digital

According to Edaily, the Financial Services Commission (FSC) of South Korea plans to jointly draft a unified government bill for the "Basic Law on Digital Assets" with the ruling Democratic Party, covering the issuance and circulation of stablecoins, business rules for digital assets, exchange admission requirements, information disclosure, internal control, and system resilience standards. Currently, there are 10 related bills pending review in the National Assembly, but there has not yet been consensus on core disputes such as whether the issuers of won-pegged stablecoins must be bank holding companies and whether to impose shareholding restrictions on major exchanges. The FSC has not yet determined the submission date for the bill.Meanwhile, the opposition party's People Power Party lawmaker Song Yeon-sik submitted a proposal to abolish the cryptocurrency income tax amendment to the National Assembly's Finance and Economy Planning Committee for review on Wednesday. Additionally, a tax abolition petition supported by over 50,000 people is also expected to be submitted to the petition subcommittee. According to the current plan, starting from January 1, 2027, cryptocurrency transfers or lending income exceeding 2.5 million won per year will face a 20% income tax plus a 2% local tax. The government and the ruling party support the timely implementation, while the opposition party believes it is unfair to tax cryptocurrencies when most ordinary stock investors remain tax-exempt.

According to BBX data, yesterday and in recent days, global listed companies and cryptocurrency asset management institutions disclosed the latest real adjustment dynamics in digital asset holdings and custody chains, with the core information as follows:DigitalX sold 80 bitcoins: Australian cryptocurrency asset management company DigitalX Limited (ASX: $DXX) officially disclosed that the company recently sold 80 bitcoins in the secondary market. After this reduction, its total bitcoin holdings decreased from 363 to 283 BTC.Oranje BTC steadily increased holdings by 6 bitcoins: Brazilian listed bitcoin treasury company Oranje BTC (B3: $OBTC3) announced that it has bought an additional 6 bitcoins. After this slight accumulation at a low price, its total bitcoin holdings rose to 3,918 BTC, further consolidating its position as one of the largest enterprise-level digital treasuries in South America.Bitmine received 7,500 ETH from BitGo: Nasdaq-listed company Bitmine (NYSE: $BMNR) on-chain fund flow shows that the company officially withdrew and received 7,500 ETH (with a fair value of approximately $14.61 million) from the digital asset custody platform BitGo yesterday, and it is expected to be transferred to on-chain staking or custody accounts.

According to Vietnamese media An Ninh Tien Te, the Ministry of Public Security of Vietnam proposed to expand the scope of electronic identification subjects in the draft of the "Electronic Identification and Authentication Law," incorporating data, applications, digital assets, and various other assets. The draft stipulates that electronic identification subjects include not only institutions, organizations, and individuals but also extend to physical entities such as products, goods, and equipment, as well as digital resources and digital assets like databases, documents, images, and videos. The identification of digital assets is executed in accordance with the provisions of the Digital Technology Industry Law.The draft also establishes mechanisms for the suspension, restoration, and cancellation of electronic identities and identification codes. The Ministry of Public Security stated that the current electronic identification primarily serves the digital construction of citizens and the government, but in the context of the rapid development of the digital economy and digital society, a unified identification mechanism needs to be established, covering various entities in both physical and digital environments.

Bitcoin mining company and AI infrastructure company Ionic Digital today went public on Nasdaq through a direct listing, with the stock code IOND, opening at $50, a reference price of $53, and rising over 25% during the day to nearly $63, implying a valuation of approximately $2.75 billion.Ionic Digital was established in January 2024 and acquired most of the mining assets from the bankruptcy restructuring of the cryptocurrency lending platform Celsius Network, including mining machines, infrastructure, approximately $195 million in cash, and 540 BTC. Currently, Ionic Digital holds 2,861 BTC and is redirecting more power capacity towards long-term AI leasing contracts.

According to The Block, cryptocurrency financial company Galaxy Digital announced that it has acquired approximately 500 acres of land in McGregor, Texas, for the construction of its second large AI and high-performance computing (HPC) data center campus in the state. The project will be advanced in collaboration with the city of McGregor and local partners, with an initial planned capacity of 74 MW, expected to receive power supply by 2028, and plans to expand to hundreds of megawatts by 2030.Galaxy expects that the project will increase the local tax base in McGregor by at least $130 million. Galaxy CEO Mike Novogratz stated that the company has validated the model of long-term cooperation between private data centers and rural communities at the Helios data center in Dickens County, Texas over the past few years, and the new campus will be the next step in Galaxy's strategy to build a multi-campus data center business. Previously, Galaxy acquired the Helios Bitcoin mining campus in West Texas in 2022 and gradually shifted towards AI and high-performance computing business. Currently, the Electric Reliability Council of Texas (ERCOT) has approved Galaxy to expand Helios to a capacity of 1.63 GW, which has been leased by AI cloud computing company CoreWeave for 15 years.

