News linked to this event type.
The international banking communication organization SWIFT has announced that its blockchain-based distributed ledger technology is ready to enter the initial application phase. A total of 17 global financial institutions will serve as early adopters to test real-time transactions based on Tokenised Deposits.SWIFT stated that since announcing its plan to integrate a blockchain ledger into its technical system at the 2025 Sibos conference, it has taken only nine months to progress from concept design to preliminary implementation. This project aims to help financial institutions explore the application of digital assets and new forms of digital value on top of the existing trusted, secure, and global infrastructure.The first application scenario focuses on improving the efficiency of cross-border payments. As the demand from businesses and consumers for 24/7 financial services increases, traditional payment systems are constrained by time zones and operating hours. The SWIFT ledger will provide a secure coordination layer for participating banks, enabling them to facilitate round-the-clock transfers of funds based on tokenised deposits issued on their own ledgers, before final settlement through existing clearing systems.SWIFT stated that tokenised deposits were selected as the first pilot direction because they represent a regulated digital form of commercial bank money. This approach can enhance customer experience and liquidity management efficiency without altering existing compliance, credit risk, and control systems.
据 The Block报道，币安联席首席执行官 Richard Teng 表示，在币安因 MiCA 过渡截止而暂停部分欧盟服务后，相关用户提取的资金中，约 70% 流向自托管钱包，约 30% 转入持牌合规平台。
Standard Chartered stated that it maintains its Bitcoin price prediction of reaching $100,000 by the end of 2026, believing that the recent market decline triggered by Strategy's (formerly MicroStrategy) related activities is not due to a deterioration in the company's balance sheet, but rather a strategic adjustment that the market has not fully understood.Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, noted in a report that Strategy's recent behavior is disrupting short-term market expectations for Bitcoin. The market had previously accepted the company's narrative of "never selling Bitcoin," but now Strategy appears to be shifting towards a more complex capital operation model. How clearly the company can communicate this change will determine when market pressure eases.Currently, Strategy holds 843,775 Bitcoins, representing approximately over 4% of the total 21 million Bitcoin supply. From 2020 to mid-2025, Strategy's mNAV (Market Value of Enterprise / Bitcoin Asset Value) was consistently above 1, allowing the company to raise funds through stock issuances to purchase Bitcoin and achieve shareholder value growth. The commitment to "never selling Bitcoin" was central to this model gaining market acceptance. However, with the current mNAV approaching 1, the leverage effect of this financing model is weakening.Kendrick believes Strategy is transitioning from a "Bitcoin accumulation tool" to a "Bitcoin credit support tool." This involves using its Bitcoin holdings as the credit basis for its perpetual preferred stock, STRC. Currently sized at approximately $10 billion, STRC is the largest financial instrument launched by Strategy, offering an annualized dividend rate of 12%, paid semi-monthly in cash, and is designed to maintain a price near its $100 par value through interest rate adjustment mechanisms.Standard Chartered indicated that STRC is currently trading around $90, while Strategy's dollar reserve for paying dividends stands at approximately $2.55 billion, covering an estimated 17.4 months of dividend expenses.Kendrick stated that Strategy's policy adjustment allowing for Bitcoin sales does not necessarily mean the company will continuously sell. He believes that as long as the market believes the new capital structure arrangement can stabilize the STRC price, Strategy may not actually need to sell Bitcoin. He compared this mechanism to a central bank's commitment to "do whatever it takes": mere restoration of market confidence may mean actual intervention never occurs. (The Block)
U.S. prosecutors have recently filed criminal charges against a man currently serving a prison sentence, accusing him of transferring and laundering approximately $290,000 in crypto assets that had been ordered confiscated by a court.According to a statement from the U.S. Department of Justice (DOJ), Bulgarian national Rossen Iossifov is charged with, in January 2024, conspiring with others to withdraw and transfer a batch of cryptocurrency assets from his Kraken-registered account that had previously been ordered forfeited by a federal court. Prosecutors allege that these funds were subsequently funneled through cryptocurrency mixing services and trading platforms in an attempt to conceal the source and destination of the funds before the U.S. government could complete the seizure.The U.S. Attorney's Office for the Eastern District of Kentucky stated that these crypto assets were held in a Kraken account under