News linked to both this project and an event.
According to Cointelegraph, Singapore stablecoin payment company Triple-A confirmed its treasury wallet was accessed without authorization, with on-chain investigator Specter estimating losses at approximately $11.8 million. The company stated that customer funds are held in separate trust accounts and were not affected by this incident, and the relevant losses will be covered by the company's own financial reserves. Triple-A has currently restored all services and is collaborating with cybersecurity experts, blockchain forensic agencies, and the Singapore Police Force to investigate and track the stolen assets.
HMRC has recovered over £8 million in tax from 502 crypto investors through tax settlements. These settlements were completed via HMRC’s crypto asset disclosure facility, which allows holders to declare unpaid taxes before a formal investigation is launched. HM Treasury aims to collect £315 million in crypto tax revenue from an estimated 7 million crypto asset holders by 2030. (Coin Bureau)
According to a post by a16z crypto researcher Robert Hackett and data advisor Ryan Holloway, the tokenized stock market is experiencing explosive growth. As of June 2026, the total market capitalization of tokenized stocks reached approximately $1.7 billion, representing a more than fivefold increase from $329 million a year earlier, making it one of the fastest-growing categories among tokenized assets. On-chain data shows that monthly transfer volume surged from $53 million last June to $9.22 billion this June, a year-over-year increase of more than 170 times. The market structure has also changed significantly: the proportion of crypto-related products dropped from 79% to 21%; the AI and chip category jumped from nearly zero to a market share of 15.5%; tech giants rose from 0.6% to 10.6%; and ETFs and indices increased from 4.5% to 17.3%. At the institutional level, DTCC has completed the first live trades of tokenized Treasury bonds and stocks on Digital Asset's Canton network, with full services planned to launch in October, which will open access for Wall Street to approximately $114 trillion in DTC custodied assets. Meanwhile, Robinhood has launched its own chain, NYSE's parent company announced a joint venture with OKX (pending regulatory approval), and Coinbase and Binance have also sequentially launched offerings for non-U.S. users.
The UK plans to issue its first tokenized sovereign bond by early 2027. The current key prerequisite is solving the issue of on-chain cash settlement, a problem that has limited institutional use of digital bonds for years. Industry experts indicate that the plan may have garnered sufficient support from the UK Treasury, the Bank of England, and regulators to proceed after recent political changes and could potentially increase UK debt demand. Progress is currently constrained by the lack of standardized on-chain payment methods, mature GBP stablecoins, and regulatory clarity.
According to Cointelegraph, U.S. Treasury Secretary Scott Bessent stated that legislators have entered the "final sprint" phase on the Clarity Act, urging Congress to pass the bill before recess.
Cryptocurrency exchange Luno has formally challenged South Africa’s proposed foreign exchange law reforms, arguing that the National Treasury’s plan to include digital assets under capital flow regulations bypasses parliament and involves the property and privacy rights of millions of South Africans. In its submission, Luno pointed out that the draft contains provisions for asset seizure without court orders, forced liquidation, and sanctions that could lead to business termination. Violators could face up to five years in prison, fines of up to $53,000, or both. Luno recommends that the final framework for crypto capital flows be established through an act of parliament, classifying crypto assets purchased and held on licensed exchanges in South Africa as domestic assets, and distinguishing between different digital asset categories based on their economic functions. Luno also suggests removing mechanisms for forced sales and warrantless asset seizures, and allowing non-resident international trading companies to continue accessing the South African market with appropriate registration, in order to maintain market liquidity.
Odaily Odaily News According to MAX monitoring, on July 16, the Cascade CLS treasury suspectedly experienced a security vulnerability, resulting in approximately $1.3 million in user fund losses. The platform has suspended all trading and withdrawals and has invited SEAL 911 and other third-party security teams to investigate and handle the incident. Cascade is a 24/7 multi-asset perpetual contract platform headquartered in New York, targeting the US market. It supports deposits via Arbitrum USDC or bank accounts and is currently still in an invitation-only private testing phase.
According to on-chain investigator Specter (@SpecterAnalyst), Tether has frozen four TRON chain wallets holding a combined total of approximately 131 million USDT. Tracing the source of funds, most of the funds were withdrawn from payment service provider DTC Pay and cryptocurrency exchange Bitso. Further investigation reveals that the aforementioned wallets are linked to the Islamic Revolutionary Guard Corps (IRGC) and the Central Bank of Iran on the sanctions list of the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC). The specific reason for the freeze has not yet been officially announced.
