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Ondo Finance announced the launch of the new Ondo Network, positioned as a high-performance execution layer, aimed at combining the trading speed of centralized exchanges (CEX) with the non-custodial and secure settlement capabilities of blockchain. Ondo CEO Ian De Bode stated that the Ondo Network is an "evolutionary version" of the previous Ondo Chain plan, and the company will not operate two networks simultaneously, but will adjust the original plan of building a complete blockchain to focus on the execution layer architecture.According to reports, Ondo initially planned to fully bring real-world assets on-chain through Ondo Chain, but after developing the Ondo Perps perpetual contract trading platform and communicating with users, it was found that the current market's core bottleneck is not asset settlement, but rather trading execution efficiency. The Ondo Network adopts a separated architecture for execution, verification, and settlement, utilizing secure hardware to isolate the execution environment, which enhances trading speed while maintaining user asset self-custody, verifiable transactions, and permissionless blockchain characteristics.Currently, Ondo Perps has become the first application built on this network, supporting 24-hour trading of stocks and commodity perpetual contracts, and allowing the use of tokenized real assets as collateral. Ondo stated that in the future, this network will also support applications requiring high performance, privacy protection, and verifiable execution, such as spot trading, lending, and structured products. Furthermore, the launch of the Ondo Network will not change the positioning of the ONDO token. The CEO stated that ONDO will continue to serve as the governance and incentive token for the Ondo RWA ecosystem and market infrastructure, and as the network gradually decentralizes, ONDO will be used to coordinate the incentive mechanisms for verification nodes, observers, and ecosystem participants.

According to CoinDesk, Swiss crypto bank AMINA is collaborating with Wall Street firm Cantor to evaluate pathways to enter the capital markets. AMINA had considered a SPAC merger but is now more inclined to achieve a reverse merger through the acquisition of a Digital Asset Treasury company, although no final decision has been made.A company spokesperson stated that the current priority is to bring in strategic growth capital, with an IPO as a subsequent option, and that there are currently no discussions with any SPACs or DATs. AMINA, formerly known as SEBA Bank, is regulated by Swiss FINMA and offers crypto trading, custody, staking, and lending services. Its operations have expanded to Abu Dhabi, Hong Kong, and India, with a Tier 1 capital of 74.6 million Swiss francs by the end of 2025 and total financing of approximately 245 million dollars.

According to Jinshi reports, ECB Governing Council member Kazimir stated that the European Central Bank needs to raise interest rates at least once more.

The Bankr developer deployer released a statement on the X platform, stating that the Bankr infrastructure has not been compromised and no Bankr vulnerabilities have been exploited. The attacker infiltrated the X account.Previously, the official Bankr X account was hacked and posted a false airdrop link. Currently, the team is waiting for a response from the X platform and recommends that users enable multi-factor authentication for their Bankr accounts.

According to Cointelegraph, Russia's largest bank, Sberbank, plans to establish cryptocurrency trading infrastructure by December 1 at the latest, which includes a digital repository.Previously, Russia was incorporating cryptocurrency trading, custody, and settlement into its regulated financial system. The digital repository will record the ownership of cryptocurrencies and handle most transactions outside the main blockchain. Sberbank will operate active wallets for customers to make deposits, withdrawals, and transfers.

The Governor of the Central Bank of Russia, Elvira Nabiullina, stated that Bill No. 1194918-8 distinguishes between qualified and non-qualified investors, and it is not only applicable to the cryptocurrency sector but is a common arrangement in regulation. Elvira Nabiullina mentioned that the scope for non-qualified investors is more limited because the government protects them through legislation to avoid risks they do not understand.She pointed out that the relevant measures also cover the crypto ecosystem, due to reasons including the volatility of the crypto market and the possibility that foreign digital assets may be seized due to their association with Russia. Bill No. 1194918-8 is expected to take effect on September 1 and will be implemented simultaneously with the launch of the digital ruble. The bill stipulates that the purchase limit for non-qualified investors in cryptocurrencies is 300,000 rubles, approximately $3,800, while the limit for qualified investors is ten times that amount.Elvira Nabiullina stated that the Russian crypto ecosystem remains open, and the repatriation and transfer of digital assets abroad are not restricted. She noted that investors will not be protected by Russian law after receiving relevant assets abroad, and any issues must be resolved within foreign jurisdictions.

KB Kookmin Bank announced that it will launch a cross-border corporate payment service based on the Kinexys blockchain payment network under JPMorgan in August, becoming the first financial institution in South Korea to apply this network for import and export enterprise settlements.It is reported that the service will initially support USD remittances, covering 10 countries including the United States, Saudi Arabia, Qatar, and the United Arab Emirates, and is expected to shorten the cross-time zone payment time with regions such as the United States and the Middle East.

The AI agent toolkit Bankr developer deployer posted a reminder on platform X that all Bankr users should enable multi-factor authentication (MFA) within their Bankr accounts, as enabling MFA only on X or other social login accounts is insufficient to ensure the security of account funds.Previously, deployer posted on X stating that the Bankr X account had been compromised and false airdrop links were published, even though the account had previously been protected by device-side Passkey. deployer stated that they have requested the removal of the related false posts from platform X and are assisting in investigating the cause of the account compromise.

