News linked to both this project and an event.
According to CoinDesk, the UK government plans to complete the first tokenized sovereign bond issuance tests through HSBC and the London Stock Exchange Group (LSEG) in early 2027, but industry experts point out that on-chain cash settlement issues remain the core obstacle hindering the implementation of the plan. Varun Paul, Global Head of Central Banks and Market Infrastructure at Fireblocks, stated that the project has secured sufficient institutional support, and a change in government (UK Prime Minister changing from Keir Starmer to Andy Burnham) is unlikely to reverse it, and tokenized government bonds are expected to boost market demand given the UK's current debt scale of nearly 3 trillion pounds (approximately 4 trillion USD). Jannah Patchay, Founder of Markets Evolution, pointed out that tokenized bond technology has been validated for nearly seven years since Santander Bank issued the first tokenized sterling corporate bond in 2019, but the absence of on-chain counterparty risk-free settlement assets has remained unresolved. She called on regulators to promote the use of compliant sterling stablecoins to provide an on-chain settlement mechanism. Currently, the global stablecoin market size reaches $300 billion, but TGBP, the largest pound stablecoin by market capitalization, is only worth about $34.2 million, accounting for a negligible proportion.
According to CoinDesk, the Cardano wallet SecondFi was attacked due to a vulnerability in its transaction signing software. A total of 16.1 million ADA (approximately $2.4 million) across 374 wallets was stolen, and the platform has announced permanent closure. The vulnerability allowed attackers to derive private keys from transaction data visible on-chain. The Cardano network itself was not affected, nor were hardware wallet users. An investigation by Groom Lake, a blockchain intelligence company hired by EMURGO, revealed that the primary attackers were sophisticated and well-funded. Some indications point to North Korea's Lazarus Group, but this has not yet been officially confirmed. SecondFi plans to release a wallet export tool in early August and launch a zero-knowledge recovery portal later in the month. EMURGO has established an asset recovery wallet, with the specific distribution time to be determined.
According to CoinDesk, Kraken's parent company Payward announced it will expand its tokenized stock platform xStocks to markets outside the United States, planning to partner with investment infrastructure provider GTN to bring listed stocks from Hong Kong, the UK, Europe, and South Korea on-chain, with further expansion to other asset classes subject to regulatory approval. Currently, xStocks supports over 500 tokenized securities, with cumulative trading volume exceeding $35 billion and nearly 200,000 holders, but the product is not currently open to US investors.
According to CoinDesk, cryptocurrency lobbying group TDC has officially sued the state of Illinois, seeking to block the implementation of a bill imposing a 0.2% tax on all digital asset transactions in the state. The bill was signed by Governor Pritzker last month and is scheduled to officially take effect next year.
crypto bank Augustus announced the completion of a $180 million funding round, bringing the company's valuation to $1 billion. The company aims to build a 24/7 financial infrastructure that connects traditional payment systems with stablecoin networks. The round was led by Tiger Global Management, with participation from investors including Hummingbird, QED, and the founding teams of Nubank, Ramp, Circle, and Deel.Augustus stated that as stablecoins gradually transform the global financial system, the traditional Correspondent Banking model is facing efficiency bottlenecks. The company aims to establish a federally chartered clearing bank for fintech companies and financial institutions, replacing traditional cross-border payment infrastructure.Unlike stablecoin issuers, Augustus does not plan to issue its own stablecoin. Instead, it aims to provide underlying banking infrastructure, enabling financial institutions to freely transfer funds between traditional payment networks and blockchain networks. Currently, Augustus offers euro clearing services through its regulated Finnish entity, processing tens of billions of euros in transactions annually. Its clients include international financial institutions, fintech companies, banks, and crypto firms, including crypto exchange Kraken. (CoinDesk)
According to CoinDesk, Tokyo-listed logistics company AZ-COM Maruwa Holdings (9090) announced plans to use the regulated yen stablecoin JPYC to make payments to its approximately 2,300 partners (including subcontractors and truck drivers). The company has provided delivery services for Amazon Japan since 2017, with revenue reaching 230.5 billion yen (approximately $1.4 billion) in the previous fiscal year.
According to CoinDesk, U.S. Senators Chris Murphy, Chris Van Hollen, and Jeff Merkley held a press conference on Capitol Hill on July 14, publicly announcing opposition to the cryptocurrency market structure bill, the "Digital Asset Market Clarity Act" (Clarity Act), and characterized it as "corrupt legislation." The core focus of the three senators' opposition is that the bill currently still fails to incorporate ethical provisions prohibiting the President and senior government officials from personally participating in the crypto industry. Van Hollen stated bluntly that the bill "will cause great harm"; Murphy used even stronger language, stating that if the bill cannot cut off the entanglement of interests between the Trump family and the crypto industry, it "is itself an umbrella for corruption."
