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David Hoffman, co-founder of Bankless, stated that Bitcoin's current trend faces two possible paths: sideways consolidation or a final round of panic selling.He believes that Bitcoin is more likely to enter a sideways consolidation phase, with the bottom having basically appeared.

The Clarity Act will establish clear federal rules for centralized platforms, brokers, dealers, and custodians used by consumers to buy, sell, and hold digital assets, covering registration, regulation, disclosure, custody, asset segregation, market integrity, conflicts of interest, fraud prevention, and bankruptcy matters.Since the collapse of FTX nearly four years ago, many consumers have been unable to confirm the location of their assets, whether their assets are separated from platform funds, and how their assets will be handled in the event of the company's failure. Regulatory agencies, bankruptcy courts, and law enforcement agencies have since addressed these issues.

According to The Block, a federal grand jury in the United States has indicted South Dakota cryptocurrency investor Benjamin Paul Wiener on 29 counts, including telecommunications fraud, money laundering, bank fraud, and aggravated identity theft.

The Dubai cryptocurrency trading platform Quote Trade announced the completion of a $4 million financing round, which will be used to expand support for more blockchain and digital assets, strengthen liquidity partnerships, recruit engineering and trading teams, and continue building infrastructure for human traders and AI trading agents.

Injective stated that it has submitted a transfer agent registration application to the U.S. Securities and Exchange Commission. The transfer agent is responsible for maintaining the official ownership records of securities and handling transfer changes, a function typically maintained by specialized institutions off-chain in traditional markets.This application aims to migrate this core market function on-chain, allowing the tokens themselves to serve as ownership records, thereby enabling the registration and transfer of tokenized securities to be completed in seconds and reducing intermediary verification steps.

According to Fortune, global payment giant Visa is accelerating its layout of stablecoin infrastructure by launching the Visa Stablecoin Platform, which helps banks and fintech companies integrate stablecoin payment capabilities into existing payment and fund management systems.It is reported that the platform aims to provide stablecoin service support for approximately 15,000 financial institutions and over 200 million merchants globally, allowing businesses to use USD stablecoins for settlement, fund circulation, and financial management within traditional payment networks.Visa currently processes about $150 trillion in payment transactions annually and has handled stablecoin settlement business worth billions of dollars. The company hopes to further expand the application of stablecoins through the new platform. The Visa Stablecoin Platform will initially support the new stablecoin OUSD launched by the Open Standard Alliance, while continuing to be compatible with existing stablecoins supported by Visa, including USDC issued by Circle and USDG issued by Paxos.Visa believes that stablecoins are becoming an important component of future financial infrastructure, with advantages including: instant settlement, transactions that do not rely on traditional bank clearing cycles; low-cost transfers, reducing payment costs based on blockchain networks; and transparency and traceability, with on-chain transaction records providing higher verifiability. Visa has been continuously laying out its strategy in the stablecoin field. In 2020, Visa became the first global payment network to support USDC settlements; in 2025, the company launched a stablecoin settlement program to further promote stablecoins into the mainstream payment system.Meanwhile, Visa's competitors are also accelerating their entry into the stablecoin market. Mastercard recently launched a stablecoin settlement solution and collaborated with companies such as MoonPay and Paxos; American Express is also participating in the ecosystem development related to Open Standard. As traditional payment giants increasingly adopt stablecoins, stablecoins are gradually transforming from payment tools in the crypto industry to an important component of global financial infrastructure.

Crypto journalist Eleanor Terrett posted on the X platform that the U.S. Senate yesterday passed a resolution by unanimous consent, stating that FTX founder Sam Bankman-Fried should not receive a presidential pardon.The resolution was introduced by Senators Ruben Gallego and Cynthia Lummis, formally recording the Senate's political statement opposing the pardon for SBF.However, the resolution is not legally binding, so it will not prevent the U.S. President from pardoning SBF in the future, nor does it have any direct impact on his current legal situation.

Polygon CEO Marc Boiron stated on the X platform that the company is in the final stages of completing the acquisition of Coinme, and will subsequently integrate the relevant teams into Polygon Labs. As part of achieving the profitability goal for 2027, the company has initiated layoffs and is advancing broader mergers and organizational adjustments.Marc Boiron mentioned that Polygon Labs is transitioning from a blockchain foundation-type organization to a blockchain payment company, with the relevant adjustments primarily focusing on organizational structure and talent needs. He also stated that the company's current revenue performance is strong, with stablecoin business volume continuously breaking records, and that compensation and support will be provided to affected employees.

