News linked to both this project and an event.
Odaily News Japanese regulators are advancing adjustments to the legal framework for digital asset investments, with spot Bitcoin ETFs potentially receiving approval for listing as early as 2028. However, the timeline remains subject to progress in regulation, product review, and tax reform. On July 15, Japan's Diet approved the transfer of Bitcoin and approximately 105 other crypto assets from the framework of the Payment Services Act to the Financial Instruments and Exchange Act, removing a major legal barrier for related funds to list on the Tokyo Stock Exchange. Major Japanese financial groups such as SBI Holdings and Nomura are preparing digital asset products. Japan also plans to adjust the crypto asset tax system from a miscellaneous income tax of up to 55% to a separate self-assessment tax rate of approximately 20.315%.
Odaily Odaily News Crypto derivatives platform BitMEX is facing a proposed class action lawsuit, with BKX Services Inc. and David Namdar filing a complaint in the U.S. District Court for the Southern District of New York. The plaintiffs allege they incurred combined losses of 622.66 BTC from forced liquidations on BitMEX, with BKX claiming losses of at least 305.81 BTC and Namdar claiming losses exceeding 316.85 BTC. The complaint alleges that BitMEX's internal trading desk had access to customers' private information and could continue trading during periods when the server was frozen and regular users were unable to access or close positions. The plaintiffs further claim that BitMEX allowed customers to use leverage of up to 100x and would automatically liquidate positions when the collateral value was still twice the loss amount, with the remaining BTC entering the platform's insurance fund. The plaintiffs are seeking the return of the allegedly withheld Bitcoin, as well as compensatory and punitive damages. They intend to represent U.S. customers who purchased BTC swap products since July 23, 2018. On the same day the lawsuit was filed, BitMEX announced that following a strategic review by its owner, HDR Global Trading, it will cease providing services on September 23, has already stopped accepting new registrations, and plans to prohibit users from opening new positions starting August 26.
Cryptocurrency exchange Gemini has donated approximately $10 million worth of Bitcoin to MAGA Inc., a super PAC supporting former US President Donald Trump. According to a report filed with the US Federal Election Commission (FEC), Gemini co-founders Cameron Winklevoss and Tyler Winklevoss completed the donations in two installments on June 19, each worth over $5 million. This donation occurred about three weeks after the CFTC and Gemini jointly filed a motion with the US District Court for the Southern District of New York, seeking to vacate the $5 million settlement agreement reached in January 2025. The settlement stemmed from the CFTC's earlier allegations that Gemini had made false or misleading statements. MAGA Inc. can use these funds to support independent political expenditures for Donald Trump. Previously, the Winklevoss brothers each donated $1 million to Donald Trump's 2024 campaign and contributed $21 million worth of Bitcoin to the Digital Freedom Fund PAC to support the crypto policy direction of the Trump administration. Currently, the court has not yet ruled on the motion to vacate the settlement between the CFTC and Gemini. Meanwhile, CFTC Chairman Michael Selig remains the sole commissioner of the agency. As of June 30, MAGA Inc. has reported receiving over $397 million in funds.
Zhibao Technology, a Nasdaq-listed digital insurance products company, announced it has signed a non-binding term sheet with Joyertech and Information OPC. The company plans to sell shares through a PIPE financing, receiving approximately 3,500 Bitcoins as consideration, valued at around $220 million at current prices. The transaction remains subject to final valuation, custody arrangements, audit verification, regulatory review, Nasdaq compliance, and the signing of a definitive agreement. According to the term sheet, upon the closing of the PIPE financing, the buyer is expected to designate a majority of the members of Zhibao's Board of Directors, while the existing management team will continue to be responsible for day-to-day operations. On July 15, Zhibao disclosed that it had received a deficiency notice from Nasdaq because its stock price had fallen below $1.00 per share. The company has 180 calendar days, until January 6, 2027, to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share.
