News linked to both this project and an event.
Atkins stated that the custody provisions of the current Investment Advisers Act and Investment Company Act predate the birth of the internet, and custody capabilities often lag by months after new assets are listed. The SEC's custody rule proposal aims to fill this gap. Atkins also outlined the current SEC's crypto regulatory initiatives, including ending "regulation by enforcement," arrangements related to tokenized securities, the proposed Regulation Crypto Assets issuance framework, and an "innovation exemption," noting that more regulatory proposals are already in the pipeline.
According to The Star, the Perak Central Regional Police, in cooperation with the National Energy Company (TNB), carried out an operation in Seri Iskandar to dismantle an illegal cryptocurrency mining site and arrest two local men. The suspects are alleged to have illegally tapped into power lines to supply electricity to Bitcoin mining rigs, with police seizing 30 Bitcoin mining rigs, routers, desktop switches, and a roll of wiring at the scene. The case is being investigated under Section 427 of the Penal Code and Section 37(1) of the Electricity Supply Act 1990. Police emphasized that stealing electricity for mining not only violates the law but could also cause significant losses to power companies and pose fire hazards.
Odaily News: The European Commission, in item 66 of its MiCA review document, is asking whether Europe's current staking regulations are adequate; if insufficient, new requirements may be imposed on companies. Analysts believe that overly strict rules could weaken staking yields and impact network security.
CZ retweeted on X a solicitation for opinions on a company name change initiated by BNB treasury company BNB Network Company (BNC), and commented: "What's in a name?"Previously, BNC launched a community vote on BNC's future name and invited users to propose other name suggestions. BNC emphasized that the vote is advisory only and not a shareholder vote, and the final name still needs to be approved by the board of directors and pass relevant legal review.
: Canary Capital has announced the launch of the Canary Staked TRX ETF, trading under the ticker TRXS. The product is designed to provide investors with exposure to TRX while earning staking rewards, offering a registered structure-based investment avenue for investors focused on payment and settlement infrastructure.Canary also cautioned that TRXS is not a direct investment in TRX, and that this exchange-traded product is not registered under the Investment Company Act of 1940. As such, it does not benefit from the same regulatory and investor protections afforded to registered ETFs and mutual funds under that act. The product carries higher risk and greater volatility, and investors may lose their entire principal.
According to The Block, Evernorth Holdings, an XRP treasury company, announced that its S-4 Registration Statement filed with the U.S. Securities and Exchange Commission (SEC) has officially become effective. The registration covers Evernorth's business combination with SPAC Armada Acquisition Corp. II, after which it is expected to commence trading on Nasdaq under the ticker symbol "XRPN". The S-4 document registers up to 34,499,992 shares of Class A common stock and 11,499,992 warrants. Positioned as a regulated digital asset treasury company, Evernorth focuses on XRP investment exposure and plans to actively deploy capital into XRP infrastructure projects. Its investors include institutional backers such as Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR. The merger is anticipated to close in late Q3 or early Q4 of 2026, pending shareholder approval.
London-listed technology company The Smarter Web Company tweeted that its Bitcoin Strategy Lead Jesse Myers will step down on September 1. The company's Bitcoin reserve policy will remain unchanged and will continue to be overseen by the board of directors.
According to Bloomberg, the Trump family-backed cryptocurrency project World Liberty Financial has received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, with plans to establish World Liberty Trust Company. Upon final approval, the institution will be able to directly issue and redeem the stablecoin USD1, manage its reserve assets, and provide digital asset custody services.
The U.S. Office of the Comptroller of the Currency conditionally approved World Liberty Financial's trust license application. Ten Democratic senators signed a bill to prevent corruption in bank applications.
The Office of the Comptroller of the Currency (OCC) has conditionally approved World Liberty Financial's application for a national trust bank charter, subject to regulatory and policy requirements. Upon approval, the company may operate under the name World Liberty Trust Company, National Association. World Liberty Financial's application documents show that the bank plans to issue USD-backed stablecoins and custody digital assets related to its USD1 token. U.S. President Donald Trump and his three sons are all affiliated with the company, with Trump family entities holding a 38% stake. Senator Elizabeth Warren, along with nine other senators, introduced the Terminating Presidential Banking Corruption Act following the approval. Elizabeth Warren stated that the OCC's move represents one of the most blatant conflicts of interest in the U.S. financial system. In January 2025, an Abu Dhabi investment company backed by UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan purchased a 49% stake in World Liberty for $500 million. Another UAE entity, MGX, previously used USD1 to invest $2 billion in Binance. (Cointelegraph)
According to the UK's Financial Times, China plans to lift exit restrictions on the founders of AI agent company Manus. Previously, Manus CEO Xiao Hong and Chief Scientist Ji Yichao were required to travel to Beijing for investigation and were restricted from leaving the country in March this year, as the company's acquisition by Meta for $2 billion was suspected of violating investment regulations. According to two informed sources, Xiao Hong recently told employees that he plans to return to Singapore, where the company's headquarters is located, in the near future. Manus announced this week that it will soon resume independent operations, stating that this move is "part of the separation from Meta to comply with regulatory requirements in specific regions." The divestiture transaction still requires final approval from China's National Development and Reform Commission (the NDRC had halted Meta's acquisition in April).