Iossifov's name and had been restricted by judicial authorities during the related investigation. The DOJ has not yet disclosed how the account was accessed or whether the involved funds have been recovered.Iossifov was previously convicted of conspiracy to commit extortion and conspiracy to commit money laundering for his involvement in an online auction fraud ring. Prosecutors allege that his cryptocurrency exchange platform, RG Coins, helped the criminal network convert illicit proceeds into cryptocurrencies and cash, with the network defrauding at least 900 U.S. victims. Previous investigations showed that Iossifov processed nearly $5 million in crypto asset money laundering transactions in less than three years.A court had previously ordered Iossifov to pay over $2.6 million in restitution and to forfeit the related crypto assets. The new charges include obstruction of property seizure, aiding and abetting, and conspiracy to commit money laundering. If convicted, he could face a maximum of 25 years in prison.The U.S. Department of Justice emphasized that the indictment represents only charges and that Iossifov is presumed innocent until proven guilty in court. (Cointelegraph)
stablecoin issuer Circle Internet Group has received approval from the US Office of the Comptroller of the Currency (OCC) to establish a national digital currency trust bank, aiming to further expand its stablecoin business scope. Circle stated that the OCC has approved the creation of an entity to be named "Circle National Trust." The institution will operate under the federal trust bank regulatory framework, providing clients with institutional-grade services including digital asset custody.This approval means that Circle will further enter the regulated digital asset custody sector beyond its USDC issuance and payment operations, consolidating its regulatory system through a single federal trust charter. Circle CEO Jeremy Allaire has repeatedly emphasized that stablecoins are becoming key infrastructure connecting traditional finance with the on-chain economy. The acquisition of this bank charter is seen by the market as a significant step in the stablecoin company's transformation into a financial infrastructure provider. (Bloomberg)
According to official sources, Circle announced that it has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish the national trust bank Circle National Trust. The institution will initially provide digital asset custody services for Circle and its affiliates, and may open to selected institutional clients in the future based on demand.
According to The Block, UK Labour Party MPs are pushing for an amendment to the Representation of the People Act, proposing to permanently ban political parties and candidates from accepting crypto asset donations. The proposal is led by Liam Byrne, who stated that this move aims to reduce the risks of anonymous and non-compliant donations and safeguard the integrity of the UK democratic system.
Odaily Odaily reports, according to official announcement, Bitget Margin Lending has now added support for stock tokens (rToken) as collateral assets. The first batch includes 26 popular US stock and ETF tokens such as rNVDA, rAAPL, rGOOGL, and rQQQ, covering sectors including technology, semiconductors, and index funds.Users holding these stock tokens can now use them as collateral to borrow mainstream assets like USDT and USDC, thereby unlocking capital liquidity without selling their holdings. The web version of this feature is now live, and the app version will be available next week. For specific collateral parameters and more details, please refer to the official Bitget platform.It is reported that rTokens, identified by the letter "r" followed by the stock ticker (e.g., rNVDA for NVIDIA), are issued by Reality, a licensed RWA protocol under Bitget. Through a partnership with compliant broker Alpaca, they are directly connected to global liquidity pools such as Nasdaq and NYSE. Their features include: 1:1 reserve of underlying assets custodied by a licensed custodian; stock dividends distributed 1:1 in token form; support for synchronous reflection of corporate actions (such as stock splits and reverse splits); and the ability to serve as joint margin for unified accounts and USDT-margined futures contracts, allowing users to flexibly manage their capital while holding global stock assets.
According to Cointelegraph, the European Parliament passed the "Chat Control 1.0" extension bill on July 10 local time, allowing tech companies to scan user messages to detect Child Sexual Abuse Material (CSAM), with validity extended to 2028. Voting results showed 276 votes in favor and 314 against, but since blocking the bill required 361 votes, the bill was ultimately passed. Notably, the Parliament also passed an amendment explicitly excluding end-to-end encrypted communications from the scanning scope, seen as an interim victory for privacy advocates. The amended version of the bill will be submitted to the EU Council for deliberation, while negotiations on the permanent "Chat Control 2.0" bill are expected to restart in September.
