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According to Reuters, the cryptocurrency advocacy organization Stand With Crypto, supported by Coinbase, announced endorsements for 32 incumbent congressional candidates for the midterm elections in November. All 32 candidates voted last year in favor of sending the cryptocurrency industry's top legislative priority, the CLARITY Act, out of the House of Representatives, which is currently stalled in the Senate due to opposition from some lawmakers.The list includes key allies in the cryptocurrency industry such as Republican Representatives Tom Emmer and Bill Huizenga, as well as Democratic Representatives Ritchie Torres and Josh Gottheimer, some of whom are facing fiercely competitive races.Mason Lynaugh, Executive Director of Stand With Crypto, stated, "In 2024, we proved that crypto voters are real, and in 2026, we want to demonstrate our organizational mobilization ability; our advocates are a voting bloc that can truly impact outcomes."Stand With Crypto was launched by Coinbase in 2023 to influence elections by mobilizing voters rather than through large-scale campaign spending, and it claims to have over 3 million registered "advocates." In 2024, the cryptocurrency industry invested $170 million to support congressional candidates, most of whom won, and pushed Congress to pass the GENIUS Act for stablecoin regulation. During this midterm election cycle, the cryptocurrency industry has already invested nearly $200 million through channels such as the Fairshake super PAC to continue solidifying its influence in Congress.

According to Jinshi reports, European stock indices have increased, with the German DAX30 index, French CAC40 index, and Euro Stoxx 50 index all rising over 2%.

Stand With Crypto's UK branch has initiated action, calling on banks to lift restrictions on transfers to cryptocurrency exchanges, arguing that such practices conflict with the UK's goal of becoming a global digital asset hub.The organization stated that about 40% of banks in the UK have blocked or delayed transactions to cryptocurrency exchanges, and 80% of exchanges reported a significant increase in trading resistance from customers over the past year. Some exchanges have even experienced nearly £1 billion in transaction cancellations within a year due to banks refusing to process transfers.Stand With Crypto UK plans to mobilize over 286,000 registered cryptocurrency advocates in the UK to submit formal complaints to their respective banks. The organization stated that users should not be unable to access legitimate asset classes due to banks imposing "one-size-fits-all" restrictions on the entire industry.

The Tether AI research team announced the open-source release of the TurboQuant production version and its integration into the QVAC SDK 0.12.0.TurboQuant is based on a memory compression algorithm from Google Research, which can compress the KV cache of AI runtime by up to 5 times while maintaining output quality close to that of uncompressed models.This means that laptops, mobile phones, and edge devices can handle longer conversations, larger files, and more complex tasks without the need to upload data to the cloud.This open-source release includes a complete quantization pipeline, mainstream inference framework adapters, and developer documentation, aimed at developers and startups deploying AI on consumer-grade hardware, edge devices, and peer-to-peer networks.

According to The Block, former Ethereum Foundation researcher Dankrad Feist posted on the X platform, proposing the establishment of a new organization aligned with the Ethereum economy to "save" Ethereum. He believes that the Ethereum Foundation currently holds less than 0.1% of ETH, with no staking or fee income flowing in, so the new organization needs to raise at least $1 billion in funding, managed by competent leaders, with part of the funds coming from staking income, and driven by a more responsible board to boost Ethereum's price.Feist left the foundation last year to join Layer 1 network Tempo. He co-created the Danksharding shard design in the Ethereum community to enhance Layer 2 scalability, was appointed as a strategic advisor in areas such as L1 scaling and user experience during the restructuring of the foundation's leadership, and proposed EIP-9698, which would increase the Gas limit by 100 times.

According to Jinshi reports, the French CAC40 index surged 3% during the day, currently reported at 8,306.34 points.

According to Jinshi reports, the Italian FTSE MIB index fell by 1% during the day. At the same time, the French CAC 40 index fell below 8,000 points, with a daily decline of 1.42%.

According to Jinshi reports, the French CAC40 index surged 5% during the day, currently reported at 8,304.55 points.

