News linked to this event type.
Odaily News: The Enforcement Decree of South Korea's "Special Act on Strengthening the Semiconductor Industry Competitiveness and Support" was reviewed and approved by the State Council on August 4, and will officially take effect on August 11. The Act is being advanced under a presidential-level mechanism, detailing the composition of a special committee, procedures for designating semiconductor clusters, support for talent development, and the operation of a dedicated accounting system.According to the Enforcement Decree, applicants seeking designation as a semiconductor cluster must submit a construction plan that includes basic objectives, development direction, name, location, area, current local industry and infrastructure status, as well as talent cultivation and research infrastructure plans. Non-capital regions will receive priority consideration in cluster designation.Construction and operation costs for industrial infrastructure required by semiconductor clusters may be covered by the national and local governments for 50% to 100% of the total project cost. Among these, facilities for redundancy (dualization), supply chain stabilization, and industrial security-related infrastructure are eligible for full support.The Enforcement Decree also stipulates that priority support may be provided for employment linkage and retraining of local professionals in non-capital region semiconductor companies, and specifies the criteria and procedures for designating institutions dedicated to cultivating semiconductor industry professionals. South Korea's Minister of Trade, Industry and Energy, Kim Jung-kwan, stated that the ministry will cooperate with relevant departments to advance the key policy tasks stipulated by the law.
MiniMax officially denied rumors that "the H3 model cannot be legally used in certain regions." The company stated that H3 can be deployed in regions such as the US, EU, UK, and South Korea through a formal licensing process, where users must submit an H3 license request form for the team to process. For US users, due to local regulations and legal disputes with Disney, an additional authorization form must be completed and a waiver signed. The official statement emphasized that the licensing system itself has no regional restrictions, but specific deployments in different locations are subject to varying regulatory and legal requirements.
Odaily News: Aptos mainnet has now launched Confidential APT. This feature allows users to selectively enable privacy protection for compliance scenarios, suitable for applications such as salary payments, treasury management, and enterprise-to-enterprise settlements.
US Government Completes Development of Voluntary Evaluation Framework for Advanced AI Models The US government has completed the voluntary evaluation framework for advanced AI models on schedule, but the White House has not disclosed specific details, reviewing agencies, or enterprise adoption timelines. The framework provides AI developers with a structured process for collaborating with the government, helping to determine whether models under development fall within the regulatory scope.
According to The Nation, the Nigerian Tax Authority issued the "Virtual Asset Tax Guidelines", explicitly incorporating income from virtual asset transactions such as cryptocurrencies, stablecoins, utility tokens, security tokens, and non-fungible tokens into the existing tax system. The guidelines stipulate that gains generated from asset disposal, exchange, and transfer, as well as income derived from mining, staking, airdrops, token rewards, etc., must be taxed in accordance with the law. Virtual asset service providers are also required to fulfill obligations regarding tax registration, transaction information reporting, and suspicious transaction reporting to strengthen tax compliance and regulatory transparency in the country's digital asset sector.
据 Cointelegraph 报道，美国区块链协会已向参议院领导人 John Thune 与 Chuck Schumer 致信，逐条回应美国全国警长协会针对《Clarity 法案》提出的相关质疑与指控。
Franklin Templeton Digital Assets stated that traditional finance and decentralized finance are converging at an accelerating pace, and institutions should not only use blockchain but also participate in its infrastructure operations. To deepen its investment in the blockchain infrastructure sector, Franklin Templeton has become a super validator of the Canton Network. The institution stated that this move will help enhance transaction security and compliance, and lay the foundation for future institutional capital on-chain.
美国财政部负责数字资产政策的高级官员 Tyler Williams 已离职，其曾主导特朗普政府加密议程，当前国会加密立法陷入僵局。
Odaily News: The U.S. crypto industry group Blockchain Association wrote to Senate Majority Leader John Thune and Minority Leader Chuck Schumer on Monday, rebutting the National Sheriffs' Association's (NSA) previous criticism of the Clarity Act, arguing that the latter misunderstands the bill's design for DeFi regulation.Last week, the NSA wrote to Senate leadership, claiming that the Clarity Act's exemptions for DeFi regarding anti-money laundering, sanctions compliance, and KYC rules are too broad, potentially making it harder for law enforcement to combat financial crime. Representing over 3,000 sheriffs and 10,000 public safety officials, the NSA's stance has intensified the controversy surrounding the bill ahead of its advancement in the Senate.Blockchain Association, in response, stated that the Clarity Act does not grant the crypto industry a "blanket exemption" but instead imposes strict obligations on intermediaries while equipping law enforcement with tools to combat financial crime. Lindsay Fraser, the group's Chief Policy Officer, said that with the Senate vote approaching, it is necessary to correct the misunderstandings surrounding the bill.
