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According to Jinshi reports, the prediction market platform Kalshi has applied to the U.S. Commodity Futures Trading Commission (CFTC) to launch perpetual futures linked to gold.

According to Decrypt, Galaxy Digital has officially launched the "Bitcoin Quantum Readiness Program," which includes three core pillars: providing developers with post-quantum cryptography research grants of up to $5 million, publishing special research reports through Galaxy Research, and establishing a quantum advisory committee composed of scholars from several top universities.The program aims at "Q-Day"—the critical moment when quantum computers use Shor's algorithm to break Bitcoin's elliptic curve encryption, forge signatures, and steal wallet assets. Project Eleven predicts that quantum computers with cryptographic threat capabilities may emerge as early as 2030, at which point approximately 6.9 million BTC will be at risk of exposure.The Coinbase Quantum Advisory Committee has also called for developers to immediately begin migration efforts. Meanwhile, Trump has signed an executive order setting the deadline for the U.S. federal government to complete its post-quantum cryptography migration by December 2031.

Coinbase CEO Brian Armstrong posted on X in response to the recent controversy sparked by his profile picture change and the voices from the Base community feeling insufficiently supported. Armstrong made it clear that his personal X account should not be viewed as investment advice or a signal source for individual tokens; he simply shares content online that he finds interesting or funny, and he may not be aware of whether the content relates to a specific token or project. His posts and profile picture do not constitute endorsement or commitment.Armstrong pointed out that Base is committed to building financial services infrastructure, covering tokenized stocks, lending protocols, stablecoin payments, and even meme coin trading. He supports economic freedom and user freedom to trade, but treating his X account as a trading signal is a risk users must bear, which also goes against his own wishes. Regarding support from the Base team or Coinbase, Armstrong stated that many tokens cannot be listed on centralized exchanges due to compliance and regulatory reasons, "If you hope Jesse or I can help pump or call certain tokens, we will not do that."The ways Coinbase has committed to support include hosting offline Base Batches events, providing funding to promising developers, investing in quality projects through Coinbase Ventures and the Base ecosystem fund, and regularly integrating promising Base DeFi protocols into Coinbase products. Currently, the post has over 1.05 million views.

According to ChaoXiang Research, Morgan Stanley's stock strategy report on July 20 pointed out that AI-related stocks have faced fierce selling in recent weeks, with the South Korean stock market dropping 25% from its peak, and the Philadelphia Semiconductor Index falling 20%. Individual stocks like Samsung and Micron have seen declines between 20% and 50%. The report believes that the core driving force behind this round of decline is technical factors and position clearing, with no deterioration in fundamentals. The gap between relative prices and relative earnings trends in semiconductors continues to widen, but the supply-demand tight balance for DRAM and NAND is expected to last until 2028. DRAM spot prices remain high, and Micron has also raised its performance guidance, indicating that supply-demand tightness will last at least until 2027. The RSI of the Philadelphia Semiconductor Index is nearing the oversold zone, and the accumulated momentum gains for the year have basically been retraced.Morgan Stanley believes that once the oversold signal is confirmed, a rebound window will open, and it suggests that investors gradually position themselves in semiconductors during the summer. The proportion of second-quarter earnings reports exceeding expectations reached 97%, and companies in the S&P 500 that reported better-than-expected earnings outperformed the market by an average of 1.7 percentage points on the day of the report. In terms of allocation, Morgan Stanley has raised its equity allocation from 60% to 65%, increased its Eurozone allocation from 8.7% to 11%, and is overweight in sectors such as semiconductors, mining, capital goods, automotive, insurance, and banking, while underweighting software, business services, and media in the "AI erosion group." Regarding geopolitical conflicts, the report believes that the "buying on dips" strategy since the end of March remains effective.

