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According to Cointelegraph, the Securities and Exchange Commission (SEC) of Thailand has advanced its regulatory framework for locally listed spot Bitcoin and Ethereum ETFs from a principled proposal to the rule draft stage and is publicly soliciting opinions on this. The regulatory agency released two consultation documents on Monday, one containing the rule draft for Thailand's crypto ETFs, and the other proposing qualification principles for foreign digital asset custodians.In the initial phase, asset management companies can establish passive ETFs that track Bitcoin or Ethereum, which are the only qualified crypto assets. According to the proposed rules, Bitcoin and Ethereum ETFs will only trade on the Stock Exchange of Thailand (SET), with each ETF tracking a single crypto asset and required to maintain at least 80% net asset exposure to that asset within each accounting year. Mutual funds and private funds can also invest in Thailand's local crypto ETFs, as well as the foreign crypto ETFs they are permitted to invest in, but must comply with existing investment limits. However, in the initial phase, the regulatory agency does not allow alternative products linked to foreign crypto ETFs, including depositary receipts that track them.Regarding custody, the revised plan still primarily relies on domestic digital asset custodians as the main service providers in the initial phase, and the Thai SEC may allow the use of qualified foreign digital asset custodians when necessary. Foreign custodians must be supervised by a regulatory agency with legal authority and meet the regulatory and investor asset protection standards deemed sufficient by the Thai SEC. The deadline for public opinion collection on the two consultation documents is September 20.

DraftKings announced its Q2 2026 financial report, with revenue of $1.443 billion, a year-on-year decrease of 5%, mainly affected by customer-friendly sports outcomes and increased customer acquisition promotional spending; net loss of $67.61 million, compared to a net profit of $158 million in the same period last year; adjusted EBITDA was $115 million, down from $301 million in the same period last year. The sports consumer transaction volume reached $13.1 billion, a year-on-year increase of 15%, with monthly active paying users (MUP) of approximately 3.6 million, a year-on-year increase of 9%, and average revenue per monthly active paying user (ARPMUP) decreased by 13% to $132.CEO Jason Robins stated that the market business has exceeded expectations since its launch in December last year, with relevant customer metrics performing similarly to sports betting, showing strong user acquisition and retention, and the super app has been launched nationwide. The company maintains its guidance for full-year revenue of $6.5 to $6.9 billion and adjusted EBITDA of $700 to $900 million. DraftKings currently offers mobile sports betting services in 27 states and Washington D.C., and Puerto Rico, covering approximately 53% of the U.S. population, with iGaming available in 5 states. The Canadian market has covered Alberta and Ontario, accounting for about 51% of the Canadian population.

According to Reuters, citing four informed sources, the Trump administration is drafting a ban on the import of new models of optical modules for data centers from China. The Federal Communications Commission (FCC) is formulating this measure to prohibit the import of new models of optical modules that can transmit data through fiber optic cables within data centers, with officials hoping to release and implement it within this year. The ban aims to prevent Chinese companies from stealing data, implanting malware, or disrupting services at U.S. data centers.The ban may primarily affect Inspur (leading with a 27% share of the global data center optical module market), which was listed in June of this year on the Pentagon's list of companies involved in military activities. U.S. cloud providers (such as AWS) may be forced to turn to alternative suppliers like Coherent and Lumentum, raising costs. The FCC has previously imposed similar restrictions on Chinese drones, routers, robots, and inverters. The Chinese embassy in the U.S. stated that "it will take all necessary measures to respond to any actions that harm China's interests." The draft may still be modified or shelved.

The South African National Treasury and the South African Reserve Bank (SARB) have jointly released the "Draft Manual on Cross-Border Crypto Asset Activities," which is now open for public consultation, with a deadline of September 30, 2026.This manual is implemented in conjunction with the previously released "Draft Regulations on Capital Flow Management 2026," aiming to strengthen the regulation of cross-border financial activities and prevent the risks of illegal fund flows related to crypto assets.The manual specifies the triggers for cross-border crypto asset transactions—when crypto assets are transferred between authorized CASPs in South Africa and foreign CASPs, or when they are transferred from an authorized CASP in South Africa to a non-custodial wallet, this constitutes cross-border capital inflow or outflow and must be reported to the Financial Surveillance Department (FinSurv).It is noteworthy that, at this stage, individuals are only allowed to conduct outbound crypto asset operations through authorized CASPs within a single discretionary limit or foreign capital limit, and South African entities are currently not permitted to engage in related cross-border operations.Furthermore, the manual does not currently differentiate between different types of crypto assets, nor does it classify crypto assets as South Africa's official currency.