Aave founder Stani Kulechov posted on X that the CLARITY Act will grant banks the legal authority to use digital assets and distributed ledgers without prior notice or approval, covering custody, staking, and lending, which represents a significant expansion of accessible market space for the crypto industry.Previously, he also stated that the bill is not perfect, and many aspects depend on the subsequent formulation of actual authorization rules, but it is the first regulatory framework to touch on DeFi, creating certainty for institutions, fintech companies, and banks to use on-chain business. He noted that once the CLARITY Act is passed, it will bring favorable conditions and investment for on-chain business similar to what the GENIUS Act has done for stablecoins.

According to The Block, the Central Bank of Russia has released a regulatory draft for "organized trading" of digital assets and digital rights, aiming to set access and operational rules for cryptocurrency exchanges and digital custodians. The draft requires exchanges to determine trading processes through their own rulebooks and to calculate market prices and weighted average prices; it proposes the establishment of digital custodians responsible for bookkeeping, with registered capital ranging from 50 million to 250 million rubles, and must involve high liquidity and high credit quality assets.Electronic platform operators must also meet similar capital requirements and undertake the settlement functions of nominal accounts for digital financial assets. This draft has entered the regulatory impact assessment stage, connecting with the previously passed cryptocurrency market bill, and continues to provide a framework for compliant retail trading while prohibiting cryptocurrency payments within the country.

According to monitoring by BitcoinTreasuries.NET, the Australian listed company DigitalX (DCC) has sold 80 bitcoins, increasing its cash reserves to $21 million.It currently holds a total of 283 BTC, ranking 79th in bitcoin holdings.

According to Onchain Lens monitoring, BitMEX founder Arthur Hayes (0x6cd...7e21) received 5 million USDC from Galaxy Digital OTC Desk.

According to official news, Tether announced that its gold-backed digital asset XAUT has received Sharia compliance certification issued by Amanah Advisors, led by Mufti Faraz Adam. This certification confirms that XAUT complies with the core principles of Islamic finance.XAUT is issued by TG Commodities, S.A. de C.V., with each full token representing direct ownership of physical gold stored in a Swiss vault. Certification requirements include genuine ownership of physical gold, clear and verifiable asset backing, no interest, no leverage or speculative derivatives, and transparency in reserve structure.Tether stated that XAUT can be used for the integration of digital gold products in Islamic banking, takaful and halal savings products, long-term wealth preservation strategies, tokenized trade financing, and collateral applications. Amanah Advisors will continue to work with Tether to develop practical guidelines and governance frameworks to support the adoption of XAUT in a Sharia-compliant manner.

OneBullEx officially launched the OneBullEx Mastercard in July, further expanding the application of digital assets in everyday payment scenarios. Users can convert USD T in their accounts to USD balance on the card and make online and offline purchases in over 100 countries and regions that support Mastercard, while also supporting quick card issuance in minutes.With the product launch, OneBullEx simultaneously introduced a limited-time benefit event. From July 27 at 18:00 to August 23 at 18:00, users who recharge more than 100 USDT (excluding card issuance fees) within 7 days after opening the card and complete their first valid transaction can participate in the launch event.By launching the OneBullEx Mastercard, OneBullEx is further connecting AI smart trading, digital asset management, and global payment scenarios, promoting the extension of digital assets from trading tools to everyday financial applications, providing users with a more convenient and efficient digital asset usage experience.

Mirae Asset has completed the acquisition of Korea's earliest cryptocurrency exchange Korbit at 97.15% and has renamed it Digital X.The company plans to develop Digital X into a smart investment platform, integrating real-world assets, security tokens, stablecoins, traditional assets, and digital assets within the same ecosystem. Mirae Asset stated that it will not directly compete with dominant exchanges like Upbit and Bithumb, focusing instead on investor education, research, strict compliance standards, and institutional-grade infrastructure.

The Shanghai Branch of Industrial and Commercial Bank of China (ICBC) has collaborated with ICBC Singapore Branch to successfully implement the country's first cross-border payment business between China and Singapore based on the digital renminbi cross-border settlement comprehensive service platform "Digital Currency Express" (CBETS). This transaction, involving nearly ten million yuan in import shipping fees, was fully paid using digital renminbi, with funds arriving in the Singapore recipient's account on the same day, achieving "zero time difference" and "high transparency" in cross-border fund transfers. The service targets subsidiaries of central enterprise group trade platforms that regularly need to procure iron ore from abroad and pay for shipping fees, with high frequency and large amounts of cross-border settlements."Digital Currency Express" is a cross-border settlement infrastructure built by the International Operation Center of Digital Renminbi under the guidance of the People's Bank of China's Digital Currency Research Institute. Overseas participants can access services through the Hong Kong access point "One Point Access", compatible with both centralized and blockchain systems, and the message standards comply with ISO20022. On June 16, 2026, the first batch of 26 financial institutions signed direct participant service agreements. This business marks a significant breakthrough for ICBC in leveraging the infrastructure of the International Operation Center of Digital Renminbi to establish an integrated cross-border clearing system for domestic and foreign branches, achieving comprehensive coverage of two-way digital renminbi payment and receipt services with Singapore and Laos.

