News linked to this event type.
a new survey from GMAC shows one-third of employers are using AI to replace entry-level positions. The survey polled over 600 recruiters worldwide, with more than half recruiting for Fortune 100 or Fortune 500 companies.Data indicates that tech roles face the highest risk, with 40% of employers in that sector reporting AI is replacing entry-level positions, followed by manufacturing. Additionally, the median starting salary for graduates with a Master of Business Administration (MBA) is projected to drop from $125,000 in 2025 to $120,000 this year. Despite the changing hiring landscape, demand remains strong for graduates who possess human skills like communication, problem-solving, and adaptability, combined with AI proficiency and technical abilities. (fortune)
CZ stated in an interview that the significant downturn in the crypto market during the first half of 2026 cannot be explained by a single factor. The overall correction of approximately 50% is likely the result of multiple macro and structural factors. Geopolitical tensions, capital flowing from crypto assets into the AI sector, and the traditional four-year crypto market cycle are jointly suppressing market performance. Notably, Bitcoin has seen a clear decline from its all-time high, falling from around $126,000 last year to approximately $60,000 currently.CZ said that despite short-term price pressure, the industry's long-term trend will continue to grow. He believes that as global demand for trading and financial technology increases, the scale of the crypto industry will still expand. Currently, "emerging industries like AI are absorbing hot money from the market," but this could be a positive phenomenon in the long run. Additionally, he is optimistic about the development of prediction markets, believing they help improve price discovery efficiency and market liquidity.On the regulatory front, CZ believes the US may push forward legislative progress like the "Clarity Act" for digital assets before the end of the year, but these policies are "tactical adjustments" and will not change the long-term growth trajectory of the crypto industry. He also pointed out that countries around the world are still accelerating the development of digital asset regulatory frameworks. (CoinD)
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.
Monitoring by the PPP Prediction Market Tool shows that on Polymarket, the probability of the "Fed raising interest rates by 25 basis points at the July meeting" has dropped to 18.1%, while the probability of "maintaining the current interest rate" has risen to 81%. The total trading volume for this event has reached $21.74 million.The market currently widely expects the Fed to remain on hold at the FOMC meeting scheduled for July 28-29. Although the US CPI rose 4.2% year-over-year in May, and energy prices have surged due to tensions in the Middle East, keeping inflationary pressures alive, after the Fed kept the federal funds rate target range unchanged at 3.50%-3.75% at the June meeting, the market is leaning towards waiting for more economic data before deciding on the subsequent policy path. Key economic indicators to be released on July 14, including the US June CPI data, as well as employment and wage figures, will be important variables influencing the outcome of the July meeting.The Odaily Seer Prophets Channel continues to monitor the prediction market, seeing changes before they are priced in.
According to Hong Kong’s Ming Pao newspaper, Legislative Council member Kan Wai-man revealed that the “2026 Inland Revenue (Amendment) (Automatic Exchange of Information) Bill” was passed by the Legislative Council last week, and the Crypto-Asset Reporting Framework (CARF) bill has entered the deliberation stage. Kan Wai-man stated that from 2018 to 2025, the Hong Kong government has recovered over HK$100 million in taxes and penalties, and an additional approximately 8,000 financial institutions are expected to be required to register mandatorily in the future.
U.S. Republican Senator John Curtis and Democratic Senator Adam Schiff sent a letter on Thursday to Commodity Futures Trading Commission Chairman Mike Selig, urging the agency to investigate prediction market platform Polymarket. The letter stated that Polymarket is suspected of paying social media influencers to film fake betting videos, using fraudulent marketing tactics to promote gambling-related products to U.S. audiences.Earlier reports indicated that Polymarket paid influencers to record fake trades on websites similar to its platform, and many creators did not disclose the fact that they were paid. A review found that 70% of over 1,100 videos contained fake bets, totaling nearly $2 million. Additionally, according to sources familiar with the matter, the CFTC is conducting an ongoing and extensive investigation into Polymarket. The senators have requested that the CFTC Chairman provide a written response on related issues by July 10. (cointelegraph)
Bankless founder David Hoffman posted on X, expressing regret for not buying more Lighter (LIT).Hoffman explained that the logic behind investing in Lighter is simple:1. Exchanges have always been the best business model in the crypto industry;2. Perpetual contracts are still a brand-new track, far from reaching maturity;3. Building an exchange based on zkL2 is currently the structurally optimal solution, offering high security, low operating costs, and high profit margins;4. The product itself is also the strongest on the market, with the lowest latency, the lowest execution costs, and full transparency;5. The engineering team is highly capable, having solved all the technical challenges;6. The company is headquartered in the United States, operates in compliance, and this market remains a largely untapped blue ocean;7. It also serves as an option betting on the "Tokenization of compliant assets";8. Founder Vlad is in the right circles, knows the right people, and has the ambition to do great things.
