News linked to this event type.
Coinbase stated it has obtained UK investment service authorization, allowing it to offer cryptocurrency, stock, and derivative services under the same platform and login system. The authorization was granted by the UK Financial Conduct Authority under the MiFID framework, permitting regulated companies to provide investment services and trade financial instruments, including stocks and derivatives. Coinbase said that advanced traders will be able to access perpetual futures related to cryptocurrencies, stocks, and commodities, while retail investors will be able to trade stocks. Stablecoin payments, savings, lending, cryptocurrencies, derivatives, and stocks will also be available on Coinbase, and tokenized real-world assets are on its roadmap. Coinbase also holds a UK Electronic Money Institution license and a crypto asset service provider registration. (Bitcoin.com News).
According to The Block, Block agreed to pay $45 million to settle with regulators in nearly 50 U.S. states. Regulators alleged that its Cash App exaggerated platform security safeguards, describing it as having fund protection capabilities comparable to traditional banks, but failed to effectively prevent fraud and did not provide adequate customer support and fraud reporting channels.
Analysts at BNP Paribas expressed skepticism about the near-term possibility of a merger between Tesla and SpaceX, stating: "The significant cash burn at both companies and substantial regulatory risks complicate any potential merger between SpaceX and Tesla." Tesla investor sentiment, which has improved due to merger speculation, may be overly optimistic. The bank maintains its "underperform" rating and $280 price target. "We are concerned that Tesla will face formidable KPIs in its robotaxi and Optimus businesses over the next two years, posing downside risks to its core business before any SpaceX merger can truly materialize."
the European Union is considering amendments to its Markets in Crypto-Assets Regulation (MiCA). The European Commission is soliciting feedback from relevant stakeholders, with the deadline set for September 30. According to multiple sources familiar with the matter, the Commission is evaluating whether to broaden MiCA's regulatory scope to encompass emerging areas such as tokenization and non-EU stablecoin issuers. MiCA officially came into effect in December 2024, with most service providers granted a transition period to complete compliance adjustments, which lasts until July 1 of this year. (The Block)
According to Protos, the stock price of Bitcoin treasury company Hyperscale Data (NYSE: GPUS) closed below $0.14 on July 7, 2026, representing a drop of nearly 100% compared to its historical peak during the 2000 internet bubble (adjusted price over $2.1 billion). The company was formerly an electronics manufacturer established in 1969, Digital Power Corporation, and has since undergone six name changes, five reverse stock splits (cumulative compression ratio exceeding 200 million to 1), and multiple transformations—sequentially involving Bitcoin mining and Michael Saylor-style BTC accumulation strategies. In September 2025, the company announced the launch of a $100 million BTC purchase plan, at which time the stock price was $0.72, and has since fallen cumulatively by over 80%. The company's Executive Chairman Milton "Todd" Ault III was fined and suspended by the Financial Industry Regulatory Authority (FINRA) in 2012, and the company also reached a $700,000 settlement with the SEC in 2023.
According to the official website of the Ministry of Artificial Intelligence and Digital Development of Kazakhstan, the President of Kazakhstan signed the Decree "On Measures to Stimulate and Develop the Digital Asset Industry in the Republic of Kazakhstan" on July 8, 2026, aiming to build a modern, transparent digital financial services ecosystem. The core content of the decree covers four main directions: first, promoting the modernization of payment infrastructure and developing mechanisms to support digital assets and stablecoins for cross-border settlement; second, encouraging crypto asset trading to be incorporated into a regulated legal framework, allowing digital assets previously held on unregulated platforms abroad to be voluntarily disclosed and transferred to domestic licensed service providers; third, introducing tax incentive policies, whereby income from digital asset transactions conducted through Kazakhstan's regulated infrastructure will be exempt from personal income tax; fourth, allowing associated gas from oil and gas fields to be used for independent power generation and allocated to digital mining to promote regional investment and efficient energy utilization. In addition, the decree also clarifies the development direction of tokenized financial instruments and national trading infrastructure.
According to ESMA's official website, the European Securities and Markets Authority (ESMA) officially launched a Common Supervisory Action (CSA) targeting Crypto-Asset Service Providers (CASPs) on July 8, 2026, focusing primarily on digital operational resilience in the custody services sector. This action will assess the framework maturity of CASPs regarding risks related to Distributed Ledger Technology (DLT), covering core topics such as governance arrangements, key and storage management, transaction controls, event detection and response, smart contract risks, and third-party dependencies. National Competent Authorities (NCAs) will conduct risk-based sampling surveys on authorized CASPs, with the survey period spanning from the second half of 2026 to the first half of 2027, and the final report is expected to be submitted to the ESMA Supervisory Board in the second half of 2027.