According to Fortune, the AI dining platform Wonder announced the completion of a $650 million financing round, with participation from Accel, Google Ventures (GV), and NEA, as well as new investors including ARK Invest, AllianceBernstein, and Kayne Anderson. Goldman Sachs, Jefferies, and JPMorgan acted as the arrangers for the financing.The company is developing an AI platform called "MEL," which automatically plans and orders meals that meet individual needs by analyzing users' biometric indicators and physical conditions.It is reported that Wonder's post-financing valuation has reached $9 billion, and it plans to launch an initial public offering (IPO) early next year.

According to Fortune, the prediction market platform Pascal announced the completion of a $9 million Series A financing round, planning to create a new generation of prediction market platform aimed at professional traders and institutional users, challenging the current market landscape dominated by Kalshi and Polymarket. This round of financing was led by Union Square Ventures (USV), with specific valuation undisclosed.This financing is an extension based on the $6 million seed round from last August, with early investors including Wintermute Ventures and DBA. Pascal is headquartered in New York and positions itself as a prediction market platform similar to Kalshi, but aims to provide users with lower fees, higher liquidity, and more specialized trading tools through a trading model closer to perpetual futures.Pascal co-founder Ivo Crnkovic-Rubsamen stated that they hope to establish a high liquidity prediction market for real business risks in the future, allowing companies to use these markets for risk management and hedging.

According to Cointelegraph, the fintech platform MoonPay has acquired the crypto infrastructure startup Glide and will integrate its deposit and routing technology, with the financial terms of the transaction undisclosed.Glide was founded in 2023 by Tushar Soni and Qinyu Tong, who were both part of the Robinhood Wallet team. Glide supports over 100 tokens across 30 blockchain networks, helping applications receive deposits from various tokens, wallets, exchanges, and payment sources.After the acquisition is completed, Glide's technology will be integrated into MoonPay Deposits, a product already used by applications such as Wallet in Telegram, Moonshot, and Paysafe. MoonPay stated that this transaction is part of its efforts to expand its digital asset infrastructure capabilities. This is MoonPay's sixth acquisition announced in 2026, with previous targets including Sodot, Decent, DFlow, Entendre, and Dawn Labs. Its investors include Thrive Capital, Paradigm, Valhalla Ventures, Tiger Global Management, and Coatue.

According to Jinshi, the number of initial jobless claims in the United States for the week ending July 11 was 208,000, expected to be 217,000, and the previous value was revised from 215,000 to 216,000.

According to Etoday, the Financial Services Commission of South Korea has announced a draft amendment to the "Special Law on Preventing Telecom Financial Fraud and Returning Victim Funds," planning to include funds from phone scams that are transferred to crypto assets within the scope of victim compensation, and to clarify the standards for the return and valuation of crypto assets. The relevant regulations are expected to officially take effect on October 1.According to the new regulations, if the frozen assets are cryptocurrencies, victims will generally be compensated based on the type and quantity of assets; if the defrauded assets differ in form from the frozen assets, compensation will be made in the form of assets that existed at the time the account was frozen. In cases where cash and crypto assets are mixed, the regulatory authorities will value the crypto assets based on the market price at the time of freezing to determine the final compensation amount.The Financial Services Commission of South Korea stated that clarifying the form of returned assets and the timing of valuation will help achieve faster and fairer compensation in complex cases involving mixed funds from multiple victims. It is reported that the public consultation for the draft amendment will continue until August 24.

Changxin Technology announced that, according to data provided by the Shanghai Stock Exchange, the number of valid subscription accounts for this online issuance is 9,428,778, with a total of 816,920,125,000 shares subscribed. The preliminary winning rate for the online issuance is 0.40995452%. The total number of allocation numbers is 1,633,840,250, with a number range from 100,000,000,000 to 101,633,840,249. After the adjustment mechanism is activated, the final winning rate for the online issuance is 0.47141739%.

Global chip foundry giant TSMC announced its financial report for the second quarter of 2026. Benefiting from the strong demand for advanced process chips driven by global AI infrastructure development, TSMC's performance this quarter significantly exceeded market expectations. During the period, it achieved revenue of NT$1.27 trillion (approximately US$40.2 billion), a year-on-year increase of 36%; net profit reached NT$706.6 billion (approximately US$22 billion), a year-on-year surge of 77.4%, far exceeding the market's previous estimate of NT$623.7 billion. In addition, the company's gross margin for the quarter reached 67.7%, and the operating margin was 60.3%, both better than expected.In terms of process structure, advanced processes (7 nanometers and below) contributed a total of 77% to the total wafer revenue this quarter. Among them, the 3-nanometer and 5-nanometer processes accounted for 30% and 33%, respectively, while the 7-nanometer process accounted for 11%. Notably, TSMC's newly shipped 2-nanometer advanced process recorded revenue for the first time, accounting for 3%.Looking ahead, TSMC confirmed that its capital expenditure for 2026 will approach a record US$56 billion and plans to invest approximately US$26.5 billion in its advanced manufacturing park in Arizona, USA. TSMC CEO C.C. Wei stated that the current pace of capacity expansion still lags behind demand, and the situation of supply not meeting demand is expected to continue for several years. Meanwhile, despite TSMC's strong performance, the market remains somewhat cautious and concerned about whether the massive AI investments by tech giants can translate into actual returns and the medium- to long-term competitive landscape.

