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Research data shows that AI Agent Token consumption is 4 times that of ordinary conversations, while multi-agent systems reach up to 15 times; meanwhile, a 2025 analysis on AI-assisted software development found that the time engineers spend reviewing and modifying AI-generated code (accounting for 9% of programming time) is more than twice the time spent waiting for AI to generate code (4%). The author cited an economics paper by researchers from MIT, the University of Washington, and UCLA, pointing out that "the bottleneck constraining growth is no longer intelligence itself, but human verification bandwidth."
Russian State Duma Committee on Information Policy Deputy Chairman Sventsov subsequently suggested that Russian citizens suspend all financial operations within the Telegram ecosystem, including paid subscriptions and purchasing TON/Gram tokens, and wait for official statements from Roskomnadzor and FSB before making further decisions.
According to Bloomberg, OpenAI's ChatGPT and gaming platform Roblox are set to be officially designated as "Very Large Online Platforms" (VLOP) by the EU executive body under the Digital Services Act (DSA), as both have surpassed the 45 million monthly active user threshold in the EU. Insiders revealed that the designation is expected to take effect as early as August. Once designated, the two companies will face stricter regulatory requirements, including content moderation obligations, algorithm transparency requirements, and systemic risk assessments, with violations potentially incurring fines of up to 6% of global annual revenue.
According to BeInCrypto, the official verified X account of U.S. Senator Cynthia Lummis was hacked on July 29. The account briefly posted a fake Solana Meme coin promotion post named $USA Token, featuring a pump.fun minting link. The post was deleted within approximately five minutes, accumulating around 5,600 views and 37 replies during that period. Crypto community users quickly issued warnings, and there are currently no records of financial losses. Lummis's office had not released any statement as of press time. The timing of this incident is sensitive, coinciding with the stalemate of the "Digital Asset Market Transparency Act" (CLARITY Act) championed by Lummis in Congress.
According to CNBC reports, Frank Pallone (New Jersey), the ranking Democratic member of the U.S. House Committee on Energy and Commerce, wrote to SpaceX CEO Elon Musk on July 29, requesting that he provide relevant records regarding its xAI Memphis data center by August 11 and allow an onsite visit. Pallone accused SpaceX of extensively using natural gas combustion turbines to power the Colossus and Colossus 2 data centers without obtaining permits or installing pollution control equipment, posing "significant health risks" to surrounding communities. Notably, the Trump administration's Department of Justice has sought to intervene to assist xAI in defending against relevant lawsuits filed by environmental organizations and the NAACP. A May Gallup poll showed that 70% of Americans oppose building AI data centers locally, as public resistance to the expansion of AI infrastructure by major tech companies continues to intensify.
As the provider of bank account and card services for crypto wallets and payment card products such as SafePal and Bitget Wallet, Fiat24 stated that due to the growth in user base and trading volume outpacing the expansion of its risk management, compliance, and customer service capabilities, it has suspended crypto asset deposits and temporarily halted new user registrations starting July 14 to upgrade its internal control systems. Its international wire transfers, foreign exchange conversions, and P2P payments remain operational, while the resumption time for crypto asset deposits has not yet been announced.
