News linked to both this project and an event.
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.
Odaily News: U.S. Senator Ron Wyden has sent a letter to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer, urging that any version of the "Digital Asset Market Clarity Act" considered by the Senate retain Section 604 to protect non-custodial blockchain developers who do not control user assets. Ron Wyden stated that developers should not be considered money transmitters simply because they create or publish software that allows users to manage their own digital assets. Coin Center Executive Director Peter Van Valkenburgh, the DeFi Education Fund, and Galaxy Digital Head of Research Alex Thorn have expressed support for this stance. Alex Thorn also noted that supporting developer protections does not mean Ron Wyden will endorse the entire CLARITY Act. Ron Wyden further stated that the provision does not protect developers involved in illegal activities and can direct law enforcement resources toward criminals and unlicensed money transmission businesses, rather than neutral software developers. (Bitcoin.com News).
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.
Sberbank, Russia's largest bank, plans to launch a cryptocurrency wallet and digital custody services, with the earliest launch expected in December. The services will be integrated into the "Sberbank Online" and "SberInvestments" platforms, pending the official implementation of Russia's forthcoming "Digital Currency and Digital Rights Law" in September.The bill is expected to establish a licensing framework for transactions, custody, fiat exchange, and cross-border settlements involving crypto assets, while also allowing eligible investors to participate in trading within set limits.Sberbank stated that users will be able to access authorized crypto assets directly within the bank's application, and a digital asset custody system will also be launched for token storage and ledger management.Against the backdrop of advancing regulations, financial institutions including the Moscow Exchange and VTB are also accelerating their deployment in digital asset-related businesses, as Russia's financial system gradually opens up to the compliant crypto market. (CoinDesk)
According to Digital Asset, the Supreme Court of South Korea released a legislative notice on the "Partial Amendment to the Civil Execution Rules" on July 2, planning to implement it on October 1 after completing the collection of opinions.
: Lorenzo Valente, ARK Invest's Director of Digital Asset Research, has questioned the stablecoin consortium project OpenUSD, expressing high skepticism about whether such consortium-style stablecoin initiatives can achieve scale. He believes that similar alliances have emerged multiple times before, including Diem and Global Dollar, but ultimately failed to form dominant network effects. Currently, the stablecoin market remains dominated by Tether and Circle, whose core advantages lie in strong network effects and instant liquidity. OpenUSD, however, may face a "cold start" problem, as its joint governance structure will severely slow down decision-making efficiency, making it prone to coordination failures under decentralized governance—resembling the governance dilemmas of DAO experiments: high collaboration costs, slow execution, and difficulty deploying capital efficiently.Furthermore, OpenUSD's economic model appears unsustainable for long-term operations. If it relies on a low-fee split mechanism, it will be unable to cover the costs of infrastructure, incentives, and market expansion.Lorenzo Valente concluded that OpenUSD resembles more of a "collection of letters of intent" than a unified product system with strong execution capabilities. He argued that in the long run, the more likely winners are single operators capable of rapid iteration and independent decision-making, rather than joint governance structures requiring multi-party consensus.
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)
According to official announcements, The Bank of New York Mellon (BNY) announced an expansion of its partnership with Circle, integrating the USD stablecoin USDC into its digital asset custody platform, making it the first stablecoin supported on the platform. Institutional clients can custody and transfer USDC at BNY, and conduct minting and redemption operations between USD and USDC through Circle.
the Australian Securities and Investments Commission (ASIC) has announced an extension of the "no-action" position for digital asset enterprises under the new licensing framework, overall extended to September 30, 2026. During this period, digital asset companies providing financial services can continue to apply for or modify Australian Financial Services (AFS) licenses, and a new operating model is permitted, allowing operations through authorized representatives or intermediary authorization arrangements of AFS licensees. The extension also applies to institutions that need to apply for a market license or a Clearing and Settlement (CS) license. Relevant entities must notify ASIC in writing of their intention to apply and conduct pre-meeting communications. ASIC stated that since the update of INFO 225 guidance in October 2025, it has received approximately 30 license applications from digital asset enterprises.