court documents show 25 U.S. states have filed lawsuits against the federal government's latest tariff measures. The New York State Attorney General announced that 25 U.S. states led by Democrats filed a lawsuit against the U.S. government on the same day. These states argue that the president's latest round of tariffs on goods from 60 trading partners exceeds his statutory authority to impose tariffs on imported goods. The Attorney General stated that the latest tariffs are merely replacements for measures that were already struck down by the U.S. Supreme Court. The new tariffs are unlawfully broad in scope and bypass the statutory investigation procedures targeting specific countries. (CCTV)
Odaily News: FBI agent Patrick Yaroch was arrested last Friday for allegedly stealing approximately $1 million in crypto assets from a "hostile crypto account." According to an affidavit filed on August 1, Yaroch is suspected of transferring the assets starting around late 2024 or early 2025.Yaroch told investigators that he discovered certain keys that allowed him to transfer funds from digital wallets to himself. He claimed he was frustrated by his inability to further prevent individuals associated with "hostile nations" from using cryptocurrency, and conducted approximately a dozen transfers.Department of Justice documents show that Yaroch admitted to a DOJ employee that he had "made some very bad decisions" regarding crypto wallet issues. In another interview with federal agents, he also admitted that he had "screwed up."Yaroch previously served as a supervisory special agent in the FBI's Counterintelligence and Espionage Division at headquarters, and earlier worked at the FBI's Boston field office. The FBI terminated his employment on July 31.The investigation also alleges that Yaroch mixed personal funds with crypto assets and used ChatGPT to ask how to handle the funds, including how to spend or invest $1 million, and whether to leave the U.S. for a European country.
Odaily News – Kalshi CEO Tarek Mansour pushed back on Monday in a CNBC interview against New York State's lawsuit targeting the company, arguing that the case is not just about sports-related contracts, but challenges the entire prediction market business model.Mansour stated that if the logic of New York's lawsuit were upheld, "it could be copy-pasted to sue Nasdaq." He said Kalshi operates more like Nasdaq: the platform matches buyers and sellers and charges approximately 1% in transaction fees, rather than acting as a bookmaker directly wagering against users like traditional sports betting company DraftKings.New York Attorney General Letitia James sued Kalshi last week, accusing its event contracts of constituting illegal gambling and seeking at least $36 billion in damages, with the exact amount still pending full accounting.Mansour also compared Kalshi's regulatory and legal challenges to the early regulatory resistance faced by Uber and Airbnb, suggesting that prediction markets, as a new type of platform economy, are prone to misunderstanding or overregulation under existing legal frameworks.
: Tyler Williams, a senior official at the U.S. Department of the Treasury responsible for digital asset policy, has departed. He had served as Treasury Secretary Scott Bessent's primary crypto advisor and was involved in shaping the Trump administration's digital asset agenda. Bessent confirmed that Williams' last working day at the Treasury was last Friday. Williams joined the Treasury in early 2025, having previously served as Head of Policy at Galaxy Digital, and is expected to return to the private sector. Williams' departure comes amid a continued stalemate in Congress over the CLARITY Act, a digital asset market structure bill. The legislation has faced obstacles to advancement before lawmakers' August recess due to disagreements over federal ethics provisions for officials.
Odaily News Digital asset prime broker FalconX has laid off approximately 10% of its global workforce. Before the layoffs, FalconX had around 350 employees across the United States, the United Kingdom, Singapore, and Hong Kong. FalconX is adjusting its Singapore strategy, shifting focus toward crypto derivatives trading, and plans to withdraw its local license application submitted to the Monetary Authority of Singapore. The company intends to maintain its Asian business presence while expanding its European operations.
Odaily News: Brian Armstrong posted on X, stating that the CLARITY Act is a bipartisan effort aimed at establishing clear rules for cryptocurrency in the United States. Brian Armstrong noted that the bill will provide more tools for consumer protection, enabling law enforcement to crack down on bad actors, and bringing cryptocurrency within the scope of U.S. regulation. Brian Armstrong also stated that the bill includes multiple pages of new authorizations for banks to integrate stablecoins and cryptocurrency, adding that this will help the U.S. maintain its position as a financial and technological hub, driving economic growth, job creation, and tax revenue. He mentioned that this week will reveal which members of the Senate will vote in support of the bill.
