News linked to this event type.
According to Bloomberg, the United States is drafting a ban intended to restrict imports of certain Chinese data center components to protect its artificial intelligence infrastructure security. Affected by this news, stock prices in China's optical sector fell sharply, with Zhongji Innolight, one of the world's largest transceiver suppliers, falling more than 14% at one point during trading, and Eoptolink Technology, a peer of Huagong Tech's Huagong Zhengyuan, dropping by 11%. Reuters previously reported that Zhongji Innolight could become one of the main targets of this ban.
Odaily News: Fox Business crypto reporter posted on X platform, saying that procedural matters related to the ongoing continuing resolution may explain why Senate Majority Leader John Thune did not file a cloture motion tonight on the motion to advance the Clarity Act, but a lack of votes and major issues still under discussion could also be factors. Once procedural matters related to the continuing resolution are resolved, expectations are rising that Thune could file the cloture motion as early as tomorrow. If he files the motion, a potential Clarity Act vote would hit the schedule 30 hours later. The bill still has unresolved issues, including the lack of a bipartisan ethics agreement, the White House's refusal to take a position, and ongoing disagreements surrounding BRCA. However, he has heard from multiple sources that some people now want lawmakers to go on the record with an official vote, even if the bill does not pass.
According to TechFlow Research, a buy-side survey by JPMorgan on August 3 showed that for most of the nine semiconductor and hardware companies, buy-side expectations were higher than company guidance. onsemi (ON) Q2 revenue buy-side average was $1.61 billion (guidance $1.59 billion), gross margin 39.5% (guidance 39.0%), EPS $0.75 (guidance $0.71), and FY2027 EPS average $3.57 (guidance $3.11). Approximately 60% of respondents expect ON to slightly raise its 2026 AI revenue target (currently around $500 million). After a stock price drawdown of approximately 25%, ON has shifted from net short to slightly net short, with earnings implied volatility at 7.5%. For the eight companies AMAT, AMD, ANET, COHR, CSCO, LITE, SNDK, and WDC, buy-side average revenue, gross margin, and EPS were all higher than company guidance. JPMorgan believes that July AI momentum unwinding led to a significant drawdown in the semiconductor sector, but buy-side expectations for earnings are not low, creating a contrast between buy-side expectations and stock price pessimism. AMAT earnings implied volatility of 18% is significantly higher than the historical average, indicating the bar for beating expectations is rising. ON is an exception; AI expectations are extremely low, instead leaving room for earnings to beat expectations.
According to BeInCrypto, the U.S. Court of Appeals for the Second Circuit officially issued the mandate in the SBF case on August 4, marking the formal conclusion of Sam Bankman-Fried's appellate proceedings. The one-page order affirmed the original verdict without providing any new reasoning, leaving his 25-year prison sentence and approximately $11 billion forfeiture order unchanged. Previously, on June 12, the panel rejected SBF's appeals on all seven counts. In the opinion, Judge Parker noted that while SBF publicly assured customers, investors, and regulators of the safety of FTX funds, he misappropriated customer funds for real estate, political donations, and personal investments. Currently, SBF's only remaining judicial recourse is to petition for a writ of certiorari from the U.S. Supreme Court within 90 days, but the Supreme Court's acceptance rate is extremely low. Additionally, SBF has separately submitted a clemency application to the Department of Justice, but Senators Cynthia Lummis and Ruben Gallego have jointly introduced a resolution opposing the granting of clemency to him.
According to Decrypt, protests surrounding AI data centers across the United States have continued to expand this year, with at least 37 people arrested in related protests. Protesters are primarily focused on issues caused by data centers, including power consumption, water usage, environmental pollution, and government transparency. Typical incidents include: an Oklahoma resident arrested for exceeding speaking time limits at a data center hearing, an Indiana resident arrested for refusing to identify themselves at an Amazon data center public meeting, and a Kansas physics teacher handcuffed and removed for applauding at a zoning hearing. The current wave of opposition has evolved from local "NIMBY movements" into a national political movement. The advocacy group "Humans First" organized 142 protests across 42 states in the U.S. in July, and legislators are also calling for stricter regulation on rapidly expanding AI infrastructure.
