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Cryptocurrency payment company BitPay announced that it has obtained approval from the Dutch Authority for the Financial Markets and has acquired a cryptocurrency asset service provider license, allowing it to operate in EU member states under the framework of cryptocurrency asset market regulations. BitPay stated that this license will support the company's expansion of cryptocurrency payment and stablecoin payment services in Europe.According to relevant requirements, starting from July 1, all entities providing cryptocurrency-related services must be regulated. BitPay's European head Jonathan Arler stated that Europe is one of the most important regions for the future development of payments. Previously, Ripple announced that it had obtained a cryptocurrency asset service provider license issued by the Luxembourg financial regulator.

According to Jinshi reports, Federal Reserve's Logan stated that the labor market is well balanced and even slightly strengthened.

The tokenization platform Tradable plans to bring up to $1 billion in private credit assets to the Stellar blockchain to expand institutional access to tokenized RWA. The initiative is expected to launch with $500 million in nominal value assets and will gradually increase to $1 billion over time. Tradable will utilize the Stellar network to support institutional functions such as compliance, investor onboarding, and asset lifecycle management, with the specific launch date yet to be disclosed.Tradable stated that it has tokenized $1.7 billion in private credit assets across nearly 30 institutional-grade private credit positions. Denelle Dixon, CEO of the Stellar Development Foundation, noted that the initiative reflects growing institutional interest in using the Stellar network for tokenized RWA. Stellar has recently continued to focus on tokenized RWA and has attracted institutional partners such as the Depository Trust & Clearing Corporation.

The FATF released a report stating that criminals are increasingly using stablecoins for illegal financial activities, calling on countries to accelerate the implementation of cryptocurrency anti-money laundering standards.

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.

Ethereum Foundation (EF) researcher Francesco D'Amato (fradamt) announced his departure from EF to join the newly established protocol development organization Ethlabs. D'Amato worked at EF for 5 years and was involved in several core research areas including MEV, consensus mechanisms, data availability sampling (DAS), and execution layer pricing.

The latest research from the Cambridge Centre for Alternative Finance shows that approximately 31% of Ethereum node activity is located in the United States, with about 39% distributed in the EU region excluding the UK, indicating that the geographical distribution of Ethereum nodes is still relatively concentrated in Western countries. The research leader, Alexander Neumuller, stated that the current node distribution is not concentrated in a single country but primarily relies on a few cloud service providers, including Hetzner, Amazon AWS, and OVH.It is noteworthy that the Ethereum network does not require half of the validators to fail for issues to arise; when more than one-third of validators go offline simultaneously, the network may be unable to complete the finalization of block checkpoints. Neumuller pointed out that nodes and validators do not have a one-to-one correspondence; a single node may run multiple validators, making it currently impossible to accurately assess the actual impact of a specific node or service provider failure on the validation network. Additionally, the research reassessed the energy consumption situation after Ethereum's Merge. The data shows that Ethereum's current annual energy consumption is approximately 7.9 GWh, equivalent to about 1 megawatt of continuous power, which is only about 0.02% of the pre-Merge level, with energy consumption decreasing by approximately 99.98%. Currently, the proportion of sustainable energy used by the Ethereum network exceeds 56%, higher than the global average. The research also pointed out that the concentration of client software is another potential risk; if a dominant client has a vulnerability, it could affect a large number of network participants. The report was published by the Cambridge Centre for Alternative Finance, with support from the Ethereum Foundation.

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.

According to monitoring by Lookonchain, Abraxas Capital withdrew 8,452 ETH from Binance and Bybit in the past 5 hours, worth approximately 16 million dollars.

According to The Block, a study commissioned by 1inch and conducted by Dune found that approximately 85% of concentrated liquidity in decentralized exchanges such as Uniswap v3, Uniswap v4, PancakeSwap v3, and Aerodrome Slipstream is not being effectively utilized. The research analyzed the performance of nearly 200 active liquidity pools across 7 chains in 26 weekly snapshots, tracking an average liquidity of about $1.84 billion per week, of which approximately $1.6 billion is in an inefficient state.Specifically, on the Uniswap v3 platform, among the liquidity that has deviated from the market-making price range, 44.5% has not been adjusted for more than 90 days, making it the platform with the highest proportion in this study; in contrast, Aerodrome has a ratio of about 20%, with 58% of idle funds having been adjusted within the last 30 days.Additionally, only about 35% of idle funds are located within 5% of the market price, approximately 43% deviate from the market price by more than 25%, and another 17% deviate by more than 100%. In terms of fund size, positions exceeding $1 million hold about 47% of the idle funds, amounting to approximately $260 million.

