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CME CEO: US Perpetual Futures Approval Could Bring Tax Uncertainty

: CME Group Chairman and CEO Terry Duffy stated that the approval of perpetual futures contracts in the United States could expose traders to tax and regulatory uncertainties, as the products may ultimately be classified as swaps rather than futures. Duffy explained that buyers and sellers in perpetual contracts periodically exchange funding rates, a mechanism that aligns with the legal definition of a swap under U.S. law. The Commodity Futures Trading Commission (CFTC) currently categorizes them as futures, and CME is challenging this classification in court. Duffy noted that if perpetual contracts are treated as futures, some institutional traders may qualify for the mixed tax treatment under Section 1256 of the U.S. tax code. If classified as swaps, they may be taxed under ordinary tax rules. The Internal Revenue Service (IRS) has not yet issued specific guidance on the tax treatment of perpetual futures. Legal experts said that perpetual futures are structurally similar to swaps but serve an economic function akin to futures, making the court’s interpretation of the relevant definitions crucial. Even if the litigation clarifies product classification, the IRS may still need to issue separate tax treatment guidance.

JPMorgan: Decreased Likelihood of Clarity Act Passing This Year Hampers Crypto Market Prospects

JPMorgan has stated the decreased probability of the Clarity Act passing this year poses an obstacle to the crypto market and institutional adoption. JPMorgan indicated that the legislation would provide regulatory clarity, encouraging banks and asset management firms to expand into the digital asset space. Related delays could shift tokenization towards traditional financial infrastructure rather than public blockchain networks.

Survey: Canada Crypto Asset Ownership Rate Rises to 25%, Significant Increase Over Past Two Years

According to U Today, a newly released survey report from the Ontario Securities Commission (OSC) shows that approximately one-quarter of Canadians currently hold digital assets or crypto investment funds, representing a significant increase from 10% in 2023 and 13% in 2022.

Core Scientific Pays $41.9 Million to Terminate Block Bitcoin Mining Contract, Shifts Focus to AI Infrastructure

data center operator Core Scientific disclosed in its second-quarter regulatory filing that it paid $41.9 million to terminate the Bitcoin mining machine contract with Block and its Proto division, with related losses amounting to $41.9 million. Both the agreement and future equipment deliveries have been canceled. The agreement, announced in July 2024, originally called for Proto to supply 3nm mining chips, corresponding to approximately 15 EH/s in hashrate, and included options for additional purchases. Core Scientific stated that it will no longer invest in new mining machines to maintain or expand hashrate, will generate cash flow from existing mining machines, and will sell or retire machines as appropriate. Core Scientific's second-quarter hosting revenue increased from $10.6 million in the same period last year to $137 million, accounting for 83% of total revenue; self-mining revenue fell 66% year-over-year to $21.5 million, representing 13% of total revenue. The company stated that quarterly Bitcoin production decreased by 53% year-over-year, and it continues to shift power from mining equipment to high-density computing systems such as GPUs.

CSRC Freezes More Than 125 Million Yuan in Futu Assets Over Suspected IPO Fraud

According to the announcement by the Securities and Futures Commission of Hong Kong (SFC), the SFC issued a restriction notice to Futu Securities International (Hong Kong) Limited on July 30, 2026, prohibiting it from disposing of assets in a certain entity client's account, with a maximum frozen amount of HKD 125,247,000. The entity is suspected of participating in a fraud scheme aimed at creating a false appearance of demand for IPO shares. The SFC emphasized that Futu is not the subject of the investigation, and the restriction notice does not affect other clients. The investigation is currently ongoing.

Australian regulators filed a lawsuit against Telegram, alleging it failed to remove content supporting terrorism.

据 Cointelegraph 报道,澳大利亚互联网监管机构对 Telegram 提起法律诉讼,指控其未能移除支持恐怖主义的内容。

South Korea Includes 4 ICT Services Such as AI Voice Fraud Detection in Regulatory Sandbox Exceptions

According to Yonhap News, the Ministry of Science and ICT announced that, following written deliberation by the Second ICT Regulatory Sandbox Fast-Track Expert Committee, it approved four services for empirical special exception qualifications. Among them, the "Voiceprint Recognition Mobile Voice Fraud Detection Service" jointly applied for by Samsung Electronics and the National Forensic Service received the most attention — this service embeds an AI-trained voice fraud recognition model into mobile apps, capable of reminding users in real-time of suspected fraudulent calls; previously, as fraudsters' voiceprints were classified as personal information and could not be used without the consent of the concerned party, this special exception breaks this restriction.