On July 20, the King County Superior Court in Washington State approved the preliminary injunction motion against KalshiEX, LLC (Kalshi), ruling that Kalshi's activities constitute illegal actions in violation of Washington State's gambling laws, and determined that the federal Commodity Exchange Act does not take precedence over state gambling laws.This ruling is an important precedent in the jurisdictional dispute between state regulatory agencies and federal regulatory prediction market platforms, following accusations from the CFTC chairman of illegal enforcement actions by states against federally regulated exchanges. The court made the ruling after reviewing multiple materials, including the oral arguments from July 10. The case number is 26-2-10264-3 SEA.

According to official news, the ENS DAO has approved the proposal to activate a new security committee, with a term of two years. The committee consists of eight members and has veto power, allowing it to cancel proposals during the waiting period after malicious proposals are passed but before execution. The committee's authority is limited to canceling transactions within the time lock and cannot access treasury funds, submit proposals, or rewrite approved proposals.The committee can only exercise its power under emergency conditions specified in its charter. ENS points out that governance itself may become an attack surface—voting rights can be borrowed to initiate attacks, proposal codes can hide malicious behavior, and credential leaks can be used to push harmful transactions. The new committee adopts a 5-of-8 multi-signature, requiring at least five members' agreement to cancel a proposal, and must seek DAO voting for extension after the two-year term.

Nigerian President Bola Ahmed Tinubu has signed an executive order to coordinate the regulation of virtual assets, strengthen cooperation among the country's financial, tax, and capital market institutions, and address the fragmentation of digital asset regulation. The executive order establishes a virtual asset committee composed of heads of Nigeria's main financial regulatory agencies, responsible for guiding relevant policies. The Nigerian tax authorities will update digital asset policies and provide more details on their impact on taxpayers.The President's Special Adviser Bayo Onanuga stated that the executive order does not establish new regulatory bodies nor transfer power between institutions; each agency retains its statutory responsibilities and independence, and registration requirements will be determined based on the nature of the activities and the assets involved. A report from the International Monetary Fund (IMF) in June indicated that since 2019, Nigeria has accounted for about 60% of the stablecoin inflows to sub-Saharan Africa; from July 2023 to June 2024, the country's cryptocurrency inflows are estimated to be around $59 billion.

According to CoinDesk, the Cardano mainnet completed the "Van Rossem" hard fork on July 18, upgrading the protocol version to 11, primarily reducing the cost of smart contract execution and paving the way for subsequent scaling solutions.This upgrade was the first to be fully proposed, discussed, and voted on by the community through the on-chain governance process, rather than being directly led by the founding development company Input Output. On-chain data shows that the voting support rate was approximately 78.97%, all 7 members of the Constitutional Committee confirmed that the proposal complied with the "Cardano Constitution," about 53.02% of node operators voted in favor, and over approximately 93% of block production pledges have run the new version of the node.This upgrade prepares technically and procedurally for the scaling solution Ouroboros Leios, which is planned to go live in 2026.

According to official news, Tether Gold (XAU₮) has been recognized as a "qualified spot commodity" by the Abu Dhabi Global Market (ADGM).After approval, ADGM institutions holding the relevant licenses can provide XAU₮ related services to clients, provided they meet regulatory requirements.

According to the official website of the Brazilian Securities Commission (CVM), the CVM officially established the Security Tokenization Working Group (GTT) on July 17, 2026, aiming to conduct research, testing, and regulatory framework development around Distributed Ledger Technology (DLT), covering aspects such as the registration, custody, trading, and clearing of securities.The initial operating period of the working group is 120 days, which can be extended by 30 days, gathering representatives from 14 departments within the CVM, and will invite government agencies, self-regulatory organizations, and market experts to participate. The first task is to submit an experimental regulatory framework proposal for security tokenization to the CVM committee within 60 days of its establishment. CVM Chairman Otto Lobo stated that tokenization is one of the most important structural changes in the capital market and requires equally innovative regulatory responses.

According to South Korean media KBS, the Financial Services Commission of South Korea has announced the results of virtual asset market regulation. Since the implementation of the "Virtual Asset User Protection Act" two years ago, approximately 40 investigations into unfair virtual asset trading have been completed, and more than 30 cases have been reported or notified to judicial authorities, focusing on cracking down on market disorder behaviors such as short-term manipulation and "pump and dump."In the future, the ability to monitor the market will be further strengthened, and an AI-based virtual asset regulatory system will be established, including real-time market monitoring, second-level price manipulation analysis, and automatic identification of suspicious accounts and trading intervals.