The U.S. Commodity Futures Trading Commission (CFTC) has recently launched an investigation into the prediction market platform Polymarket, and the investigation is still ongoing.Previously, including a lawsuit filed by a consumer protection organization accepted by the Washington High Court, Polymarket has faced multiple allegations of using paid endorsements on social media for misleading promotion, specifically targeting college students. A Polymarket spokesperson responded that the company is committed to maintaining accurate, fair, and transparent markets and is currently conducting a comprehensive audit of active promotional content to ensure compliance with standards and regulatory disclosure requirements. Additionally, over a dozen U.S. states have taken legal action against Polymarket and Kalshi, accusing them of operating illegal sports betting, while the CFTC has countersued some states, asserting exclusive jurisdiction. (FT)
the MiCA regulation will officially take effect on July 1, 2026. Crypto service providers without this license will be unable to offer new services within the EU. Currently, a total of 230 MiCA licenses have been issued across Europe, with Germany leading at 56 authorizations, followed by the Netherlands with 26, France with 21, Malta with 15, Cyprus with 13, and Ireland with 12. In France, approximately 40% of previously regulated crypto service providers have not submitted license applications. This compliance upgrade has left some smaller traditional crypto institutions facing acquisition or closure. (lesechos)
several U.S. lawmakers are calling for an investigation into the prediction market platform Polymarket, citing concerns that its advertising may contain misleading content. According to reports, the lawmakers believe that Polymarket's marketing efforts may not have clearly disclosed the nature of its products and associated risks, potentially misleading users. Some legislators have requested regulatory bodies to assess the platform's advertising compliance and information disclosure standards. (WSJ)
According to Odaily, the "Trump Account" initiative launched in the United States has announced that registration and initial deposits will open on July 4th. First proposed alongside the "Great American" bill, the account allows parents to set up tax-deferred investment accounts for children under 18. Family members, friends, and employers can jointly contribute to the account, with a maximum annual deposit of $5,000, which will be adjusted for inflation in the future. Additionally, the Trump Account permits employers to provide subsidized contributions for employees' children, up to $2,500 per year. Once the account holder turns 18, the account will automatically convert into a traditional IRA structure, allowing continued investment and additional contributions. (Source: war.gov)
Galaxy Research Director stated on platform X that due to a shortened legislative calendar and increased competition for floor time from other matters, they have once again lowered the probability of the CLARITY Act passing in 2026. They still believe a vote will take place in July and hope the bill receives 60 supportive votes, but the outcome remains uncertain at this time. (Cointelegraph)
the business combination between Securitize and SPAC Cantor Equity Partners II (NASDAQ: CEPT) is expected to raise approximately $400 million (including PIPE, before deducting related expenses). Upon completion of the merger, the new company will be renamed Securitize Corp., and its common stock is planned to begin trading on the New York Stock Exchange under the ticker "SECZ" starting July 2. The CEPT shareholder meeting is scheduled to vote on the transaction on June 29, with the current redemption rate below 30%. Securitize claims to have obtained regulatory licenses related to digital securities infrastructure in both the United States and the European Union, managing over $4 billion in on-chain real-world assets. (PR Newswire)
According to Russia’s TASS news agency, the Russian Ministry of Energy has drafted a government decree that would ban cryptocurrency mining in certain areas of Moscow, Moscow Oblast, and Kursk Oblast—including Belovsky and Sudzha districts and eight other municipal districts, as well as the city of Lgov—starting July 1, 2026, through December 31, 2032. Previously, the Russian government had imposed mining bans in multiple regions, including Buryatia, Zabaykalsky Krai, and the North Caucasus, with the scope of restrictions continuing to expand. Currently, Moscow and Moscow Oblast host 65 data centers, with a total installed capacity of 734 megawatts.
