News linked to this event type.
The Reserve Bank of India stated in a submission to the Parliamentary Committee that it supports a restrictive regulatory approach leaning towards prohibition, recommending that banks and other regulated financial institutions should not hold, trade, or deal with crypto assets and privately issued stablecoins to mitigate potential contagion and financial stability risks.
According to an official announcement, Gate's stock product has officially launched a limit order function, allowing users to set their own buy or sell prices. When the market price reaches the designated price level, the system will automatically execute the order according to market matching rules, helping users formulate trading strategies more flexibly and seize market opportunities. The newly launched limit order function also supports placing orders in advance without real-time market monitoring, effectively enhancing the ability to control trading prices, reducing execution discrepancies caused by short-term market fluctuations, and making it more suitable for medium-to-long-term positioning and key price level trading. Users can place orders via 【Stock】 - 【US Stocks/HK Stocks/Korean Stocks】 - 【Limit Order】. The App needs to be upgraded to v8.26.5 or above to experience the feature.Gate Stock has formed a 7×24-hour trading service system covering three core markets: US stocks, HK stocks, and Korean stocks. It supports over 10,000 US stocks and ETFs, over 1,500 HK stocks, and over 1,000 Korean stocks, covering a total of more than 12,500 global stocks and ETF assets. Users can participate in global stock investment in one stop using USDT through their unified Gate account, support fractional share trading with a minimum of 0.01 shares, and enjoy stock dividend rights. The platform also supports cross-broker securities transfer for US and HK stocks, and supports corporate actions such as stock splits and reverse stock splits, further optimizing the stock investment service experience.
According to PYMNTS, the new crypto tax in Illinois, US will take effect on January 1, 2027. Law firm Jones Day stated that any brokers with business exposure in Illinois should initiate registration preparations as soon as possible and review existing record-keeping processes to meet upcoming compliance requirements.
the Central Bank of Brazil has issued Resolution No. 580/2026, classifying companies providing virtual asset services and their controlling groups as Type 3 institutions, subjecting them to the same requirements as securities brokers, securities distributors, and foreign exchange brokers. Starting January 1, 2027, relevant institutions must comply with prudential requirements such as risk management rules, capital requirements, and information disclosure policies. By June 30, 2028, VASPs will be placed under Segment 4 regardless of their size and will not be eligible for the simplified compliance regime of Segment 5 for low-risk institutions. (Bitcoin.com News).
BTSE is a global blockchain technology enterprise covering exchanges, payment solutions, and blockchain infrastructure development. This license acquisition further enhances its global compliance layout and lays the foundation for expanding into the Southeast Asian market and promoting the localization of digital asset services.
Binance has withdrawn its MiCA license application in Greece due to approval delays and regulatory uncertainty, and was forced to suspend some services and new registrations for EU users just days before the July 1 deadline. Gillian Lynch, Binance’s Head of Europe, stated that MiCA’s success should be measured by how many crypto companies are brought into the regulatory framework. She also defended Binance’s financial crime control measures, refuting allegations made in a recent Wall Street Journal report.Lynch said that excluding Binance from MiCA would harm the European crypto market by removing key liquidity and infrastructure, and reiterated that Binance remains committed to obtaining new licenses and staying in Europe. (CoinDesk)
According to Binance's official announcement, Binance will expand the scope of the Monitoring Tag on July 3, 2026, adding four tokens: Anchored EUR (AEUR), Vulcan Forged PYR (PYR), Secret (SCRT), and Vanar (VANRY). The volatility and risk of the above tokens are significantly higher than other listed tokens, and they will be continuously monitored and regularly reviewed. Users must pass a quiz and accept the terms of service every 90 days on the Binance Spot and Margin platforms to continue trading the relevant tokens.
The Securities and Futures Commission of Hong Kong released the "2025 Asset and Wealth Management Activity Survey", which shows: 1. Hong Kong's total assets under management in 2025 increased by 20% year-on-year to a historical high of 42.2 trillion HKD (5.4 trillion USD), with part of the growth momentum coming from net fund inflows, which surged 193% year-on-year to 2.1 trillion HKD (265 billion USD), marking the third consecutive year of increase; 2. Assets under management for asset management and fund advisory businesses increased by 19% year-on-year to 31 trillion HKD (4 trillion USD); 3. Assets under management for private banking and private wealth management businesses increased significantly by 24% year-on-year to 12.9 trillion HKD (1.7 trillion USD); 4. Net asset value of authorized funds increased by 38% to 2.3 trillion HKD (292 billion USD); 5. Net fund inflows in the asset management and fund advisory business segment surged 330% to 1.38 trillion HKD (177.3 billion USD); 6. The number of institutions licensed to conduct asset management (Type 9 regulated activity) increased by 7% year-on-year to 2,358.
