News linked to both this project and an event.
: The world’s largest asset management company, BlackRock, has expressed support for the CLARITY Act. Samara Cohen, Senior Managing Director and Head of Global Market Development at BlackRock, stated the bill represents a significant step toward establishing an investor-first regulatory framework for digital assets. Cohen stated the bill will help shape the next phase of market structure in the US by supporting innovation while maintaining transparency, resilience, and investor protection. Fidelity, Goldman Sachs CEO David Solomon, and Charles Schwab have previously expressed support for related legislation or clearer digital asset rules. Last week, the US Senate Republicans released an updated version of the CLARITY Act, integrating work from both the Senate Banking Committee and the Agriculture Committee. Senate Majority Leader John Thune indicated that relevant Senate work could extend beyond the August recess. Crypto advocacy group Stand With Crypto stated that it has sent over 925,000 emails to Congress in 2025, exceeding 1.1 million contacts with Congress since its founding. The organization said each Senate vote on the CLARITY Act will be included in a public congressional scorecard.
Odaily Odaily News A bipartisan group of Pennsylvania state legislators has introduced HB 2711, a bill aimed at prohibiting sportsbooks and other gambling companies from acting as liquidity providers or market makers on prediction platforms. The bill was introduced by State Representative Tarik Khan on July 22 and has been referred to the House Consumer Protection, Technology, and Utilities Committee. The bill would also bar prediction platforms from contracting or sharing revenue with enterprises primarily engaged in gambling activities, with restrictions covering parent companies, subsidiaries, affiliates, joint ventures, employees, and entities acting for the financial benefit of other companies. DraftKings and Flutter have both previously advanced market-making operations; DraftKings recently launched the DKeX exchange after acquiring CFTC-registered firm Railbird Technologies. HB 2711 proposes setting a minimum participation age of 21 and requires platforms to exclude self-excluded users, company employees, employees of settlement sources, and those holding material non-public information. The bill also mandates that platforms implement commercially reasonable measures to prevent fraud, manipulation, and the misuse of material non-public information, and prohibits markets involving high school sports, sports events involving minors, personal health conditions, and death events. The proposal does not establish a licensing system, with enforcement authority vesting in the state Attorney General. A companion bill, HB 2497, would require platforms to obtain a license from the Pennsylvania Gaming Control Board and impose an aggregate 22% tax on the revenue of prediction betting platforms. Neither bill has yet received a committee vote or hearing.
according to data from the Korea Exchange, the combined daily trading volume of 16 single-stock leveraged and inverse ETFs tracking Samsung Electronics and SK Hynix fell below the 10 trillion won mark this Monday (July 27), dropping to 7.46 trillion won. This represents a 27% decrease from the previous trading day and a more than 30% decline compared to the average daily trading volume of the previous week. Their share of the total trading volume in the Korean ETF market also fell to 36.9%. Among these, products related to SK Hynix still dominated trading, accounting for approximately 70% of the total trading volume of all single-stock leveraged and inverse ETFs.Market analysts believe the cooling of trading is mainly due to new regulations from South Korea's financial authorities. Starting July 31, individual investors in South Korea who newly purchase or increase holdings of single-stock leveraged ETFs/ETNs must maintain a cash-based margin of at least 30 million won. Additionally, regulators plan to raise the minimum trading unit to further curb high-frequency short-term trading. (Duam)
sports merchandise and betting platform Fanatics will acquire a federally regulated exchange and clearing house from BGC to launch and settle its own prediction market operations. Fanatics and BGC also plan to develop new market data products that combine prediction market activity with traditional financial market data. This deal enables Fanatics to enter the prediction market space, competing directly with platforms such as Kalshi and Polymarket.
