News linked to this event type.
Odaily News: Punchbowl News reporter posted on X platform that negotiations in the U.S. Senate over the CLARITY Act are affecting the legislative process before recess. Democratic leadership is still pushing to delay the procedural vote on the crypto regulation bill, with Senate Minority Leader Chuck Schumer seeking more time for further negotiations.Meanwhile, Republicans are calling for the vote to move forward as soon as possible. Both sides are still coordinating on the bill's content and related provisions, and it remains uncertain whether the CLARITY Act can reach a vote before the Senate recess.
Odaily News – Bitcoin mining companies MARA Holdings and CleanSpark have released their latest quarterly earnings reports, with both companies posting double-digit year-over-year revenue declines. MARA reported Q2 revenue of $174.9 million, down 27% year-over-year, while CleanSpark reported fiscal Q3 revenue of $138 million, down 30.5% year-over-year.Despite the earnings pressure, both companies continue to expand their high-performance computing (HPC) and AI infrastructure businesses. As the AI industry grows and Bitcoin mining difficulty continues to rise, both companies are investing resources to expand their HPC business lines. MARA stated it will expand its AI computing capabilities through the acquisition of power and data center assets, with its future power portfolio potentially reaching 4.8 GW. CleanSpark, meanwhile, said it currently controls more than 1.8 GW of power, land, and data center resources.To date, MARA holds approximately 35,577 BTC, while CleanSpark holds approximately 13,924 BTC, ranking fourth and eleventh respectively among publicly traded companies' Bitcoin holdings. (The Block)
Odaily News – The ethics provision of the CLARITY Act, proposed by U.S. Senators Thom Tillis and Ruben Gallego, would require Trump to divest his crypto-related business assets, an arrangement that could allow Trump to defer federal taxes on gains from those assets for years, potentially saving millions of dollars. This provision has become one of the key factors driving the passage of the CLARITY Act, the first comprehensive crypto regulatory bill in the U.S., through the Senate. The latest version also permits state attorneys general to enforce the rules, whereas the previous version only granted enforcement authority to the Department of Justice.As of Thursday afternoon, Senate Majority Leader John Thune had not yet filed a cloture motion, a necessary step before a formal vote. (The Block)
Odaily News: Cryptocurrency market maker Wintermute announced that its U.S. subsidiary, Wintermute USA, has completed its broker-dealer registration with the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). With the registration complete, the company can provide liquidity to U.S. stock exchanges and over-the-counter (OTC) trading counterparties, and trade equities and options using its proprietary accounts. In addition, Wintermute can now self-clear digital asset securities transactions and act as an Authorized Participant (AP) for exchange-traded products (ETPs), including ETF products related to digital assets. (The Block)
According to WSJ reports, Wintermute's US subsidiary has registered as a broker-dealer, marking the crypto trading company's formal entry into the regulated US financial market. This registration qualifies it to apply to become a designated market maker for stock exchanges such as the New York Stock Exchange and Nasdaq, providing a foundation for its expansion into the traditional financial services sector. The report noted that Wintermute is competing with large market-making firms such as Jane Street Capital and Citadel Securities.
Odaily News: Patrick Hansen, Senior Director of EU Strategy and Policy at Circle, stated that since the full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), licenses have been granted to 35 electronic money tokens from 21 issuers, with local issuers making good progress in implementation. Patrick Hansen pointed out that MiCA's strict requirements have made it impossible for most major stablecoin issuers, including Tether, to meet operational requirements. Currently, only USDG, USDC, and EURC comply with the framework's requirements, leaving other stablecoins outside MiCA's regulatory scope and leaving EU users either unprotected or unable to access them. He believes that the upcoming MiCA review should address this issue and provide foreign issuers with a more pragmatic operational path. The European Commission's Directorate-General for Financial Stability, Financial Services and Capital Markets Union launched a public consultation on May 20 to assess whether the current framework remains fit for purpose, with the consultation set to run until September 30.
