BTC $64,099.60 +1.38%
ETH $1,846.31 +0.60%
BNB $569.84 +1.10%
XRP $1.08 +0.59%
SOL $75.01 +0.43%
TRX $0.3234 +0.32%
DOGE $0.0723 +0.61%
ADA $0.1661 +3.37%
BCH $219.45 +0.63%
LINK $8.30 +1.37%
HYPE $59.05 -1.70%
AAVE $87.98 -2.85%
SUI $0.7370 +0.23%
XLM $0.1852 +0.86%
ZEC $544.85 +1.75%
BTC $64,099.60 +1.38%
ETH $1,846.31 +0.60%
BNB $569.84 +1.10%
XRP $1.08 +0.59%
SOL $75.01 +0.43%
TRX $0.3234 +0.32%
DOGE $0.0723 +0.61%
ADA $0.1661 +3.37%
BCH $219.45 +0.63%
LINK $8.30 +1.37%
HYPE $59.05 -1.70%
AAVE $87.98 -2.85%
SUI $0.7370 +0.23%
XLM $0.1852 +0.86%
ZEC $544.85 +1.75%

aft

All
Article
Flash

The Russian cryptocurrency criminal liability bill has been postponed for review after the election, with a maximum sentence of 7 years in prison

According to Bits.media, Anatoly Aksakov, chairman of the Financial Market Committee of the State Duma of Russia, stated that the second and third readings of the criminal liability bill for illegal cryptocurrency transactions will be postponed until the new State Duma is reviewed. The reason is that the Duma's spring session will end on July 27, and there will be an election recess from August to September, with the Duma election voting ending on September 20. Therefore, the review will not resume until the autumn session at the earliest.The bill completed its first reading in early July, with a maximum penalty of 7 years in prison for organizing illegal cryptocurrency circulation. The relevant penalty provisions are proposed to officially take effect on July 1, 2027. Under the current regulatory framework, Russian citizens can only buy and sell cryptocurrencies through institutions holding a license from the Central Bank of Russia, and P2P and over-the-counter transactions may face criminal liability. Aksakov denied concerns that the bill would affect cryptocurrency exchanges and P2P users, stating that the related worries are "unfounded." Meanwhile, another Russian government initiative to strengthen state control over cryptocurrencies, the "Digital Currency and Digital Rights Law," has also been postponed, with the original timelines for implementation in July and September now missed.

TeraWulf finalizes a $19 billion AI lease; BitGo Holdings drops over 77% after going public, as the crypto IPO sector falls into systemic downturn

According to BBX data, last week the completion of the most significant contract for Bitcoin mining company AI transformation was announced, and data on the market performance of crypto-listed companies post-IPO further reveals the industry's valuation dilemma. The core dynamics are as follows:TeraWulf Inc. (NASDAQ: $WULF) disclosed last week through SEC 8-K that the company signed a 20-year AI infrastructure lease with AI leader Anthropic (privately held) ------ the lease subject is TeraWulf's Justified Data campus located in Hawesville, Kentucky, totaling approximately 401 megawatts of IT critical load, expected to generate about $19 billion in contract lease revenue during the initial 20-year lease term (supported by expected investment-grade credit), with the first capacity expected to be delivered in H2 2027, and full capacity of 401MW expected to reach production by early 2028. On the same day, TeraWulf sold its 50.1% stake in the AI data center JV in Abilene, Texas (168MW), with the buyer being a consortium of investors led by Fluidstack, for a total consideration of approximately $530 million (in three phases: $250 million down payment within 14 days, $150 million by the end of 2026, and about $130 million by the end of April 2027), realizing a premium on the original $450 million investment, with the proceeds reinvested into TeraWulf's wholly-owned AI infrastructure projects. CEO Paul Prager: "This milestone collaboration demonstrates our ability to provide large-scale, power-secure infrastructure for top AI clients." $WULF rose over 16% during the day, and after the announcement, several institutions raised their target prices: BofA (Buy, $34), Citi (Buy, $36), Needham (Buy, $33, up from $28), Rosenblatt (Buy, $30), with the average price from Wall Street analysts exceeding $33; the company's stock price has risen over 80% year-to-date, with Benzinga assessing the momentum score at 98.06 (extremely strong).According to INN data from July 8, BitGo Holdings (NYSE: $BTGO) has fallen about 77% since its listing at $22.43 in January 2026, becoming one of the worst performers in this round of crypto IPOs, marking a systemic downturn in the market for crypto asset companies post-IPO; during the same period, Bullish (NYSE: $BLSH) has dropped about 71% from its listing price of $90 in August 2025, eToro Group (NASDAQ: $ETOR) has fallen about 42% from its listing price in May 2025, Figure Technology Solutions (NASDAQ: $FIGR) has decreased about 14%, and only Circle Internet Group (NYSE: $CRCL) has dropped about 6% since its listing in June 2025, showing the smallest decline. The continued weak market performance has substantially frozen the pipeline for subsequent crypto IPOs: Kraken's parent company Payward suspended its listing process this spring, and Grayscale, Consensys, and Ledger have all postponed their IPO plans until market conditions improve.
app_icon
ChainCatcher Building the Web3 world with innovations.