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Regulation/Compliance

News linked to both this project and an event.

US Senate Releases New Version of Clarity Act to Fine-Tune DeFi Regulations

US Senate Republicans released the latest version of the Clarity Act (Digital Assets Market Clarity Act), adjusting compliance requirements for DeFi entities and credit union provisions. Due to a lack of consensus on ethical protocols, Democrats have expressed reservations, leaving the bill's path to passage uncertain.

Blockchain Association and CCI File for Injunction to Halt Illinois' 0.2% Digital Asset Transaction Tax

Odaily News – The Blockchain Association and the Innovative Crypto Council (CCI) have filed a motion for a preliminary injunction with the Circuit Court of Sangamon County, Illinois, seeking to halt the 0.2% digital asset franchise transaction tax scheduled to take effect on January 1, 2027, during the pendency of litigation. The tax applies to crypto entities established in Illinois or providing services to Illinois residents with annual gross revenues exceeding $100,000. The two lobbying groups had previously sued Illinois over the measure and, together with the Chamber of Digital Commerce, argue that the law violates the federal Internet Tax Freedom Act as well as the Due Process and Interstate Commerce clauses of the U.S. Constitution.

CZ Responds to Binance’s $4.3 Billion Fine: Bore the Pressure for the Industry, Considers It Worth It

According to HK01, Binance founder Changpeng Zhao recently traveled to Hong Kong to attend the 2026 Bitcoin Asia Conference. During an exclusive interview with HK01, he discussed his memoir *Binance Life*, his time in prison, and Binance's $4.3 billion fine. He revealed that most of the memoir's initial draft was completed while incarcerated. Due to strict conditions limiting computer use to 15-minute sessions without copy-and-paste functionality, he had to rely on fragmented moments to write.

NES holdings inflated to $50 million, Cosmos EVM exploit attacker actually profited about $60,000

According to Odaily, an investigation into the security vulnerability exploit of the Cosmos EVM module reveals that the primary attacker (0x9AE7) purchased $250,000 worth of NES and bridged it to Nesa Chain, exploiting a balance vulnerability to inflate holdings to 200 times their original size, then bridged approximately $50 million worth of NES back to Ethereum. The attacker's initial funding for the wallet originated from Monero. Through multiple wallets, the attacker exchanged NES for ETH on DEXs and deposited the proceeds into centralized exchanges. Due to rapid liquidity withdrawal, most exchanges suffered extreme slippage, and the attacker ultimately sold for only $315,000, netting a profit of approximately $60,000 after deducting costs.

Grayscale Chief Legal Officer: Zcash Ecosystem Enters a New Phase of Institutionalization After Nearly a Decade of Development

Odaily News Digital asset manager Grayscale Investments' Chief Legal Officer Craig Salm stated that the company's Zcash investment product has been upgraded to the world's first Zcash Exchange-Traded Product (ETP), marking a move of privacy-focused crypto assets into broader compliant investment channels. Following the launch of this Zcash ETP, investors can gain exposure to ZEC through SEC-registered traditional financial products. Grayscale noted that this signifies the Zcash ecosystem, after nearly a decade of development, is entering a new phase of institutionalization.Salm recalled that Grayscale launched the Zcash Investment Trust in 2018, when the ZEC trust product was just one of four products offered by the company. After years of regulatory engagement, the product was recently converted into the Zcash ETP, with the ticker symbol ZCSH. The process of bringing the Zcash product to the public market was not easy. Due to ZEC's privacy features, the company underwent greater regulatory scrutiny when launching its first publicly quoted Zcash fund in 2021, but ultimately completed the product rollout.Data shows that the adoption rate of Zcash's private transaction features has been steadily rising recently. In February 2026, ZEC shielded transactions reached an all-time high of 59.3% of total transactions, and after the latest Ironwood upgrade, it has again approached this level. Currently, the shielded pool holds approximately 4.4 million ZEC, accounting for about 26% of the circulating supply.