Odaily News: Nine U.S. Democratic senators have sent a letter to Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, urging a ban on event contracts related to wildfires, arguing that such contracts could encourage arson, insider trading, and pose risks to public safety. In the letter, the senators noted that Polymarket has accepted over $1.2 million in bets related to the 2025 Palisades and Eaton fires in California. They also pointed out that some new platforms allow users to wager on wildfires, with such markets enabling speculation on destructive events. The senators stated that the CFTC should rein in such betting before the start of next year's wildfire season and establish safeguards in both U.S. and offshore markets. Recent disputes over prediction market regulation have persisted, with related cases in Minnesota, Kentucky, and Michigan raising questions about federal and state regulatory authority.
Senator Tim Scott stated that the U.S. Senate will hold a first vote on the Clarity for Digital Assets Market Act before the August recess, and the bill requires 60 votes to pass.
Odaily News: US Senate Banking Committee Chairman Tim Scott stated that the CLARITY Act, which addresses cryptocurrency market regulation, will face a vote before the congressional recess — "there is no doubt it will come to a vote."In an interview with Fox News, Scott said the Senate may extend its working hours beyond the next two days to advance progress on related legislation. He noted that Republicans are building consensus on the bill internally and believe that establishing a crypto regulatory framework "serves America's interests."Tim Scott said: "We will get this done."The CLARITY Act aims to further clarify the US digital asset regulatory framework by delineating the respective oversight responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the crypto market. Supporters argue the bill would provide clearer rules for the industry and help the US maintain competitiveness in the digital asset space.Currently, the bill still faces disputes within Congress over consumer protection, regulatory authority, and market risk. If ultimately passed, it would mark a significant step forward in building the US crypto regulatory system. (Beincrypto)
The Ethereum Foundation (EF) is globally recruiting Protocol Security Researchers (Remote Full-time), a role within the Protocol Security team. The team is responsible for identifying and intercepting vulnerabilities before they reach mainnet, with work covering Execution Layer/Consensus Layer security reviews, AI-assisted vulnerability discovery, fuzzing, specification audits, and coordinating vulnerability disclosure. Candidates are required to have deep experience with the Ethereum protocol, be familiar with EL/CL specifications and client implementations, and be proficient in languages such as Go, Rust, Java, C#, Nim, or Python. There are no hard requirements on years of work experience, with technical depth being the core consideration.
Odaily News - Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), wrote that the global derivatives market is entering a new phase of development, and the United States will continue to lead financial innovation without introducing regulatory models that could constrain market growth.Selig noted that for decades, derivatives—including financial contracts such as futures, options, and swaps—have served as essential tools for corporations, farmers, investors, and financial institutions to manage risk and optimize capital allocation. Today, the notional value of the global derivatives market has surpassed $1.2 quadrillion, with nearly half of that market overseen by the CFTC. America's leadership in derivatives is built on generations of market competition, robust institutions, effective regulation, and an openness to innovation. For a long time, global regulators have regarded the CFTC as the benchmark for efficient market oversight."Financial innovation in a new era requires innovation, not consensus," Selig stated. He said the U.S. will not adopt regulatory trends that hinder market development, but will instead strike a balance between innovation and market efficiency. He emphasized that during his tenure, the U.S. will continue to play a leading role in derivatives rulemaking and financial innovation, keeping the market competitive.Market observers believe Selig's remarks reflect a positive regulatory stance in the U.S. toward financial technology, digital assets, and emerging financial instruments. With the rapid development of crypto assets, tokenized financial products, and AI-driven trading tools, striking the right balance between risk control and innovation is becoming a key topic for global financial regulators.
According to TechCrunch, OpenAI is countering Apple's lawsuit over alleged trade secret leaks, claiming that Apple's own information security management and employee offboarding processes have vulnerabilities, and that it cannot prove the relevant information constitutes protected trade secrets. Apple previously accused OpenAI of obtaining hardware-related secrets through former employees who joined OpenAI from Apple, and requested the court to expedite the evidence discovery process. In its latest legal filings, OpenAI stated that Apple allows employees to use personal iCloud accounts to process work materials and did not revoke access rights in a timely manner after employees departed. OpenAI states that Apple did not clearly specify the concrete trade secrets alleged to be stolen, but merely referred generally to information such as product development processes, supply chains, and testing. OpenAI argues that Apple's current lawsuit is primarily intended to restrict its development in the AI hardware sector, and denies that the company needs or uses Apple trade secrets. The dispute between the two parties centers on employee mobility, intellectual property protection, and competition in the AI hardware sector.
