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Fairlead Strategies Managing Partner Katie Stockton stated that Bitcoin is no longer in an oversold state, but it has not yet reached an overbought state. She pointed out that Bitcoin broke through the 200-day moving average in May, and a potential breakout may be imminent. Last week, Bitcoin began to rise due to news that the U.S. Treasury would at least double the scale of liquidity support repurchase operations, with a 7-day increase of over 22%, and the latest trading price is around $78,915, having previously surpassed $81,000 on Monday.For most of June and July, Bitcoin traded below $65,000 and experienced the lowest volatility in 17 years. Analysts believe that the so-called "devaluation trade" may heat up again, where investors buy assets when they believe fiat currencies are devaluing. The dollar declined after the Treasury's announcement, while gold and Bitcoin rose accordingly. U.S. investors re-entered Bitcoin ETFs last week, with inflows nearing $2 billion.Additionally, President Trump met with crypto executives at the White House last week, stating that pushing the Clarity Act through would keep the U.S. ahead. The bill was originally scheduled for a vote in August but has now been postponed to September, and it will establish a framework for distinguishing between securities, commodities, and payment stablecoins in digital assets.

According to CoinDesk, Fairmint CEO Joris Delanoue stated that the boom in tokenized stocks may replicate a digital version of Wall Street's "paper crisis" from the late 1960s. At that time, trading volume in U.S. stocks surged, overwhelming the back office that relied on paper stock certificates, leading to an increase in settlement failures. The New York Stock Exchange even closed on Wednesdays to clear the backlog, ultimately driving infrastructure reforms such as central depositories and custodial trust companies.Delanoue mentioned that the main issue is whether the crisis is being recreated in a digital manner. Exchanges, special purpose vehicles (SPVs), token packaging, and proprietary ledgers may sever ownership records during the growth of tokenized stocks. Some products only provide economic exposure to the underlying stocks rather than legal ownership, and investors may rely on intermediaries, facing uncertainties regarding voting rights, dividends, and asset claims when issuers or SPVs encounter problems. The global market for tokenized stocks has grown from less than $500 million at the end of the first quarter to approximately $2 billion.

According to Xinhua News Agency, the U.S. has sent a letter to the signatories of the "Joint Statement on the Opportunities of Artificial Intelligence Partnership," requesting that all parties refrain from simultaneously joining U.S.-related initiatives and other mechanisms that conflict with U.S. initiatives. Foreign Ministry spokesperson Lin Jian stated at a regular press conference on the 19th that countries have the right to choose their partners based on their own national conditions and development needs. China firmly opposes taking sides and creating confrontations on artificial intelligence issues, and hopes that all parties will abandon zero-sum thinking, adhere to mutual cooperation, respect the digital sovereignty of all countries, and work together to build a fair and reasonable global governance system for artificial intelligence, making artificial intelligence an important driving force for promoting common prosperity and maintaining common security.

ChianCatcher news, Terence Lee, one of the early co-founders of BitMart (GBM Global Holding Company Limited), stated, "In recent years, I have not been responsible for the main business of the exchange, and my work has mainly focused on exploring new products and new business. I will withdraw from all company affairs on July 31, 2026, and will not participate in any operations, management, or asset-related matters of the company or any of its affiliated entities. The procedures for resigning from relevant positions and canceling registrations are currently being processed. I deeply regret the difficulties and impacts caused to users by the platform's cessation of operations. However, I currently have no authority to handle matters related to platform assets, accounts, or user funds, nor can I answer questions related to platform operations or asset disposal. Relevant requests should be made through the channels indicated in the official announcement and through legal means. Recently, my identification information, photos, and several false pieces of information have been circulated, and I have reported this to law enforcement and reserved the right to pursue legal responsibility. This statement is my only public explanation regarding this matter, and I will no longer respond to related inquiries individually."

Bitget released a statement on "Improving Market Mechanisms and Maintaining Fair Trading," announcing the advancement of market fairness from three directions: first, establishing a mechanism for handling and returning abnormal profits, disposing of profits generated from violations or abuse of mechanisms, with proceeds not counted as platform revenue and specifically used for user protection; second, enhancing risk standards for listed and existing assets, conducting dynamic monitoring of existing assets based on indicators such as liquidity, depth, and volatility, and taking management measures for those that do not meet the standards; third, continuously optimizing the underlying mechanisms, focusing on improving the stability of price marking and dynamic risk control capabilities under extreme market conditions.The above optimization work will be carried out in phases, involving adjustments to specific trading rules or product mechanisms, and the platform will notify through official channels. Bitget emphasizes that trust comes from adherence to rules and will continue to maintain a fair and orderly trading environment through mechanism optimization and transparency initiatives.

According to Jinshi reports, the Philippines has designated a so-called "baseline of territorial sea" in Huangyan Island, which is Chinese territory, seriously infringing on China's territorial sovereignty and violating international law. China firmly opposes this and demands that the Philippines respect China's territorial sovereignty and maritime rights and interests, and refrain from taking any infringing provocative actions; otherwise, China will respond resolutely.