The U.S. Department of the Treasury and the UK's His Majesty's Treasury have issued a joint statement and recommendations as part of the "Transatlantic Working Group for Future Markets." The working group recommends that the Bank of England, the FCA, along with the U.S. CFTC and SEC, develop regulatory frameworks for tokenized assets while requiring the FCA and SEC to explore measures to facilitate cross-border financing. In terms of specific recommendations, both the U.S. and UK propose: supporting the development of stablecoins, tokenized deposits, and similar digital assets; promoting market competition and innovation; and establishing higher standards for asset custody, reserve segregation, and consumer protection. (The Block)
: The U.S. Department of the Treasury and HM Treasury have released recommendations from the Transatlantic Future Markets Working Group, covering stablecoin activities and tokenized finance. Both sides suggest that relevant agencies consider establishing private sector-led groups to test cross-border use cases for tokenized assets, and that U.S. financial institutions work with the Bank of England to determine a common approach to regulating tokenized assets. The U.S. and UK also issued a joint statement on stablecoins, stating their intention to promote regulatory coordination and build cross-border dynamic stablecoin markets. The statement also indicates that stablecoins should be fully backed by high-quality liquid assets at a minimum 1:1 ratio. Additionally, according to a report by an industry working group supported by the UK government, if the UK becomes a leading jurisdiction for tokenization, tokenization expands globally, and domestic adoption increases, tokenization could add up to $44 billion to the UK's annual economic output by 2035. (Cointelegraph)
According to Protos, the stock price of Bitcoin treasury company Hyperscale Data (NYSE: GPUS) closed below $0.14 on July 7, 2026, representing a drop of nearly 100% compared to its historical peak during the 2000 internet bubble (adjusted price over $2.1 billion). The company was formerly an electronics manufacturer established in 1969, Digital Power Corporation, and has since undergone six name changes, five reverse stock splits (cumulative compression ratio exceeding 200 million to 1), and multiple transformations—sequentially involving Bitcoin mining and Michael Saylor-style BTC accumulation strategies. In September 2025, the company announced the launch of a $100 million BTC purchase plan, at which time the stock price was $0.72, and has since fallen cumulatively by over 80%. The company's Executive Chairman Milton "Todd" Ault III was fined and suspended by the Financial Industry Regulatory Authority (FINRA) in 2012, and the company also reached a $700,000 settlement with the SEC in 2023.
tokenized sovereign debt startup M1X Global has completed a $5.5 million seed funding round, led by Paradigm, with participation from Breed VC and others.It is understood that M1X Global previously collaborated with the Republic of the Marshall Islands to assist in the issuance of the on-chain sovereign debt instrument USDM1. This product is a dollar-denominated tokenized sovereign debt instrument, 1:1 backed by U.S. Treasury bonds, and natively issued on a public blockchain by a sovereign nation. USDM1 was initially issued on Stellar and is now also available on Canton and Solana.Jordan Goldman, President and COO of M1X, stated that sovereign debt is one of the largest asset classes globally, but prior to USDM1, it did not exist in a native on-chain form. The company aims to establish USDM1 as on-chain sovereign collateral and expand its use within regulated financial markets.The initial application scenario for USDM1 is domestic government aid distribution. Citizens of the Marshall Islands can receive funds via the Lomalo wallet, with payments settling in seconds, bypassing the need for traditional correspondent banking networks. M1X also indicated that its recent integration with Bank of Guam, a U.S. FDIC-insured bank, further connects USDM1 to regulated banking infrastructure. (The Block)
the Hong Kong Securities and Futures Professional Association stated that representatives from regulatory bodies, including Executive Director of the SFC's Intermediaries Division Keith Yee and Deputy Secretary for Financial Services and the Treasury Joseph Chan, discussed several specific policy changes. These include: canceling the previous 10% minimum exemption for virtual asset management, and implementing new regulations effective immediately without a transitional period.Furthermore, the SFC indicated that it has communicated with the Hong Kong Securities and Investment Institute (HKSI). In the future, the examination for virtual asset platform practitioners will be separated from the existing courses, and examination fees will be lowered, aligning with the costs of current papers such as Paper 2 and Paper 3. The Hong Kong Securities and Futures Professional Association also called for a clear delineation between technology services and regulated activities, suggesting that the SFC establish a more transparent approval timeline and phased reference framework. (Sing Tao Daily)
The Hong Kong Securities and Futures Industry Professional Association met with representatives from the Financial Services and the Treasury Bureau and the Securities and Futures Commission on July 3 to exchange views on issues such as new virtual asset policies, the licensing regime, operating costs, and the Virtual Asset Platform Practitioner Examination (CVAP). During the meeting, the Association expressed concerns regarding CVAP examination authorization and system transparency. The SFC responded that it would promote the separation of courses and examinations and reduce examination fees.