According to Fortune, the White House held closed-door meetings with AI giants such as Google, OpenAI, and Anthropic on Tuesday to discuss a voluntary framework for testing cybersecurity risks of frontier AI models. However, the government only announced that the framework was completed, without disclosing specific content, reviewers, or an implementation timeline. In response, five Senate Democrats led by Kirsten Gillibrand sent a joint letter criticizing the Trump administration's "disordered, ad hoc" AI regulatory approach for threatening U.S. economic security and competitiveness, and warning that inconsistent policies would drive enterprises to turn to Chinese AI alternatives. Georgetown University researcher Sam Bresnick pointed out that the core appeal of Chinese AI lies in low cost and high tunability, not regulatory uncertainty. Enterprises such as DoorDash have already assigned sensitive tasks to U.S. models and outsourced routine analysis to Chinese open-source models. Bresnick also warned that relying on Chinese AI carries risks as well—Beijing could cut off foreign users' access to advanced models at any time, and enterprises may face a dilemma of being "trapped on both sides."
据塔斯社报道，俄罗斯总统普京于 8月 4 日签署一项法律，首次对俄罗斯境内数字货币及数字权利的流通实施全面监管。该法律为加密货币交易所、数字托管机构及市场参与者建立操作框架，同时规范加密货币挖矿、数字金融资产（DFA）的发行与流通。主要内容包括：加密货币交易所须纳入特殊登记册方可运营（过渡期至 2027年 7月 1 日），最低注册资本要求为 1500 万卢布（约 18.7 万美元）；境内仍禁止使用加密货币支付商品和服务，但允许用于跨境贸易结算及挖矿所得；非合格投资者每年每家中介机构购币上限为 30 万卢布（约 3700 美元），合格投资者不受限制；银行有权冻结涉嫌未经授权的加密货币交易资金。法律核心条款将于 2026年 9月 1 日起正式生效，部分条款将于 2027年 7月 1 日及 9月 1 日分批实施。
According to The New York Times, White House officials held a meeting with top AI companies on Tuesday, announcing that the federal government plans to conduct security risk reviews on specific types of AI models. The review is limited to "closed-source" models that do not disclose underlying code (such as products from Anthropic, OpenAI, and other companies). Open-source models are not currently included in the review, but officials stated that as technology develops, relevant policies may be adjusted.
Odaily News - Coinbase Chief Policy Officer Faryar Shirzad stated on the X platform that the Wall Street Journal's (WSJ) criticism of the CLARITY Act is disappointing, arguing that it abandons principles of free markets and competition in favor of maintaining regulatory barriers, while echoing the views of banking associations.Shirzad stated that the CLARITY Act imposes multiple restrictions on stablecoin rewards and ties them to customer activity, adding that there is currently no evidence to support the "deposit flight" claim. He noted that three independent studies, including one from the White House Council of Economic Advisers (CEA), have found no evidence that stablecoin growth leads to bank deposit outflows.Furthermore, Shirzad emphasized that the CLARITY Act does not provide exemptions for DeFi-related crimes. Instead, it distinguishes between code developers and financial intermediary operators, with fraud, sanctions violations, and money laundering remaining subject to legal prosecution.Shirzad urged the U.S. Senate to pass the CLARITY Act, stating that America needs to establish long-term, stable federal digital asset regulatory rules.
Odaily News - U.S. Democratic Senators Elizabeth Warren and Richard Blumenthal sent a letter to SEC Chairman Paul Atkins on Monday, calling for an investigation into whether President Trump's related Meme coins violate securities laws.In the letter, the two senators cited reports stating that since the Trump Meme coin launched in January 2025, nearly 1 million crypto wallets have incurred losses, totaling approximately $3.81 billion. They accused Trump of potentially engaging in a "rug pull" and requested that the SEC determine whether fraudulent arrangements or securities law violations exist.Warren and Blumenthal stated that despite the token's price being driven by Trump's own public statements, its value has plummeted significantly, making it necessary for the SEC to investigate whether a fraudulent scheme exists and to prevent continued extraction of substantial value from hundreds of thousands of investors.The letter comes as the White House is evaluating the latest ethics provisions compromise regarding conflicts of interest in Trump's cryptocurrency business. This proposal is seen as key to advancing the "Clarity Act" crypto market structure legislation. A previous Trump-endorsed draft drew opposition from Democrats because it only restricted public officials and their spouses from issuing or sponsoring digital assets, did not cover other family members, and designated the Department of Justice for enforcement.The two senators also claimed that Trump has an "active interest" in encouraging supporters to trade his Meme coin, and alleged that Trump has earned $636 million in revenue from the Meme coin. With the Senate entering its August recess on Friday and attention subsequently shifting to the November elections, whether the "Clarity Act" can advance in the near term still depends on whether both parties can reach consensus on Trump-related crypto conflicts of interest.