Researcher Adam from Greeks.live stated that the trading of large Bitcoin call options has significantly increased, with a total of 25,766 BTC call options traded, with a nominal value of approximately $1.65 billion. Among them, nearly 10,000 sets of the 70,000/72,000 USD call bull spread expiring at the end of this month have been traded, making it the most active contract.Adam noted that with about two weeks left until expiration at the end of this month, the large-scale purchases of out-of-the-money call options that are about 10% higher than the current price reflect the market's optimistic expectations for the market trend in late this month; however, the trading strategy of using the lower-cost bull spread also indicates that the funds are primarily taking a tentative approach rather than making aggressive bets.

According to monitoring by Catcher Predict, in the event "MLB Highest ABS Challenge Success Rate (Team)" on the prediction market Polymarket, the "Yes" option win rate for the sub-market "Detroit Tigers" has experienced a sharp fluctuation, soaring from 3.15% an hour ago to the current 22.05% (a fluctuation of 18.9%). Please note the impact of related breaking news.

The international authoritative consulting agency IDC released the "2025 China AI Programming Market Share Report." The report shows that the scale of China's AI programming market will reach 399 million yuan in 2025, and it is expected to grow rapidly to 1.173 billion yuan by the end of 2026.In terms of market competition, Alibaba ranks first with a market share of 47.6% thanks to its core AI programming product Qoder, a figure that exceeds the combined market shares of the second to fifth ranked companies.IDC analysts pointed out that AI Coding is evolving from a mere "code generation tool" into a "software productivity platform" that covers the entire software lifecycle. Currently, Alibaba's Qoder product line has served hundreds of thousands of enterprises including China FAW, CITIC Securities, and AsiaInfo Technologies, with over 5 million users globally.

Gate officially released the June 2026 Wealth Management Monthly Report, providing a comprehensive review of the June cryptocurrency market trends and the performance of platform wealth management products. The report shows that the cryptocurrency market continued its downward trend in June, with both BTC and ETH recording a monthly decline of about 20%. Market funds leaned more towards caution and risk aversion; the total market capitalization of the cryptocurrency market dropped from approximately $2.30 trillion to $2.17 trillion. Continuous outflows of institutional ETF funds weakened the marginal buying pressure on BTC and became one of the important factors for its breach of key support and the weakening of market sentiment, with overall risk appetite significantly cooling compared to the previous period.In terms of product performance, the overall scale of Yubi Treasure remained stable in June, fluctuating narrowly in the range of 1.5 to 1.6 billion USDT; the total issuance of GUSD decreased from about 191.9 million at the beginning of the month to about 182.3 million at the end of the month, with the annualized yield maintaining at 2.8% to 3.0%, reflecting strong stability. Among advanced products, the Gate dual-currency investment low-buy strategy with a 0-day term achieved an APY of 295%, significantly higher than the market average of 166%; the Gate quantitative fund continued to exhibit stable returns and low drawdown characteristics, with the "Interstellar Hedge (USDT)" cumulative return leading at 18.7%. With the acceleration of stock allocations following the listing of Korean stocks, by the end of June, Korean stocks accounted for about 75% of the overall holdings, with the top ten holdings focusing on global semiconductor and technology growth assets, with SK Hynix ranking first. The report suggests that in a volatile market, stable returns, quantitative strategies, and diversified asset allocation remain important directions for wealth management. Gate will continue to provide users with multi-layered asset allocation and yield enhancement tools to help investors seize structural opportunities and improve asset management efficiency in a volatile market.

The global stablecoin payment infrastructure platform WasabiCard, in collaboration with WIDTH, held the CCO Leadership Edition compliance high-end exchange event in Hong Kong. WasabiCard CMO Jack Derong gathered with executives and experts from the fields of digital assets, payments, fintech, and regulatory compliance in Hong Kong to engage in in-depth discussions on topics such as the evolution of global regulations, the development of stablecoin payments, and corporate compliance practices.As Hong Kong's Web3 ecosystem continues to develop and the digital asset regulatory framework becomes increasingly refined, stablecoin payments are ushering in new development opportunities. With the continuous improvement of compliance requirements surrounding the HKMA stablecoin licensing system, Travel Rule, AML, KYT, and others, companies are increasingly focused on how to build payment infrastructure that combines global payment capabilities, risk management capabilities, and compliance capabilities to achieve the scalable implementation of stablecoin payments.WasabiCard believes that the future competition in stablecoin payments will hinge on whether companies possess the infrastructure capabilities to cover global compliance, risk management, and cross-border payment networks, rather than just payment efficiency.In the future, WasabiCard will continue to enhance global payment infrastructure based on the highest standards of compliance systems and risk management capabilities, helping clients confidently respond to the evolving global regulatory requirements and expand their international business more securely.

