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Regulation/Compliance

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Coinbase: CLARITY Act to Strengthen Crypto Regulation and National Security Protections

Coinbase Chief Policy Officer Faryar Shirzad responded on X on July 11 to U.S. Senator Elizabeth Warren's criticism of the CLARITY Act, stating that the bill would not weaken national security but would instead bring digital asset platforms under stronger regulation. Elizabeth Warren had previously stated on July 8 that the current draft of the CLARITY Act could provide opportunities for evading sanctions. Faryar Shirzad stated that the bill would require crypto platforms to comply with stricter national security standards and allow platforms to freeze suspicious transactions upon request from law enforcement. U.S. Senator Cynthia Lummis previously stated that the CLARITY Act includes 16 illicit finance safeguards and warned that the bill may represent the last major opportunity for the U.S. Congress to pass comprehensive digital asset rules before 2030. (Bitcoin.com News).

Singapore police and cryptocurrency exchanges have prevented over 145 potential scam victims from losing more than $4.2 million

The Singapore Police Force's Anti-Scam Centre and Cybercrime Department, in a six-week joint anti-scam operation from April 16 to May 31, 2026, collaborated with Coinbase, Coinhako, Gemini, Independent Reserve, OKX, StraitsX, and Upbit. Using blockchain analysis tools from Chainalysis and TRM Labs, they identified potential scam victims and conducted over 145 targeted interventions via phone and in-person visits, preventing potential losses exceeding $4.2 million. Coinbase Singapore stated in a post on X on July 10 that it worked with the Singapore police to prevent over 145 individuals from losing a combined total of more than $4.2 million due to scams. The Singapore Police Force stated that it will continue to work with cryptocurrency exchanges and other private sector entities to combat cybercrime. (Bitcoin.com News).

Phantom: Some users are experiencing performance degradation with send and swap functions; the team is urgently investigating.

According to official sources, Phantom stated that some user wallets encountered performance degradation issues during send and swap operations. The team is investigating and working to resolve the issue as soon as possible. Further updates will be provided once more information is available.

Phantom Wallet Transfer and Swap Features Experiencing Issues

some Phantom wallet users are currently experiencing performance degradation when using transfer and swap functions. The team is investigating the issue and will provide timely updates on progress.

The US Senate plans to push for full Senate consideration of the CLARITY Act on July 20.

According to The Hill, the U.S. Crypto Market Structure Bill, the CLARITY Act, is facing a critical advancement milestone before the August congressional recess. Senate Majority Leader John Thune plans to push the bill to the Senate floor for consideration during the week of July 20, but it still requires support from at least seven Democratic senators.

Bitcoin is set to undergo two fork events in 2026, with BTC holders receiving 1:1 new assets

According to Odaily, Bitcoin is set to undergo two fork events in 2026. Developer Paul Sztorc plans to launch an intentional hard fork called eCash, expected to activate around August 21 at block height 964,000. Another controversial soft fork proposal, BIP-110, has the potential to inadvertently cause a chain split during the August signaling window. A Bitcoin chain split replicates the UTXO set, giving holders 1:1 assets on both ledgers. The usability of a forked coin depends on replay protection, mining difficulty, and market conditions. Self-custodial holders, who control their private keys at the time of the snapshot, can typically sign transactions on either chain; custodial holdings, where private keys are controlled by exchanges at the time of the snapshot, mean users' eligibility for the forked coin depends on the platform's policy. (Bitcoin.com News)

UK FCA and Central Bank Advance Crypto Regulatory Rules, Remove Limits on Fiat-Backed Stablecoin Holdings

the UK Financial Conduct Authority finalized crypto rules last month, providing guidance on capital requirements, admission and disclosure, and a broader conduct framework for crypto firms.The Bank of England has removed previously proposed limits on holdings of fiat-backed stablecoins and reduced the reserve requirement that issuers must hold at the central bank from 40% to 30%. The stablecoin proposal put forward in November 2025 had restricted individual holdings of systemic sterling stablecoins to no more than £20,000 and corporate holdings to no more than £10 million. (CoinDesk).

