News linked to both this project and an event.
Odaily reports, as the value of the artificial intelligence industry rapidly increases, political and tech circles in the United States have begun discussing how to share the immense wealth generated by AI with the public. A series of proposals all point in the same direction: having the government or public institutions hold equity in AI companies.Recently, Sam Altman discussed the possibility of granting the U.S. government or other public entities partial ownership in OpenAI. Meanwhile, the U.S. government already holds approximately 10% of Intel's shares, and it has indicated it may receive a certain percentage of revenue from NVIDIA's chip sales to China.U.S. Senator Bernie Sanders proposed that major AI laboratories contribute half of their shares to a new sovereign wealth fund, allowing the public to share in the growth dividends of the AI industry.Observers suggest that these plans essentially aim to redistribute some of the economic benefits from AI development back to society. However, critics point out that most current proposals boil down to one model: having the government hold equity in AI companies.Supporters argue that AI could become the most significant productivity transformation in the coming decades, and involving the government in revenue distribution could alleviate wealth concentration. Opponents, however, worry that direct government ownership of stakes in tech companies could impact market competition, corporate governance, and innovation incentives.As the valuation of the AI industry continues to rise, how to distribute the economic benefits generated by artificial intelligence is becoming a core topic of debate among U.S. policymakers and the tech industry. (The Information)
: Industry insiders indicate that after the US Senate reconvenes, it will enter a critical window of approximately four weeks, determining whether the Clarity Act can pass this year. The bill needs to complete the finalized text, Senate debate, and voting before the August recess, and secure at least 60 votes of support in the Senate. Current negotiation focuses include whether to retain the exemption clause for non-custodial developers within the "Blockchain Regulatory Certainty Act," and establishing an "ethics framework" for official conflicts of interest regarding President Trump's cryptocurrency business interests. Meanwhile, the passing of Senator Lindsey Graham and the absence of Mitch McConnell have weakened Republican voting power, increasing the importance of securing support from Democratic senators.
: Following a meeting with Islamic scholar Mufti Taqi Usmani, Bilal bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority, stated that stablecoins, tokenized RWAs, and other blockchain products should undergo separate technical and Sharia assessments and should not be treated as a single category. Previously, scholars including Usmani issued a fatwa determining that USDT and other cryptocurrencies do not constitute wealth recognized under Islamic Sharia law, rendering transactions involving the purchase of physical goods or digital services with them invalid. In March of this year, Pakistan passed the Virtual Assets Act, which requires exchanges, custodians, and token issuers to ensure their operations comply with Sharia law under the guidance of an Islamic finance scholars committee. Meanwhile, the country is advancing plans for a sovereign stablecoin, the tokenization of national assets, and the licensing of crypto trading platforms.
According to The Block, the U.S. Supreme Court ruled 6-3 in favor of Trump, expanding the president's power to remove heads of independent federal agencies (excluding the Federal Reserve). The case originated from Trump's dismissal of Democratic FTC Commissioner Rebecca Slaughter in 2025. As the ruling takes effect, the SEC and CFTC are in a new cycle of crypto regulation—the SEC currently has only three Republican commissioners, while CFTC Chairman Michael Selig is the agency's sole commissioner. Former regulatory officials warned that insufficient commissioner seats will undermine the quality of rulemaking and continuity across administrations, stating, "Fewer people participating in discussions may lead to suboptimal outcomes." Meanwhile, Congress is deliberating landmark legislation to reallocate digital asset regulatory authority between the SEC and CFTC and has urged Trump to appoint CFTC commissioners as soon as possible. Analysts pointed out that against the backdrop of Trump's close ties with the crypto industry, while this ruling is beneficial for the industry to advance regulatory reforms in the short term, if the political landscape shifts in the future, rules established by a sole commissioner will be more likely to become "targets for reversal," bringing long-term policy instability risks to the industry.
Elliptic (@elliptic) officially announced that blockchain analytics company Elliptic has received strategic investment from Circle Ventures. Previously, the company completed a $120 million Series D funding round in May this year, led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank, and British Commercial Bank. Meanwhile, Circle has officially joined Elliptic's Agentic Design Partner Program. The program brings together infrastructure providers, compliance institutions, and technical teams to jointly develop compliance solutions for AI agents. Elliptic noted that AI agents differ from traditional bots, as they can set goals autonomously and make independent decisions. Their operating speed and scale have far exceeded the capacity limits of manual compliance systems, urgently requiring specialized solutions to address.
