News linked to both this project and an event.
Odaily News, August 1: trade.xyz has announced the completion of compensation distribution for the Hynix contract pricing anomaly event that occurred on July 27. Users will receive their corresponding USDC compensation without any additional action required.According to the announcement, compensation amounts are calculated based on a reference price of $1,115.5. Users with compensation under 10,000 USDC will receive the full amount directly; for amounts exceeding that threshold, an initial distribution of 9,999 USDC will be issued, and users must contact support to complete due diligence before August 15 to claim the remaining balance.At 23:01 UTC on July 27, the marked price of the SK Hynix token on trade.xyz briefly dropped from $1,127.9 to $917.25, triggering forced liquidations across numerous long positions.
Odaily News: Former US Congressman George Santos has reached a settlement with the US Commodity Futures Trading Commission (CFTC). The CFTC stated that Santos engaged in manipulative trading behavior while trading a prediction contract on Kalshi regarding whether he would attend the State of the Union address in February 2026, profiting over $17,500 from the trades.According to the CFTC's Friday announcement, Santos is required to pay $35,000 as part of the settlement, but neither admitted nor denied the regulator's findings.The CFTC stated that in the two weeks leading up to the State of the Union address, Santos repeatedly made public comments about whether he would attend the event, causing significant fluctuations in the price of the event contract. For example, while holding a "Yes" position indicating he would attend, he posted on X asking what he should wear to the State of the Union. Within hours, the price of the Yes position rose, after which Santos closed his position for a profit.The CFTC also alleged that Santos subsequently continued to post updates about his travel to Washington, D.C., including flights and train rides, and profited by trading back and forth based on market reactions to his public statements. The CFTC stated that Santos's conduct was intentional, or at least reckless. He traded in an event contract whose underlying outcome he could influence, and affected the contract price through misleading public statements or omissions of information, thereby profiting from his trading positions.Santos's attorney, Joseph W. Murray, stated in Friday's announcement that the State of the Union contract was Santos's first foray into prediction market betting.
Odaily News: Dubai-based unlicensed crypto exchange Shelbit is allegedly at the center of a $4 billion Iranian sanctions evasion network and has been accused of processing millions of dollars in cryptocurrency funds for a major illegal gambling network. Shelbit, operated by Iranian expatriate Siavash Kayvanpour, is suspected of funneling hundreds of millions of dollars through major crypto platforms and providing sanctioned entities, including the Central Bank of Iran, with access to global markets. According to U.S. and independent investigators, the operation appears to have close ties to Iran's Islamic Revolutionary Guard Corps, though direct control over Shelbit or the associated gambling network has not yet been confirmed.
Odaily News: Data submitted by the FBI to a legislative committee shows that in 2025, losses related to cryptocurrency kiosks in Texas reached $56.8 million, involving 1,179 complaints, ranking first among all U.S. states. Nationwide, related complaints totaled 13,460, with reported losses surging 58% year-over-year to $389 million. Cryptocurrency kiosks accept cash and convert it into cryptocurrency, typically located at gas stations and convenience stores. According to Texas Tribune data, there are approximately 4,000 such machines in Texas. Scammers often trick victims into withdrawing cash from their bank accounts and depositing it into the machines. Jesse Saucillo, Deputy Commissioner of the Texas Department of Banking, stated that once funds are transferred out, recovery is nearly impossible, as the money typically flows to non-custodial wallets and then into mixers and other channels. He added that AI-generated impersonation content of police and state agencies has made phone-based scams more deceptive. AARP data shows that since 2023, around 30 U.S. states have enacted laws related to cryptocurrency kiosks. Indiana imposed a full ban on such machines in March, with Tennessee and Minnesota following suit. Texas House Committee Chairman Rep. Cole Hefner said the state will consider measures that go beyond the scope of regulation.
