News linked to this event type.
Odaily News: Luxembourg has passed a new law authorizing the Financial Intelligence Unit (FIU) to send cross-institutional fraud alerts to traditional banks and cryptocurrency exchanges, with the relevant measures taking effect on August 8. The bill, numbered 8722, requires cryptocurrency exchanges operating in Luxembourg to receive alerts in sync with banks and payment institutions. The bill aims to close the loophole that allows fraudulent funds to move rapidly between traditional financial institutions and digital assets. Under previous rules, banks could only block transactions of flagged accounts within their own systems and were unable to notify another financial institution or cryptocurrency exchange to prevent funds from entering or leaving. Max Braun, head of Luxembourg's FIU, stated that incorporating cryptocurrency exchanges into the cross-departmental alert system will make it more difficult to cash out from flagged accounts. According to data from Luxembourg's Ministry of Justice, police recorded 6,382 fraud cases in the country in 2024, and financial practitioners submitted more than 18,000 reports of fraud and scams.
According to South Korean media Daum, after South Korean financial regulators raised the investment threshold for single-stock leveraged products, South Korean retail investors began adjusting their overseas investment portfolios, reducing holdings of high-leverage products and shifting to directly buying underlying US stocks. Data shows that since the minimum cash margin for single-stock leveraged products was raised to 30 million Korean won on August 1, significant capital outflows have occurred in Tesla's 2x leveraged product TSLL. South Korean investors still net bought approximately $14.58 million worth of TSLL on August 3, but on August 4, the buying amount plummeted to $1.56 million, while the selling amount rose to $8.68 million, turning to a net sell of $7.11 million for the day.
Odaily News With the end of the "Quiet Period" following SK Hynix's U.S. ADR listing, the market has begun to focus on whether the company will introduce shareholder return policies, including a stock split. Among these, the possibility of a "split" against the backdrop of high stock prices has become a key topic of discussion. Recent sentiment circulating in the Korean market suggests that SK Hynix may follow the precedent set by Samsung Electronics, promoting a stock split after continued share price gains to lower the per-share price and expand participation from individual investors. However, such claims have not yet been officially confirmed by the company.Park Seok-hyun, Deputy Head of the WM Products Division at Woori Bank, stated on YTN Radio on the 5th that there is "currently no clear basis" for an SK Hynix stock split, but it "cannot be considered entirely impossible." While SK Hynix's current par value is relatively low and whether there is room for another split is debated, a stock split is not completely out of the question as the share price continues to rise.He noted that following the listing of SK Hynix's ADR on the U.S. market in July, newly listed companies typically undergo a "quiet period" of about 25 days, during which major policy changes are rarely announced. That period ended on August 4th."The end of the quiet period means SK Hynix has entered a phase where it may announce important financial policies. The recent uptick in market discussions about stock splits and dividend increases may be linked to this timing," Park said.Market observers believe SK Hynix's current stock price is already at a high level on the Korean exchange. As of the close on the 5th, the company's stock was trading at 1.668 million KRW per share, a relatively high unit price. If a stock split were implemented in the future, it could lower the investment threshold and boost trading activity among retail and overseas investors.Additionally, Park noted that SK Hynix's profitability has improved significantly in recent years, and the company may also strengthen shareholder return policies in the future, including raising dividend levels. If such policies materialize, they could further increase interest from U.S. market investors in its ADR.However, SK Hynix has not yet made any official announcements regarding a stock split or adjustments to its dividend policy, and market speculation still awaits confirmation from the company's board and official sources. (Daum)
The U.S. Court of Appeals for the Ninth Circuit overturned the prior injunction, allowing Perplexity's AI shopping agent to return to the Amazon platform. The court ruled that users bear legal liability for accessing Amazon through the Perplexity agent, rather than Perplexity itself, thus making it difficult to sustain claims of violating the Computer Fraud and Abuse Act.
Odaily News S&P Global Ratings on Monday awarded BlackRock's new tokenized money market fund, the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), an "AAAm" rating, its highest principal stability fund rating. The rating is based on investment and counterparty credit quality, maturity structure, and management's ability to maintain a stable net asset value. S&P Global Ratings stated that it found no weaknesses in BlackRock Advisors' management and organization, credit research and analysis, risk management, or compliance. It also noted that the fund's tokenization framework demonstrates operational resilience, employing a permissioned architecture that restricts transactions to whitelisted wallets to mitigate network, smart contract, and blockchain network risks. BRSRV launched Monday as an open-end management investment company, aiming to make its shares eligible as qualifying reserve assets for payment stablecoin issuers under the GENIUS Act. The fund will hold cash, U.S. Treasuries with maturities of 93 days or less, and overnight repurchase agreements collateralized by Treasury instruments, maintaining a weighted average maturity of no more than 60 days and a weighted average life of no more than 120 days. In a separate stablecoin stability assessment summary published Tuesday, S&P Global Ratings stated that six of the 11 stablecoins it covers possess "sufficient" or stronger capacity to maintain their fiat peg. USDT remains at Level 5 "weak," with TUSD and USDe also at Level 5; USDC, EURC, USDG, and USDP are rated Level 2 "strong."
