News linked to both this project and an event.
According to Odaily, Trade.XYZ today launched the pre-market contract for ChangXin Memory Technologies (CXMT) on the Hyperliquid HIP-3 market. The price peaked at $8.64 and has now retreated to around $8. According to statistics, CXMT's total share capital post-issuance is approximately 66.888 billion shares. Based on the current pre-market price, CXMT's market value is approximately $540 billion, surpassing Tencent ($526.5 billion) to rank 32nd globally in market capitalization.It is reported that CXMT will initiate its new share subscription on the STAR Market (科创板) on July 16.
According to CoinDesk, U.S. Senators Chris Murphy, Chris Van Hollen, and Jeff Merkley held a press conference on Capitol Hill on July 14, publicly announcing opposition to the cryptocurrency market structure bill, the "Digital Asset Market Clarity Act" (Clarity Act), and characterized it as "corrupt legislation." The core focus of the three senators' opposition is that the bill currently still fails to incorporate ethical provisions prohibiting the President and senior government officials from personally participating in the crypto industry. Van Hollen stated bluntly that the bill "will cause great harm"; Murphy used even stronger language, stating that if the bill cannot cut off the entanglement of interests between the Trump family and the crypto industry, it "is itself an umbrella for corruption."
TxFlow L1 has announced the launch of its second Channel, Probly, the first prediction market application developed based on the TxFlow Improvement Protocol 3 (TIP3). Upon launch, Probly offers 172 live markets covering over 7,000 events, including continuous rolling markets with a minimum duration of 5 minutes, and supports on-chain settlement and TxFlow L1's shared financial infrastructure. Probly covers 15 categories including politics, sports, crypto, finance, and geopolitics, and provides prediction markets related to BTC, ETH, SOL, and XRP price movements for 5-minute, 15-minute, 1-hour, and 4-hour intervals. Users can access Probly via an email-based embedded wallet without needing to manage seed phrases, or by connecting compatible wallets such as MetaMask, Coinbase Wallet, Phantom, and Uniswap Wallet. Eligible settlement amounts will be automatically credited in USDC after the event is resolved, with no separate claim required. (Decrypt).
a16z Crypto has released an analysis stating that traditional finance (TradFi) is not merging with decentralized finance (DeFi), but is instead selectively adopting blockchain technologies that meet its own needs. A long-standing narrative within the crypto industry has been that DeFi and TradFi will eventually merge, combining open liquidity with institutional distribution to form a new system superior to traditional finance. However, the reality may be different.The core driver for traditional finance's adoption of blockchain is not the concept of decentralization, but commercial efficiency. As long as blockchain can help institutions reduce costs, improve settlement efficiency, expand distribution channels, and enhance customer relationships, they will adopt the relevant technology. “TradFi is not entering DeFi; it is utilizing the parts of DeFi that fit its own operational models and reshaping these technologies according to institutional requirements.”a16z Crypto stated that a new category of financial infrastructure may emerge in the future—"programmable financial infrastructure" based on a blockchain foundation but optimized for institutional constraints. The blockchain technologies currently being adopted by institutions mainly include:Atomic Settlement: Reduces counterparty risk and decreases tied-up collateral capital;Shared Ledger: Lowers the cost of back-office reconciliation;Programmable Money: Automates interest payments, margin management, and corporate actions;Automated Market Makers (AMM): Being repurposed for on-chain foreign exchange and tokenized asset pricing.
Bybit lists 3 new US stock perpetual contracts today: 2x Long SNDK ETF (SNXXUSDT), 2x Long INTC ETF (INTWUSDT), and SSE STAR Market 50 ETF (KSTRUSDT), with up to 20x leverage. Enjoy limited-time fee discounts during the listing period: 0% fee rate for limit orders, 50% off for market orders.
Today, X-Agent, a zero-code operating platform for AI Agents built on a Web3 social network, officially released its core to the global audience. The whitepaper details how it leverages zero-code deployment and secure sandbox technology to reshape the decentralized AI agent ecosystem and its commercialization pathway.The core technologies and solutions are as follows:1) Speak to Build (Zero-Code Deployment): Allows users to create and deploy professional-grade AI agents with one click to Telegram, WhatsApp, or the Web in just minutes using pure natural language.2) SRE Cryptographic Sandbox (Physical Isolation Security): A proprietary physically isolated operating environment that perfectly protects users' private keys and sensitive credentials while enabling agents to possess enterprise-grade capabilities for autonomous asset management and on-chain collaboration.Market Performance and Latest Data: X-Agent has surpassed 1,000,000+ global cumulative users. Its deployed AI agents have autonomously completed over 1,100,000 actual business tasks, consuming/burning more than 84 billion model Tokens. The project has previously raised $1.8 million in funding and boasts highly cohesive localized communities in Japan and South Korea.The native token, $XAGT, serves as the hard currency for network settlement, directly used for paying SRE computing power Gas fees, transaction commissions, and staking endorsements. The team and investors are subject to a strict 12-month Cliff lock-up period. Community allocations are entirely non-inflationary and can only be released algorithmically through actual sandbox task consumption, ensuring every token is backed by real business demand.According to the latest roadmap, X-Agent plans to open a new zero-code public portal in Q3 2026 and launch a decentralized Agent Store in Q1 2027.