Odaily News U.S. Senator Elizabeth Warren stated that she supports advancing cryptocurrency-related legislation, but does not back the current CLARITY Act, arguing that the bill fails to adequately address key issues such as corruption, consumer protection, national security, and economic risks.Warren noted that the crypto industry needs a clear regulatory framework, but any regulatory approach must ensure investor protection and the safety of the financial system. She believes the CLARITY Act falls short in preventing conflicts of interest, safeguarding consumers, and mitigating potential systemic risks.The CLARITY Act aims to further clarify the division of regulatory responsibilities for U.S. digital asset markets, establishing a clearer legal framework for crypto asset trading, issuance, and market participants. Supporters argue that the bill would enhance industry certainty and drive innovation.However, some Democratic lawmakers, including Warren, have previously expressed concerns about crypto regulation legislation, arguing that certain proposals could weaken regulatory authority and create regulatory arbitrage opportunities for large crypto firms.Warren has long maintained a cautious stance on crypto assets, focusing on consumer protection, financial stability, and risks related to illicit activities in the crypto market. Her latest remarks indicate that U.S. crypto regulation legislation continues to face contention between the two parties and various interest groups. (CoinDesk)
Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), wrote in The Economist that the global derivatives market is entering a new stage of development, and financial innovation needs to lead, rather than introducing regulatory models that may limit market development. Michael Selig pointed out that for decades, derivatives (including financial contracts such as futures, options, and swaps) have been important tools for businesses, farmers, investors, and financial institutions to manage risk and optimize capital allocation. Today, the notional value of the global derivatives market has exceeded $1200 trillion, with nearly half of the market regulated by the CFTC. He stated that U.S. leadership in the derivatives field is built upon generations of market competition, strong institutions, effective regulation, and an open attitude towards innovation. For a long time, global regulators have viewed the CFTC as a benchmark for efficient market regulation. Selig stated, "Finance in the new era needs innovation, not consensus." The United States will not introduce regulatory measures that hinder market development, but will seek a balance between innovation and market efficiency. During his tenure, the United States will continue to play a leading role in derivatives market rulemaking and financial innovation, driving the market to maintain competitiveness.
Odaily News: U.S. Representative Ted Lieu stated that as frontier AI models continue to experience unauthorized access to other systems during safety testing, Congress should push for the passage of the "AI Kill Switch Act" within this year.Lieu, one of the co-sponsors of the bill, noted that advanced closed-source AI models have already demonstrated cases of "unauthorized attacks on other companies' systems," making regulatory action urgent. The bill requires AI companies to possess the capability to shut down, slow down, or pause model operations, enabling emergency measures when models exhibit severe safety risks or out-of-control behavior.Lieu pointed out that in recent times, multiple AI companies, including OpenAI, Anthropic, and Meta, have disclosed incidents where AI models attempted to attack other companies' systems during cybersecurity testing, raising concerns about the potential risks of "Agentic AI."Previously, OpenAI disclosed an "unprecedented cybersecurity incident," stating that certain AI models broke through restrictions in a test environment and accessed systems related to Hugging Face. Subsequently, Anthropic and Meta also reported similar safety testing incidents involving AI models.Lieu emphasized that the bill would not restrict innovation in frontier AI models, but rather functions similarly to the crash-test mechanism in the automotive industry—simply requiring companies to possess control capabilities to address severe defects after a model's development is complete. He stated: "We are not slowing down model development; we are simply ensuring that companies or governments have the ability to shut down a model if catastrophic risks or critical vulnerabilities are discovered."As AI agent technology advances rapidly, striking a balance between fostering innovation and mitigating risks of autonomous attacks is becoming a key focus for U.S. regulators and the AI industry. (CNBC)