Altcoin market cap surges $215 billion in 3 days, Trump policy signals drive capital back into crypto

Odaily News - CryptoQuant analyst Darkfost stated on the X platform that the altcoin market has recently shown clear signs of recovery, with market structure undergoing changes, and "Altseason" may have entered its early stages. Data shows that from August 19 to 22, the total market cap of altcoins increased by approximately $215 billion, surging over 24% in just 3 days, pushing the total altcoin market cap back above $1 trillion.Darkfost pointed out that mid- and small-cap altcoins have performed the strongest in this rally. Due to their lower circulating market caps, these assets are more sensitive to capital inflows, while also carrying higher two-way volatility risks.Data from the Binance platform further reinforces the signals of an altcoin market recovery. Since last November, approximately 80% to 85% of altcoins have remained below the 200-day moving average (200-DMA), but currently 56% of Binance-listed altcoins have climbed back above this key technical indicator, suggesting the market may be entering a new cyclical phase.Darkfost believes this trend reversal is linked to a series of positive cryptocurrency signals recently released by Trump. On August 19, Trump stated that the U.S. would "massively purchase Bitcoin" and urged Congress to push through the CLARITY Act, while claiming his administration had ended previous unfriendly policies toward the crypto industry. These remarks boosted market sentiment, and against a backdrop of low trading volume and reduced selling pressure, substantial capital began flowing into the altcoin market, driving gains across multiple sectors simultaneously.Darkfost noted that from a historical perspective, the current broad-based altcoin rally is typically viewed as an important signal of the early stage of altseason. However, he also cautioned that the market has entered overbought territory in the short term, and investors should be wary of periodic pullbacks. If the overall upward momentum continues, new investment opportunities may still emerge down the road.

OpenAI Tightens Internal Testing Controls for Astra Model Due to Network Security Risks

据 CNBC 报道,OpenAI 表示,因担忧未发布模型 Astra 可能具备自主发起网络攻击的能力,公司已暂停部分内部活动,并加强高能力模型的隔离测试、监控与检测措施。与此同时,Meta、Anthropic 等机构近期也出现涉及 AI 系统的安全事件,推动美国与欧盟加快前沿模型监管与风险控制措施的制定。

United States Senate Launches Review Process for the Digital Asset Market Clarity Act, with Preliminary Vote Expected Next Month

Odaily News: The Senate Majority Leader submitted a motion early Saturday morning to begin consideration of the Digital Asset Market Clarity Act, following a late-night voting session in the Senate. Due to the late timing of the motion, the Senate will not be able to vote on the crypto market structure bill before the August recess. The motion paves the way for an almost immediate preliminary vote on the bill when the Senate reconvenes next month. Lawmakers still need to reach agreements on government ethics, enforcement provisions, and issues such as stablecoin yield and rewards before the bill can move forward smoothly.

Michael Saylor: Not Forced to Sell Bitcoin Due to Losses, Will Continue to Be a Net Buyer in the Future

: Michael Saylor posted on X platform that the company announced its BTC monetization plan on June 29, which was earlier than the release of its second-quarter earnings, and it was not introduced after incurring losses.He stated that the company has never adopted a policy of "never selling Bitcoin," and the BTC monetization plan does not necessarily mean the company must sell Bitcoin. The company expects to continue being a net buyer of Bitcoin in the future.

South Korean Stock Market Volatility Triggers "Reverse Capital Migration": Over 24 Trillion Korean Won Flows into Time Deposits at Five Major Banks

According to Korean media Daum, volatility in the South Korean stock market has recently intensified, investor risk appetite has clearly cooled, and funds are flowing back from the stock market to safe-haven assets such as banks. Due to adjustments in the semiconductor sector and stricter regulation on leveraged investment, idle funds in the South Korean stock market are withdrawing rapidly, and the market is exhibiting a phenomenon of "reverse capital migration". Data shows that as of the end of July, the time deposit balance at South Korea's five major banks (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup) reached 973.49 trillion won, an increase of 24.09 trillion won from the end of the previous month, marking the largest single-month increase this year. Funds related to the stock market also showed significant contraction. According to data from the Korea Financial Investment Association, investor securities account deposits (idle funds for stock trading) reached a historical high of 139.69 trillion won on June 4, but as of July 28, had fallen to 107.20 trillion won, a decrease of over 32 trillion won in less than two months. The balance of credit transaction financing, representing the scale of market margin trading, fell to 33.19 trillion won during the same period, a decrease of about 4.5 trillion won from the peak of 37.72 trillion won set on July 2, a decline of approximately 12%.