Japanese game company Gumi partners with SBI to launch 300 million yen Bitcoin and altcoin fund

According to Cointelegraph, Japanese game developer Gumi announced that starting this Saturday, it will jointly operate a crypto asset fund sized at 3 billion yen (approximately $18.3 million) with SBI Financial Services, with institutions such as Daiwa Securities Group participating in the investment. The fund is operated by SBI Crypto Fund (SBI Financial Services holds 51%, Gumi's subsidiary gC Labs holds 49%), mainly investing in Bitcoin and mainstream altcoins, and adopting strategies such as staking, rebalancing, and hedging. Gumi stated that this move aims to build a bridge between the Japanese corporate sector and the crypto market, and to prepare in advance for Japan's potential future lifting of the crypto ETF ban. As of April 30, 2026, Gumi's held crypto assets have reached 14.13 billion yen, nearly doubling compared to 7.58 billion yen a year ago, with its crypto business core assets consisting primarily of XRP.

Gumi and SBI Launch Approximately $18.3 Million Bitcoin & Altcoin Fund

: Japanese game developer Gumi announced it will launch a 3 billion yen (approximately $18.3 million) crypto asset fund this Saturday in partnership with SBI Financial Services, with support from Daiwa Securities Group and other investors. The fund will be operated by SBI Crypto Fund, a joint venture in which SBI Financial Services holds a 51% stake and Gumi's subsidiary gC Labs holds the remaining 49%. The fund will primarily invest in Bitcoin and major altcoins, employing strategies such as staking, portfolio rebalancing, and hedging. Gumi stated that the fund aims to bridge Japan's corporate sector with the crypto market and establish an operational track record ahead of a potential future lifting of the ban on crypto ETFs in Japan. Gumi's crypto business also includes managing its own crypto assets centered around XRP, offering portfolio management services through Hinode Technologies, and operating a crypto investment fund. According to Gumi's latest annual report, as of April 30, 2026, the company held 14.13 billion yen in crypto assets, nearly double the 7.58 billion yen recorded a year earlier.

Hawkins County, Tennessee Passes Crypto Mining Ban Again

According to Cointelegraph, the Hawkins County Commission in Tennessee passed a resolution with a unanimous 12-0 vote on July 28, prohibiting the establishment, expansion, and operation of cryptocurrency mining facilities and data centers in unincorporated areas within the county. This is the second such ban enacted by the county since September 2025, previously primarily targeting the ExoticRidge mining company that attempted to build a facility locally.

South Korea Plans to Legislate to Grant Financial Authorities Power to Freeze Accounts Suspected of Illegal Virtual Assets

According to Digital Asset, South Korean People Power Party lawmaker Kim Sang-hoon, together with 15 lawmakers, introduced an amendment to the Specific Financial Information Act on July 28. The bill defines the unique identification number assigned by virtual asset service providers to users as an "account," and grants the Financial Intelligence Unit (FIU) the power to request payment freezes on bank accounts and virtual asset accounts suspected of being used for illegal property transfers. The freeze period is 30 days and may be extended once; financial institutions failing to execute in a timely manner will face fines of up to 100 million Korean won. The bill will officially take effect 6 months after promulgation.

SEC Chair: If the Clarity Act Is Not Passed, SEC Will Create Its Own Crypto Rules

According to Decrypt, SEC Chairman Paul Atkins stated that if Congress fails to pass the Clarity Act, the SEC is "ready at any time" to issue cryptocurrency market rules independently. Atkins emphasized that legislation is the only way to prevent the regulatory framework from shifting with changing administrations, and expressed continued optimism regarding the bill's ultimate passage. Currently, the Clarity Act passed the House of Representatives last July with a 294-134 vote, and passed the Senate Banking Committee this May with a 15-9 vote, but has not yet undergone a full Senate vote (requiring 60 votes to pass). Senate Majority Leader Thune recently hinted that the bill may not be voted on before the August recess. If passed, the bill would transfer regulatory authority over the spot market for most tokens to the CFTC, removing them from SEC jurisdiction. The SEC has made advance arrangements; the "Project Crypto" regulatory scheme advanced by Atkins has been included in the 2026 agenda, covering token registration exemptions, safe harbors, and broker-dealer custody, and is regarded as a transitional plan for the Clarity Act.

Lightspeed Partner: Blindly stacking tokens is like frantically grinding APM in games, AI's real bottleneck lies in verification capabilities

Research data shows that AI Agent Token consumption is 4 times that of ordinary conversations, while multi-agent systems reach up to 15 times; meanwhile, a 2025 analysis on AI-assisted software development found that the time engineers spend reviewing and modifying AI-generated code (accounting for 9% of programming time) is more than twice the time spent waiting for AI to generate code (4%). The author cited an economics paper by researchers from MIT, the University of Washington, and UCLA, pointing out that "the bottleneck constraining growth is no longer intelligence itself, but human verification bandwidth."