Odaily News: Kalshi originally planned to cancel prediction market trades placed by Michigan customers following a court order, but the U.S. Commodity Futures Trading Commission intervened, stating that Michigan has no authority over the contracts. The CFTC prevented the company from complying with the court order, which stemmed from Michigan's recent attempt to halt sports-related trading. Michigan's Attorney General argued that such trades constitute illegal gambling. Michigan is one of several states where the derivatives regulator is defending its legal authority over prediction markets. (CoinDesk).
Odaily News: Three Democratic U.S. Senators expressed opposition to the cryptocurrency CLARITY Act during a press conference in Washington, stating that unless the bill directly addresses the "corruption" issues related to President Donald Trump's personal cryptocurrency ties, it should not receive support. (CoinDesk)
the European Central Bank (ECB) has selected 36 banks and payment companies to participate in the digital euro pilot project, preparing for the potential issuance of a Central Bank Digital Currency (CBDC) possibly in 2029. Selected institutions include Deutsche Bank, Revolut, Adyen, SumUp, UniCredit, and Worldline. The list was selected from 50 applicant institutions.The digital euro pilot program is scheduled to launch in the second half of next year, lasting for 12 months. It will test the Beta version of the digital euro across various payment scenarios, including: online person-to-person transfers, offline payments, in-store payments, and e-commerce payments. The pilot scope will cover the ECB and the central banks of 19 eurozone countries. ECB employees and staff from national central banks will participate as users, while some restaurants, cafes, and online merchants will support digital euro payments.Although the digital euro currently lacks legal tender status, its design will closely align with the relevant legislative framework being developed by the European Union. The ECB stated that the final decision on whether to issue a digital euro will await the passage of relevant regulations and a decision by the ECB's Governing Council.One of the key reasons for the ECB's push for a digital euro is concern that the development of private dollar-pegged stablecoins could impact Europe's monetary sovereignty. In recent years, dollar-backed stablecoins like Tether's USDT and Circle's USDC have grown rapidly in global payment volumes, drawing the attention of European regulators to financial autonomy.However, the CBDC project still faces privacy controversies. Some privacy advocacy groups worry that a central bank digital currency could lead to transaction tracking or even pose a risk of restricted account access. In contrast, the United States has recently passed laws restricting the Federal Reserve System from issuing a digital dollar before the end of 2030.Currently, Europe's digital euro project is entering its practical testing phase, while EU legislative bodies are advancing the relevant legal framework. If the regulatory process proceeds smoothly, the digital euro could potentially be officially launched as early as 2029. (CoinDesk)
Democrats are focusing on the crypto wealth recently disclosed by President Donald Trump and are discussing arrangements within the cryptocurrency CLEAR Act to prohibit conflicts of interest for government officials. A new draft of the bill is expected to be released in the coming days. Time is running short for the Senate to advance this cryptocurrency legislation, but negotiations on the ethics clause have yet to reach an agreement. Trump has expressed a desire for the CLEAR Act to be signed, although he recently urged Congress to prioritize advancing his voting rights bill. (CoinDesk).
据 CoinDesk 报道，玻利维亚政府正评估将泰达币（USDT）纳入国家支付系统，探索其与玻利维亚诺及美元并行流通的可行性。相关方案仍处于技术审查阶段，尚未公布具体实施规则，也未赋予 USDT 法定货币地位。
As the tokenization of capital markets intensifies, the Securities Transfer Association (STA) recently submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), warning that stock tokens issued by third-party entities could undermine market integrity. The association is calling on regulators to prioritize tokenized securities authorized by listed companies in future rulemaking.The STA represents numerous Wall Street transfer agents, whose members argue that genuine tokenized stocks should be formally authorized by the issuing company and recorded on the official shareholder register, rather than consisting of "wrapped" token products created by independent platforms.The association points out that third-party stock tokens could confuse investors regarding their actual holdings and expose them to platform credit, custody, and operational risks, without establishing a direct legal relationship with the listed company. Therefore, any innovation exemptions, pilot programs, or permanent regulatory frameworks for tokenized securities should be prioritized for the issuer-supported model. The STA also urges the SEC to reform the existing Direct Registration System (DRS), arguing that the current U.S. securities depository system struggles to meet the real-time transfer and settlement demands of on-chain securities. It recommends that regulators collaborate with the Depository Trust & Clearing Corporation (DTCC) to optimize the digital securities infrastructure.Currently, the global tokenized stock market, valued at approximately $2 billion, is predominantly led by the third-party model, including products launched by Ondo Finance and Kraken, while institutions like Securitize and Figure adopt the issuer-authorized model. (CoinDesk)
multiple sources familiar with discussions on the Digital Asset Market Clarity Act indicate that U.S. lawmakers plan to release an updated version of the crypto market structure bill this week. The new text incorporates content from bills previously passed by the U.S. Senate Banking Committee and the Agriculture Committee, with consultations between the two committees on multiple provisions. (CoinDesk)
the UK Financial Conduct Authority finalized crypto rules last month, providing guidance on capital requirements, admission and disclosure, and a broader conduct framework for crypto firms.The Bank of England has removed previously proposed limits on holdings of fiat-backed stablecoins and reduced the reserve requirement that issuers must hold at the central bank from 40% to 30%. The stablecoin proposal put forward in November 2025 had restricted individual holdings of systemic sterling stablecoins to no more than £20,000 and corporate holdings to no more than £10 million. (CoinDesk).
