Web-based video games are experiencing an unexpected revival as the broader $189 billion industry stagnates. Sales for browser-based titles like GeoGuessr and chess were expected to triple from 2021 to 2028, reaching $3.09 billion, according to Google and Kantar. Playgama hosted more than 15,000 new web games in the first half of 2025, exceeding the combined total from 2021 through 2023.

Websites provide fast and easy access without console boot-ups or app downloads. Game creators sidestep the 30% revenue cuts imposed by Steam and Apple. Poki has doubled its employee count to 70 since 2020 and now serves 100 million monthly active users. A top-ten developer on the platform earns about $1 million in yearly revenue, up from $50,000 in 2020. Consoles cost more than $450, and smartphone gamers are downloading fewer apps. Electronic Arts founder Trip Hawkins predicted web games will be "one of the next waves."

An anonymous reader shares a report: Automattic, the company that owns WordPress.com, is asking Automatic.CSS -- a company that provides a CSS framework for WordPress page builders -- to change its name amid public spats between Automattic founder Matt Mullenweg and Automatic.CSS creator Kevin Geary. Automattic has two T's as a nod to Matt.

"As you know, our client owns and operates a wide range of software brands and services, including the very popular web building and hosting platform WordPress.com," Jim Davis, an intellectual property attorney representing Automattic, wrote in a letter dated Oct. 30.

"Automattic is also well-known for its longtime and extensive contributions to the WordPress system. Our client owns many trademark registrations for its Automattic mark covering those types of services and software," Davis continued. "As we hope you can appreciate, our client is concerned about your use of a nearly identical name and trademark to provide closely related WordPress services. Automattic and Automatic differ by only one letter, are phonetically identical, and are marketed to many of the same people. This all enhances the potential for consumer confusion and dilution of our client's Automattic mark."

China has delayed the return of its Shenzhou-20 crewed spacecraft after it was suspected to have been struck by space debris while docked at the Tiangong space station. "The Shenzhou-20 crewed spacecraft is suspected of being struck by a small piece of space debris, and impact analysis and risk assessment are underway," the China Manned Space Engineering Office (CMSEO) statement Nov. 5 read. "To ensure the safety and health of the astronauts and the complete success of the mission, it has been decided that the Shenzhou-20 return mission, originally scheduled for Nov. 5, will be postponed." SpaceNews reports: CMSEO did not specify the location of the suspected strike, the extent of any damage, or the data that indicated an impact. No potential dates were noted for a return to Earth. The Shenzhou-20 spacecraft launched April 24, carrying three astronauts -- commander Chen Dong and crewmates Chen Zhongrui and Wang Jie -- to the Tiangong space station. The spacecraft docked at the radial port of Tiangong's Tianhe core module. The crew have completed their six-month-long mission in orbit, and had handed over control of the space station to the newly-arrived Shenzhou-21 crew Nov. 4.

Checks on the Shenzhou-20 spacecraft could include telemetry and leak tests, verifying guidance and propulsion systems, and screening for impacts in accelerometer and acoustic sensor data. A key concern would be potential damage to the spacecraft's thermal protection system or parachute deployment structures, both critical for safe atmospheric reentry and landing. Tiangong features a 10-meter-long robotic arm, capable of crawling, and a smaller, more precise arm. These could be employed to position cameras and provide closeup imagery of a potential impact. Crews may be able to conduct an extravehicular activity (EVA) to assess the situation. Tiangong crews have recently added debris shields during a number of EVAs; the same procedures, tools, and arm support can be adapted for a Shenzhou inspection.

Europe's self-driving car industry has fallen far behind the United States and China. Self-driving taxis developed by Tesla and Waymo have become commonplace in several American cities. Waymo overtook Lyft's market share in San Francisco in June. China operates a thriving robotaxi industry led by Baidu, WeRide and Pony AI. Europe has no established player and runs pilot projects in only a handful of cities. The most promising is Volkswagen-backed Moia in Germany.

