News linked to this event type.
Reality, a licensed RWA protocol under Bitget, has released its latest Proof of Reserves (PoR) report. The report shows that Reality's reserve ratio has reached 100%, and its issued tokenized stocks, rToken, are pegged 1:1 to the underlying US stock assets. This reserve data is updated daily and independently verified by the US auditing firm The Network Firm. The assets are custodied with Alpaca Securities LLC, a US securities broker registered with FINRA and protected by SIPC, and regulated under New York state law, forming a transparent tripartite independent structure of issuance, verification, and custody.The US stock tokens rToken issued by Reality have been deeply integrated into the Bitget ecosystem and can be used in core scenarios such as unified account margin and staking lending. Previous data shows that within one month of listing, the assets under management (AUM) of Bitget's stock token rToken surpassed $100 million.
According to Magzter, India's Enforcement Directorate raided 19 locations between July 10 and 11 during a money laundering investigation involving online investment fraud and "work-from-home" scams, including 16 in Tamil Nadu, 2 in Kerala, and 1 in Srinagar. During the operation, approximately 335 million rupees worth of cryptocurrency and 145,000 rupees in cash were seized, over 400,000 rupees in bank accounts were frozen, and documents, electronic devices, and bank records were confiscated.
the Cardano Foundation stated it has exchanged insights with the Volvo Group on the application of blockchain technology in the manufacturing industry. Ivan Branco, responsible for information management, artificial intelligence, and data analytics for Volvo Group’s Belgian truck operations, stated that Volvo once created a proprietary cryptocurrency to internally test the supplier payment process.Ivan Branco believes that while the relevant technology is already usable, organizational culture has yet to catch up, which is more challenging to address than the technical issues. He also noted that supply chain compliance is a significant application scenario for blockchain. Shared ledgers among suppliers can enhance the transparency of component origins and reduce compliance risks associated with using parts from sanctioned countries.
Cryptocurrency exchange Luno has formally challenged South Africa’s proposed foreign exchange law reforms, arguing that the National Treasury’s plan to include digital assets under capital flow regulations bypasses parliament and involves the property and privacy rights of millions of South Africans. In its submission, Luno pointed out that the draft contains provisions for asset seizure without court orders, forced liquidation, and sanctions that could lead to business termination. Violators could face up to five years in prison, fines of up to $53,000, or both. Luno recommends that the final framework for crypto capital flows be established through an act of parliament, classifying crypto assets purchased and held on licensed exchanges in South Africa as domestic assets, and distinguishing between different digital asset categories based on their economic functions. Luno also suggests removing mechanisms for forced sales and warrantless asset seizures, and allowing non-resident international trading companies to continue accessing the South African market with appropriate registration, in order to maintain market liquidity.
DeepSeek is preparing for an initial public offering on the Shanghai Stock Exchange's STAR Market, with plans to submit its application by the end of this year and potentially complete the listing as early as the second quarter of 2027.DeepSeek has initiated discussions with investors and banks regarding its IPO plans. The funds raised from the offering are intended for model research and development, talent acquisition, and computing infrastructure construction. The relevant timeline may still be subject to adjustments, and the listing plan will require regulatory approval. (The Wall Street Journal)
According to Visa's official website, Visa and Artemis jointly released a report that deeply analyzes the current status and trends of AI agent payments based on real-time on-chain data. The report indicates that AI agent payments are divided into two categories: one is "macro commerce" where agents replace users to complete tasks like booking tickets and subscriptions, similar to traditional e-commerce payments; the other is "micro commerce" such as high-frequency, low-value API calls between software, where single transaction amounts are typically less than 1 cent. On-chain data shows that the open protocol x402, incubated by Coinbase and Cloudflare and now hosted by the Linux Foundation, has processed approximately 109 million transactions since launching in May 2025, with an adjusted transaction volume of about $15 million, mainly active on the Base, Solana, and Polygon chains; the Machine Payment Protocol (MPP), jointly built by Stripe and Tempo with Visa's contribution, launched in mid-March 2026 and completed approximately 115,000 transactions within weeks, with a settlement amount of about $25,000. The report notes that blockchain settlement costs have dropped to extremely low levels, making small payments in the 1-cent to 1-dollar range economically feasible for the first time, but agent payments still face significant challenges at the legal and regulatory level regarding trust, liability attribution, and dispute resolution. Visa stated that its goal is to build a unified foundation that simultaneously supports card-native trust authorization and machine-native settlement
Odaily Odaily News According to MAX monitoring, on July 16, the Cascade CLS treasury suspectedly experienced a security vulnerability, resulting in approximately $1.3 million in user fund losses. The platform has suspended all trading and withdrawals and has invited SEAL 911 and other third-party security teams to investigate and handle the incident. Cascade is a 24/7 multi-asset perpetual contract platform headquartered in New York, targeting the US market. It supports deposits via Arbitrum USDC or bank accounts and is currently still in an invitation-only private testing phase.
