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The Hawkins County Commissioners in Tennessee, USA, passed a ban with 12 votes in favor and 0 votes against, prohibiting the establishment, construction, installation, expansion, and operation of cryptocurrency mining facilities and data centers in the county's unincorporated areas.The commission had previously passed a similar ban in September 2025 to prevent the digital asset company ExoticRidge from conducting mining operations locally, and in January confirmed its related authority through a resolution. ExoticRidge proposed a settlement with Hawkins County officials in January, allowing the company to build and operate facilities under noise restrictions. The proposed terms require that the A-weighted decibel noise at the property boundary must not exceed 80 decibels for more than 30 minutes within any 4-hour period.A law signed in Tennessee in April has stipulated that, starting July 1, the use and installation of cryptocurrency ATMs and kiosks will be illegal, with the restrictions aimed at incidents of residents transferring money to scammers using the devices.

According to The New York Times, the world's largest cryptocurrency exchange Binance quietly adjusted its law enforcement cooperation policy last April, requiring law enforcement agencies in various countries to forward relevant requests to foreign government agencies for processing, which must go through international treaty procedures, significantly extending the response time.Police representatives from five European countries reported at a law enforcement meeting in the Netherlands that, except for urgent cases involving child sexual abuse, terrorism, or threats to life, the vast majority of requests were forwarded to the UAE government, where Binance is registered, severely hindering investigations.Meanwhile, several senior employees from Binance's compliance team have left one after another, further intensifying external concerns. Binance denied slowing down cooperation, stating that this move aims to ensure compliance with data privacy regulations.

According to Jinshi reports, Gina Kim, the emerging markets equity portfolio manager at Nordea Asset Management in Singapore, stated that the current sell-off in the South Korean stock market seems to have irrational and panic-driven components, primarily focused on technology stocks related to artificial intelligence.Some of the sell-off behavior can be reasonably explained, such as reducing risk before the summer vacation, margin requirements, and recent news reports regarding the sustainability of capital expenditures in artificial intelligence. Due to single stock limits rather than fundamental reasons, the company has reduced some of its larger technology stock holdings.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $5.098 billion, with long positions totaling $2.508 billion, accounting for 49.19% of the holdings, and short positions totaling $2.590 billion, accounting for 50.81%. The profit and loss for long positions is -$133 million, while the profit and loss for short positions is $61.7549 million.Among them, the whale address 0xb83d..36 has shorted ETH with a 5x leverage at a price of $1869.41, currently showing an unrealized profit and loss of -$2.1327 million.

Co-founder of the crypto wallet Solflare, Vidor, posted on the X platform that operations have been halted due to the solvency issues of the card issuer partner Kulipa, and the Solflare Card has suspended services. Vidor emphasized the safety of user funds, as the Solflare Card uses an end-to-end self-custody model—funds are deducted directly from the user's wallet without the need for deposits or top-ups, and no user funds are held by the card issuer.The team had made efforts to help Kulipa find a buyer and explore continuity solutions, but to no avail. A new version of the Solflare Card is in development, which will include features such as Apple Pay and Google Pay, higher limits, and cashback, while still maintaining self-custody, and is expected to launch in a few weeks.

Ten European financial institutions have jointly launched Regulated Layer One (RL1). This network has been established and is operational in Luxembourg as a European cooperative, targeting regulated financial markets and tokenized assets. The founding members of RL1 include ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures, and Seturion. RL1 indicates that each member has equal decision-making power in network governance and development.This private permissioned network is based on the infrastructure developed by the German fintech company Secure Worldwide Interbank Asset Transfer (SWIAT), which has transferred ownership of the network to the cooperative. SWIAT states that the platform has processed over 50 transactions amounting to more than 700 million euros during its three years of production use. The intended uses of RL1 include digital currencies, tokenized bonds, collateral, and blockchain-based settlement. RL1 will be led by former SWIAT Managing Director Henning Vollbehr, and KfW and L-Bank will continue to support the initiative. RL1 is in discussions with more institutions, including NatWest, about joining the network.

Ethereum co-founder Vitalik Buterin published a new article introducing a novel cryptographic obfuscation technology called Diamond iO. This technology aims to address the extremely low efficiency of traditional indistinguishable obfuscation schemes, allowing programs to run while hiding internal logic and critical data. Although traditional iO technology possesses strong privacy protection capabilities, its operational costs are prohibitively high, making it nearly impractical. Diamond iO, by adopting more aggressive new cryptographic assumptions, enhances computational efficiency from "universe-level time consumption" to "planet-level time consumption," bringing it closer to practical application.Diamond iO is built on technologies such as Attribute-Based Encryption (ABE) and Fully Homomorphic Encryption (FHE). By encrypting programs, it allows users to execute the encrypted programs and obtain correct outputs without being able to view the internal code or hidden keys. This solution introduces a new input encoding mechanism and conditional decryption method, reducing computational complexity while ensuring the program logic remains hidden. Its core application scenarios include protecting programs that contain private keys, enabling secure software licensing, constructing trustless cryptographic services, and supporting blockchain and artificial intelligence systems with stronger privacy protection.However, Diamond iO is still in the early research stage, and its security relies on new cryptographic assumptions, including All-Product LWE and Evasive LWE, which require further research validation. At the same time, the technology still faces efficiency challenges such as high computational overhead and circuit depth limitations. Researchers believe that by optimizing underlying hash functions, improving homomorphic encryption schemes, and reducing security parameter requirements, Diamond iO is expected to become an important direction for advancing practical program obfuscation technology in the future.

