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Cross-chain protocol Allbridge confirms $1.65 million loss from liquidity pool and plans to deprecate old architecture

the cross-chain protocol Allbridge has issued an official statement confirming that an attacker has withdrawn approximately $1.65 million in assets from the Allbridge Core liquidity pool. A detailed analysis of the incident is currently being compiled, and the full investigation results will be published subsequently. The team emphasizes that there is no further risk to current user liquidity and that the Allbridge Next service is operating normally.In response to this incident, Allbridge plans to relaunch the Core version but will remove the liquidity pool design. Future cross-chain transfers will be facilitated via Circle CCTP and the LayerZero router to eliminate the risk of liquidity pool imbalance and the model vulnerabilities exploited in this attack. This incident has accelerated the previously initiated migration plan to fully transition to the more secure new infrastructure, Allbridge Next. According to the plan, Allbridge Core and Allbridge Classic will cease operations in their current form within the next three months, and users are advised to withdraw their relevant liquidity in advance.It is understood that this attack has exposed the risks inherent in the traditional cross-chain liquidity pool model and has further driven the protocol's transition towards a cross-chain architecture based on message passing and native asset transfer.

U.S. Senator: CLARITY Act Will Ensure Customer Crypto Assets Remain Theirs Even If an Exchange Goes Bankrupt

Odaily News: U.S. Senator Cynthia Lummis has stated that the CLARITY Act will change how customer crypto assets are treated when a digital asset platform enters bankruptcy proceedings, ensuring that customer assets should continue to belong to the customers rather than being included in the company's bankruptcy estate. The bill requires regulated digital asset intermediaries to treat customer cash and digital assets as customer property, segregated from the company's own assets. It generally also prohibits brokers, dealers, and exchanges from using customer assets for their own benefit or for the benefit of others without authorization. The bankruptcies of Celsius and Voyager previously sparked disputes over the ownership of customer deposits. In January 2023, U.S. bankruptcy Judge Martin Glenn ruled that cryptocurrency deposited into Celsius Earn accounts became company property under the terms of use, affecting approximately 600,000 Earn accounts and roughly $42 billion in assets. Lummis stated that the CLARITY Act also aims to provide regulatory certainty for developers, enhance investor protection, and improve market integrity. The bill will clarify the respective responsibilities of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in different areas of the crypto market. It has already passed the House of Representatives but has not yet passed the Senate.

The CLARITY Act has not yet been scheduled for a Senate vote, with only 14 working days remaining before the August recess.

Bitcoin News posted on X, citing @EleanorTerrett, that the CLARITY Act has not yet been scheduled for a full Senate vote, nor has its legislative text been updated, with multiple key provisions still under negotiation. Lawmakers will enter the August recess after 14 working days. Currently, the biggest point of contention remains ethical issues, as legislators continue to negotiate rules to prevent government officials from profiting from digital assets. Some are still hoping for a vote this week, but many on Capitol Hill believe the window of opportunity is narrowing. If the bill is not brought before the full Senate next week, its chances of passing before the August recess will significantly diminish.

Musk Acquires Mobile Power Generation Company APR Energy in Deal Valued at No Less Than $1 Billion

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)

Vietnam Issues Administrative Penalty Regulations for Crypto Violations, Effective from September 1

According to Cointelegraph, Vietnam promulgated Decree No. 284/2026/NĐ-CP on July 16, officially establishing an administrative penalty framework for cryptocurrency violations, providing a legal basis for enforcement for the upcoming regulated crypto market. Under the decree, investors trading through unlicensed platforms face maximum fines of 50 million Vietnamese dong (approximately $1,900); unauthorized issuance of crypto assets and serious anti-money laundering (AML) violations face maximum fines of 200 million Vietnamese dong (approximately $7,700); authorities are also authorized to suspend relevant activities, revoke licenses, and confiscate assets. The decree will officially take effect on September 1. In terms of background, Vietnam opened applications for domestic crypto exchange licenses this January, and Deputy Minister of Finance Nguyen Duc Chi previously stated that the first batch of regulated activities is expected to launch in the third quarter.

Tether Gold recognized by Abu Dhabi Global Market as an Accepted Spot Commodity

Stablecoin issuer Tether announced that its gold token, Tether Gold (XAU₮), has been recognized as an "Accepted Spot Commodity" by the Abu Dhabi Global Market (ADGM), opening channels for regulatory-compliant enterprises within ADGM to offer services related to XAU₮.Tether stated that this recognition was obtained after continuous communication with ADGM and demonstrating its operational resilience, transparency, and compliance framework. It will help enterprises that have obtained relevant regulatory licenses support XAU₮ products and services in a regulated environment. Previously, the ADGM Financial Services Regulatory Authority (FSRA) had recognized Tether's USD stablecoin USD₮ as an "Accepted Fiat Referenced Token." This recognition of XAU₮ further expands the application scope of Tether's products within the regulated ecosystem of ADGM.

