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Financial Infrastructure Command Platform Cordant Completes $8 Million Seed Round Financing

According to Business Wire, financial infrastructure command platform Cordant announced the completion of an $8 million seed funding round, jointly led by Motive Partners and Oak HC/FT, with participation from institutions such as Bitso, Paxos, Bankless VC, FJ Labs, and SignalFire. Cordant was founded by a former executive team from Rapyd and is positioned as a real-time operations command center for payment companies, fintechs, and banks, capable of integrating data from payment rails, bank accounts, ledgers, compliance, and risk systems to provide teams with a unified operational view without the need to migrate data or replace existing core systems. The funding will be used for product development and private beta customer deployments.

The Russian State Duma has passed the crypto market regulatory bill, but it still requires President Putin's signature to officially become law.

俄罗斯国家杜马 7 月 21 日在二读和三读中通过第 1194918-8 号《数字货币与数字权利》法案,拟建立覆盖加密交易平台、经纪商、资产管理机构及托管机构的持牌监管框架,并规定相关企业的运营要求。法案允许数字资产用于对外贸易,但仍禁止在俄罗斯境内用于支付商品和服务。 法案主要条款预计于 2026 年 9 月 1 日生效,部分规定设置至 2027 年 7 月 1 日的过渡期。该法案通过国家杜马后,仍需俄罗斯联邦委员会审议并由总统普京签署,之后方可正式成为法律。

Midnight:Multiple Exchanges Including Binance Freeze Funds Involved in Cross-Chain Bridge Attack

the Midnight Foundation has provided an update on the handling of the cross-chain bridge attack event involving Wanchain Cardano and BNB. Multiple exchanges including KuCoin, Kraken, Binance, Bybit, OKX, Gate, and MEXC have coordinated risk control actions, temporarily freezing the involved accounts and associated addresses, adding the hacker wallet to a blacklist, and pausing NIGHT token deposits and withdrawals as needed to curb the transfer and cashing out of stolen assets.The Foundation specifically noted that this security incident is an isolated incident related to a third-party cross-chain bridge, and the Midnight mainnet and native NIGHT assets have not been affected. The project team continues to collaborate with major exchanges and ecosystem partners to advance traceability investigations, reminding the community to rely on official disclosures for information and to be cautious of misinformation.

Microsoft Expands AI Partnership with Mistral, Signs Multi-Billion Dollar European AI Infrastructure Agreement

Odaily, July 21 - Microsoft and French AI startup Mistral AI announced an expansion of their strategic partnership on July 21, signing a multi-billion dollar agreement centered on European AI infrastructure to enhance AI computing capabilities in the region. Under the agreement, Microsoft will leverage Mistral's expanded European GPU infrastructure to support its cloud computing and AI services. This infrastructure will be based on thousands of Nvidia Vera Rubin GPUs.In terms of products, the Mistral Medium 3.5 and OCR 4 models are now available on the Microsoft Foundry platform, and Mistral Medium 3.5 has also been integrated into Microsoft Copilot Studio for agent applications, document processing workflows, and industry-customized workflows. Additionally, the two parties will expand AI deployment options through Azure and Azure Local, supporting cloud, cloud-connected, and fully offline environments, targeting industries with high data compliance requirements such as finance, healthcare, and manufacturing.

Pakistan Establishes Cryptocurrency Investigation Team to Combat Money Laundering Activities

According to Pakistani local media Dawn, the Pakistan Federal Investigation Agency has established a specialized department to combat cryptocurrency-related crimes, thereby strengthening law enforcement efforts against digital assets nationwide, targeting money laundering and terrorist financing activities conducted through virtual currencies.

Prediction market Kalshi's trading volume surges to $24.2 billion during World Cup

: U.S. prediction market platform Kalshi experienced explosive growth during the 2026 World Cup, with platform trading volume soaring from $6.67 billion on June 22 to $24.2 billion on July 14. The single "World Cup Champion" prediction market saw trading volume exceed $1.2 billion. Kalshi stated that its growth reflects a new trend in the AI era: as the volume of AI-generated content increases substantially, authentic, real-time, and non-replicable human interaction scenarios are becoming scarcer, positioning prediction markets as a novel tool for observing public sentiment and collective judgment.Meanwhile, Kalshi is seeking to transform from a sports prediction platform into the next-generation financial trading infrastructure. The company currently holds Designated Contract Market (DCM) status recognized by the U.S. Commodity Futures Trading Commission (CFTC) and plans to expand into more prediction areas including sports, geopolitics, culture, and economics. (Fortune)

Gate Europe CEO: More MiCA-licensed crypto companies may exit the EU market

Giovanni Cunti, CEO of Gate Europe, stated that some crypto companies which have already obtained licenses under the EU's Markets in Crypto-Assets Regulation (MiCA) may still exit the EU market due to rising compliance costs. Cunti indicated that stricter regulatory requirements make it more difficult for new entrants to compete, and some licensed companies may not be able to sustain the costs and resources required for ongoing operations under this framework in the long term. MiCA is the EU's regulatory framework for crypto assets. The 18-month transitional period ended on July 1st, and crypto companies serving EU clients must either obtain authorization or cease providing regulated services. Binance failed to obtain a MiCA license before the deadline. Last Friday, the European Securities and Markets Authority (ESMA) added 14 crypto asset service providers (CASPs) to its register, bringing the total number of authorized companies to 294. Cunti noted that the number of market operators in Europe has already decreased from thousands to hundreds.