According to the announcement on the CFTC official website, the U.S. Commodity Futures Trading Commission (CFTC) issued a Notice of Proposed Rulemaking (NPRM) on July 30 to solicit public comments on amendments to Parts 37, 38, and 39 of the regulations and sections 1.52 and 1.55, with a comment period of 60 days after publication in the Federal Register. This revision targets the increasingly common affiliations among CFTC-regulated entities, covering market participants including Derivative Clearing Organizations, Designated Contract Markets, Swap Execution Facilities, Futures Commission Merchants, and market makers, with a focus on resolving potential conflicts of interest within vertically integrated market structures. CFTC Chairman Michael S. Selig stated that the proposed rule will establish a principles-based regulatory framework for vertically integrated market structures, maintaining market integrity while avoiding stifling innovative market structures or imposing excessive compliance burdens on registered entities.
: BNY Mellon is migrating its core transfer agent records onto the blockchain to create a single, on-chain ownership ledger and reduce reliance on intermediaries. The initiative will initially support clients including Baillie Gifford, BlackRock, and BNY's own Dreyfus, covering the first fully native, UK-regulated tokenized fund and other planned tokenized products. BNY and other major banks are building blockchain-based infrastructure and tokenized deposit networks. The bank anticipates that legacy systems will continue to coexist for several more years amid persistent cybersecurity and smart contract risks.
Odaily Planet Daily: Ten European financial institutions have jointly launched Regulated Layer One (RL1), a network established as a European Cooperative in Luxembourg that has commenced operations, targeting regulated financial markets and tokenized assets. RL1 founding members include ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures, and Seturion. RL1 stated that each member holds equal decision-making power over the network's governance and development. This permissioned private network is built on infrastructure developed by German fintech company Secure Worldwide Interbank Asset Transfer (SWIAT), which has transferred ownership of the network to the cooperative. SWIAT stated that during its three-year production phase, the platform processed over 50 transactions with a total value exceeding €700 million. RL1's intended use cases include digital currencies, tokenized bonds, collateral, and blockchain-based settlement. RL1 will be led by former SWIAT Managing Director Henning Vollbehr. KfW and L-Bank will continue to support the initiative, and RL1 is in discussions with additional institutions such as NatWest regarding joining the network.
Hyperliquid co-founder iliensinc responded to the abnormal SK Hynix pricing incident on Trade.xyz this morning, stating that Hyperliquid is a permissionless blockchain, and different teams can deploy and operate markets based on its infrastructure. Among them, the xyz:SKHYNIX perpetual contract was deployed and is operated by the XYZ team. The XYZ team is currently investigating the situation and will release updates once a conclusion is reached.Iliensinc also explained that the HIP-3 market deployer is responsible for providing data such as the mark price, oracle, and external perpetual contract price. Taking the pricing mechanism of a BTC perpetual contract as an example, the protocol provides the median of the latest on-chain transaction price, the best bid price, and the best ask price as one of three price components. The other two prices are provided by the deployer, and together these three influence the final mark price.
In its financial system stability assessment report released this month, the International Monetary Fund (IMF) stated that Brazil's cryptocurrency-based cross-border fund flows have been growing steadily since 2017, with their scale now exceeding traditional capital movements. The report indicates that these fund flows are largely driven by stablecoins, which are utilized by both corporations and retail investors for efficiency and tax-related reasons. Stablecoin flows are correlated with international and local investment indicators such as the S&P 500, VIX, and Bitcoin prices, and are also influenced by exchange rates, interest rates, policy uncertainty, and changes in tax policies. The IMF noted that the Central Bank of Brazil has taken measures to regulate the virtual asset service provider (VASP) industry, but gaps remain in areas such as customer legal protection and the segregation of custodial assets. Comprehensive implementation of international standards, including the Travel Rule, is still necessary for anti-money laundering and combating the financing of terrorism (AML/CFT). The report points out that Brazil's crypto system is interconnected with the traditional financial system, and regulators need to collaborate with domestic and international counterparts to establish a more robust reporting framework. The Brazilian Congress is preparing to deliberate on Bill 4308/2024, aimed at regulating the status of stablecoins.
