News linked to this event type.
Bitwise CIO Matt Hougan posted that if the Clarity Act fails to pass this week, the ideal scenario is for Polymarket odds to drop significantly to the teens to eliminate market uncertainty. He pointed out that the market may experience brief volatility at that time, but it will create conditions for an autumn market rebound.
Odaily News: Russia's Federal Security Service (FSB) conducted surprise raids on 9 unregistered cryptocurrency exchange service providers in Moscow, alleging they were involved in transferring funds obtained through fraud abroad via crypto assets. More than 20 employees were detained at the Moscow International Business Center.The FSB stated that these exchanges converted stolen funds from Russian phone scam victims into cryptocurrency and transferred them to accounts of what it claims are Ukrainian processors. The operation was carried out jointly by the FSB and the Russian Ministry of Internal Affairs.Russia's Ministry of Internal Affairs has launched a criminal investigation into large-scale fraud, which under Russian law carries a maximum sentence of 10 years in prison. The FSB said it is continuing to identify victims and assess potential compensation. (Cointelegraph)
The Hyperliquid Policy Center announced that HPC attended the CFTC Agriculture Advisory Committee meeting on August 7 and submitted a formal statement. The statement centered on three points: First, agricultural end-users need diversified market choices, and historical bans on agricultural options have proven the cost of excessive restrictions; Second, the CFTC's phased approach to perpetual contracts is the correct path, and end-user demand should drive the adoption of new derivatives; Third, public blockchains help modernize clearing and settlement infrastructure, while improving collateral liquidity and retaining the market integrity protection mechanisms of the Commodity Exchange Act. HPC stated it will continue to collaborate with the agricultural community to promote the regulated implementation of perpetual contracts in the U.S. market.
The U.S. Digital Asset Market Clarity Act (CLARITY Act) failed to seize a critical advancement window before the Senate's summer recess, and the market is now focusing on whether the U.S. crypto industry can continue to develop even if the bill ultimately fails.Analysts believe that if the CLARITY Act fails to pass, it would be a significant setback for the crypto industry, but not a fatal blow. The bill was designed to clarify the boundaries between securities, commodities, and other categories of digital assets, determine the agencies responsible for overseeing related businesses, and grant the U.S. Commodity Futures Trading Commission (CFTC) clearer regulatory authority over crypto commodity trading.Currently, the bill's progress has stalled, and the likelihood of comprehensive crypto market structure legislation being enacted before the end of the year is declining. This means the U.S. may still lack a clear digital asset regulatory framework, particularly regarding oversight of trading in major crypto assets such as Bitcoin (BTC) and Ethereum (ETH), where jurisdictional gaps remain between the CFTC and the U.S. Securities and Exchange Commission (SEC).However, industry insiders point out that even if the CLARITY Act fails, the SEC and CFTC are still likely to continue advancing industry development through policy statements, regulatory guidance, and existing enforcement authority.In recent years, both agencies have issued multiple pieces of guidance clarifying the regulatory boundaries of business models such as crypto mining, Meme coins, and staking rewards. One of the most significant measures among these is the digital asset taxonomy framework, which seeks to establish standardized regulatory classifications for different types of digital assets. (CoinDesk)
Odaily News - Hyperliquid Policy Center (HPC) announced that it has submitted a policy statement regarding the Commodity Futures Trading Commission (CFTC) Agricultural Advisory Committee meeting, supporting U.S. users' participation in the on-chain derivatives market and calling on regulators to adopt a gradual path to promote the development of innovative products such as Perpetual Futures.HPC stated that the U.S. derivatives market originated in agriculture. In the 19th century, grain exchanges in the U.S. Midwest used futures contracts to help farmers and traders discover prices and manage future delivery risks. Since 1922, the U.S. futures market had been regulated under the Department of Agriculture for a long period, until Congress established the CFTC in 1974, placing oversight of the agency under the jurisdiction of the Senate and House Agriculture Committees. Modern derivatives regulation should still revolve around the actual users of the market. Agricultural producers and processors have always been important constituents served by the CFTC, and market participants' needs for product choice, risk management tools, and market innovation should also serve as important references for the evolution of regulatory policy.HPC noted that perpetual futures are now becoming an important innovative derivative in the digital asset era. The committee's discussions on product choice, risk management gaps, and market modernization are highly relevant to current regulatory efforts to explore a regulatory framework for on-chain derivatives. In the submitted statement, HPC put forward three key points:1. Market choice is crucial for risk management. Users in agricultural and other derivatives markets need more tool options. Past experience with restricting innovative products suggests that closing off market choices without adequate evaluation can impose costs.2. A phased approach by the CFTC to regulating perpetual futures is a reasonable direction. HPC stated that the development of new derivatives should be driven by end-user demand rather than relying solely on regulatory presuppositions.3. Public blockchains can enhance the efficiency of financial infrastructure. HPC believes that blockchain technology can modernize clearing and settlement systems, improve collateral liquidity, while continuing to comply with the Commodity Exchange Act's requirements regarding market integrity and risk protection.
