News linked to both this project and an event.
Binance co-founder He Yi announced in a post that Binance has officially entered the Philippine market. Meanwhile, the document she shared indicated that the Securities and Exchange Commission of the Philippines has finally approved BlockShoals Technologies to launch testing of financial products and services under its regulatory "Strategic Sandbox" framework. Previously, BlockShoals had completed the remaining compliance matters required by the regulatory authority, and its sandbox application received preliminary approval on November 12, 2025.
U.S. President Trump’s newly released 927-page financial disclosure document reveals income including hundreds of millions of dollars in crypto-related earnings. Among these are millions of dollars in revenue linked to World Liberty Financial, the DeFi project launched by the Trump family in 2024. This disclosure has heightened the urgency of congressional negotiations over ethics provisions within the Clarity Act, the crypto market structure bill.Currently, bipartisan lawmakers are negotiating the Clarity Act, which aims to establish the first comprehensive federal crypto regulatory framework in the United States. A key focus of the negotiations is whether to include ethics restrictions preventing the President, Vice President, members of Congress, and other federal officials from profiting from digital assets while in office.Following the document's release, Democratic lawmakers reiterated that the bill must contain strict ethics clauses. Senator Angela Alsobrooks stated that such restrictions should apply to the President, Vice President, and all members of Congress. She noted that ordinary Americans should benefit from digital assets in a fair and honest manner, rather than allowing political figures to profit through corruption and institutional loopholes.Senator Kirsten Gillibrand also indicated that both parties are still advancing stringent ethics reforms, proposing to prohibit the President, Vice President, and lawmakers from using crypto assets for personal gain. Meanwhile, Elizabeth Warren argued that if the Clarity Act fails to prevent the President, members of Congress, and their families from profiting from the crypto industry, the bill would further fuel controversies surrounding Trump-related crypto corruption.Republicans, for their part, stated that ethics clauses remain part of the bipartisan negotiations. With the July window for advancing the Clarity Act approaching, the disclosure of Trump family crypto income could become a key variable influencing the final text of the bill and the level of Democratic support.
as the EU's Markets in Crypto-Assets Regulation (MiCA) is set to take full effect on July 1, industry insiders anticipate a massive platform reshuffle in the European crypto market, with potentially over 10 million users needing to switch trading platforms.SwissBorg executive Alex Fazel stated that the new MiCA regulations are forcing a large number of exchanges to cease or restrict their services within the EU. The European Securities and Markets Authority (ESMA) has warned that institutions lacking a MiCA license must gradually exit the market after the deadline and assist users in migrating to compliant platforms or self-custody wallets.Data shows that as of 2024, there may be over 3,000 Virtual Asset Service Providers (VASPs) in Europe, with approximately 80% expected to exit the market following the regulatory transition.The analysis points out that several trading platforms, including Binance, have already adjusted their European business layouts in advance. Meanwhile, platforms like Coinbase and OKX are attracting user migration through incentive measures. Against the backdrop of tightening regulations, industry competition is shifting from "subsidy-driven customer acquisition" to "competition in compliance and trust systems." (CoinDesk)
the U.S. Department of Commerce has made differentiated adjustments to export restrictions on frontier models from AI company Anthropic, signaling that global AI regulation has entered a new phase of "tiered liberalization." The policy shows that the official ban on exporting Claude Mythos 5 has been lifted, allowing specific compliant and controlled users to resume using this cybersecurity model. Meanwhile, another high-end model, Fable 5, remains under export restrictions, with related policy consultations still ongoing.Industry analysts indicate that this layered control model—loosening restrictions in some areas while tightening in others—reflects the U.S. balancing act between national security, data sovereignty, and international AI competition. As the global AI race continues to accelerate, specialized models capable of vulnerability exploitation are facing increasingly stringent scrutiny from various countries. Multiple nations have initiated discussions on establishing a unified cross-border regulatory framework for frontier AI capabilities. (Forbes)
The Hong Kong government stated that two licensed stablecoin issuers are expected to launch regulated stablecoins between mid- and late this year. Meanwhile, Hong Kong will further refine its virtual asset regulatory framework to cover trading, custody, and advisory services.