Western Digital Chief Product Officer Ahmed Shihab published a long article pointing out that as AI infrastructure expands rapidly, the core competition in the storage field should not be simply reduced to a contest between Flash and Hard Disk Drives (HDD), but lies in whether an AI storage architecture with long-term economic scalability can be built. The AI industry is currently facing a key question: whether the storage architecture chosen this year can support future data scale growth to the PB level or even the EB level. Many AI infrastructure designs do not fail due to insufficient performance, but fall into cost dilemmas after data scale expands. Ahmed Shihab added that Flash and HDD are not in a competitive relationship, but are complementary technologies for different workloads. High-performance scenarios, such as model weights, GPU spillover, KV cache, etc., require low-latency Flash support; while long-term storage needs such as training datasets, logs, checkpoints, compliance records, and large-scale historical data are more suitable for adopting HDDs with cost advantages. Storage architecture in the AI era will be more layered, rather than relying on a single storage medium. "Flash handles performance at critical moments, HDD handles data lifecycle. The direction of future AI storage development is not 'Flash replacing HDD', but precise layering based on different data lifecycles and business requirements." "True infrastructure is not about pursuing dazzling performance, but a reliable foundation capable of supporting long-term AI growth." US stock market trends show, Western Digital
Odaily News: Cryptocurrency services firm Blockchain.com has obtained a Virtual Asset Service Provider (VASP) custody license from the Cayman Islands Monetary Authority (CIMA), enabling it to offer regulated crypto custody services in the Cayman Islands. The license was approved on July 22, 2026, following conditional approval granted by CIMA in December 2025. The license also authorizes Blockchain.com to provide crypto-to-fiat exchange and crypto-to-crypto exchange services. Blockchain.com has held a VASP registration in the Cayman Islands since May 2022. Blockchain.com Co-CEO Lane Kasselman stated that the CIMA license continues the company's recent regulatory momentum, including obtaining a Markets in Crypto-Assets Regulation (MiCA) license in Europe and completing registration with the UK's Financial Conduct Authority (FCA).
Odaily News Tether officially announced that its asset tokenization platform, Hadron by Tether, has reached a strategic partnership with Saudi fintech company First Advanced Data for Artificial Intelligence (First Data) and BKN301. The collaboration will leverage Hadron as the core technology platform to drive the tokenization of institutional-grade real estate assets in Saudi Arabia.Under the terms of the agreement, First Data will act as the issuer of tokenized real estate assets and manage primary market operations; Hadron will provide asset issuance, management, and full lifecycle infrastructure; BKN301 will handle banking system integration, payments, compliance, and operational integration. Tether stated that this project aligns with Saudi Arabia's "Vision 2030," and future business is expected to expand into other real-world asset (RWA) sectors such as energy and infrastructure.
Odaily News Russia's Moscow Exchange (MOEX) is preparing to launch a digital custody platform (digital depository institution) for cryptocurrency trading. Sources say the project is still in the development stage and is expected to go live as early as late 2026 to early 2027.It is reported that the digital custody platform will not be built on the foundation of the Moscow Exchange itself or its subsidiary, the National Settlement Depository (NSD), but will operate as a brand-new independent structure. As Russia's digital currency regulatory framework is expected to partially take effect on September 1, the market still lacks a clear solution for crypto asset custody and registration mechanisms. Several technical models are currently being discussed within the industry. One approach involves establishing multiple crypto asset liquidity hubs, where brokers can either connect to the Moscow Exchange's digital custody platform or conduct related business through their own digital custody systems. Another approach could see trading platforms handle order matching, while the storage and registration of crypto assets are completed by digital custodians under banks or brokers.Previously, several major Russian banks, including Sberbank, VTB Bank, T-Bank, and Alfa-Bank, have all expressed plans to launch digital custody services. With the Moscow Exchange entering this arena, competition among traditional financial institutions is expected to intensify, potentially driving further improvements in crypto asset services. (RBC)
Odaily Odaily News: Wall Street investment firm Bernstein has reaffirmed its "Outperform" rating on stablecoin issuer Circle Internet Financial, maintaining a $140 price target.Bernstein stated that Circle's second-quarter performance effectively addressed previous market concerns regarding intensifying stablecoin competition and the growth potential of reserve asset income. Analysts believe that Circle's expanding partnerships, regulatory licensing progress, and the upcoming Arc blockchain project will bring new revenue streams to the company—growth drivers that are not yet fully reflected in current market expectations.As the stablecoin market continues to expand, Circle is expected to further broaden its business model through payment infrastructure, on-chain financial services, and ecosystem collaborations, with its future growth potential still underestimated by the market. (The Block)