Odaily News: One week after the implementation of regulatory measures on single-stock leveraged and inverse ETFs in South Korea, trading activity in related products has noticeably cooled, with trading volume falling below 1 trillion KRW for two consecutive trading days.According to data from the Korea Exchange (KRX), on August 7, the combined trading volume of 16 single-stock leveraged and inverse ETFs in the Korean market stood at 941.2 billion KRW, marking the second consecutive trading day below 1 trillion KRW after the previous day's 919.8 billion KRW.Market observers believe the decline in trading volume is mainly attributed to the new regulatory measures implemented on July 31. The new rules raise the capital threshold for ordinary retail investors to participate in single-stock leveraged ETFs, increasing the base margin requirement from 10 million KRW to 30 million KRW in cash.Data shows that on the day before the regulation took effect (July 30), the trading volume of the 16 related ETFs reached as high as 12.45 trillion KRW. On the first day of regulation (July 31), it plummeted to 3.15 trillion KRW, and has continued to decline since, dropping to 1.39 trillion KRW and 1.26 trillion KRW on August 3 and 4 respectively, before falling below 1 trillion KRW in recent days.Meanwhile, the share of single-stock leveraged and inverse ETFs in the overall Korean ETF market turnover has also dropped significantly, falling to 5.6% on August 7, compared with 30% to 40% before the regulation.However, Korean securities institutions point out that investment demand has not completely disappeared. Instead, there is evidence of "regulatory arbitrage" or a "balloon effect," with funds shifting toward semiconductor leveraged ETFs and overseas-listed leveraged products.Jung Hyun-jong, a researcher at Korea Investment & Securities, stated that while single-stock leveraged ETF trading volumes have declined following the regulation, semiconductor leveraged ETF trading volume has actually increased, indicating that some capital is rotating into alternative products. Overseas market products may also become targets for capital flows. Jung noted that since overseas-listed ETFs are not subject to domestic Korean regulatory restrictions, investors may turn to overseas single-stock leveraged ETFs. Among them, the Hong Kong-listed CSOP SK Hynix Daily (2x) Leveraged Product is currently one of the largest single-stock leveraged ETF products globally by market capitalization. Domestic Korean regulatory measures alone are unlikely to fully curb investor demand for semiconductor cycles and high-leverage strategies, and the long-term effectiveness of the regulation will require continued observation. (Daum)
Odaily News: The Japan Financial Services Agency (FSA) has announced personnel appointments. As part of its organizational restructuring, the agency has established a new "Crypto Assets and Stablecoins Division" dedicated to overseeing crypto assets and stablecoins, with Toshiaki Adomi appointed as its first Director. Adomi graduated from the Faculty of Law at Osaka University in 2002 before joining the FSA. He subsequently earned an MBA from the University of Birmingham in the UK and an LLM from the London School of Economics and Political Science, holding positions in banking supervision and policy coordination. From July 2025, he served as a Counselor at the General Policy Bureau, and until August 1, 2026, held the role of Senior Counselor for Postal Savings and Insurance Supervision.
