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Project Overview
Joint protocol is a peer-to-peer system that allows users to exchange cryptocurrencies (ERC20 Tokens) for off-chain assets like fiat, gift cards, and other real-world assets (and vice versa). It is also capable of allowing exchange between any two on-chain assets.
44 State Attorneys General Send Joint Letter to CFTC: Regulatory Authority Over Sports Prediction Markets Does Not Belong to Federal Government
According to The Block, 44 state attorneys general led by Ohio Attorney General Andy Wilson jointly submitted a public comment letter to the Commodity Futures Trading Commission (CFTC), stating that the CFTC's proposed rules exceed the authority granted by the Commodity Exchange Act and requesting them to redraft new rules compliant with the Constitution. The letter emphasized that sports betting has historically fallen under state-level regulatory jurisdiction, and the federal government has never intervened. Meanwhile, the NFL also wrote to CFTC Chairman Michael Selig, requesting to curb the expansion of sports prediction markets, arguing that the current proposed rules are insufficient to protect the integrity of events. Currently, the legal battle between states and the CFTC continues to intensify: a Minnesota court ruled to suspend the enforcement of the state's prediction market ban, allowing Kalshi and Polymarket to continue operations; however, a New York federal judge again refused to block New York State from enforcing gambling laws against Kalshi, and Michigan and Washington states have also issued temporary injunctions restricting Kalshi from conducting sports event contract business locally.
UK and US Issue Joint Statement on Stablecoins, Promoting Cross-Border Regulatory Coordination
The core content of the statement includes: both countries recognize stablecoins as an important carrier of digital currency innovation and support their application in cross-border payments, settlement, and tokenized financial markets; stablecoins must be backed by sufficient reserves of high-quality liquid assets at a minimum ratio of 1:1, and reserve assets must be strictly segregated from the issuer's own funds; both countries will provide timely, clear, and consistent legal pathways for stablecoin regulation, avoiding setting disproportionate reserve requirements or market access barriers.
U.S. and UK Treasuries Release Joint Statement and Recommendations to Promote Stablecoin Innovation
The U.S. Department of the Treasury and the UK's His Majesty's Treasury have issued a joint statement and recommendations as part of the "Transatlantic Working Group for Future Markets." The working group recommends that the Bank of England, the FCA, along with the U.S. CFTC and SEC, develop regulatory frameworks for tokenized assets while requiring the FCA and SEC to explore measures to facilitate cross-border financing. In terms of specific recommendations, both the U.S. and UK propose: supporting the development of stablecoins, tokenized deposits, and similar digital assets; promoting market competition and innovation; and establishing higher standards for asset custody, reserve segregation, and consumer protection. (The Block)
ESMA Launches Joint Supervisory Action on Digital Operational Resilience for Crypto-Asset Service Providers
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.
Coinbase and Other Crypto Institutions Send Joint Letter to U.S. Senate Urging Passage of the CLARITY Act
the crypto advocacy groups Blockchain Association and CCI, together with over 120 industry institutions including Coinbase, Ripple, Kraken, and Circle, have sent a joint letter to the U.S. Senate Banking Committee, urging an accelerated review process for the CLARITY Act. The industry parties stated that the United States needs to establish a unified regulatory framework for digital asset markets, clarify regulatory responsibilities, and strengthen investor protection. They emphasized that relying solely on enforcement-based regulation cannot create a long-term stable environment. The institutions warned that prolonged policy ambiguity will lead to an outflow of capital, talent, and technology, weakening America's strategic advantages. They also called for the development of tailored federal unified regulatory rules for stablecoins, tokenized assets, and decentralized technologies.
Pakistan draws a red line with Iran: an attack on Saudi Arabia will be considered an attack on Pakistan
As the conflict between the United States and Iran continues to escalate, Pakistan has conveyed a clear stance to Iran that any attack on Saudi Arabia will be considered an attack on Pakistan. The Pakistani government and military have communicated this position to the highest levels of Iran. According to the Joint Strategic Defense Agreement signed between Pakistan and Saudi Arabia in 2025, an attack on either party will be regarded as aggression against both. Sources revealed that Iran has informed the Houthis that if the United States attacks Iranian power facilities, the Houthis will consider blocking the Bab el-Mandeb Strait. The Houthis are reportedly deploying missiles and drones near the Strait. Pakistan stated that it hopes all parties will exercise restraint and ease regional tensions through diplomatic means.