Odaily News: Non-custodial Bitcoin swap service Boltz has indefinitely suspended its Bitcoin swap service, stating that the service will remain offline until further notice, with no timeline for restoration provided. Boltz allows users to transfer Bitcoin between the Lightning Network and the Bitcoin base layer, without the company ever holding custody of user funds. Boltz stated that over the past few months, its infrastructure has faced a continuous increase in automated, AI-assisted probing, and the team has already handled multiple exploit incidents. The company said each incident was contained, but the speed at which attackers iterate has outpaced the team's ability to discover and patch vulnerabilities. Boltz disclosed that the pace of attacks has accelerated over the past few days, and after reviewing recent security scan results, the company concluded that it cannot responsibly re-enable the swap service. Its API remains available for processing collaborative refunds, unilateral refunds remain operational as they do not rely on Boltz infrastructure, and customer support remains accessible.
Odaily News: Hardware wallet manufacturer Ledger has stated that the recent Coldcard vulnerability indicates the hardware Bitcoin wallet industry needs to reassess its security model. Ledger CTO Charles Guillemet stated that Ledger devices were not affected, as their recovery phrases are generated by a hardware random number generator built into a certified secure element. Coldcard manufacturer Coinkite disclosed last week that its air-gapped Coldcard Bitcoin hardware wallet contains a vulnerability traceable to firmware versions from March 2021. The vulnerability uses a software fallback mechanism to generate wallet recovery seeds, allowing certain private keys to be guessed, with related losses reaching approximately $130 million. Coinkite released a fixed firmware on Sunday and urged affected users to transfer funds to newly generated wallets. Charles Guillemet stated that open source is different from being audited — the flaw had existed in public code for over five years, and AI is enabling attackers to scan code and identify vulnerabilities at machine speed. Charles Guillemet also said that over the past two years, Ledger has combined AI with security engineers and cryptography experts to review code and identify vulnerabilities. He believes that when evaluating hardware wallets, users should understand how randomness is generated and whether that process has received independent certification.
Odaily Planet Daily reported that Bitcoin News stated on the X platform that Coinkite said the vulnerability existed at the boundary between two unrelated firmware submodules, rather than in its Bitcoin or encryption code, which allowed it to evade both manual and AI-assisted code reviews for years. Coinkite stated that after the incident, the company tested cutting-edge AI models including Kimi K3, Claude Fable, and Codex 5.6, none of which identified the flaw. Coinkite is now urging security-critical projects to specifically audit build systems and submodule boundaries, and warned that AI-assisted development could leave similar blind spots in the Bitcoin ecosystem.
Odaily News – Regulators from the United States and the United Kingdom, at the 13th US-UK Financial Regulatory Working Group meeting held in London on July 8, reaffirmed their commitment to strengthening financial regulatory cooperation. The two sides discussed stablecoin regulation, the US digital asset market structure, tokenization, and the UK's digital strategy for the wholesale financial market. A joint statement released on August 4 showed that US officials briefed the UK side on the progress of the GENIUS Act implementation and work related to the digital asset market structure. Participants also discussed payment modernization and the G20 cross-border payments roadmap, which aims to improve cross-border payments. The meeting did not yield new policy measures. Both sides stated that they would coordinate regulation in key areas of the digital asset industry and support responsible digital asset innovation within the framework of financial stability and international regulatory cooperation. On July 14, the Transatlantic Taskforce for Markets of the Future, a joint US-UK initiative focused on financial innovation and capital market cooperation, released preliminary recommendations and simultaneously issued a joint statement on stablecoins. The two governments stated that these measures would lay the foundation for continued cooperation between the US and the UK in the digital asset and capital market sectors.
The US and UK reaffirmed cooperation on digital asset regulation at the Financial Regulatory Working Group meeting, focusing on the implementation of the GENIUS Act and coordination of stablecoin rules.