Odaily News: Coinkite, the manufacturer of the hardware wallet Coldcard, stated that it is currently focusing on assisting customers affected by the security incident and will release a post-mortem of the multi-day attack after the full investigation is completed. At this stage, it will not speculate on the scale of customer losses. Coinkite noted that due to the privacy-focused design of its products, the company cannot independently verify external estimates of the stolen amounts; recent external research has raised the relevant loss estimates to approximately $130 million.
Odaily News: Coldcard stated that due to legal record-keeping obligations related to the security incident disclosed on July 30, the company has temporarily suspended the automatic deletion of customer data. Under its original policy, customer records were typically automatically deleted after 120 days, retaining only information such as email addresses and countries of residence. Currently, such records will be retained until further notice. Coldcard noted that customers may contact official support to request continued processing under the original data retention policy, and the company will resume the automatic deletion mechanism once permitted by law.
According to Bloomberg, sources familiar with the matter revealed that the US government department responsible for investigating chip export control violations is currently systematically reviewing the ways Chinese AI companies obtain advanced Nvidia chips through legal channels, with a particular focus on their practice of renting computing power in third countries. This move stems from recent consecutive technical breakthroughs by Chinese AI companies, indicating that they still possess the capability to acquire and use top-tier hardware under US chip export restrictions on China. Analysts believe that this review may drive the US to further tighten regulatory rules on computing power leasing in third countries to plug loopholes in the current export control system.
According to Cointelegraph, Bridge Building, the Luxembourg entity of Stripe's stablecoin infrastructure company Bridge, has officially joined the EU Markets in Crypto-Assets (MiCA) registry. Previously, on July 2, Bridge obtained Crypto-Asset Service Provider (CASP) authorization under the MiCA framework and an Electronic Money Institution (EMI) license issued by the Luxembourg Financial Sector Supervisory Commission (CSSF). Bridge Head of Product Mai Leduc Blount stated that the aforementioned approvals will allow EU enterprises to build stablecoin and payment products within a compliant framework. According to the latest update from the European Securities and Markets Authority (ESMA), Bridge's inclusion brings the total number of authorized Electronic Money Token (EMT) issuers in the EU to 42; during the same period, three institutions from Germany newly received CASP authorization, raising the total number of authorized CASPs in the EU to 324.
According to Bloomberg, driven by policy dividends from Beijing's push for local enterprises to adopt domestic chips and reduce reliance on US technology, multiple Chinese AI chip design companies are expected to record impressive performance this fiscal quarter. Cambricon expects significant revenue growth in the first half of the year; Shanghai-based emerging chip enterprise Iluvatar CoreX projects sales to grow approximately threefold during the same period; Beijing-based Moore Threads also disclosed last month that it expects revenue growth of up to 149% in the first half of 2026. Analysts believe that as the process of China's technological self-reliance accelerates, domestic AI chip manufacturers are expected to continue benefiting from the expansion of policy-driven demand.
Odaily News: Bridge, Stripe's stablecoin infrastructure company, has joined the EU's Markets in Crypto-Assets Regulation (MiCA) register through its Luxembourg entity Bridge Building, after receiving regulatory approval from Luxembourg. The European Securities and Markets Authority (ESMA) update on Wednesday shows that with Bridge's inclusion, the number of MiCA-authorized electronic money token (EMT) issuers in the EU register has increased to 42. Bridge announced on July 2 that it had obtained the MiCA Crypto Asset Service Provider (CASP) authorization and Electronic Money Institution (EMI) license from the Luxembourg Financial Industry Supervisory Commission. Bridge product lead Mai Leduc Blount stated that the approvals allow EU companies to build stablecoin and payment products within a regulated framework. The same ESMA update also added three new German CASP entries, including Volksbank Die Gestalterbank, VBU Volksbank im Unterland, and VR-Bank Erding, bringing the total number of authorized CASPs in the EU register to 324. Asset-referenced token (ART) authorizations remained unchanged, with no ART issuers currently listed.
