News linked to both this project and an event.
According to Bits.media, the Russian State Duma Committee on the Financial Market has recommended rejecting several loosening amendments to the government's cryptocurrency regulation bill, which is currently prepared for its second reading. The rejected amendments mainly include: increasing the annual limit for non-professional investors purchasing cryptocurrency through a single intermediary from 300,000 rubles to 600,000 rubles; expanding the scope of tradable cryptocurrencies to coins with a market cap exceeding 1 trillion rubles and average daily trading volume exceeding 100 billion rubles (the current draft requires a market cap of no less than 5 trillion rubles and trading volume of no less than 1 trillion rubles, effectively allowing only a very small number of coins such as BTC and ETH to be listed); allowing Russian citizens to use non-custodial crypto wallets; canceling the mandatory review power of digital custodians over every transaction; and postponing the bill's effective date to January 2027. The current version of the bill retains the power of digital custodians to review every transaction and freeze transactions. The bill completed its first reading in April this year and was originally planned to be passed before July 1, but has now been postponed to September 1, with the deliberation of the supporting criminal liability bill also scheduled no earlier than September.
According to Bits.media, Anatoly Aksakov, Chairman of the Russian State Duma Committee on the Financial Market, stated that the second and third readings of the criminal liability bill targeting illegal cryptocurrency transactions will be postponed for deliberation by the new State Duma. This is because the Duma's spring session will end on July 27, August to September is the election recess, and Duma election voting will conclude on September 20, therefore deliberation will resume at the earliest during the autumn session. The bill completed its first reading in early July, stipulating a maximum prison term of 7 years for organizing illegal cryptocurrency circulation, with relevant penalty clauses scheduled to take effect officially from July 1, 2027. Under the current regulatory framework, Russian citizens can only buy and sell cryptocurrencies through institutions holding licenses from the Central Bank of Russia, while P2P and over-the-counter transactions may face criminal prosecution. Aksakov denied concerns that the bill would affect crypto exchangers and P2P users, calling such concerns "unfounded". Meanwhile, another Russian government law strengthening national control over cryptocurrencies, the "Law on Digital Currency and Digital Rights," has also been delayed, with the original schedules for effect in July and September both missed.
DeepSeek is preparing for an initial public offering on the Shanghai Stock Exchange's STAR Market, with plans to submit its application by the end of this year and potentially complete the listing as early as the second quarter of 2027.DeepSeek has initiated discussions with investors and banks regarding its IPO plans. The funds raised from the offering are intended for model research and development, talent acquisition, and computing infrastructure construction. The relevant timeline may still be subject to adjustments, and the listing plan will require regulatory approval. (The Wall Street Journal)
: The UK and US governments, through the Future Markets Cross-Atlantic Working Group, have issued a joint position on stablecoins, supporting coordinated rules on reserves, redemption, market access, and cross-border use. The two governments stated that if stablecoins are properly regulated, they can improve payments, settlement, and financial market infrastructure, while supporting the development of private digital currencies under public sector oversight. The UK and US indicated that stablecoins used as currency should be fully backed by high-quality liquid assets at a minimum ratio of 1:1. Reserve assets should be segregated from the issuer’s own funds, with disclosure standards for custody, redemption, and legal rights provided to holders. The two countries also stated they will explore pathways for stablecoins issued in one country to enter the other’s market, and support fair, risk-based access to financial services and markets for legitimate, regulated stablecoin and digital asset providers.
According to the official announcement, Huobi HTX will host a themed live stream today at 20:00 titled "Ceasefire Ends, Oil Price Surges Past 75, STRATEGY Sells Coins at Loss for First Time: Can BTC's Macro Narrative Still Hold?" During the event, crypto KOLs such as HuaBai Blockchain, Sincere Little Taoist, Crypto.0824, and OxPink will gather in the live stream room to conduct in-depth discussions on recent market hotspots such as the fluctuating situation in the Middle East and the strong upward trend in international oil prices, and combine Federal Reserve policy expectations to analyze BTC's future trend as well as crypto asset allocation opportunities and risk management strategies, providing investors with multi-dimensional market observations and trading ideas.
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."
According to The Block, Mizuho Bank analysts noted that while Circle's approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank helps enhance its compliance credibility, it is insufficient to resolve current core pressures—the continued shrinkage of USDC market cap and increasingly fierce competition from Open USD—which still constitute a significant drag on $CRCL stock price.
crypto journalist Eleanor Terrett posted on X, stating that White House Crypto Council Executive Director Patrick Witt said this week will be a "critical week" in the advancement of the US CLARITY Act. As the crypto industry prepares to mark the one-year anniversary of the GENIUS Act becoming law, the construction of the US digital asset regulatory framework has once again become a market focal point.Patrick Witt stated that US crypto policy is currently at an important stage, and the progress of the CLARITY Act will significantly impact the structure of the digital asset market, the division of regulatory responsibilities, and the future direction of the industry.Previously, the CLARITY Act was considered one of the key pieces of legislation for establishing comprehensive crypto market regulations in the US, aiming to clarify digital asset classification, regulatory authority, and compliance requirements for market participants.Market participants believe that substantial progress on the bill could further enhance regulatory certainty for the US crypto industry and influence the future strategies of exchanges, stablecoin issuers, and blockchain enterprises.