U.S. Treasury Secretary Scott Bessent stated in an interview with CBS News that the recently disclosed revenue of approximately $1.4 billion earned by President Donald Trump through crypto projects poses no problem for the president. The financial disclosure shows that since the start of his second term, Trump has earned around $1.4 billion from crypto ventures, including the TRUMP meme coin and World Liberty Financial.Congressional Democrats have criticized this, arguing that there is a conflict of interest given that the current administration is seeking to ease cryptocurrency regulations. White House spokesperson Anna Kelly responded by stating that the disclosure reveals no conflict of interest. Additionally, Bessent expressed optimism about the U.S. economic outlook and noted that over 6 million Trump Accounts have been opened, a project aimed at helping minors invest in the stock market to improve financial literacy. (cbsnews)
: Music streaming platform Spotify has deleted over 500,000 fake streams for the song "Earrings" by musician Malcolm Todd. The song had been pushed to the top of the charts. Spotify's investigation found that the stream manipulation was linked to prediction market betting activities, where traders on the Kalshi platform placed bets on which song would become the most-streamed track on Spotify in the US in June. The market had a trading volume of $3 million. Before Spotify completed its investigation, Kalshi declared Todd the winner and settled the market based on the manipulated data. After discovering the issue, Spotify requested that Kalshi and Polymarket remove their branding and clarify that there is no partnership between them. Kalshi stated it is cooperating with the investigation, while Polymarket has not responded.
According to a post on the official blog of the International Monetary Fund (IMF), Tobias Adrian, Director of the IMF's Monetary and Capital Markets Department, wrote that asset tokenization is not merely a technical upgrade but will fundamentally alter the structure of the global financial system. When financial assets are transferred to shared digital ledgers, the three major processes of execution, clearing, and settlement can be completed simultaneously, and risks will shift centrally from the balance sheets of institutions such as banks to platforms and smart contracts. The article also warns that while tokenization eliminates friction, it also removes buffer mechanisms, leading to real-time liquidity demands and accelerated risk transmission. For emerging market countries, the risks of rapid cross-border capital flows and erosion of monetary sovereignty are particularly prominent. The IMF emphasized that current policy choices will determine whether tokenized finance strengthens or fragments the global financial system, and countries need to establish coordination mechanisms as soon as possible on core issues such as the roles of public and private money, interoperability, legal frameworks, and liquidity support.
According to bits.media, Russian Central Bank Governor Elvira Nabiullina stated at the Russian Central Bank Financial Congress that the central bank is studying the possibility of using stablecoins for cross-border settlements, but only as a supplementary tool to the digital ruble, expressing "caution" regarding their application in domestic settlements. The central bank has proposed a stablecoin regulatory framework, requiring all transactions to be conducted through legal exchanges or exchangers under state supervision. Currently, the Russian State Duma is deliberating a cryptocurrency regulatory bill, but clauses on state control of stablecoins have not yet been included; the law originally scheduled to take effect on July 1 has not yet completed its second and third readings.
The Irish Criminal Assets Bureau (CAB) stated that it has recovered another 500 BTC, worth nearly $31 million, from the lost crypto assets of convicted drug trafficker Clifton Collins. To date, the agency has recovered a total of 1,500 BTC in this case, valued at over $92 million at current prices.This operation was supported by Europol's European Cybercrime Centre. Europol stated that it organized operational meetings at its headquarters in The Hague and provided investigators with complex technical support and decryption resources to help them access the relevant wallet assets.The case involves 12 Bitcoin wallets accumulated by Collins from the proceeds of selling and cultivating cannabis, which initially held a total of 6,000 BTC. Previously, Irish authorities had recovered 500 BTC each in March and May.Arkham data shows that approximately 4,500 BTC remain in dormant wallets, valued at over $275 million.
According to JPMorgan analysts, Michael Saylor’s Strategy recently officially launched a Bitcoin sale policy, transforming the company from a pure BTC buyer into a potential seller, introducing an “avoidable two-way risk” to the crypto market.Strategy’s Bitcoin sale policy, named the BTC Monetization Program, allows the company to sell Bitcoin to raise up to $1.25 billion in cash reserves. These funds will be used to pay preferred stock dividends and interest expenses, or to repurchase preferred and common shares, in order to optimize its capital structure.JPMorgan believes that Strategy’s potential future sale of BTC will increase market uncertainty and volatility regarding the price of Bitcoin. Analysts stated that if the company had instead supplemented its future dividend payment reserves by issuing equity, this risk could have been avoided.Strategy currently has a minimum cash reserve target covering 12 months of preferred stock dividends and interest expenses, with its current cash reserves of $2.55 billion sufficient to cover approximately 17 months of dividends. JPMorgan believes the company should increase its cash reserves to cover 24 to 36 months of related obligations. Even if this results in the common stock trading at a discount to net asset value, it would provide greater assurance to investors that the company will not be forced to sell Bitcoin in the short term.