The Russian Ministry of Energy has drafted a government resolution proposing a ban on cryptocurrency mining in Moscow, the Moscow region, and parts of the Kursk region from July 1, 2026 to December 31, 2032. According to the document, the ban covers multiple municipal districts and towns in the Kursk region. Previously, the Russian government had decided to implement long-term mining bans starting in 2025 in various parts of the North Caucasus, the Donetsk and Luhansk regions, the Zaporozhye and Kherson regions, and upgraded seasonal power restrictions in the Republic of Buryatia and the Trans-Baikal Territory to long-term restrictions. (TASS)
According to a notice on the SEC’s official website, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly issued a request for public comment on June 26 seeking input on further harmonizing the portfolio margining regulatory framework for securities, security-based swaps, futures, swaps, and related positions. The two agencies stated that this initiative aims to assess whether greater coordination could enhance risk management efficiency, reduce market fragmentation, and strengthen customer protection. The scope of the request for comment covers multiple topics, including existing margin methodologies, cross-product offsetting, capital and collateral treatment, clearinghouse considerations, and technical implementation. SEC Chair Paul S. Atkins stated that further harmonization of the framework could prevent jurisdictional overlap from impeding innovation and efficiency, and cross-margining mechanisms could unlock liquidity currently locked in segregated accounts. CFTC Chair Mike Selig also noted that enhanced interagency cooperation would help release underutilized capital and build a more robust risk management system. The public comment period will remain open for 60 days following publication in the <i>Federal Register</i>.
According to Odaily, the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) have jointly released a document seeking public comments on further harmonizing the regulatory framework for portfolio margin and cross-margining of securities, security-based swaps, futures, swaps, and related positions. Key areas of focus include existing portfolio margin models and practices, customer protection, cross-margining and cross-product offsets, capital and margin and collateral treatment, clearing agency and clearing organization arrangements, and technical and operational implementation. The comment period is 60 days from the date the document is published in the Federal Register.
the Australian Securities and Investments Commission (ASIC) has announced an extension of the "no-action" position for digital asset enterprises under the new licensing framework, overall extended to September 30, 2026. During this period, digital asset companies providing financial services can continue to apply for or modify Australian Financial Services (AFS) licenses, and a new operating model is permitted, allowing operations through authorized representatives or intermediary authorization arrangements of AFS licensees. The extension also applies to institutions that need to apply for a market license or a Clearing and Settlement (CS) license. Relevant entities must notify ASIC in writing of their intention to apply and conduct pre-meeting communications. ASIC stated that since the update of INFO 225 guidance in October 2025, it has received approximately 30 license applications from digital asset enterprises.
"White-Haired Stock Guru" Serenity stated that while some observations in the UBS report hold anecdotal truth, the more noteworthy trend is the increasing number of Chinese-language reports regarding the distillation of Anthropic's models. Currently, many US startups and tech companies are opting to use cheaper Chinese models (such as DeepSeek) in their AI applications, as their unit task costs are significantly lower than those of inference models from Gemini, OpenAI, and Anthropic.Serenity believes this trend, driven by capitalism, creates a "typical paradox"—companies naturally gravitate towards lower-cost solutions, thereby eroding the leading advantage of US models. He proposes that the US needs to address this on two fronts:First, build stronger access control and authentication systems, such as "heavy KYC frontier models" for domestic US use and tiered access mechanisms for allies, to reduce the risk of model distillation and misuse. This could also be accompanied by introducing an identity verification system akin to "AI-grade banking authentication" (e.g., biometrics + short-lived permission tokens) to raise the barrier for model calls, and using regulatory measures to restrict account sharing and access resale.Second, enhance the cost efficiency of inference models, allowing them to comprehensively outperform competitors like DeepSeek in both price and performance.Serenity also noted that some high-end models are currently frequently targeted for "distillation exploitation." Ideally, access to models nearing the AGI level should involve increased friction costs. In summary, the core challenge for the US AI industry lies in achieving both "low-cost inference capabilities" and establishing model access security mechanisms comparable to those in the financial system.
The Thai government has officially issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of colluding with transnational criminal syndicates to launder billions of dollars through illegal cryptocurrency "mining" activities on behalf of cross-border internet fraud and online gambling syndicates. Reuters, citing an investigation by blockchain analytics firm TRM Labs, reported that Wang Yicheng's cryptocurrency wallet received at least $9.1 million (approximately HKD 71.35 million) between 2021 and 2022, with funds linked to "pig butchering" scams.Thailand's Special Investigation Department stated in a statement that U.S. law enforcement agencies have confirmed Wang Yicheng's involvement in a digital asset fraud case. The U.S. side had previously traced the flow of stolen funds from a victim in Massachusetts to an account registered under Wang Yicheng's name and seized approximately $500,000 worth of cryptocurrency. (Lianhe Zaobao)