Odaily OpenAI CEO Sam Altman's co-founded company Tools for Humanity has internally launched two investigations led by external law firms, targeting executive fund misuse and alleged violations in its Thailand operations. The company's relevant executives are accused of approving payments amounting to millions of US dollars to a foreign entity. The purpose of these funds was not for normal business procurement or service fees, but rather to artificially inflate the market price of its cryptocurrency, Worldcoin. Additionally, Tools for Humanity's partner in Thailand is reportedly a suspect in an international wanted "pig butchering" scam. Meanwhile, regulatory agencies in multiple countries have raised serious concerns about Tools for Humanity's iris scanning and data collection methods. (BusinessInsider)
According to Odaily, within the ten days leading up to the World Cup, Polymarket's soccer category trading volume exceeded $2 billion, a 300% increase compared to the previous ten days. The average daily trading volume rose from $53 million before the tournament to approximately $220 million. Meanwhile, last Thursday, Kalshi's open interest reached a record $1.16 billion, surpassing the $1 billion mark for the first time and growing 350% since the beginning of the year.Although Polymarket's open interest levels remained relatively stable during the World Cup, the open interest on Polymarket's U.S. branch only saw moderate growth, failing to reach the highs from April 2026. Kalshi's open interest has grown faster than its trading volume, indicating that its user base holds positions for longer periods and has established larger directional positions. Its CFTC-regulated channel and direct USD deposit gateway have attracted U.S. institutions and high-net-worth dollar investors. (The Block)
According to Crypto in America, the National District Attorneys Association, the National Association of Assistant U.S. Attorneys, the International Association of Chiefs of Police, and the National Sheriffs’ Association jointly sent a letter to Acting Attorney General Todd Blanche and Patrick Witt, Executive Director of the White House Crypto Council, expressing strong opposition to Section 604 of the “Clarity Act”—the Blockchain Regulatory Certainty Act (BRCA). Law enforcement groups argue that this provision could create regulatory loopholes exploitable by criminals for illicit activities including drug trafficking, fraud, child exploitation, sanctions evasion, and terrorist financing. Meanwhile, cryptocurrency-backed candidates achieved sweeping victories in primary elections across Maryland, New York, and Utah. Fairshake—a pro-crypto super PAC—has collectively spent over $7.6 million supporting these candidates, including $5.5 million backing Adrian Boafo, the candidate for Maryland’s 5th congressional district. Miller Whitehouse-Levine, founder of the Solana Policy Institute, warned that August 7, 2026, may be the final window for Congress to pass cryptocurrency market structure legislation. He stated that the industry is willing to make limited revisions to the BRCA provisions to address law enforcement concerns—but firmly opposes any fundamental changes that would weaken the core protections enshrined in the provision. Additionally, the House Financial Services Committee held a hearing on “The Future of Payments” the same day.
According to Yonhap News Agency, Lee Chan-jin, Governor of Korea’s Financial Supervisory Service (FSS), stated at a press briefing on June 22 that the launch of single-stock leveraged ETFs tracking Samsung Electronics and SK Hynix had yielded poor results and generated excessive side effects—causing him deep personal regret—and acknowledged that the policy had effectively failed. He pointed out that the extremely high trading turnover rates of these products enabled securities firms to collect massive commissions while delivering no substantive returns to investors; the highest turnover rate approached 200%, allowing securities firms to earn up to 10 trillion Korean won in transaction fees. Meanwhile, he expressed serious concern over the ongoing expansion of leveraged investment in the market and the extreme concentration of trading in semiconductor stocks, emphasizing that the FSS would consult with relevant policy authorities to introduce, in phases, safeguards targeting margin financing. Additionally, regarding Future Asset Securities’ zero-allocation policy for the SpaceX public stock offering, he remarked it was “difficult to understand.” The FSS has launched an on-site inspection of Korea Investment Trust Management Co., Ltd., and will conduct a compliance review of Samsung Asset Management Co., Ltd.