As the 2026 midterm elections enter the final 100-day countdown, cryptocurrency advocacy group Stand With Crypto stated in a post on X on July 26 that nearly 70% of surveyed cryptocurrency holders believe a candidate's stance on crypto will influence their vote, and nearly 80% indicated they are almost certain to vote. Stand With Crypto noted that 73% of surveyed crypto holders are closely monitoring which crypto policies lawmakers support, while 59% do not have a fixed party affiliation. The organization stated that crypto supporters have contacted Congress over 1 million times regarding relevant legislation. Market attention is focused on the CLARITY Act, the Digital Asset Market Clarity Act of 2025. The bill aims to clarify the division of responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in digital asset regulation, and will influence whether certain digital assets are classified as securities or commodities under federal oversight. Supporters of the bill argue that there is a limited time window to advance legislation before the election-year agenda tightens. Opponents contend that any new framework must maintain protections against fraud, market manipulation, and investor losses. The discussions involve issues such as exchange access, investment products, taxation, and the role of federal regulators in digital finance.
a US Senator has released a new draft of the Digital Asset Market Clarity Act (Clarity Act), merging two previously advanced versions from the Senate Banking Committee and the Senate Agriculture Committee, and for the first time, includes content related to ethics clauses. The ethics clause in the new draft proposes to prohibit senior government officials from sponsoring or issuing their personal cryptocurrencies. The bill has not yet been fully advanced, and it remains uncertain whether the key provisions will receive bipartisan support.
According to Cointelegraph, Robinhood is negotiating with crypto trading platform Crypto.com to expand its prediction market business, planning to integrate yes/no event contract products provided by Crypto.com. People familiar with the matter stated that both parties are still in the discussion phase, and specific cooperation arrangements have not yet been finalized. Robinhood launched prediction market services in March 2025, initially offering related products through Kalshi to comply with regulatory requirements of the U.S. Commodity Futures Trading Commission (CFTC), and subsequently integrated ForecastEx and Rotella. Bernstein analysts recently raised the price target from $130 to $160 due to optimism regarding Robinhood's development in the prediction market and tokenized stock sectors, and predicted that prediction market business revenue could reach $1.7 billion in 2028. However, the U.S. prediction market industry currently still faces legal disputes between state and federal regulators.
Fidelity's Public Policy Department urged the U.S. Senate to pass the Digital Asset Market Structure Act, the CLARITY Act, as soon as possible, stating that establishing a clear regulatory framework would help boost investor confidence and enhance U.S. competitiveness in the global digital asset market.
According to official news, Raydium announced the launch of Permissioned Automated Market Maker (AMM) and Permissioned Pools, open to asset issuers that need to meet KYC or regulatory requirements. Issuers can directly access Solana on-chain liquidity infrastructure while retaining participant access control to establish compliant secondary trading markets.
According to FinanceFeeds, India's Parliamentary Standing Committee on Finance has recommended that the government establish a transitional regulatory framework led by recognized self-regulatory organizations to implement transitional regulation on the cryptocurrency and virtual digital asset market, supervised by the Reserve Bank of India or the Securities and Exchange Board of India. The committee pointed out that while existing crypto assets are already taxed and included in anti-money laundering reporting requirements, the industry still lacks a clear statutory regulatory status, and investors face custody, operational, and fraud risks.
OdailyOdaily reports that the European Union has further tightened restrictions on crypto assets concerning Belarus, prohibiting Belarusian citizens and residents from owning, controlling, or managing crypto service providers regulated under the Markets in Crypto-Assets (MiCA) regulation.According to Council Decision (CFSP) 2026/1847, adopted by the Council of the European Union on July 24, this measure is an extension of the EU's sanctions framework targeting Belarus's involvement in the Russia-Ukraine conflict. The new rules will take effect on July 24, with the expanded restrictions on the crypto industry slated for implementation from August 25.As defined by MiCA, the affected services include operating crypto trading platforms, exchanging crypto assets, executing and transmitting customer orders, crypto asset issuance services, asset transfer services, investment advisory, and portfolio management. These restrictions come as the MiCA transitional period ended on July 1. The EU had previously required unauthorized crypto firms to cease relevant operations or face regulatory enforcement.The EU stated that this expansion is part of its efforts to combat the use of crypto platforms to evade sanctions against Russia. Earlier, in its 21st round of sanctions against Russia, the EU had extended trading bans to 14 foreign crypto service platforms and established a mechanism to potentially prohibit transactions with any foreign crypto service providers deemed to be assisting Russia in sanctions evasion.Market participants point out that with the full implementation of the MiCA regulatory framework, the EU is further tightening its oversight of the crypto industry through licensing systems and sanction mechanisms. (Cointelegraph)
According to Cointelegraph, US Senate Republicans released the draft text of the "Digital Asset Market Transparency Act" (CLARITY Act) on Wednesday, which includes ethical clauses prohibiting all federal officials (including President Trump) from issuing or sponsoring digital assets. Democratic Senator Ruben Gallego strongly criticized this, calling the draft "not a serious effort," and stated he would collaborate with Republican Senator Thom Tillis and others to propose a counter-proposal. Republican Senator Bernie Moreno maintained that the draft contains "the strongest ethical language in US history."
