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According to Cointelegraph, the Securities and Exchange Commission (SEC) of Thailand has filed a criminal complaint against the digital asset exchange Bitkub Online and two former directors, Sakolkorn Sakavee and Thaweesap Rawan, accusing them of involvement in false reports related to a cyber attack in 2021.The SEC stated that a cyber attack in May 2021 resulted in the theft of 16 digital assets from Bitkub, valued at approximately 1.7 billion Thai Baht, or about 50 million USD. The regulatory agency claimed that Bitkub subsequently replenished the stolen assets before October 31, 2021, but the daily net capital flow reports submitted from May 10 to October 30, 2021, did not accurately reflect the reduction in assets.Bitkub stated on the X platform that the case stems from disclosure decisions made after the cyber attack in May 2021 and is not an act of fraud. The exchange claimed that the delay in disclosing the compromised wallet was to avoid a bank run, and the co-founder subsequently purchased an equivalent amount of digital assets to cover the stolen funds, with no financial losses incurred by the company or its clients. Bitkub was established in 2018 and is one of Thailand's major cryptocurrency exchanges. Bitkub's parent company is considering a potential initial public offering, including the possibility of listing in Hong Kong.

At the 2026 Wiki Finance Expo, Bitget was awarded two industry awards for its innovative performance in the multi-asset trading market: "Global Outstanding All-Asset Innovation Platform" and "Asia's Leading Innovative Trading Platform."Currently, Bitget's CFD daily trading volume reaches 10 billion dollars. The platform has launched a zero-fee model for CFDs and continues to upgrade its CFD copy trading system, extending its mature cryptocurrency trading capabilities to a broader range of multi-asset scenarios.Bitget's Chief Analyst Lewis Huang stated that the next phase of the trading market will be driven by the deep integration of Web3 and traditional finance. Bitget will rely on the UEX architecture to continuously provide users with a more unified, flexible, and global cross-asset trading experience.

On the day BitMEX announced its shutdown, BKX Services Inc. and David Namdar filed a class action lawsuit in the Southern District of New York Federal Court, accusing the platform of manipulating user forced liquidations and stealing Bitcoin collateral by using insider trading privileges and server freezing tactics. The plaintiffs claim a total loss of approximately 623 BTC, with BKX losing at least 305.81 BTC and Namdar losing over 316.85 BTC, seeking the return of Bitcoin and damages.The complaint states that BitMEX allowed clients to use up to 100 times leverage, while forcibly liquidating positions when the collateral value was still about twice the loss, with the remaining Bitcoin being included in the platform's insurance fund, allowing BitMEX to profit from it. This lawsuit traces back to relevant transactions starting from July 23, 2018, while a similar case from 2020 was voluntarily withdrawn on June 30, 2025.

In a leaked internal conversation from the DeepSeek investor conference, DeepSeek founder Liang Wenfeng elaborated on his core views regarding the development of the domestic AI computing power industry and ecosystem. He stated that the current domestic AI chip replacement is facing a historic opportunity, with no compatibility barriers in hardware and ecosystem, and that NVIDIA cannot block the replacement process. The only current issue is insufficient production capacity, and it is expected that within a year, the market's perception of domestic chips as "unusable and poor-performing" can be reversed.He pointed out that NVIDIA's CUDA ecosystem moat is rapidly collapsing, and multiple industry transformations combined with export controls have opened a development window for domestic AI chips. He revealed that DeepSeek has partnered with Huawei to obtain 16,000 950 cards to run the ecosystem, and Huawei's 950 super nodes can completely replace NVIDIA's GB200 and GB300 in terms of performance and price, showing an optimistic attitude towards the development of the domestic computing power industry.

According to the SEC official website, Commissioner Hester M. Peirce issued a statement highlighting the intersection of cryptocurrency vaults and on-chain lending strategies with federal securities laws. Peirce pointed out that migrating activities to the blockchain does not automatically exempt them from the regulatory scope of securities laws. Cryptocurrency vaults allocate user assets to yield activities such as staking and lending through smart contracts, and if the managers are involved in selecting yield strategies or reallocating assets, it may trigger compliance obligations under securities laws; some vault structures may be deemed joint enterprises or fall under the regulation of investment companies.Regarding on-chain lending strategies, management actions such as interest rate setting, asset admission, and liquidation thresholds may also involve securities laws, and related loans may be classified as securities under certain conditions. Peirce stated that the SEC welcomes proactive communication from market participants in the vault and on-chain lending space and seeks input from all parties to explore whether there is a need to revise rules to protect investors while allowing space for innovation.

According to the Nikkei, Japan's revised Financial Instruments and Exchange Act was passed by a vote in the full session of the House of Councillors on July 15, officially bringing crypto assets (virtual currencies) under the regulatory framework for financial products.While the new law strengthens user protection, it requires exchanges to pay a liability reserve, and the industry generally expects this move to become an important catalyst for industry elimination and consolidation. Saito Masahiko, head of the Financial Services Agency's Market Division, clearly stated that the agency does not endorse crypto asset trading and makes no recommendations.