According to South Korean media Daily NK, North Korean authorities arrested an elite hacker group on July 12, which is suspected of infiltrating the internal networks of the North Korean central bank and foreign trade bank, stealing national trade funds and laundering money through cryptocurrency. Sources say the group's leader is a veteran from the cyber warfare unit under the North Korean Reconnaissance General Bureau, who recruited talented IT graduates from Kim Chaek University of Technology and Pyongyang University of Science and Technology, using encrypted communications and wireless devices to commit crimes.They split the stolen funds into small amounts and transferred them to overseas cryptocurrency wallets, exchanged them for cash through intermediaries, and then converted them into dollars and other currencies in border areas. Pyongyang officials launched an investigation after discovering anomalies in foreign currency payment approvals and records of overseas IP access, ultimately raiding a safe house and arresting suspects who were laundering money, seizing equipment worth hundreds of thousands of dollars. This case has caused a stir among the elite and military circles in Pyongyang, with senior officials in the Reconnaissance General Bureau and the science and education sector worried about being implicated. North Korea has long been accused of stealing billions of dollars in cryptocurrency assets through hacker organizations like the Lazarus Group, but this incident rarely shows that its own financial system has also become a target of internal attacks.

According to TASS, the Governor of the Central Bank of Russia, Elvira Nabiullina, stated that there are no restrictions on transferring cryptocurrencies from Russia to overseas for all categories of investors, but investors should be aware that such operations currently lack legal protection.

According to informed sources, SoftBank Group is considering acquiring Gravis Robotics AG, as SoftBank is targeting the artificial intelligence sector that supports robotics technology. SoftBank plans to make a significant investment in this European startup and incorporate it into its newly established company, Roze.SoftBank may complete the transaction in phases, achieving this through gradual acquisition of existing shares and injecting new funds. Informed sources say that this deal could ultimately value the Zurich-based Gravis company at over $500 million. They stated that no final decision has yet been made regarding the scale or structure of the transaction.

According to Jinshi, European Central Bank Governing Council member Slapin stated that as long as the overall inflation outlook requires it, the European Central Bank may raise interest rates in September even without a second-round effect.

According to TheMinerMag, the former largest Bitcoin mining pool in the world, Poolin, has applied for Chapter 11 bankruptcy protection in the United States, planning to sell its Texas Bitcoin mining assets for $52 million and cease operations. Poolin and its two U.S. affiliates submitted a voluntary application to the bankruptcy court in New Jersey on July 22, with liabilities of approximately $173 million, of which about $163.7 million is unsecured IOUs issued to Poolin wallet users after withdrawals were suspended during the downturn of the crypto market in 2022.Approximately 11,700 wallet users hold balances of over $100. Its two Texas mining sites ceased mining and hosting operations on July 10. Poolin has reached an asset purchase agreement with Thor CALAP LLC, with the Pyote site valued at $15 million and the Tarbush site’s power rights and equipment valued at $37 million, making a total bid of $52 million as the starting bid. Poolin stated that demand for AI infrastructure may increase the value of the mining site’s power and equipment. The final recovery amount from the court auction will depend on bids, fees, and court approval.

According to Jinshi reports, the European Central Bank has kept the deposit facility rate unchanged at 2.25%, in line with market expectations, while the main refinancing rate and the marginal lending rate remain unchanged at 2.40% and 2.65%, respectively.

According to Jinshi reports, EU High Representative for Foreign Affairs and Security Policy Borrell stated that sanctions have been imposed on over 100 banks and cryptocurrency operators, more than 40 shadow fleet vessels, and several refineries in Russia and Belarus.

Swiss cantonal bank BancaStato integrates Sygnum's cryptocurrency trading services, allowing customers to buy and sell BTC, ETH, and 4 other cryptocurrency assets through the existing banking app.

According to Jinshi reports, Kristoffer Kjaer Lomholt, head of fixed income and foreign exchange research at Danske Bank, pointed out in a report that the market's attention to the 30-year U.S. Treasury yield is increasing, and this yield has now risen above 5%. He mentioned that the escalation of conflict in the Middle East has caused Brent crude oil prices to approach $100 per barrel, which puts pressure on inflation ahead of next week's Federal Open Market Committee (FOMC) meeting.As of the time of writing, the 30-year U.S. Treasury yield has risen by 0.3 basis points to 5.15%, close to a two-month high.

According to Jinshi reports, Helaba analysts stated that the escalating situation in the Arabian Gulf region and rising energy prices have raised concerns among central bank officials. The European Central Bank will announce its monetary policy decision later today, and analysts pointed out that there are currently no clear signs indicating that the European Central Bank is about to raise interest rates. The money market expects the European Central Bank to raise interest rates by 21 basis points in September, and it is anticipated that the wording of the statement will not undergo significant changes.

Fox Business crypto reporter posted on the X platform stating that the bill outlines the rules for handling digital assets in the event of bankruptcy of exchanges or custodians.The bill helps ensure that customer assets receive the same protection as traditional financial assets and remain the property of the customers, rather than becoming part of the company's bankruptcy estate. This could help prevent a situation similar to FTX from occurring again.