Google has updated its Chrome Web Store developer policy, explicitly listing Prediction Markets as a prohibited product. According to the new regulations, any Chrome extension that promotes or supports real-money transactions based on predicted outcomes is not allowed for publication on the Chrome Web Store. This update also strengthens requirements for transparency in user data collection and privacy protection. The new policy will officially take effect on August 1, 2026.
中心化交易所 AscendEX 公告称，受 MiCA 等监管进展及市场、财务和运营因素影响，平台已于 2026 年 7 月 1 日起停止运营，用户已无法开户、充值、交易、兑换、质押、借贷或参与活动，账户仅保留有限的退出用途；截至 7 月 6 日，所有提现请求均需人工审核，自动提现已暂停，提现可能延迟、需补充信息或无法处理，平台目前无法保证处理时间或金额。 ZachXBT 对此评论称，AscendEX 公告承认提现“可能处理或可能不处理”，其公开热钱包仍没有足够流动资产处理其已核实的多笔七位数用户提现诉求。此前 ZachXBT 曾称，AscendEX 出现多起提现延迟或未处理报告，且部分用户提现仍未处理但充值功能仍开放。
on-chain investigator ZachXBT has released verification information, stating that crypto exchange AscendEX has officially announced its cessation of operations, and the platform's current liquid assets are almost insufficient to cover user withdrawal demands. According to the platform announcement, the shutdown is primarily due to market conditions and the EU MiCA regulatory framework. Starting July 1st, all services including account opening, trading, and deposits will be fully suspended, with only basic functions such as account inquiry and withdrawals remaining open. After July 6th, all withdrawal channels will cease automatic processing and switch entirely to manual review. The official team has candidly warned that withdrawals may be significantly delayed or even impossible to process.ZachXBT’s investigation found that pending user claims amount to millions of dollars, yet the platform’s available liquid assets in hot wallets are severely insufficient. AscendEX is currently evaluating its financial status and a plan for handling user assets, with subsequent arrangements to be announced separately.
Odaily Odaily News Siiibo Securities, the operator of a Japanese corporate bond issuance and purchase platform, announced plans to change its name to "Kabushiki Kaisha Metaplanet Securities Inc. (Metaplanet Securities Inc.)" effective July 13, 2026, and officially join the Metaplanet Group.Siiibo Securities stated that the name change is subject to approval at an extraordinary general meeting of shareholders. The company previously operated an online private placement bond issuance and purchase platform for emerging companies and individual investors under the mission of "creating free, transparent, and fair direct finance" and holds a Type I Financial Instruments Business license in Japan.Upon joining the Metaplanet Group, Siiibo will further expand its business direction. It plans to leverage the parent company's experience in Bitcoin (BTC) asset management to develop and offer BTC-based financial products to individual investors, creating a "BTC × Finance" platform.Established in 2019, Siiibo Securities currently operates an online securities platform focused on corporate bonds, offering private placement issuance and investment services. The platform has covered approximately 40 companies and over 100 bond products. After joining the Metaplanet Group, it will no longer be limited to the Venture Debt field but will explore innovative yield-generating products designed to meet diverse investor return needs.
Gate has responded on platform X to alleged user asset theft, stating: "The incident shows that the customer initiated withdrawal operations between 15:00-16:00 (UTC+8) on July 7, and reported the fund loss to online customer service at 17:00 (UTC+8) on July 8. Gate immediately activated its verification mechanism. The matter is currently under urgent investigation. Initial assessment indicates an isolated case with no system security vulnerabilities, and the website is operating normally."According to preliminary checks, the possibility of user information leakage cannot be ruled out in this incident, and the specific circumstances are still under investigation. Gate will disclose details of the event as soon as the investigation is concluded.Additionally, during the dissemination of related information, unverified content has been widely shared. We urge netizens to maintain their ability to discern credible sources.Finally, we remind all users to log in through official channels and enable two-factor authentication to ensure fund security. Protecting user asset security has always been Gate's top priority."
