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"Clarity Act" Legislation Hits Stalemate, Bipartisan Senators Submit New Ethics Compromise Proposal to the White House

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.

Stablecoin issuer Mandela Digital completes $5 million funding round, with Datavault AI participating

stablecoin issuer Mandela Digital has announced the completion of a $5 million funding round, with Datavault AI participating. The new funds will be used for stablecoin infrastructure development, compliance, exchange integration, liquidity and marketing, as well as accelerating the launch of its 1:1 USD-pegged stablecoin, Mandela Dollar (MUSD). It is reported that MUSD aims to promote financial inclusion, cross-border remittances, and digital payments in the Global South. Datavault AI will also provide technical support for MUSD, including its AI platform, blockchain tokenization, SanQtum quantum-resistant cryptography, and Real World Asset (RWA) frameworks. (Globenewswire)

Moonshot AI Responds to Allegations of Distilling Fable for K3: Only 15 Days Between Releases

Moonshot AI employee Randy responded on X platform to White House Office of Science and Technology Policy Director Michael Kratsios’ remarks regarding Moonshot AI using Anthropic’s Fable to distill and develop the K3 model. He stated that Fable made its public debut on July 1, while K3 was launched on July 15. The team trained a brand-new frontier model in just 15 days, a feat worthy of a Guinness World Record.

Binance Adjusts Collateral Rates for Multiple Assets and Updates Futures Leverage & Margin Tiers

Odaily Odaily News, according to an official announcement, Binance will update the collateral rate and tiered collateral rate for Portfolio Margin and PMPro at 2026-07-24 06:00 UTC (14:00 Beijing time). The affected assets include ALGO, PUMP, WLD, JTO, TRUMP, etc. In addition, Binance Futures will adjust the leverage and margin tiers for several USDⓈ-M perpetual contracts at 06:30 UTC (14:30 Beijing time) on the same day. The contracts include C98USDT, CHRUSDT, LQTYUSDT, NILUSDT, USUALUSDT, SPELLUSDT, ONEUSDT, AEVOUSDT, CGPTUSDT, BANKUSDT, GUNUSDT, LAUSDT, OPNUSDT, KATUSDT, STARUSDT, and ZILUSDT. The announcement reminds users that changes in collateral rates may affect the Unified Maintenance Margin Ratio (uniMMR) and could lead to a risk of position liquidation.

Former Microsoft AI Team Founds Skyfall AI, Bets $1 Million on ‘AI CEO’ Experiment to Run a Real Business

Skyfall AI, an artificial intelligence startup founded by former Microsoft AI team members, has announced it will spend up to $1 million to acquire a small B2B SaaS or e-commerce company, attempting to let an AI system fully take over operations to test whether an 'AI CEO' can manage a real commercial organization.Skyfall AI co-founder Sam Pasupalak and CTO Kaheer Suleman believe the current AI industry is largely focused on creating 'autonomous employees'—gradually replacing individual tasks—but this does not represent true enterprise autonomy. They aim to test whether AI can cover the full range of decisions, including pricing, marketing, customer support, finance, and operations, by running a real business.The project's goal is to have the AI serve as the core manager of the enterprise, driving revenue growth with reduced human intervention, while publicly documenting the successes and failures encountered during the experiment.Skyfall’s founders stated that while existing large language models (LLMs) perform well with known knowledge and in fixed environments, they still fall short in continuous learning when faced with competitive changes, shifts in customer behavior, and market dynamics. Therefore, the company is exploring a new AI architecture called 'Enterprise World Models,' aiming to enable AI to understand the operational state of a business and predict the impact of decisions on future development.Skyfall AI was founded by members of the Maluuba team. Maluuba was acquired by Microsoft for approximately $160 million in 2017, and its technology later became part of Microsoft's AI research presence in Canada. (Forbes)

TownSquare Announces Official Opening of Sonar New Subscription, 20% Allocation Raised Within 30 Minutes