CoinGecko officially released the "Q2 2026 Cryptocurrency Industry Report." The report shows that the global cryptocurrency market has declined for the third consecutive quarter, with the total cryptocurrency market capitalization dropping 12.6% (approximately $304.8 billion) in Q2, falling to $2.1 trillion, the lowest level since September 2024. During this period, major assets Bitcoin and Ethereum fell 14.2% and 25.4% respectively, underperforming the US stock market, while Hyperliquid (HYPE) managed to break into the top ten by market capitalization against the trend.In terms of capital flow and trading platform performance, the total market capitalization of stablecoins decreased by 1.6% to $30.51 billion, marking the first contraction since Q3 2023, with USDT's market share slightly rising to 60%. The spot trading volume of centralized exchanges (CEX) plummeted by 27.9% to $1.95 trillion in Q2, with Binance maintaining its dominance at 38.7% market share; in contrast, perpetual contract (Perps) trading showed stronger resilience, only declining 10.0% to $12.7 trillion.Compared to the overall market's weakness, specific niche segments experienced explosive growth in Q2. Driven by major sporting events, the trading volume of prediction markets significantly increased by 48.7%, reaching $113.8 billion, with Kalshi expanding its lead over Polymarket with a 58.9% quarterly market share. Additionally, in the tokenized collectibles sector, Collector Crypt performed impressively, capturing 62.8% of the trading volume share in June, surpassing Courtyard to become the absolute leader in this field.

According to Magzter, the Indian Enforcement Directorate conducted searches at 19 locations from July 10 to 11 in a money laundering investigation involving online investment fraud and "work from home" scams, including 16 locations in Tamil Nadu, 2 in Kerala, and 1 in Srinagar.During the operation, approximately 335 million rupees in cryptocurrency, 145,000 rupees in cash were seized, and over 400,000 rupees in bank accounts were frozen, while documents, electronic devices, and bank records were confiscated.

According to a report by the Securities Times, Baidu Group announced that the company's board of directors has authorized the management to proceed with a voluntary conversion to a primary listing on the Main Board of the Hong Kong Stock Exchange, expected to take effect within this year. After the relevant procedures are completed, Baidu will achieve a dual primary listing in Hong Kong and Nasdaq. Once the dual primary listing takes effect, it will enhance the liquidity of the company's securities, expand the investor base, and provide greater flexibility for entering the two capital markets.

The domestic DRAM storage chip leader Changxin Technology (688825) has officially opened for new stock subscription. Due to the large issuance scale, this new stock offering has rarely seen a "sunshine market" trend. Institutions predict that the online winning rate will soar to 0.3% to 0.7% (with a neutral expectation of about 0.45%), reaching 10 to 20 times that of ordinary Sci-Tech Innovation Board new stocks. Calculations show that the probability of winning for a single account with an average market value of 200,000 in the Shanghai market is as high as about 18%, and theoretically, an average market value of 1 million can reliably secure 1 winning ticket.The issuance price of the stock is 8.66 yuan per share, and to secure one winning ticket (500 shares), a payment of 4,330 yuan is required. The official winning rate and results will be disclosed on July 17 and July 20 (Monday) respectively, and winners must ensure sufficient funds in their accounts by 16:00 on the 20th. Various institutions have given a neutral expectation, as Changxin Technology's market value is expected to reach 2 trillion to 3 trillion yuan after listing, with the profit margin for a single winning ticket expected to be around 20,000 yuan.If Changxin Technology fully exercises the green shoe mechanism, the total fundraising amount will reach 66.607 billion yuan, setting a new record for the largest IPO on the Sci-Tech Innovation Board, and it will also become the third largest IPO in A-share history. Financial data shows that the company has fully turned a profit, with expected operating revenue in the first half of 2026 reaching 110 billion to 120 billion yuan, and net profit attributable to the parent company reaching 50 billion to 57 billion yuan. The total amount of this strategic placement exceeds 14.4 billion yuan, successfully attracting social security funds, pension funds, as well as 30 major industry terminal giants such as Alibaba Cloud, Tencent, Meituan, and Xiaomi.