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Moonshot AI Responds to Allegations of Distilling Fable for K3: Only 15 Days Between Releases

Moonshot AI employee Randy responded on X platform to White House Office of Science and Technology Policy Director Michael Kratsios’ remarks regarding Moonshot AI using Anthropic’s Fable to distill and develop the K3 model. He stated that Fable made its public debut on July 1, while K3 was launched on July 15. The team trained a brand-new frontier model in just 15 days, a feat worthy of a Guinness World Record.

某鲸鱼止损谷歌多单后开出价值约 2410 万美元美光多单

据 余烬 披露,一名鲸鱼在谷歌财报发布后止损其谷歌多头仓位,以亏损约 74 万美元 的代价平掉价值约 1350 万美元 的谷歌多单。随后,该鲸鱼转向存储板块,并以 977.6 美元 的价格开出价值约 2410 万美元 的美光多单。

币安将上线 POPMARTUSDT U 本位永续合约

据官方公告,币安合约平台将于 2026年 07月 23日 10:30(东八区时间)上线 POPMARTUSDT 永续合约,追踪泡泡玛特国际集团有限公司(HKEX: 9992)股价,最高杠杆可达 25 倍。

Binance will list POPMARTUSDT perpetual contract

Odaily reports: According to an official announcement, Binance will list the POPMARTUSDT perpetual contract at 10:30 (UTC+8) on July 23, 2026. This contract is margin-traded in USDT and supports up to 25x leverage.

Samsung Electronics will introduce stablecoin support in Samsung Wallet.

According to Digital Asset, Samsung Electronics stated that Samsung Wallet will support new forms of digital value, including stablecoins, in the future, with plans to integrate payments, rewards, and digital assets into a unified experience, further expanding its financial service capabilities within the Galaxy ecosystem.

美参议员 Lummis 称 Clarity 法案道德条款仍需讨论

参议员 Lummis 表示 Clarity 法案中的道德条款及非法金融规定仍需进一步协商,民主党方面对当前版本持反对态度。

US Senate Releases Updated Clarity Bill, Incorporating Developer Protection and Digital Asset Ethics Provisions

According to The Block, Senate Republicans have released the latest text of the Clarity Act, consolidating previous versions from the Agriculture Committee and the Banking Committee, with plans to submit it for a full Senate vote as early as next week.

White House Crypto Advisor Says Democrats' Reasons for Opposing CLARITY Act Ethics Provisions "Don't Hold Up"<odatory-translate-split><p>Odaily reported that White House crypto advisor Patrick Witt posted on platform X, stating that the Democratic opposit

白宫加密顾问 Patrick Witt 在 X 平台发文表示,民主党方面对 CLARITY Act 中伦理条款的反对意见似乎主要有两种形式:(1)如果伦理条款无法由州总检察长执行,那么它就是没有意义的;(2)如果伦理条款不追究特朗普总统此前参与加密业务的行为,那么这一条款就是不可接受的。Patrick Witt 表示,如果你支持观点(1),那么实际上你是在说,所有现行联邦伦理法律都是没有意义的,因为目前这些法律没有任何一项可以由州总检察长执行。如果你支持观点(2),那么实际上没有任何措施能够满足你的要求,因为你所主张的做法明显违反宪法(参见美国宪法第一条第九款)。

The Democratic Party objects to the new version of the Clarity Act over ethics provisions, emphasizing that bipartisan support remains crucial

U.S. Senate Republicans on Wednesday released a 616-page draft of the new Clarity Act, a significant legislative development in Congress's efforts to comprehensively regulate the digital asset industry. The crypto industry widely welcomed the draft, noting it retains protections for software developers and is expected to provide long-missing regulatory clarity for the U.S. digital asset market.Crypto Council for Innovation CEO Ji Hun Kim stated that bipartisan support is "critical" for the bill's passage. Solana Policy Institute CEO Miller Whitehouse-Levine called on Congress to seize the opportunity, while Coinbase CEO Brian Armstrong remarked that the lack of a federal regulatory framework had previously allowed bad actors like FTX to harm consumers and forced a substantial amount of crypto business to move overseas.However, several Senate Democrats quickly voiced opposition, arguing that the ethics provisions in the new text addressing conflicts of interest related to Trump's crypto assets are too weak. Senator Angela Alsobrooks stated that the current proposal put forward by Republicans is still "not enough," and that provisions concerning elected officials' ethics, consumer protection, illicit finance, conflicts of interest, and market integrity all require strengthening.