According to Forbes, as the 2026 U.S. primaries advance, political donations from the crypto industry have surged significantly. Protect Progress—a Democratic super PAC backed by the Fairshake network—is continuously channeling funds into candidates across several key districts, sparking controversy over “political narrative packaging.” Disclosures show that in the Maryland House of Delegates race alone, Protect Progress has contributed over $4.9 million to candidate Adrian Boafo; similar funding has also flowed to multiple Democratic candidates in Texas and Georgia. Meanwhile, Congress is advancing the Digital Asset Market Structure Act (the CLARITY Act), and the progress of this legislation further elevates the importance of primary election outcomes. Analysts contend that the crypto industry’s influence within the U.S. political system continues to expand, with several senators and candidates publicly endorsing regulatory frameworks for the crypto industry.
a16z crypto has stated in an article that the crypto industry is entering the so-called "Show Me era," where the market and media no longer accept projects relying solely on vision and whitepapers but demand real data and verifiable product deployment. In the past decade, crypto projects often depended on a "vision is the product" logic, gaining market attention through whitepapers, token narratives, and proof-of-concept. However, as regulatory scrutiny intensifies, negative industry incidents increase, and institutional players enter the space, this model is becoming obsolete. Simultaneously, the accelerated entry of traditional financial institutions into the crypto field is significantly raising the industry bar, including BlackRock's tokenized money market funds, Fidelity's ETF initiatives, and JPMorgan Chase's advances in on-chain settlement and building its own blockchain network. This makes "real products and actual usage" the new competitive standard.a16z crypto summarizes the current industry standard as a "proof-first" mechanism, requiring projects to demonstrate clear product usage data, on-chain transaction volumes, genuine user growth, and sustained retention, rather than merely intentions to partner or conceptual roadmaps. The firm emphasizes that "partnership announcements" no longer constitute valid signals; they must be accompanied by actual integrations and verifiable data. Meanwhile, user growth, on-chain activity, revenue curves, and third-party verification have become core evaluation metrics. The article further introduces the concept of a "proof stack," where projects need to convert narrative into credible product facts through a multi-dimensional chain of evidence — real users, independent verification, on-chain data, and established partnerships.a16z crypto believes that the industry's communication logic has shifted from "what you are doing" to "what you have already accomplished." It emphasizes that while narrative and vision remain important, their weight has dropped from approximately 80% in the past to 20% now, as the industry officially enters a competitive phase centered on results.
According to CoinDesk, as the final deadline for the European MiCA regulatory transition period—this month’s end—approaches, BitGo, a crypto custodian regulated by Germany’s BaFin, announced that its Crypto-as-a-Service (CaaS) platform offers European crypto firms a more streamlined path to MiCA compliance—without needing to build a standalone compliance and operational infrastructure from scratch. Enterprises need only integrate their existing wallets into BitGo’s wallet infrastructure and complete MiCA-compliant KYC procedures; customer assets can then be held in compliant, segregated custody accounts. Meanwhile, enterprises may continue applying in parallel for their own CASP (Crypto-Asset Service Provider) license. On pricing, BitGo CEO Mike Belshe stated fees are relatively low, with a minimum monthly fee of several thousand dollars, and two billing options: transaction-volume-based or flat-rate pricing. According to legal firm Hogan Lovells, as of May 2026, only 194 CASPs will have been authorized across Europe. It is estimated that roughly 75% of crypto firms pre-registered under MiCA will lose their registration status after the transition period ends.
the U.S. government's export controls and access restrictions on Anthropic's models, Fable 5 / Mythos 5, were partly driven by Amazon's cybersecurity research and AWS CEO Andy Jassy's communications with the White House.It is understood that research submitted by Amazon indicated that through a series of prompt tests, researchers could induce Fable 5 to output sensitive information potentially usable for cyberattacks, raising security concerns. Subsequently, Andy Jassy reported these findings to the U.S. government level, prompting the White House to implement further restrictions, including banning foreign users from accessing the model.Meanwhile, former U.S. Commerce Department official Kate Koren revealed that the White House's existing policy stance towards Anthropic may have also influenced this decision. This is because Anthropic has disagreements with the White House over the boundaries of AI safety, including refusing to use its models for mass surveillance or lethal autonomous weapons systems. Although the two sides had eased tensions and expanded cooperation earlier this year, this incident could reignite strained relations between them. (The Wall Street Journal)