According to the official website of the UK Financial Conduct Authority (FCA), the FCA announced the simplification of information disclosure and research publication rules for UK stock initial public offerings to enhance the competitiveness of the UK listing market. The new rules eliminate the 7-day waiting period for connected research reports in initial public offerings and simplify information sharing requirements between issuers and intermediaries, aiming to reduce issuance execution risks and compliance costs and facilitate corporate access to the public capital market. The relevant rules took effect immediately on August 5, 2026.
According to Cointelegraph, the European Securities and Markets Authority (ESMA) updated the Markets in Crypto-Assets (MiCA) registration list on July 31, adding 12 new Crypto-Asset Service Providers (CASP), bringing the total number of authorized institutions to 321. The newly added institutions include 3 cooperative banks in Germany, as well as multiple companies in Spain and France.
Odaily News: The European Securities and Markets Authority (ESMA) updated its Markets in Crypto-Assets Regulation (MiCA) registration list on July 31, adding 12 new companies. This marks the fourth update since the July 1 transition deadline, bringing the total number of authorized Crypto Asset Service Providers (CASPs) under MiCA to 321. The newly added entities include three German cooperative banks—Volksbank Raiffeisenbank Oberbayern Südost, VR Bank Schleswig-Holstein Mitte, and VR-Bank Landau-Mengkofen—as well as Spain's Basque Pay and Fintech Payments, and France's Finary, Woorton, Blockchain Process Security, and Shares Financial Assets. ESMA has also added Cervo Rendisco, Flandenzo, and Corona Fondenza to its list of non-compliant entities, with the relevant flags coming from Italy's securities regulator, the Commissione Nazionale per le Società e la Borsa (CONSOB). The non-compliant entities list currently contains 167 entries. This update did not involve any other changes to MiCA-related registration lists. The number of authorized Electronic Money Token (EMT) issuers remains at 41, while the registration list for Asset-Referenced Token (ART) issuers currently has no entities.
Odaily News: Switzerland provides an anti-money laundering regulatory pathway for crypto firms through the Self-Regulatory Organization (SRO) model. Smaller crypto exchanges, brokers, and custody wallet providers join SROs under the licensing framework of the Swiss Financial Market Supervisory Authority (FINMA), with SROs reviewing their anti-money laundering control measures. When engaging in financial intermediary activities in Switzerland—such as token exchange, client wallet custody, or payment token issuance—crypto firms must either obtain a full FINMA license or join an SRO. VQF, PolyReg, ARIF, and SO-FIT oversee the majority of crypto activities. After firms submit their business plans, organizational structures, and anti-money laundering procedures, reviews are typically completed within 2 to 4 months. In early 2026, PolyReg, VQF, ARIF, and SO-FIT jointly raised the minimum regulatory standards for virtual asset service providers, covering transaction monitoring, blockchain analysis, and technical controls. At the end of 2025, the Swiss Federal Council launched a consultation on new license categories under the Financial Institutions Act for crypto custody, trading infrastructure, and payment instrument issuance.
According to TechFlow Research, Reuters reported on August 4 that the Trump administration and the FCC are preparing to restrict Chinese data center components from entering the US, with optical modules specifically mentioned. Morgan Stanley pointed out in a research report on the same day that Zhongji Innolight and Eoptolink collectively account for approximately 50% of the optical module market share; if the ban is implemented, this portion of demand will shift to non-Chinese suppliers. Coherent (COHR) is the biggest beneficiary, Lumentum (LITE) indirectly benefits from the continued tight supply of EMLs, and Applied Optoelectronics (AAOI) and Fabrinet (FN) also have the capacity to absorb the demand. Morgan Stanley believes the short-term implementation of the ban faces two major bottlenecks: non-Chinese manufacturers' capacity cannot quickly fill the demand gap; Indium Phosphide (InP) substrates rely on China's AXTI, with Lumentum having just signed a new supply agreement last week and one of the purposes of Coherent's CEO visiting China several months ago being to secure InP supply. The ban will cause a supply shock in the short term but is beneficial for the restructuring of the non-Chinese supply chain in the long term.