Markus Villig, chief executive of Estonian ride-hailing company Bolt Technology, told Brussels officials in mid-October that Europeans will move about their cities in American robotaxis by 2030 unless the European Commission acts quickly. He called for investment, regulatory clarity and restrictions on foreign competitors. Traffic laws governing self-driving tests vary at national and city levels across Europe. Commission President Ursula von der Leyen delivered a speech in Turin about AI adoption days before Villig's visit. Last week, Henna Virkkunen, the commission's technology chief, gathered carmakers and technologists to create a harmonized framework for self-driving cars. Waymo announced plans to provide driverless rides in the United Kingdom starting in 2026.

Longtime Slashdot reader sinij shares a report from Car and Driver: Sales of electric vehicles surged in September as shoppers rushed to take advantage of the $7500 federal EV tax credit before it disappeared at the end of the month. With the government subsidies now gone, EV sales were expected to take a hit in October. While only a few automakers still report sales on a monthly basis, the results we do have do not paint a rosy picture for EVs in a post-tax credit world.

The Korean automakers were hit particularly hard by the loss of the tax credit. The Hyundai Ioniq 5, which was the fifth-best-selling EV through the third quarter of this year, experienced a 63 percent drop, moving 1642 units in October 2025, down from 4498 in 2024. Its platform-mates saw similar declines. The Kia EV6 moved just 508 units, down 71 percent versus the same month the year before, while the luxurious Genesis GV60 only found 93 buyers, a 54 percent slide year over year. Things were even worse at Honda. While the Acura ZDX was recently discontinued after just a single model year, the related Honda Prologue remains on sale but registered just 806 units, down 81 percent from 4130 sales in October 2024. [...]

Obviously, this isn't the full picture, as several major players -- including General Motors, Toyota, Nissan, and Volkswagen -- only release sales reports on a quarterly basis, and others, such as Tesla and Rivian, don't break out individual sales at all. But with four of the top 10 bestselling EVs through Q3 all showing noteworthy declines in October, it spells trouble for the EV market at large. The end-of-year sales figures will provide a much clearer picture of whether October was just a blip or the start of a much more widespread problem for EV sales.

Apple is paying Google to create a custom Gemini-based model that will run on the company's private cloud servers and power the next version of Siri, according to Bloomberg. The decision marks a departure from Apple's tradition of building core technologies in-house. The arrangement follows a competition Apple held this year between Anthropic and Google, the report said. Anthropic offered a superior model, but Google made more financial sense because of the tech giants' existing search relationship. Neither company is expected to discuss the partnership publicly, the report added.

The new Siri will introduce AI-powered web search and other features users have come to expect from voice assistants. The custom model will not flood Siri with Google services or Gemini features already available on Android devices. Instead, it will provide the underlying AI capabilities through an Apple user interface. The company is betting heavily on the revamped Siri to undo years of brand damage.

An anonymous reader quotes a report from CNBC: Korean semiconductor giant Samsung said Thursday that it plans to buy and deploy a cluster of 50,000 Nvidia graphics processing units to improve its chip manufacturing for mobile devices and robots. The 50,000 Nvidia GPUs will be used to create a facility Samsung is calling an "AI Megafactory." Samsung didn't provide details about when the facility would be built. It's the latest splashy partnership for Nvidia, whose chips remain essential for building and deploying advanced artificial intelligence. [...]

On Thursday, Nvidia representatives said they will work with Samsung to adapt the Korean company's chipmaking lithography platform to work with Nvidia's GPUs. That process will results in 20 times better performance for Samsung, the Nvidia representatives said. Samsung will also use Nvidia's simulation software called Omniverse. Known for its mobile phones, Samsung also said it would use the Nvidia chips to run its own AI models for its devices. In addition to being a partner and customer, Samsung is also a key supplier for Nvidia. Samsung makes the kind of high-performance memory Nvidia uses in large quantities, alongside its AI chips, called high bandwidth memory. Samsung said it will work with Nvidia to tweak its HBM4 memory for use in AI chips.

