News linked to this event type.
Odaily News: White House cryptocurrency advisor Patrick Witt stated on the X platform that Congress has spent years pushing for crypto market structure legislation, and the Senate has been continuously negotiating the CLARITY Act since last summer. However, over the past week, Chuck Schumer and the so-called "pro-crypto Democrats" have blocked a procedural vote on the bill before recess, demanding further delays.Patrick Witt warned that if the bill fails to make progress by September 15, the likelihood of its future passage will decrease significantly.
Odaily News – French Foreign Minister Jean-Noël Barrot submitted Bill No. 921 to the Senate on July 17, proposing to incorporate the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD) into French law, and to automatically exchange crypto data with 48 countries that have signed related agreements. The exchanged information includes specific transactions, user names, addresses, tax identification numbers, place of residence, and cumulative transaction value during the reporting period. EU member states are already preparing for relevant data exchanges under the DAC-8 directive, which will take effect on September 30, 2027. Once the bill is approved, the French government will accelerate crypto data collection. A Chainalysis report shows that as of 2026, France has recorded 30 publicly known violent robberies of crypto assets; the report also states that a tax official in the Paris region is suspected of selling data on high-net-worth crypto holders.
: Bitcoin News posted on the X platform stating that Foundation has released KeyOS 1.3.1 for Passport Prime, adding a mnemonic generation feature. Users can input the first 11 or 23 words of a BIP39 mnemonic, and the device will generate a valid final word that meets checksum requirements. Users can manually generate mnemonics by rolling dice, flipping coins, or other methods, and complete mnemonic generation directly on the Passport Prime without the need for external tools. Foundation stated that AI security reviews conducted using Claude Fable Max and ChatGPT 5.6 Sol Extra High found no serious security issues.
Odaily News: U.S. banking giant Wells Fargo plans to launch tokenized deposits for select corporate and commercial clients in fall 2026, initially supporting USD and GBP transactions, with plans to expand to more clients and currencies in 2027. Tokenized deposits remain bank liabilities but can enable continuous transfers, programmable payments, faster settlement, and transaction visibility via blockchain. Wells Fargo is not the only bank pursuing this initiative. JPMorgan has already expanded its blockchain-based payment services for institutional clients, and other major financial institutions are developing similar products and shared networks. Meanwhile, the circulation and transaction volume of stablecoins such as USDC continue to grow, and they are already used for settlement across crypto markets, payment networks, and tokenized finance platforms. Tokenized deposits allow funds to remain within the regulated banking system while supporting time-based transfers and condition-triggered payments. Stablecoins, on the other hand, already cover trading, remittance, cross-border payments, decentralized finance, and tokenized asset settlement. Enterprise adoption of both product types will also be influenced by accounting treatment, regulatory rules, and cross-network interoperability.
Odaily News: U.S. Senate Majority Leader John Thune has filed a motion to invoke cloture on the motion to proceed to consideration of the Digital Asset Market Clarity Act (CLARITY Act), with the Senate scheduled to hold the related procedural vote on September 15. The vote is expected to take place when the Senate reconvenes at 2:15 PM ET that day. The motion requires 60 votes to pass, meaning Republican lawmakers will need Democratic support to clear the procedural threshold. The two parties are still negotiating over provisions such as ethics rules and stablecoin reward regulations, with those differences having previously prevented an agreement before the August recess. This vote only concerns whether to begin floor consideration of the bill and does not represent a final vote or passage by the Senate. The CLARITY Act aims to establish a federal market structure for digital assets, clarify the conditions under which certain crypto assets are subject to securities or commodities law, and define the regulatory responsibilities of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.
: BitMart founder Sheldon responded on the X platform to rumors about the platform being "out of contact," asset disposal, and internal information leaks, stating that BitMart has not disappeared and that the team is still advancing asset inventory, consolidation, and system maintenance work.Sheldon stated that there has recently been a large amount of unverified rumors in the market, including information and screenshots allegedly disclosed by former or current employees, and users should not easily trust unverified content. At present, the BitMart core team is conducting asset inventory and consolidation, as well as maintaining related systems, with the goal of ensuring the platform can complete subsequent arrangements in an orderly manner. Specific progress will be disclosed to users through official announcements and updates.Regarding fund security issues, Sheldon emphasized that BitMart has not misappropriated assets, nor has it taken measures to withdraw funds in advance or evade responsibility. The team is considering introducing judicial agencies and independent third-party audit institutions to review the relevant situation and publish a transparent report.
: Bitcoin News posted on the X platform stating that Senate Majority Leader John Thune has filed a cloture motion on the motion to proceed with consideration of the CLARITY Act. This procedural step is used to end prolonged debate and push the Senate toward a vote in September on whether to formally begin considering the bill. This does not mean the CLARITY Act has passed. A cloture motion typically requires 60 votes to succeed; if the motion passes, the Senate can move forward with debate and consideration of the bill.