: The Russian government plans to authorize the Federal Financial Monitoring Service (Rosfinmonitoring) through supporting legislation to monitor all crypto transactions, and to collect more detailed information on crypto transactions exceeding 60,000 rubles and cross-border crypto transactions exceeding 1 million rubles. Russian digital custodians and foreign financial institutions will be required to report the name or corporate name of the payer and payee, wallet address, physical address, date of birth, and tax identification number; for transactions below 60,000 rubles, only the name or corporate name and wallet address need to be provided. The bill also proposes to cap banks' digital asset exposure at 1% of the bank group's capital and expand the Russian Central Bank's authority to restrict or prohibit certain crypto transactions. The relevant law was originally scheduled to take effect on July 1, but its review has been delayed, and it may now be implemented on September 1.
10x Research released a report stating that the market generally believes Bitcoin's core value lies in hedging against currency debasement, but this is not its true investment thesis. The report argues that the core constraint facing decentralized currency is not monetary policy, but physical conditions, including energy, heat dissipation, and geographical jurisdictional limitations.The report points out that with the development of space infrastructure, the constraints of heat, electricity, and geographical limitations faced by data centers could be alleviated in orbital environments. The connection between SpaceX, Starlink, and Bitcoin may represent a long-term strategic layout centered around future infrastructure construction.10x Research believes that technologies such as satellites, encryption technology, and artificial intelligence can both promote the decentralization of power and potentially reinforce resource concentration. The world is competing around two sets of infrastructure systems.The report also compares Bitcoin with China's digital yuan, suggesting they represent different paths for digital infrastructure. It also notes that as populations gradually move away from traditional network systems, the business models of companies like Palantir may also be affected.
prosecutors from Wisconsin and New York have expressed dissatisfaction with stablecoin issuer Circle, as the company has repeatedly refused to cooperate with law enforcement agencies in recovering stolen funds.According to the report, multiple law enforcement agencies had requested Circle to help victims of fraud and hacking incidents recover their losses by burning and reissuing USDC. However, Circle declined these requests based on its own policy stance.Circle stated that modifying the blockchain ledger to reverse transactions would undermine the fundamental properties of the USDC stablecoin and could set a dangerous precedent for the entire crypto industry. This incident highlights the conflict between the immutability of blockchain and the need for law enforcement to recover assets. (Protos)
据 The Guardian 报道，英国工党议员计划于下周就《人民代表法》修正案发起反叛投票，推动政府收紧政治资金监管。核心提案包括：永久禁止加密货币捐款（而非现行临时暂停措施）、将竞选支出上限从 3400 万英镑下调至 2440 万英镑、限制新政党初始资金来源，以及引入捐款审查机制以防范外国势力干预。 此举背景为改革英国党（Reform UK）资金争议持续发酵，涉及加密货币企业家 Christopher Harborne 向法拉奇党派捐款数百万英镑，相关交易已被银行向英国国家犯罪局（NCA）举报。
According to Bloomberg, prediction market platform Polymarket is seeking U.S. regulatory approval and plans to conduct margin trading operations in compliance. The company submitted an application to operate as a Futures Commission Merchant (FCM) to the National Futures Association (NFA) on July 3 through its subsidiary Coming Home GBA LLC. This move will allow users to participate in event betting with less capital and is expected to attract more professional traders to enter the market.