U.S. CFTC Chairman Michael Selig has criticized Illinois for passing a 0.2% tax on cryptocurrency transactions, stating that the state's lawmakers have "hit the brakes on technological progress" and put local residents at a disadvantage in future digital asset innovation.Illinois Governor JB Pritzker signed the "Digital Asset Tax Act" last month as part of the state's fiscal year 2027 budget plan. The act imposes a 0.2% tax on crypto transactions and is scheduled to take effect in January 2027.Selig stated that just as the internet changed the way information is transferred, blockchain will change the way value is transferred. He believes that in the future, almost all assets, from commodities and currencies to stocks and bonds, could be tokenized. He argued that Illinois' move diverges from Washington's direction of promoting digital asset innovation and could lead to capital, businesses, and tech talent flowing to other jurisdictions.Previously, industry organizations such as the Crypto Council for Innovation, the Digital Chamber, and the Illinois Blockchain Association also strongly opposed the tax, warning that it could become one of the most stringent and anti-crypto state-level tax systems in the United States. (The Block)
David Sacks commented on X platform regarding an interview with Palantir CEO Alex Karp, stating that some traditional media interpreted it as an "emotional expression," but in reality, his views revealed the core issue of enterprise-grade AI security.Sacks stated that true enterprise AI security is not about abstract "AI alignment" research or government-style regulatory frameworks, but rather about enterprises having complete control over their own data, model weights, and computing infrastructure to prevent core intellectual assets from being absorbed by model vendors and turned into their own product advantages.He cited Karp's view, pointing out that what enterprise customers truly care about is having control over computing resources, models, and the data stack—ensuring that "ownership of the means of production" is not transferred.Sacks also cited the cooperation dispute between Figma and Anthropic as an example, noting that according to media reports, Anthropic "caught its partner off guard" when launching Claude Design. It was accused of encroaching into the application-layer domain occupied by its ecosystem partners during product expansion, leading to a shift in the value capture structure.He further pointed out that similar patterns have appeared in the expansion of product lines such as Claude Code and Claude Legal, where model capabilities extend upward into vertical application domains.Sacks believes that this trend indicates model vendors are transitioning from "foundation model providers" to "vertical application competitors," exposing enterprise customers to heightened risks of supplier lock-in. The essence of enterprise-grade AI security is not trusting the long-term promises of model vendors, but ensuring choice and control at the model layer to protect their own data and commercial "alpha."
Digital asset tokenization platform Securitize announced it has officially become a public company and is listed on the New York Stock Exchange under the ticker symbol SECZ. The company stated that its core direction remains unchanged and it will continue to build compliant infrastructure for the next-generation capital market.
U.S. Senator Elizabeth Warren has urged Federal Reserve Governor Christopher Waller to cease his efforts to reform the operational structure of the 12 regional Federal Reserve Banks. As the leading Democrat on the Senate Banking Committee, Warren wrote to Waller on Wednesday, stating that his proposed reforms to the Federal Reserve System may conflict with federal law and suggested that they could undermine the Fed's independence.Although Waller, as chairman of the Federal Reserve Board’s Reserve Bank Affairs Committee, holds certain oversight powers, these regional banks were originally granted a high degree of autonomy and maintain control over their daily operations. "Far from being a serious effort to reform the Federal Reserve System, this proposal reads as a barely disguised attempt to curry favor with President Trump, who is seeking greater control over the leadership of regional banks," Warren wrote in the letter. "I demand you immediately cease all work related to this proposal and provide more information to Congress."
Odaily Planet Daily reported that Galaxy stated on X platform that many Registered Investment Advisors (RIAs) face difficulties in responding to client demands for allocating funds to DeFi while meeting compliance requirements under the U.S. SEC's Custody Rule. The current rule requires client assets to be held with a Qualified Custodian (QC), effectively excluding the self-custody path and making it difficult for traditional financial accounts to directly participate in DeFi strategies.In practice, however, the technical compatibility and compliance integration costs between custodians and new public chains, tokens, and DeFi protocols are high. Most custodians also lack the capability to support DeFi interactions, resulting in a persistent "compliance infrastructure gap." Meanwhile, fiduciary duties require RIAs to not simply exclude client demand for DeFi exposure, placing institutions in a structural conflict between compliance and investment intent.Galaxy believes that a potential future solution lies in establishing a principles-based regulatory framework, including MPC key management, governance controls, third-party audits, on-chain transparency, and rigorous protocol due diligence mechanisms. This approach would aim to unlock on-chain asset allocation capabilities without weakening regulatory objectives.
U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig posted on X platform, stating that Illinois' legislation imposing a so-called "sin tax" on blockchain technology could jeopardize Chicago's future status as a financial market center. The bill even taxes the transfer of crypto assets that have not generated any economic gains. Mike Selig described it as "slow-down legislation" and said the bill would turn residents' property rights from "inherent rights" into "permission-based privileges."Mike Selig added that, against the backdrop of blockchain technology continuously reshaping financial markets, choosing to tax crypto wallets over policy options that drive economic growth may historically be seen as a turning point for Chicago's financial development, or even a sign of decline.