据美国威斯康星州东区联邦地区法院 7月 28 日裁决，法院驳回了 CFTC 要求禁止威斯康星州对 Kalshi、Coinbase、Robinhood、Polymarket及 Crypto.com 等平台的体育相关事件合约执法的初步禁令申请。法院认为，CFTC 未能证明其主张——即《商品交易法》（CEA）对"掉期"的定义涵盖体育事件合约——具有胜诉可能性，且赌博监管属于州传统警察权范畴，联邦法律并未明确表示意图取代州法。此外，法院同时驳回了 Kalshi、Crypto.com 衍生品北美公司（CDNA）的介入申请及美国博彩协会（AGA）的被告介入申请。目前，CFTC 与威斯康星州的实质性诉讼仍将继续推进。
on the afternoon of July 29 local time, U.S. President Trump told the media at the White House that, because "Iran launched missiles at U.S. troops in the Middle East," the U.S. "will deliver a heavy blow to Iran," and now it is "America's turn to strike back." Trump stated, "Iran knows this strike is inevitable and has asked the U.S. not to launch an attack," but the U.S. will "teach them a lesson." Regarding the "drone attack on a liquefied natural gas tanker in Egyptian waters," Trump said he has been briefed on the matter and "the issue will be resolved." Earlier that day, Trump said in an interview that the U.S. would carry out "a powerful retaliation" and "hit Iran hard." Trump also stated that he hopes to include a clause authorizing the U.S. to impose tariffs on Iran in the sanctions bill against Russia previously pushed by the late Senator Lindsey Graham. (CCTV International News)
: The Ethereum Foundation has announced that Pascal Caversaccio, also known as pcaversaccio (or "pc"), has joined its Board of Directors, increasing the board's membership to four.Caversaccio is a co-founder of the Ethereum security organization SEAL 911 and a well-known security expert and privacy advocate within the crypto ecosystem. He has gained attention for his technical security capabilities, as well as his commentary on cypherpunk culture, privacy, and decentralization, and is the author of the "Ethereum Cypherpunk Manifesto".Aya Miyaguchi, Chair of the Ethereum Foundation, stated that Caversaccio brings not only security and privacy expertise but also practical experience highly aligned with Ethereum's core values. She expressed anticipation for the new perspective he will bring to the foundation, pushing it to think more deeply about security and privacy issues.Currently, the Ethereum Foundation Board of Directors includes Aya Miyaguchi, Ethereum co-founder Vitalik Buterin, Swiss legal representative Patrick Storchenegger, and the newly added Caversaccio. The foundation stated that the board acts like a "security committee," responsible for protecting the foundation's core mission and ensuring its compliance as a Swiss foundation.This appointment is also part of recent adjustments within the Ethereum ecosystem's governance. As the foundation has faced discussions regarding organizational changes, governance transparency, and roadmap coordination in recent years, the inclusion of a figure focused on security and privacy on the board may further strengthen Ethereum's cypherpunk positioning and long-term value narrative.
Hawkins County Commissioners in Tennessee, USA, have passed a ban with a vote of 12 in favor and 0 against, prohibiting the establishment, construction, installation, expansion, and operation of crypto mining facilities and data centers in the county's unincorporated areas. The commission had previously passed a similar ban in September 2025 to prevent digital asset company ExoticRidge from conducting mining operations locally, and confirmed its relevant authority through a resolution in January. ExoticRidge and Hawkins County officials proposed a settlement in January that would allow the company to build and operate facilities under noise restrictions. The proposed terms require that A-weighted decibel noise at the property boundary must not exceed 80 decibels for more than 30 minutes within any 4-hour period. A law signed in Tennessee in April has already stipulated that, effective July 1, the use and installation of cryptocurrency ATMs and kiosks will be illegal, with the restrictions targeting incidents where residents use the devices to transfer funds to scammers.
the token is issued by Anchorage Digital Bank, can be natively minted and redeemed on Celo, and can be directly used to pay on-chain gas fees via Celo's fee abstraction mechanism. USAT went live in January this year and currently has a market cap of approximately $185 million.
According to TNW, the Cyberspace Administration of China released a draft of rules on cyberbullying governance on July 29 and opened it for public comment. The draft requires platforms to establish cyber violence content detection classifiers, provide users with a "one-click protection" function, and implement blacklist management and regular reporting mechanisms for violating accounts. It is worth noting that the draft explicitly includes AI-generated deepfake images and synthesized harassment text within the scope of regulation. Q&A platform Zhihu has responded in advance by restricting the use of anonymous accounts.
According to Decrypt, a report released by the Consumer Federation of America (CFA) shows that estimated losses from cryptocurrency fraud in the US in 2025 reached as high as $80.7 billion, approximately 7 times the amount actually reported to the FBI ($11.37 billion). Based on 2017 Bureau of Justice Statistics survey data, the CFA extrapolated unreported losses using a 7.1x multiplier. Investment fraud was the largest single category, with estimated losses reaching $61.4 billion, a year-on-year increase of 32%; losses were particularly severe for the group aged 60 and above, with losses from crypto fraud alone reaching $4.4 billion. Currently, US law enforcement agencies have taken multiple actions, including the FBI's "Operation Level Up" which has prevented approximately $500 million in losses, and the Department of Justice has also seized over $25 million in crypto assets involved in fraud.
