News linked to this event type.
: Polygon Labs CEO Marc Boiron stated in a post that the company's acquisition of compliance payment service provider Coinme has entered its final stage. Upon completion of the transaction, the Coinme team will be fully integrated into Polygon Labs. This acquisition and integration is part of the company's overall restructuring plan, with the core goal of driving the enterprise towards profitability by 2027.Alongside the business integration, Polygon Labs is conducting a workforce reduction today. Marc Boiron explained that the company is transitioning from a blockchain foundation to a blockchain payment enterprise. The organizational structure and talent requirements for these two types of businesses are significantly different. This workforce adjustment is driven by strategic transformation needs and is not due to employee performance issues.The official also revealed that the company's current revenue situation is improving, with stablecoin transaction volumes continuously setting new records and the rollout of on-chain payment products accelerating. The enterprise will provide severance compensation and supporting assistance to affected employees.
Coinbase stated on X platform that Marex is leveraging Coinbase infrastructure to enable clients to use USDC as initial margin for US regulated futures and options, providing its traders with a new level of capital efficiency.
Last year, U.S. President Donald Trump posted "very big and exciting news" on his Truth Social platform. This came just after computer chip manufacturing giant Nvidia (NVDA.O) announced plans to build AI supercomputers in the United States. In a post on April 15, 2025, Trump promised his over 9 million followers that "all necessary permits will be expedited and promptly delivered to Nvidia and similar companies."However, what Trump did not disclose at the time was that, just days earlier, he had purchased between $200,000 and $500,000 worth of the company's stock. An investigation by CNN found that Trump had promoted over 20 companies on his Truth Social account days after buying their stocks—sometimes announcing government actions that could benefit the very companies he had just invested in. The White House strongly denied that Trump had ever used his position for personal gain, stating that all his actions were intended to benefit the American public. White House officials said all of the president's stock trades were handled by external financial managers, and that Trump and his family had no control over specific transactions. (CNN)
Trump Media & Technology Group interim CEO Kevin McGurn stated that the company will launch a set of backend interfaces allowing financial services firms to pay for access to Truth Social’s real-time data. McGurn indicated that this marks the company's first expansion of its media business into the data licensing field. The newly launched Truth API will provide clients with real-time access to content published by the platform's top ten most popular accounts.McGurn added that clients willing to pay a higher fee in the future can obtain data access rights to more accounts. These accounts include key decision-makers who influence policy-making and geopolitical trends, such as U.S. President Donald Trump, the White House, FBI Director Kash Patel, White House Deputy Chief of Staff Dan Scavino, and Secretary of Health and Human Services Robert F. Kennedy Jr. (Axios)
ARK Invest’s Head of Research, Lorenzo Valente, recently publicly refuted a16z Crypto’s assertion that “traditional finance needs blockchain, not DeFi,” arguing that financial institutions are more likely to be built on open DeFi infrastructure in the future. Public blockchains have already demonstrated their advantages over private blockchain solutions. The growth of tokenized assets on open networks like Ethereum highlights the stronger network effects and scalability potential of public blockchains.Lorenzo Valente pointed out that the builders of the next generation of financial infrastructure may not be traditional financial institutions, but rather crypto-native enterprises, such as Circle and Coinbase.Earlier, a16z Crypto presented a differing view, suggesting that traditional financial institutions are not truly embracing DeFi, but are selectively adopting blockchain technologies that meet their existing compliance, governance, and operational requirements. Banks and asset management firms will build “programmable financial infrastructure” in the future, leveraging core capabilities of blockchain like tokenization and atomic settlement, but while maintaining permissioned management and institutional control.Sentora co-founder Jesus Rodriguez also raised objections to a16z’s stance. He argued that financial institutions might eventually adopt the underlying DeFi infrastructure and layer compliance, custody, and enterprise-grade control mechanisms on top of it.With the rapid development of RWA tokenization, on-chain settlement, and institutional-grade financial applications, the debate over the future dominance of “open DeFi architecture” versus “permissioned blockchain systems” is intensifying. (Cointelegraph)
The Crypto Innovation Council (CCI) announced that Etherealize, Hyperliquid Policy Center, and Tools for Humanity (TFH) have officially joined. CCI stated that the new members will enhance its technical expertise in the fields of on-chain finance, institutional finance, and digital identity to better support policy making.