Spanish football club Club Atlético Osasuna has recently become embroiled in a controversy surrounding the prediction market platform Kalshi. Earlier market reports indicated that a Kalshi contract associated with the club saw a rapid surge in trading volume, reaching approximately $591,600. The market predicted the club's potential relegation from La Liga in the 2025-2026 season, sparking speculation that the club might be using "reverse betting" to hedge against the revenue risk of relegation.In response, Osasuna publicly denied any direct participation in predictive market transactions, emphasizing that it "has never placed a bet on Kalshi or any similar platform." The club also confirmed it had purchased approximately €1.2 million in relegation risk insurance through brokerage firm Howden. Kalshi, for its part, stated that the event is more akin to the redistribution of traditional insurance risk within a prediction market: the insurance broker bears the hedging risk, rather than the club directly engaging in transactions, describing the structure as functionally similar to a reinsurance mechanism.Notably, despite suffering a loss in a crucial match, Osasuna ultimately managed to avoid relegation as its rivals failed to surpass them in points.The incident has also sparked debate over the boundaries of prediction market use cases: it is evolving from a speculative tool into a real-world risk hedging instrument, potentially playing an "insurance-like" role in sports finance.Meanwhile, the Spanish Ministry of Consumer Affairs has launched a regulatory investigation into Kalshi and Polymarket, demanding the temporary blocking of the relevant platforms for operating without a license. However, officials emphasized that this action is not directly related to the Osasuna incident. (Fortune)
sources say NVIDIA has begun pitching its first independent central processing unit (CPU) product, Vera, to Chinese clients. Designed specifically for Agentic AI systems, the chip has entered mass production, marking NVIDIA's attempt to further expand its presence in the Chinese market with a CPU offering.According to sources, some Chinese clients have already shown interest in Vera. One major Chinese cloud computing company plans to procure over 300 servers equipped with dual Vera CPUs for testing, and will decide whether to expand procurement after the tests are completed.Built on the Arm Holdings architecture, Vera is NVIDIA's first independent CPU product. NVIDIA has previously stated that Vera's performance in AI agent-related computing tasks is 1.8 times that of comparable competitor products, and expects the product to contribute approximately $20 billion in revenue by the end of this fiscal year (ending January next year).The report notes that as the AI industry's focus gradually shifts from model training to inference computing, CPUs and custom chips are gaining more attention. Vera also positions NVIDIA to directly compete with Intel and Advanced Micro Devices (AMD), which have long dominated the server CPU market.Sources indicate that due to strict U.S. export restrictions on high-end GPUs, CPUs face relatively smaller regulatory hurdles in the Chinese market compared to GPU products. Currently, some Chinese clients plan to first deploy Vera chips for testing in overseas data centers. Meanwhile, software ecosystem compatibility and existing domestic AI chip deployment frameworks may still impact the subsequent large-scale adoption of Vera. (Reuters)
the Chicago Mercantile Exchange Group (CME Group) announced plans to launch gold and WTI crude oil futures products available for trading 24 hours a day, 7 days a week, to meet global investors' demand for around-the-clock markets. It is reported that CME Group will launch the Micro WTI Crude Oil Futures contract on August 30, which will be one-tenth the size of the standard WTI crude oil futures contract. Meanwhile, the 1-ounce gold futures contract is planned to support 24/7 trading starting July 26. However, these products are still subject to regulatory approval. They will be listed for trading on the New York Mercantile Exchange (NYMEX) and the New York Mercantile Exchange's precious metals market (COMEX), respectively, and will be cash-settled. (Bloomberg)
According to CoinTelegraph, blockchain intelligence firm TRM Labs released a report forecasting that the on-chain prediction market’s transaction volume for Q1 2026 will reach $3.66 billion—surpassing on-chain gambling’s $1.4 billion for the first time. On-chain gambling achieved a total annual transaction volume of $5.1 billion in 2025, setting a new quarterly record of $1.5 billion in Q4 2025. TRM Labs noted that despite the broader crypto market correction, transaction volumes in both sectors showed no significant decline—largely sustained by the continued activity of loyal user bases. Regarding user composition, “high rollers” accounted for only 6.3% of individual wallets yet generated 91.8% of total transaction volume. Meanwhile, the monthly transaction volume of average bettors grew from $17 million in January 2022 to $188 million in March 2026; the transaction volume of daily gamblers increased twelvefold over the same period, indicating substantial expansion of incremental user groups. From a risk perspective, TRM Labs highlighted differing financial crime risks across the two platform types: gambling platforms face higher money laundering risks, whereas prediction markets are more likely to draw scrutiny over insider trading.
