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Fox Business crypto reporter posted on the X platform that former NCUA Chairman Rodney Hood stated last week that credit unions play an important role in the modernization of the financial system. A few days later, Americas CUs and the credit union leagues from all 50 states supported the majority of the Clarity Act, but echoed the banking industry's concerns about the stablecoin revenue provisions of the bill, urging senators to strengthen the language.These groups believe that the current Tillis-Alsobrooks compromise still may allow for a "functionally passive" reward structure, which could lead to deposits flowing out of local credit unions.

Connor Fitzgerald, the head of partnerships at payment company Stripe, tweeted that he has stepped down this week.During his tenure, Connor Fitzgerald facilitated partnerships between Stripe and companies like Visa, supporting wallet/fintech companies in issuing Visa cards backed by stablecoins.

Bitget appeared as a sponsor at the WikiFX exhibition. Bitget CFD Chief Analyst Lewis Huang delivered a speech titled "One Account, Invest Globally: The Cross-Asset Trading Revolution in the UEX Era," pointing out the core pain points faced by active traders today: "Opportunities are global, but capital is fragmented."In response to this situation, Bitget proposed the concept of the panoramic exchange UEX. Lewis Huang stated that what traders need is not more apps, but a highly integrated trading ecosystem. Relying on the Bitget UEX architecture and cross-asset margin mechanism, users only need one account, one KYC verification, and a unified capital pool to configure diverse assets such as cryptocurrencies, U.S. stocks, foreign exchange, precious metals, and global indices. This helps traders quickly seize opportunities when macro trends arise, achieving a global, cross-asset one-stop layout.

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 market news, the U.S. Congress is engaged in bipartisan discussions on ethical issues. Negotiators are also discussing DeFi provisions, but ethical issues remain the main obstacle.When asked about the ethical proposal, Sen Lummis's spokesperson stated that the dialogue with the White House last week "went smoothly," and the ethical text to be released in the coming days will reflect this productive conversation.

According to an industry insider, President Trump has agreed to include ethical provisions in a broader cryptocurrency bill.Another source stated that the text of the bill could be released as early as Monday evening, but it is likely to be delayed until a later time, adding that the longer the wait, the more likely the bill is to gain bipartisan support.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Dota 2: BetBoom Team vs PARIVISION - Esports World Cup Playoffs," the "Over" option in the sub-market "O/U 3.5 matches" has experienced a dramatic fluctuation in win rate, soaring from 73% an hour ago to the current 94.5% (a fluctuation of 21.5%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "Dota 2: Team Yandex vs PARIVISION - Esports World Cup Playoffs," the option "Team Yandex" in the sub-market "Game 2 Winner" has experienced significant fluctuations in winning probability, soaring from 53.5% an hour ago to the current 73.5% (a fluctuation of 20%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the market prediction event on Polymarket for "Dota 2: PARIVISION vs Rune Eaters - Esports World Cup Playoffs," the "Yes" option in the sub-market "Ends During the Day" has experienced significant fluctuations in win probability, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the market prediction event "Dota 2 PARIVISION vs Team Spirit" on Polymarket, the "Yes" option win rate for the sub-market "Both Teams Defeat Roshan" has experienced a dramatic fluctuation, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Counter-Strike: 9z vs PARIVISION - XSE Professional League Playoffs," the "PARIVISION" option in the sub-market "Map 1 Round Handicap: PARIVISION (-3.5) vs 9z (+3.5)" has experienced a drastic fluctuation in winning probability, dropping from 49% an hour ago to the current 24% (a fluctuation of 25%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the predicted market event "Counter-Strike: PARIVISION vs FaZe - XSE Professional League Playoffs" on Polymarket, the "PARIVISION" option in the sub-market "Map 2 Winner" has experienced significant fluctuations in win probability, soaring from 56% an hour ago to the current 97.5% (a fluctuation of 41.5%). Please note the impact of relevant breaking news.