On July 16, according to WEEX TradFi market data, the overall Chinese concept technology sector has warmed up, with market funds refocusing on the valuation repair of leading e-commerce, content, and search companies. Among them, BABAON rose over 6.62% in 24 hours; BILION rose over 4.01%; JDON rose over 3.71%, with multiple Chinese concept tech stocks jointly driving the sector's enthusiasm.WEEX Labs believes that Alibaba's latest release of a real-time voice model further enhances market expectations for AI business development. Coupled with improved profit expectations before the earnings report and capital rotation, this has jointly driven the sector's rebound, with this round of market activity leaning towards the repricing of undervalued tech stocks. In the short term, attention still needs to be paid to performance realization, policy signals, and changes in the risk appetite of the US stock market.

According to monitoring by Catcher Predict, in the market prediction event "PGA Tour: British Open Champion" on Polymarket, the "Yes" option for the sub-market "Louis Oosthuizen" experienced a dramatic fluctuation in winning probability, soaring from 0.05% an hour ago to the current 29.6% (a fluctuation of 29.55%). Please note the impact of relevant breaking news.

Bitget has launched 16 US stock tokens including rXBI (SPDR S&P Biotech ETF), rDIA (SPDR Dow Jones Industrial Average ETF Trust), rKSTR (Shanghai Stock Exchange STAR 50 Index ETF), rJBL (Jabil Technology), rKR (Kroger), covering fields such as finance, healthcare, information technology, and industry.It is reported that the rToken, identified by the letter r + stock code (for example, Nvidia is rNVDA), is issued by Reality, a licensed RWA protocol under Bitget, and connects directly to global liquidity pools such as Nasdaq and NYSE through collaboration with the compliant broker Alpaca. Its features include: 1:1 reserves of underlying assets held by a licensed custodian, stock dividends distributed in token form at a 1:1 ratio, support for corporate actions (such as stock splits and consolidations) mapped in real-time, and positions can serve as unified accounts and joint margin for U-based contracts, allowing users to flexibly manage funds while holding global stock assets.

The Governor of the Bank of Tanzania, Emmanuel Tutuba, stated that the bank is completing the formulation of regulatory laws and regulations for digital assets, covering virtual assets, cryptocurrencies, and stablecoins, to enhance regulation and supervision.Emmanuel Tutuba mentioned that many young people are investing in related fields, and the central bank has received complaints from individuals who have incurred losses in cryptocurrency-related transactions. The relevant rules will be used to protect Tanzanian investors. He stated that the new regulations will also address the risks of money laundering, terrorist financing, and other illegal activities related to virtual assets, ensuring that entities involved in related activities operate according to the guidelines that will be released soon.

According to BBX data, the integration of traditional financial infrastructure and cryptocurrency settlement layers accelerated simultaneously in two distinctly different tracks yesterday, with the following core dynamics:PayPal Holdings, Inc. (NASDAQ: $PYPL) reported by CoinDesk today as the headline news, the world's largest independent payment technology company Stripe (privately held) has teamed up with private equity firm Advent International to propose an acquisition offer of approximately $53 billion to PayPal; PayPal is currently reluctant to engage actively, but the offer has sparked widespread discussion on Wall Street about the "largest payment merger in the world." Stripe acquired the stablecoin infrastructure company Bridge.xyz for $1.1 billion in 2024 (which has served cross-border stablecoin settlements for institutions such as Visa and Coinbase), while PayPal has its own stablecoin PYUSD (with a circulation size of about $700 million) and independent cryptocurrency trading capabilities, covering over 400 million active accounts. If the acquisition is completed, the combination of Stripe + PayPal will control the largest single payment network globally, while integrating Stripe's stablecoin settlement (Bridge.xyz) with PayPal's native stablecoin (PYUSD)------the combination will create the largest-scale "traditional payment + stablecoin" dual-track infrastructure to date, directly threatening Visa and Mastercard's positions in cross-border settlement scenarios and posing competitive pressure on Circle's USDC in retail payments.HSBC Holdings plc (NYSE: $HSBC) reported by CoinDesk today, the UK government plans to issue the world's first digital sovereign bond for G7 countries, with the issuance scheduled for early 2027; this bond will be issued and circulated on HSBC's blockchain bond platform Orion, operating within the Digital Securities Sandbox framework of the Bank of England (BoE) and the Financial Conduct Authority (FCA), aimed at testing the feasibility of reducing settlement time (transitioning from T+2 to T+0) and lowering back-office costs. HSBC Orion has completed multiple batches of tokenized gold, green bonds, and Hong Kong government bonds on-chain issuance from 2023 to 2025, and this UK sovereign bond is the first instance of G7 countries introducing blockchain settlement at the sovereign debt issuance level------this milestone will elevate the compliance of tokenized government bonds from "emerging market experiment" to "highest sovereign endorsement," signaling significant implications for institutional adoption of tokenized government bond products like BlackRock BUIDL and Securitize.