Mizuho: Clarity Act Could Intensify Long-Term Competition in Stablecoins, Negative Impact on Circle

Mizuho analysts stated that if the U.S. crypto market structure bill, the "Clarity Act," is passed, while it may generally benefit the digital asset industry, the long-term impact on Circle could be negative. The reason is that regulatory clarity will attract more large institutions into the stablecoin market, further accelerating stablecoin commodification and eroding the revenue potential of Circle's USDC.Mizuho believes that the primary pressure Circle faces in the near term comes from Open USD. This stablecoin project is backed by a coalition of over 140 financial, technology, and crypto companies, with members including Visa, Mastercard, Stripe, BlackRock, and Coinbase. Unlike Circle's model, which retains approximately 38% of USDC reserve yields, Open USD employs a "pass-through" model, distributing nearly all reserve yields to distribution partners while retaining only a small management fee.Analysts also noted that Coinbase, as the largest distributor of USDC, also supports Open USD. This could give Coinbase stronger bargaining power when renegotiating its revenue-sharing agreement with Circle in the future. The distribution agreement between the two parties could be up for renegotiation as early as next month.

The U.S. House of Representatives passed a bill restricting lawmakers from trading stocks

According to Politico, the U.S. House of Representatives passed a bill on Wednesday aimed at restricting members of Congress and their families from trading stocks. However, the bill faced division within the Democratic Party, as some Democrats argued it lacked sufficient strength. The legislation, named the "Stop Insider Trading Act," is the first congressional stock trading ban bill to be voted on by the full House of Representatives. It ultimately passed with a vote of 232 to 198, with 13 Democratic lawmakers voting in favor. Among the total 93 lawmakers who co-sponsored the bill, only two were Democrats. Another, more restrictive bill—which would require lawmakers and their families to sell stocks they currently hold—garnered broader bipartisan support but failed to reach a full House vote. Most Democrats believe the passed measure is insufficient because it does not include a mandate to divest existing holdings. The bill will now be sent to the Senate for consideration. (Jinshi)

Fairshake-affiliated PAC spends over $986,000 in Michigan Democratic primary race

documents filed by Protect Progress PAC, an affiliate of the crypto-focused political action committee Fairshake, with the U.S. Federal Election Commission (FEC) show that as of Tuesday, it has spent over $986,000 to support current Democratic Representative Shri Thanedar in Michigan’s 13th Congressional District and oppose challenger Donavan McKinney. The expenditure occurs two weeks before the August 4 Democratic primary, which will determine the party’s nominee for the November general election. Protect Progress PAC spent approximately $1 million in 2024 to support Thanedar, who received 54.9% of the vote in that year’s Democratic primary and went on to secure 68.6% of the vote in the November general election. Fairshake and its affiliated organizations report having a $191 million war chest to influence key elections. Other crypto industry-related political action committees include the Fellowship, backed by Cantor Fitzgerald and Anchorage Digital, and the Blockchain Leadership Fund, supported by Anchorage and Chainlink Labs. Protect Progress PAC has also spent over $100,000 to support Arizona Representative Greg Stanton’s re-election. Meanwhile, Defend American Jobs PAC has spent over $65,000 to support Amanda McKinney, the Republican candidate in Washington’s 4th Congressional District.

ServiceNow's AI Business Annual Contract Value Exceeds $1 Billion in Q2

: Enterprise software company ServiceNow released its earnings report, with subscription revenue surging 25% year-over-year to $3.9 billion, exceeding TD Cowen's expectations of approximately $3.8 billion. Current remaining performance obligations reached $13.2 billion, surpassing TD Cowen's forecast of $13 billion.ServiceNow has raised its full-year subscription revenue guidance to $15.76 billion - $15.78 billion, with the upper end aligning with TD Cowen's estimates. The company's stock price has fallen 50% over the past year, as the market focuses on the potential substitution impact of generative AI on certain enterprise software services.OpenAI launched "Presence" on Wednesday morning, helping enterprises set up and run AI agents for automating tasks such as customer service, sales, and employee IT service request handling. ServiceNow is integrating AI into its existing products while launching new AI-driven offerings.ServiceNow stated that its AI business annual contract value exceeded $1 billion in the second quarter, and the number of customers deploying AI agents that have been put into production has grown ninefold over the past nine months. The company also signed 123 net new transactions with annual contract values exceeding $1 million, an increase of nearly 40% year-over-year.

