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According to CoinDesk, informed sources revealed that the latest consolidated draft of the U.S. "Digital Asset Market Transparency Act" (Clarity Act) may be released as early as next week, and the Senate is expected to advance deliberations during the week of July 20. The consolidated draft was jointly negotiated by the Senate Banking Committee and the Agriculture Committee, adding over 70 pages of content and strengthening consumer protection provisions. However, the bill still faces multiple obstacles: Democrats insist on restricting business ties between senior government officials (including the President) and the crypto industry, and the parties have not yet reached a compromise on this ethics provision; additionally, issues such as federal preemption and SEC and CFTC commissioner nominations remain unresolved, and the White House has not participated in the latest negotiations. For the bill to pass in the Senate, it must reach the 60-vote threshold, and the time window is extremely limited—with only about four weeks of agenda remaining for the Senate in July and early August, and continued infighting among House Republicans further increases legislative uncertainty.
According to Cointelegraph, crypto-friendly digital banking platform Revolut announced that it will cease support for USDT in the European Economic Area (EEA) and Swiss markets by August 31, 2026, with other markets remaining unaffected. Revolut stated that this move stems from regular reviews of crypto services and risk considerations under the EU MiCA regulatory framework. Currently, Revolut has already removed USDT trading pairs for EEA users from its Revolut X trading platform. It is worth noting that Switzerland is not a member of the EU or EEA and is not directly bound by MiCA, yet Revolut has not provided an explanation for including Switzerland in the affected markets. This delisting decision aligns with the overall trend of crypto platforms in the EU—since Tether chose not to apply for authorization under the MiCA framework, multiple platforms have successively delisted USDT.
Seb Audet, CEO of DeFi portfolio tracker Zapper, announced that after nearly seven years of operation, the company has decided to fully shut down. All functions, including the website, mobile app, and API services, will officially go offline on August 3rd. Founded in 2019, Zapper was a mainstream portfolio tracking tool in the DeFi space, with features encompassing liquidity pool monitoring, yield farming tracking, DEX aggregation, and NFT support. At its peak, the project had 2 million monthly active users and processed over $13 billion in transaction volume. Zapper previously raised a $15 million Series A funding round led by Framework Ventures, with participation from investors including Mark Cuban. Seb Audet stated that after evaluating various options, the company believes an orderly shutdown is the best course of action at this time.
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.
Bitget CFD launches a new user carnival event, running from 19:00 on July 7 to 0:00 on August 1 (UTC+8). New users who complete designated transfer and trading tasks will receive a specific number of lucky draw opportunities, up to a maximum of 10. The winning rate is 100%, operating on a first-come, first-served basis. The prize pool includes USDT rewards, with a maximum of 1,000 USDT per draw. For more details, please refer to the official Bitget platform.
BIT released a daily report stating that Bitcoin performed steadily in early July, continuing its historically relatively strong seasonal performance. US President Trump's statements, such as "the US is taking over cryptocurrency," boosted market sentiment, and investors' attention also turned to the CLARITY Act, which needs to make progress before the Senate enters summer recess on August 7.
Decentralized stablecoin USDD announced on July 6 that TRON DeFi Summer has officially begun and that its summer coin-earning plan launched jointly with Binance Wallet and JustLend DAO is also live. The event runs from today until August 5 at 07:59 (Singapore Time), and participating users can share a total reward of $900,000.
TRON DeFi Summer S1, jointly launched by JustLend DAO and Binance Wallet, has officially kicked off. The event will last until August 5th, 7:59:59 (Singapore Time). Users can participate in JustLend DAO ecosystem pools with one click via the Binance Wallet DeFi feature, subscribing to assets such as TRX, USDD, JST, and SUN to enjoy Boost APR incentives and share an exclusive prize pool of $2.15 million. As the core liquidity hub of the TRON ecosystem, JustLend DAO continuously provides infrastructure support in areas such as lending, staking, and energy leasing, creating diverse yield scenarios for on-chain users. For participation guidelines and more details, please visit the official tweet and event page. TRON DeFi Summer is in full swing, and we sincerely invite all users to join this summer yield feast.
According to Cointelegraph, the South African Revenue Service (SARS) has released draft guidelines on crypto asset taxation, clarifying relevant tax treatment based on the current Income Tax Act and capital gains tax rules. The draft points out that most crypto activities such as trading, exchanging, and spending are regarded as "disposal events," which may trigger tax events; crypto assets are classified as intangible assets, rather than legal tender or foreign currency; and the donations tax rate is 20%-25%. Taxpayer intent is the key basis for determining whether they are classified as traders or long-term investors. According to SARS 2024 data, at least 5.8 million residents in South Africa hold crypto assets. The draft is now open for public comment, with a deadline of August 31.