According to Jinshi reports, the French Ministry of Foreign Affairs calls for a de-escalation of the situation in the Red Sea and points out that the closure of the Strait of Hormuz will have an impact on the global economy.

According to CoinDesk, with the official full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), the European digital asset market has entered a new era of unified regulation. Regarding the impact of MiCA on the industry landscape, Dr. Han, founder and CEO of Gate, stated in an interview that Gate began laying the groundwork for compliance in Europe several years ago and completed preparations for MiCA and Payment Institution (PI) licenses ahead of schedule in 2025. He pointed out that the significance of MiCA lies not only in establishing a unified regulatory framework but, more importantly, in ensuring that all market participants start from the same starting line. "Only when all platforms adhere to the same rules can the industry truly compete based on products, services, and user experience." At the same time, he also mentioned that if unauthorized platforms can still provide services to European users, the fair competition environment will still face challenges, making the effective enforcement of regulations equally crucial.Currently, Gate Europe has been continuously improving its compliance system, risk management, and operational governance capabilities based on the dual licenses of MiCA and PI, while deepening its global compliance layout. In addition to Europe, several entities under Gate have completed relevant regulatory registrations, license applications, or obtained authorizations and approvals in jurisdictions such as Malta, the Bahamas, Japan, the United States, Australia, and Dubai, solidifying the global business foundation through multi-regional regulatory licenses and continuously providing safer, more transparent, and efficient digital asset services to global users. In the future, Gate will continue to adhere to the parallel development of compliance and innovation, promoting the long-term healthy development of the digital asset industry with higher quality product experiences and global service capabilities.

The Central Cyberspace Affairs Commission recently announced the progress of the first phase of the "Clear and Bright: Rectifying AI Application Chaos" special action. Since its launch in April 2026, this action has focused on issues such as large models not being registered as required, insufficient review and filtering capabilities, AI data poisoning, and inadequate implementation of content labeling. As of now, the first phase has dealt with over 14,000 AI products, including non-compliant websites, applications, and intelligent agents, cleaned up more than 6 million illegal and non-compliant pieces of information, handled over 26,000 non-compliant accounts, and removed over 1,300 non-compliant AI products and 9 non-compliant open-source datasets.During the special action, many local cyberspace departments have taken targeted measures such as establishing coordinated regulatory mechanisms and setting up reporting areas. Key platform companies such as Huawei, Alibaba, Zhiyu, and DeepSeek have also successively improved their registration review, content interception, and data anomaly detection mechanisms. The Central Cyberspace Affairs Commission stated that the next phase of governance will focus on cracking down on prominent issues such as the use of AI technology to create and disseminate false information, spread vulgar content, impersonate others, infringe on the rights of minors, and engage in internet water army activities, further increasing enforcement efforts and urging platforms to enhance their prevention and governance capabilities.

Grayscale Research released a report stating that it believes the fair value of the AAVE token could rise to around $175 within a year, with the current price of $75 being undervalued.The report pointed out that DeFi protocols have generated nearly $25 billion in fees since 2023, becoming an asset class that produces real income. Grayscale categorizes crypto assets on a spectrum from pure commodities to cash flow-driven assets, with AAVE, UNI, and SKY being closer to cash flow assets. The report noted that Aave's protocol revenue has grown over 6.6 times in the past three years, with an operating profit margin of about 50%. The report expects Aave to earn about $60 million in revenue by 2026, and based on a fintech company price-to-earnings ratio of 20-25 times, the current fair value market cap is estimated at $1.2-1.5 billion, corresponding to a token price of $80-100. If regulatory clarity accelerates the adoption of tokenized assets, the fair value of AAVE could rise to $175 within a year.Grayscale also pointed out that the accumulation of DeFi value is usually achieved through burning, buybacks, rebates, and staking, and that protocol revenue alone is insufficient to determine token value.

SpaceX disclosed in its latest S-1 filing that it holds approximately 18,712 bitcoins, with a current market value of about $1.4 billion, significantly higher than previous market expectations, with a cost of about $661 million. This bitcoin holding has become an important component of SpaceX's balance sheet, accounting for about 1.8% of total assets, making it one of the major corporate bitcoin holders, second only to a few institutions.The more critical issue lies in the financial volatility risk brought about by accounting treatment. Analysts say that measuring bitcoin at fair value will cause its price fluctuations to be directly reflected in the financial reports each quarter, potentially leading to significant profit volatility unrelated to core business (rocket launches, satellite business), creating significant "accounting noise." Market participants believe that this mechanism may make it more difficult for investors to assess SpaceX's true operational performance, with the bitcoin holding potentially evolving from a "strategic reserve asset" to a key variable affecting the stability of financial reports.

