digital

The U.S. Department of the Treasury issued a joint statement outlining the discussions from the U.S.-UK Financial Regulatory Working Group meeting held on July 8 in London. The regulatory agencies from both sides expanded their collaboration in areas such as digital assets, stablecoins, payment modernization, AI, financial stability, capital markets, and cross-border financial cooperation. Participants included the finance departments of both countries, the Bank of England, the Federal Reserve, the UK's Financial Conduct Authority, and several U.S. financial regulatory agencies.The U.S. side introduced the implementation progress of the stablecoin GENIUS Act and the market structure for digital assets, while the UK side presented the digital strategy for wholesale financial markets. Both sides support comparable regulatory standards for stablecoins, including cross-border use, comparable treatment of similar risks, and that stablecoins used as currency should be backed by high-quality liquid assets at least on a one-to-one basis. The Federal Deposit Insurance Corporation has proposed implementation standards for the GENIUS Act, covering reserves, redemption, capital, liquidity, risk management, custody, and safekeeping.The Bank of England has released a draft rule for stablecoins that could achieve systemic scale in the UK economy, including a temporary issuance cap of £40 billion for each systemic stablecoin, unrestricted use by individuals and businesses, and reserve requirements. The Financial Regulatory Working Group is expected to hold another meeting in early 2027.

According to a report by China News Service, Russian President Putin signed a law on the 4th to comprehensively regulate digital currencies and digital rights in Russia. Relevant documents have been published on the Russian legal information website. The law clarifies the operational rules for cryptocurrency exchange platforms, digital asset custodians, and other market participants, and regulates the conditions under which investors can purchase cryptocurrencies.The law regulates relationships related to the circulation, accounting, and storage of digital currencies and foreign digital tools, as well as activities related to "mining," and the issuance and circulation of digital rights. It also stipulates the regulation of the business operations of information system operators for issuing digital financial assets, cryptocurrency exchange institutions, digital asset custodians, brokers, asset management companies, trading organizers, and clearing institutions. According to this law, Russian citizens can legally invest in cryptocurrencies through exchanges within Russia and use services provided by brokers, trust managers, asset management companies, and cryptocurrency exchange institutions when conducting cryptocurrency transactions and related operations.The registration and custody of cryptocurrencies will be the responsibility of relevant digital custodians approved by the Central Bank of Russia, and market participants must comply with strict information security requirements. The Central Bank of Russia will also establish a registration list for cryptocurrency exchange institutions, which will include credit institutions and brokers under a filing system for management. This law will officially take effect on September 1, but some provisions will be implemented on July 1, 2027, or September 1, 2027.

The Nasdaq-listed financial services company Marex Group has invested in the institutional-grade crypto infrastructure provider Digital Prime Technologies, with the amount undisclosed. This investment will support Digital Prime's development of the digital asset lending platform Tokenet in collaboration with EquiLend and will be used by Marex to expand its institutional digital asset business.Digital Prime disclosed last week that the lending inventory from launch partners for Tokenet has exceeded $1 billion, with borrowing demand also exceeding $1 billion. The relevant data indicates the scale of digital assets available for lending and the borrowing intentions expressed by participating institutions, rather than completed loans. Launch partners for Tokenet include Galaxy Digital and Ripple Prime, among others. Marex's investment is part of its initiative to expand its digital asset business through investments in crypto market infrastructure.

According to CoinDesk, Laser Digital, the digital asset division of Japanese financial group Nomura, announced a strategic investment in the UAE Layer1 blockchain project ZIGChain. The two parties will collaborate to promote the on-chain development of the private credit market in the Gulf region, including asset products that comply with Sharia financial rules.The specific investment amount has not been disclosed, but market sources indicate that the investment scale reaches the high single-digit millions of dollars. ZIGChain has currently partnered with Standard Chartered and the crypto-friendly fund service provider Apex Group, focusing on on-chain asset management and private credit infrastructure development.

According to BTCtreasuries, the publicly listed Bitcoin mining company Cipher Digital has sold 470 BTC to fund the development of an AI data center and currently holds a total of 646 BTC. Its Bitcoin 100 ranking is 58th.

According to BBX data, yesterday global listed companies, large asset management institutions, and treasury protocols disclosed the latest real dynamics in the purchase and reserve allocation of crypto assets, with the core information as follows:Cardone Capital increased its holdings by 350 bitcoins: Grant Cardone, CEO of the real estate investment company Cardone Capital, announced that Cardone Capital has recently increased its holdings by 350 bitcoins (worth approximately $22.3 million) in the secondary market, further expanding the proportion of digital asset allocation in its real estate asset management system.Ethereum treasury protocol ETH Strategy increased its holdings by 2,520 ETH: The Ethereum treasury protocol ETH Strategy announced that it has again increased its holdings by 2,520 ETH. After this increase, its total Ethereum holdings have significantly risen from the previous amount to 6,920 ETH.OranjeBTC steadily increased its holdings by 30 bitcoins: Brazilian listed company OranjeBTC (B3: $OBTC3) disclosed the latest treasury data, stating that the company has again purchased 30 bitcoins. After this accumulation, its total bitcoin holdings have steadily risen to 3,948 BTC.Ruihe Smart (03680.HK) obtained 32.73 BTC through cloud mining: Hong Kong listed company Ruihe Smart (03680.HK) announced that the company successfully obtained 32.73 bitcoins as rewards through its cloud mining business on August 2 (worth approximately $2.71 million), continuously acquiring native crypto assets through its main business liquidation.