Odaily News A U.S. District Court Judge for the Eastern District of Michigan, Shalina Kumar, on Thursday denied Coinbase's preliminary injunction request to block the state government from enforcing regulations on sports event contracts. The ruling stated that Coinbase failed to demonstrate that its claim of federal law preempting Michigan's jurisdiction was likely to succeed on the merits of the case. Coinbase sued Michigan in December 2025, arguing that prediction markets fall under the exclusive jurisdiction of the U.S. Commodity Futures Trading Commission (CFTC) under the federal Commodity Exchange Act (CEA), rather than state-level regulators. Coinbase sought to provide its platform customers, including those in Michigan, with access to event contracts issued by Kalshi, and stated in its complaint that Michigan law constitutes "conflict preemption" because it obstructs Congress's establishment of a unified federal regulatory framework.
According to EU-Startups, Cyprus-based enterprise AI customer service company Omilia announced the completion of a €58.1 million (approximately $67 million) Series B financing round led by Expedition Growth Capital. The funds will be used to accelerate business expansion in North America and globally, with plans to open its first U.S. office in the second half of 2026. Founded in 2002, Omilia focuses on providing self-learning agent CX solutions for enterprise call centers using its proprietary voice AI technology, and the platform supports compliance standards such as FedRAMP, PCI-DSS, SOC 2, HIPAA, and GDPR.
据 CoinPost 报道，日本金融厅于 8月 7 日公布"主要行等综合监督指针"部分修订案，将包括加密资产交换业者在内的 17 个监管领域的网络安全事件报告样式统一为共通格式。新增"其他网络攻击等事案共通样式"，与现行的 DDoS 攻击及勒索软件专用样式共同构成三类报告区分体系。经过渡措施，2027年 3 月底前非特定社会基础设施事业者仍可沿用旧版报告书，意见征集截止日期为 2026年 9月 7 日。
Odaily News: Strategy founder Michael Saylor stated that Bitcoin does not need the CLARITY Act—America does. Earlier today, it was reported that the U.S. Senate has postponed the vote on the CLARITY Act to September.
Odaily News: Bitcoin Red Team, a volunteer security audit team composed of Bitcoin developers and security researchers, has released its latest audit findings. In approximately 30 hours, the team reviewed 391 Bitcoin-related codebases and identified a total of 4,962 security issues, of which 720 were rated as high-risk or critical vulnerabilities. Only one codebase was found to have no issues at all. Currently, only 147 vulnerabilities have been submitted to project maintainers for resolution.Bitcoin Red Team is a volunteer security audit team made up of Bitcoin developers and security researchers, initiated following the Coldcard hardware wallet vulnerability incident. Key contributors include Calle, a developer of the Cashu protocol, among others. (Beincrypto)
Odaily News, Economist James E. Thorne posted on X platform stating that U.S. Senate Majority Leader John Thune's decision to postpone the vote on the CLARITY Act to September means the anti-innovation progressive camp has once again gained the upper hand.Thorne believes the delay signals that preserving the existing interest landscape still takes precedence over ensuring U.S. leadership in the next-generation monetary and financial architecture. As the bill continues to be delayed, enforcement will fill the void that should be covered by legislation, and the ultimate result could be that the United States fails to secure a leadership position in the crypto industry. Innovation will flow overseas, while other regions around the world continue to advance under clearer regulatory frameworks, leaving America's own innovation ecosystem trapped in a gray area, with future financial standards potentially being set elsewhere.
Odaily News: Airport retailer Dubai Duty Free launched Crypto.com Pay on August 5, 2026, available to eligible UAE residents, covering Dubai International Airport, Al Maktoum International Airport, and its online store. Customers can select Crypto.com Pay in-store, scan a QR code displaying the amount in UAE dirhams, and authorize the transaction through the Crypto.com App; online customers can choose this method at checkout and confirm payment. Dubai Duty Free settles transactions in UAE dirhams through regulated payment infrastructure. The payment service operates under the regulatory framework of the Central Bank of the UAE's (CBUAE) stored value facility. Crypto.com previously obtained a CBUAE stored value facility license, enabling it to provide regulated payment services in the UAE.