According to Odaily, the U.S. national debt has risen to approximately $39 trillion, with the public debt now equivalent to the size of the U.S. GDP. Annual interest payments have reached about $1 trillion, exceeding the defense budget. The U.S. Treasury system dates back to 1790, when Alexander Hamilton pushed through a debt consolidation reform. At that time, the federal government assumed the wartime debts of individual states and committed to full repayment, thereby establishing the U.S. credit system and laying the foundation for the global status of the dollar and U.S. Treasuries. Today, U.S. Treasuries are regarded as one of the core assets of the global financial system, supporting the U.S. dollar's reserve currency status and being widely held by central banks and financial institutions worldwide. As the debt scale continues to expand, market concerns over long-term sustainability are intensifying. According to estimates from the Penn Wharton Budget Model, when the debt-to-GDP ratio exceeds approximately 210%, the fiscal system may face unsustainable risks. Currently, this ratio in the U.S. stands at about 100%, and the Congressional Budget Office projects it could rise to 175% by 2056. Analysts believe that under scenarios of growing healthcare spending and widening fiscal deficits, this risk threshold could arrive earlier, and the long-term stability of the debt structure is facing increasingly stringent market and policy scrutiny.
the Major County Sheriffs of America (MCSA), in a letter to U.S. Senate Banking Committee Chairman Tim Scott and Senator Elizabeth Warren, stated that after some of its concerns regarding Section 604 of the bill were addressed, it has shifted its stance on the CLARITY Act to "neutral." Section 604, concerning the Blockchain Regulatory Certainty Act, aims to protect developers from liability for illegal activities conducted by users on their decentralized platforms. The MCSA had previously stated that Section 604 could provide loopholes for criminals to exploit, making it more difficult for law enforcement to investigate crypto-related crimes. The MCSA indicated that it still hopes the CLARITY Act will amend Section 309 to include state law enforcement agencies. This section requires the U.S. Treasury Department to study decentralized finance and illicit finance risks. (Cointelegraph).
Nick Timiraos, known as the "Fed Whisperer," posted on the X platform: Trump stated that he believes Fed Chair Warsh leans dovish within the Federal Open Market Committee (FOMC). This came a day after similar remarks from White House National Economic Council Director Hassett, and a week after Treasury Secretary Bessent expressed hope that the Fed would maintain an "open attitude" toward inflation and predicted the Fed would ease policy this year. A new era of "forward guidance"...
On the eve of the U.S. Independence Day holiday, sentiment in the crypto market is gradually stabilizing. Bitcoin is holding above $61,000, and Ethereum has climbed above $1,700, continuing the rebound from the previous day. The unexpectedly weak U.S. non-farm payroll data earlier had cooled market expectations for further tightening by the Federal Reserve, rekindling demand for risk assets. Volatility in the options market has notably declined, with short-term implied volatility falling from recent highs into the low 30s range, as market sentiment shifts from panic hedging to relative calm. However, some institutions believe the data is not a one-sided "dovish signal." Accelerating wages and resilient consumer spending still support the Fed in maintaining a hawkish stance. The divergence between U.S. Treasury yields and stock market performance further indicates lingering disagreement over the policy path. (The Block)
U.S. Treasury Secretary Scott Bessent stated in an interview with CBS News that the recently disclosed revenue of approximately $1.4 billion earned by President Donald Trump through crypto projects poses no problem for the president. The financial disclosure shows that since the start of his second term, Trump has earned around $1.4 billion from crypto ventures, including the TRUMP meme coin and World Liberty Financial.Congressional Democrats have criticized this, arguing that there is a conflict of interest given that the current administration is seeking to ease cryptocurrency regulations. White House spokesperson Anna Kelly responded by stating that the disclosure reveals no conflict of interest. Additionally, Bessent expressed optimism about the U.S. economic outlook and noted that over 6 million Trump Accounts have been opened, a project aimed at helping minors invest in the stock market to improve financial literacy. (cbsnews)
According to Digital Asset, the Korea Exchange (KRX) announced revisions to listing rules, stipulating that if technology special listing companies change their main business purpose within 5 years after listing, they will be included in the scope of substantive delisting review. This move primarily targets cases where some biotechnology and other enterprises, after listing on KOSDAQ via technology special exemption, transform their main business into digital asset investment or virtual asset treasury (Crypto Treasury). KRX clearly pointed out that such changes indicate that the original technological capability and growth potential are no longer valid, necessitating a delisting review. In addition, special listing companies must mandatorily disclose corporate value enhancement plans during the listing exemption period to protect investors' right to know. This revision also covers the expansion of quality inspection standards for innovative enterprises, the establishment of a disclosure system for low PBR companies, and the improvement of systems related to multiple voting rights stocks.