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Zhao Changpeng: If Hyperliquid enters the United States or opens up market space for more decentralized products, it will be a significant boost for the entire cryptocurrency industry

At the 2026 Wyoming Blockchain Conference, Zhao Changpeng stated that Trump mentioned Hyperliquid and that Mike Selig, the chairman of the Commodity Futures Trading Commission (CFTC), will seek a path for the platform to enter the U.S. market.Zhao Changpeng believes that if this progress can be realized, it will be a significant boon for the entire cryptocurrency industry. Zhao stated that the outside world tends to view him as a supporter of centralized trading platforms due to his holdings in Binance, but the fundamental reason he entered the cryptocurrency industry is his belief in decentralization.He pointed out that some users choose Hyperliquid because the platform can be used through wallets without the need for traditional accounts and KYC processes; if Hyperliquid can operate in the U.S. in a compliant manner, it will open up space for perpetual contracts and more decentralized services to enter the U.S. market.He believes this is not only related to Hyperliquid itself. "Hyperliquid is just the tip of the iceberg; once this tip enters, other projects can follow suit." Related developments will benefit more decentralized products and their portfolio companies, and will also bring more liquidity to international centralized trading platforms, allowing U.S. users to obtain more competitive prices when buying and selling crypto assets.Zhao Changpeng stated that the current cryptocurrency market is far from saturated, so competition between platforms is not the main issue. Hyperliquid's entry into the U.S. will not only benefit itself but will also expand the market size of the entire industry, "what is beneficial for them will also be beneficial for us."

first_img The U.S. Treasury Department has included Iran's digital asset industry in the sanctions scope

The U.S. Treasury Department announced this week that it will include Iran's digital asset industry in the same sanctions framework it has long used to sanction the oil, banking, and financial sectors, further tightening Iran's ability to evade sanctions through cryptocurrency. This action is part of "Operation Economic Outcast," referred to as "Economic D-Day" against Iran, and represents a significant escalation of global risks for cryptocurrency enterprises.According to the new action, the U.S. Treasury's Office of Foreign Assets Control (OFAC) has the authority to impose sanctions on individuals anywhere. OFAC stated that Iran is increasingly using cryptocurrency as a preferred tool to evade sanctions, supporting transactions related to the Islamic Revolutionary Guard Corps and insiders of the Iranian regime. Foreign exchanges, over-the-counter desks, payment processors, and infrastructure providers that knowingly support transactions in Iran's digital asset industry will face the risk of being added to the sanctions list and losing access to the U.S. financial system.OFAC also sanctioned members of a group within Iran's Ministry of Intelligence and Security (MOIS) accused of representing Iran in attacks on critical U.S. infrastructure and published their wallet addresses. The group's co-leader Behzad Mesri and members Keyvan Fayyaz Ghareh Blagh and Arman Kahzadian's Bitcoin and other cryptocurrency addresses have been added to the sanctions list. Previously, Bloomberg reported that Iran had launched Bitcoin-backed insurance services for shipping companies, and the U.S. also froze cryptocurrency assets related to the Iranian regime in July, most of which were Tether stablecoins.

first_img The end of the MiCA transition period poses a survival crisis for the Polish cryptocurrency industry

Morphic Financial Group founder and CEO Mateusz Kara wrote in CoinDesk that the MiCA transition period ended on July 1, and the Polish Ministry of Finance confirmed that existing virtual currency registrations no longer constitute a legal basis for VASP or CASP operations. Crypto services can only be provided by entities holding valid MiCA authorization. Poland previously had about 2,000 registered virtual asset service providers, but a domestic political deadlock prevented the establishment of a viable authorization pathway. Germany issued 57 licenses, France and the Netherlands each issued 26, while Greece, Hungary, Poland, and Romania collectively issued zero.Kara stated that Polish investors hold about 9.4 billion euros in digital assets, and the relocation of businesses will lead to the loss of compliance teams, capital, and investments, with rebuilding the ecosystem potentially taking years. The compliance costs for MiCA can reach up to 700,000 euros, and serious violations could face fines of several million euros, narrowing the space for small participants. However, he believes that MiCA will be beneficial for the European crypto industry in the long term, as accelerated consolidation will eliminate weak operators and create a safer market. The UK's FCA is also launching a similar system, but Poland may become a sales market for others rather than an active participant in European digital finance construction.

first_img 20VC Partner: AI Token is reenacting the century-long history of the aluminum industry, and intelligent agents may open up a "limitless market."