the Securities and Exchange Commission of Zimbabwe (SECZ) has approved 7 fintech solutions to participate in its regulatory sandbox testing framework, covering blockchain platforms, synthetic trading, crowdfunding, and tokenization services. The framework provides a regulated environment for approved participants to test products, services, and business models before entering the broader financial market. The selected entities include blockchain capital raising platform Zimbabwe Entrepreneurship Exchange, asset tokenization platform Ndarama Standard, synthetic trading platform Questview Brokers, and web-based crowdfunding platform Crowdaxe Capital. Procode Platforms, Financial Securities Exchange, and Colmin Resources Zimbabwe were also approved, with their business focusing on tokenizing assets, infrastructure, or securities. SECZ stated that the objectives of the testing program include promoting responsible innovation, enhancing financial inclusion, and fostering fair, transparent, and efficient development of Zimbabwe's capital market. SECZ will continuously monitor and evaluate participants during the testing period and may issue further directives, guidelines, or operational requirements as needed.
according to data from the Korea Exchange, the combined daily trading volume of 16 single-stock leveraged and inverse ETFs tracking Samsung Electronics and SK Hynix fell below the 10 trillion won mark this Monday (July 27), dropping to 7.46 trillion won. This represents a 27% decrease from the previous trading day and a more than 30% decline compared to the average daily trading volume of the previous week. Their share of the total trading volume in the Korean ETF market also fell to 36.9%. Among these, products related to SK Hynix still dominated trading, accounting for approximately 70% of the total trading volume of all single-stock leveraged and inverse ETFs.Market analysts believe the cooling of trading is mainly due to new regulations from South Korea's financial authorities. Starting July 31, individual investors in South Korea who newly purchase or increase holdings of single-stock leveraged ETFs/ETNs must maintain a cash-based margin of at least 30 million won. Additionally, regulators plan to raise the minimum trading unit to further curb high-frequency short-term trading. (Duam)
: Hong Kong-based digital asset services company HashKey Holdings has merged HashKey Exchange and HashKey Global into a single platform and application, serving users across Hong Kong, global markets, Singapore, and the Middle East. HashKey stated that its core jurisdictional hubs, including Hong Kong, Singapore, Dubai (Middle East), and Bermuda, have been integrated into the same platform. Users download the same application, and the platform manages local compliance requirements based on the user's region.
South Korean trading company POSCO International and LG CNS are conducting a pilot program to deploy real-time trade receivables on the Injective blockchain, aiming to accelerate payment processes among its global subsidiaries. By placing receivables on a shared blockchain ledger, the two parties create a single, transferable record embedded with compliance rules, reducing reconciliation time between buyers, sellers, and banks. POSCO plans to advance this project into a live production environment after the pilot. The initiative involves blockchain applications such as trade finance, stablecoin-based funds transfer, and asset tokenization.
the WEMIX team has issued an announcement stating it is urgently investigating a potential security incident involving the WEMIX 3.0 network. Signs have been detected suggesting that contract ownership may have been compromised. The relevant team is currently verifying the facts and assessing the impact of the incident, and will release the investigation results and subsequent response measures as soon as possible based on the progress of the investigation. Until further official updates are released, WEMIX reminds users to exercise caution regarding unverified information and to maintain a high level of vigilance when transacting or investing in related assets.
According to PR Newswire, institutional digital asset infrastructure provider Talos announced the completion of its integration with CFTC-regulated exchange Kalshi, enabling institutional clients to directly trade Kalshi event contracts and crypto perpetual contracts via the existing Talos interface without requiring additional access. Talos has launched two core features for this: first, an algorithmic trading suite for market makers and hedge funds (including strategies such as TWAP and POV), supporting spread trading between perpetual contracts and between perpetual contracts and spot; second, a block OTC trading interface based on the RFQ platform, connecting the OTC liquidity provider network.
