News linked to this event type.
Odaily News: The U.S. Securities and Exchange Commission (SEC) has proposed rules related to crypto assets, aiming to establish a clear framework for eligible investment contracts and provide a targeted securities offering regime for token issuances, enabling related entities to raise funds while retaining investor protection measures. The proposed rules would allow crypto companies to issue up to $5 million in tokens over four years, or up to $75 million in tokens within 12 months, and provide a safe harbor to prevent cryptocurrencies from being deemed "investment contracts." Issuers would be required to disclose financial statements and provide ongoing reporting. The SEC did not include the previously anticipated "innovation exemption" for crypto stocks. The proposal comes just days after the U.S. Senate failed to advance the Digital Asset Market Clarity (CLARITY) Act; the public will have 60 days to submit comments after the proposal is published in the Federal Register. SEC Chair Paul Atkins stated that congressional legislation remains essential for establishing rules that can be applied over the long term, and the SEC will continue to support Congress in advancing the CLARITY Act to President Trump. The Commodity Futures Trading Commission (CFTC) plans to discuss cryptocurrency, AI, and prediction market regulation on Thursday. (Cointelegraph)
The U.S. SEC proposed new crypto regulations after the CLARITY Act was stalled, providing a safe harbor for token issuance and an exemption threshold of up to $75 million.
Odaily News: Brian Armstrong posted on X platform, expressing appreciation for the progress made by Paul S. Atkins and the SEC on token classification, calling it a long-awaited step toward modernizing the financial system. He stated that he has been calling for clear cryptocurrency rules for years, and that token classification is precisely the measure the U.S. needs to maintain innovation. Brian Armstrong also said he looks forward to the SEC issuing the Innovation Exemption to promote on-chain trading of tokenized stocks. He noted that relevant progress is underway and that the CLARITY Act should be pushed forward and passed as soon as possible, moving the market on-chain before other regions take the lead.
A political action committee-affiliated organization funded by Coinbase and Ripple spent over $2 million on ads opposing Democratic candidate Oliver Gilbert in the Florida congressional district primary, as the candidate had not taken a stance on digital asset policy.
The U.S. Securities and Exchange Commission (SEC) on Tuesday proposed new rules that would allow crypto projects to raise funds without full securities registration. The proposed "crypto asset regulation" includes two exemptions: projects raising no more than $5 million over a 4-year period, and issuers raising no more than $75 million every 12 months, subject to filing financial statements and ongoing reports. Both exemptions require information disclosure and remain subject to federal anti-fraud and anti-manipulation rules. The proposal also includes a conditional safe harbor, allowing issuers to "decouple" crypto assets from the investment contracts under which they were issued, provided SEC conditions are met. SEC Commissioner Hester Peirce stated that the exemptions will not cover all types of crypto projects, and the Commission will refine the rules based on market developments. The SEC canceled a related meeting last week citing "unforeseen scheduling issues," and resumed advancing the proposal days later. (Decrypt)
Odaily Odaily News: The White House plans to host a tech industry leaders event with Trump tomorrow, with multiple tech industry leaders expected to attend. According to White House sources, prediction market companies were not invited to this event and will not be present. Previously, sources familiar with the matter revealed that President Trump is expected to attend a crypto industry innovation meeting to be held at the White House next week, engaging in discussions with executives from multiple crypto companies as well as heads of prediction market and AI firms. Executives from companies such as Coinbase, Ripple, Gemini, Robinhood, Polymarket, and Kalshi are expected to participate and serve as members of the newly established Innovation Advisory Committee under the U.S. Commodity Futures Trading Commission. The meeting is expected to be held at the Eisenhower Executive Office Building next to the White House, discussing U.S. policies on innovation areas including fintech, crypto assets, prediction markets, and AI. CFTC Chairman Mike Selig and other government advisors are also expected to attend, and Treasury Secretary Bessent and Commerce Secretary Lutnick may also be present.
Crypto exchange Kraken launches trading of over 7,000 US stocks for European Economic Area users, tradable in the same regulated account as tokenized stocks xStocks.