White House has not yet reached consensus on ethical parameters; the industry is still awaiting updated Clarity Act text

Fox Business crypto reporter posted on platform X, stating that after President Trump met with Republican senators last Thursday, the White House has not yet reached an agreement on ethical parameters. The industry is still awaiting the updated version of the bill text.

Clarity Act Senate Vote Pending, White House Ethics Provision Negotiations Deadlocked

As reported by Crypto in America, with only 14 working days remaining before the Senate's August recess, the U.S. crypto market structure bill, the "Clarity Act," still has no confirmed voting date, the latest bill text has not been released, and negotiations on core disputes remain deadlocked. The core sticking point lies in the ethics provisions—relevant clauses aimed at preventing government officials from profiting from digital assets have not yet received White House backing. Last Thursday, Trump held a closed-door meeting in the Oval Office with Senators Cynthia Lummis, Bernie Moreno, the White House Chief of Staff, and others, but as of now, the White House has not clearly stated which ethical parameters it supports. Other major points of contention include: • Whether the BRCA (Blockchain Regulatory Certainty Act) can be retained, as it is currently publicly opposed by the National Sheriffs' Association, which calls cryptocurrency the "cartel's currency of choice" • Certain provisions of the Agriculture Committee, involving conflict of interest issues such as crypto exchange vertical integration, related-party transactions, and state law preemption • Whether the support votes of Democratic Senators Warner and Cortez Masto can be secured, as their stance depends on whether the bill adequately addresses law enforcement's concerns regarding illicit finance The prevailing view on Capitol Hill is that negotiating parties must complete the groundwork for procedural votes before this weekend, otherwise the bill will miss the final window of opportunity before the August recess.

Approximately $764 million stolen from crypto projects in Q2, with 88.3% involving keys, signers, and infrastructure

in its Q2 2026 Security and Compliance Report, Hacken stated that institutional investors are expanding their due diligence scope from smart contract audits to continuous monitoring, signer control, and incident response preparedness. Among the 1,427 projects it tracked, only 9% had third-party monitoring, and 4% had monitoring, active bug bounties, and security audits simultaneously. The report shows that of the approximately $764 million stolen in Q2, 88.3% involved compromised keys, signers, and infrastructure.Hacken noted that 14 projects attacked in Q2 had previously completed audits, but most of the losses originated from areas outside the scope of traditional smart contract reviews. The report states that the affected components included signing devices, cross-chain bridge validators, backend infrastructure, admin keys, and deprecated but still active old contracts. The sample covered 1,427 projects with a market cap exceeding $1 million, listed among the top 50 centralized exchanges on the CoinGecko Trust Score, excluding wrapped assets, stablecoins, and tokenized real-world assets.

Vitalik: The Ideal Far Future of AI Results in Deep Integration of Humans and Machines While Preserving Global Pluralism

Vitalik stated on platform X that one direction for future AI development is a deeper integration of humans and machines, including computers working more collaboratively with humans, identifying conscious and subconscious signals emitted by humans, brain-computer interfaces, and computer-assisted telepathy that helps multiple people better understand each other and cooperate. Its ultimate form is to eliminate the binary division between humans and machines and open up various positions on this spectrum.Vitalik hopes that deeply integrated humans and machines can outperform separate humans and machines, and this should continue until the technological ceiling is reached. The far-future AI outcomes he envisions include: global political and economic pluralism is preserved, with no single company or government dominating; humans can choose to accept technological upgrades to explore the universe at a level competitive with pure machines, or maintain the status quo and act in the world through robots that take orders; most of the Earth could become highly regulated nature reserves, where people can continue their current lifestyle, and those who wish to do more radical things would go to space.AI itself may become too powerful compared to other alternatives, a certain country or company may gain a decisive advantage and lock it in permanently, powerful technological means could cause incalculable harm, and the path of human-machine integration itself may not retain enough humanity, ultimately becoming just another way to create powerful robots. Therefore, he hopes to pass through this narrow passage at a slower pace and is supportive of proposals for deceleration or moratorium, including ideas like Mutual Assured Compute Destruction that can provide braking opportunities.Vitalik stated that his ideal world is one where open-weight models prevail, and Dean Ball's judgment that open-weight models have a decelerationist effect by curbing capital expenditure on frontier models is completely correct, even though it will drive more capital expenditure on peripheral devices and applications. This can achieve deceleration without resorting to harsher political means. However, he believes one should not expect the world to naturally provide convenient economic and physical laws. Humanity still has a certain degree of agency over political laws, and there are many ways to change incentives without letting a single authority take control, and these should be utilized.