According to South Korean media Daum, the Financial Services Commission (FSC) of South Korea has announced that it has completed the draft of the "Digital Asset Framework Bill." Currently, only a few matters remain to be coordinated, and as the agenda for the second half of the year is determined by the South Korean National Assembly, efforts will be made to expedite the legislative process.It is reported that South Korea is considering including legal provisions related to AI Agent payments in the "Digital Asset Framework Bill" to address the trend of AI becoming a subject of small and high-frequency payments in the future. It is suggested to provide legal authorization for regulatory frameworks, including establishing customer identity verification (KYC) for AI Agent payments, defining payment responsibilities, foreign exchange declaration for cross-border transactions, and programmable payment standards.

According to TNW, the Cyberspace Administration of China has released a draft of regulations for combating cyberbullying and is seeking public feedback. The draft requires platforms to establish classifiers for detecting and categorizing online violence content, provide users with a "one-click protection" feature, and implement blacklist management and regular reporting mechanisms for violating accounts.Notably, the draft explicitly includes AI-generated deepfake images and synthetic harassment texts within the scope of regulation. The Q&A platform Zhihu has already responded by restricting the use of anonymous accounts.

According to Cryptopolitan, the Central Bank of Russia (CBR) has released a draft of regulatory rules for the cryptocurrency market, covering the registration and operational requirements for cryptocurrency exchanges, digital custodians, and token issuers. The draft stipulates that the minimum net assets for digital custodians must be between 50 million and 250 million rubles (approximately 600,000 to 3 million USD), with the specific amount depending on the nature of the business.These rules will complement the "Digital Currency and Digital Rights Law" passed by the State Duma of Russia earlier this month, which is expected to officially take effect on September 1, 2026. Under the new framework, non-qualified investors can only purchase mainstream assets such as BTC, ETH, and USDT up to a limit of 4,000 USD per year; industry participants will have a transition period until March 1, 2027, to complete compliance and approval procedures.

According to The Block, the Central Bank of Russia has released a regulatory draft for "organized trading" of digital assets and digital rights, aiming to set access and operational rules for cryptocurrency exchanges and digital custodians. The draft requires exchanges to determine trading processes through their own rulebooks and to calculate market prices and weighted average prices; it proposes the establishment of digital custodians responsible for bookkeeping, with registered capital ranging from 50 million to 250 million rubles, and must involve high liquidity and high credit quality assets.Electronic platform operators must also meet similar capital requirements and undertake the settlement functions of nominal accounts for digital financial assets. This draft has entered the regulatory impact assessment stage, connecting with the previously passed cryptocurrency market bill, and continues to provide a framework for compliant retail trading while prohibiting cryptocurrency payments within the country.

On July 22, Pennsylvania State Representative Tarik Khan introduced HB 2711, co-sponsored by 24 bipartisan legislators (20 Democrats and 4 Republicans), which has been submitted to the House Consumer Protection, Technology, and Utilities Committee. The bill aims to prohibit the provision of prediction market services to Pennsylvania residents while engaging in gambling activities in the regular business of liquidity providers or market makers, extending the restrictions to parent companies, subsidiaries, affiliates, and joint ventures, and prohibits prediction platforms from sharing revenue with gambling companies.This move could impact sports betting groups like DraftKings (which has acquired CFTC-registered Railbird Technologies and launched its own DKeX exchange) and Flutter, which are entering the prediction market-making field. The bill also sets a minimum age limit of 21, prohibits contracts involving high school sports, events with minor participation, and death markets, and requires platforms to establish anti-fraud and insider information abuse protection mechanisms.The bill does not establish a licensing system, and enforcement authority is granted to the state Attorney General. Previously, the Third Circuit Court of Appeals ruled 2:1 in April that the federal Commodity Exchange Act takes precedence over state gambling laws, but Pennsylvania has joined a coalition of 40 states advocating for sports contracts to be subject to state-level regulation.

According to Bitcoin News, the latest Senate draft of the CLARITY Act includes a provision that encourages ethical hackers, specifically "white hat" hackers, to responsibly disclose cybersecurity vulnerabilities. The proposal would authorize rewards for individuals who identify and report security flaws, aiming to enhance the protection of digital asset infrastructure before malicious actors exploit these vulnerabilities. This provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, who has long supported innovation in digital assets and market resilience.