According to NADA NEWS, the Japan Financial Services Agency announced on August 5 that it will officially establish the "Crypto Assets and Stablecoins Division" on August 7, placing it under the jurisdiction of the newly established Asset Management and Insurance Supervision Bureau. This organizational restructuring marks a substantive upgrade of Japan's crypto asset regulatory system—relevant functions previously dispersed among multiple affiliated bodies such as the "Crypto Assets, Blockchain, and Innovation Counselor Office" and the "Crypto Assets Monitoring Office" are now formally integrated into an independent division-level department. The newly established division comprises three sub-departments: the "Crypto Assets Monitoring Office" responsible for exchange supervision, the "Innovation Promotion Office," and the "Digital Payment Planning Office." The Financial Services Agency stated that this restructuring aims to address new challenges more precisely, such as the rapid development of digital technology in the financial sector and the strengthening of regulation over financial institutions.
Odaily News: Aave founder Stani Kulechov published a lengthy post stating that Ethereum's EIP-8361 progressive issuance burn proposal has systemic issues. The proposal aims to gradually burn consensus layer issuance rewards, reducing the net staking yield to zero when the total amount of staked ETH reaches 60.25 million, approximately 50% of the total supply. Stani Kulechov believes that the second-order ripple effects of this proposal have not been fully modeled and could damage the foundations of the Ethereum ecosystem across multiple dimensions. He stated that a zero-yield mechanism may exacerbate staking centralization, with home validators being the first to exit due to fixed costs such as hardware and electricity, while non-yield-driven entities like ETF issuers, exchanges, and corporate treasury funds will remain. MEV rewards, which are unaffected by the proposal, would also expand the advantages of top professional operators. He also noted that individual stakers could face tax and operational risks. If tax authorities calculate taxes based on the full issuance amount and classify the burned portion as a capital loss, home node operators could experience after-tax losses. With penalty standards for faults remaining unchanged, the node recovery period after a fault could be extended by up to 14 times as net yields decline. Stani Kulechov stated that staking yields serve as the pricing benchmark for on-chain ETH interest rates. A decline in yields could cause DeFi lending and fixed-income markets to lose their pricing anchor, potentially driving on-chain capital toward stablecoins offering 4% to 5% annual returns. For institutional investors, predictable yields are a core competitive advantage of ETH relative to BTC. If yields fall to zero while volatility increases, ETH's differentiation in the store-of-value track would diminish. He also pointed out that after the proposal is implemented, MEV's share of total validator revenue could rise from the current 7% to nearly 30%, potentially incentivizing operators to prioritize relay nodes that support censorship, thereby weakening Ethereum's credible neutrality. If an MEV burn mechanism is subsequently added, validator revenue could be nearly eliminated. Stani Kulechov suggested that the proposal's authors release after-tax yield assessments for individual node operators, tax opinions from major jurisdictions, and cascade risk models for the DeFi ecosystem, while setting a non-zero net yield floor. He believes that staking centralization should be addressed directly with targeted measures, rather than by suppressing validator yields across the board.
According to monitoring by blockchain security company SlowMist (@SlowMist_Team), its threat intelligence system MistEye detected a large-scale npm supply chain attack targeting the Keyv/Cacheable ecosystem. The attackers published over 2,000 malicious package versions in total, involving core components such as [email protected]. As a widely used key-value storage abstraction library, Keyv supports multiple backends including Redis, SQLite, PostgreSQL, and MongoDB, with weekly downloads reaching approximately 127 million, posing significant downstream supply chain exposure risks. This attack method is highly similar to the previous Shai-Hulud npm worm activity, characterized by high automation and scale. Potential risks include credential theft, environment variable leakage, CI/CD key leakage, remote payload delivery, and lateral penetration. SlowMist recommends security teams immediately investigate and remove affected package versions, upgrade to verified secure versions, review dependency lock files and build logs, monitor suspicious outbound connections, rotate exposed credentials, and rebuild relevant environments from trusted sources if intrusion is suspected.
According to The Block, Bitwise Chief Investment Officer Matt Hougan stated that even if the US Clarity Act fails to pass this week, the crypto industry will still find a way forward. The US Congress will enter summer recess from August 10 to September 11, leaving the Clarity Act with only a three-day window to advance in the Senate. Hougan pointed out that if the bill fails to pass, SEC Chairman Paul Atkins may directly introduce regulatory rules more friendly to the crypto industry, which could even become an accelerator for industry development. However, he also warned that delayed legislation will increase market uncertainty, further hindering institutional investors from entering the market.
According to Bloomberg, the United States is drafting a ban intended to restrict imports of certain Chinese data center components to protect its artificial intelligence infrastructure security. Affected by this news, stock prices in China's optical sector fell sharply, with Zhongji Innolight, one of the world's largest transceiver suppliers, falling more than 14% at one point during trading, and Eoptolink Technology, a peer of Huagong Tech's Huagong Zhengyuan, dropping by 11%. Reuters previously reported that Zhongji Innolight could become one of the main targets of this ban.