Claude Adjusts Subscription Strategy Due to Compute Pressure, Fable 5 Included in High-Tier Plan with 50% Quota Limit

Claude announced that effective July 20, Fable 5 will be officially included in the Max and Team Premium subscription plans, and users will receive usage rights equivalent to 50% of the full quota. Pro and Team Standard users can still access Fable 5 by using credits and will receive a one-time $100 quota compensation. Claude stated that due to the difficulty in accurately predicting the scale of demand after Fable 5's launch, a phased rollout strategy was previously adopted, and the scope of subscriber access was expanded multiple times as compute resources increased. This process brought uncertainty to some users, so this adjustment aims to allow users to more clearly understand the model usage rights included in the subscription plans. In the future, continued investment will be made to expand compute capacity, and Fable 5's access policy will be continuously updated based on capacity conditions.

NOXA Experiences Brief Outage Due to Cloudflare Issue, Developing Decentralized Solution

Odaily News: NOXA posted on platform X, stating that its platform domain experienced a brief outage due to an issue with Cloudflare, with the IP address suspected to be blocked. The team is investigating the specific cause and confirmed it is developing a decentralized solution that will host the interface on IPFS via an ENS domain.

"Huawei Genius Youth" Li Bojie Responds to ABCDE Capital Investment Dispute: Investment Funds Not Fully Received, Resigned Due to Family Reasons

In response to public accusations by Du Jun, Co-founder of Huobi and ChainUP and Founder of Vernal Capital, Metagent Co-founder and former CTO Li Bojie (@bojie_li) issued a response. Li Bojie stated that ABCDE Capital committed to investing $1.5 million in the investment agreement, but actually only $500,000 was received, with the remaining $1 million never arriving, yet the company's cap table continued to record their equity based on the $1.5 million share. Affected by this, he and the co-founders voluntarily reduced their salaries, and the company's recruitment and R&D also fell into difficulties. In October 2024, Li Bojie officially resigned with board approval, citing personal family reasons preventing him from leaving mainland China and compliance risks existing in Web3 projects. He stated that during his tenure, he always fulfilled the responsibility of disclosing the cap table and business status on schedule, and after resignation, he also complied with non-compete clauses, voluntarily avoiding startup projects in fields such as Web3, AI infra, and image generation. Previously, Du Jun publicly posted stating that Li Bojie is the "founder with the least contractual spirit" he has ever cooperated with, accusing him of refusing to fulfill basic obligations agreed in the investment agreement, including refusing to synchronize business progress and financial status with investors, and subsequently losing contact.

Privacy Protocol Hinkal Pauses Affected Smart Contracts Due to Abnormal USDC Transactions on Ethereum Chain

Decentralized privacy protocol Hinkal Protocol announced that it has detected abnormal activity involving USDC on the Ethereum network within its system. Currently, only the Ethereum blockchain is affected, while other chains remain unaffected. As a precautionary measure, the affected smart contracts have been paused, and a comprehensive investigation and analysis of relevant on-chain transactions and activities is currently underway. The investigation is still ongoing, and updates will be released once information is confirmed.

South Korea's Mirae Asset Securities Failed to Obtain SpaceX IPO Shares Due to Misunderstanding and Faces Regulatory Inspection

According to Bloomberg, SpaceX's record-breaking IPO was originally viewed as a significant opportunity for South Korea's Mirae Asset Securities to expand its international investment banking business, but due to communication misunderstandings during the allocation process, the broker ultimately did not receive any allocated shares. Following the incident, Mirae Asset Securities has apologized to clients, and South Korean regulators have also intervened to inspect its relevant business processes and internal management.

Changpeng Zhao: Binance Greece MiCA Application Was Originally Close to Approval, Later Withdrawn Due to Political Factors

Binance founder Changpeng Zhao stated that Binance's license application submitted in Greece under the EU Markets in Crypto-Assets Regulation (MiCA) was originally "fully compliant" and was close to approval by at least one EU regulatory authority, but was subsequently withdrawn due to political interference. Zhao stated that this move represents a loss for both Binance and the European market.