According to The Block, Uniswap governance will conduct two key on-chain votes from July 19 to 26. The first proposal aims to enable protocol fees for the v4 version liquidity pools for the first time, covering seven chains: Ethereum, Arbitrum, Base, BNB Chain, Polygon, Optimism, and Robinhood Chain, targeting three types of pools: static fee pools, pools initiated through continuous liquidation auctions, and aggregator hooks pools; proposals for the remaining five chains will be submitted later.The second proposal, submitted by Uniswap founder Hayden Adams, aims to extend the fee mechanism of v2 and v3 to Robinhood Chain. The fees generated from both proposals will enter the UNIfication burn mechanism. Last month, the Uniswap protocol set a record by burning 186,000 UNI in a single day.

According to a report by CCTV Finance, Wei Liang, Vice President of the China Academy of Information and Communications Technology, stated that the daily Token call volume in our country has surged from about 100 billion at the beginning of 2024 to 140 trillion by the end of March 2026, an increase of over a thousand times.Intelligent agents are giving rise to a brand new economic form, known as the "Token economy." Token, in Chinese, is called 词元, and it is an important unit for large models to process information and measure model invocation costs. Its growth rate is the most intuitive barometer of industrial development.In the era of intelligent agents, a single user command may trigger multiple rounds of model calls and resource consumption, directly driving an explosion in demand for artificial intelligence computing power. With the large-scale application of intelligent agents, a series of new models surrounding Token measurement, scheduling, pricing, and trading are beginning to take shape.

In response to the recent community controversy surrounding Base, crypto KOL Rune questioned on the X platform, stating that Cobie's goal in taking over the Base App is to promote on-chain transactions, but the current management of Base is continuously undermining user trust, leading users to believe that "trusting anything related to Base for more than 24 hours is a mistake." Under this culture, it is difficult to attract new users.In response, Cobie stated that he took over the Base App and related Coinbase trading products a few days ago, but he is not responsible for the Base chain. He acknowledged that Coinbase has long had a distance from users, especially native crypto users, and that Base and Coinbase have overdrawn a lot of user trust due to some avoidable mistakes. He hopes to listen more to the voices of on-chain users in the future and create products that users truly want to use.Subsequently, Rune responded again, stating that Coinbase's biggest problem is not just the alienation from users, but the long-term neglect and even harm to its own users. He indicated that currently over 10,000 Base users have suffered about 99% asset loss due to trusting the Base/Coinbase management, and the management's attitude towards related events has further exacerbated community dissatisfaction.Rune believes that Base has the infrastructure to become the best Layer2 in the crypto industry, but what is truly lacking is a leadership willing to take responsibility for users. He expressed hope that Cobie could change this situation, but emphasized that the current issues with Base are not just about damaged trust, but that community trust has almost completely eroded.

The founder of Slow Fog, Yu Xian, retweeted a tweet on the X platform regarding the potential poisoning attack risks of Claude Code and published an analysis of the poisoning attack details targeting Grok Build CLI and Claude Code CLI.It pointed out that the security mechanisms of Grok Build CLI are not unified, with different code paths having different trust assumptions, creating gaps that serve as channels for attackers. Attackers may execute arbitrary commands through malicious project configuration files without the user's knowledge, thereby stealing API keys, cloud credentials, or controlling local devices.Researchers constructed a testing environment and found that on Mac systems, if Claude Code is affected, executing specific test commands can trigger the local calculator to launch, proving the existence of potential command execution risks.If the attack is successful, attackers may further steal API keys from AI services like Claude and OpenAI, resulting in account cost losses, gain access to servers and data by obtaining cloud service credentials from AWS, Alibaba Cloud, Tencent Cloud, modify code repositories to implant backdoors, and use local devices as jump points to attack corporate internal networks. It is reported that the related vulnerabilities have existed for a year.