: Crypto derivatives exchange BitMEX has announced it will shut down, with trading scheduled to conclude on September 23. Founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, BitMEX made the decision after a strategic review by its parent company, HDR Global Trading. BitMEX played a pioneering role in making perpetual contracts a key product in digital asset derivatives trading. Data from CryptoQuant shows that its Bitcoin futures daily trading volume began to decline around May 2021 and has failed to recover to its peak daily range of $1 billion to $5 billion seen in 2020. Restructuring advisor Roshan Dharia stated that mid-tier centralized exchanges face structural pressures, with liquidity increasingly concentrating on larger platforms and compliance costs rising. He noted that the top five platforms are currently estimated to control 80% of global spot trading volume, while mid-tier and regional exchanges are seeing narrowing profit margins and lack clear paths to scale. According to CoinGecko data, BitMEX ranked ninth among derivatives exchanges in August 2023, holding a 0.9% market share. By 2025, it was no longer among the top ten perpetual contract exchanges. Over the same period, these platforms saw their annual perpetual contract trading volume grow by 47.4%, reaching $86.2 trillion.
CZ expressed regret over BitMEX's closure announcement, recalling that BitMEX pioneered the 100x leveraged perpetual contract in the crypto market in 2014, driving industry development.CZ noted that BitMEX only supported BTC deposits and single-chain operations at the time, and adopted a once-daily, multi-signature wallet batch withdrawal process. These seemingly inconvenient designs, he said, actually helped the platform avoid hacker attacks over the long term.He also mentioned that BitMEX's four co-founders admitted to violating the Bank Secrecy Act (BSA) one month before their trial, each being fined $10 million and sentenced to home detention, with no prison time. However, CZ believes that BitMEX's business ultimately couldn't withstand the "War on Crypto" during the Biden administration.In conclusion, CZ stated that BitMEX is currently winding down in an orderly fashion, users can still withdraw assets, and he paid tribute to co-founder Arthur Hayes.
瑞士州立银行 BancaStato 集成 Sygnum 加密交易服务，客户可通过现有银行应用买卖 BTC、ETH 等 4 种加密资产。
Odaily News, Swiss cantonal bank BancaStato has launched regulated cryptocurrency trading services, utilizing the systems of digital asset bank Sygnum and banking software provider Avaloq. The bank serves the Italian-speaking canton of Ticino in Switzerland. BancaStato has joined Sygnum's B2B banking platform, integrating Sygnum's trading and custody services into its existing Avaloq banking system. Clients can buy, sell, and hold Bitcoin, ETH, LTC, and SOL via the bank's web and mobile banking applications. Sygnum's B2B platform is already used by over 25 financial institutions, with its banking partners including Societe Generale-FORGE, PostFinance, and VZ Depotbank. In late June, Sygnum announced that its Liechtenstein subsidiary, Sygnum Europe AG, had obtained a license as a crypto asset service provider under the MiCA framework.
According to Nikkei, Japan is expected to launch Bitcoin ETFs as early as 2028. With the revised Financial Instruments and Exchange Act bringing crypto assets under financial product regulation, the Japan Financial Services Agency plans to adjust rules related to investment trusts, allowing funds and ETFs to designate crypto assets as primary investment targets, with multiple asset management firms already evaluating the possibility of participation.