Brazilian Police Launch "Operation Maya Veil": Raid 87 Shell Companies to Investigate Cryptocurrency Money Laundering Network

According to IBTIMES, Brazilian police announced the launch of "Operation Veil of Maya," executing 9 search and seizure warrants simultaneously in four locations: São Paulo, Ribeirão Preto, Porto Alegre, and Canoas, to crack down on a money laundering network involving 87 shell companies. The operation's name originates from the philosophical concept "Veil of Maya" (Maya), referring to the illusion that hides reality. Investigations reveal that cryptocurrency primarily served the role of cross-border fund transfer within this money laundering network. Criminals received illegal income through shell companies, converted the funds into crypto assets, and then transferred them overseas. The individuals involved may currently face charges including money laundering, tax evasion, participation in organized crime, and other related accusations, but the police have not yet disclosed the scale of the funds involved or the quantity of assets seized.

Galaxy Head of Research: Bitcoin Policy Institute Officially Intervenes in Abandoned Bitcoin Case, Plans to Push Court to Dismiss All Lawsuits

Galaxy 研究主管 Alex Thorn在 X 平台发文披露,围绕“Noah Doe”试图通过法律程序获得中本聪比特币所有权的遗弃比特币案件迎来重大进展,比特币政策研究所(BPI)已正式申请作为被告介入此案并寻求推动法院驳回全部诉讼。据悉,由律师事务所 White & Case 代理的 BPI 此次不仅申请介入案件,还提交了拟答辩文件、15 项积极抗辩理由并计划提出撤诉动议。 Alex Thorn 透露,BPI 称其具备介入资格,因为该机构长期自托管一部分计划无限期持有的比特币储备,而原告所主张的“长期未动用即构成遗弃”的理论,恰恰可能将类似资产纳入未来诉讼范围。如果本案的法律逻辑最终获得法院支持,未来可能成为剥夺长期自托管用户资产所有权的先例,所以这场诉讼不仅关乎中本聪相关资产,也关系到整个比特币自托管生态的法律基础。

Tencent in Talks to Acquire Manus: Sources Say It Will Retain Minority Shareholder Status

According to Southern Metropolitan Daily, Tencent is negotiating to become the largest shareholder of general AI Agent company Manus. A consortium of Chinese capital led by Tencent plans to repurchase all equity of Manus from Meta at a valuation of approximately 2 billion USD. However, sources familiar with the matter revealed that upon completion of the transaction, Tencent will still maintain a minority shareholder status and will not hold a controlling stake. Manus is an AI Agent product launched by Butterfly Effect Company. It went viral overnight in China in March 2025, and its annualized revenue has exceeded 100 million USD. Previously, Meta announced the acquisition of Manus, but due to the intervention of the Ministry of Commerce and the foreign investment security review mechanism, the acquisition was legally prohibited and required to be revoked in April 2026. This repurchase by Chinese capital marks the subsequent progress following the halt of the acquisition.

Vitalik: The biggest divide on AI is not about policy, but about whether superintelligence is imminent or just another technology.

Vitalik stated the biggest divide on AI is not about policy, but about whether superintelligence is imminent or just another technology. (Cointelegraph)

US Department of Justice Drops Charges Against BitClub Network Ringleaders, Alleged Fraud Amounts to $722 Million