The U.S. Commodity Futures Trading Commission (CFTC) on Tuesday suspended an emergency rule by Kalshi, preventing it from forcibly liquidating open sports event contracts held by certain Michigan residents, and requiring Kalshi to follow normal procedures to fulfill related transactions. Kalshi submitted the emergency rule on July 12, after the Ingham County Circuit Court in Michigan orally requested it to close some positions. A letter dated July 6 stated that the related transactions must be voided, canceled, and refunded. The dispute began in March, when Michigan Attorney General Dana Nessel and the Michigan Gaming Control Board sued Kalshi, alleging that its sports event contracts constituted unlicensed internet sports betting. Kalshi argues that the relevant products are federally regulated derivatives under the Commodity Exchange Act. The CFTC stated that allowing Kalshi's emergency rule to take effect could undermine confidence that completed derivatives transactions will be honored and could cause significant market disruption. CFTC Chairman Michael Selig stated that a state government cannot force a designated contract market to violate its obligations.
British fintech company Revolut announced that it has received in-principle approval from the Dubai Virtual Assets Regulatory Authority (VARA) to conduct crypto asset-related business in the UAE. The scope of Revolut’s approval includes brokerage and dealing, asset management and investment, as well as cryptocurrency trading services. Revolut stated that in the future, users in the UAE will be able to buy, sell, and hold digital assets through the Revolut App and the Revolut X trading platform. (Cointelegraph)
According to data disclosed by the Korean financial industry on July 12, as of the end of June, the combined household loan balance (excluding policy loans) of the five major commercial banks—KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH Nonghyup Bank—stood at 647.58 trillion won, an increase of 3.70 trillion won compared to the end of last year. Earlier this year, South Korea's financial regulatory authorities set a total household loan growth cap for financial institutions at 1.5% for the year, lower than the actual growth rate of 1.7% last year, aiming to curb the overly rapid expansion of household debt.Calculated based on this target, the total annual new household loan ceiling for the five major banks is approximately 4.34 trillion won. Broken down by bank: KB Kookmin Bank 909.2 billion won, Shinhan Bank 850 billion won, Hana Bank 880.5 billion won, Woori Bank 826.6 billion won, and NH Nonghyup Bank 870 billion won. However, the actual increase of 3.70 trillion won in the first half alone already accounts for 85.3% of the annual ceiling. The remaining quota for the year is only about 639.5 billion won, spread over the six months of the second half, making the available room extremely limited. (Wall Street CN)
According to Sina Finance, the US International Trade Commission (ITC) voted to initiate a 337 investigation (Investigation No. 337-TA-1511) against Certain Dynamic Random Access Memory (DRAM) Devices, Products Containing the Same, and Components Thereof (II). It is alleged that the products exported to the US, imported into the US, and sold in the US violate Section 337 of the US Tariff Act (infringing US Registered Patent Nos. 12,646,537, 12,650,937), requesting the US ITC to issue a limited exclusion order and a cease and desist order. South Korea Samsung Electronics Co., Ltd., Suwon, Republic of Korea, US Samsung Electronics America, Inc., Plano, Texas, US Samsung Semiconductor, Inc., Plano, Texas, US Google LLC, Mountain View, California, US Super Mi
Bitget has listed 16 US stock tokens, including rXBI (S&P Biotech ETF-SPDR), rDIA (SPDR Dow Jones Industrial Average ETF Trust), rKSTR (SSE STAR 50 Index ETF), rJBL (Jabil Inc.), and rKR (Kroger), covering sectors such as finance, healthcare, information technology, and industrials. It is reported that rTokens, identified by the letter 'r' + stock ticker (e.g., NVIDIA as rNVDA), are issued by Reality, a licensed RWA protocol under Bitget. They directly connect to global liquidity pools such as Nasdaq and NYSE through cooperation with compliant broker Alpaca. Their features include: underlying assets 1:1 reserved and custodied by licensed custodians, stock dividends distributed 1:1 in token form, support for synchronous mapping of corporate actions (stock splits, etc.), and holdings can serve as combined margin for unified accounts and USDT-margined contracts, allowing users to flexibly manage funds while holding global stock assets.