Japan is expected to launch a Bitcoin ETF as early as 2028. With the revised Financial Instruments and Exchange Act bringing crypto assets under the regulatory scope of financial products, Japan's Financial Services Agency (FSA) plans to adjust rules related to investment trusts, allowing funds and ETFs to hold crypto assets as primary investment targets. Multiple asset management institutions have already expressed interest in participating. Japanese institutional investors' interest in crypto assets is on the rise. A survey by Nomura Holdings and Laser Digital shows that approximately 79% of institutional investors and family offices plan to invest in crypto assets within the next three years.However, unlike the US Bitcoin ETF, which is primarily driven by institutional funds, Japan's institutional investor base is relatively limited, and a high proportion of household financial assets are held in cash. Therefore, individual investor funds are likely to become the main source of inflows. Some analysts believe that Japan's Bitcoin ETF could attract up to 3 trillion yen in inflows by FY2028. (Nikkei)
据 The Bitcoin Historian（@pete_rizzo_）发文，白宫官员最新表示，《加密清晰法案》谈判进展积极，民主党的一贯策略是不提前表态，但最终往往会在关键时刻达成协议。该官员称目前"距通过非常接近"，两党支持正持续增长。
According to Bitcoin Magazine, the head of Coinbase Canada stated that the company is pushing to expand its business footprint in Canada, with the goal of building an "all-in-one exchange" covering crypto assets, tokenized stocks, and prediction markets. The plan aims to leverage blockchain technology to provide a more efficient, 24/7 trading experience. Currently, Coinbase is coordinating with Canadian regulators regarding the launch of related products.
According to Bitcoin.com, the Kenyan government is investigating the hacking incident of President William Ruto's official website. The attackers temporarily tampered with the homepage content and demanded a payment of 5 Bitcoins, threatening to leak undisclosed information otherwise.
one year after the U.S. House of Representatives passed the Clarity for Digital Assets Act (CLARITY Act), the bill remains stalled in the Senate, facing opposition from the banking industry and partisan divisions. Supporters anticipate a potential vote before the Senate's August recess. Industry organizations Coin Center and the Blockchain Association have identified Section 604 as a key provision for protecting open-source innovation. This provision aims to prevent non-custodial blockchain developers, node operators, and validators from being classified as federal money transmitters. Stefan Muehlbauer, Head of U.S. Government Affairs at CertiK, stated that removing Section 604 could conflate software development with financial services, subjecting developers to the Bank Secrecy Act and triggering First Amendment-related constitutional challenges. Iana Dimitrova, CEO of Openpayd, noted that the expanding use of stablecoins for cross-border value transfer has made the need for a federal regulatory framework more apparent. The bill also addresses accounting standards, acknowledges the rescission of SEC Staff Accounting Bulletin SAB 121, and prohibits the SEC from reimposing equivalent crypto custody accounting requirements without a full notice-and-comment rulemaking process. Mark Zalan, CEO of Gomining, pointed out that Bitcoin still faces regulatory gaps, such as tax treatment.
Ansem posted on platform X, stating that the current market remains in a stage with high growth potential. Bitcoin (BTC) and Solana (SOL) still have considerable room to rise from their all-time highs, with SOL down approximately 75% from its peak and BTC down about 50%. Compared to previous cycles, this cycle has more mature user experiences and infrastructure, including improved mobile trading experiences, lower barriers for wallet onboarding, and enhanced cross-chain capabilities, making it easier for new users without prior crypto experience to enter the market.Ansem pointed out that a growing number of high-quality developers are aligning incentives through a "token plus equity" model, offering investors exposure to a wider range of industry sectors. Meanwhile, institutional interest in Real World Assets (RWA), attention to the regulatory framework related to the US CLARITY Act, and the entry of major tech-finance companies like Stripe and Robinhood into the crypto space are all boosting market confidence. The wealth effect generated by AI stock performance in recent years, coupled with the wealth-building cases of Meme coins in previous crypto cycles, are reinforcing the market's perception of high-yield trading opportunities. While some earlier Meme coins grew from zero to tens of billions of dollars in market capitalization, the circulating market cap of current popular Meme projects like $ANSEM is still under $100 million, attracting speculative capital.This cycle features dual market drivers: institutional narratives and high-risk speculative opportunities. On one hand, mature financial applications like perpetual contracts and RWA will attract more professional capital; on the other hand, trading in Meme coins and low-market-cap tokens will continue to attract significant retail participation.Ansem stated that with more teams launching user-friendly mobile crypto applications that lower the barrier to entry, this cycle could become the one with the largest scale of retail participation in crypto history.
