News linked to both this project and an event.
According to BIT Official Chinese (@BITofficial_CN) analysis, the current crypto market faces dual pressure from the Federal Reserve's hawkish stance and the slowed progress of the CLARITY Act. Federal Reserve Chair Kevin Warsh maintains a hawkish stance; the 2-year US Treasury yield has risen cumulatively by approximately 35 basis points since late January, and the Committee has seen a pattern of 9 votes to maintain interest rates and 3 votes supporting rate hikes. Regarding the CLARITY Act, prediction markets indicate a mere 32% probability of it being signed by the end of 2026, with the legislative window continuing to narrow. Meanwhile, crypto market trading volume has retreated 80% from highs, total market cap has fallen approximately 50%, and USDT and USDC have shown no significant expansion since November 2025, reflecting an overall lack of new USD liquidity in the market. Despite this, Bitcoin remains within the $62,000 to $66,000 range, correcting only about 3% over the past week. It demonstrates stronger resilience compared to most altcoins, reflecting that active position adjustment pressure has been largely released. BIT points out that if Bitcoin subsequently regains $70,000 and drives multiple indicators to turn bullish, it will further confirm that the low point of this cycle has been established.
According to The Block, bipartisan Senators Thom Tillis (Republican) and Ruben Gallego (Democrat) submitted a new ethics compromise proposal to the White House on Thursday morning local time, attempting to break the deadlock in advancing the Clarity Act cryptocurrency legislation. Currently, there is less than a week left until the Senate recesses on August 7, but the bill still has not obtained the 60 votes required for passage. Democrats insist on adding stricter ethics provisions to constrain the Trump family's crypto interests, including the Meme coins they issued and the World Liberty Financial project in which the family participates, while some Republican senators have objections to the stablecoin interest provisions, worrying that it will divert deposits from traditional banks to the crypto sector. Although the draft leaked last week prohibited public officials and their spouses from issuing digital assets, it did not cover other family members, and included a "sunset clause" expiring in January 2029, which critics believe essentially nullifies the entire ethics provision. Treasury Secretary Scott Bessent subsequently blamed the Democrats on X, stating that they "chose political gaming on the verge of a major victory". The Crypto Innovation Committee (CCI) warned that if the bill fails to pass, the US will hand over its global leadership position in the field of crypto regulation.
Odaily Odaily: Bybit today added three new US stock perpetual contracts: 2X Short SPCX Daily ETF (SSPCUSDT), 20+ Year Treasury 3X Bull (TMFUSDT), and UltraShort 20+ Year Treasury (TBTUSDT), with leverage up to 25x. A limited-time fee discount is also available during the launch period: a 0% maker fee rate and a 50% discount on the taker fee rate.
: Tokenized asset issuer Ondo Finance has abandoned its traditional Layer 1 blockchain plan and instead launched the Ondo Network. The platform is positioned as a trading network tailored to institutional needs, designed to support private, high-speed trade execution. The network's first application, Ondo Perps, will allow users to trade perpetual futures using tokenized assets as collateral, separating fast, private trade execution from public chain settlement. Ondo Finance has already issued tokenized U.S. Treasury bonds and stocks, and is advancing broader trading infrastructure development against the backdrop of rising Wall Street interest in tokenization and 24/7 markets.
According to official announcement, to meet users' diversified investment needs, Bitget has listed perpetual contracts for 9 stocks and ETFs, including SKDD (2x Inverse SK Hynix ETF), SKUU (2x Long SK Hynix ETF), GILD (Gilead Sciences), and TMF (3x Long US Treasury Bond ETF).The aforementioned contracts are settled in USDT, supporting up to 20x leverage and 7×24 hour trading. For more details, please refer to Bitget's official platform.
According to Bitcoin.com, U.S. Senator Cynthia Lummis is pushing hard for the CLARITY Act to complete Senate voting before Congress adjourns. Section 303 of the bill grants the Treasury Department the authority to impose targeted digital asset sanctions on foreign jurisdictions, while Section 305 allows exchanges to freeze suspicious transactions for up to 180 days. On-chain data shows that North Korea's Lazarus Group stole approximately $643 million in the first half of 2026, accounting for two-thirds of the total global crypto theft during the same period ($972 million), including a $285 million attack on Drift Protocol in April and a $292 million attack on the KelpDAO cross-chain bridge. The group's cumulative theft amount has reached $6.75 billion since 2019. Currently, Galaxy Research has lowered the probability of the CLARITY Act passing within 2026 to 30%. The bill still requires 60 votes to advance, meaning at least 7 Democratic senators need to vote across party lines in support.