Odaily News The U.S. Commodity Futures Trading Commission (CFTC) issued a notice reminding regulated entities involved in listing, promoting, or accepting trading of event contracts to ensure that consumers are provided with clear and accurate product pricing information, avoiding misleading market participants, including the obligation to display clear and accurate derivatives pricing information.The CFTC's Division of Market Oversight and Division of Market Participants stated that registered entities and related personnel must comply with regulatory requirements, ensure that users fully understand product attributes in CFTC-regulated markets, and strengthen oversight of information disclosure by intermediaries, affiliates, and partners. It also specifically noted that using the common "American odds" format to display event contract prices may mislead traders' understanding of the product's nature and prevent users from fully accessing key trading information such as market depth and price impact.The CFTC requires that market participants clearly present to consumers that products are event contracts on CFTC-regulated exchanges, and that any misleading pricing display practices related to regulated products may violate provisions of U.S. federal law concerning the prohibition of manipulative trading practices.
美国参议院多数党领袖 John Thune 已提交 CLARITY 法案程序性动议，正式启动首次程序性投票流程。法案预计在 9 月休会结束后继续推进，但能否获得通过仍面临两党分歧。
Odaily News: The Senate Majority Leader submitted a motion early Saturday morning to begin consideration of the Digital Asset Market Clarity Act, following a late-night voting session in the Senate. Due to the late timing of the motion, the Senate will not be able to vote on the crypto market structure bill before the August recess. The motion paves the way for an almost immediate preliminary vote on the bill when the Senate reconvenes next month. Lawmakers still need to reach agreements on government ethics, enforcement provisions, and issues such as stablecoin yield and rewards before the bill can move forward smoothly.
美国参议院通过一项临时拨款措施，为联邦机构提供资金至 12 月 11 日，以避免 10 月 1 日新财年开始时出现政府停摆风险。
: Dan Katz, First Deputy Managing Director of the International Monetary Fund (IMF), stated that when local-currency stablecoins and dollar-pegged stablecoins operate on the same blockchain infrastructure, users can exchange them via decentralized exchanges, liquidity pools, or peer-to-peer swaps. Local-currency stablecoins may accelerate the adoption of dollar-pegged stablecoins. Dan Katz pointed out that users may prefer dollar-pegged stablecoins due to their liquidity, network effects, and acceptance across platforms and borders. In South Africa, the adoption of dollar-pegged stablecoins is limited, while demand for stablecoins pegged to the rand is even lower. He urged countries to incorporate fiat on-/off-ramp channels and on-chain transaction points into their regulatory frameworks.
Odaily News, Bybit announced today that it has officially filed a civil lawsuit in the U.S. District Court for the District of Columbia against North Korea (DPRK), its Reconnaissance General Bureau (RGB), and the Lazarus Group, holding the organization legally accountable for the大规模 cyberattack launched against Bybit in February 2025.It is reported that Bybit has successfully obtained a preliminary injunction from the court, freezing identified stolen digital assets held or transferred by unidentified individuals and entities (i.e., "John Doe" defendants). In approving the preliminary temporary restraining order, the court described the incident as "one of the largest cryptocurrency thefts in history" and determined that Bybit has a "likelihood of success on the merits" of the case. This civil lawsuit is independent of criminal investigations by U.S. law enforcement and aims to provide an additional legal avenue for asset recovery.In terms of asset recovery and global collaboration, Bybit has achieved notable results in partnership with blockchain analytics firms, multiple exchanges, custodial institutions, and international law enforcement agencies. To date:Approximately $48.4 million in stolen assets have been successfully recovered;Approximately $30.5 million in involved assets have been successfully frozen (distributed across more than 28 exchanges and custodial institutions).These efforts have also supported broader law enforcement actions targeting key infrastructure allegedly used to launder stolen funds: German authorities have dismantled cryptocurrency exchange eXch; German and Swiss authorities subsequently jointly shut down mixing platform Cryptomixer.io, cutting off critical channels for transferring illicit proceeds. These actions collectively demonstrate the effectiveness of collaboration between the private sector and law enforcement agencies in combating transnational cybercrime.Ben Zhou, co-founder and CEO of Bybit, stated: "Our core goal has never changed: prioritizing user protection, making every effort to recover assets, and ensuring those behind this are held accountable under the law. The Lazarus attack was not only directed at Bybit, but also a challenge to the trust foundation of the entire crypto industry. We will continue to deepen cooperation with law enforcement agencies, regulatory authorities, and courts to make the crypto world a place where criminals find it difficult to hide."Bybit emphasized that it will continue to invest in advanced blockchain tracking technology, utilize all available legal means to combat state-sponsored hacker groups, and drive the establishment of a more resilient digital asset ecosystem. The civil lawsuit is currently ongoing.
The U.S. Senate has delayed the vote on the CLARITY Act until after the summer recess, increasing uncertainty regarding the bill's passage in the short term. Both parties currently remain divided over provisions such as restrictions on crypto asset interests and regulatory authority.