According to Cointelegraph, the Australian Securities and Investments Commission (ASIC) announced it has extended the temporary regulatory relief period for digital asset businesses applying for an Australian Financial Services (AFS) license to 30 September 2026—three months beyond the previous deadline of 30 June. This extension also broadens the scope of the relief, now covering digital asset businesses operating via authorized representatives or through intermediary arrangements with licensed firms. ASIC stated that since updating its digital asset regulatory guidance in October 2025, it has received approximately 30 license applications. Notably, this extension is independent of Australia’s Digital Asset Framework, which passed Parliament in April this year and is scheduled to take effect on 9 April 2027. ASIC warned that businesses licensed under the current guidance may still require additional authorizations once the new framework comes into force.
According to CoinDesk, Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, released a report initiating coverage of the decentralized lending protocol Aave, with a target price of $3,500 by end-2030—approximately 50 times its current price of around $70—and expects Aave to outperform both Bitcoin and Ethereum. Kendrick stated that Aave has recovered from the April 2026 KelpDAO rsETH bridge vulnerability incident, during which attackers used approximately $290 million worth of stolen tokens as collateral to borrow real assets on Aave, exposing the protocol to up to $230 million in potential losses. Assets have now begun flowing back onto the platform, and Aave’s dominant position in on-chain lending remains solid. Looking ahead, Standard Chartered forecasts that the value of tokenized assets actively used in DeFi applications will grow 37-fold by 2030. Aave—whose revenue model is directly tied to lending activity—is poised to benefit directly. Additionally, Aave’s Horizon initiative (enabling tokenized real-world asset lending in permissioned environments) and the potential relaunch of its token buyback program are viewed as key catalysts.
Ethereum co-founder, Consensys founder and CEO Joseph Lubin posted on X platform, stating that free market capitalism is the best system, but through shared protocols, the underlying economic layer has the potential to incorporate characteristics of "collective capitalism."Joseph Lubin believes that the world needs a truly trust-neutral global coordination and digital asset settlement platform, and currently only Ethereum possesses this capability, with its core advantage lying in its large-scale and rigorous decentralized design.He stated that in the future, more trust-neutral and well-funded organizations will work alongside the Ethereum Foundation to drive ecosystem development, focusing on three major areas: the Ethereum mainnet, Layer 2 networks, and private Ethereum networks. These networks will eventually become comparable in real-time, and ETH will flow freely throughout the expanded Ethereum ecosystem.
According to Forbes, as the 2026 U.S. primaries advance, political donations from the crypto industry have surged significantly. Protect Progress—a Democratic super PAC backed by the Fairshake network—is continuously channeling funds into candidates across several key districts, sparking controversy over “political narrative packaging.” Disclosures show that in the Maryland House of Delegates race alone, Protect Progress has contributed over $4.9 million to candidate Adrian Boafo; similar funding has also flowed to multiple Democratic candidates in Texas and Georgia. Meanwhile, Congress is advancing the Digital Asset Market Structure Act (the CLARITY Act), and the progress of this legislation further elevates the importance of primary election outcomes. Analysts contend that the crypto industry’s influence within the U.S. political system continues to expand, with several senators and candidates publicly endorsing regulatory frameworks for the crypto industry.
According to a post by the Crypto Council for Innovation, Illinois Governor Pritzker has signed a digital asset tax bill—widely regarded as the nation’s most punitive digital asset tax regime—which will impose a disproportionate tax burden on Illinois residents using digital assets. The Council strongly opposes the measure, warning that it will drive innovators and developers out of the state, and has issued an official letter of opposition.