Odaily News: Fox Business crypto reporter posted on X platform, saying that procedural matters related to the ongoing continuing resolution may explain why Senate Majority Leader John Thune did not file a cloture motion tonight on the motion to advance the Clarity Act, but a lack of votes and major issues still under discussion could also be factors. Once procedural matters related to the continuing resolution are resolved, expectations are rising that Thune could file the cloture motion as early as tomorrow. If he files the motion, a potential Clarity Act vote would hit the schedule 30 hours later. The bill still has unresolved issues, including the lack of a bipartisan ethics agreement, the White House's refusal to take a position, and ongoing disagreements surrounding BRCA. However, he has heard from multiple sources that some people now want lawmakers to go on the record with an official vote, even if the bill does not pass.
According to TechFlow Research, a buy-side survey by JPMorgan on August 3 showed that for most of the nine semiconductor and hardware companies, buy-side expectations were higher than company guidance. onsemi (ON) Q2 revenue buy-side average was $1.61 billion (guidance $1.59 billion), gross margin 39.5% (guidance 39.0%), EPS $0.75 (guidance $0.71), and FY2027 EPS average $3.57 (guidance $3.11). Approximately 60% of respondents expect ON to slightly raise its 2026 AI revenue target (currently around $500 million). After a stock price drawdown of approximately 25%, ON has shifted from net short to slightly net short, with earnings implied volatility at 7.5%. For the eight companies AMAT, AMD, ANET, COHR, CSCO, LITE, SNDK, and WDC, buy-side average revenue, gross margin, and EPS were all higher than company guidance. JPMorgan believes that July AI momentum unwinding led to a significant drawdown in the semiconductor sector, but buy-side expectations for earnings are not low, creating a contrast between buy-side expectations and stock price pessimism. AMAT earnings implied volatility of 18% is significantly higher than the historical average, indicating the bar for beating expectations is rising. ON is an exception; AI expectations are extremely low, instead leaving room for earnings to beat expectations.
According to BeInCrypto, the U.S. Court of Appeals for the Second Circuit officially issued the mandate in the SBF case on August 4, marking the formal conclusion of Sam Bankman-Fried's appellate proceedings. The one-page order affirmed the original verdict without providing any new reasoning, leaving his 25-year prison sentence and approximately $11 billion forfeiture order unchanged. Previously, on June 12, the panel rejected SBF's appeals on all seven counts. In the opinion, Judge Parker noted that while SBF publicly assured customers, investors, and regulators of the safety of FTX funds, he misappropriated customer funds for real estate, political donations, and personal investments. Currently, SBF's only remaining judicial recourse is to petition for a writ of certiorari from the U.S. Supreme Court within 90 days, but the Supreme Court's acceptance rate is extremely low. Additionally, SBF has separately submitted a clemency application to the Department of Justice, but Senators Cynthia Lummis and Ruben Gallego have jointly introduced a resolution opposing the granting of clemency to him.
According to Decrypt, protests surrounding AI data centers across the United States have continued to expand this year, with at least 37 people arrested in related protests. Protesters are primarily focused on issues caused by data centers, including power consumption, water usage, environmental pollution, and government transparency. Typical incidents include: an Oklahoma resident arrested for exceeding speaking time limits at a data center hearing, an Indiana resident arrested for refusing to identify themselves at an Amazon data center public meeting, and a Kansas physics teacher handcuffed and removed for applauding at a zoning hearing. The current wave of opposition has evolved from local "NIMBY movements" into a national political movement. The advocacy group "Humans First" organized 142 protests across 42 states in the U.S. in July, and legislators are also calling for stricter regulation on rapidly expanding AI infrastructure.
According to Fortune, the White House held closed-door meetings with AI giants such as Google, OpenAI, and Anthropic on Tuesday to discuss a voluntary framework for testing cybersecurity risks of frontier AI models. However, the government only announced that the framework was completed, without disclosing specific content, reviewers, or an implementation timeline. In response, five Senate Democrats led by Kirsten Gillibrand sent a joint letter criticizing the Trump administration's "disordered, ad hoc" AI regulatory approach for threatening U.S. economic security and competitiveness, and warning that inconsistent policies would drive enterprises to turn to Chinese AI alternatives. Georgetown University researcher Sam Bresnick pointed out that the core appeal of Chinese AI lies in low cost and high tunability, not regulatory uncertainty. Enterprises such as DoorDash have already assigned sensitive tasks to U.S. models and outsourced routine analysis to Chinese open-source models. Bresnick also warned that relying on Chinese AI carries risks as well—Beijing could cut off foreign users' access to advanced models at any time, and enterprises may face a dilemma of being "trapped on both sides."