According to ThePayPers, the digital investment service platform InvestiFi has completed a $20 million financing round, led by Vibe Credit Union, with participation from several U.S. credit unions including BankTech Ventures, ICCU (Idaho Central Credit Union), United Financial Credit Union, and Coastal Credit Union.InvestiFi enables traditional financial institutions to directly offer cryptocurrency trading, as well as investment services for stablecoins, stocks, ETFs, etc., within their existing online banking systems, allowing users to invest directly through checking or savings accounts without the need to transfer funds between bank accounts and external brokers or crypto platforms. The new funding will be used to scale the platform.

According to TASS, Russian President Putin signed a law on August 4 that implements comprehensive regulation for the circulation of digital currencies and digital rights within Russia for the first time. This law establishes an operational framework for cryptocurrency exchanges, digital custodians, and market participants, while also regulating cryptocurrency mining and the issuance and circulation of digital financial assets (DFA).Key points include: cryptocurrency exchanges must be included in a special register to operate (with a transition period until July 1, 2027), and the minimum registered capital requirement is 15 million rubles (approximately $187,000); the use of cryptocurrency for payment of goods and services remains prohibited domestically, but it is allowed for cross-border trade settlements and mining income; non-qualified investors have a purchase limit of 300,000 rubles (approximately $3,700) per year per intermediary, while qualified investors are not subject to restrictions; banks have the right to freeze funds involved in unauthorized cryptocurrency transactions. The core provisions of the law will officially take effect on September 1, 2026, with some provisions being implemented in batches on July 1 and September 1, 2027.

According to CoinDesk, U.S. Senator Bill Hagerty is urging the Senate to pass the CLARITY Act (Digital Asset Market Structure Act) as soon as possible, stating that the U.S. cannot fall behind in the digital asset space. He believes that establishing a clear regulatory framework is crucial for promoting innovation in U.S. digital assets and maintaining global competitiveness.The CLARITY Act aims to clarify the division of regulatory responsibilities in the U.S. digital asset market, providing a more defined rules framework for the crypto industry. Currently, the bill is awaiting further review by the Senate.

According to CoinDesk, financial services company BNY announced on Tuesday that it plans to add staking services to its digital asset custody platform in collaboration with digital asset company Galaxy.This service will allow institutional clients to earn staking rewards without moving their assets out of the BNY custody system. BNY's move is the latest action to expand blockchain services for institutional investors.

According to the Economic Times of India, the Indian Central Board of Direct Taxes has revised the global tax reporting framework, expanding the scope of the Foreign Account Tax Compliance Act and the Common Reporting Standard to include specific crypto assets, central bank digital currencies, and digital currency products, while tightening the due diligence requirements for financial institutions.The updated compliance framework provides guidelines for banks, mutual funds, insurance companies, custodians, and other investment entities on account identification, tax residency verification, and financial information reporting. Financial institutions are also required to conduct enhanced due diligence on high-value accounts with balances exceeding $1 million.

The blockchain rewards platform Bundle announced the completion of a $5.5 million Pre-Seed round of financing, co-led by Ethereal Ventures and Further Ventures, both founded by Ethereum co-founder Joe Lubin, with participation from institutions such as Nascent, GSR, Scenius Capital, Anchorage Digital, and Nuwa Capital.

ChianCatcher news, The Tie co-founder and CEO Joshua Frank announced the official launch of its wholly-owned subsidiary The Tie Capital.The company is a broker registered with the SEC in the United States and a member of FINRA, which will provide investment banking and capital market advisory services for crypto protocols, on-chain businesses, and digital asset service providers. The scope of services includes private financing, buy-side and sell-side mergers and acquisitions, agreement restructuring, token generation events (TGE), token-to-equity conversions, and other special situation transactions. This business is led by Boomer Saraga as Managing Director.The Tie was founded in 2017 and primarily provides services such as market intelligence, data APIs, conferences, enterprise access, and staking infrastructure. This launch aims to further serve institutional clients.

POAP founder Isabel announced that after more than 5 years of operation, the POAP project will gradually come to an end.Isabel stated that over the past few years, POAP has minted millions of digital collectibles in hundreds of communities and collaborated with global institutions such as Coinbase, Amex, Warner Music Group (WMG), and Bayer. Additionally, POAP completed large-scale applications during the Devcon event, minting over 8,000 collectibles in one week, and launched the Airport Rally event, allowing collectors worldwide to obtain POAP at airports.Isabel noted that POAP holds special significance for many, but due to the impact of the financing cycles and distribution models in the crypto industry, it has become difficult to establish a sustainable business model without sacrificing the project's core philosophy. At the same time, the rapidly changing technological infrastructure and market cycles have also increased operational challenges.She summarized POAP's experience by stating that user communities are the most undervalued assets of a business, and truly valuable products can spread the brand through users; connecting with users remains a core value that should not be overshadowed by short-term technological hype and price speculation; in a rapidly changing market environment, long-term accumulation and brand trust will become important moats.Isabel mentioned that there are currently no decisions made regarding the next steps, but she is contemplating the development direction of the Go-To-Market (GTM) model for businesses in the AI era.

Tom Lee, Chairman of the Ethereum treasury company Bitmine, posted on the X platform stating that more and more public institutions and major organizations are stepping up to support the CLARITY Act. If the act fails to pass smoothly, the United States may lose its leading edge in the digital finance sector and hand over dominance to other countries.

Strategy tweeted support for the CLARITY Act, believing that establishing a clear and long-term stable market regulatory framework will help promote the development of the digital asset industry and encourage broader institutional adoption in the United States.