: The South Korean Financial Services Commission has published a revision draft of the "Enforcement Decree of the Special Act on Prevention of Telecommunications-Based Financial Fraud and Refund of Damages." The plan includes transferring funds from phone scams that have been moved into crypto assets under the scope of victim compensation, and clarifies the standards for returning and valuing crypto assets. The relevant regulations are expected to take effect on October 1st.According to the new regulations, if the frozen assets are cryptocurrencies, victims will, in principle, receive compensation in the same type and quantity of assets. If the defrauded assets differ in form from the frozen assets, compensation will be made in the form of the assets actually existing at the time the account was frozen. In cases involving a mixture of cash and crypto assets, regulators will value the crypto assets based on the market price at the time of freezing to determine the final compensation amount. The South Korean Financial Services Commission stated that clarifying the asset form for return and the valuation time point will facilitate faster and fairer compensation in complex cases where funds from multiple victims are mixed. It is reported that the public consultation period for the revision draft will last until August 24th. (Etoday)
Reality, a licensed RWA protocol under Bitget, has released its latest Proof of Reserves (PoR) report. The report shows that Reality's reserve ratio has reached 100%, and its issued tokenized stocks, rToken, are pegged 1:1 to the underlying US stock assets. This reserve data is updated daily and independently verified by the US auditing firm The Network Firm. The assets are custodied with Alpaca Securities LLC, a US securities broker registered with FINRA and protected by SIPC, and regulated under New York state law, forming a transparent tripartite independent structure of issuance, verification, and custody.The US stock tokens rToken issued by Reality have been deeply integrated into the Bitget ecosystem and can be used in core scenarios such as unified account margin and staking lending. Previous data shows that within one month of listing, the assets under management (AUM) of Bitget's stock token rToken surpassed $100 million.
According to Magzter, India's Enforcement Directorate raided 19 locations between July 10 and 11 during a money laundering investigation involving online investment fraud and "work-from-home" scams, including 16 in Tamil Nadu, 2 in Kerala, and 1 in Srinagar. During the operation, approximately 335 million rupees worth of cryptocurrency and 145,000 rupees in cash were seized, over 400,000 rupees in bank accounts were frozen, and documents, electronic devices, and bank records were confiscated.
the Cardano Foundation stated it has exchanged insights with the Volvo Group on the application of blockchain technology in the manufacturing industry. Ivan Branco, responsible for information management, artificial intelligence, and data analytics for Volvo Group’s Belgian truck operations, stated that Volvo once created a proprietary cryptocurrency to internally test the supplier payment process.Ivan Branco believes that while the relevant technology is already usable, organizational culture has yet to catch up, which is more challenging to address than the technical issues. He also noted that supply chain compliance is a significant application scenario for blockchain. Shared ledgers among suppliers can enhance the transparency of component origins and reduce compliance risks associated with using parts from sanctioned countries.
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.
DeepSeek is preparing for an initial public offering on the Shanghai Stock Exchange's STAR Market, with plans to submit its application by the end of this year and potentially complete the listing as early as the second quarter of 2027.DeepSeek has initiated discussions with investors and banks regarding its IPO plans. The funds raised from the offering are intended for model research and development, talent acquisition, and computing infrastructure construction. The relevant timeline may still be subject to adjustments, and the listing plan will require regulatory approval. (The Wall Street Journal)
According to Visa's official website, Visa and Artemis jointly released a report that deeply analyzes the current status and trends of AI agent payments based on real-time on-chain data. The report indicates that AI agent payments are divided into two categories: one is "macro commerce" where agents replace users to complete tasks like booking tickets and subscriptions, similar to traditional e-commerce payments; the other is "micro commerce" such as high-frequency, low-value API calls between software, where single transaction amounts are typically less than 1 cent. On-chain data shows that the open protocol x402, incubated by Coinbase and Cloudflare and now hosted by the Linux Foundation, has processed approximately 109 million transactions since launching in May 2025, with an adjusted transaction volume of about $15 million, mainly active on the Base, Solana, and Polygon chains; the Machine Payment Protocol (MPP), jointly built by Stripe and Tempo with Visa's contribution, launched in mid-March 2026 and completed approximately 115,000 transactions within weeks, with a settlement amount of about $25,000. The report notes that blockchain settlement costs have dropped to extremely low levels, making small payments in the 1-cent to 1-dollar range economically feasible for the first time, but agent payments still face significant challenges at the legal and regulatory level regarding trust, liability attribution, and dispute resolution. Visa stated that its goal is to build a unified foundation that simultaneously supports card-native trust authorization and machine-native settlement
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.