CryptoQuant analyst Axel Adler pointed out in a weekly report analysis that the US 10-year Treasury yield has recently risen to approximately 4.7%, approaching the upper limit of the range over the past five years. The high-interest rate environment is tightening financial conditions, raising financing costs and asset discount rates, and increasing pressure on risk assets.
Treasury Secretary Scott Bessent posted on the X platform, expressing support for open-source AI and the innovation it brings, but emphasized that open-source is not an excuse for arbitrarily infringing upon U.S. intellectual property rights. If Chinese companies conduct covert, industrial-scale refinement attacks that cross the line into intellectual property theft, consideration will be given to imposing sanctions and placing them on the entity list.
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.
The UK plans to issue its first tokenized sovereign bond by early 2027. The current key prerequisite is solving the issue of on-chain cash settlement, a problem that has limited institutional use of digital bonds for years. Industry experts indicate that the plan may have garnered sufficient support from the UK Treasury, the Bank of England, and regulators to proceed after recent political changes and could potentially increase UK debt demand. Progress is currently constrained by the lack of standardized on-chain payment methods, mature GBP stablecoins, and regulatory clarity.
According to official sources, the annualized yield from minting Gate GUSD has reached 3.8%. As a yield-bearing stable asset backed by US Treasury RWA and stablecoin assets, GUSD provides stable returns while allowing users to participate in diverse ecosystem scenarios such as Launchpool and Pre-IPOs, enhancing the efficiency of idle capital utilization. Currently, Gate's 367th ANTFUN Launchpool is ongoing. Users can stake GUSD to share in rewards of 3,756,574 ANTFUN tokens. When combining the staking yield from the GUSD pool with its minting returns, the current estimated annualized yield reaches 8.56%.Furthermore, Gate has launched a lossless, instant redemption feature for GUSD. Users who mint GUSD via USDT, USDC, or USD1 can, within the available quota for lossless exit of the corresponding currency, enjoy a 1:1 real-time deposit in the original currency and be exempt from redemption fees. This feature balances yield generation with flexible capital allocation.
BitcoinTreasuries.NET posted on X, stating that Swedish public company Bitcoin Treasury Capital has launched Europe’s first BTC-backed preferred stock on the Spotlight Stock Market, trading under the ticker BTC PREF. The product offers an annual dividend of 10%, paid on a monthly basis.
HSBC has received approval from the Bank of England to operate within the UK's Digital Securities Sandbox (DSS). Its digital asset platform, HSBC Orion, will support the issuance, servicing, and settlement of digital securities. HSBC stated that HSBC Orion will operate as a digital securities depository within the DSS and claims to be the first company approved by the Bank of England to go live in the sandbox. The platform will support native digital bond issuances, including the UK's planned digital sovereign bond, the Digital Gilt Instrument (DIGIT), and corporate bonds. HSBC noted that HSBC Orion has facilitated over $5 billion in global digital bond issuances. The UK Treasury stated that the first DIGIT transaction is expected to take place in the first quarter of 2027. HSBC has signed a memorandum of understanding with the London Stock Exchange Group to develop connectivity capabilities that support investor participation in the pilot issuance.
ARK Invest's "The Bitcoin Quarterly" report for Q2 2026 indicates Bitcoin fell approximately 14% in the second quarter, closing around $58,544, and broke below three major technical moving averages. Historically, this technical pattern is often associated with bearish market conditions. The report shows that despite price pressure, Bitcoin Long-term Holders continued to accumulate, pushing their holdings to a new all-time high of approximately 14.85 million BTC, absorbing coins released during the market correction.ARK Invest stated that on-chain data is signaling signs of seller exhaustion: the supply of BTC in loss exceeds the supply in profit, and the rate of realized losses once surpassed the rate of realized profits. Historically, similar phenomena have often clustered near the bottom of market cycles.The report also pointed out that institutional demand in the Bitcoin market is facing pressure. Both corporate Bitcoin reserves (Treasury Companies) and the ETF ecosystem have shown signs of weakness:The STRC preferred stock price once fell to approximately $74.57, below its $100 par value;U.S. spot Bitcoin ETFs experienced net outflows for 7 consecutive weeks, with cumulative outflows totaling approximately 70,000 BTC.ARK Invest believes that ETF outflows indicate a weakening of important marginal buying pressure for Bitcoin, but continued accumulation by long-term holders suggests a redistribution of coins is occurring within the market.The firm stated that a clear divergence is currently forming between BTC's price performance and the behavior of long-term holders. Historical data shows that such divergences can often serve as important observation signals for market cycle turning points.