According to Jinshi reports, European stocks have turned to gains, with the German DAX index and the French CAC 40 index both rising more than 2% during the day, and the Spanish IBEX 35 index rising 1% during the day. Previously, these indices had all fallen over 2%.

Members of the crypto advocacy organization Stand With Crypto have written to the U.S. Senate Banking Committee, urging the protection of decentralized finance development in the advancement of crypto legislation and the retention of provisions that allow trading platforms to offer stablecoin yields.The letter points out that a clear and fair regulatory framework should be established while avoiding the undermining of innovative financial technologies. The current legislative controversy mainly focuses on stablecoin yields and DeFi regulation, with the banking industry concerned that yield mechanisms will divert traditional deposits, while the crypto industry argues that restricting yields will stifle innovation. Additionally, the letter emphasizes the need to retain provisions related to blockchain regulatory certainty legislation, clarifying that developers who do not control user funds are not considered money transmitters. Relevant legislation is still being advanced in the Senate Banking Committee.

Cactus Custody announced that its self-custody MPC (Multi-Party Computation) solution is officially launched. As a custody brand under Matrixport, Cactus holds a Hong Kong Trust TCSP license and has served numerous industry-renowned clients such as RedotPay, Fosun Wealth Holdings, and TDTC.As the Web3 industry matures, institutional clients are increasingly inclined to gain autonomy in custody while demanding the robust security infrastructure provided by third-party custodians. Cactus Custody's MPC solution cleverly bridges this gap by combining cutting-edge Intel SGX TEE (Trusted Execution Environment) with an institution-centric risk management engine.The core security cornerstone of the platform is the advanced MPC-TSS (Threshold Signature Scheme). Through this technology, private key shards are independently generated by multiple parties and jointly managed by devices controlled by Cactus and the clients. This architecture effectively eliminates the risk of "single points of failure," ensuring that no party can unilaterally transfer funds, thereby providing clients with absolute asset sovereignty and peace of mind.Cactus Custody CEO Daniel Lee commented, "Our new MPC solution is designed for institutions that prefer to manage assets directly while requiring secure and compliant infrastructure. By providing a compliant, flexible, and secure platform, we empower clients to flexibly and fully autonomously scale their digital asset businesses."

Crypto journalist Eleanor Terrett posted on X platform that a newly emerged crypto advocacy group "Investors For Transparency" has aired advertisements during Fox News' prime time, calling on the public to oppose the provisions regarding decentralized finance (DeFi) in the upcoming crypto market structure bill, which is set to be voted on next week. The DeFi provisions have been one of the most controversial parts, sparking intense debates among lawmakers, traditional finance (TradFi), and within the cryptocurrency industry. Notably, UniSwap founder Hayden Adams revealed that the funding sources and supporter information of this crypto advocacy group seem to be very "mysterious" and have not been publicly disclosed.

ChainCatcher news, according to Jinshi reports, the French CAC 40 index futures continued to decline from Monday's late session, with an intraday drop of more than 0.7%.

ChainCatcher news, CACEIS, the asset services division of Crédit Agricole, announced the acquisition of a minority stake in the fintech company Kriptown, supporting its development of Lise, the first blockchain equity exchange in Europe focused on small and medium-sized enterprises.The platform is currently applying for regulatory approval under the EU DLT pilot program, aiming to simplify the corporate IPO process through distributed ledger technology, with the entire chain of securities issuance, trading, and settlement on the blockchain. The first IPO project is planned to launch in 2025.

ChainCatcher news, according to The Block, the crypto advocacy group Stand With Crypto has united 65 organizations to urge U.S. lawmakers to support the Clarity Act. This bill aims to establish a clear regulatory framework for the crypto industry, clarifying the regulatory division between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), requiring digital asset companies to disclose customer information and segregate customer funds, and is expected to enter the review process next week.In addition, Senate Banking Committee Chairman Tim Scott and Representative Cynthia Lummis released relevant legislative principles last month, and a hearing on digital assets will be held on Wednesday. The letter specifically mentions the urgency of legislation, pointing out that the U.S. needs to establish a regulatory framework by the end of September to avoid falling behind in global competition.