Amazon will begin blocking sideloaded piracy apps on Fire TV devices by cross-checking them against a blacklist maintained by the Alliance for Creativity and Entertainment. The company will, however, continue to allow legitimate sideloading for developers. Heise reports: In response to an inquiry, Amazon explained that it has always worked to ban piracy from its app store. As part of an expanded program led by the ACE, it is now blocking apps that demonstrably provide access to pirated content, including those downloaded outside the app store. This builds on Amazon's ongoing efforts to support creators and protect customers, as piracy can also expose users to malware, viruses, and fraud.

[...] The sideloading option will remain available on Fire TV devices running Amazon's new operating system, Vega OS. However, it is generally limited to developers here. In this context, the company emphasized that, contrary to rumors, there are no plans to upgrade existing Fire TV devices with Fire OS as the operating system to Vega OS.

An anonymous reader shares a report: Immigration and Customs Enforcement (ICE) does not let people decline to be scanned by its new facial recognition app, which the agency uses to verify a person's identity and their immigration status, according to an internal Department of Homeland Security (DHS) document obtained by 404 Media. The document also says any face photos taken by the app, called Mobile Fortify, will be stored for 15 years, including those of U.S. citizens.

The document provides new details about the technology behind Mobile Fortify, how the data it collects is processed and stored, and DHS's rationale for using it. On Wednesday 404 Media reported that both ICE and Customs and Border Protection (CBP) are scanning peoples' faces in the streets to verify citizenship.

"ICE does not provide the opportunity for individuals to decline or consent to the collection and use of biometric data/photograph collection," the document, called a Privacy Threshold Analysis (PTA), says. A PTA is a document that DHS creates in the process of deploying new technology or updating existing capabilities. It is supposed to be used by DHS's internal privacy offices to determine and describe the privacy risks of a certain piece of tech. "CBP and ICE Privacy are jointly submitting this new mobile app PTA for the ICE Mobile Fortify Mobile App (Mobile Fortify app), a mobile application developed by CBP and made accessible to ICE agents and officers operating in the field," the document, dated February, reads. 404 Media obtained the document (which you can see here) via a Freedom of Information Act (FOIA) request with CBP.

An anonymous reader quotes a report from the Guardian: Australian scientists have developed roof coatings that can passively cool surfaces up to 6C below ambient temperature, as well as extract water from the atmosphere, which they say could reduce indoor temperatures during extreme heat events. One coating made from a porous film, which can be painted on to existing roofs, works by reflecting 96% of incoming solar radiation, rather than absorbing the sun's energy. It also has a high thermal emittance, meaning it effectively dissipates heat to outer space when the sky is clear. Its properties are known as passive radiative cooling. [...]

In a study, published in the journal Advanced Functional Materials, the researchers tested a prototype for six months on the roof of the Sydney Nanoscience Hub, pairing the cool paint with a UV-resistant topcoat that encouraged dew droplets to roll down into a receptacle. As much as 390 milliliters per sq meter per day could be collected for about a third of the year, the scientists found. Based on that water capture rate, an average Australian roof -- about 200 sq meters -- could provide up to 70 liters on days favorable for collecting dew, they estimate. [...]

In well-insulated buildings, a 6C decrease in roof temperature "might result in a smaller fraction of that cooling being reflected in the top level of the house," [said the study's lead author, Prof Chiara Neto of the University of Sydney], but greater temperature reductions would be expected in most Australian houses, "where insulation is quite poor." She said the coating could also help reduce the urban heat island effect, in which hard surfaces absorb more heat than natural surfaces, resulting in urban centers being 1C to 13C warmer than rural areas. The researchers found that the prototype coating was comprised of poly(vinylidene fluoride-co-hexafluoropropene), which is used in the building industry but was "not a scalable technology going forward" due to its environmental issues. However, they are now commercializing a water-based paint with similar performance that is affordable and environmentally safer, costing about the same as standard premium paints.