U.S. Democratic Senator Ruben Gallego stated that he will work with Republicans to propose a counter-proposal regarding the ethics clause in the Digital Asset Market Clarity Act (CLARITY Act) that has been recognized by the White House. He stated that the draft published this week is “not a serious proposal.” U.S. Senate Republicans released the proposed text of the CLARITY Act on Wednesday, including an ethics clause that prohibits all U.S. federal officials, including U.S. President Donald Trump, from issuing or sponsoring any digital assets. Democrats believe the relevant ethics provision is insufficient. Republican Senator Bernie Moreno denied that the clause was weak, stating that the draft contains “the most powerful ethical language in American history.” Gallego stated that he will work with Senator Thom Tillis and other Republicans to advance a counter-proposal and submit new text for the clause.
Goldman Sachs Group CEO David Solomon stated that while the CLARITY Act is not perfect, he supports its advancement, believing it will establish a clearer and fairer regulatory framework for the digital asset market, enhance market stability, and promote innovation.Solomon said the most significant implication of the CLARITY Act is "creating a level playing field, allowing the market to develop healthily." This stance contrasts sharply with that of some banking executives, such as JPMorgan CEO Jamie Dimon. They argue that the bill, by allowing crypto companies to offer stablecoin products similar to interest-bearing deposits without assuming the same regulatory requirements as banks, could weaken the competitiveness of traditional banks.Currently, Republican senators in the U.S. have released a revised text of the CLARITY Act, which could be submitted to the Senate for a vote as early as next week. The bill aims to clarify the division of responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in regulating digital assets, and will continue negotiations on terms related to stablecoin issuance, consumer protection, and yield-bearing stablecoins. (CoinDesk)
Nick Timiraos, the “Fed Whisperer,” stated on July 23 local time that the Fed’s July policy meeting would become the most unpredictable session in recent years. The resurgence in oil prices, increasing risks associated with US tariff policies, and some officials shifting towards supporting rate hikes have challenged the consensus to keep interest rates unchanged.The market widely expects the Fed to maintain the policy rate at the Federal Open Market Committee (FOMC) meeting on July 28-29, keeping the current rate range at 3.50% to 3.75%. However, the outcome of this meeting does not signify an end to internal disagreements, as some officials are already paving the way for further rate hikes later this year.During previous meetings, there was a clear divide among the Fed’s 18 officials over whether a rate hike was needed this year, with half predicting a hike and the other half seeing no need for adjustment. Jonathan Pingle, chief US economist at UBS, stated that Fed Chairman Kevin Warsh could emerge as a key figure in determining the direction of policy.
Kalshi and Polymarket processed a combined trading volume of over $44 billion in 2025. As of April 2026, the monthly trading volume on the two platforms has risen to $24 billion, surpassing the average monthly betting volume of legal sports platforms in the United States. Kalshi reported $263.5 million in fee revenue last year, with its annualized revenue exceeding $1.5 billion since then. Prediction markets operate on a binary contract exchange model, where the platform matches buyers and sellers without placing bets, holding positions, or bearing the risk of event outcomes. Its primary revenue comes from transaction fees, with additional revenue sources including data licensing, API access for institutional traders, and, in some cases, market creation fees on the platform. In the U.S. market, Kalshi is a Designated Contract Market (DCM) registered with the Commodity Futures Trading Commission (CFTC). Polymarket re-entered the U.S. market at the end of 2025 by acquiring the CFTC-regulated QCEX for $112 million. Some states still classify prediction market contracts as gambling, and related federal and state-level lawsuits remain ongoing. The European Union's Markets in Crypto-Assets Regulation (MiCA) does not directly define the attributes of prediction market contracts, and classification varies among member states. If a platform uses crypto settlement and provides custody or transfer services to EU users, it must also obtain a license as a Crypto Asset Service Provider (CASP).