According to The Wall Street Journal, Coinbase Chief Legal Officer Paul Grewal stated that Coinbase has reached a settlement with the U.S. Securities and Exchange Commission regarding a Freedom of Information Act lawsuit, with the SEC agreeing to pay $150,000 and amend its record-keeping policies. The lawsuit revealed that the SEC lost nearly a year’s worth of communications from former Chairman Gary Gensler and other senior officials during the peak enforcement period in the cryptocurrency industry.Coinbase had previously requested documents from the SEC regarding how it applies securities laws to digital assets, but the request was denied, leading to a lawsuit that received court support. The SEC claimed that some text messages were lost due to an automatic data deletion process. Grewal pointed out that the SEC has imposed billions of dollars in fines on financial institutions for similar record-keeping issues.In February of this year, Coinbase also reached a settlement with the Federal Deposit Insurance Corporation regarding another Freedom of Information Act lawsuit. Coinbase stated that this lawsuit revealed that the FDIC had instructed nearly twenty banks to suspend cryptocurrency-related activities since 2022, which subsequently led to congressional hearings and resulted in a court ruling that the FDIC violated federal law.Grewal stated that both lawsuits revolve around government transparency and due process, emphasizing that the American public has the right to know whether regulatory agencies are restricting legitimate cryptocurrency businesses from accessing banking services through non-public means.

According to a report by CryptoSlate, BitMine's Ethereum staking and validation business heavily relies on the third-party operator Ethereum Tower. According to the relevant management service agreement, Ethereum Tower holds an irrevocable interest of 2% in MAVAN, and the initial term of the agreement lasts for up to 10 years; if BitMine terminates the cooperation early under non-specific default circumstances, the other party can still choose to continue receiving revenue sharing for the remaining term or receive a one-time compensation according to a formula.Documents show that in the three months ending May 31, 2026, BitMine's staking and validation business revenue was $45.743 million, accounting for 98.3% of total revenue of $46.535 million. During the same period, the company held approximately 5.4169 million ETH, valued at about $10.856 billion, of which approximately 4.7187 million had been used for staking. The report suggests that this means BitMine's revenue performance is not only dependent on Ethereum staking returns but is also significantly constrained by third-party management relationships and potential termination costs.

U.S. Congressman Ritchie Torres has requested the U.S. Securities and Exchange Commission (SEC) to investigate whether the upcoming Truth API from Truth Social's parent company Trump Media & Technology Group (TMTG) violates federal securities laws, and to assess whether it involves issues such as market manipulation, investor protection, and conflicts of interest.According to previous reports, the Truth API will launch on August 1, providing paying customers with real-time data access to public posts from popular Truth Social accounts, with authorization fees reaching up to $100,000 per month.

According to monitoring by Onchain Lens, the Morgan Stanley Bitcoin Trust ETF withdrew 106.04 bitcoins from Coinbase Prime, worth approximately 7.01 million dollars.

On July 18 to 19, the Bangalore branch of the Indian Enforcement Directorate conducted raids at multiple locations involved in a virtual asset over-the-counter trading scam targeting overseas investors, based on the Prevention of Money Laundering Act (PMLA).The criminal gang claimed to supply tokens such as MultiversX, Kava, BEAM, GRASS, SUI, VANA, and AGLD at discounted prices through private social channels, thereby enticing foreign investors to invest funds. The total amount involved in the case is approximately $35 million, initially reported by a Dutch entity.This operation has seized electronic devices, wallet credentials, and cryptocurrency assets worth 8,700 USDT. Law enforcement agencies are continuing to expand leads and dig deeper into the complete criminal chain.

According to Cointelegraph, the State Duma of Russia has passed the bill No. 1194918-8 "Digital Currency and Digital Rights" in its second and third readings on Tuesday, setting rules for the operation of crypto assets and cross-border trade within the country.The bill establishes a regulatory framework for market participants such as cryptocurrency exchanges, brokers, asset management companies, and custodians, and sets operational requirements for industry companies. The bill allows crypto assets to be used for foreign trade activities, while payments for goods and services within Russia remain prohibited. The main provisions are expected to take effect on September 1, 2026, with a transition period until July 1, 2027, and the bill still needs to be signed by President Vladimir Putin to become law.

According to monitoring by Lookonchain, the newly created wallet 0xf23c has withdrawn 7,000 ETH (13.46 million USD) from Binance again and staked it.

According to Onchain Lens monitoring, Abraxas Capital has just withdrawn 20,000 ETH (approximately 38.47 million USD) from Aave.

According to Edaily, the South Korean government will hold a forum hosted by Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok to officially launch the legislative discussion on the "Basic Law on Digital Assets (Phase Two)," focusing on the regulation of stablecoins. This forum is the first stablecoin legislative forum organized and hosted by the government. The South Korean government and the ruling Democratic Party plan to push for the passage of the bill within this year.In the economic growth strategy announced on July 14, 2026, the authorities stated that they plan to advance the legislation of the "Basic Law on Digital Assets" in the second half of the year, segment the digital asset industry, establish a regulatory framework for business conduct, and lay a legal foundation for the regulation of stablecoins.