Russian State Duma Passes Crypto Market Regulation Bill, Awaits Putin's Signature

the Russian State Duma passed Bill No. 1194918-8, "On Digital Currencies and Digital Rights," on Tuesday in its second and third readings, setting rules for the operation of crypto assets and cross-border trade within the country. The bill establishes a regulatory framework for market participants such as crypto exchanges, brokers, asset management companies, and custodians, and sets operational requirements for industry firms. The bill allows the use of crypto assets for foreign trade operations, while payments for goods and services within Russia remain prohibited. The main provisions are expected to come into effect on September 1, 2026, with a transition period until July 1, 2027. The bill still requires President Vladimir Putin's signature to become law.

Malaysia's Johor State Revokes Business License of Network School Founded by Balaji Srinivasan

According to Reuters, the Johor state government of Malaysia has revoked the business license of the digital nomad community Network School, founded by American investor and former Coinbase CTO Balaji Srinivasan, and required it to cease all operations in Forest City starting from July 22. The project was previously investigated after being accused on social media of assisting Israeli citizens in entering Malaysia, but the immigration department stated after inspection that the relevant members held valid travel documents. The Johor state government stated that the decision to revoke the license was made based on inspection reports, law enforcement results, and the company's statements.

Pakistan's Federal Investigation Agency (FIA) Establishes Cryptocurrency Investigation Unit to Combat Money Laundering and Terrorist Financing

the Federal Investigation Agency (FIA) of Pakistan has established a cryptocurrency investigation unit within its newly inaugurated National Command and Control Center (NC3) to probe money laundering and terrorist financing activities conducted through virtual currencies.Dr. Muhammad Athar Waheed, head of the FIA's Counter-Terrorism Department, stated that the new unit will investigate the criminal use of cryptocurrencies. The newly formed Pakistan Virtual Asset Regulatory Authority (PVARA) will be responsible for overseeing digital assets. Dr. Waheed also urged the National Cyber Crimes Investigation Agency and the Anti-Narcotics Force to establish similar departments to address the use of cryptocurrencies in cybercrime and drug trafficking.The NC3 integrates the FIA's financial crime tools onto a single platform, including anti-money laundering and virtual currency investigation units, an Interpol coordination point, open-source intelligence, cyber patrolling, and dark web investigation departments. Pakistan previously lifted its eight-year ban on cryptocurrency banking, created the PVARA, and is advancing the licensing of cryptocurrency exchanges. (Decrypt)

Polymarket's "CLARITY Bill Signed into Law in 2026" probability reaches 42%, up 10% in a week

PPP Prediction Market Tool monitoring shows that the probability of "CLARITY Bill Signed into Law in 2026" on Polymarket has risen to 42%, up 5% in 24 hours and 10% in a week.The market rules are as follows: If the "Digital Asset Market Transparency Act of 2025" (HR3633) is passed by both chambers of the U.S. Congress and signed into law before 11:59 PM ET on December 31, 2026, the market will resolve to "YES"; otherwise, it will resolve to "NO". The primary sources of information are official announcements from the U.S. Congress website and other official U.S. government information, although other reliable reports may also be referenced.White House Crypto Advisor Patrick Witt has officially stated today that he will remain in Washington to push for the passage of the CLARITY Act. Previously, there were reports that he would leave before the Senate vote, but that news has now been overturned.Join the PPP Signal Push Community to stay ahead and seize the opportunity.

印度马哈拉施特拉邦拟推出 DELTA Act,探索不动产区块链代币化立法

据马哈拉施特拉邦首席部长 Devendra Fadnavis 发文,该邦正推进《马哈拉施特拉土地代币资产数字化与交换法案(DELTA Act)》草案制定工作。Fadnavis 主持召开相关会议,指示官员研究全球法律法规与最佳实践,并成立由 SEBI、BSE、NSE 代表及专业人士组成的专家委员会,制定完整立法框架。 根据该提案,不动产将通过区块链技术进行代币化,交易全程在链上完成。此举旨在释放不动产潜在价值,开辟新收入来源,助力马哈拉施特拉邦实现 2030 年 GDP 达 1 万亿美元目标。若立法落地,马哈拉施特拉邦将成为印度首个引入此类法规的邦。