G7: Calls for Joint Action Against North Korean Cryptocurrency Theft and Cybercrime
leaders of the Group of Seven (G7) issued a statement at the G7 summit in Évian-les-Bains, France, once again calling for joint action to combat North Korean cryptocurrency theft and cybercrime. United Nations security researchers have linked North Korea's cryptocurrency theft to the funding of its weapons programs.Previously, attacks suspected to be linked to North Korean hackers included a $285 million attack on Drift Protocol in April and a $36 million breach on Humanity Protocol in June. According to Chainalysis data, North Korean hackers stole at least $2 billion in cryptocurrency in 2025, bringing their historical total theft amount to at least $6.75 billion. (Cointelegraph)
44 State Attorneys General Send Joint Letter to CFTC: Regulatory Authority Over Sports Prediction Markets Does Not Belong to Federal Government
According to The Block, 44 state attorneys general led by Ohio Attorney General Andy Wilson jointly submitted a public comment letter to the Commodity Futures Trading Commission (CFTC), stating that the CFTC's proposed rules exceed the authority granted by the Commodity Exchange Act and requesting them to redraft new rules compliant with the Constitution. The letter emphasized that sports betting has historically fallen under state-level regulatory jurisdiction, and the federal government has never intervened. Meanwhile, the NFL also wrote to CFTC Chairman Michael Selig, requesting to curb the expansion of sports prediction markets, arguing that the current proposed rules are insufficient to protect the integrity of events. Currently, the legal battle between states and the CFTC continues to intensify: a Minnesota court ruled to suspend the enforcement of the state's prediction market ban, allowing Kalshi and Polymarket to continue operations; however, a New York federal judge again refused to block New York State from enforcing gambling laws against Kalshi, and Michigan and Washington states have also issued temporary injunctions restricting Kalshi from conducting sports event contract business locally.
Jensen Huang's First X Post: Over 20 Institutions Including NVIDIA Sign Joint Letter Supporting Open-Weight AI Models
NVIDIA CEO Jensen Huang has published his first post on X, sharing an open letter titled "Open Weight and American AI Leadership," jointly signed by more than 20 technology companies and institutions, including NVIDIA.The open letter argues that open-weight models can expand economic access to AI, enhance market competition, and grant users more control. Signatories include Meta, Microsoft, Andreessen Horowitz, Hugging Face, IBM, Mistral AI, Palantir, Perplexity, Mozilla, Y Combinator, among others.The letter states that while open-weight models carry risks, they should not be restricted through bans. Instead, openness should be leveraged to advance AI safety and cybersecurity capabilities. Huang noted: "The world needs cutting-edge closed-source models, and it also needs cutting-edge open models."
Pakistan draws a red line with Iran: an attack on Saudi Arabia will be considered an attack on Pakistan
As the conflict between the United States and Iran continues to escalate, Pakistan has conveyed a clear stance to Iran that any attack on Saudi Arabia will be considered an attack on Pakistan. The Pakistani government and military have communicated this position to the highest levels of Iran. According to the Joint Strategic Defense Agreement signed between Pakistan and Saudi Arabia in 2025, an attack on either party will be regarded as aggression against both. Sources revealed that Iran has informed the Houthis that if the United States attacks Iranian power facilities, the Houthis will consider blocking the Bab el-Mandeb Strait. The Houthis are reportedly deploying missiles and drones near the Strait. Pakistan stated that it hopes all parties will exercise restraint and ease regional tensions through diplomatic means.
UK and US Issue Joint Statement on Stablecoins, Promoting Cross-Border Regulatory Coordination
The core content of the statement includes: both countries recognize stablecoins as an important carrier of digital currency innovation and support their application in cross-border payments, settlement, and tokenized financial markets; stablecoins must be backed by sufficient reserves of high-quality liquid assets at a minimum ratio of 1:1, and reserve assets must be strictly segregated from the issuer's own funds; both countries will provide timely, clear, and consistent legal pathways for stablecoin regulation, avoiding setting disproportionate reserve requirements or market access barriers.