U.S. Congressman Bryan Steil expressed optimism on Fox News that the CLARITY Act is expected to pass in the Senate next week, emphasizing that the U.S. needs to establish a regulatory gold standard in the digital asset space. Bryan Steil currently serves as the Chairman of the House Administration Committee and also chairs the Subcommittee on Digital Assets, Financial Technology, and Inclusion within the Financial Services Committee.

The Financial Services Commission of South Korea responded positively to the recent controversies surrounding single-stock leveraged exchange-traded funds (ETFs) when it released supplementary regulatory measures. Byeon Je-ho, the Director of the Capital Markets Bureau of the Financial Services Commission, clearly stated that launching leveraged ETF products targeting single stocks such as Samsung Electronics and SK Hynix in the domestic market has indeed had a significant effect in locking in domestic investment demand and preventing capital outflow to overseas leveraged markets like Hong Kong or the United States.In response to external accusations that single-stock leveraged ETFs are the "main culprit" behind the recent increase in volatility in the South Korean stock market, the Financial Services Commission refuted this claim. Byeon Je-ho pointed out that the recent dramatic market fluctuations cannot be solely explained by leveraged ETFs, with the core reason being the alternating expectations of the global semiconductor industry cycle. Data shows that from May 26 to July 10, the annualized daily return volatility of U.S. SanDisk (131%), Micron (123%), and Japan's Kioxia (118%) was higher than that of South Korea's SK Hynix (113%) and Samsung Electronics (96%). Additionally, some investors' contrarian operations have played a role in stabilizing stock prices to some extent.Regarding the demands from some politicians and market participants to "forcefully delist single-stock leveraged ETFs," the Financial Services Commission clearly rejected this request. The official explanation stated that delisting must meet statutory termination criteria such as a sharp decline in market value or a lack of liquidity providers (LPs), and currently, the market is showing signs of heating up due to excessive demand, which does not meet the delisting conditions. The Financial Services Commission indicated that such calls should be understood as the market's urgent expectation for strengthened compliance and robust regulatory measures.

The National Development and Reform Commission officially released the "Action Plan for the Cooperative Development of Artificial Intelligence," aimed at building an open, shared, secure, orderly, and collaboratively governed global artificial intelligence ecosystem. The plan clearly outlines eight core actions, comprehensively promoting deep international cooperation in the AI field from multiple dimensions, including data, computing power, algorithms, talent, and governance. At the foundational level of data and computing power, the action plan emphasizes the need to promote cross-border data flow and build a trustworthy cross-border data space, collaboratively constructing a high-quality corpus; at the same time, it promotes the interconnection of intelligent computing facilities, providing inclusive intelligent computing services to developing countries, and creating low-carbon intelligent computing infrastructure driven by green energy.In terms of industrial empowerment and ecological sharing, the plan encourages the co-construction of an international open-source community for artificial intelligence, promoting the sharing of general large models, basic algorithms, and tool components, and supporting countries in conducting localized innovation based on open-source models. By deepening "Artificial Intelligence +" cooperation, it aims to build a cross-national industrial cooperation platform, promoting the deep application and empowerment of AI technology in fields such as science, manufacturing, healthcare, education, agriculture, and governance. In addition, the plan also proposes the establishment of a joint training mechanism for top digital talent, collaboratively formulating occupational standards and skill certification systems, comprehensively enhancing public literacy, and jointly addressing the structural impacts of AI on employment.Regarding industry rules and technical security, the action plan advocates for the co-construction of rules and standards and collaborative governance for security. All parties will strengthen information sharing on cybersecurity threats and emergency response cooperation, researching ways to enhance the explainability, transparency, and safety of artificial intelligence. Finally, the plan emphasizes adherence to the technological ethics principle of "AI for Good," collaboratively constructing an ethical guideline system dedicated to eliminating algorithmic biases in the forms of racism, discrimination, and others. By promoting international governance cooperation in AI research, it aims to contribute public scientific products to the Global South, effectively serving the United Nations' 2030 Sustainable Development Goals.

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.