Russia Initiates Criminal Prosecution Against Durov, State Duma Recommends Citizens Stop Using Telegram Ecosystem Financial Services

Russian State Duma Committee on Information Policy Deputy Chairman Sventsov subsequently suggested that Russian citizens suspend all financial operations within the Telegram ecosystem, including paid subscriptions and purchasing TON/Gram tokens, and wait for official statements from Roskomnadzor and FSB before making further decisions.

ChatGPT and Roblox will be included in the EU's strictest content regulation framework

According to Bloomberg, OpenAI's ChatGPT and gaming platform Roblox are set to be officially designated as "Very Large Online Platforms" (VLOP) by the EU executive body under the Digital Services Act (DSA), as both have surpassed the 45 million monthly active user threshold in the EU. Insiders revealed that the designation is expected to take effect as early as August. Once designated, the two companies will face stricter regulatory requirements, including content moderation obligations, algorithm transparency requirements, and systemic risk assessments, with violations potentially incurring fines of up to 6% of global annual revenue.

Senator Lummis' X Account Hacked, Fake Solana Meme Coin Scam Deleted Within Five Minutes

According to BeInCrypto, the official verified X account of U.S. Senator Cynthia Lummis was hacked on July 29. The account briefly posted a fake Solana Meme coin promotion post named $USA Token, featuring a pump.fun minting link. The post was deleted within approximately five minutes, accumulating around 5,600 views and 37 replies during that period. Crypto community users quickly issued warnings, and there are currently no records of financial losses. Lummis's office had not released any statement as of press time. The timing of this incident is sensitive, coinciding with the stalemate of the "Digital Asset Market Transparency Act" (CLARITY Act) championed by Lummis in Congress.

US House Energy Committee Requests SpaceX Open Memphis AI Data Center for Inspection, Alleging Its Illegal Discharge Endangers Public Health

According to CNBC reports, Frank Pallone (New Jersey), the ranking Democratic member of the U.S. House Committee on Energy and Commerce, wrote to SpaceX CEO Elon Musk on July 29, requesting that he provide relevant records regarding its xAI Memphis data center by August 11 and allow an onsite visit. Pallone accused SpaceX of extensively using natural gas combustion turbines to power the Colossus and Colossus 2 data centers without obtaining permits or installing pollution control equipment, posing "significant health risks" to surrounding communities. Notably, the Trump administration's Department of Justice has sought to intervene to assist xAI in defending against relevant lawsuits filed by environmental organizations and the NAACP. A May Gallup poll showed that 70% of Americans oppose building AI data centers locally, as public resistance to the expansion of AI infrastructure by major tech companies continues to intensify.

Fiat24 suspends crypto asset deposits and new user registration, to upgrade internal risk control and compliance system

As the provider of bank account and card services for crypto wallets and payment card products such as SafePal and Bitget Wallet, Fiat24 stated that due to the growth in user base and trading volume outpacing the expansion of its risk management, compliance, and customer service capabilities, it has suspended crypto asset deposits and temporarily halted new user registrations starting July 14 to upgrade its internal control systems. Its international wire transfers, foreign exchange conversions, and P2P payments remain operational, while the resumption time for crypto asset deposits has not yet been announced.

美国联邦法院驳回 CFTC禁令申请,威斯康星州赌博法对预测市场的执法权获维持

据美国威斯康星州东区联邦地区法院 7月 28 日裁决,法院驳回了 CFTC 要求禁止威斯康星州对 Kalshi、Coinbase、Robinhood、Polymarket及 Crypto.com 等平台的体育相关事件合约执法的初步禁令申请。法院认为,CFTC 未能证明其主张——即《商品交易法》(CEA)对"掉期"的定义涵盖体育事件合约——具有胜诉可能性,且赌博监管属于州传统警察权范畴,联邦法律并未明确表示意图取代州法。此外,法院同时驳回了 Kalshi、Crypto.com 衍生品北美公司(CDNA)的介入申请及美国博彩协会(AGA)的被告介入申请。目前,CFTC 与威斯康星州的实质性诉讼仍将继续推进。

Trump says he will strike Iran hard, seeking authorization to impose tariffs on Iran

on the afternoon of July 29 local time, U.S. President Trump told the media at the White House that, because "Iran launched missiles at U.S. troops in the Middle East," the U.S. "will deliver a heavy blow to Iran," and now it is "America's turn to strike back." Trump stated, "Iran knows this strike is inevitable and has asked the U.S. not to launch an attack," but the U.S. will "teach them a lesson." Regarding the "drone attack on a liquefied natural gas tanker in Egyptian waters," Trump said he has been briefed on the matter and "the issue will be resolved." Earlier that day, Trump said in an interview that the U.S. would carry out "a powerful retaliation" and "hit Iran hard." Trump also stated that he hopes to include a clause authorizing the U.S. to impose tariffs on Iran in the sanctions bill against Russia previously pushed by the late Senator Lindsey Graham. (CCTV International News)