Patrick Hansen, Senior Director of EU Strategy and Policy at Circle, cited the MiCA provisional registration data from the European Securities and Markets Authority (ESMA), releasing the compliance statistics one week after the regulation's full implementation. Currently, the EU has 21 authorized Electronic Money Token (EMT) issuers, distributed across 12 member states, collectively issuing 35 EMTs pegged to 8 types of fiat currencies. Among them, France leads other member states with 6 licensed issuers. Meanwhile, the number of approved Asset-Referenced Token (ART) issuers remains at 0, while the total registered Crypto Asset Service Providers (CASP) under the MiCA framework has exceeded 270.
Odaily, July 5th - The cryptocurrency market continued its stabilization trend, with Bitcoin rising nearly 7% in the week ending July 5th, recording its strongest weekly performance since March. This rally was primarily fueled by declining inflation expectations. The breakeven inflation rate, a measure of market inflation expectations, has dropped notably recently. The two-year indicator has fallen below 2%, approaching the Federal Reserve's inflation target level, while long-term inflation expectations have also weakened. Meanwhile, WTI crude oil prices have fallen in tandem with inflation expectations, returning to levels close to those seen before the geopolitical conflicts in February, prompting the market to reassess inflation pressures, interest rate cut expectations, and the dollar's trajectory.Some analysts suggest that if the US Dollar Index (DXY) weakens, it could further lower resistance for Bitcoin’s upward movement, as the two typically exhibit a negative correlation. However, other viewpoints caution that services inflation remains sticky, and falling oil prices do not necessarily imply a reversal of the overall inflation trend. Monetary policy may continue to maintain a "higher for longer" stance.The next key milestone for the market is the US June CPI data due on July 14th, which could serve as a crucial catalyst for determining the inflation path and the direction of risk assets. (CoinDesk)
the prediction market industry, represented by Kalshi, is dealing with legal disputes in multiple US states, arguing in a series of court hearings this week that state regulators should not have jurisdiction over the matter. These legal challenges are progressing in Nevada and Michigan, with live arguments taking place in Minnesota, and the case could potentially be appealed to the U.S. Supreme Court. Meanwhile, North Carolina is close to imposing a state tax on prediction market revenue. (CoinDesk).
the UK Financial Conduct Authority (FCA) officially published its crypto asset regulatory framework this week, widely regarded by the industry as an international approach emphasizing "global liquidity access," but its implementation still faces significant compliance and approval challenges.Under the new rules, the FCA allows overseas trading platforms to serve UK users through locally authorized branches and access global trading infrastructure, thus avoiding the formation of a closed domestic liquidity pool. Meanwhile, stablecoins not issued in the UK can also circulate in the British market, a stance seen as distinctly different from the regional isolation model of the EU's Markets in Crypto-Assets Regulation (MiCA). The "Qualified Crypto Asset Trading Platform" (QCATP) mechanism within the new rules is viewed as a key structure connecting global exchanges with the UK market, potentially enhancing price efficiency and market depth. However, industry insiders point out that the FCA has yet to clarify which jurisdictions are deemed to have "comparable regulatory protections," a uncertainty that could affect corporate planning decisions.Furthermore, rules related to decentralized finance (DeFi) remain not fully clarified. Some practitioners fear that initial proposals might restrict centralized platforms from accessing the DeFi ecosystem, potentially leaving the UK behind other jurisdictions in this area of innovation.On the compliance front, lawyers point out that under the new Financial Services and Markets Act framework, the authorization process could be extremely stringent. Historical data shows that the FCA's anti-money laundering registration application approval rate is less than 15%. The new system will also cover multiple regulatory requirements including consumer duty, capital adequacy, operational resilience, and senior manager accountability, significantly raising the entry barrier.Industry observers believe the framework overall provides an institutional foundation for institutional capital to enter the crypto market. However, whether the UK can truly become a global crypto hub will depend on the certainty of regulatory enforcement and approval efficiency in the coming months. (CoinDesk)
: New Hampshire's House Bill HB639 has completed the filing process. The bill clarifies that state and local governments cannot restrict individuals from using digital assets for payments or holding assets through self-custody wallets, nor impose additional taxes solely based on the use of digital assets. Meanwhile, individuals or enterprises operating nodes, mining, or staking activities are not required to obtain a money transmission license, and such activities shall not be considered as issuing or selling securities.The bill also authorizes the state Supreme Court to establish a "Blockchain Dispute Tribunal" to hear related civil disputes. It is reported that the bill will take effect 60 days after its passage.