Cardano ecosystem wallet SecondFi announced that due to a cryptographic defect in its wallet software, approximately 16.1 million ADA (worth around $2.6 million) were stolen. The platform will gradually shut down the SecondFi and Yoroi wallet services. This incident has affected 374 wallets. SecondFi stated that an independent investigation by blockchain intelligence agency Groom Lake identified the attackers as a sophisticated external actor and found indicators potentially linked to North Korea's Lazarus Group, though attribution has not yet been confirmed. SecondFi is developing a recovery tool based on zero-knowledge proofs to help affected users recover assets while limiting the information that needs to be shared. The tool is still being tested and will undergo third-party audits before its planned release in August. SecondFi is also preparing a wallet export feature to allow users to migrate their assets to other services. The platform has not announced a direct compensation plan, nor has it indicated whether it will use its own funds to compensate users.
Ethereum Improvement Proposal EIP-8222 plans to leverage STARK-based cryptographic mechanisms to separate staking deposits from withdrawals and re-anonymize validators, aiming to reduce the traceability of validator activity. Currently, approximately one-third of all ETH is staked. Thibault Dubuis, Head of Staking and Decentralized Finance Products at Sygnum Bank, stated that current deposit addresses, validators, and withdrawal credentials form visible links, making institutional holdings sizes, entry timings, and staking strategies nearly public. The proposal remains in the discussion phase, with no deployment timeline yet announced. Its design may involve fixed deposit denominations, asset withdrawal waiting periods, and other arrangements, potentially requiring institutional users to bear higher execution costs, process delays, and compliance overhead.
Odaily, July 21 - Microsoft and French AI startup Mistral AI announced an expansion of their strategic partnership on July 21, signing a multi-billion dollar agreement centered on European AI infrastructure to enhance AI computing capabilities in the region. Under the agreement, Microsoft will leverage Mistral's expanded European GPU infrastructure to support its cloud computing and AI services. This infrastructure will be based on thousands of Nvidia Vera Rubin GPUs.In terms of products, the Mistral Medium 3.5 and OCR 4 models are now available on the Microsoft Foundry platform, and Mistral Medium 3.5 has also been integrated into Microsoft Copilot Studio for agent applications, document processing workflows, and industry-customized workflows. Additionally, the two parties will expand AI deployment options through Azure and Azure Local, supporting cloud, cloud-connected, and fully offline environments, targeting industries with high data compliance requirements such as finance, healthcare, and manufacturing.
According to Reuters, the Johor state government of Malaysia has revoked the business license of the digital nomad community Network School, founded by American investor and former Coinbase CTO Balaji Srinivasan, and required it to cease all operations in Forest City starting from July 22. The project was previously investigated after being accused on social media of assisting Israeli citizens in entering Malaysia, but the immigration department stated after inspection that the relevant members held valid travel documents. The Johor state government stated that the decision to revoke the license was made based on inspection reports, law enforcement results, and the company's statements.
According to Chaoxiang Research, UBS released a SemiBytes Flash Note on July 20, 2026, judging that the semiconductor sector is transitioning from a broad-based rally to a phase of severe divergence, while the AI-themed crowded trade continues. The report covers five core topics. The release of Kimi K3 drives another upgrade in open-source model scale; longer context windows boost demand for HBM and storage, with NVIDIA being the biggest beneficiary. Micron's cumulative free cash flow over the next few years is expected to exceed $400 billion; after the buyback ban is lifted, the theoretical buyback ratio could exceed 40%, which is not yet fully priced in by the market. Divergence within the analog chip sector is intensifying; stocks with higher AI exposure have gained a 42x P/E premium, while valuations for stocks with automotive and industrial exposure remain near historical averages. Position crowding data shows that Lam Research, Broadcom, Seagate, Micron, and AMD remain in a state of extreme long positioning crowding.