According to a report by businesswire, Empery Digital Inc. (NASDAQ: EMPD), a publicly traded company in the U.S. that adopts a Bitcoin fund management strategy, announced that it has completed a $20 million preferred stock investment in Cardinal Data Power, Inc. (referred to as "CDP") on July 20, 2026, holding approximately 8% of its equity.CDP is a subsidiary of Hunt Properties, focusing on the construction of power-driven data center parks, dedicated to providing power and construction for next-generation gigawatt-level data center parks in West Texas and West Virginia.This investment is part of CDP's approximately $70 million Series A financing, aimed at supporting its first park project located in West Texas, which covers over 3,500 acres. The first phase of the project is scheduled to go into production in 2027, with a total installed capacity expected to reach about 1 gigawatt by 2029, and future plans to expand to over 5 gigawatts. The Series A financing is led by Hood River Capital Management.

According to PRNewswire, Nasdaq-listed company Canton Strategic Holdings announced that it has completed the sale of its biotechnology research and development department, Gravitas Life Sciences, to Gravitas Collective Corp. The transaction was unanimously approved by the company's board of directors and was officially completed on July 17, 2026.This sale marks the company's further transformation into an operational enterprise focused on driving the digitization of traditional financial markets around the Canton Network, promoting asset tokenization and the digitization process of financial markets, as well as financial infrastructure business.

According to Globenewswire, the stablecoin issuer Mandela Digital announced the completion of a $5 million financing round, with participation from Datavault AI. The new funds will be used for the construction of stablecoin infrastructure, compliance, exchange integration, liquidity and marketing, as well as to accelerate the launch of the 1:1 dollar-pegged stablecoin Mandela Dollar (MUSD).It is reported that Datavault AI will also provide technical support for MUSD, including an AI platform, blockchain tokenization, SanQtum quantum-resistant encryption, and a framework for real-world assets (RWA).

The South Korean Financial Services Commission stated that it will submit the government bill for the second phase of the "Basic Law on Digital Assets" as soon as possible, and will coordinate the release of guidelines for corporate cryptocurrency asset trading with the legislative process. At the same time, it plans to include digital asset custody under independent business regulation and holds a cautious attitude towards the mandatory separation of custody business from exchanges.In addition, South Korea will refer to the practices of the European Union to provide a more convenient access mechanism for traditional financial institutions applying for virtual asset service provider licenses. Regarding the market's concern about the separation of exchange custody business, the South Korean Financial Services Commission stated that there are currently few cases of mandatory separation overseas and prefers to prevent conflicts of interest through improved behavioral regulation rather than requiring exchanges to operate custody business independently.

According to Report.az, the government of Kazakhstan has approved the "Strategic Digital Mining Implementation Rules," allowing enterprises to obtain electricity quotas from power generation institutions at a capped price over the next 10 years.In exchange, the relevant enterprises are required to transfer a portion of the mined cryptocurrency into the Astana Hub Autonomous Cluster Fund, which will then be managed in trust by the National Investment Company under the National Bank of Kazakhstan to supplement the national strategic cryptocurrency reserves.

According to BBX data, yesterday the global digital infrastructure and cryptocurrency reserve companies welcomed significant developments in capital operations, technology security, and treasury clearing. The core content is as follows:Satsuma shareholders overwhelmingly approved the liquidation of Bitcoin and delisting: Shareholders of Satsuma Technology, the second-largest publicly listed Bitcoin reserve company in the UK, voted with a high approval rate of 90% to approve the sale of all 668 BTC (fair value approximately $43.5 million), return capital to investors, and delist from the London Stock Exchange (LSE). According to the timeline, the company is expected to cancel its listing on September 14, 2026, with fund clearing and CREST transfers to be completed by September 28. The company's Bitcoin treasury strategy lasted less than a year, and its stock price has fallen over 99% from its peak.Ionic Digital received SEC approval for direct listing on July 28: Digital infrastructure company Ionic Digital officially announced that its S-1 registration statement has been formally approved by the U.S. SEC and is expected to begin trading its Class A common stock on the Nasdaq Global Select Market on July 28, with the stock ticker "IOND." This listing will adopt a direct listing model, and the company will not publicly offer any new shares. Ionic Digital's core business focuses on providing next-generation data center solutions for AI and high-performance computing (HPC).Galaxy launches a $5 million "Bitcoin Quantum Readiness Initiative": Digital asset giant Galaxy announced the launch of the "Bitcoin Quantum Readiness Initiative," intending to invest up to $5 million in developer funding to promote the evolution of the Bitcoin network towards quantum attack resistance. The initiative consists of three core components: first, funding the development of post-quantum cryptography (PQC) solutions; second, conducting specialized research on quantum computing and network security by Galaxy Research; third, forming an expert advisory committee to advance academic discussions on the underlying roadmap.