FATF Releases Seventh Update Report on Implementation of Virtual Asset Standards, Calls for Plugging Regulatory Loopholes

According to the latest report released by the Financial Action Task Force (FATF) on July 16, FATF conducted the seventh targeted review on the implementation of Recommendation 15 (R.15) across global jurisdictions. The report points out that since the last update in 2025, countries have continued to advance in the regulation of Virtual Assets (VA) and Virtual Asset Service Providers (VASP), including conducting risk assessments, improving licensing and registration frameworks, implementing the Travel Rule, and strengthening enforcement actions. However, the report also points out that significant gaps still exist, mainly reflected in: the difficulty in effectively translating risk assessment outcomes into mitigation measures, insufficient implementation of licensing and registration frameworks, difficulties in identifying entities engaged in VASP activities, and insufficient effectiveness of risk-based supervision and enforcement. Regarding emerging risks, the report focuses on the following areas: the intensified "industrialization" trend of organized crime groups using virtual assets to commit fraud, increased risk of stablecoin abuse, risks associated with non-custodial wallet peer-to-peer (P2P) transactions, offshore VASPs operating outside regulatory oversight, and ongoing challenges in the DeFi sector. FATF calls on the public and private sectors to jointly strengthen the implementation of R.15, enhance risk mitigation capabilities, and deepen domestic, international, and public-private cooperation mechanisms.

The Russian State Duma will hold final deliberations on the crypto regulatory bill on Tuesday

Odaily News: The Russian State Duma will conduct the second and third readings of the cryptocurrency regulatory bill on Tuesday. Entitled "Digital Currency and Digital Rights," the bill includes rules for investors and provisions related to cross-border payments. The bill proposes restrictions for non-qualified investors, including an annual cap of 300,000 rubles (approximately $3,800) on cryptocurrency purchases through a single intermediary and a cap of 100,000 rubles on outward transfers. For qualified investors, the purchase limit is 3 million rubles, and the limit for outward transfers is 1 million rubles. If the bill is approved, Russia will establish a legal framework for crypto activities, covering investor rules and regulations for cross-border trade operations. The main provisions of the bill are expected to take effect on September 1, and it will also allow enterprises that supply goods to Russia to use crypto assets.

FATF: 83% of Surveyed Jurisdictions Have Advanced Crypto Regulation and Travel Rule Implementation

the Financial Action Task Force (FATF) has released its seventh targeted update on the implementation of standards for virtual assets and virtual asset service providers, stating that 83% of surveyed jurisdictions have advanced their crypto regulation and Travel Rule implementation, while another 11 jurisdictions are still progressing related work. The FATF stated that jurisdictions need to continue advancing the supervision, licensing, and registration of Virtual Asset Service Providers (VASPs) to close gaps exploited by threat actors for illicit purposes. The report also highlighted challenges in regulating offshore VASPs and cases of stablecoin misuse, including a money laundering node in Cambodia that issued and promoted a stablecoin claiming to be resistant to asset freezes.

Zilliqa: Security Incident at CEX Partner's Cold Wallet, Some ZIL Stolen

according to Zilliqa's monitoring, it has learned of a security incident involving a CEX partner, where some ZIL has been stolen from a cold wallet. The incident is currently under investigation, and the team is working with relevant parties to determine the root cause and the scope of the impact. As a precautionary measure, Zilliqa has notified all CEX partners to temporarily suspend ZIL deposits and withdrawals to prevent the stolen funds from being transferred or sold through centralized platforms. The official stated that further updates will be released after verifying the information and reminded the community to only follow information published through official channels.

巴西证券委员会成立代币化工作组,60 天内提交实验性监管框架

据巴西证券委员会(CVM)官网消息,CVM 于2026年 7月 17 日正式成立证券代币化工作组(GTT),旨在围绕分布式账本技术(DLT)开展研究、测试及规范制定工作,涵盖证券的登记、托管、交易与清算等环节。工作组初始运行期为 120 天,可延期 30 天,汇聚 CVM 内部 14 个部门代表,并将邀请政府机构、自律组织及市场专家参与。首项任务为在成立后 60 天内向 CVM 委员会提交证券代币化实验性监管框架方案。CVM 主席 Otto Lobo 表示,代币化是资本市场最重要的结构性变革之一,需要同等创新的监管应对。

Bitget Trading Bots Now Support US Stock Tokens (rToken) Smart Positioning Feature