According to The Block, U.S. Democratic Senator Ron Wyden has written to the bipartisan leaders of the Senate, urging them to retain Section 604 of the Clarity Act, the Blockchain Regulatory Certainty Act. This provision provides a safe harbor for non-custodial developers, clarifying that they do not fall under the category of money transmitters, and it has received widespread support from the crypto industry, which believes it offers legal certainty for software developers and prevents the outflow of innovation.However, law enforcement agencies and Catholic leaders warn that this provision could weaken regulatory capabilities in combating human trafficking and hinder investigations. Wyden countered in his letter that the provision aligns the policies of the DOJ and FinCEN, ensuring that resources are focused on illegal money transmission activities, and stipulates that non-custodial developers are not protected if they are found to be transferring or using funds from illegal activities. This controversy is one of the main unresolved issues in advancing the Clarity Act, with another being the ethics provision. The time window before the Senate recess in August is narrowing.

Blockchain company Saga announced the establishment of Saga AI Labs, focusing on developing AI consumer platforms and autonomous digital characters, and announced the sale of its cryptocurrency business, transferring the blockchain network operation management rights to Alapin Holdings, a subsidiary of dao5.Saga AI Labs has launched AI character projects in collaboration with several gaming partners and plans to extend its business into consumer brands, sports, and other fields in the future.

Franklin Templeton announced that it has completed the acquisition of the cryptocurrency asset management company 250 Digital. The deal includes its entire team and all liquidity cryptocurrency strategies previously managed by CoinFund. Franklin Templeton will also invest in related products.The company has simultaneously established a dedicated active digital asset management department, Franklin Crypto, led by Christopher Perkins as the head, with Seth Ginns serving as the Chief Investment Officer, and jointly led with Tony Pecore, a member of the Franklin Templeton Digital Assets investment team. Franklin Crypto will provide actively managed cryptocurrency investment strategies to institutional investors based on Franklin Templeton's existing digital asset research and risk management framework.

According to a report by Business Insider, Anthropic CEO Dario Amodei recently discussed the competitive relationship with OpenAI and its CEO Sam Altman in an exclusive interview. Amodei stated that he feels "calm" about the current competitive landscape between the two companies and candidly pointed out that their visions differ and there is a lack of trust. He said, "When you don't have a common vision and don't trust each other, arguing is meaningless," and emphasized that both sides should pursue their own paths, ultimately leaving the market and public opinion to judge the outcome.In addition, Amodei proposed that the AI industry needs "trustworthy participants" to jointly establish standards, thereby forcing other untrustworthy peers to comply with regulations. He specifically mentioned that he has known Google DeepMind CEO Demis Hassabis for 15 years, and the two have maintained close cooperation and trust in computing power procurement and safety concepts, thereby refuting the widespread rumor of "mutual distrust" in the AI field.

According to Fortune, PayPal is shutting down its 10-year-old corporate venture capital arm, PayPal Ventures. It is reported that PayPal plans to sell some of its investment positions in the secondary market and has hired investment bank Jefferies to assist with potential transactions. Since its establishment in 2016, PayPal Ventures has invested in over 80 startups, including Plaid and Anchorage Digital, through three funds totaling more than $850 million.The reduction of the venture capital department comes after the new CEO Enrique Lores took over the company. To cope with fierce competition in the payment market and the previous decline in stock prices, PayPal is currently advancing a comprehensive organizational restructuring, planning to cut 20% of its workforce over the next two to three years to save at least $1.5 billion in costs, and refocusing its strategic emphasis on core foundational business and the application of AI technology.

According to The Block, leaders of the U.S. Senate and House of Representatives jointly released an updated version of the "21st Century Housing Road Act," confirming that the two chambers have reached a bipartisan agreement. The core content of the bill focuses on housing affordability reform, including expanding housing supply and limiting market monopolies by corporate landlords. Notably, an additional clause in the bill explicitly prohibits the Federal Reserve from issuing or creating CBDCs and any "substantially similar" digital assets before December 31, 2030, a clause driven by House Republicans. The Trump administration has consistently held this position, with Treasury Secretary Mnuchin previously stating that CBDCs are "not under consideration." The bill will first undergo procedural voting in the Senate and is expected to be submitted to the House for review after Congress reconvenes, and then sent to the President for signing.