Universal Music Group has settled its copyright lawsuit with AI music startup Udio and struck a licensing deal to launch a new AI-powered music platform next year. The Verge reports: The deal includes some form of compensation and "will provide further revenue opportunities for UMG artists and songwriters," Universal says. Udio, the company behind "BBL Drizzy," will launch the platform as a subscription service next year. Universal, alongside other industry giants Sony and Warner, sued Udio and another startup Suno for "en masse" copyright infringement last year.

Universal -- whose roster includes some of the world's biggest performers like Taylor Swift, Bad Bunny, and Ariana Grande -- says the new tool will "transform the user engagement experience" and let creators customize, stream, and share music. There's no indication of how much it will cost yet. Udio's existing music maker, which lets you create new songs with a few words, will remain available during the transition, though content will be held "within a walled garden" and security measures like fingerprinting will be added.

Alphabet reported its first-ever $100 billion quarter, fueled by a 34% surge in Google Cloud revenue and booming AI demand. The tech giant also announced an increase in expected capital expenditures for the fiscal year of 2025. CNBC reports: "With the growth across our business and demand from Cloud customers, we now expect 2025 capital expenditures to be in a range of $91 billion to $93 billion," the company said in its earnings report (PDF) Wednesday. "Looking out to 2026, we expect a significant increase in CapEx and will provide more detail on our fourth quarter earnings call," said finance chief Anat Ashkenazi on the earnings call with investors Wednesday.

Earlier this year, the company increased its capital expenditure expectation from $75 billion to $85 billion. Most of that goes toward technical infrastructure such as data centers. The latest earnings show the company is seeing rising demand for its AI services, which largely sit in its cloud unit. It also shows the company is continuing to spend more to try and build out more infrastructure to accomodate the backlog of customer requests. "We continue to drive strong growth in new businesses. Google Cloud accelerated, ending the quarter with $155 billion in backlog," CEO Sundar Pichai said in the earnings release.

NextEra Energy and Google have partnered to restart Iowa's long-shuttered Duane Arnold nuclear plant, marking the first major U.S. attempt to revive a decommissioned reactor. "We expect Duane Arnold to be back online in early 2029, and the plant will provide more than 600 MW of clean, safe, 'always-on' nuclear energy to the regional grid," said Google in a blog post. Reuters reports: Under the 25-year agreement, the tech giant will purchase power from the 615-MW plant for its growing cloud and AI infrastructure in the state, while also driving significant economic investment to the Midwest region. One of the plant's minority owners, Central Iowa Power Cooperative (CIPCO), will purchase the remaining portion of the plant's output on the same terms as Google, NextEra said. The utility added that it had also signed agreements to acquire CIPCO and Corn Belt Power Cooperative's combined 30% interest in the Duane Arnold plant, bringing NextEra's ownership to 100%.

A new study from the Complexity Science Hub Vienna finds that as people's close social circles expanded from two to five friends around the rise of social media (2008-2010), polarization in society spiked. "The connection between these two developments could provide a fundamental explanation for why societies around the world are increasingly fragmenting into ideological bubbles," reports Phys.org. From the report: The researchers' findings confirm that increasing polarization is not merely perceived -- it is measurable and objectively occurring. "And this increase happened suddenly, between 2008 and 2010," says [says Stefan Thurner from the Complexity Science Hub (CSH)]. The question remained: what caused it? [...] The sharp rise in both polarization and the number of close friends occurred between 2008 and 2010 -- precisely when social media platforms and smartphones first achieved widespread adoption. This technological shift may have fundamentally changed how people connect with each other, indirectly promoting polarization.

"Democracy depends on all parts of society being involved in decision-making, which requires that everyone be able to communicate with each other. But when groups can no longer talk to each other, this democratic process breaks down," emphasizes Stefan Thurner. Tolerance plays a central role. "If I have two friends, I do everything I can to keep them -- I am very tolerant towards them. But if I have five and things become difficult with one of them, it's easier to end that friendship because I still have 'backups.' I no longer need to be as tolerant," explains Thurner.