HSBC released the "Affluent Investor Snapshot 2026" report, which shows that a survey of nearly 10,000 high-net-worth investors worldwide indicates that the average allocation to crypto assets in 2026 is 6%, a decrease of 1 percentage point year-on-year; however, 45% of respondents still plan to increase their allocation in the next 12 months, while 40% plan to maintain it.The allocation to crypto assets for investors in Singapore and Malaysia is 5% and 6%, respectively, both unchanged from the previous year; during the same period, global cash allocation has dropped to 19%, with funds continuing to shift towards stocks, gold, and alternative investments.

Singapore-based digital asset investment management company Psalion announced the completion of its third fundraise, totaling $50 million, making it the largest fund to date for the company. The fund is a variable capital company (VCC) registered in Singapore and is managed by Conduit Asset Management, which holds a license from the Monetary Authority of Singapore (MAS).The fund will focus on Pre-Seed to Seed stage projects, with an emphasis on infrastructure, middleware, trade finance, RWA, stablecoins, and DeFi sectors, particularly innovative projects that reshape asset ownership, transactions, and interactions in consumer applications of Web3. Psalion Managing Partner Tim Enneking stated, "Crypto was once the thesis, traditional finance was the antithesis, and what we are investing in now is the synthesis of both—Web2 businesses running on Web3 rails." The previous two funds were launched during market downturns, and the team believes that valuations during a downturn are more reasonable and entrepreneurs are more focused, making it the best window for positioning.

It has been reported that the mayoral candidate of Incheon, South Korea, is accused of falsely reporting assets, suspected of failing to declare the spouse's cryptocurrency assets.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.221 billion, with long positions totaling $2.576 billion, accounting for 49.33% of the holdings, and short positions totaling $2.646 billion, accounting for 50.67%. The profit and loss for long positions is -$138 million, while the profit and loss for short positions is $66.1468 million.Among them, the whale address 0xb83d..36 has shorted ETH with a 5x leverage at a price of $1869.41, currently showing an unrealized profit and loss of -$368,400.

According to The Defiant, the tokenization platform Securitize Corp. (NYSE: SECZ) subsidiary Securitize Capital LLC has registered as an investment advisor with the U.S. SEC, effective July 22. This subsidiary had previously operated in Florida as an exempt reporting advisor since March 2023, only able to serve venture capital funds or private funds managed in the U.S. with assets under $150 million; this registration removes that limit.Reports indicate that this license completes Securitize's compliance matrix surrounding tokenized securities, with its U.S. affiliates now covering registered investment advisors, registered broker-dealers and alternative trading systems, transfer agents, and fund management. The registration also occurred five days after SEC Commissioner Hester Peirce warned that on-chain treasury and lending strategies might touch upon investment advisor regulatory issues on July 22.U.S. stock market data shows that SECZ fell nearly 10% during trading on Monday, currently reported at $6.76 per share, with a total market capitalization of about $1 billion.

NVIDIA released the open-source AI model NVIDIA Ising Calibration 1.5, designed for the automatic analysis of quantum processor (QPU) diagnostic data, and to autonomously determine device calibration schemes, achieving automation of the quantum computer calibration process. NVIDIA stated that Ising Calibration 1.5 is a visual language model (VLM) specifically designed for quantum computing calibration scenarios, capable of understanding experimental data from quantum chips and performing "zero-shot" analysis in the absence of historical cases, while also enabling context learning (ICL) with relevant experimental samples to help continuously optimize the operational state of quantum devices.In the QCalEval quantum calibration benchmark test, Ising Calibration 1.5 averaged about 10% ahead of similarly sized open-source models in zero-shot inference capability, and when using relevant experimental cases for context learning, it showed an approximately 86.5% performance improvement over the previous generation model, surpassing multiple open-source models and approaching the level of top closed-source large models. The model has 31 billion parameters and supports operation on NVIDIA Grace Blackwell and Vera Rubin data center GPUs. It also launched an NVFP4 quantized version, which can be deployed on a single consumer-grade GPU or NVIDIA DGX Spark, significantly lowering the usage threshold for quantum laboratories.NVIDIA claims that the training data for Ising Calibration 1.5 comes from various qubit architectures, including superconducting qubits, quantum dots, ions, neutral atoms, and helium surface electrons, providing calibration capabilities for different types of quantum computing devices. Industry experts believe that automated calibration is one of the key bottlenecks in the scalable development of quantum computing. NVIDIA's launch of this AI-driven quantum calibration tool signifies that AI models are beginning to extend from traditional computing domains into the quantum hardware control layer, potentially becoming an important component of the future quantum computing industry infrastructure.

