digital

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.

U.S. Senator Cynthia Lummis posted on the X platform, stating that the current version of the cryptocurrency market structure bill requires President Trump to sell his digital assets or transfer them into a blind trust, becoming one of the focal points of negotiation. Several Democratic lawmakers are concerned that the bill will weaken their narrative of attacking Trump for "crypto corruption" in the midterm elections, and thus hold a cautious attitude towards advancing the legislation.Supporters emphasize that the bill also covers ethical standards for the President, Vice President, members of Congress, and the federal judiciary, and will provide a clearer regulatory and protective framework for investors in the event of bankruptcy of cryptocurrency trading platforms.

On July 31, 2026, the 23rd China International Digital Interactive Entertainment Exhibition (ChinaJoy) officially opened at the Shanghai New International Expo Center. Global stablecoin payment infrastructure service provider WasabiCard appeared as an exhibitor at the ChinaJoy BTOB Business Negotiation Hall and engaged in discussions with industry partners from the fields of digital entertainment, gaming overseas expansion, and globalization at booth W5-A102.WasabiCard is committed to building payment infrastructure for global enterprises. By integrating global card issuance, global remittance, and fund distribution capabilities, it provides a one-stop solution covering global payment scenarios, helping global enterprises complete cross-border payments, fund management, and business expansion more efficiently.During the exhibition, the WasabiCard team will be stationed at booth W5-A102 to discuss solutions related to global payment infrastructure, corporate card usage, and cross-border fund distribution with partners.

According to South Korean media Daum, the Financial Services Commission (FSC) of South Korea has announced that it has completed the draft of the "Digital Asset Framework Bill." Currently, only a few matters remain to be coordinated, and as the agenda for the second half of the year is determined by the South Korean National Assembly, efforts will be made to expedite the legislative process.It is reported that South Korea is considering including legal provisions related to AI Agent payments in the "Digital Asset Framework Bill" to address the trend of AI becoming a subject of small and high-frequency payments in the future. It is suggested to provide legal authorization for regulatory frameworks, including establishing customer identity verification (KYC) for AI Agent payments, defining payment responsibilities, foreign exchange declaration for cross-border transactions, and programmable payment standards.

According to DigitalAsset, South Korean Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol stated at a plenary meeting of the National Assembly's Finance and Economy Planning Committee that the taxation of digital assets will be implemented as planned on January 1, 2027, and the system may be supplemented and improved if necessary thereafter.According to the current income tax law, the portion of income from digital asset transactions exceeding 2.5 million won will be subject to a 20% tax rate (including local taxes up to 22%). The implementation was originally scheduled for 2022 but has been postponed three times due to insufficient infrastructure. In response to concerns raised by People Power Party member Kim Sang-hoon regarding the non-application of loss carryforward deductions potentially leading to a decline in domestic demand and capital outflow, Koo stated that stock investments also do not allow for loss carryforwards, and the taxation can be reviewed and improved at any time. Regarding the introduction of a capital gains tax similar to that in overseas markets, Koo mentioned that a comprehensive and systematic consideration of the overall capital market is necessary.

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.