TownSquare, an institutional yield and cross-chain lending brokerage service infrastructure, announced the official launch of its ICO public sale. This public sale is technically supported by the Echo Sonar platform from the Coinbase ecosystem. The valuation is divided into two tiers: a $150 million valuation based on a 6-month lock-up, and a $200 million valuation with no lock-up and full release at TGE, with a fundraising cap of $1 million. Currently, 30 minutes into the public sale, over $200,000 has been raised. According to data, most users chose the second tier with the $200 million valuation. This public sale is the first project based on the Monad ecosystem on Sonar, supporting USDC and USDT0 tokens on Monad. Previously, TownSquare completed a total of 3 rounds of financing totaling $16.25 million, with participation from World Liberty Financial, Auros Ventures, Amber Group, Animoca Ventures, OKX Ventures, as well as angel investors and institutions from ecosystems such as Monad, a16z, etc. It is projected that the previous valuation is comparable to this ICO valuation. TownSquare Sonar Public Sale Registration: townsq.xyz/sale

U.Today: Gate Polymarket Fuels Prediction Market Growth, Cumulative Trading Volume Exceeds $622 Million

according to the latest in-depth report by U.Today, as the prediction market continues to heat up, sports events are becoming a key engine driving industry growth. As the world's first centralized exchange to integrate Polymarket, Gate Polymarket significantly lowers the barrier to user participation by offering a trading experience with no wallet, no cross-chain, and no gas fees. Users can directly use USDT from their Gate accounts to make predictions without the need for complex on-chain operations. Currently, Gate Polymarket has become one of the largest traffic gateways for Polymarket. As of July 16, its cumulative trading volume has exceeded $622 million. On July 6, its weekly trading volume surpassed $100 million, and it ranks first in Polymarket's daily, weekly, and monthly trading volume across all channels.The report points out that the 2026 World Cup is becoming one of the key catalysts driving the rapid growth of the prediction market. The World Cup Hub, built around the event, integrates match schedules, standings, real-time scores, match alerts, historical data, and prediction trading. Sports predictions continue to attract a large number of users, further boosting Gate Polymarket’s activity and market liquidity.U.Today believes that Gate has not only lowered the barrier to entry for the prediction market but also further refined the product experience. It has launched innovative features such as a dual-mode trading interface, AI event analysis, smart money tracking, real-time fund flow alerts, and event contracts, helping users discover market opportunities more efficiently. By combining the convenient experience of a centralized exchange with the deep integration of Polymarket’s decentralized prediction market, Gate is continuously expanding the application scenarios of the prediction market and driving on-chain prediction markets toward a more open, efficient, and mainstream stage of development.

Gate Alpha Robinhood Chain Trading Contest is Now Live, with a Total Prize Pool of $30,000

Odaily reports, according to official sources, Gate Alpha is launching a Robinhood Chain trading contest from 17:00 on July 17 to 16:00 on July 22 (UTC+8). After users click "Join Now" to complete registration, trading any token assets on the Robinhood Chain will qualify them to share in a $30,000 USDT airdrop reward. Sprint Trading Award: During the event, users with a cumulative trading volume on the Gate Alpha platform for Robinhood Chain assets (including both buys and sells) of ≥ $1,000 will proportionally share the $30,000 USDT airdrop reward based on their trading amount. Please visit the Gate Alpha zone, search for the Robinhood Chain token contract address, and participate in trading.Gate Alpha now supports popular public chains including SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and enables seamless cross-chain token trading through contract address search functionality, breaking down cross-chain trading barriers to provide one-click access to all on-chain tokens.

World Cup Schedule: France vs England in Six Hours

PPP reminds of the upcoming schedule:• France - England July 19 at 05:00 (UTC+8)Get real-time updates on the latest fixtures, direct access to popular matches, and quickly track the current movements of smart money.