the South African Revenue Service (SARS) released a draft guideline on crypto asset taxation on July 1, 2026, aiming to establish compliance rules for approximately 5.8 to 6 million cryptocurrency users in South Africa. The public comment period is open until August 31, 2026. According to the updated framework, crypto assets are classified as intangible assets, not as foreign currency or traditional money. Taxpayers holding these assets are not required to pay tax on unrealized gains or losses. Tax obligations arise upon the disposal of the asset. If an individual’s crypto activities are deemed to resemble business operations or short-term day trading, the profits will be classified as gross income and taxed at marginal rates ranging from 18% to 45%. If crypto assets are held as long-term investments, gains from disposal are subject to capital gains tax, with effective personal tax rates ranging from 18% to 36%. The draft also treats exchanges between different crypto assets as barter transactions, with tax consequences arising immediately at the time of the exchange based on local market value. SARS stated that it has deployed a Crypto Revenue Augmentation Unit to track and audit digital wallets and urged taxpayers who have not previously disclosed their crypto earnings to complete their filings through a voluntary disclosure program to avoid administrative penalties following stricter enforcement after the August deadline. (Bitcoin.com News).
According to the latest report from investment bank Jefferies, the U.S. "Clarity Act," although having passed a bipartisan 15:9 vote in the Senate Banking Committee, still faces significant hurdles in the subsequent legislative process. Political uncertainty may exacerbate crypto market volatility in the coming weeks. The bill aims to clarify the regulatory boundary for digital assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and is considered a core legislative framework for the U.S. crypto market structure. Jefferies pointed out that passage would significantly boost institutional participation, while delays would prolong regulatory uncertainty.Currently, Polymarket data shows that the probability of the bill passing before the end of 2026 has dropped to 48%, a significant decline from 70% in mid-May, primarily due to disputes over ethical clauses, anti-money-laundering reviews, and a tight Senate agenda. Analysts note that with approximately only 20 legislative days remaining before Congress adjourns in August, it must complete the reconciliation of House and Senate versions, procedural votes, and submission to the President for signature. If it fails to advance before the recess, it may be delayed until next year, or even further postponed due to changes in the election cycle.Jefferies believes that if the bill is enacted, it will drive the expansion of businesses such as tokenized assets, custody, staking, lending, and crypto ETFs, benefiting the development of markets like Bitcoin (BTC) and Ethereum (ETH). However, if delayed, it could suppress institutional investment in on-chain infrastructure and crypto-related IPOs.Additionally, the market expects policy uncertainty to continue affecting the stock performance of crypto-related public companies such as Circle, Coinbase, and Bullish. Jefferies added that even as regulations gradually clarify, intensified competition in the stablecoin space could become a long-term source of pressure for companies like Circle. (CoinDesk)
the core US crypto regulatory bill, the "Digital Asset Market Clarity Act" (Clarity Act), has entered a critical two-week negotiation cycle for legislation. The Senate will be in recess until July 13. During the recess, bipartisan staff, the White House, and representatives from the crypto industry will continue to negotiate outstanding differences in the bill, focusing on resolving disputes over topics such as the integration of the two bill versions from the Senate Banking Committee and the Agriculture Committee, ethics clauses, and anti-money laundering rules.If all parties successfully reach a unified compromise version, the bill could be submitted for a full Senate vote as early as late July to early August. The market generally believes that the period before the August congressional recess is the only window for the bill to be passed this year. If the vote is not completed during this phase, the probability of the bill being enacted into law within 2026 will significantly decrease. (Crypto in America)
the Ethereum Layer 2 network Base mainnet experienced a "major failure," leading to unstable production of new blocks. According to the Base status page, the issue began around 16:03 UTC.Base resumed operations after approximately two hours of downtime. This failure previously halted block production and transaction processing.The Base team stated that an invalid block triggered the related issue. They are currently investigating the root cause and recommend that node operators restart their nodes. This incident marks another network interruption for Base following its previous downtime in August 2025.
the US Senate is attempting to advance the crypto market structure bill, the "Clarity Act," in July. However, with multiple priority agendas piling up, including the National Defense Authorization Act, the Farm Bill reauthorization, and a housing bill, the time window for the bill's passage is narrowing.The Senate's agenda is packed for the coming weeks. In addition to the annual defense and farm bills, Trump stated on Wednesday that he would not support a major housing bill unless Congress first passes legislation requiring proof of citizenship for federal election voters. The housing bill also includes provisions to ban central bank digital currencies.As lawmakers will leave Washington before the August recess, if the relevant bills fail to advance before then, the political focus will shift to the November election upon their return, further reducing the floor time available for crypto legislation.Republican Senator Cynthia Lummis stated that she expects a new version of the text to be released around July 4th for final review by lawmakers, with a vote pushed forward in July. A Senate aide also noted that the "Clarity Act" will become one of the bipartisan priorities when the Senate returns in July.However, the bill still faces multiple uncertainties, including the level of Democratic support, controversy over Trump's crypto-related conflicts of interest, the priority of other major bills, and the Senate's limited agenda scheduling.