Bitcoin News posted on X, citing @EleanorTerrett, that the CLARITY Act has not yet been scheduled for a full Senate vote, nor has its legislative text been updated, with multiple key provisions still under negotiation. Lawmakers will enter the August recess after 14 working days. Currently, the biggest point of contention remains ethical issues, as legislators continue to negotiate rules to prevent government officials from profiting from digital assets. Some are still hoping for a vote this week, but many on Capitol Hill believe the window of opportunity is narrowing. If the bill is not brought before the full Senate next week, its chances of passing before the August recess will significantly diminish.
Odaily Odaily reports, one year after the enactment of the US "GENIUS Act", Tether's stablecoin USDT faces a compliance adjustment window of approximately two years. If it fails to meet US stablecoin regulatory requirements in the future, USDT may risk being unable to continue trading on crypto platforms in the United States.The GENIUS Act requires stablecoin issuers to maintain fully backed reserves, primarily allocated to highly liquid assets such as cash and US Treasuries. Tether's latest reserve disclosure shows that USDT reserves still include some assets allocated to precious metals, lending assets, and Bitcoin, which may not meet the requirements of the new regulations. (Coindesk)
CryptoQuant analyst Darkfost posted on X platform, pointing out that Bitcoin has been oscillating around the key support level of $60,000 for nearly 165 days, failing to hold firm and reignite upward momentum. One core reason is the market's lack of new liquidity. Over the past 30 days, the net outflow of stablecoin reserves from Binance and Bybit has approached $2.3 billion. New demand, whether flowing into Bitcoin or the entire crypto market, remains weak. Since the beginning of this year, stablecoin reserves on exchanges have continued to decline. This rather pessimistic market sentiment continues to restrict the funding support needed for Bitcoin to break out of its current consolidation range.However, as regulatory measures like the GENIUS Act require stablecoins to improve compliance, the decentralized nature of the stablecoin ecosystem may be weakened. In the long term, Bitcoin's decentralized characteristics could thereby become more prominent.
According to Odaily, as of June 23, 2026, Foundry Digital, AntPool, ViaBTC, and F2Pool collectively control over 70% of the Bitcoin network's hashrate, with shares of approximately 31%, 18%, 13%, and 10% respectively. Foundry Digital is a US-based mining pool backed by Digital Currency Group, primarily serving large institutions and publicly listed mining companies. In the first half of 2026, D-Central reported a Nakamoto coefficient of 3, meaning that just three mining pools would be enough to produce more than half of the blocks. ViaBTC faced stricter regulatory scrutiny in 2026, prompting some miners to shift to alternative pools like EMCD.
Odaily Strategy founder Michael Saylor published a lengthy post on July 18, listing 100 reasons to oppose BIP 110. He stated that the proposal would impose restrictions on a currently valid but controversial class of transactions through Bitcoin's consensus rules, constituting governance intervention in certain use cases. BIP 110, full name "Reduced Data Temporary Softfork," was marked as Complete on Github on June 25, 2026. The proposal is planned to run for approximately one year and introduces seven new consensus restrictions, including an 83-byte limit on OP_RETURN outputs, a 256-byte cap on certain payloads and witness items, as well as restrictions on some Taproot-related structures. Michael Saylor pointed out that BIP 110 adopts a 55% miner signaling threshold, lower than the 95% threshold in the standard BIP 9 process, and removes the regular timeout and FAILED status. He believes that using a lower threshold for controversial rule changes increases the probability of a chain split and could potentially affect miner fee revenue and long-term network security. He argued that existing Bitcoin relay and mining strategy tools already allow node operators and miners to restrict unwanted transaction types without the need to change the network's consensus rules. Michael Saylor also stated that Bitcoin's base layer should remain conservative and opposed the use of consensus soft forks to regulate controversial use cases.