News linked to both this project and an event.
The PPP Prediction Market Tool monitors that on Polymarket, for the event "Will the US government ban open-source AI models in 2026?", the "Yes" probability is currently at 16%.According to the resolution rules, if the US federal government, before December 31, 2026, through legislation, executive orders, export controls, or other formal policy actions, restricts the US public's access or use of a specific open-source AI model, the market outcome will be resolved as "Yes." Otherwise, the market outcome will be resolved as "No." Eligible open-source AI models refer to general-purpose large language models or multimodal foundation models whose model weights and source code are publicly downloadable and can be run on hardware under user control, such as Meta Llama, Mistral, DeepSeek, Qwen, etc.Recently, the open-source Kimi K3 model launched by Moonshot AI has drawn market attention to whether it will impact closed-source AI. OpenAI's Director of Strategy, Dean W. Ball, stated on X platform that the US government might adopt soft legal measures to prevent open-source models from entering the US. David Sacks, Chairman of the President's Council of Advisors on Science and Technology, believes that using regulatory uncertainty to suppress open-source competition is "unacceptable."Join the PPP Signal Push Community to stay ahead and seize the opportunity.
According to South Korean media KBS, the South Korean Financial Services Commission announced today the results of virtual asset market regulation. Since the implementation of the "Virtual Asset User Protection Act" two years ago, approximately 40 investigations into unfair virtual asset trading have been completed, and more than 30 cases have been reported or notified to judicial authorities, focusing on cracking down on behaviors that disrupt market order such as short-term manipulation and "pump and dump". In the future, market monitoring capabilities will be further strengthened to build an AI-based virtual asset regulatory system, including real-time market monitoring, second-level price manipulation analysis, and automatic identification of suspicious accounts and trading intervals.
as the market sees a lower probability of a major shock to the U.S. dollar in the short term, the cost for investors to hedge against dollar volatility has fallen to its lowest level this year.Data shows that the Bloomberg Dollar Spot Index's 1-month implied volatility gauge, which measures expectations for dollar fluctuations, dropped to its lowest level since last December this week. This marks a clear decline from the market volatility peak triggered by the outbreak of the Iran war in March this year.Market participants believe that despite ongoing uncertainty over the Federal Reserve's monetary policy outlook and escalating geopolitical tensions in the Middle East, traders are not currently anticipating a risk of sharp volatility for the dollar.As the world's primary reserve currency, the dollar's safe-haven demand and interest rate trends have always been closely watched by the market. The current decline in dollar volatility reflects investors' reduced concerns about the future exchange rate environment, while also indicating that the market is awaiting the emergence of new macro catalysts. (Bloomberg)
Crypto journalist Eleanor Terrett posted on X, stating that Republican members of the U.S. House Financial Services Committee will hold a live hearing in New York at 10:00 AM Eastern Time, focusing on how the CLARITY Act can drive innovation in the digital asset sector.This hearing is an informational session aimed at gathering industry opinions and discussing policy implications, and it will not affect the Senate's current legislative process for the bill.Meanwhile, the updated legislative text of the CLARITY Act has still not been released. Previously, U.S. President Donald Trump met with Republican senators regarding related ethical provisions, but as of now, the new bill text has not been officially published.Eleanor Terrett cited industry sources, noting that crypto industry leaders currently expect the release of the updated text to be delayed until next week.Market participants are closely watching the CLARITY Act, which serves as a key component of the U.S. crypto market structure regulatory framework. Its final text and pace of advancement will influence the future compliance pathways for digital asset companies, trading platforms, and institutional investors.
a16z has published an article by U.S. Representative Patrick McHenry titled “The time for Clarity is here: The next-generation Telecoms Act.” The article points out that the advancing crypto market structure legislation, the “CLARITY Act,” holds historical significance similar to the 1996 Telecommunications Act, potentially laying a vital foundation for the next wave of financial innovation in the United States.Patrick McHenry stated that his over 20 years of service in Congress have shown him that timely legislation can propel the nation forward, while legislative stagnation may force the U.S. to play catch-up in critical technological fields. America stands at a crossroads: either maintain its position as the world's leading technology and financial hub, or cede this advantage to competitors challenging its dominance. The CLARITY Act represents one of the few forward-looking financial legislative opportunities in recent years. Like the 1996 Telecommunications Act, it aims to establish consumer protection mechanisms while embracing emerging technological developments. The bill has garnered broad bipartisan support and involves coordination across multiple congressional committees.Patrick McHenry believes that U.S. financial regulation has long been stuck in a “crisis response mode.” Since the 2008 financial crisis, most major financial reforms have primarily targeted past risks, failing to establish an institutional framework for future technological innovation. He argues that crypto market structure legislation has the opportunity to break this pattern and become the first significant reform in nearly 30 years to proactively build the financial system of the future.Regarding the view that existing securities laws are sufficient to cover the crypto industry, this perspective does not reflect market realities. Companies and entrepreneurs are not rejecting regulation; rather, they seek clear rules. “When entrepreneurs know where the boundaries are, they can innovate with greater confidence.” If the CLARITY Act is passed, it will provide regulatory certainty for the digital asset industry, protect consumers and investors, and equip enforcement agencies with tools to combat crime and bad actors. Multiple crypto-related legislative efforts, including the stablecoin regulation bill the GENIUS Act, have gained bipartisan support. An increasing number of lawmakers recognize that digital assets are not going away, and the U.S. needs to establish clear rules to maintain its competitive edge.Other countries around the world are actively advancing digital asset regulatory frameworks. Capital and innovation will flow to markets with clear rules. The CLARITY Act is not just about crypto assets; it concerns whether the U.S. can continue to lead economic development in the 21st century and establish the rules for global technological innovation.
According to the latest poll released by CNBC, American pessimism over the economic outlook has intensified, with 61% of respondents expressing pessimism about the current economic conditions and future trajectory — the highest level since December 2023. Only about a quarter of respondents hold an optimistic view. The survey shows that a majority attribute economic pressures to President Trump's economic policies. Regarding Trump's handling of the economy, 60% of respondents expressed dissatisfaction, while only 38% approved — one of the lowest ratings on this metric in his political career.Micah Roberts, a partner at Public Opinion Strategies, stated that the overall mood among voters is currently low, with those expecting the situation to worsen outnumbering those expecting improvement by 41% to 29%. Market confidence is entering a trough phase ahead of the midterm election cycle.Meanwhile, rising living costs are forcing American consumers to cut spending. The survey found that 47% of respondents are reducing spending on necessities such as food and healthcare — up 6 percentage points from April. About two-thirds of consumers are cutting back on non-essential spending like dining out.A separate study conducted by Bain & Company in collaboration with NielsenIQ showed that U.S. grocery purchases in June fell by 1.8% year-over-year, a sharp reversal from the 0.1% growth recorded during the same period last year.Kurt Grichel, head of Bain's U.S. retail practice, noted that a typical grocery run that cost around $300 in 2019 may now require $400. The "sticker shock" from price increases is now affecting a broader range of consumers, including higher-income households.Analysts point out that high food prices, elevated fuel costs, and the Trump administration's cuts to certain social welfare programs are collectively increasing pressure on consumers. The survey found that four out of five U.S. consumers are trying to reduce spending, with more than a quarter actively cutting back on food purchases. Among them, over half have switched to cheaper brands, while 49% are buying fewer items. (ibtimes)
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)