Odaily News: Cryptocurrency platform Bybit announced that its local subsidiary, Bybit Payments GmbH, has been granted an Electronic Money Institution (EMI) license by the Austrian Financial Market Authority (FMA), enabling it to offer regulated e-money and payment services across Europe via Bybit.eu. Bybit EU GmbH has been authorized as a crypto asset service provider under the EU's Markets in Crypto-Assets Regulation (MiCAR) since May 2025. Bybit stated that Bybit Payments will handle fiat and e-money operations, while Bybit EU GmbH will manage digital asset operations. Bybit Payments plans to roll out peer-to-peer transfers, open banking features, merchant solutions, card programs, and strong customer authentication tools under the EMI framework. A company representative noted that the license will support direct partnerships with European financial institutions and payment processors.
Odaily News, the "Fed Whisperer" Nick Timiraos stated in an article that U.S. Treasury Secretary Bessent's policy reaction function has shifted to being less dovish. His remarks this year suggest that the Federal Reserve should continue to hold interest rates steady. Earlier this year, Bessent cited models indicating that the Fed's interest rate level could be anywhere from over 25 basis points to more than 100 basis points above the neutral rate. Today (August 4), he made two points. First, he defended Warsh's decision last week not to elaborate on any policy reaction function: "I think every meeting should be open, and market participants should judge for themselves... I believe Warsh wants to keep options open to achieve the best outcome."Second, he did put forward a policy reaction function that could be viewed as dovish, arguing that recent shocks should be ignored: "What impact will a rise in short-term interest rates really have? We will wait and see." He raised the question but then responded by pointing out that underlying inflation is "very mild... very steady." "In core inflation, excluding the more energy-affected volatile items, the rest has been very steady. I think this will continue."
Odaily News: Hester Peirce, Commissioner of the U.S. Securities and Exchange Commission, stated that she remains optimistic about Congress passing the CLARITY Act, adding that there is still much that can be done even if the bill does not pass. Peirce noted that the SEC will continue advancing related work, making efforts regardless of whether the legislation is enacted. Even if the CLARITY Act fails to materialize, the regulator still retains considerable room to push forward the construction of a digital asset regulatory framework. Peirce has repeatedly called for clearer regulatory rules for crypto assets, arguing that a well-defined market structure would help the United States maintain competitiveness in the digital asset sector and reduce the long-standing uncertainty facing the industry.
Galaxy Digital Head of Research Alex Thorn stated that based on new victim reports received following the incident, the number of attackers exploiting the Coldcard vulnerability has reached at least 15.Thorn noted that information provided by victims helped the research team uncover previously unidentified attack activity. Unlike thefts from centralized exchanges, correlations between the attackers in this vulnerability exploit require confirmation through on-chain analysis and victim feedback.He added that a single victim reporting less than 1 BTC stolen helped the team discover a previously unknown attack, which siphoned approximately 12 BTC from 126 addresses.According to Galaxy Research's earlier estimates, the Coldcard vulnerability has led to at least three rounds of attacks, with losses amounting to approximately $100 million in BTC. Additionally, Galaxy has identified a suspected fourth round of attacks, which could bring total losses to approximately $130 million.Meanwhile, the incident has also sparked discussions regarding the security of Bitcoin self-custody. Dragonfly Managing Partner Haseeb Qureshi stated that "AI security hardening costing around $2" could potentially have prevented this vulnerability, and noted that some AI models were able to rediscover related vulnerabilities within a relatively short timeframe. However, industry insiders pointed out that current claims about the speed of AI discovering vulnerabilities lack rigorous blind testing and verification.Researchers believe that as AI model capabilities improve, the costs of vulnerability discovery and attacks in the crypto industry may continue to decline, requiring wallet developers to further strengthen code audits and security protections. (Cointelegraph)
According to CoinDesk, U.S. Senator Hagerty publicly called on the Senate to pass the CLARITY Act as soon as possible, emphasizing that "the U.S. must not fall behind in the digital asset space." Supporters argue that regulatory clarity is key to retaining builders and capital in the crypto industry; otherwise, there will continue to be a risk of talent and capital outflow to other jurisdictions. The next Senate vote is regarded as a critical milestone for the crypto industry.