Hyperliquid's HIP-3 market volume is growing rapidly. HIP-3 is Hyperliquid's permissionless framework for developers to deploy perpetual contract markets, with its share of Hyperliquid's total perpetual contract trading volume rising from approximately 2% at the beginning of the year to nearly 50% currently.This growth coincides with rising retail interest in on-chain stock trading. The current HIP-3 market is primarily dominated by TradeXYZ, which has launched markets including XYZ100 (tracking the Nasdaq 100 index) as well as contracts related to individual stocks such as Nvidia and Tesla.
As the tokenization of capital markets intensifies, the Securities Transfer Association (STA) recently submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), warning that stock tokens issued by third-party entities could undermine market integrity. The association is calling on regulators to prioritize tokenized securities authorized by listed companies in future rulemaking.The STA represents numerous Wall Street transfer agents, whose members argue that genuine tokenized stocks should be formally authorized by the issuing company and recorded on the official shareholder register, rather than consisting of "wrapped" token products created by independent platforms.The association points out that third-party stock tokens could confuse investors regarding their actual holdings and expose them to platform credit, custody, and operational risks, without establishing a direct legal relationship with the listed company. Therefore, any innovation exemptions, pilot programs, or permanent regulatory frameworks for tokenized securities should be prioritized for the issuer-supported model. The STA also urges the SEC to reform the existing Direct Registration System (DRS), arguing that the current U.S. securities depository system struggles to meet the real-time transfer and settlement demands of on-chain securities. It recommends that regulators collaborate with the Depository Trust & Clearing Corporation (DTCC) to optimize the digital securities infrastructure.Currently, the global tokenized stock market, valued at approximately $2 billion, is predominantly led by the third-party model, including products launched by Ondo Finance and Kraken, while institutions like Securitize and Figure adopt the issuer-authorized model. (CoinDesk)
Odaily News: BNB treasury-listed company BNB Plus has announced that it has received a delisting ruling from the Nasdaq Hearings Panel. The primary reason for the delisting is that the company's stock price has persistently failed to meet the Nasdaq Capital Market's continued listing requirement of a minimum $1 bid price. BNB Plus plans to submit a review request to the Nasdaq Listing Review Committee, but this review will not stay the delisting process. The company's stock will be suspended for trading on Nasdaq at the opening on July 14, 2026. The company has completed preparatory work for listing on the OTCQB Venture Market, and the stock code will remain BNBX. Normal trading on the over-the-counter market is expected to commence at the opening on July 14. (Businesswire)
: Prediction market platform Kalshi has officially launched the beta version of its professional trading terminal, Kalshi Pro. The product is targeted at high-frequency, professional event traders to meet real-time trading demands across multiple markets. The terminal is equipped with several institutional-grade features, including real-time public trade data feeds, full order book depth, multi-leg contract calculation, and batch order management. It also introduces professional charting tools and position risk management tools tailored for perpetual contracts. Kalshi Product Lead Andy Chang stated that active traders now view prediction markets and perpetual contracts as standardized trading asset classes comparable to stocks and bonds. Kalshi Pro aims to provide professional investors with the complete suite of institutional trading capabilities they require. (CNBC)
Bybit has now listed OpenAI (OPENAIUSDT) and Anthropic (ANTHROPICUSDT) US stock pre-market perpetual contracts, supporting up to 20x leverage.
Odaily News: According to Hyperliquid News, tradexyz will list the Sci-Tech Innovation Board 50 ETF (Shanghai Stock Exchange STAR Market).
Gate Predictions Market has officially launched a real-time alert feature. By monitoring large buy and sell orders in the market in real-time, it helps users quickly gain insights into capital flows, shifts in market sentiment, and potential trading opportunities, further enhancing the efficiency of event trading decisions. Users can experience this feature after upgrading the Gate App to version v8.27.0. Without needing to check event order books one by one, they can centrally grasp major capital movements in the market through the "Alerts" list. Additionally, the feature supports filtering by dimensions such as buy/sell direction, transaction amount thresholds, and event categories. It also displays core information including trading users, event markets, trading direction, and transaction amounts, and allows users to customize alert subscriptions to receive in-app notifications immediately when qualifying large transactions occur.This feature launch enhances Gate Predictions Market's data analysis and strategy assistance capabilities, working in conjunction with the previously introduced "Smart Money" feature. Users can not only track capital movements in real-time but also combine this with the historical trading, holdings, and profit performance of top traders to obtain more valuable market references. As the first centralized exchange to integrate with Polymarket, Gate continuously enriches its predictions market product suite and has simultaneously launched World Cup-themed activities. The "World Cup Prediction King Tournament" offers a total prize pool of 100,000 USDT, while the "World Cup Daily Featured Events" activity has a prize pool of 50,000 USDT, aiming to enhance user participation experience and strive to build a professional predictions market platform that integrates market discovery, strategy analysis, and trading participation.