UBS: Semiconductors Enter Differentiation Phase, AI Crowded Trade Continues

According to Chaoxiang Research, UBS released a SemiBytes Flash Note on July 20, 2026, judging that the semiconductor sector is transitioning from a broad-based rally to a phase of severe divergence, while the AI-themed crowded trade continues. The report covers five core topics. The release of Kimi K3 drives another upgrade in open-source model scale; longer context windows boost demand for HBM and storage, with NVIDIA being the biggest beneficiary. Micron's cumulative free cash flow over the next few years is expected to exceed $400 billion; after the buyback ban is lifted, the theoretical buyback ratio could exceed 40%, which is not yet fully priced in by the market. Divergence within the analog chip sector is intensifying; stocks with higher AI exposure have gained a 42x P/E premium, while valuations for stocks with automotive and industrial exposure remain near historical averages. Position crowding data shows that Lam Research, Broadcom, Seagate, Micron, and AMD remain in a state of extreme long positioning crowding.

英国议会数字资产跨党派小组启动加密行业银行服务准入调查

据 The Block 报道,英国议会数字资产跨党派小组已就本地加密行业的银行服务准入问题启动调查。此次调查将重点审视加密企业在开立和维持银行账户方面面临的困难,以及银行对加密交易设置限制的相关情况。

South Korean president responds to controversy over Samsung and SK Hynix single-stock leveraged ETFs: strengthen regulation when necessary, supplementary measures to be introduced soon

South Korean President Lee Jae-myung stated at a cabinet meeting today that the market widely criticizes single-stock leveraged ETFs for "excessively amplifying market volatility" and urged relevant authorities to "promptly and adequately improve the related system." Although regulators have taken certain measures, investors believe these products have exacerbated market fluctuations and declines, exposing efficiency issues at the policy level. In response to the market controversy sparked by single-stock leveraged ETFs linked to Samsung Electronics and SK Hynix, Lee Jae-myung said financial regulators should formulate and enhance relevant supporting measures as soon as possible, and study the introduction of further countermeasures when necessary.The Financial Services Commission (FSC) of South Korea explained that the introduction of single-stock leveraged ETFs aims to reduce capital outflows caused by overseas stock investments and bring investors within the domestic regulatory framework. Given that overseas markets already offer 2x to 3x leverage products, this initiative helps guide funds to remain in the Korean market. The FSC noted that the scale of overseas leveraged products has declined, and the net overseas stock investment by Korean individual investors dropped from approximately USD 40 billion last year to USD 2.8 billion in the first half of this year, which has played a role in stabilizing the exchange rate.However, market participants continue to question that single-stock leveraged ETFs have amplified market turbulence amid the recent sharp fluctuations in semiconductor stocks. In response, Lee Jae-myung emphasized that the South Korean government needs to continuously monitor market impacts and introduce additional measures when necessary. (NATE)

Kalshi: US States Lack Jurisdiction over Prediction Markets, Washington State's Regulatory Action Wastes Taxpayer Money

A Kalshi public relations representative stated that U.S. states do not have the jurisdictional authority to regulate prediction markets, a legal boundary that has been clarified through relevant case law by multiple courts, including the U.S. Court of Appeals for the Third Circuit.Kalshi expressed disappointment over Washington State's continued allocation of public financial resources to advance related regulatory actions, asserting that the authority to regulate prediction markets should rest at the federal level.

U.S. Washington State Court Issues Preliminary Injunction Against Kalshi, Ruling Its Business Violates State Gambling Laws

that, according to Daniel Wallach, a U.S. Washington State court has issued a preliminary injunction against Kalshi, ruling that its operations violate Washington state gambling laws and constitute illegal gambling activities; moreover, the Commodity Exchange Act does not have the authority to supersede state-level gambling laws.

Celsius 联合创始人 Goldstein 与 FTC 达成和解

Celsius 联合创始人 Hanoch "Nuke" Goldstein 同意支付 240 万美元并接受加密货币业务禁令,以解决 FTC 对其虚假宣传用户存款安全的指控。

South Korean Government Launches First Stablecoin Legislation Forum, Advancing "Digital Asset Basic Act" Enactment Within the Year

According to Edaily, the South Korean government held the first stablecoin legislation forum attended by the Deputy Prime Minister for Economy on July 21, focusing on the "Basic Act on Digital Assets," with key topics covering the stablecoin issuance and circulation system, segmented regulation of the digital asset industry, and improvements to anti-money laundering rules.

United Stables 宣布采用 Chainlink 作为 U 稳定币官方数据与跨链基础设施

在完成严谨全面的安全审查后,United Stables 正式宣布采用 Chainlink 作为驱动 U 稳定币的官方数据与跨链基础设施。