amid growing insider trading concerns surrounding prediction markets, Goldman Sachs has prohibited its employees from trading prediction market contracts related to the bank's own events, elections, financial markets, macroeconomic data, and geopolitics. Financial institutions such as Morgan Stanley, JPMorgan Chase, and Bank of America are also formulating or updating relevant policies. Bank of America, in particular, has begun clarifying prohibited practices in prediction market trading to its employees.Previously, the U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice accused a Google employee of using non-public information to trade "Search of the Year" related contracts on Polymarket, profiting approximately $1.2 million. Legal experts note that the CFTC still lacks well-established case law in enforcing insider trading rules for prediction markets, and the wide variety of prediction market contracts further complicates regulatory oversight.Currently, Kalshi and Polymarket have respectively launched employment verification tools and collaborated with Chainalysis and Palantir to monitor suspicious trading activities. (CNBC)
According to CoinDesk, informed sources revealed that the latest consolidated draft of the U.S. "Digital Asset Market Transparency Act" (Clarity Act) may be released as early as next week, and the Senate is expected to advance deliberations during the week of July 20. The consolidated draft was jointly negotiated by the Senate Banking Committee and the Agriculture Committee, adding over 70 pages of content and strengthening consumer protection provisions. However, the bill still faces multiple obstacles: Democrats insist on restricting business ties between senior government officials (including the President) and the crypto industry, and the parties have not yet reached a compromise on this ethics provision; additionally, issues such as federal preemption and SEC and CFTC commissioner nominations remain unresolved, and the White House has not participated in the latest negotiations. For the bill to pass in the Senate, it must reach the 60-vote threshold, and the time window is extremely limited—with only about four weeks of agenda remaining for the Senate in July and early August, and continued infighting among House Republicans further increases legislative uncertainty.
According to Paul Grewal himself in a post on platform X, after serving at Coinbase for six years, Chief Legal Officer Paul Grewal will officially step down at the end of this month, transitioning to an advisory role, and will continue to serve on the board of Coinbase National Trust Company. During Grewal's tenure, he led the company's listing, won lawsuits against the SEC, pushed for the company's state of incorporation to move from Delaware to Texas, and actively promoted the legislative progress of the GENIUS Act and the CLARITY Act. Regarding succession arrangements, Molly White will take office as the new General Counsel, Ryan Van Grack will serve as Vice Chair responsible for global government and partner relations, while Faryar Shirzad will continue to lead the global policy team.
According to the Federal Reserve's official website, Federal Reserve Chair Kevin Warsh announced on July 9 the establishment of five monetary policy task forces, led jointly by external economists, business leaders, and former central bank officials, operating independently and providing research results to the Federal Open Market Committee (FOMC). The research directions of the five task forces are as follows: • Communication Mechanism: Led by former Governor of the Bank of England Mervyn King and others • Balance Sheet Policy: Led by Harvard University Professor Karen Dynan, University of Chicago Professor Raghuram Rajan, and others • Quality of Economic Data: Led by Harvard University Professor Raj Chetty, former Walmart CEO Doug McMillon, and others • Productivity and Employment: Led by a16z Co-founder Marc Andreessen, Microsoft Xbox CEO Asha Sharma, and others • Inflation Framework: Led by Harvard University Professor and former Chairman of the Council of Economic Advisers Greg Mankiw, Nobel Laureate in Economics Thomas Sargent, and others Warsh stated that the Federal Reserve's commitment to price stability and maximum employment is unwavering, and these task forces aim to evaluate and optimize policy tools and analytical methods to address the current important economic situation.
Odaily News: U.S. Senator Ron Wyden has sent a letter to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer, urging that any version of the "Digital Asset Market Clarity Act" considered by the Senate retain Section 604 to protect non-custodial blockchain developers who do not control user assets. Ron Wyden stated that developers should not be considered money transmitters simply because they create or publish software that allows users to manage their own digital assets. Coin Center Executive Director Peter Van Valkenburgh, the DeFi Education Fund, and Galaxy Digital Head of Research Alex Thorn have expressed support for this stance. Alex Thorn also noted that supporting developer protections does not mean Ron Wyden will endorse the entire CLARITY Act. Ron Wyden further stated that the provision does not protect developers involved in illegal activities and can direct law enforcement resources toward criminals and unlicensed money transmission businesses, rather than neutral software developers. (Bitcoin.com News).
: Federal Reserve Chairman Kevin Warsh has formed five working groups to conduct a comprehensive review of the Fed's monetary policy operational mechanism, covering areas such as balance sheet management, policy tools, and the impact of AI. Each working group will operate independently, conduct fact-based research, and submit analysis results to the Federal Open Market Committee. The team members include multiple economists and former central bank officials. Among them, Harvard University economist Raj Chetty will co-lead the data working group, tech investor Marc Andreessen will be responsible for the productivity and employment working group, and former White House Council of Economic Advisers Chairman Greg Mankiw will co-lead the inflation working group.