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On July 17, Interlace and BlockSec jointly held the summit "The Next Decade of Payments: Digital Currency, AI Agents, and the New Global Financial Order." The event brought together industry guests from AI, Web3, security, and payments to discuss the development trends of stablecoin payments, security compliance, AI agents, and global payment infrastructure.BlockSec co-founder Zhou Yajin and Interlace founder and CEO Michael Wu delivered keynote speeches on "Security and Compliance in Crypto Payments" and "Agentic Payment and the New Infrastructure of Global Finance," respectively, sharing their latest observations on the development trends of digital asset payments. As the scenarios for stablecoin payments continue to expand, the security compliance system and the construction of a new generation of payment infrastructure are becoming key supports for driving industry development. In the future, payment infrastructure will not only serve the function of capital flow but will also further evolve into a programmable, trusted, and verifiable value transfer system, providing underlying support for the connection between digital assets and real-world commerce.At the event, Interlace also officially released the white paper "The Value Transmission Layer of the AI Economy: From Concept to Implementation." The white paper was jointly initiated with ecosystem partners such as Bitget, BlockSec, Cobo, Conflux, Stable, Xagent, and Hetu, systematically defining the architecture, standards, and implementation paths of Agentic Payment infrastructure, providing a reference for value transfer in the era of the AI economy.

According to Jinshi reports, Federal Reserve Vice Chairman Jefferson stated that he is firmly committed to restoring inflation to the target of 2%, which is consistent with the Federal Reserve's dual mandate.

Cryptocurrency trading and liquidity service provider Cumberland announced on platform X that its Singapore subsidiary Cumberland SG Pte. Ltd. has obtained the MPI license issued by the Monetary Authority of Singapore (MAS), allowing it to provide Digital Payment Token (DPT) services and cross-border money transfer services.

Injective stated that it has submitted a transfer agent registration application to the U.S. Securities and Exchange Commission. The transfer agent is responsible for maintaining the official ownership records of securities and handling transfer changes, a function typically maintained by specialized institutions off-chain in traditional markets.This application aims to migrate this core market function on-chain, allowing the tokens themselves to serve as ownership records, thereby enabling the registration and transfer of tokenized securities to be completed in seconds and reducing intermediary verification steps.

The Crypto Innovation Committee (CCI) announced that Etherealize, Hyperliquid Policy Center, and Tools for Humanity (TFH) have officially joined. CCI stated that the new members will enhance its technical expertise in on-chain finance, institutional finance, and digital identity to better support policy-making.Etherealize stated that as the application of Ethereum in institutional scenarios accelerates, a prudent policy framework is of great significance for unlocking the potential of the next generation of financial infrastructure.

BlackRock's revenue in the second quarter increased by 31% year-on-year to $7.1 billion, and adjusted operating income rose by 39% year-on-year to $2.9 billion, with AUM reaching $15.3 trillion and net inflows of $868 billion over the past 12 months.BlackRock has submitted two registration statements for tokenized money market funds to the U.S. Securities and Exchange Commission (SEC), one of which aims to create a tokenized share class for existing funds on Ethereum, while the other is for a digital-native strategy. The AUM of BlackRock's iShares ETF platform exceeds $6 trillion, with net inflows of $178 billion in the second quarter. Its AUM related to digital assets is approximately $110 billion, with iShares Bitcoin Trust, Ethereum Trust, and BUIDL remaining the largest products in their respective categories. BlackRock also manages a $60 billion reserve for stablecoin issuer Circle. The company has raised its stock buyback plan for 2026 to $2 billion, having repurchased $450 million in stock in the second quarter.

The U.S. Securities and Exchange Commission announced that the rule change submitted by the New York Stock Exchange on July 6 is effective immediately, significantly raising the position limit and exercise limit for BlackRock's Bitcoin Spot ETF IBIT options from 250,000 contracts to 1,000,000 contracts, in order to meet the rapidly growing demand for IBIT options trading and enhance market liquidity and market maker capacity.

The founder of the Liebit mining pool, Jiang Zhuoer, stated that he has sold the remaining 50% of his spot holdings when the ETH price was $1,931. Currently, the ETH spot position has been completely liquidated, with an overall selling average price of $1,834.5.Jiang Zhuoer mentioned that ETH has rebounded quickly and is approaching the starting point of the recent decline on June 2. There are many trapped positions above, and he expects the upper limit of this rebound to be around $2,000, which is why he chose to sell. He also reminded that this operation is only applicable to spot trading, as leveraged positions carry higher risks, and he does not recommend futures users to follow suit.

According to market news, Bloomberg ETF analyst James Seyffart posted on X that updated filings have been submitted for its Ethereum ETF and Solana ETF, with expected trading codes of MSSE and MSOL, and a fee rate of 0.14%.

According to the official announcement, the Binance wallet on both Web and App has supported limit order trading on the ETH and Base chains.