CZ: Binance’s Greek MiCA License Application Was Nearly Approved, Withdrawn Due to External Factors

Binance founder CZ stated that the company's MiCA license application in Greece fully met regulatory requirements before its withdrawal and was close to approval. However, the process was ultimately disrupted due to the intervention of "external political factors."In an interview, CZ mentioned that several countries within the EU had expressed interest in the license, with some even showing a degree of "competitive pursuit." Ultimately, the regulatory progress was affected by factors outside the regulatory sphere, forcing the withdrawal of the application. Binance formally withdrew its Greek application last week and stated it would pursue MiCA authorization in other EU member states. Addressing market rumors linking him to high-level EU political figures, CZ said he had not seen any verifiable documents and had only encountered similar claims online, which he could not confirm.CZ also noted that the MiCA transitional period in the EU is set to end on July 1st. After that date, platforms without a license must cease related services. National regulatory bodies have made it clear there will be no extensions. He described the outcome as a "lose-lose situation" and, citing the regulatory histories of Japan and Singapore, emphasized that compliance processes often require a longer cycle.Furthermore, when discussing Strategy's STRC preferred stock product, CZ described its structure as "too complex" and said he found it difficult to fully understand its mechanism. However, he stressed that he was not making a judgment on the credibility of its founder, Michael Saylor, whom he considers a "staunch Bitcoin supporter." (The Block)

Binance to Halt Services for Certain EU Customers Next Week Due to Lack of MiCA License

According to the UK’s Financial Times, Binance will cease serving certain customers in the European Union starting next week due to its failure to obtain a license under the EU’s Markets in Crypto-Assets Regulation (MiCA), and has already notified customers in Poland, Italy, Spain, and France to withdraw their funds.

Polymarket probability drops to 41% that "Claude Fable 5 will be restored for US customers by June 26," down 16% in 24 hours

Odaily Seer Channel monitoring shows that the probability on Polymarket for "Claude Fable 5 will be restored for US customers by June 26" has dropped to 41%, down 16% in 24 hours.Due to US government export controls imposed on national security grounds, Anthropic suspended global access to the Claude Fable 5 model just days after its release on June 9.Latest reports indicate that Anthropic executives have submitted a proposal to US Commerce Secretary Howard Lutnick, pledging closer collaboration with the White House and working to address the security concerns that led to restrictions on its powerful "Mythos" and "Fable" models.Sources familiar with the matter say that during ongoing remediation negotiations, Anthropic has committed to resolving any security issues more quickly in the future, though there is currently no exact timeline for a complete resolution. Another insider stated that Anthropic co-founder and Chief Computing Officer Tom Brown, along with Head of Public Policy Sarah Heck, are leading negotiations with Trump administration officials. Representatives from both Anthropic and the Department of Commerce did not respond to requests for comment.Odaily Seer Channel continues to monitor prediction markets, seeing changes before they are priced in.

Japanese police crack stablecoin money laundering case: Fraud funds converted into crypto assets, experts warn of regulatory challenges

stablecoins, which have gained attention from governments and financial institutions as a new type of electronic payment tool, are now being used by some criminal groups for money laundering. Due to their peg to fiat currencies, low price volatility, and fast transfer speeds, fraud groups have begun converting funds obtained from special scams into stablecoins to conceal the source of funds.In March this year, the Osaka Prefectural Police arrested three men on suspicion of violating the Organized Crime Punishment Law, accusing them of assisting an investment fraud group in money laundering. Police stated that the three individuals converted approximately 14 million yen from 10 victims across six prefectures into crypto assets, including stablecoins, in an attempt to obscure the flow of funds.According to investigations, the trio engaged in over-the-counter (OTC) crypto asset transactions conducted directly between individuals without the involvement of exchanges, and police believe they may be involved in money laundering activities totaling billions of yen.The report notes that while stablecoins operate on blockchain technology, offering features such as tamper-proof transaction records, their rapid cross-border transfer capabilities and peer-to-peer transaction models also increase the difficulty of tracking.Naoyuki Iwashita, Professor Emeritus at Kyoto University, stated that once digital assets are exploited by criminals, subsequent investigations and fund tracing will face greater challenges. As the application of stablecoins expands in the Japanese market, industry insiders believe that strengthening anti-money laundering (AML) measures and transaction oversight will become prerequisites for their further development. (Kyodo News)