Alibaba Qwen Team Releases Qwen Image 3.0, Supporting 4500 Token Instructions

: On July 21, the Alibaba Qwen team released Qwen Image 3.0. This model supports up to 4500 token instruction input, which is 4.5 times the processing capacity of its predecessor. It can generate complex layouts such as newspapers, storyboards, and dense infographic grids in a single run.The Qwen team stated that Qwen Image 3.0 supports precise rendering of small text at 10px, can present details like pores and hair strands, and supports LaTeX formulas along with native rendering in 12 languages. It can simulate mainstream interfaces such as web pages, games, and live streams.Qwen Image 3.0 is now available for API trial on chat.qwen.ai, but API pricing has not yet been announced. This release did not include the open-sourcing of model weights, benchmark tables, or technical reports.

US Senator Cynthia Lummis: Will Continue to Push for Bipartisan Agreement on the CLARITY Act in the Coming Days

Odaily Odaily News: US Senator Cynthia Lummis stated that she thanks Democratic colleagues for their significant contributions to the new draft of the CLARITY Act and pledged to continue pushing for an agreement in the coming days to ensure the bill can ultimately become law. Consumer protection and supporting innovation are not contradictory, and this draft bill proves that both can be achieved simultaneously. Previously, after holding a briefing call with industry stakeholders, US Senate Republicans released a new version of the CLARITY Act. The new text proposes prohibiting the President, Vice President, members of Congress, federal judges, and other officials, as well as their spouses, from receiving compensation through the issuance or sponsorship of digital assets while in office, with the relevant provisions valid until January 20, 2029. Officials subject to these restrictions must also sell their crypto assets and investments in crypto enterprises, or place them in a blind trust over which they have no control; the sale of crypto assets exceeding $1,000 must be disclosed.

Investigation of Crypto-Related Crimes Strengthened; New Law Enforcement Section Added to Bill

Odaily News: Fox Business crypto reporter posted on X platform that a new section has been added to the bill, dedicated to enhancing law enforcement's ability to investigate crypto-related crimes. This section will increase funding for state and local crypto investigations and blockchain analysis tools, establish new training programs for law enforcement and prosecutors, set up "cyber hubs" to address threats posed by state actors such as North Korea and Iran, create public-private joint task forces to coordinate efforts against crypto fraud, and require stablecoin issuers to comply with lawful orders when appropriate, including freezing, seizing, destroying, and reissuing tokens.

U.S. Senate Republicans Release Updated Version of Clarity Act

Odaily News: Fox Business crypto reporter posted on X platform that, following a briefing call with stakeholders this morning, U.S. Senate Republicans have just released an updated version of the Clarity Act. The latest text includes key provisions on ethics, BRCA, and other areas that have been under scrutiny.

US Senate Crypto Bill Proposes Ban on Federal Officials, Including the President, from Issuing Digital Assets

According to Odaily, the U.S. Senate is reviewing the "CLARITY Act," which includes a new provision that would prohibit the President and other federal government officials from issuing or promoting cryptocurrencies and other digital assets.It is reported that Republican senators updated the bill text on Wednesday. The bill is considered the first major piece of legislation in the U.S. to comprehensively regulate the digital asset market. This update marks the first time provisions have been introduced to restrict federal officials, including the President, from profiting through crypto assets.The specific implementation details and scope of application for this provision have not yet been announced. (CNBC)

Revolut valued at $115 billion, becomes Europe's most valuable private company

Odaily Odaily News Fintech company Revolut has reached a valuation of $115 billion in a secondary stock sale for employees, making it the most valuable private company in Europe. Revolut disclosed a pre-tax profit of $2.3 billion and revenue of $6 billion for 2025. Its main app allows users to trade over 200 crypto tokens, transfer assets to external wallets, and stake holdings. The company also operates a standalone crypto exchange, Revolut X. Revolut recently secured a full UK banking license and is seeking a US national banking license. The company's IPO valuation target is $200 billion.

UK Tokenized Government Bond Plan Advances, On-Chain Cash Settlement Becomes Key Bottleneck

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.