Cryptocurrency trading and liquidity service provider Cumberland announced on platform X that its Singapore subsidiary Cumberland SG Pte. Ltd. has obtained the MPI license issued by the Monetary Authority of Singapore (MAS), allowing it to conduct Digital Payment Token (DPT) services and cross-border money transfer services.

In response to the recent market controversy regarding the reduction of Stabledrop shares, Cap founder Benjamin issued a statement of apology and provided a detailed response. He stated that the team prematurely committed to an airdrop scale of 11 million before the funding was fully secured, but subsequent changes in the market environment led to a fundraising amount that fell short of expectations, resulting in the actual airdrop pool shrinking to 4.2 million.To avoid substantial principal losses for early YT (Yield Token) holders, the team temporarily adjusted the originally planned linear distribution scheme to a "capital protection but no profit" restructuring model, ensuring that no one incurs losses. This rule applies equally to all wallets. Meanwhile, in response to community concerns about a related whale address allegedly engaging in "internal score manipulation," Benjamin clarified that the wallet belongs to a former colleague and is not operated by the team, and that project treasury funds have not been utilized. Additionally, he emphasized that the Cap protocol is still operating healthily, and the decline in TVL that occurred over the weekend was mainly due to the surge in USDM lending rates on Aave for MegaETH, causing arbitrageurs to exit, which is unrelated to this airdrop incident. All redemptions have been processed smoothly.

Coinbase co-founder and CEO Brian Armstrong posted on the X platform, publicly acknowledging that the creator coin previously promoted by the Base chain has not succeeded and that a strategic adjustment was completed earlier this year.Armstrong stated that Base's current core focus areas are trading, payments, and AI agents, which are interconnected—payments require foreign exchange trading, and AI agents will also involve a large number of trading and payment scenarios. Currently, most resources have been concentrated on the trading track.

The Websea offline summit was successfully held, bringing together hundreds of industry partners, channel representatives, market elites, and regional operation center teams to exchange ideas on transaction innovation, market growth, and long-term value opportunities.The holding of this summit releases a positive signal that Websea's market strategy is accelerating comprehensively. Currently, Websea is continuously advancing the layout of regional operation centers, global BD recruitment, channel cooperation upgrades, and regional market expansion, with multiple business lines working simultaneously to further expand the platform's market coverage, channel scale, and ecological influence.In the future, Websea will continue to focus on product innovation as the foundation, channel growth as the core, and market implementation as the driving force, working hand in hand with outstanding global teams and partners to build a more vibrant and long-term valuable digital asset ecosystem.

The Bitcoin BIP-110 proposal is approaching its deadline in early August, with current miner support below 1% and the current cycle at 0, with no major mining pools supporting it. BIP-110, which stands for "Reducing Data Temporary Soft Fork," plans to limit OP_RETURN data capacity within a year, prohibiting most arbitrary data writes exceeding 256 bytes and restricting certain script formats primarily used for data storage. Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110.Data shows that BIP-110 adopts a user-activated soft fork mechanism, setting a 55% miner signal threshold, with the proportion of nodes running BIP-110 software in single digits, mainly from Bitcoin Knots users. The current signaling cycle for this proposal will end around block height 959,615, expected to enter a voluntary lock-up period in early August, with plans to activate around September. If widespread support is still lacking by then, it may lead to a minority of nodes forming a separate chain.

Custodia Bank has submitted a petition for rehearing to the U.S. Supreme Court, requesting confirmation on whether the president of the regional Federal Reserve Bank has the authority to refuse to provide master account services to institutions. Custodia Bank has applied for a Federal Reserve master account multiple times and was denied by the Federal Reserve in 2023, citing significant safety and soundness risks associated with its new business model and its intended focus on digital assets.Custodia Bank subsequently appealed to the U.S. Tenth Circuit Court of Appeals, which ruled in favor of the Kansas City Federal Reserve Bank in 2024. The U.S. Supreme Court will decide in October whether to hear the case.

The Hong Kong Interbank Clearing Limited (Hong Kong Clearing) announced that it has recently discovered multiple counterfeit websites that lure users into submitting personal information such as ID card numbers, ID card photos, and phone numbers under the guise of "Buyer Online Security Assurance" for so-called "real-name authentication," and use cash rewards as an incentive, allowing users to recharge and withdraw funds through virtual wallets.The Hong Kong Interbank Clearing Limited urges the public to be cautious of suspicious calls, websites, or other communications, and to report to the police as soon as possible if they suspect they have been scammed.

Bloomberg ETF analyst Eric Balchunas stated that the alternative asset management firm Subversive Capital has submitted applications for two actively managed prediction market ETFs, including the Subversive Prediction ETF and the Subversive All Season Sports ETF.The related funds are expected to place bets on approximately 30 to 50 events across different prediction markets, covering areas such as macroeconomics, politics, weather, and sports events. Balchunas described it as the "degen Peter Lynch."