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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.

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 CoinDesk, Galaxy Digital has launched an institutional-grade vault curation business, Galaxy Curator, on the decentralized lending protocol Morpho, and opened it to institutional clients through Fireblocks Earn. The product is designed to allow institutions to allocate idle stablecoins to selected on-chain yield strategies without the need to build and manage DeFi infrastructure themselves.Galaxy stated that the initial products include two types of strategies: one focuses on capital preservation, allocating only to markets supported by high-quality collateral; the other, while taking on higher risks, allocates to liquid staking re-staked tokens, Pendle principal tokens, and Ethena products to achieve higher yields. The company noted that the related vaults adhere to the collateral standards, risk exposure limits, and market monitoring framework used in its institutional lending and trading business.

According to the official announcement, the Binance futures platform will launch the MINIMAX USDT perpetual contract at 11:00 on July 17, the ZHIPU USDT perpetual contract at 11:05, the HK0700 USDT Quanto perpetual contract at 11:10, the HK1810 USDT Quanto perpetual contract at 11:15, and the TENCENT USDT perpetual contract at 13:00.

The UK's tax authority HMRC announced that starting from April 6, 2027, it will adopt a "no gain, no loss" tax treatment for cryptocurrency lending and liquidity pools, which is expected to affect approximately 700,000 people.

According to Onchain Lens monitoring, Arthur Hayes received 646.33 ETH from Galaxy Digital (@galaxyhq), worth 1.24 million USD.A few minutes ago, he transferred 1.25 million USDC to FalconX, possibly part of the same settlement process.

According to monitoring by Lookonchain, in the past 3 hours, Abraxas Capital withdrew 8,153 ETH from Binance and Bybit, worth 15.3 million USD, while depositing 618 BTC to Kraken, worth 39.99 million USD.

According to official news, Gate announced the launch of the interest-earning feature for stock and CFD account assets, allowing users to earn automatic returns on eligible idle USDT and USDx in their accounts while participating in stock trading, IPOs, and CFD trading. This feature uses a tiered interest mechanism, matching interest levels based on the USDT balance in the stock account and the USDx balance in the CFD account. A single account balance exceeding 1,000 USDT or USDx can participate in interest calculation, with a reference annualized return rate of up to 3.00%.

Galaxy Digital's research director Alex Thorn stated that a large amount of long-dormant BTC will be reactivated and transferred on-chain during 2024 and 2025, with the scale only second to that of 2017.He pointed out that the current phase of "Great Distribution" brought about by the awakening of old BTC is basically coming to an end, and it is expected that the amount of BTC awakened in 2026 will be less than half of that in 2025.

According to Japanese media reports, the Japanese Senate officially voted today to pass the revised "Financial Instruments and Exchange Act." This amendment marks the formal inclusion of crypto assets (virtual currencies) into the regulatory scope of financial products, no longer limited to the constraints of the "Funds Settlement Act" as a means of payment.In terms of regulation and investor protection, the new rules introduce an insider trading regulatory mechanism for the crypto market, while also accepting oversight from monitoring committees such as those for securities trading. Additionally, the law significantly increases the penalties for unlicensed operators, with the maximum sentence raised from 3 years to 10 years in prison, and the maximum fine increased to 10 million yen. This revised legislation is expected to be officially implemented by July 2027.In terms of taxation and investment channels, the new rules clarify several significant policy changes. Starting from January 2028, the tax rate on profits from crypto asset trading in Japan will be reduced from the current maximum of 55% comprehensive taxation to a unified tax rate of 20%, the same as for stocks (separate declaration taxation). Furthermore, the Japanese market is also expected to officially lift the ban on crypto asset ETFs during the same period, with various securities institutions already beginning preparations for related entry matters.

According to South Korea's Chosun Ilbo, the National Tax Service of South Korea is accelerating preparations for the taxation of virtual assets by 2027, including the establishment of a new Digital Asset Comprehensive Division and the promotion of the construction of a comprehensive analysis system for virtual assets. However, the National Assembly has not yet scheduled the discussion on the petition signed by 50,000 people to abolish the virtual asset tax, and discussions have stalled.Under the current tax system, investment income from virtual assets is taxed at 22% after a deduction of 2.5 million won, while stock investors do not pay capital gains tax when buying and selling stocks on the exchange, and losses from virtual assets cannot be carried over to the next year, which has been criticized as unfair. Related discussions are expected to advance after the government's tax reform plan is announced at the end of July.

Bitget launches VIP exclusive BTC financial management, with the event ending on July 19 at 18:00 (UTC+8). This event is aimed at VIP users who participated in ARX PoolX between July 7 at 18:00 and July 14 at 18:00 (UTC+8). Eligible users can subscribe to the BTC flexible simple earning product, enjoying up to 2.5% APR. For more details, please refer to the Bitget official platform.

The UK's HM Revenue and Customs has confirmed that depositing crypto assets into DeFi lending protocols and liquidity pools will no longer be considered a taxable disposal, and capital gains tax will be deferred until the investor actually economically disposes of the asset. This measure was announced on Monday and will take effect on April 6, 2027, amending the 1992 Taxation of Chargeable Gains Act. HMRC estimates that this measure will affect approximately 700,000 individuals and trustees using crypto loans and liquidity pools. Aave founder Stani Kulechov stated that this practice is "the right direction."

According to official news, Galaxy announced the launch of the institutional-level on-chain financing program GOFR (Galaxy On-Chain Financing Rate), allowing institutional clients to indirectly access the on-chain credit market through Galaxy, obtaining financing at a single optimized rate, with Galaxy acting as the counterparty.

The UK HM Revenue and Customs has issued a policy document proposing that starting from April 6, 2027, certain crypto asset loans and liquidity pool arrangements involving individuals and trusts will be subject to a "no gain no loss" treatment, meaning that capital gains tax will be deferred until an economic disposal occurs.

According to Jinshi reports, Federal Reserve Governor Waller stated that the labor market is stable and close to the Federal Reserve's maximum employment goal.

According to monitoring by Lookonchain, the K3Capital associated wallet (0x4352...3b4f) withdrew 10,000 ETH from Binance, worth $178 million; Abraxas Capital withdrew 6,948 ETH from Binance and Bitfinex, worth $124 million.

High-performance AI-native PayFi L1 public chain AXON Finance announced the completion of a new round of institutional financing, with a total amount of 2 million USD. Among them, Infinite Alliance led the investment with 1 million USD; UZ Capital and Bluemount Foundation co-invested with 1 million USD.The funds from this round will be used to accelerate the construction of AXON L1 infrastructure and promote the launch of its first open ecosystem, the "U.S. Stock Copy Trading Engine." As the first open ecosystem of the PayFi public chain, the U.S. Stock Copy Trading Engine is supported by AXON's L1 settlement and account abstraction infrastructure, opening up the prediction platform ecosystem. AXON serves as the underlying infrastructure technology provider. Together, they form a closed loop of "prediction platform traffic diversion and AXON stablecoin yield": users can obtain stable returns by copying trades with idle stablecoins on the prediction platform through AXON L1, thereby allowing AXON to accumulate real on-chain traffic and TVL.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the market Polymarket. A large whale invested $168,200 in the event "UFC 329: Max Holloway vs. Conor McGregor" for the match "Max Holloway vs. Conor McGregor." Based on the current transaction price, the latest corresponding winning probability for this bet is 29%.