The U.S. Commodity Futures Trading Commission (CFTC) on Tuesday suspended an emergency rule by Kalshi, preventing it from forcibly liquidating open sports event contracts held by certain Michigan residents, and requiring Kalshi to follow normal procedures to fulfill related transactions. Kalshi submitted the emergency rule on July 12, after the Ingham County Circuit Court in Michigan orally requested it to close some positions. A letter dated July 6 stated that the related transactions must be voided, canceled, and refunded. The dispute began in March, when Michigan Attorney General Dana Nessel and the Michigan Gaming Control Board sued Kalshi, alleging that its sports event contracts constituted unlicensed internet sports betting. Kalshi argues that the relevant products are federally regulated derivatives under the Commodity Exchange Act. The CFTC stated that allowing Kalshi's emergency rule to take effect could undermine confidence that completed derivatives transactions will be honored and could cause significant market disruption. CFTC Chairman Michael Selig stated that a state government cannot force a designated contract market to violate its obligations.
British fintech company Revolut announced that it has received in-principle approval from the Dubai Virtual Assets Regulatory Authority (VARA) to conduct crypto asset-related business in the UAE. The scope of Revolut’s approval includes brokerage and dealing, asset management and investment, as well as cryptocurrency trading services. Revolut stated that in the future, users in the UAE will be able to buy, sell, and hold digital assets through the Revolut App and the Revolut X trading platform. (Cointelegraph)
According to data disclosed by the Korean financial industry on July 12, as of the end of June, the combined household loan balance (excluding policy loans) of the five major commercial banks—KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH Nonghyup Bank—stood at 647.58 trillion won, an increase of 3.70 trillion won compared to the end of last year. Earlier this year, South Korea's financial regulatory authorities set a total household loan growth cap for financial institutions at 1.5% for the year, lower than the actual growth rate of 1.7% last year, aiming to curb the overly rapid expansion of household debt.Calculated based on this target, the total annual new household loan ceiling for the five major banks is approximately 4.34 trillion won. Broken down by bank: KB Kookmin Bank 909.2 billion won, Shinhan Bank 850 billion won, Hana Bank 880.5 billion won, Woori Bank 826.6 billion won, and NH Nonghyup Bank 870 billion won. However, the actual increase of 3.70 trillion won in the first half alone already accounts for 85.3% of the annual ceiling. The remaining quota for the year is only about 639.5 billion won, spread over the six months of the second half, making the available room extremely limited. (Wall Street CN)
According to Sina Finance, the US International Trade Commission (ITC) voted to initiate a 337 investigation (Investigation No. 337-TA-1511) against Certain Dynamic Random Access Memory (DRAM) Devices, Products Containing the Same, and Components Thereof (II). It is alleged that the products exported to the US, imported into the US, and sold in the US violate Section 337 of the US Tariff Act (infringing US Registered Patent Nos. 12,646,537, 12,650,937), requesting the US ITC to issue a limited exclusion order and a cease and desist order. South Korea Samsung Electronics Co., Ltd., Suwon, Republic of Korea, US Samsung Electronics America, Inc., Plano, Texas, US Samsung Semiconductor, Inc., Plano, Texas, US Google LLC, Mountain View, California, US Super Mi
Bitget has listed 16 US stock tokens, including rXBI (S&P Biotech ETF-SPDR), rDIA (SPDR Dow Jones Industrial Average ETF Trust), rKSTR (SSE STAR 50 Index ETF), rJBL (Jabil Inc.), and rKR (Kroger), covering sectors such as finance, healthcare, information technology, and industrials. It is reported that rTokens, identified by the letter 'r' + stock ticker (e.g., NVIDIA as rNVDA), are issued by Reality, a licensed RWA protocol under Bitget. They directly connect to global liquidity pools such as Nasdaq and NYSE through cooperation with compliant broker Alpaca. Their features include: underlying assets 1:1 reserved and custodied by licensed custodians, stock dividends distributed 1:1 in token form, support for synchronous mapping of corporate actions (stock splits, etc.), and holdings can serve as combined margin for unified accounts and USDT-margined contracts, allowing users to flexibly manage funds while holding global stock assets.
: The Governor of the Bank of Tanzania, Emmanuel Tutuba, stated that the central bank is finalizing the legal and regulatory framework for digital assets, with the scope of regulation covering virtual assets, cryptocurrencies, and stablecoins, in order to strengthen oversight and supervision. Emmanuel Tutuba noted that many young people are investing in related fields, and the central bank has received complaints from individuals incurring losses in cryptocurrency-related transactions. The new rules will be used to protect investors in Tanzania. He added that the new regulations will also address the risks of money laundering, terrorist financing, and other illegal activities associated with virtual assets, requiring entities involved in such activities to operate in accordance with the forthcoming guidelines.