: The Governor of the Bank of Tanzania, Emmanuel Tutuba, stated that the central bank is finalizing the legal and regulatory framework for digital assets, with the scope of regulation covering virtual assets, cryptocurrencies, and stablecoins, in order to strengthen oversight and supervision. Emmanuel Tutuba noted that many young people are investing in related fields, and the central bank has received complaints from individuals incurring losses in cryptocurrency-related transactions. The new rules will be used to protect investors in Tanzania. He added that the new regulations will also address the risks of money laundering, terrorist financing, and other illegal activities associated with virtual assets, requiring entities involved in such activities to operate in accordance with the forthcoming guidelines.
According to South Korean media EToday, Lee Yiyuan, Chairman of the Financial Services Commission of South Korea, announced that a supplementary plan targeting single-stock leveraged ETFs such as Samsung Electronics and SK Hynix, which have recently been accused of amplifying South Korean stock market volatility, will be announced soon. Currently, regulatory authorities are closely evaluating the impact of single-stock leveraged products on market volatility and are accelerating the formulation of a comprehensive plan. However, regarding whether to implement measures such as temporary trading halts, market impacts must still be carefully weighed to avoid triggering greater side effects. Lee added that the recent intensification of volatility in the South Korean stock market is mainly driven by factors such as increased volatility in the global semiconductor industry, the industry rapidly entering a super cycle, and significant short-term surges in related stocks. The weighting of Samsung Electronics and SK Hynix in the Korea Composite Stock Price Index (KOSPI) has increased, significantly strengthening the impact of their stock price fluctuations on the overall market.
Robinhood Chain launchpad Pons has officially responded to earlier reports about a token authorization vulnerability in its front end, stating that the Pons launchpad trading page does not have any Multicall3 functionality. The Multicall3 feature mentioned in the tweet originated from the previous Debank Chain old version bridge and was released before the Pons launchpad, thus it does not affect launchpad users. It is currently confirmed that only 0.60 NOXA tokens, valued at approximately $0.66, are affected.As a security precaution, Pons recommends that users who previously used the old version bridge revoke token authorizations via revoke.cash. The team is currently working with audit firms to investigate potential risks and has stated that Pons' front-end services will be restored after confirming the absence of any actual vulnerabilities.
: Ripple’s Global Head of Public Policy and Government Affairs, Lauren Belive, stated that opposing the CLARITY Act is not opposition to the crypto industry, but rather opposition to consumers, and would continue exposing crypto holders to bad actors who exploit regulatory arbitrage. Belive noted that while a digital asset market already exists in the United States, federal rules protecting consumers have not kept pace. She pointed out that the regulatory gaps that led to the collapse of FTX and the loss of customer funds still persist. Belive indicated that the CLARITY Act would grant the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) clear joint jurisdiction over the digital asset market, requiring tokens to undergo regulatory oversight before entering the market. Stuart Alderoty, Chief Legal Officer of Ripple and Chairman of the National Cryptocurrency Association, stated that opposing the CLARITY Act would allow the current unregulated status quo to continue and be exploited by bad actors.
Paradigm co-founder Matt Huang (@matthuang) announced in a post that Katie Biber (@katiebiber) has officially assumed the role of Chief Operating Officer (COO) at Paradigm, while continuing to serve concurrently as Chief Legal Officer (CLO). Matt Huang stated that Katie has profound expertise in legal and policy matters at the forefront of technology and is also an outstanding operations manager, and he is honored to have her manage Paradigm together with Alana Palmedo. Katie Biber has been with Paradigm for over 4 years.
Odaily President Trump will meet on Thursday with Republican Senators Bernie Moreno and Cynthia Lummis, along with White House crypto policy advisor Patrick Witt and White House Chief of Staff Susie Wiles, to focus on the ethics provisions in the CLARITY Act. These provisions are considered one of the main obstacles to advancing the crypto market structure bill.Kristin Smith, President of the Solana Policy Institute, stated, "The purpose of the meeting is to present some proposals on the ethics issue to Trump and hope to gain his support. I believe this is a very positive signal." She described the meeting as crucial for pushing the CLARITY Act through.Earlier, it was disclosed that Trump family-backed World Liberty Financial had received hundreds of millions of dollars in crypto-related revenue, raising concerns among Democrats about potential conflicts of interest. (The Block)
the U.S. Pentagon has, for the first time in more than 20 years, prohibited the public release of the annual report on the F-35 fighter jet program. The report, prepared at the request of the U.S. Congress, has been published annually since 2005. This year, classified information not intended for public disclosure was discovered during the review process for the first time. The F-35 program has faced repeated criticism over budget overruns, delays in engine deliveries, postponed software updates, and premature wear and tear on components.
Coinbase disclosed AI has assisted in writing over 95% of code, doubling the proportion from February; the EU warns the end of the MiCA transition period may exacerbate compliance pressure.