U.S. and UK Treasuries Release Joint Statement and Recommendations to Promote Stablecoin Innovation
The U.S. Department of the Treasury and the UK's His Majesty's Treasury have issued a joint statement and recommendations as part of the "Transatlantic Working Group for Future Markets." The working group recommends that the Bank of England, the FCA, along with the U.S. CFTC and SEC, develop regulatory frameworks for tokenized assets while requiring the FCA and SEC to explore measures to facilitate cross-border financing. In terms of specific recommendations, both the U.S. and UK propose: supporting the development of stablecoins, tokenized deposits, and similar digital assets; promoting market competition and innovation; and establishing higher standards for asset custody, reserve segregation, and consumer protection. (The Block)
Metaplanet, JPYC, and Progmat Launch Joint Research on Bitcoin-Backed Digital Credit Products
Metaplanet, JPYC, and Progmat have initiated a joint research study on Bitcoin-backed digital credit products that support round-the-clock trading and daily interest accrual. (Solid Intel)
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44 State Attorneys General Send Joint Letter to CFTC: Regulatory Authority Over Sports Prediction Markets Does Not Belong to Federal Government
According to The Block, 44 state attorneys general led by Ohio Attorney General Andy Wilson jointly submitted a public comment letter to the Commodity Futures Trading Commission (CFTC), stating that the CFTC's proposed rules exceed the authority granted by the Commodity Exchange Act and requesting them to redraft new rules compliant with the Constitution. The letter emphasized that sports betting has historically fallen under state-level regulatory jurisdiction, and the federal government has never intervened. Meanwhile, the NFL also wrote to CFTC Chairman Michael Selig, requesting to curb the expansion of sports prediction markets, arguing that the current proposed rules are insufficient to protect the integrity of events. Currently, the legal battle between states and the CFTC continues to intensify: a Minnesota court ruled to suspend the enforcement of the state's prediction market ban, allowing Kalshi and Polymarket to continue operations; however, a New York federal judge again refused to block New York State from enforcing gambling laws against Kalshi, and Michigan and Washington states have also issued temporary injunctions restricting Kalshi from conducting sports event contract business locally.
OpenAI Researcher Praises AMD and Cerebras Joint AI Inference Solution, Estimates 5x Performance Per Watt Improvement
OpenAI researcher Jeffrey Wang described the performance of the AI inference solution jointly developed by AMD and Cerebras as "incredible". The solution integrates the AMD Helios rack with the Cerebras wafer-scale engine, handling prompts and token generation stages separately, and is estimated to increase tokens per second per watt by 5 times. This technical approach optimizes inference performance through heterogeneous computing, reflecting the continued focus of leading AI labs on reducing inference costs.
Jensen Huang's First X Post: Over 20 Institutions Including NVIDIA Sign Joint Letter Supporting Open-Weight AI Models
NVIDIA CEO Jensen Huang has published his first post on X, sharing an open letter titled "Open Weight and American AI Leadership," jointly signed by more than 20 technology companies and institutions, including NVIDIA.The open letter argues that open-weight models can expand economic access to AI, enhance market competition, and grant users more control. Signatories include Meta, Microsoft, Andreessen Horowitz, Hugging Face, IBM, Mistral AI, Palantir, Perplexity, Mozilla, Y Combinator, among others.The letter states that while open-weight models carry risks, they should not be restricted through bans. Instead, openness should be leveraged to advance AI safety and cybersecurity capabilities. Huang noted: "The world needs cutting-edge closed-source models, and it also needs cutting-edge open models."
South Korea's Credit Card Industry Stablecoin Joint Test Will End at the End of July, Card Companies Shift to Differentiated Competition
According to South Korean media NATE, the joint technical verification (PoC) on KRW stablecoins conducted by the South Korean credit card industry will conclude at the end of July, with no plans to establish new working groups thereafter. This test focused on verifying the payment capabilities of KRW stablecoins in scenarios such as QR codes and POS terminals, as well as the feasibility of converting regional currency, vouchers, and credit card points into stablecoins.
Pakistan draws a red line with Iran: an attack on Saudi Arabia will be considered an attack on Pakistan
As the conflict between the United States and Iran continues to escalate, Pakistan has conveyed a clear stance to Iran that any attack on Saudi Arabia will be considered an attack on Pakistan. The Pakistani government and military have communicated this position to the highest levels of Iran. According to the Joint Strategic Defense Agreement signed between Pakistan and Saudi Arabia in 2025, an attack on either party will be regarded as aggression against both. Sources revealed that Iran has informed the Houthis that if the United States attacks Iranian power facilities, the Houthis will consider blocking the Bab el-Mandeb Strait. The Houthis are reportedly deploying missiles and drones near the Strait. Pakistan stated that it hopes all parties will exercise restraint and ease regional tensions through diplomatic means.