What disappears as a result is a societal baseline of tolerance -- a development that could contribute to the long-term erosion of democratic structures. To prevent societies from increasingly fragmenting, Thurner emphasizes the importance of learning early how to engage with different opinions and actively cultivating tolerance. The research was published in Proceedings of the National Academy of Sciences.

OpenAI's rival Anthropic has a different approach — and "a clearer path to making a sustainable business out of AI," writes the Wall Street Journal. Outside of OpenAI's close partnership with Microsoft, which integrates OpenAI's models into Microsoft's software products, OpenAI mostly caters to the mass market... which has helped OpenAI reach an annual revenue run rate of around $13 billion, around 30% of which it says comes from businesses.

Anthropic has generated much less mass-market appeal. The company has said about 80% of its revenue comes from corporate customers. Last month it said it had some 300,000 of them... Its cutting-edge Claude language models have been praised for their aptitude in coding: A July report from Menlo Ventures — which has invested in Anthropic — estimated via a survey that Anthropic had a 42% market share for coding, compared with OpenAI's 21%. Anthropic is also now ahead of OpenAI in market share for overarching corporate AI use, Menlo Ventures estimated, at 32% to OpenAI's 25%. Anthropic is also surprisingly close to OpenAI when it comes to revenue. The company is already at a $7 billion annual run rate and expects to get to $9 billion by the end of the year — a big lead over its better-known rival in revenue per user.

Both companies have backing in the form of investments from big tech companies — Microsoft for OpenAI, and a combination of Amazon and Google for Anthropic — that help provide AI computing infrastructure and expose their products to a broad set of customers. But Anthropic's growth path is a lot easier to understand than OpenAI's. Corporate customers are devising a plethora of money-saving uses for AI in areas like coding, drafting legal documents and expediting billing. Those uses are likely to expand in the future and draw more customers to Anthropic, especially as the return on investment for them becomes easier to measure...

Demonstrating how much demand there is for Anthropic among corporate customers, Microsoft in September said Anthropic's leading language model, Claude, would be offered within its Copilot suite of software despite Microsoft's ties to OpenAI.
"There is also a possibility that OpenAI's mass-market appeal becomes a turnoff for corporate customers," the article adds, "who want AI to be more boring and useful than fun and edgy."

America's largest university system, with 460,000 students, is the 22-campus "Cal State" system, reports the New York Times. And it's recently teamed with Amazon, OpenAI and Nvidia, hoping to embed chatbots in both teaching and learning to become what it says will be America's "first and largest AI-empowered" university" — and prepare students for "increasingly AI-driven" careers.

It's part of a trend of major universities inviting tech companies into "a much bigger role as education thought partners, AI instructors and curriculum providers," argues the New York Times, where "dominant tech companies are now helping to steer what an entire generation of students learn about AI, and how they use it — with little rigorous evidence of educational benefits and mounting concerns that chatbots are spreading misinformation and eroding critical thinking..."

"Critics say Silicon Valley's effort to make AI chatbots integral to education amounts to a mass experiment on young people." As part of the effort, [Cal State] is paying OpenAI $16.9 million to provide ChatGPT Edu, the company's tool for schools, to more than half a million students and staff — which OpenAI heralded as the world's largest rollout of ChatGPT to date. Cal State also set up an AI committee, whose members include representatives from a dozen large tech companies, to help identify the skills California employers need and improve students' career opportunities... Cal State is not alone. Last month, California Community Colleges, the nation's largest community college system, announced a collaboration with Google to supply the company's "cutting edge AI tools" and training to 2.1 million students and faculty. In July, Microsoft pledged $4 billion for teaching AI skills in schools, community colleges and to adult workers...