20VC partner P_Bonnet published an article comparing the history of the aluminum industry to AI, exploring a scenario of "if everything goes well." Most supply shortages will turn into surpluses within 3-5 years and destroy value, but the aluminum industry has seen a price drop of over 99.9% and a market expansion of over 1000 times over more than a century, as each price reduction unlocks new uses rather than collapsing within the same market.AI Tokens are moving up the same cost ladder at nearly 10 times the speed, with the key point being that humans are no longer a constraint. Conversational AI is limited by human reading speed and user scale, while reasoning and agents can make consumers no longer human. Agentic AI may completely remove human limits, leaving only the rapidly improving costs and utilities. The aluminum industry also relied on technological breakthroughs to transform a cheap metal into a structural material.At the infrastructure level, Alcoa monopolized for decades through processes, its own ore, and electricity; Nvidia has accumulated processes like CUDA, with production capacity resembling leasing, and lacks its own power, as major clients have directly locked in nuclear power and are developing their own chips. Ultimately, value will shift to those who discover new uses that could not exist at old prices; price collapse, technological effectiveness, and capital migration are not opposites but the same outcome.

first_img Stanford professor releases venture capital firm rankings: 5% of VCs generate 90% of industry profits, 21 new firms enter the top 100

Stanford Business School Professor Ilya Strebulaev, in collaboration with Blake Jackson, released the 2026 Strebulaev-Jackson Venture Capital Firm Rankings, based on nearly 30 years of data from over 230,000 investments and nearly 13,000 VCs. The research estimates that about 5% of VCs generate approximately 90% of the industry's profits. The top five are Sequoia Capital (10,158 points), Andreessen Horowitz (8,292 points), Accel, DST Global, and Tiger Global. Among them, Parkway Venture Capital (19th place) and Notable (20th place) made it into the top 20, but are not well-known leading brands.The rankings are based on six major factors: discount valuation, dilution adjustment, net profit (after costs), value added (lead investments and board seats), human capital decay (three-and-a-half-year half-life), and credit allocation between institutions and individuals (25% for the investing institution and 75% for the current institution). Of the top 100, 62 are located in California, 19 in New York, and 6 each in Massachusetts and Texas. 21 were established in 2015 or later, and 23 of the best investments are in frontier AI or AI infrastructure companies, with OpenAI listed as the best investment by 4 firms, xAI by 3, and Anthropic and Perplexity by 2 each. The ranking methodology has a correlation of only about 0.27 with the Midas List, with SV Angel investing in about 139 unicorns ranked 31st, and Thrive with only 47 unicorns ranked 8th. This ranking is the result of research by Stanford professors and does not constitute investment advice.

hot_img Ministry of Finance: This year's budget for fiscal expenditure exceeds 30 trillion yuan for the first time

The State Council Information Office held a series of themed press conferences titled "Starting Off the 14th Five-Year Plan." Officials from the Ministry of Finance introduced the role of this year's proactive fiscal policy and outlined the key focus areas for policy efforts in the second half of the year.Vice Minister of Finance Liao Min stated that since the beginning of this year, the Ministry of Finance has firmly implemented a more proactive fiscal policy:This year's fiscal expenditure budget arrangement has exceeded 30 trillion yuan for the first time.The scale of new government bonds has reached 11.89 trillion yuan, the largest in history.Central government transfers to local governments have exceeded 10 trillion yuan for the fourth consecutive year, reaching 10.42 trillion yuan.In the second half of the year, fiscal policy will continue to focus on three areas for effective results: accelerating the use of funds, increasing efforts to expand domestic demand, and strengthening fiscal reform management.Regarding incremental policies, in the second half of the year, based on the macroeconomic operation situation, the Ministry of Finance will timely plan and introduce practical and effective incremental policies to provide strong support for achieving a qualitative improvement and reasonable growth in the economy.

Industry leaders warn that AI agents could reduce billion-dollar cryptocurrency hacks to "spare change."

At the 2026 Wyoming Blockchain Conference, Global Settlement Network CEO Ryan Kirkley warned that AI agents could allow hackers to invade Wi-Fi networks, passwords, and wallets on an unprecedented scale, making current billion-dollar crypto attacks seem trivial. Kirkley stated, "We thought these bridge attacks were serious, but they are actually just pocket change." In the past, attacking someone with $20,000 in assets was too costly, but now an agent can attack everyone simultaneously.Bill Laboon, Vice President of Technical Operations at the Web3 Foundation, agreed, believing that the efficiency gains brought by decentralized systems also benefit attackers. Fahmi Syed, President of the Midnight Foundation, emphasized that agents need clear parameter settings and should not be granted unrestricted access to credit card, social security information, and various accounts. Kirkley believes that setting agent permissions is relatively easy to resolve, while the security protection of the underlying systems is a greater concern.Regarding trust issues, Laboon pointed out that large language models still occasionally produce hallucinations, which makes him reluctant to entrust personal retirement funds to agents. Richard Shorten, founder of Silvermine Capital Advisors, believes that the development speed of agent AI technology has exceeded people's capacity to accept it. Kirkley also mentioned the regulatory responsibility dilemma, where the attribution of responsibility and the mechanism for recovering funds remain unclear when autonomous agents make mistakes or even break the law.
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