According to Korean media MT, prior to the launch of single-stock leveraged ETFs, the South Korea Financial Services Commission (FSC) conducted an internal review on product structure risks, but did not carry out stress tests on specific products, nor did it simulate the market impact potentially caused by significant declines in heavyweight stocks such as Samsung Electronics and SK Hynix. Internal review documents from the South Korea Financial Services Commission show that single-stock leveraged ETFs have higher volatility compared to leveraged products tracking market indices, carrying the risk of long-term losses due to "volatility decay," and may further amplify underlying stock price fluctuations during the rebalancing process. However, the relevant analysis mainly focused on the general structural risks of leveraged ETFs and did not assess the potential impact on related ETF products and market liquidity when individual stocks such as Samsung Electronics and SK Hynix experience extreme declines. This controversy has once again sparked attention in the South Korean market on risk management for high-leverage ETFs. As single-stock leveraged products gradually expand, whether regulators need to introduce stricter stress testing mechanisms has become the focus of market discussion.
According to Forbes, Siemens' latest "Infrastructure Transformation Monitor" (ITM) shows that against the backdrop of rising operating costs and stricter ESG compliance requirements, digital infrastructure and AI are gradually becoming core tools for commercial real estate portfolio management. The report shows that 52% of commercial real estate leaders expect digital technology to bring significant productivity improvements, and 59% of respondents expect AI to deeply reshape building operation models within the next three years, with main application scenarios covering predictive maintenance, HVAC optimization, automatic fault detection, and energy management. However, currently only 37% of organizations have reached maturity in digital system integration, and 36% of organizations stated they are scaling AI and digital twin technology; fragmented data environments and insufficient system interoperability remain the main bottlenecks. The report cites the practical case of the Pennsylvania Convention Center: the center reduced energy consumption by 18% through digital transformation, achieving approximately $686,000 in operating savings, and successively obtained LEED Gold and GBAC STAR certifications, confirming the substantive role of digital investment in reducing operating costs and enhancing the long-term value of assets.
Odaily News, July saw the U.S. manufacturing PMI rise to 55.6, the highest since 2022, with both production and employment recovering. However, strong demand and geopolitical inflation concerns have roiled the bond market, with Bank of America warning that the Federal Reserve is facing a credibility test. The hot manufacturing performance, coupled with geopolitical inflation threats, has sent U.S. Treasury markets into sharp turbulence. Long-dated Treasuries have recently faced heavy selling, with yields briefly surging to near two-decade highs.Mark Cabana, Head of U.S. Rates Strategy at Bank of America, commented on this, calling the bond market's violent swings a "textbook inflation credibility shock."Cabana noted that the core driver of the market turmoil is not the data itself, but the Fed's lack of policy communication. He specifically pointed to Fed Chair Kevin Warsh's performance at a recent press conference, arguing that Warsh failed to clearly articulate how the Fed would achieve its 2% inflation target."Standing firm on the inflation target is one thing, but if you don't tell the market the specific path, investors won't buy it," Cabana said bluntly in a Bloomberg TV interview. "The bond market cannot be fooled; it sees through all appearances." (Jin10)
According to Odaily, sources familiar with the matter have revealed that the Trump administration has invited representatives from major tech companies including OpenAI, Google, and Anthropic to the White House on Tuesday to review a completed AI regulatory framework.The framework is expected to establish a voluntary AI model submission and review mechanism, allowing AI labs to submit their models to the government for evaluation before releasing them to partners and the public.Sources said the mechanism aims to enhance the government's understanding of advanced AI system development and improve safety assessments of high-capability models before public deployment. At present, the framework remains voluntary in nature and is not a mandatory regulatory measure.The meeting reflects the U.S. government's ongoing exploration of a balance between AI innovation and safety regulation. As companies such as OpenAI, Google DeepMind, and Anthropic continue to roll out more powerful foundation models, how to assess model capabilities and mitigate potential risks has become a key topic in U.S. AI policy-making. (The Information)
: Asset management giant BlackRock has announced the launch of two tokenized money market products: the BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV). BSTBL will offer Ethereum-based tokenized shares of an existing money market fund. These on-chain shares can be transferred between approved wallets, subject to regulatory compliance. BNY Mellon will serve as the transfer agent and tokenization service provider for BSTBL. BRSRV, meanwhile, is a new tokenized money market fund designed for digital-native institutional investors, supporting daily dividend reinvestment and multi-blockchain access, and can be used for a variety of digital asset applications, including stablecoin reserve management. Securitize will serve as the transfer agent and tokenization service provider for this fund.