[A]s schools like Cal State work to usher in what they call an "AI-driven future," some researchers warn that universities risk ceding their independence to Silicon Valley. "Universities are not tech companies," Olivia Guest and Iris van Rooij, two computational cognitive scientists at Radboud University in the Netherlands, recently said in comments arguing against fast AI adoption in academia. "Our role is to foster critical thinking," the researchers said, "not to follow industry trends uncritically...."

Some faculty members have pushed back against the AI effort, as the university system faces steep budget cuts. The multimillion-dollar deal with OpenAI — which the university did not open to bidding from rivals like Google — was wasteful, they added. Faculty senates on several Cal State campuses passed resolutions this year criticizing the AI initiative, saying the university had failed to adequately address students using chatbots to cheat. Professors also said administrators' plans glossed over the risks of AI to students' critical thinking and ignored troubling industry labor practices and environmental costs.

Martha Kenney, a professor of women and gender studies at San Francisco State University, described the AI program as a Cal State marketing vehicle helping tech companies promote unproven chatbots as legitimate educational tools.
The article notes that Cal State's chief information officer "defended the OpenAI deal, saying the company offered ChatGPT Edu at an unusually low price.

"Still, California's community college system landed AI chatbot services from Google for more than 2 million students and faculty — nearly four times the number of users Cal State is paying OpenAI for — for free."

"Around tables cluttered with dice, maps and character sheets, players are doing far more than playing," writes Phys.org. It's what sociologists call serious leisure — "a hobby that demands skill, commitment and personal fulfillment," according to an associate professor/program director for Florida International University's Rehabilitation and Recreational Therapy Program: To understand what makes D&D more than just a pastime, [associate professor Emily Messina] studies how games like this promote identity-building and connection... Beyond personal expression, Messina says the social and emotional benefits of D&D reflect the very traits that make serious leisure valuable: the sense of identity, the relationships built through shared experiences and the continued connection with the same group of people over time... The game can also provide structure and purpose for people managing mental illness who might not be able to hold a full-time job because of their symptoms. The game gives them structure versus filling their day with binge streaming...

Activities such as D&D can be used by young children as a reward structure or with older adults, such as retirees, to help provide a sense of purpose and daily rhythm. "Post retirement is one of the most dangerous points in an adult's life," she said. "They lose that sense of structure and possibly their social connection." Building structure through leisure pursuits after retirement has been shown to help maintain physical fitness, social interaction, cognitive processing and attention span and decrease depression. "The idea of structure and reward with desired pursuit can work for all ages," Messina said.
The research was published in Leisure Studies.

Google plans to let Pixel smartphone enthusiasts test out the company's next handset ahead of its public introduction. From a report: Google has invited members of its "Superfans" group to apply to test future Pixel hardware, asking entrants to profess their knowledge and passion for the brand in hopes of being able to beta test forthcoming products.

Consumer tech companies often let small groups of customers try out unreleased products under strict secrecy to gather feedback during development. But it's incredibly rare for a company of Google's size to do it with something as high-profile as the Pixel lineup.

The search giant will select 15 people from the pool of entrants, and winners must all sign a non-disclosure agreement to receive devices, according to official rules for the contest reviewed by Bloomberg News. "The Trusted Tester program is an opportunity to provide feedback and help shape a Pixel phone currently in development," the document reads.

On Cloudflare's blog, a senior research engineer shares a plan for "improving the trustworthiness of JavaScript on the web."

"It is as true today as it was in 2011 that Javascript cryptography is Considered Harmful." The main problem is code distribution. Consider an end-to-end-encrypted messaging web application. The application generates cryptographic keys in the client's browser that lets users view and send end-to-end encrypted messages to each other. If the application is compromised, what would stop the malicious actor from simply modifying their Javascript to exfiltrate messages? It is interesting to note that smartphone apps don't have this issue. This is because app stores do a lot of heavy lifting to provide security for the app ecosystem. Specifically, they provide integrity, ensuring that apps being delivered are not tampered with, consistency, ensuring all users get the same app, and transparency, ensuring that the record of versions of an app is truthful and publicly visible.