According to Bloomberg Law, the U.S. Department of Justice plans to drop all criminal charges against Matthew Goettsche, the alleged mastermind of BitClub Network, overturning the indictment decision from 2019. Goettsche was charged with conspiracy to commit wire fraud and selling unregistered securities; the BitClub Network he operated attracted investors under the guise of "mining pool dividends," but actually fabricated returns and is suspected of defrauding investors of over $722 million. The case was originally scheduled for trial in October this year, but the Office of the Deputy Attorney General recently ordered the U.S. Attorney's Office for the District of New Jersey to terminate the prosecution via "dismissal with prejudice," while still seeking to recover some investor losses. Analysts point out that this move is the latest case of the Trump administration significantly scaling back cryptocurrency enforcement actions—both Trump himself and Acting Attorney General Todd Blanche hold crypto assets, sparking external questions about conflicts of interest. Previously, three co-defendants had pleaded guilty one after another, while Goettsche's case was delayed for nearly 7 years due to evidence review of approximately 2 million electronic records and multiple breakdowns in plea negotiations.

US CFTC Chair Supports CLARITY Act: Legislation Must Be Passed

Odaily, U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig posted on X platform, stating that innovators and market participants in the crypto industry need clear regulatory expectations, and the CLARITY Act will establish a comprehensive rule framework for digital asset regulation. The future development of the U.S. crypto market requires a definitive regulatory environment, and the CLARITY Act can provide "future-proof" digital asset regulatory rules. If the U.S. hopes to maintain its status as a global cryptocurrency hub, this bill is "must-pass legislation."The CLARITY Act aims to further clarify the division of regulatory responsibilities for digital asset markets and establish an institutional framework for crypto asset trading, market structure, and regulatory authority. Supporters believe the bill helps reduce regulatory uncertainty, encouraging businesses and capital to develop within the U.S. market. Mike Selig has repeatedly emphasized the need for clear, enforceable regulatory rules to support digital asset innovation while ensuring market safety and investor protection. This latest statement further reflects the trend of U.S. regulatory agencies pushing for clearer rules in the crypto industry.

Bitget Stock Spot rToken Lists SK Hynix (rSKHY)

Bitget Stock Spot rToken has listed SK Hynix (rSKHY). From now until July 17, users trading rSKHY can enjoy a 0 fee promotion.In addition, the platform has launched a exclusive event for new users, with a total prize pool of 50,000 USDT equivalent in SK Hynix. During the event, new registered users who complete a net deposit of at least 1,000 USDT and their first trade can randomly receive 10-88 USDT equivalent in rSKHY. New users participating in rSKHY trading can also unlock corresponding tiered stock rewards based on their cumulative trading volume, with the highest individual reward being rSKHY worth 888 USDT. The participation period is from July 10 to July 17.It is reported that rTokens, identified by the letter "r" followed by the stock ticker symbol (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 held by a licensed custodian, stock dividends distributed 1:1 in token form, corporate actions (such as stock splits and reverse splits) mirrored synchronously, and the holdings can be used as cross-collateral for unified accounts and USDT-margined contracts.

Nubank receives Mexican banking license, plans to accelerate local business expansion

: Nu Holdings, the parent company of Brazil's crypto-friendly digital bank Nubank, has received an official banking license from Mexican financial regulator Comision Nacional Bancaria y de Valores. This license allows it to offer services such as payroll accounts, checking accounts, higher-limit deposits, and a wider range of loan products in the country. Since entering Mexico in 2019, Nubank has invested billions of dollars and currently serves over 15 million customers, representing approximately 15% of the local adult population. Founder and Global CEO David Vélez stated that the company's total investment in Mexico is expected to reach about $4.2 billion by 2030. (Bloomberg)

SWIFT blockchain ledger to go live, 17 institutions to pilot tokenised deposit cross-border transactions

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.

Binance Co-CEO: After EU Service Suspension, Approximately 70% of Users Withdrew to Self-Custody Wallets

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 Maintains Bitcoin $100,000 Target: Strategy's BTC Sales Not a Sign of Risk Deterioration

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)

US prosecutors have charged a man currently serving a prison sentence with allegedly transferring and laundering approximately $290,000 in crypto assets that had been seized from his Kraken account.

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)

Circle receives approval from US Office of the Comptroller of the Currency to establish a digital currency trust bank

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)