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 Planet Daily reports that financial market infrastructure giant, the Depository Trust & Clearing Corporation (DTCC), plans to demonstrate a real-time stock trading process based on blockchain technology this Wednesday. The technology is said to simplify the clearing, settlement, and record-keeping processes behind Wall Street stock trades, thereby improving the operational efficiency of capital markets. This test is seen as an important step for the traditional financial system in exploring on-chain securities infrastructure.However, the initial scale of the project remains relatively limited. After years of research and development, this demonstration by the Depository Trust & Clearing Corporation, one of the largest securities clearing institutions in the United States, is more of a validation exercise rather than a full-scale push to move the stock market onto the blockchain.Market participants believe that although tokenized securities and on-chain settlement are considered to have the potential to reduce costs and improve trading efficiency, the migration of traditional financial infrastructure to blockchain still faces challenges such as regulation, compliance, system compatibility, and coordination among market participants.This test marks Wall Street's gradual transition from the proof-of-concept stage to practical application and will serve as an important case study for observing whether institutional-grade blockchain infrastructure can achieve large-scale adoption. (The Information)
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)
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.
According to the Federal Reserve's official website, Federal Reserve Chair Kevin Warsh announced on July 9 the establishment of five monetary policy task forces, led jointly by external economists, business leaders, and former central bank officials, operating independently and providing research results to the Federal Open Market Committee (FOMC). The research directions of the five task forces are as follows: • Communication Mechanism: Led by former Governor of the Bank of England Mervyn King and others • Balance Sheet Policy: Led by Harvard University Professor Karen Dynan, University of Chicago Professor Raghuram Rajan, and others • Quality of Economic Data: Led by Harvard University Professor Raj Chetty, former Walmart CEO Doug McMillon, and others • Productivity and Employment: Led by a16z Co-founder Marc Andreessen, Microsoft Xbox CEO Asha Sharma, and others • Inflation Framework: Led by Harvard University Professor and former Chairman of the Council of Economic Advisers Greg Mankiw, Nobel Laureate in Economics Thomas Sargent, and others Warsh stated that the Federal Reserve's commitment to price stability and maximum employment is unwavering, and these task forces aim to evaluate and optimize policy tools and analytical methods to address the current important economic situation.
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).
: Federal Reserve Chairman Kevin Warsh has formed five working groups to conduct a comprehensive review of the Fed's monetary policy operational mechanism, covering areas such as balance sheet management, policy tools, and the impact of AI. Each working group will operate independently, conduct fact-based research, and submit analysis results to the Federal Open Market Committee. The team members include multiple economists and former central bank officials. Among them, Harvard University economist Raj Chetty will co-lead the data working group, tech investor Marc Andreessen will be responsible for the productivity and employment working group, and former White House Council of Economic Advisers Chairman Greg Mankiw will co-lead the inflation working group.
crypto venture capital fund Pantera Capital stated in a post that Hyperliquid's total addressable market is approximately $10 trillion in daily notional trading volume, including around $200 billion in 0DTE options and leveraged ETF trading, approximately $2 trillion in commodity derivatives trading, and around $8 trillion in foreign exchange derivatives trading.Pantera indicated that if Hyperliquid can consistently capture a low-single-digit percentage share of the aforementioned markets, its revenue potential could reach five times current levels. According to estimates, if the HIP-3 market achieves an annualized notional trading volume of $3.65 quadrillion and captures a 1% market share, under the assumptions of a combined fee rate of 2 basis points and Hyperliquid's economic split of 50%, the platform's revenue could reach approximately $3.7 billion.However, Pantera pointed out that regulation remains the biggest risk for Hyperliquid. Perpetual contracts are currently not fully open in the United States, and if the US promotes the legalization of related products in the future and introduces regulated platforms, Hyperliquid could face more intense competition, with some US user trading volume potentially shifting to compliant trading venues. Pantera believes Hyperliquid could also launch a regulated version targeting the US market in the future.
Google has updated its Chrome Web Store developer policy, explicitly listing Prediction Markets as a prohibited product. According to the new regulations, any Chrome extension that promotes or supports real-money transactions based on predicted outcomes is not allowed for publication on the Chrome Web Store. This update also strengthens requirements for transparency in user data collection and privacy protection. The new policy will officially take effect on August 1, 2026.