According to monitoring by the PPP Prediction Market Tool, the probability of the "CLARITY Act being signed into law in 2026" on Polymarket is temporarily reported at 38%, down 9% in 24 hours.Although the latest text of the CLARITY Act has been released and is scheduled to be submitted for a full Senate vote as early as next week, several Democratic senators believe that the ethical provisions regarding Trump's crypto asset conflicts of interest in the new version are too weak. Meanwhile, the market also remains cautious about whether the bill can complete coordination between the two chambers and finalize the legislative process before the August congressional recess.Join the PPP Signal Push Community to stay ahead and seize the opportunity.
According to CoinDesk, the UK government plans to complete the first tokenized sovereign bond issuance tests through HSBC and the London Stock Exchange Group (LSEG) in early 2027, but industry experts point out that on-chain cash settlement issues remain the core obstacle hindering the implementation of the plan. Varun Paul, Global Head of Central Banks and Market Infrastructure at Fireblocks, stated that the project has secured sufficient institutional support, and a change in government (UK Prime Minister changing from Keir Starmer to Andy Burnham) is unlikely to reverse it, and tokenized government bonds are expected to boost market demand given the UK's current debt scale of nearly 3 trillion pounds (approximately 4 trillion USD). Jannah Patchay, Founder of Markets Evolution, pointed out that tokenized bond technology has been validated for nearly seven years since Santander Bank issued the first tokenized sterling corporate bond in 2019, but the absence of on-chain counterparty risk-free settlement assets has remained unresolved. She called on regulators to promote the use of compliant sterling stablecoins to provide an on-chain settlement mechanism. Currently, the global stablecoin market size reaches $300 billion, but TGBP, the largest pound stablecoin by market capitalization, is only worth about $34.2 million, accounting for a negligible proportion.
According to a post by a16z crypto researcher Robert Hackett and data advisor Ryan Holloway, the tokenized stock market is experiencing explosive growth. As of June 2026, the total market capitalization of tokenized stocks reached approximately $1.7 billion, representing a more than fivefold increase from $329 million a year earlier, making it one of the fastest-growing categories among tokenized assets. On-chain data shows that monthly transfer volume surged from $53 million last June to $9.22 billion this June, a year-over-year increase of more than 170 times. The market structure has also changed significantly: the proportion of crypto-related products dropped from 79% to 21%; the AI and chip category jumped from nearly zero to a market share of 15.5%; tech giants rose from 0.6% to 10.6%; and ETFs and indices increased from 4.5% to 17.3%. At the institutional level, DTCC has completed the first live trades of tokenized Treasury bonds and stocks on Digital Asset's Canton network, with full services planned to launch in October, which will open access for Wall Street to approximately $114 trillion in DTC custodied assets. Meanwhile, Robinhood has launched its own chain, NYSE's parent company announced a joint venture with OKX (pending regulatory approval), and Coinbase and Binance have also sequentially launched offerings for non-U.S. users.
According to The Nikkei, Japan's amended Financial Instruments and Exchange Act was passed by a vote at the plenary session of the House of Councillors on July 15, officially incorporating crypto assets (virtual currencies) into the financial product regulatory framework. While strengthening user protection, the new law requires exchanges to maintain liability reserves, a move widely expected by the industry to become a major trigger for elimination and consolidation within the sector. Masahiko Saito, Director of the Market Division of the Financial Services Agency, clearly stated that the Financial Services Agency does not endorse crypto asset trading nor make any recommendations.