According to the official announcement, the Bitget Trading Bot now supports smart holdings for US stock tokens (rTokens). It has also simultaneously launched multiple recommended portfolios, including the US Stock Top 10 Giants Mag 10, Serenity Holdings, Musk Concept, and more, enabling users to copy holdings with one click and automatically manage positions. Users can navigate to "Trading Bot" and select "Smart Holdings", choose a desired portfolio from the recommendations, enter the investment amount, and establish the position. Alternatively, they can create manually by configuring supported stock rTokens and cryptocurrencies, setting target allocations and rebalancing conditions for each asset, and completing the creation. App users can upgrade to the latest version to experience this feature. It is reported that rTokens, identified by the letter "r" plus the stock ticker (e.g., Nvidia as rNVDA), are issued by Reality, a licensed RWA protocol under Bitget. They connect directly to global liquidity pools such as Nasdaq and NYSE through cooperation with the compliant broker Alpaca. Features include: underlying assets reserved 1:1 and custodied by licensed institutions, stock dividends distributed 1:1 in token form, support for synchronized mapping of corporate actions (stock splits, etc.), and holdings can serve as joint margin for Unified Accounts and USDT-margined contracts, allowing users to flexibly manage funds while holding global stock assets.

Japanese logistics giant AZ-COM Maruwa plans to adopt Yen stablecoin JPYC for corporate payments

According to CoinDesk, Tokyo-listed logistics company AZ-COM Maruwa Holdings (9090) announced plans to use the regulated yen stablecoin JPYC to make payments to its approximately 2,300 partners (including subcontractors and truck drivers). The company has provided delivery services for Amazon Japan since 2017, with revenue reaching 230.5 billion yen (approximately $1.4 billion) in the previous fiscal year.

JustLend DAO's fourth repurchase and burn completed, JST cumulative deflation exceeds 17%

Odaily News on July 20th, according to official sources, JustLend DAO, a core project in the TRON ecosystem, has completed four consecutive rounds of efficient repurchase and burn plans. Over 17% of the total supply of $JST has been permanently removed from circulation, marking another milestone in the deflationary process. All funds for this round were raised in compliance with previously approved community mechanisms, with full transparency on-chain, and the burn data can be verified at any time. As a cornerstone of the TRON DeFi ecosystem, JustLend DAO will continue to optimize its repurchase and burn mechanism, driving the ongoing deflation of the token economic model as the market evolves, building a more stable long-term value expectation for JST holders.

MetaMask team infiltrated by North Korean hacker aftermath: hacker's identity was publicly exposed as early as September 2025, yet still bypassed background checks to enter MetaMask through outsourcing in March this year

that, according to DeFi researcher @Zun2025 posted on X platform, "MetaMask hired a DPRK-linked hacker as a developer without even conducting a proper background check that could have revealed his identity.The hacker's GitHub username is imyugioh, and he has been publicly listed on the Lazarus Group website since September 2025, yet MetaMask still hired this individual in March 2026. Source: lazarus.group/team/mauro-liu. Imagine that one of the largest wallets granted core code repository access to someone already on a publicly known list of DPRK hackers. Now think about what might happen to those small protocols with absolutely no security teams."Earlier reports stated that a North Korean hacker, Tyler Knapp, infiltrated the MetaMask team. He entered MetaMask through a long-term cooperating human resources supplier via an outsourcing arrangement, bypassing the background checks of the company's direct recruitment process. He worked at the company for a month and participated in the development of the wallet's fiat on/off ramp functionality. During this period, his IP address and behavioral anomalies were detected by the company's security monitoring. The company immediately revoked all his access permissions and suspended the release of all products he had worked on. No substantial data or financial losses have been caused so far.

Polymarket shows "US government will ban open-source AI models in 2026" probability currently at 16%

The PPP Prediction Market Tool monitors that on Polymarket, for the event "Will the US government ban open-source AI models in 2026?", the "Yes" probability is currently at 16%.According to the resolution rules, if the US federal government, before December 31, 2026, through legislation, executive orders, export controls, or other formal policy actions, restricts the US public's access or use of a specific open-source AI model, the market outcome will be resolved as "Yes." Otherwise, the market outcome will be resolved as "No." Eligible open-source AI models refer to general-purpose large language models or multimodal foundation models whose model weights and source code are publicly downloadable and can be run on hardware under user control, such as Meta Llama, Mistral, DeepSeek, Qwen, etc.Recently, the open-source Kimi K3 model launched by Moonshot AI has drawn market attention to whether it will impact closed-source AI. OpenAI's Director of Strategy, Dean W. Ball, stated on X platform that the US government might adopt soft legal measures to prevent open-source models from entering the US. David Sacks, Chairman of the President's Council of Advisors on Science and Technology, believes that using regulatory uncertainty to suppress open-source competition is "unacceptable."Join the PPP Signal Push Community to stay ahead and seize the opportunity.