BitcoinTreasuries.NET posted on X platform, stating that Bitcoin Treasury Capital has been approved to list Sweden's first BTC-backed preferred stock, BTC PREF, on the Spotlight Stock Market, offering a 10% annual dividend, with trading set to begin on July 20.
Odaily Odaily News According to MAX monitoring, on July 16, the Cascade CLS treasury suspectedly experienced a security vulnerability, resulting in approximately $1.3 million in user fund losses. The platform has suspended all trading and withdrawals and has invited SEAL 911 and other third-party security teams to investigate and handle the incident. Cascade is a 24/7 multi-asset perpetual contract platform headquartered in New York, targeting the US market. It supports deposits via Arbitrum USDC or bank accounts and is currently still in an invitation-only private testing phase.
According to The Block, BlackRock CFO Martin Small disclosed during the Q2 earnings conference call that the company's digital asset assets under management (AUM) fell to $49 billion, down approximately 40% from a year ago, primarily weighed down by the price correction of BTC and ETH. Despite this, BlackRock's long-term strategy in the blockchain and tokenization sector has not contracted. Small stated that the company's long-term goal is to enable investors to "efficiently allocate crypto assets, stablecoins, and long-term equity and bond assets without leaving their digital wallets," and plans to gradually launch tokenized Treasury funds, iShares ETFs, and private market products. Specific progress includes: • Tokenized Money Market Funds: Two product applications have been submitted to the SEC, supporting investors to subscribe and redeem with stablecoins across multiple chains • Stablecoin Reserve Management: Currently manages approximately $60 billion of Circle's reserve assets, accounting for about one-quarter of the global $300 billion stablecoin market, aiming to become the industry's preferred reserve manager • Bitcoin ETF: Its iShares Bitcoin Trust ETF (IBIT) has an AUM of approximately $60 billion, making it the largest spot Bitcoin ETF globally • New Products: Launched the iShares Bitcoin Premium Income ETF (BITA) last month, providing Bitcoin exposure and comes with
According to Livecoins, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced a new round of sanctions on July 13, freezing 13 cryptocurrency wallets and trust funds associated with the Cuban regime, involving addresses on multiple chains such as Tron (TRX), Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), Dash (DASH), and Zcash (ZEC), as well as Bitcoin and Ethereum assets. Sanctioned targets include Ukrainian citizen Dmytro Rashevskyi, Belarusian resident Yevgeniy Vladimirovich Silayev, and several Cuban state-owned institutions such as the Association of Combatants of the Cuban Revolution and the Cuban Ministry of Tourism. OFAC simultaneously released FAQ 1262, advising all U.S. citizens to immediately cease all dealings with the entities on the aforementioned sanctions list.
The U.S. Department of the Treasury and the UK's His Majesty's Treasury have issued a joint statement and recommendations as part of the "Transatlantic Working Group for Future Markets." The working group recommends that the Bank of England, the FCA, along with the U.S. CFTC and SEC, develop regulatory frameworks for tokenized assets while requiring the FCA and SEC to explore measures to facilitate cross-border financing. In terms of specific recommendations, both the U.S. and UK propose: supporting the development of stablecoins, tokenized deposits, and similar digital assets; promoting market competition and innovation; and establishing higher standards for asset custody, reserve segregation, and consumer protection. (The Block)
: The U.S. Department of the Treasury and HM Treasury have released recommendations from the Transatlantic Future Markets Working Group, covering stablecoin activities and tokenized finance. Both sides suggest that relevant agencies consider establishing private sector-led groups to test cross-border use cases for tokenized assets, and that U.S. financial institutions work with the Bank of England to determine a common approach to regulating tokenized assets. The U.S. and UK also issued a joint statement on stablecoins, stating their intention to promote regulatory coordination and build cross-border dynamic stablecoin markets. The statement also indicates that stablecoins should be fully backed by high-quality liquid assets at a minimum 1:1 ratio. Additionally, according to a report by an industry working group supported by the UK government, if the UK becomes a leading jurisdiction for tokenization, tokenization expands globally, and domestic adoption increases, tokenization could add up to $44 billion to the UK's annual economic output by 2035. (Cointelegraph)