Global Artificial Intelligence Innovation Index Report 2026 Released

According to Xinhua News Agency, the 2026 World Artificial Intelligence Conference released the "Global Artificial Intelligence Innovation Index Report 2026," conducting a quantitative evaluation of the artificial intelligence innovation development of 46 countries across five dimensions: basic support, resources and environment, scientific and technological R&D, industry and application, and international cooperation and exchange.

Moonshot AI Releases Kimi K3, the World's Largest Open-Source Model by Parameters, Reaching 2.8 Trillion

According to Xinhua News Agency, Beijing Moonshot AI Co., Ltd. officially released the new generation large model Kimi K3 on July 16, with a parameter scale reaching 2.8 trillion, becoming the largest open-source model by parameters globally at present. Kimi K3 natively supports visual understanding, features a 1 million token context window, and is optimized for complex task scenarios such as software engineering, knowledge work, deep research, and multimodal understanding, with a comprehensive intelligence level approaching global frontier closed-source models. The model is trained using a self-developed underlying architecture. Moonshot AI stated that nearly 3 trillion parameters mean the model can store more knowledge and patterns, achieving "knows more, thinks deeper, answers more accurately."

ForeGate Launches EWC Esports World Cup Themed Zone

Odaily报道, ForeGate, the next-generation event prediction trading platform globally endorsed by legendary footballer Michael Owen, has officially launched its EWC (Esports World Cup) themed zone. This zone covers all popular events of this year's EWC, offering real-time event tracking and AI-powered deep predictions.To coincide with the launch of the EWC zone, ForeGate has simultaneously initiated the "Esports Prediction Trading Competition" limited-time incentive event, with a total prize pool of up to 500,000 USDT. During the event, users can participate in trading to share the prize pool. The event runs from July 16, 14:00 to August 24, 16:00 (UTC+8). This move marks a further expansion of ForeGate's event prediction market ecosystem centered around high-frequency sports and esports. Currently, users can seamlessly access the platform directly through mainstream DApp wallets such as Binance Wallet and OKX Wallet.

World Cup Final Night, Bybit Launches Finals & 3rd/4th Place Goal Difference Contracts

Base price 10, buy high if favoring the home team, buy low if favoring the away team, automatic settlement after the match, in-play trading supported, up to 5x leverage, starting from 10 USDT.

Trump to Meet with Lawmakers on CLARITY Act Ethics Provisions

Odaily President Trump will meet on Thursday with Republican Senators Bernie Moreno and Cynthia Lummis, along with White House crypto policy advisor Patrick Witt and White House Chief of Staff Susie Wiles, to focus on the ethics provisions in the CLARITY Act. These provisions are considered one of the main obstacles to advancing the crypto market structure bill.Kristin Smith, President of the Solana Policy Institute, stated, "The purpose of the meeting is to present some proposals on the ethics issue to Trump and hope to gain his support. I believe this is a very positive signal." She described the meeting as crucial for pushing the CLARITY Act through.Earlier, it was disclosed that Trump family-backed World Liberty Financial had received hundreds of millions of dollars in crypto-related revenue, raising concerns among Democrats about potential conflicts of interest. (The Block)

Gate Predictions Market Launches Real-Time Alert Feature to Help Users Efficiently Capture Capital Flows