Odaily News The Office of the Comptroller of the Currency (OCC) on Friday granted initial conditional approval to World Liberty Trust Company, National Association, bringing Trump-backed World Liberty Financial one step closer to obtaining a national trust bank charter.In its letter, the OCC stated that World Liberty's charter application met certain regulatory and policy requirements, leading to the initial conditional approval. However, this does not constitute final approval, and the OCC may still rescind the approval.Earlier this year, World Liberty Financial established a new trust company with the aim of applying for a bank charter from the OCC. The company has previously stated that the charter would support its provision of services including stablecoin issuance and redemption, fiat on/off ramps, custody, and exchange. WLF currently issues the stablecoin USD1, which has a market cap of approximately $4 billion, making it the fourth-largest stablecoin after Tether and USDC.WLF CEO Zack Witkoff said on X on Friday that the company aims to build "the world's most trusted and widely used digital dollar" while strengthening the dollar's role in the global economy. Zack Witkoff is the son of Trump's Middle East envoy Steve Witkoff. Overall, this approval could further strengthen WLF's position in the U.S. stablecoin and digital asset banking infrastructure, though its political ties may continue to raise regulatory and ethical concerns.
According to Cryptopolitan, the stock price of American Bitcoin (NASDAQ: ABTC), a Bitcoin mining company associated with the Trump family, rose about 10% in a single day on Monday, from $6.47 to $7.11. Triggering this rebound was a disclosure in regulatory filings: company director and Tinder co-founder Justin Mateen purchased a total of 306,981 shares over two consecutive days from August 5 to 6, totaling approximately $1.93 million, marking the largest insider purchase within the company in the past 12 months.
Odaily News: Justin Mateen, a director at Trump family-backed bitcoin mining company American Bitcoin (ABTC) and co-founder of Tinder, purchased company shares on two consecutive days following the release of its quarterly earnings report, with a total investment of approximately $1.93 million. Regulatory filings show that Mateen bought approximately 145,000 shares of ABTC Class A common stock on August 5, with a transaction value of about $925,000 and an average purchase price of approximately $6.40 per share. On August 6, he purchased another approximately 162,000 shares for about $1 million, at an average price of approximately $6.19 per share. Together, the two transactions totaled 306,981 shares, increasing his ABTC holdings to 492,297 shares. American Bitcoin, supported by members of U.S. President Trump's family, including Eric Trump and Donald Trump Jr., is a Nasdaq-listed bitcoin mining and BTC reserve company. The company adopts a strategy of "large-scale mining plus corporate treasury bitcoin holdings" to provide investors with bitcoin exposure. Financial reports show that American Bitcoin recorded a net loss of approximately $57 million in the second quarter, while its mining scale and bitcoin reserves continued to grow over the same period. The company produced approximately 932 BTC in the quarter, reaching an all-time high, with treasury bitcoin holdings increasing to over 8,000 BTC.
Odaily News, July 31 — Circle announced that the New York State Department of Financial Services (NYDFS) has granted a limited purpose trust charter to its subsidiary, Circle Internet Trust Company LLC.Circle stated that this charter will further strengthen the regulatory foundation of the company and USDC, reflecting its ongoing commitment to security, transparency, and compliance standards.Circle previously became the first company to receive a BitLicense from the New York State Department of Financial Services in 2015, establishing a long-term regulatory relationship with the agency.Jeremy Allaire, co-founder, chairman, and CEO of Circle, stated that obtaining the New York trust charter has been a long-term goal for the company. The regulatory clarity brought by this charter will position USDC within a more recognized regulatory framework as the digital dollar gradually becomes an important component of the global financial system.
Circle 宣布，纽约州金融服务部已向其旗下 Circle Internet Trust Company 授予有限目的信托牌照。该牌照进一步加强了 Circle 的合规与监管框架，也为 USDC 纳入更明确、受认可的监管体系提供支持。Circle 表示，此举体现了其长期以来在安全、透明和合规方面的投入。
According to the Hong Kong Securities and Futures Commission (SFC), Victory Securities Company Limited has been reprimanded and fined HK$1.7 million for regulatory violations, and its responsible officer's license has been temporarily suspended.Previously, Hong Kong's Victory Securities officially closed the virtual currency trading function for all users with mainland China identity in February this year, only retaining the withdrawal function, and no longer supporting deposits or new transactions. This is a continuation of the platform's measures to gradually tighten services for mainland users, including previous bans on buying, suspension of new address verification, etc., aiming to comply with the regulatory requirements of the Hong Kong SFC and relevant mainland policies.
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.
Bitget CEO Gracy Chen stated that regardless of whether the US Clarity Act is passed, Bitget has decided to enter the US market. She mentioned that Bitget is reassessing and restarting its US expansion plans, and will obtain the necessary money transmission licenses, derivatives, and broker-dealer permits in the US before launching services, as well as establish an independent US entity.Additionally, she revealed that Bitget has engaged in discussions with the New York Stock Exchange (NYSE) and Nasdaq to explore cooperation in promoting the distribution of tokenized traditional assets (RWA), viewing both exchanges as potential partners. (The Block)
Elon Musk has completed the acquisition of APR Energy, a mobile power generation company, with the overall transaction valued at least $1 billion. Documents show that Duos Technologies sold its 5% non-voting stake in New APR Energy, realizing a net gain of $50.4 million, which implies an enterprise value exceeding $1 billion. Headquartered in Florida, USA, APR Energy specializes in modular gas and diesel mobile generator sets, with a total installed capacity exceeding 1 GW. Individual projects can be deployed in as fast as 15 to 30 days, providing temporary and backup power for data centers.Industry analysts suggest that this acquisition aims to support the expansion of xAI's computing cluster and reduce reliance on the public grid. However, the fossil fuel-based power generation model will also bring trade-offs in terms of carbon emissions, compliance, and long-term operational costs. (Techrepublic)