U.S. Senator Cynthia Lummis released an updated draft of the CLARITY Act, which aims to require digital commodity exchanges, brokers, and dealers to segregate customer assets and prohibit the use of customer funds and assets as the platform's own property.The draft also aims to classify digital commodities held by the platform on behalf of customers as "customer property" in bankruptcy liquidation proceedings, reducing the risk of users being classified as general unsecured creditors.

Several individuals familiar with the discussions on the "Digital Asset Market Structure Act" have stated that U.S. lawmakers plan to release an updated version of the cryptocurrency market structure bill this week. The new text combines the provisions previously approved by the U.S. Senate Banking Committee and the Agriculture Committee, and was negotiated by the two committees on multiple terms.

The South African Revenue Service (SARS) recently released the "Draft Guidelines on Taxation of Crypto Assets," seeking public input on how South African tax residents should declare and handle income related to crypto assets, with a feedback deadline of August 31.The guidelines focus on the provisions in tax law that are most closely related to crypto assets and do not cover all applicable sections. Some provisions, although not explicitly mentioning crypto assets, are also applicable to related trading activities.The guidelines state that South Africa's income tax system is residency-based. With specific exceptions, South African tax residents must pay tax on their worldwide income, including income and capital gains from crypto assets listed on foreign exchanges; non-residents may also have tax obligations if their income source is South Africa or if the disposed assets meet the relevant provisions.

According to Hong Kong media Ming Pao, Hong Kong Legislative Council member Jan Wai-man revealed that the "2026 Taxation (Amendment) (Automatic Exchange of Information) Bill" was passed by the Legislative Council last week, and the Crypto Asset Reporting Framework (CARF) Bill has entered the review stage. Jan Wai-man stated that the tax and fines recovered by the Hong Kong government from 2018 to 2025 have exceeded 100 million Hong Kong dollars, and it is expected that an additional approximately 8,000 financial institutions will be required to register compulsorily in the future.

According to Caixin, the "People's Bank of China Law (Revised Draft)" was submitted for the first review at the 23rd meeting of the Standing Committee of the 14th National People's Congress on June 23, 2026. Among the new proposals, "clarifying the legal status of digital renminbi" is a new term. The 2020 consultation draft only mentioned that "renminbi includes both physical and digital forms." Previous consultation drafts also stipulated that no unit or individual may produce or sell token vouchers and digital tokens to replace renminbi in circulation in the market. The People's Bank of China shall order the cessation of illegal activities, destroy illegally produced and sold token vouchers and digital tokens, confiscate illegal gains, and impose fines of up to five times the illegal amount.

Kalshi CEO Tarek Mansour stated in an interview with Front Office Sports that he does not view Polymarket as a primary competitor, but is more concerned about the threats posed by CME Group, Robinhood, and sports betting operators. According to data from Bank of America analysts, Kalshi holds about 91% of the regulated prediction market share in the U.S., with approximately $1 billion of the $1.6 billion in open contracts in the industry, and has listed about 97% of active markets.In the past 30 days, Kalshi's trading volume was approximately $9.8 billion, close to Polymarket's $9.9 billion. CME launched FanDuel Predicts in partnership with FanDuel last December; Robinhood began shifting some contracts to its Rothera platform in collaboration with Susquehanna after building a prediction market based on the Kalshi exchange in 2025.Mansour called for Polymarket to be included in a regulatory framework, stating that insider trading cases on its offshore platform harm the entire industry. The CFTC released a 267-page rule proposal on June 10, intending to allow most sports contracts but prohibiting in-game betting and college pre-game sports, with a 45-day public comment period.

According to official news, Gate will launch the perpetual contract trading for ZM (Zoom Communications), DKNG (DraftKings), RIVN (Rivian), GME (GameStop), EWZ (iShares Brazil Index ETF), and EBAY (eBay) on June 10 at 17:00 (UTC+8), with USDT settlement and supporting 1-20x leverage.

OpenAI announced that it has recently submitted a confidential S-1 registration statement draft to the U.S. Securities and Exchange Commission (SEC). OpenAI stated that it expects this news may leak, so it chose to proactively disclose it. It has not yet decided on a specific listing time, which may still take some time, as some matters may be easier to complete as a private company.OpenAI stated that this is a complex balancing process, and submitting the confidential S-1 draft will reserve the option for the company to go public earlier, provided that going public is deemed the best choice in the future. The announcement also stated that the statement is issued under Section 135 of the revised Securities Act of 1933, does not constitute an offer to sell securities, nor does it constitute a solicitation of an offer to purchase any securities. Any issuance of securities, solicitation of purchase offers, or sales activities will be conducted in accordance with the registration requirements of the Securities Act.