The Huobi HTX VIP private class "AI + Trading from Theory to Practice" was held in Shanghai, where early Bitcoin miner and pyra.io CTO Tian Jia shared the development of quantum computing and the impact of AI on trading.He believes that in the AI era, investors are more equitable in "gaining knowledge," such as establishing institutional-level trading frameworks. However, in "trading competition," it is less equitable, such as training institutional-level trading models. The real enhancement of fairness comes from AI lowering the cognitive threshold, while the true unfairness expands from the concentration of data, speed, capital, and platform manipulation capabilities.

According to Cointelegraph, the parent company of the New York Stock Exchange, ICE, is calling on regulators to create a fair competitive environment that allows licensed institutions to launch around-the-clock on-chain perpetual contracts. ICE executives stated that platforms like Hyperliquid are already conducting related trades, while traditional institutions are unable to follow suit due to regulatory restrictions.ICE has begun discussions with Hyperliquid to explore the collaborative space between traditional finance and the cryptocurrency industry. In addition, ICE recently partnered with OKX to launch oil-related perpetual contracts and is working with institutions to build a blockchain securities trading system, fully laying out a 7×24 hour on-chain trading business.

According to Axios, American Republicans are increasingly dissatisfied with the flow of political donations in the cryptocurrency industry, demanding that the pro-crypto super PAC Fairshake, which holds about $165 million in funds, clarify its stance and focus on supporting Republican candidates in the 2026 midterm elections.Republicans pointed out that, against the backdrop of significant progress in promoting pro-crypto legislation such as the CLARITY Act, Fairshake has yet to announce specific election investment plans, which is disappointing. The points of contention include:Ohio Democratic Senate candidate Sherrod Brown: Fairshake spent over $40 million in 2024 to defeat incumbent Senator Brown, but Brown's attitude towards the cryptocurrency industry has noticeably softened in recent years.New Hampshire Congressman Chris Pappas: His Stand With Crypto rating rose from "F" to "A" within 8 months, and Republicans initially expected Fairshake to focus on his campaign.In response, Fairshake supporters stated that it is still too early to speak out and emphasized that the PAC is bipartisan in nature, aiming to "reward supporters and punish critics," rather than unconditionally supporting a particular party. Some pro-crypto Republicans (such as the Winklevoss brothers) have established separate independent groups specifically to support Republican candidates.

In response to the U.S. accusations of China "stealing" intellectual property from American artificial intelligence laboratories, Foreign Ministry spokesperson Guo Jiaqun stated during a regular press conference on the 24th that the U.S. claims are unfounded and are a smear against China's achievements in the development of the artificial intelligence industry. China firmly opposes this. We urge the U.S. to respect the facts, abandon prejudice, stop suppressing technology related to China, and do more to promote technological exchange and cooperation between the two countries.

According to Tesla's official financial report, Tesla's total revenue in the first quarter of 2026 reached $22.4 billion, a year-on-year increase of 16%; GAAP operating profit was $941 million, a year-on-year increase of 136%; non-GAAP net profit was $1.453 billion, a year-on-year increase of 56%; operating cash flow was $3.9 billion, free cash flow was $1.444 billion, and the cash and short-term investments balance at the end of the quarter reached $44.7 billion.In terms of digital assets, the company did not disclose any Bitcoin trading operations, and the book value of digital assets decreased from approximately $1.008 billion at the end of the previous quarter to $786 million, mainly due to fair value adjustments resulting from the decline in Bitcoin prices.

SBF wrote to New York Judge Lewis Kaplan, announcing the temporary withdrawal of the Rule 33 motion for a retrial. SBF stated that he needed to focus on answering the judge's question about whether his lawyers were involved in drafting the motion, and he believed he could not receive a fair hearing before that judge, so he decided to withdraw the motion. He plans to reserve the right to resubmit the motion after a ruling on the direct appeal and the related request for reassignment of the judge.Previously, SBF was sentenced to 25 years in prison for defrauding clients and investors. In his letter, he confirmed that the motion was primarily completed through his independent legal research and drafting while in Brooklyn prison, with his parents only providing editorial suggestions and assistance with printing.

According to CCTV News, Foreign Ministry spokesperson Lin Jian hosted a regular press conference. A reporter asked: Previously, some media reported that Trump said he would postpone his visit to China if China did not assist with the escort issue in the Strait of Hormuz. What is China's response? Lin Jian stated that we have noted that the U.S. side has publicly clarified the media's false reports, stating that the relevant reports are completely incorrect, and emphasized that the visit is unrelated to the navigation issue in the Strait of Hormuz.

CryptoQuant analyst Axel Adler Jr stated on social media that the current price of Bitcoin has risen above its fair value, and the market structure has significantly changed compared to two weeks ago.Axel Adler Jr pointed out that two weeks ago, the market was in a bearish dominant phase, with the price of Bitcoin below its fair value, and the model he used was also in a "Bear Regime" state. As of now, this structure has completely reversed—prices have risen above fair value, and the bears' control over the market has come to an end.