It would be nice if we could get these properties for our end-to-end encrypted web application, and the web as a whole, without requiring a single central authority like an app store. Further, such a system would benefit all in-browser uses of cryptography, not just end-to-end-encrypted apps. For example, many web-based confidential LLMs, cryptocurrency wallets, and voting systems use in-browser Javascript cryptography for the last step of their verification chains. In this post, we will provide an early look at such a system, called Web Application Integrity, Consistency, and Transparency (WAICT) that we have helped author. WAICT is a W3C-backed effort among browser vendors, cloud providers, and encrypted communication developers to bring stronger security guarantees to the entire web... We hope to build even wider consensus on the solution design in the near future....

We would like to have a way of enforcing integrity on an entire site, i.e., every asset under a domain. For this, WAICT defines an integrity manifest, a configuration file that websites can provide to clients. One important item in the manifest is the asset hashes dictionary, mapping a hash belonging to an asset that the browser might load from that domain, to the path of that asset.
The blog post points out that the WEBCAT protocol (created by the Freedom of Press Foundation) "allows site owners to announce the identities of the developers that have signed the site's integrity manifest, i.e., have signed all the code and other assets that the site is serving to the user... We've made WAICT extensible enough to fit WEBCAT inside and benefit from the transparency components." The proposal also envisions a service storing metadata for transparency-enabled sites on the web (along with "witnesses" who verify the prefix tree holding the hashes for domain manifests).

"We are still very early in the standardization process," with hopes to soon "begin standardizing the integrity manifest format. And then after that we can start standardizing all the other features. We intend to work on this specification hand-in-hand with browsers and the IETF, and we hope to have some exciting betas soon. In the meantime, you can follow along with our transparency specification draft,/A>, check out the open problems, and share your ideas."

An anonymous reader shared this report from Cryptonews: Sony has taken Wall Street by surprise after its banking division, Sony Bank, filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish a national crypto bank under its subsidiary "Connectia Trust." The move positions the Japanese tech giant to become one of the first major global corporations to issue a U.S. dollar-backed stablecoin through a federally regulated institution. The application outlines plans to issue a U.S. dollar-pegged stablecoin, maintain the reserve assets backing it, and provide digital asset custody and management services.

The filing places Sony alongside an elite list of firms, including Coinbase, Circle, Paxos, Stripe, and Ripple, currently awaiting OCC approval to operate as national digital banks. If approved, Sony would become the first major global technology company to receive a U.S. bank charter specifically tied to stablecoin issuance....
The Office of the Comptroller of the Currency "has received over 15 applications from fintech and crypto entities seeking trust charters," according to the article, calling it "a sign of renewed regulatory openness" under the office's new chief, a former blockchain executive.

Meanwhile, the United States has also "conditionally given the nod to a new cryptocurrency-focused national bank launched by California tech billionaire Palmer Luckey," reports SFGate: To bring the bank to life, Luckey joined forces with JoeLonsdale, co-founder of Palantir and venture firm 8VC, and financial backer and fellow Palantir co-founder Peter Thiel, according to the Financial Times. Luckey conceived the idea for Erebor following the collapse of the Silicon Valley Bank in 2023, the Financial Times reported. The bank's name draws inspiration from J.R.R. Tolkien's "The Hobbit," referring to another name for the Lonely Mountain in the novel...

The OCC said it applied the "same rigorous review and standards" used in all charter applications. The ["preliminary"] approval was granted in just four months; however, compliance and security checks are expected to take several more months before the new bank can open.
"I am committed to a dynamic and diverse federal banking system," America's Comptroller of the Currency said Wednesday, "and our decision today is a first but important step in living up to that commitment."

"Permissible digital asset activities, like any other legally permissible banking activity, have a place in the federal banking system if conducted in a safe and sound manner. The OCC will continue to provide a path for innovative approaches to financial services to ensure a strong, diverse financial system that remains relevant over time."