The decentralized AI infrastructure network DGrid AI announced an official partnership with Meituan LongCat and has launched the LongCat-2.0 model under Meituan. Global developers and AI Agent builders can now access this model through the DGrid decentralized AI Gateway, providing low-cost and highly available access.LongCat-2.0 is designed for Agentic Coding in real-world scenarios, featuring a 1.6T parameter architecture with approximately 48B activations, supporting efficient long-context reasoning of 1 million tokens, and enhancing the processing speed of long text workflows through LongCat Sparse Attention. The model integrates agent, reasoning, and interaction capabilities, excelling in code understanding, generation, and execution.DGrid is a decentralized AI infrastructure that aggregates mainstream AI models globally, currently integrating over 200 models including Claude, GPT, Gemini, MiniMax, and GLM, enabling one-stop access through a unified API. The integration of LongCat-2.0 marks another expansion of DGrid on the model supply side. As more high-quality models continue to be launched, DGrid is becoming a unified entry point for AI developers to access diverse model capabilities, providing more open and flexible infrastructure support for the next generation of intelligent applications.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.474 billion, with long positions of $2.676 billion, accounting for 48.89% of the holdings, and short positions of $2.798 billion, accounting for 51.11%. The profit and loss for long positions is -$32.441 million, and for short positions, it is -$47.2785 million.Among them, the whale address 0xb83d..36 has shorted ETH with a 5x leverage at a price of $1860.26, currently showing an unrealized profit and loss of -$5.2169 million.

According to Cointelegraph, Russia's largest bank, Sberbank, plans to establish cryptocurrency trading infrastructure by December 1 at the latest, which includes a digital repository.Previously, Russia was incorporating cryptocurrency trading, custody, and settlement into its regulated financial system. The digital repository will record the ownership of cryptocurrencies and handle most transactions outside the main blockchain. Sberbank will operate active wallets for customers to make deposits, withdrawals, and transfers.

Crypto KOL Phyrex posted on platform X, stating, "BitMart and BitMex did not close due to a collapse; it is very different from the sacrifice of FTX. These two primarily faced business issues."According to him, in 2023, BitMart had approached his associates about an acquisition, and they had done a lot of data analysis at the time, but it ultimately came to nothing. In fact, part of the decline of many third-tier exchanges is due to the impact from Binance Alpha.Small exchanges are essentially the stronghold of various altcoins, pump coins, Ponzi coins, and community coins, but the emergence of Alpha has provided better sources for these coins, which has also led to a significant reduction in listing fees for third-tier exchanges and a decrease in profits from joint market-making.Another reason is the signal teachers. In fact, the total number of signal teachers is not very large, but they have waves of associates. These teachers generally move between various exchanges, and once a new exchange offers better profits, these teachers quickly lead their followers to switch. The recent well-known cases of exchanges running away generally follow this pattern.

BitMart's global CEO Nenter Chow posted on the X platform stating that he was informed on July 24 that his position as global CEO would be terminated and that he would immediately enter the resignation process.Nenter Chow stated that since July 24, he has not participated in BitMart's management and decision-making, nor has he been involved in discussions or decisions regarding the cessation of the trading platform's operations. He indicated that he only learned of this decision after the official announcement from BitMart was made public.Nenter Chow expressed that his primary concern at the moment is the safety of BitMart users' assets and the placement of employees, and he reminded users to only refer to BitMart's official channels for handling account-related matters.

According to the official announcement, BitMart has announced that after assessing its operational status, market environment, and future strategic direction, the platform has decided to orderly cease trading operations. Starting from July 26 at 01:30 (UTC), BitMart will gradually stop new user registrations and cryptocurrency, fiat currency deposits. The contract accounts will enter a mode of only reducing positions, spot trading will stop accepting new orders, and automated services such as copy trading, grid trading, and API trading will also gradually shut down.Starting from August 26 at 01:00 (UTC), BitMart will stop all spot, contract, and other trading services. Any contract positions that have not been closed by then may be processed according to the marked price, index price, or applicable settlement rules. Financial management, staking, lending, and Launchpad products will be terminated in phases, with specific redemption and settlement arrangements to be notified separately.The platform plans to officially cease trading platform operations on January 31, 2027, at 15:59 (UTC). After the shutdown, users will still be able to log into their accounts, view their history, and submit withdrawal requests within a specified period. BitMart advises users to complete identity verification and close all positions before August 26 at 01:00, and to submit withdrawal requests before 05:00 on the same day.Withdrawal services are still available, but some requests may be subject to manual review due to KYC, device and account security, source of funds, withdrawal address, Travel Rule, sanctions screening, and other requirements. BitMart reminds users to download and save their account balances, deposit and withdrawal records, and transaction history in advance, while also being vigilant against scams impersonating platform personnel who charge "expedited fees," "unfreezing fees," or request passwords, verification codes, private keys, and mnemonic phrases.