multiple sources familiar with discussions on the Digital Asset Market Clarity Act indicate that U.S. lawmakers plan to release an updated version of the crypto market structure bill this week. The new text incorporates content from bills previously passed by the U.S. Senate Banking Committee and the Agriculture Committee, with consultations between the two committees on multiple provisions. (CoinDesk)
According to The Hill, the U.S. Crypto Market Structure Bill, the CLARITY Act, is facing a critical advancement milestone before the August congressional recess. Senate Majority Leader John Thune plans to push the bill to the Senate floor for consideration during the week of July 20, but it still requires support from at least seven Democratic senators.
Standard Chartered stated that it maintains its Bitcoin price prediction of reaching $100,000 by the end of 2026, believing that the recent market decline triggered by Strategy's (formerly MicroStrategy) related activities is not due to a deterioration in the company's balance sheet, but rather a strategic adjustment that the market has not fully understood.Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, noted in a report that Strategy's recent behavior is disrupting short-term market expectations for Bitcoin. The market had previously accepted the company's narrative of "never selling Bitcoin," but now Strategy appears to be shifting towards a more complex capital operation model. How clearly the company can communicate this change will determine when market pressure eases.Currently, Strategy holds 843,775 Bitcoins, representing approximately over 4% of the total 21 million Bitcoin supply. From 2020 to mid-2025, Strategy's mNAV (Market Value of Enterprise / Bitcoin Asset Value) was consistently above 1, allowing the company to raise funds through stock issuances to purchase Bitcoin and achieve shareholder value growth. The commitment to "never selling Bitcoin" was central to this model gaining market acceptance. However, with the current mNAV approaching 1, the leverage effect of this financing model is weakening.Kendrick believes Strategy is transitioning from a "Bitcoin accumulation tool" to a "Bitcoin credit support tool." This involves using its Bitcoin holdings as the credit basis for its perpetual preferred stock, STRC. Currently sized at approximately $10 billion, STRC is the largest financial instrument launched by Strategy, offering an annualized dividend rate of 12%, paid semi-monthly in cash, and is designed to maintain a price near its $100 par value through interest rate adjustment mechanisms.Standard Chartered indicated that STRC is currently trading around $90, while Strategy's dollar reserve for paying dividends stands at approximately $2.55 billion, covering an estimated 17.4 months of dividend expenses.Kendrick stated that Strategy's policy adjustment allowing for Bitcoin sales does not necessarily mean the company will continuously sell. He believes that as long as the market believes the new capital structure arrangement can stabilize the STRC price, Strategy may not actually need to sell Bitcoin. He compared this mechanism to a central bank's commitment to "do whatever it takes": mere restoration of market confidence may mean actual intervention never occurs. (The Block)
QCP Capital released its latest report stating that the decline in Japanese government bond yields has eased market concerns over the unwinding of yen carry trades and capital repatriation, driving Bitcoin to rebound to around $64,000.
recently, the Hurun Research Institute released the "2025 Hurun U35 China Pioneers," and TRON founder Justin Sun was selected. According to the list data, TRON's enterprise value reached 227.5 billion RMB, ranking first among U35-founded enterprises on the list and accounting for nearly half of the total value of all U35-generation entrepreneurial companies listed, demonstrating its scale advantage and infrastructure value in the global blockchain industry.Currently, the circulation of TRC20-USDT on the TRON network has exceeded 90 billion USD, continuously solidifying its important position in the global stablecoin issuance and settlement network. In a previous interview with Hurun Report, Justin Sun stated that truly cycle-defying innovation must be supported by real demand. This selection further reflects his long-term entrepreneurial practice, global vision, and TRON's leading influence in the Web3 ecosystem.
amid growing insider trading concerns surrounding prediction markets, Goldman Sachs has prohibited its employees from trading prediction market contracts related to the bank's own events, elections, financial markets, macroeconomic data, and geopolitics. Financial institutions such as Morgan Stanley, JPMorgan Chase, and Bank of America are also formulating or updating relevant policies. Bank of America, in particular, has begun clarifying prohibited practices in prediction market trading to its employees.Previously, the U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice accused a Google employee of using non-public information to trade "Search of the Year" related contracts on Polymarket, profiting approximately $1.2 million. Legal experts note that the CFTC still lacks well-established case law in enforcing insider trading rules for prediction markets, and the wide variety of prediction market contracts further complicates regulatory oversight.Currently, Kalshi and Polymarket have respectively launched employment verification tools and collaborated with Chainalysis and Palantir to monitor suspicious trading activities. (CNBC)
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.