US New Hampshire House Bill HB639 completed the registration process on July 1. The bill specifies that state and local governments shall not restrict individuals from using digital assets for payment or holding assets through self-custody wallets, nor shall they impose additional taxes solely due to the use of digital assets. Meanwhile, individuals or enterprises operating nodes, conducting mining or staking activities are not required to obtain money transmitter licenses, and such activities are not considered issuing or selling securities.
Odaily Planet Daily reported that Galaxy stated on X platform that many Registered Investment Advisors (RIAs) face difficulties in responding to client demands for allocating funds to DeFi while meeting compliance requirements under the U.S. SEC's Custody Rule. The current rule requires client assets to be held with a Qualified Custodian (QC), effectively excluding the self-custody path and making it difficult for traditional financial accounts to directly participate in DeFi strategies.In practice, however, the technical compatibility and compliance integration costs between custodians and new public chains, tokens, and DeFi protocols are high. Most custodians also lack the capability to support DeFi interactions, resulting in a persistent "compliance infrastructure gap." Meanwhile, fiduciary duties require RIAs to not simply exclude client demand for DeFi exposure, placing institutions in a structural conflict between compliance and investment intent.Galaxy believes that a potential future solution lies in establishing a principles-based regulatory framework, including MPC key management, governance controls, third-party audits, on-chain transparency, and rigorous protocol due diligence mechanisms. This approach would aim to unlock on-chain asset allocation capabilities without weakening regulatory objectives.
Binance co-founder He Yi announced in a post that Binance has officially entered the Philippine market. Meanwhile, the document she shared indicated that the Securities and Exchange Commission of the Philippines has finally approved BlockShoals Technologies to launch testing of financial products and services under its regulatory "Strategic Sandbox" framework. Previously, BlockShoals had completed the remaining compliance matters required by the regulatory authority, and its sandbox application received preliminary approval on November 12, 2025.
U.S. President Trump’s newly released 927-page financial disclosure document reveals income including hundreds of millions of dollars in crypto-related earnings. Among these are millions of dollars in revenue linked to World Liberty Financial, the DeFi project launched by the Trump family in 2024. This disclosure has heightened the urgency of congressional negotiations over ethics provisions within the Clarity Act, the crypto market structure bill.Currently, bipartisan lawmakers are negotiating the Clarity Act, which aims to establish the first comprehensive federal crypto regulatory framework in the United States. A key focus of the negotiations is whether to include ethics restrictions preventing the President, Vice President, members of Congress, and other federal officials from profiting from digital assets while in office.Following the document's release, Democratic lawmakers reiterated that the bill must contain strict ethics clauses. Senator Angela Alsobrooks stated that such restrictions should apply to the President, Vice President, and all members of Congress. She noted that ordinary Americans should benefit from digital assets in a fair and honest manner, rather than allowing political figures to profit through corruption and institutional loopholes.Senator Kirsten Gillibrand also indicated that both parties are still advancing stringent ethics reforms, proposing to prohibit the President, Vice President, and lawmakers from using crypto assets for personal gain. Meanwhile, Elizabeth Warren argued that if the Clarity Act fails to prevent the President, members of Congress, and their families from profiting from the crypto industry, the bill would further fuel controversies surrounding Trump-related crypto corruption.Republicans, for their part, stated that ethics clauses remain part of the bipartisan negotiations. With the July window for advancing the Clarity Act approaching, the disclosure of Trump family crypto income could become a key variable influencing the final text of the bill and the level of Democratic support.