Odaily News: Payment company Visa is seeking settlement and over-the-counter (OTC) trading partners with cryptocurrency exchange licenses in the United States, Canada, the United Kingdom, and Singapore. The partner will also be responsible for settlement of the newly launched Open USD stablecoin project, which plans to support multiple stablecoins. (CoinDesk)
According to CoinDesk, Visa is seeking new stablecoin settlement and OTC trading partners to replace BVNK, which was previously acquired by Mastercard. Relevant product request documents indicate that Visa expects partners to hold cryptocurrency exchange licenses in the U.S., Canada, the UK, and Singapore, and to support multiple stablecoin conversion and settlement services, including handling settlement for the Open USD stablecoin project promoted by Stripe, Visa, and Mastercard.
Blockchain analytics company Chainalysis Government Solutions filed a bid protest with the U.S. Court of Federal Claims on July 27, challenging the U.S. Immigration and Customs Enforcement (ICE) award of an approximately $94.6 million blockchain forensics software and support services contract to competitor TRM Labs on a sole-source basis. The contract term is from July 1, 2026 to June 30, 2027, for investigations related to the Homeland Security Special Operations Group.
blockchain forensics firm Chainalysis Government Solutions filed a bid protest with the U.S. Court of Federal Claims on July 27, opposing the U.S. Immigration and Customs Enforcement's (ICE) decision to award a contract worth approximately $94.6 million to competitor TRM Labs on a sole-source basis. The contract, covering the period from July 1, 2026, to June 30, 2027, involves blockchain forensics software and support services for Homeland Security task forces investigating fraud, cybercrime, and sextortion cases. Chainalysis argues that ICE's decision was arbitrary and unreasonable. TRM Labs joined the case as an intervenor-defendant on July 28, defending the contract alongside the U.S. government. The court has allowed Chainalysis to temporarily seal its complaint, with oral arguments scheduled for September 2. ICE stated that after approximately six days of market research, it determined that none of the eight responding companies could meet the requirements. (Decrypt)
According to The Block, Curve founder Michael Egorov stated that regulatory pressure from the Financial Action Task Force (FATF) on decentralized finance (DeFi) may prompt protocols to remove privileged access, upgrade risks, and the ability to intervene with user funds, thereby improving DeFi security and enhancing decentralization.
Odaily News: Sui announced on X platform that @osec_io has manually reviewed AftermathFi's perpetual contract engine, and @Certora has completed verification through mathematical methods. The two institutions reviewed the same codebase using two different approaches. The market will open tomorrow, and both audit reports will be publicly released.
韩国广播媒体通信审议委员会于 8月 18 日决定，对海外预测市场平台 Polymarket 采取接入屏蔽措施。该机构认为，Polymarket 提供涉及政治、支付、体育、选举、天气等事件结果的预测交易，具有“赢家通吃”式损益结构，可能助长投机心理，并构成面向韩国用户的非法赌博环境。
According to Bloomberg, the latest Bank of America (BofA) fund manager survey shows that investors are continuing to increase their exposure to US equity assets, with bullish sentiment rising to a near five-year high and the number of bearish investors in the market significantly decreasing. Data disclosed by the team led by Bank of America strategist Michael Hartnett indicates that a net 56% of fund managers are overweight on stocks, the highest level since November 2021, while the investor cash allocation ratio has dropped to a "very low" 3.5%.