According to Crypto in America, the National District Attorneys Association, the National Association of Assistant U.S. Attorneys, the International Association of Chiefs of Police, and the National Sheriffs’ Association jointly sent a letter to Acting Attorney General Todd Blanche and Patrick Witt, Executive Director of the White House Crypto Council, expressing strong opposition to Section 604 of the “Clarity Act”—the Blockchain Regulatory Certainty Act (BRCA). Law enforcement groups argue that this provision could create regulatory loopholes exploitable by criminals for illicit activities including drug trafficking, fraud, child exploitation, sanctions evasion, and terrorist financing. Meanwhile, cryptocurrency-backed candidates achieved sweeping victories in primary elections across Maryland, New York, and Utah. Fairshake—a pro-crypto super PAC—has collectively spent over $7.6 million supporting these candidates, including $5.5 million backing Adrian Boafo, the candidate for Maryland’s 5th congressional district. Miller Whitehouse-Levine, founder of the Solana Policy Institute, warned that August 7, 2026, may be the final window for Congress to pass cryptocurrency market structure legislation. He stated that the industry is willing to make limited revisions to the BRCA provisions to address law enforcement concerns—but firmly opposes any fundamental changes that would weaken the core protections enshrined in the provision. Additionally, the House Financial Services Committee held a hearing on “The Future of Payments” the same day.
Anthropic has released the results of Phase Two of “Project Fetch,” evaluating the enhanced capabilities of its latest model in real-world robotic manipulation. Conducted in August 2025, the experiment tasked non-robotics-expert Anthropic employees with completing a series of complex tasks using off-the-shelf quadruped robots. Performance was compared between two conditions: “using Claude models for assistance” versus “relying solely on humans and the internet.” Results show that, under fully autonomous operation by the latest model—Claude Opus 4.7—the robot achieved significantly faster average completion times across all successfully executed tasks than the human team, with execution speed improved by at least 10×.
: Andrew Left, founder of the short-selling firm Citron Research, has his sentencing hearing scheduled for August 31, 2026, with a theoretical maximum sentence of up to 265 years. The final sentence will still be determined by the court based on the specific circumstances of the case.Prosecutors allege that Left frequently used short-term options expiring within 0 to 5 trading days to bet on stock price volatility in the immediate aftermath of a report or tweet. He would set limit orders in advance, with exit prices often far from the targets publicly stated by Citron. The stocks involved include Nvidia, Tesla, Facebook, General Electric, Luckin Coffee, etc. (Lawstreetmedia)
: HyperLiquid has announced an upgrade to the AQAv2 mechanism. The system will use on-chain automated trading to maintain a dynamic 1:9 balance of USDC between two core addresses in each HyperEVM block, corresponding to the contract execution layer and the treasury reserve layer, respectively.According to the mechanism design, this ratio is used for functional stratification between "high-frequency trading and liquidation liquidity" and "long-term reserves and yield pools," aiming to enhance system stability and isolate trading risks.On the technical side, the balancing process is executed automatically by the system without manual intervention. Circle is responsible for the technical deployment, while Coinbase undertakes the treasury deployment and management.Regarding the yield mechanism, AQAv2 stipulates that stablecoin issuers must distribute approximately 90% of their cost-adjusted reserve earnings generated within the Hyperliquid ecosystem to the protocol. Settlement occurs on a 30-day cumulative cycle, and the earnings will be automatically transferred to the Assistance Fund on the 8th day after the cycle ends.Additionally, the mechanism includes a transition period arrangement:1. Start of yield accrual: August 26;2. First yield payment: October 3.The market believes this design marks the evolution of stablecoins from traditional custody structures toward an on-chain infrastructure model characterized by "protocolized capital stratification + automated yield distribution."
the Chicago Mercantile Exchange Group (CME Group) announced plans to launch gold and WTI crude oil futures products available for trading 24 hours a day, 7 days a week, to meet global investors' demand for around-the-clock markets. It is reported that CME Group will launch the Micro WTI Crude Oil Futures contract on August 30, which will be one-tenth the size of the standard WTI crude oil futures contract. Meanwhile, the 1-ounce gold futures contract is planned to support 24/7 trading starting July 26. However, these products are still subject to regulatory approval. They will be listed for trading on the New York Mercantile Exchange (NYMEX) and the New York Mercantile Exchange's precious metals market (COMEX), respectively, and will be cash-settled. (Bloomberg)
NFTfi, an NFT抵押借贷平台, officially announced on X that due to the shrinking NFT market resulting in potential revenue being insufficient to cover operational costs, it has decided to gradually shut down the project over the coming months.Starting today, the platform will no longer support initiating new loans. Existing loans can be refinanced until July 31. Borrowers can repay loans at any time before August 31, and all existing loans will be executed according to their original terms. NFTfi will cease operations and take down its frontend website on August 31, 2026. The smart contracts will continue to operate autonomously on-chain, and users can directly repay loans and claim collateral through the contracts thereafter. Before the shutdown, the official team will release detailed instructions for directly interacting with the smart contracts. The Discord channel will remain open during this period to provide support.