Crypto exchanges are ratcheting up the pressure when it comes to illegal activity.

Digital asset exchange FalconX announced on Tuesday a partnership with Paypal-backed TRM Labs to bring real-time transaction monitoring to the platform. TRM’s transaction monitoring service will automatically analyze digital asset transactions to detect potential money laundering and other illegal activities on the FalconX exchange.
Read on: https://decrypt.co/33249/paypal-backed-trm-institutional-crypto-exchange-falconx

Huobi Token is the first foreign exchange token approved by the Japan’s financial regulator.
Singapore-registered crypto exchange Huobi Global has revealed that its company-rolled crypto, Huobi Token, will finally be listed on its Japanese subsidiary. Huobi Token is the first foreign exchange token approved by the country’s financial regulator.

Huobi Token launches on Huobi Japan with six trading pairings: the Japanese yen, Bitcoin, Ethereum, Bitcoin Cash, XRP and Litecoin. Huobi Japan plans to reduce the fees for buying Huobi Token and will let users stake the token.
Read on: https://decrypt.co/32554/huobi-token-listed-on-its-japanese-subsidiary

Bitcoin was already correcting after yesterday’s lows, but a recent rumor involving PayPal and crypto trading gave the markets a boost.
Bitcoin went bullish a few hours ago, coming out of the horizontal channel that has kept it locked up for the last week.

After having spent the last 10 days oscillating between $9,300 and $9600, the largest cryptocurrency by market capitalization managed to break a weekly resistance and reach levels not seen since a price dump two weeks ago.
Read on: https://decrypt.co/33196/bitcoin-surges-paypal-rumours

The Italian Banking Association, which represents over 700 Italian banks, is ready to start work on a European Central Bank project
The Italian Banking Association on Thursday stated the willingness of its members to partake in any of the European Central Bank’s digital currency projects.

Developing a central bank digital currency, or CBDC, could replace demand for cryptocurrencies, it said.
Read on: https://decrypt.co/33151/italian-banks-ready-europe-wide-digital-currency

Dark comedy Decrypted features a “mismatched NSA team” trying to force Satoshi to help them destroy cryptocurrencies
Nobody knows who the pseudonymous Satoshi Nakamoto, the alleged creator of Bitcoin, really is. But British film production company Substantial Films reckons it’s found his very likeness in Asian-American actor Akie Kotabe, who’ll play Satoshi in upcoming film Decrypted (no relation to our humble website).

The film is billed as an “outrageous and provocative dark comedy” in which a mismatched NSA team kidnaps Satoshi and attempts to torture him for “the information they need to destroy crypto-currencies.”
Read on: https://decrypt.co/33113/satoshi-makamoto-tortured-decrypted-film

Alleged crypto Ponzi PlusToken withdraws $67 million in EOS
Previous large movements of funds by PlusToken caused “downward pressure” on the crypto market—and it could be happening again.
A wallet apparently belonging to PlusToken, an alleged crypto Ponzi scheme, has withdrawn over 26 million EOS tokens (over $67 million) from its wallet, according to Whale Alert.
Read on: https://decrypt.co/33095/alleged-crypto-ponzi-plustoken-withdraws-67-million-in-eos