Odaily News In a recent interview on Cointelegraph's program Chain Reaction, Lucas Sum, Head of Stock Market Development at Gate, stated that crypto and stocks are quietly converging and increasingly becoming part of the same macro trade. He pointed out that the correlation between the crypto market and the Nasdaq index is currently higher than the five-year average, with the correlation coefficient once exceeding 0.8. Market sentiment is generally cautious at present, with more funds staying in low-risk assets such as stablecoins, as investors await clearer catalysts.Lucas Sum believes that the core narrative of the next market cycle may no longer be "crypto vs. Wall Street," but rather traditional financial assets accelerating their entry into the digital financial system through on-chain infrastructure. The scale of RWA has grown from approximately $12 billion a year ago to over $30 billion, while the scale of tokenized U.S. Treasury bonds has also reached approximately $15 billion, indicating that on-chain financial infrastructure continues to expand. Meanwhile, macro liquidity, real yields, and regulatory clarity remain key factors influencing the performance of risk assets. Against this backdrop, investors' focus is shifting from single-asset allocation to coordinated allocation across multiple asset classes. Lucas Sum noted that Gate is continuously expanding its stock business, currently covering U.S., Hong Kong, and Korean stock markets, with plans to extend further into more global markets to provide the necessary infrastructure for multi-asset investment.
Odaily News: Cryptocurrency platform Bitpanda has been fined €70,000 by the Austrian Financial Market Authority (FMA), making it the first publicly disclosed enforcement action under the EU's Markets in Crypto-Assets Regulation (MiCA). The ruling is now legally binding. The FMA stated that Bitpanda failed to submit its crypto asset white paper to the regulator at least 20 working days before publication, and published marketing communications prior to the white paper's release. Another marketing communication also lacked a disclaimer stating that it had not been reviewed or approved by the regulator, as well as telephone and email contact information. The violations relate to procedural and disclosure requirements, and do not involve allegations of fraud or investor losses. The MiCA rules for crypto asset service providers took full effect at the end of 2024, and the transition period for existing firms is gradually coming to an end. Bitpanda holds a MiCA license and is expanding across Europe. The EU is expected to revisit the framework in 2027 and tighten oversight of non-EU stablecoin issuers. (Decrypt)
Odaily News: Since the launch of Sui's Hashi Bitcoin lending protocol testnet on July 22, it has processed over 1.1 million Bitcoin deposits and 165,000 withdrawals within three weeks. As of last week, more than 25 institutions had participated in the system's stress testing. Participating institutions include digital asset custodian BitGo, trading firm Cumberland, as well as Swissborg, Fluid, and Ledger, covering areas such as trading, custody infrastructure, and wealth management platforms. Hashi allows users to deposit native Bitcoin, which is confirmed by Sui validators before minting hBTC for on-chain lending and stablecoin borrowing. Deposits utilize a 2-of-2 multi-signature mechanism with MPC validator signatures, while withdrawals require review by the Guardian Layer; the project team will proceed with the 2026 mainnet launch only after this security layer completes its security audit. (Bitcoin.com News)
The Securities and Futures Commission welcomes the announcement made today by the National Financial Regulatory Administration actively supporting Mainland insurance funds to participate in the Mainland and Hong Kong financial market connectivity, and supporting Mainland insurance institutions to invest in Exchange Traded Funds (ETFs) listed on the Hong Kong Exchange through Stock Connect. This policy will further expand the options for Mainland insurance institutions to conduct overseas asset allocation through Hong Kong, demonstrating the National Financial Regulatory Administration's support for continuously deepening the financial connectivity between the Mainland and Hong Kong.
According to TechFlow Research, Morgan Stanley's August 16 research report noted that Reuters reported PE giant Silver Lake is in talks to acquire Workday, driving a collective surge in the software sector last Friday. Workday has a market cap of approximately $50 billion. If acquired at a 30% to 40% premium, the valuation would be approximately 5x 2027 P/S ratio and 16x 2027 free cash flow, both below historical averages. Morgan Stanley believes this indicates software stocks may have become cheap enough to entice PE firms to re-enter the market; if the deal materializes, it will boost sector valuations. The report also noted that while open-source models suppress token prices, hyperscalers can still maintain 20% to 60% ROIC on their proprietary compute. Investor surveys show 52% expect increased divergence within software stocks, with bulls numbering approximately twice that of bears. Morgan Stanley expects Cursor's annualized ARR to reach $8 billion by year-end and $33 billion by 2030, maintaining an Underweight rating on Netcompany. PE returning to acquisitions, cost layering of open-source models, and investor confidence repair—these three signals indicate software sector valuations have been compressed to a critical point.