Odaily News: Justin Mateen, a director at Trump family-backed bitcoin mining company American Bitcoin (ABTC) and co-founder of Tinder, purchased company shares on two consecutive days following the release of its quarterly earnings report, with a total investment of approximately $1.93 million. Regulatory filings show that Mateen bought approximately 145,000 shares of ABTC Class A common stock on August 5, with a transaction value of about $925,000 and an average purchase price of approximately $6.40 per share. On August 6, he purchased another approximately 162,000 shares for about $1 million, at an average price of approximately $6.19 per share. Together, the two transactions totaled 306,981 shares, increasing his ABTC holdings to 492,297 shares. American Bitcoin, supported by members of U.S. President Trump's family, including Eric Trump and Donald Trump Jr., is a Nasdaq-listed bitcoin mining and BTC reserve company. The company adopts a strategy of "large-scale mining plus corporate treasury bitcoin holdings" to provide investors with bitcoin exposure. Financial reports show that American Bitcoin recorded a net loss of approximately $57 million in the second quarter, while its mining scale and bitcoin reserves continued to grow over the same period. The company produced approximately 932 BTC in the quarter, reaching an all-time high, with treasury bitcoin holdings increasing to over 8,000 BTC.
Odaily News, August 7 — The Senate announced that the vote on the Clarity Act has been postponed to September. Senator Lummis, a supporter of the Clarity Act, posted on X, saying, "I have put so much long and hard work into this bill, so you can imagine how frustrated I am right now. Someday I will have more to say, but for now, allow me to say this: we have come this far, and now is absolutely not the time to give up.""I will not give up, because I deeply believe in my heart that this industry deserves to thrive under clear rules on American soil; consumers deserve to be protected from fraud and have the confidence to participate in our digital economy; and law enforcement should also have the necessary tools to hold bad actors accountable.""The Clarity Act is the only way for us to achieve these goals. The status quo is flawed in every way, and I will not rest until we fix this broken system. I will continue to work hand in hand with my colleagues to reach this goal—this fight is far from over."
Odaily News: SK Hynix's stock price has recently seen a pullback. On August 3, the stock fell 8.79%. Although it rebounded slightly by 0.64% and 5.77% on August 4 and 5 respectively, it plunged another 10.37% on August 6, closing at 1.495 million KRW; on August 7, it dropped a further 4.88%, closing at 1.422 million KRW.Against the backdrop of heightened market volatility, SK Group released an advertisement quoting founder Choi Jong-gun’s famous saying: "Despair and hope are two sides of the same coin; you can turn despair into hope as easily as flipping your palm," and adapted it to: "Unease and anticipation in the AI era are also two sides of the same coin; you can turn unease into anticipation," thereby conveying confidence in the long-term development of the AI industry.Securities institutions believe that short-term stock price fluctuations have not changed SK Hynix's fundamentals, and the market should focus on its HBM4 technology leadership and the earnings stability brought by long-term supply agreements (LTAs). Specifically:1. Hyundai Motor Securities expects SK Hynix's DRAM and NAND bit growth to reach 9.7% and 1.5% respectively in the third quarter. As HBM4 sales contributions expand, even with a higher proportion of LTAs, DRAM average selling prices (ASP) are still expected to rise 19.9% quarter-over-quarter. Companies such as OpenAI and Anthropic are advancing plans to build their own hyperscale AI data centers and intend to raise funds for related construction through IPOs. Even if some large tech companies adjust capital expenditures (Capex) in the future, this could be offset by demand from other AI infrastructure. Additionally, regarding competitive concerns over China's CXMT, given the U.S. continued tightening of semiconductor equipment export restrictions, as well as Micron's expansion of domestic U.S. investment, the likelihood of major companies like Apple adopting Chinese memory chips is relatively low.2. SK Securities is also bullish on SK Hynix's competitive advantages, believing that with its leading position in HBM, partnerships with major North American GPU companies, and AI-driven LTA demand, SK Hynix's market position remains solid. Currently, the HBM supply-demand fulfillment rate is below 70%, and the core value of LTAs lies in ensuring profit sustainability and earnings stability through a "mutual binding structure" between customers and suppliers. With value-reassessment initiatives such as an ADR listing progressing, along with dividend income from the sale of SPC assets related to Kioxia, the company's goal of achieving net cash of 100 trillion KRW may be reached earlier than expected. As shareholder return policies gradually become clearer, this will help the market re-evaluate the value of the LTA model and drive a further re-rating of SK Hynix. (Daum)
Odaily News: The U.S. crypto market structure bill, the CLARITY Act, failed to enter the voting process before the Senate's summer recess. Thune attributed the delay to obstruction by Democrats and stated that after the Senate reconvenes on September 14, the bill will be advanced as the "top priority." (Coinbureau)
The CFTC has required regulated event contract exchanges to comply with derivatives laws and not use American betting odds for product marketing. Prices for relevant derivatives should be presented as notional amounts or percentages to avoid misleading market participants.
Reform UK Chairman Lee Anderson called for an investigation into the $50,000 political donation accepted by Defence Secretary Wes Streeting, which was allegedly linked to FTX founder Sam Bankman-Fried through a think tank.