According to CoinDesk, informed sources revealed that the latest consolidated draft of the U.S. "Digital Asset Market Transparency Act" (Clarity Act) may be released as early as next week, and the Senate is expected to advance deliberations during the week of July 20. The consolidated draft was jointly negotiated by the Senate Banking Committee and the Agriculture Committee, adding over 70 pages of content and strengthening consumer protection provisions. However, the bill still faces multiple obstacles: Democrats insist on restricting business ties between senior government officials (including the President) and the crypto industry, and the parties have not yet reached a compromise on this ethics provision; additionally, issues such as federal preemption and SEC and CFTC commissioner nominations remain unresolved, and the White House has not participated in the latest negotiations. For the bill to pass in the Senate, it must reach the 60-vote threshold, and the time window is extremely limited—with only about four weeks of agenda remaining for the Senate in July and early August, and continued infighting among House Republicans further increases legislative uncertainty.
Coinbase Chief Legal Officer Paul Grewal is leaving the company after years of legal battles with U.S. regulators to join a startup. Coinbase announced that Molly Abraham will lead the company's legal team as General Counsel, and Ryan Van Grack will become Vice Chairman, expected to take on broader, more public-facing responsibilities. Grewal stated that he will continue to serve as an advisor to Coinbase and will be involved in the company’s trust charter work through the Office of the Comptroller of the Currency. Abraham has been with Coinbase since March 2021, serving as Vice President of Legal and managing multiple legal teams. (CoinDesk).
that, according to sources familiar with the matter, lawmakers could unveil an updated version of the Cryptocurrency Clarity Act as early as next week. The new bill will integrate work from both the Senate Banking Committee and the Senate Agriculture Committee. However, outstanding issues remain, including one of the key demands from Senate Democrats: ethics concerns. Democrats still need to accept the new draft, which would require 60 votes to advance through the Senate. (CoinDesk)
Odaily报道 According to data from Visa's on-chain data platform, USDC has expanded its lead over USDT in stablecoin transaction volume during the first half of 2026. Data shows that the adjusted stablecoin transaction volume in June rose to $1.79 trillion, an increase of 63% month-over-month and 125% year-over-year from June 2025, setting a new all-time high. Visa's statistics have excluded non-genuine economic activities such as bot transactions and internal exchange transfers.The total stablecoin transaction volume for the first half of the year reached $8.82 trillion, surpassing the full-year 2024 level of $5.8 trillion, but still below the record $10.8 trillion set in 2025.Structurally, USDC accounted for approximately 70% of the volume in the first half of 2026, while USDT accounted for about 25%, indicating a significant shift in market share towards compliant stablecoins.Analysis points out that as banks and institutions increasingly use stablecoins for settlement and fund management—with institutions like Standard Chartered and BNY Mellon accelerating integration into the USDC ecosystem—stablecoin infrastructure is entering a phase of institutional expansion. (CoinDesk)
Odaily, July 5th - The cryptocurrency market continued its stabilization trend, with Bitcoin rising nearly 7% in the week ending July 5th, recording its strongest weekly performance since March. This rally was primarily fueled by declining inflation expectations. The breakeven inflation rate, a measure of market inflation expectations, has dropped notably recently. The two-year indicator has fallen below 2%, approaching the Federal Reserve's inflation target level, while long-term inflation expectations have also weakened. Meanwhile, WTI crude oil prices have fallen in tandem with inflation expectations, returning to levels close to those seen before the geopolitical conflicts in February, prompting the market to reassess inflation pressures, interest rate cut expectations, and the dollar's trajectory.Some analysts suggest that if the US Dollar Index (DXY) weakens, it could further lower resistance for Bitcoin’s upward movement, as the two typically exhibit a negative correlation. However, other viewpoints caution that services inflation remains sticky, and falling oil prices do not necessarily imply a reversal of the overall inflation trend. Monetary policy may continue to maintain a "higher for longer" stance.The next key milestone for the market is the US June CPI data due on July 14th, which could serve as a crucial catalyst for determining the inflation path and the direction of risk assets. (CoinDesk)