Gate Predictions Market has officially launched a real-time alert feature. By monitoring large buy and sell orders in the market in real-time, it helps users quickly gain insights into capital flows, shifts in market sentiment, and potential trading opportunities, further enhancing the efficiency of event trading decisions. Users can experience this feature after upgrading the Gate App to version v8.27.0. Without needing to check event order books one by one, they can centrally grasp major capital movements in the market through the "Alerts" list. Additionally, the feature supports filtering by dimensions such as buy/sell direction, transaction amount thresholds, and event categories. It also displays core information including trading users, event markets, trading direction, and transaction amounts, and allows users to customize alert subscriptions to receive in-app notifications immediately when qualifying large transactions occur.This feature launch enhances Gate Predictions Market's data analysis and strategy assistance capabilities, working in conjunction with the previously introduced "Smart Money" feature. Users can not only track capital movements in real-time but also combine this with the historical trading, holdings, and profit performance of top traders to obtain more valuable market references. As the first centralized exchange to integrate with Polymarket, Gate continuously enriches its predictions market product suite and has simultaneously launched World Cup-themed activities. The "World Cup Prediction King Tournament" offers a total prize pool of 100,000 USDT, while the "World Cup Daily Featured Events" activity has a prize pool of 50,000 USDT, aiming to enhance user participation experience and strive to build a professional predictions market platform that integrates market discovery, strategy analysis, and trading participation.

ForeGate Launches World Cup Final Limited-Time Incentive, Featuring a Total Prize Pool of Millions and 500 USDT Loss Protection

Odaily, Web3 prediction trading platform ForeGate has announced the launch of a limited-time incentive for the World Cup final, themed "Predict Every Match, Win Every Step."According to the official announcement, this limited-time campaign includes:- A million-level prize pool, where participants can earn points by sharing or executing trades daily, with real-time rankings and estimated reward tracking.- ForeGate has introduced AI-driven pre-match comprehensive analysis technology to assist in decision-making.- A two-way profit-and-loss incentive mechanism: Profitable trades can earn up to 1,000 USDT in doubled rewards, while losing trades are eligible for up to 500 USDT in subsidy protection.

Gate GUSD Comprehensive APY Reaches 6.38%, Launchpool 365th Event Shares 15 XAUT Airdrop

Odaily Odaily Odaily Odaily Official News: According to official sources, Gate Launchpool will launch its 365th GUSD dual-pool event from 20:00 on July 9 to 20:00 on July 16 (UTC+8). During the event, users staking GUSD will share a 15 XAUT airdrop. The annualized yield for holding Gate GUSD is 3.8%. Combined with the Launchpool mining rewards, the comprehensive annualized yield can reach up to 6.38%.GUSD is a high-quality yield-generating asset launched by Gate, backed by Treasury RWA (Real World Assets) and stablecoins. Users can mint GUSD using USDT, USDC, or USD1 at a 1:1 ratio and earn daily rewards by holding it. Furthermore, Gate is offering a limited-time bonus for new users of on-chain yield products who mint GUSD, with an annualized yield of up to 100%. When combined with Launchpool rewards for new users, the comprehensive annualized yield can reach up to 132.2%.

Prediction market World.xyz announces migration from SOL to Robinhood Chain

: Decentralized prediction market World.xyz announced on the X platform that, following a 24-hour review by the team, it has decided to migrate from Solana to Robinhood Chain. The team stated that this strategic adjustment was made after careful consideration, while also thanking the Solana Foundation and community for their support.Previously, World.xyz had launched on the Phantom wallet and its official website, allowing users to trade contracts for cryptocurrency prices and events such as the 2026 World Cup. It utilizes Chainlink as its primary oracle infrastructure and uses the Phantom stablecoin as the settlement asset.

Bybit Will Soon List GROVE (Grove) Spot Trading

Grove is unlocking the potential of the stablecoin economy. Through institutional-grade asset allocation, financing, and liquidity services, Grove brings Real-World Assets (RWA) and real-world application scenarios on-chain, helping to build the next-generation global financial markets.

Coinbase AI News Alert Criticized for Falsely Reporting Match Result Before World Cup Kickoff

Coinbase sent an AI-generated news alert claiming the Norwegian national football team had defeated Brazil 3-2 before the World Cup match had even started. CEO Brian Armstrong has launched an investigation, and Coinbase stated that updates have been implemented to prevent future instances of inaccurate AI-generated information. The error comes as Coinbase is advancing its prediction market and "everything exchange" features, including an AI advisor and stock options. (CoinDesk).