U.S. Senator Cynthia Lummis stated on the X platform that the CLARITY Act will allocate $150 million to support law enforcement in tracking scammers and other criminals in the digital asset space, strengthening the crackdown on cryptocurrency-related criminal activities.
Remixpoint, a Japanese Bitcoin treasury company, has released its consolidated earnings forecast for the fiscal year ending March 31, 2027. According to the forecast, net sales for FY2027 are expected to range from ¥48.777 billion to ¥56.112 billion, operating profit from ¥6.723 billion to ¥14.058 billion, net income attributable to owners of parent from ¥5.319 billion to ¥11.443 billion, and earnings per share from ¥36.28 to ¥78.06. The digital asset management business is projected to contribute net sales of ¥5.107 billion to ¥12.442 billion, with departmental profit matching this amount. The forecast assumes a Bitcoin price range of $86,000 to $116,000, which is expected to generate valuation gains of ¥4.707 billion to ¥12.042 billion, along with approximately ¥400 million in cryptocurrency lending revenue. Additionally, the energy business is expected to achieve departmental profit of ¥2.005 billion, while the energy storage solutions business is projected to achieve departmental profit of ¥1.002 billion. The company stated that FY2027 will serve as a pivotal year for restoring profitability and enhancing contributions from growth businesses, and plans to improve transparency in revenue structure and KPI disclosures across all business segments.
According to CoinDesk, Digital Asset, the blockchain developer behind Canton Network, has announced a $355 million funding round led by a16z crypto, with participation from global institutions including ABN Amro, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group, and a subsidiary of the Abu Dhabi Investment Authority. The round exceeded its original target of $300 million, valuing the company at $2 billion. Canton Network is designed specifically for large financial institutions and enables the issuance and trading of tokenized real-world assets—such as bonds, loans, and funds—on a shared ledger, while maintaining privacy and meeting regulatory compliance requirements. In addition to financial support, a16z crypto will provide specialized assistance in development, policy, and research.
a joint letter initiated by Stand With Crypto, in collaboration with the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber, has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a full floor vote on the Digital Asset Market Clarity Act (the "CLARITY Act") as soon as possible.Over 200 crypto enterprises, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, have participated in signing the letter. The joint letter points out that the CLARITY Act would establish a comprehensive federal regulatory framework for the digital asset market, clearly delineate regulatory responsibilities, provide feasible registration pathways, protect software developer innovation, and simultaneously promote the return of more digital asset businesses to the U.S. market.The signatories stated that the bill would help retain innovation, jobs, investment, and market activity within the United States, further solidifying America's leading position in the global digital asset innovation sector.It is understood that the CLARITY Act received bipartisan support and passed committee review in the Senate Banking Committee last month. Senator Cynthia Lummis subsequently stated that the next step for the bill is to enter the full Senate deliberation stage.Additionally, 160 former national security and law enforcement officials have previously signed a letter supporting the bill. U.S. Treasury Secretary Scott Bessent and White House Crypto Advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of conflicts of interest between the Trump family and the crypto industry is still regarded as one of the main obstacles to the bill's progress. (The Block)
Cryptocurrency exchange Backpack announced the launch of Backpack Securities, enabling investors to buy, hold, and sell real stocks backed by regulated U.S. securities infrastructure—entitling them to dividends, corporate actions, and rights under systems such as ACATS and DTCC. Additionally, positions can be converted into tokenized securities freely transferable and tradable 24/7 on public blockchains like Solana. Orders are routed directly into U.S. equity market liquidity pools, with execution prices reflecting real-time market prices.
According to GlobeNewswire, WTW, a global leader in insurance and risk management, has announced the acquisition of digital asset insurance platform Redefind to strengthen its digital asset protection services. As disclosed, Redefind provides an end-to-end platform for cryptocurrency and digital asset insurance access. WTW plans to initially launch an unhosted loss recovery insurance solution in the UK to cover related expenses—including forensic investigations, asset tracing, and legal recovery—following theft or loss of digital assets.