Humility Protocol released a security incident update on the X platform, stating that its H token suffered a coordinated attack on the Ethereum and BSC chains yesterday, with confirmed losses exceeding $36 million in stolen and dumped assets.Preliminary investigations indicate the incident originated from a compromised employee computer, which led to the leakage of private keys for the multi-signature wallet controlling the Hyperlane Bridge ProxyAdmin. Specifically, the attacker obtained 3 out of 6 private keys of the Gnosis Safe wallet on the Ethereum chain, transferred ownership of the ProxyAdmin to a wallet under their control, upgraded the bridge contract to a malicious implementation, and subsequently transferred approximately 141.2 million H tokens in a single transaction.Simultaneously, the attacker also gained control of 3 out of 5 private keys of the Safe wallet on the BSC chain, took over the ProxyAdmin using the same method, deployed a malicious contract with unlimited minting functionality, and minted 200 million H tokens in two separate transactions to their own wallet.Humility stated that it has suspended all deposit and withdrawal operations on the affected bridge services and is collaborating with partners such as exchanges to mitigate losses. Meanwhile, it is cooperating with the police investigation and attempting to recover part of the stolen funds.
According to Crypto in America, the U.S. House Committee on Ways and Means will hold a hearing this Tuesday on cryptocurrency tax reform, reviewing seven draft proposals covering stablecoin transactions, mining and staking, crypto lending, wash-sale rules, charitable donations, and taxpayer disclosure—effectively breaking down the previously proposed Digital Asset Tax Fairness Act into multiple standalone bills. Meanwhile, negotiations over the Senate’s “Clarity for Digital Assets Act” continue. Senator Cynthia Lummis stated the bill is more likely to advance after Congress reconvenes on July 13. Key points of contention include ethics provisions, regulatory language targeting decentralized finance (DeFi), and stablecoin yield. The banking industry continues lobbying against the stablecoin yield provision, while over 200 crypto organizations have jointly written to urge swift passage of the bill. Additionally, Illinois has proposed imposing a 0.2% tax on digital asset transactions, prompting strong opposition from industry groups, which warn the measure could drive crypto businesses out of the state.
Bitfinex Alpha's latest report indicates that Bitcoin has entered a deeper correction phase, dropping to a low of $59,200 on June 5, a cumulative 53% decline from its all-time high in October 2025. This decline is primarily driven by record outflows from spot ETFs, derivative deleveraging, and sustained pressure from a high-interest-rate macroeconomic environment. The yield on the 10-year US Treasury note currently remains above 4.45%, further dampening market expectations for a Fed rate cut.On-chain and fund flow data suggest the current market is closer to a "distribution phase" than "panic selling." The spot Cumulative Volume Delta (CVD) has turned significantly negative after strong accumulation from April to May, indicating that recent buyers are steadily exiting. Meanwhile, the cost basis for short-term holders has fallen below the True Market Mean of $77,800, meaning a large number of new investors are in unrealized loss positions, creating significant selling pressure for any potential rebound. As the price approaches the overall realized cost basis of around $53,900, the characteristic of reducing positions on bounces is becoming more pronounced.At the macro level, the US economy continues to grow, but inflation is eroding real household income. The job market remains robust, with job openings hitting a nearly two-year high and continued job creation exceeding replacement levels. Sectors such as healthcare, manufacturing, construction, and leisure and hospitality are all expanding. However, inflation is expected to continue outpacing wage growth, leading to a decline in real purchasing power and presenting the Fed with a more complex balance between maintaining employment and controlling inflation.The key driver of current market trends has shifted to real yields. Driven by rising energy prices and geopolitical risks, inflation expectations are heating up, pushing both nominal and real yields on US Treasuries higher. Higher real yields increase the opportunity cost of holding non-yielding assets, prompting investors to reassess their allocation to risk assets. Bitcoin has been the first to feel the impact, with US spot ETFs experiencing their largest outflows since launch. The market has also shifted from betting on rate cuts to pricing in the risk of "higher for longer" interest rates. Bitfinex Alpha believes that, in the current phase, the trajectory of real yields has become the most important variable influencing performance in both traditional financial and digital asset markets.Despite short-term pressure, the institutionalization process continues. The report notes that Securitize's approval to list on the New York Stock Exchange signals that tokenization infrastructure is further integrating into the traditional financial system. Concurrently, the US GENIUS Act is advancing a regulatory framework for stablecoins, bringing issuers under compliance requirements similar to those for traditional financial institutions. The institutio