as the EU's Markets in Crypto-Assets Regulation (MiCA) is set to take full effect on July 1, industry insiders anticipate a massive platform reshuffle in the European crypto market, with potentially over 10 million users needing to switch trading platforms.SwissBorg executive Alex Fazel stated that the new MiCA regulations are forcing a large number of exchanges to cease or restrict their services within the EU. The European Securities and Markets Authority (ESMA) has warned that institutions lacking a MiCA license must gradually exit the market after the deadline and assist users in migrating to compliant platforms or self-custody wallets.Data shows that as of 2024, there may be over 3,000 Virtual Asset Service Providers (VASPs) in Europe, with approximately 80% expected to exit the market following the regulatory transition.The analysis points out that several trading platforms, including Binance, have already adjusted their European business layouts in advance. Meanwhile, platforms like Coinbase and OKX are attracting user migration through incentive measures. Against the backdrop of tightening regulations, industry competition is shifting from "subsidy-driven customer acquisition" to "competition in compliance and trust systems." (CoinDesk)
the U.S. Department of Commerce has made differentiated adjustments to export restrictions on frontier models from AI company Anthropic, signaling that global AI regulation has entered a new phase of "tiered liberalization." The policy shows that the official ban on exporting Claude Mythos 5 has been lifted, allowing specific compliant and controlled users to resume using this cybersecurity model. Meanwhile, another high-end model, Fable 5, remains under export restrictions, with related policy consultations still ongoing.Industry analysts indicate that this layered control model—loosening restrictions in some areas while tightening in others—reflects the U.S. balancing act between national security, data sovereignty, and international AI competition. As the global AI race continues to accelerate, specialized models capable of vulnerability exploitation are facing increasingly stringent scrutiny from various countries. Multiple nations have initiated discussions on establishing a unified cross-border regulatory framework for frontier AI capabilities. (Forbes)
The Hong Kong government stated that two licensed stablecoin issuers are expected to launch regulated stablecoins between mid- and late this year. Meanwhile, Hong Kong will further refine its virtual asset regulatory framework to cover trading, custody, and advisory services.
Odaily OpenAI CEO Sam Altman's co-founded company Tools for Humanity has internally launched two investigations led by external law firms, targeting executive fund misuse and alleged violations in its Thailand operations. The company's relevant executives are accused of approving payments amounting to millions of US dollars to a foreign entity. The purpose of these funds was not for normal business procurement or service fees, but rather to artificially inflate the market price of its cryptocurrency, Worldcoin. Additionally, Tools for Humanity's partner in Thailand is reportedly a suspect in an international wanted "pig butchering" scam. Meanwhile, regulatory agencies in multiple countries have raised serious concerns about Tools for Humanity's iris scanning and data collection methods. (BusinessInsider)
According to Odaily, within the ten days leading up to the World Cup, Polymarket's soccer category trading volume exceeded $2 billion, a 300% increase compared to the previous ten days. The average daily trading volume rose from $53 million before the tournament to approximately $220 million. Meanwhile, last Thursday, Kalshi's open interest reached a record $1.16 billion, surpassing the $1 billion mark for the first time and growing 350% since the beginning of the year.Although Polymarket's open interest levels remained relatively stable during the World Cup, the open interest on Polymarket's U.S. branch only saw moderate growth, failing to reach the highs from April 2026. Kalshi's open interest has grown faster than its trading volume, indicating that its user base holds positions for longer periods and has established larger directional positions. Its CFTC-regulated channel and direct USD deposit gateway have attracted U.S. institutions and high-net-worth dollar investors. (The Block)
According to Crypto in America, the National District Attorneys Association, the National Association of Assistant U.S. Attorneys, the International Association of Chiefs of Police, and the National Sheriffs’ Association jointly sent a letter to Acting Attorney General Todd Blanche and Patrick Witt, Executive Director of the White House Crypto Council, expressing strong opposition to Section 604 of the “Clarity Act”—the Blockchain Regulatory Certainty Act (BRCA). Law enforcement groups argue that this provision could create regulatory loopholes exploitable by criminals for illicit activities including drug trafficking, fraud, child exploitation, sanctions evasion, and terrorist financing. Meanwhile, cryptocurrency-backed candidates achieved sweeping victories in primary elections across Maryland, New York, and Utah. Fairshake—a pro-crypto super PAC—has collectively spent over $7.6 million supporting these candidates, including $5.5 million backing Adrian Boafo, the candidate for Maryland’s 5th congressional district. Miller Whitehouse-Levine, founder of the Solana Policy Institute, warned that August 7, 2026, may be the final window for Congress to pass cryptocurrency market structure legislation. He stated that the industry is willing to make limited revisions to the BRCA provisions to address law enforcement concerns—but firmly opposes any fundamental changes that would weaken the core protections enshrined in the provision. Additionally, the House Financial Services Committee held a hearing on “The Future of Payments” the same day.