the legal team of the Bank of Korea has published a research paper titled "Regulatory Proposals for Foreign Remittance Transaction Laws Targeting Stablecoins," offering recommendations for regulating large-scale stablecoin transactions. Citing South Korea's current foreign exchange management regulations, the paper outlines a framework for restrictions on stablecoin transfers of over $10,000 between individuals, requiring that such transactions only be conducted between officially certified wallets, along with a pre-declaration mechanism.The institution acknowledged that fully controlling unregistered wallets presents technical hurdles. However, for anti-money laundering compliance purposes, it is necessary to strengthen restrictions on large-scale cross-border stablecoin flows. South Korean regulatory authorities have previously emphasized the need to improve monitoring systems for cross-border crypto asset transactions involving non-custodial wallets. This paper further refines and concretizes these control measures. (DigitalAsset)
According to Yoon Seung-sik, Head of Tiger Research, the Korean won stablecoin market currently lacks a real position. This is not due to a lack of potential, but because South Korea has yet to undergo sufficient market practice and discussion. Unlike the United States, which has experienced years of trial and error, regulation, and market evolution in the stablecoin space, related discussions in South Korea have only just begun. The country's financial infrastructure is already highly developed, and the real challenge lies in answering the question, "Why do consumers need to use a won stablecoin?"Yoon Seung-sik believes that the core keywords for the digital asset industry in the first half of this year are stablecoins, tokenization, and RWA. While AI Agents and DeFi hold long-term potential, they still have a considerable distance from large-scale implementation. In contrast, stablecoins and tokenization have accumulated a wealth of global practical cases, driving more institutions to accelerate their entry. It is expected that in the second half of the year, the digital asset market will continue to focus on regulatory progress, the actual implementation results of stablecoins and RWAs, as well as new narratives for the retail market. (Etoday)
Odaily, Bitget announced that the Assets Under Management (AUM) for its stock token (rToken) product has exceeded $100 million within one month of launch. As of July 6, the number of users participating in related asset trading surpassed 100,000, with cumulative trading volume reaching $671.37 million.Looking at asset distribution, rSPCX is the rToken with the highest TVL, accounting for 23.51%; rCSCO and rNVDA follow with 17.75% and 13.38%, respectively. The overall ranking indicates that early demand for rTokens was primarily driven by high-interest private market assets and technology-related targets. Among these, AI infrastructure assets, covering areas such as networks, chips, storage, and semiconductors, have formed a significant demand cluster.It is reported that rTokens, identified by the prefix "r" followed by the stock ticker (e.g., rNVDA for NVIDIA), are issued by Reality, a licensed RWA protocol under Bitget. By partnering with the compliant brokerage Alpaca, they directly connect to global liquidity pools such as Nasdaq and the NYSE. Key features include: 1:1 reserve backing of underlying assets held by a licensed custodian, 1:1 distribution of stock dividends in token form, synchronized mirroring of corporate actions like stock splits and reverse splits, and the ability to use holdings as joint margin for unified accounts and USDT-margined contracts. This allows users to hold global stock assets while still flexibly managing their capital.
on-chain investigator ZachXBT stated that the LAB token has fallen from $14 to under $2 in the past 24 hours, a drop of approximately 85%, with its fully diluted valuation (FDV) shrinking sharply from around $14 billion.ZachXBT expressed disappointment that Binance, Bitget, and Gate did not take proactive measures to prevent price manipulation. He stated that if centralized exchanges truly valued user interests, they should at least return profits from accounts suspected of market manipulation to users.He also pointed out that LAB investors were originally scheduled to begin unlocking tokens later this month, but the vesting schedule has been repeatedly modified. Insiders have long controlled nearly the entire circulating supply and have used market makers to carry out extreme price manipulation on centralized exchanges. Therefore, he "does not recommend trading LAB under any circumstances."
According to Reuters, the Reserve Bank of India (RBI) has once again called for a comprehensive ban on cryptocurrencies and is seeking to limit cryptocurrency-related exposures of banking institutions. Internal documents show that the RBI aims to explicitly prohibit banks from accessing crypto assets, while Indian tax officials also warned that offshore crypto trading activities are becoming increasingly active, significantly increasing the difficulty of regulatory enforcement.
Odaily Planet Daily reported that Korean fintech company Toss has announced a partnership with Optimism and Sunnyside Labs to jointly explore a Korean won-pegged stablecoin.In the coming months, the three parties will conduct a Proof of Concept (PoC) test to evaluate the feasibility of building compliant blockchain-based digital financial infrastructure on OP Stack, providing technical verification for applications related to a Korean won stablecoin. (The Block)
Michael Coates announced on the X platform that he has taken on the role of Chief Information Security Officer at the Solana Foundation, marking a new chapter in his career. Coates previously served as Head of Security at Mozilla, Chief Information Security Officer at Twitter, and founded Altitude Networks, a startup focused on enterprise SaaS data security, which was later acquired by CoinList.Coates stated that his future work will focus on integrating security capabilities into industry operations and application security foundations, addressing security challenges unique to cryptocurrencies, and collaborating with policymakers and standard-setting bodies to promote improvements in cybersecurity regulations.
Crypto journalist Eleanor Terrett tweeted that Judge Analisa Torres of the U.S. District Court for the Southern District of New York denied its preliminary injunction application in the case involving Kalshi, allowing the case to proceed to the motion to dismiss stage. The court held that New York State gambling law applies to Kalshi's sports event contracts, and such application is not preempted by the Commodity Exchange Act. This ruling means Kalshi has suffered another unfavorable setback in the relevant legal dispute.