According to CoinDesk, Coinbase Canada's new CEO Eric Richmond stated at the Toronto Blockchain Futurist Conference that Coinbase aims to become Canada's "all-in-one exchange," fully introducing products such as derivatives, decentralized finance (DeFi), and tokenized assets into the Canadian market to achieve "24/7, seamless, frictionless" one-stop financial services.
According to Bloomberg, the UK Competition and Markets Authority (CMA) announced an investigation into Microsoft to verify whether, after bundling Copilot AI features into the Microsoft 365 suite (including apps such as Word, Excel, Outlook, etc.) and raising prices, it fully disclosed relevant subscription price change information to users. Regulators are concerned that consumers may be forced to pay higher fees without clear notification.
According to reporter Eleanor Terrett (@EleanorTerrett), the controversy surrounding the BRCA provisions in the Clarity Act continues to intensify. Two key groups representing prosecutors have submitted amendment proposals to the White House, proposing to remove relevant provisions protecting software developers from criminal prosecution, but the National Sheriffs' Association (@NationalSheriff), which previously publicly opposed the Clarity Act, did not co-sign the proposal. In response, both the White House and the Treasury denied Senator Cortez Masto's claim that "the proposal reflects their position." Crypto Council Executive Director Patrick Witt stated that the proposal is "far from" the government's position, while the Treasury directly pointed out that the wording of the relevant provisions came from Washington lobbyists.
: Prediction market platform Polymarket has announced the establishment of the Polymarket Institute, dedicated to funding independent academic research on how prediction markets can replace traditional polling and forecasting models in large-scale scenarios. The institute is fully funded by Polymarket and operates internally within the company. Its Executive Director is Polymarket's Head of Data, Kai Brusch, and its Scientific Director is Brian Jabarian, Assistant Professor of Economics and Technology at Carnegie Mellon University. Research directions include information aggregation, risk management, and intersections with AI, policy, and crypto markets.
According to CNBC, Musk's xAI (now merged into SpaceX) filed a lawsuit with the Minnesota federal court this Monday, challenging a state law set to take effect this Saturday—the law prohibits generating AI-generated sexualized images without the subject's consent ("nudify" apps), with fines of $500,000 per violation. xAI's legal team argues the law "imposes overly broad content restrictions on freedom of speech and visual expression tools," violating the First Amendment of the U.S. Constitution, and pointed out that if users generate 100,000 violating images, the company would face exorbitant fines of up to $50 billion. It is worth noting that xAI is currently also facing a class-action lawsuit alleging its Grok AI was used to generate child sexual abuse material (CSAM).
According to CoinDesk, the world's largest custodian bank, The Bank of New York Mellon (BNY), announced it will migrate its transfer agent core bookkeeping business to the blockchain, involving approximately $8.6 trillion in assets and 7.6 million accounts, aiming to establish a single on-chain ownership ledger and reduce reliance on multi-layer intermediaries. BNY client Baillie Gifford (managing over $261 billion) will be the first to use the service, launching the UK's first fully locally regulated tokenized fund, while BlackRock and its money market business Dreyfus also plan to follow suit. BNY stated that existing traditional systems will continue to run in parallel, with trillions of dollars in funds remaining on the traditional track in the short term.
: BNY Mellon is migrating its core transfer agent records onto the blockchain to create a single, on-chain ownership ledger and reduce reliance on intermediaries. The initiative will initially support clients including Baillie Gifford, BlackRock, and BNY's own Dreyfus, covering the first fully native, UK-regulated tokenized fund and other planned tokenized products. BNY and other major banks are building blockchain-based infrastructure and tokenized deposit networks. The bank anticipates that legacy systems will continue to coexist for several more years amid persistent cybersecurity and smart contract risks.