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The White House Crypto Council states that the CLARITY Act faces a crucial week, with the industry focusing on the U.S. crypto regulatory process

Crypto journalist Eleanor Terrett posted on the X platform that Patrick Witt, the Executive Director of the White House Cryptocurrency Council, stated that this week will be a "critical week" in the advancement of the U.S. CLARITY Act. As the crypto industry prepares to commemorate the one-year anniversary of the GENIUS Act officially becoming law, the construction of the U.S. digital asset regulatory framework has once again become a focal point for the market.Patrick Witt mentioned that the current U.S. crypto policy is at an important stage, and the advancement of the CLARITY Act will have significant implications for the market structure of digital assets, the division of regulatory responsibilities, and the future development direction of the industry.Previously, the CLARITY Act was regarded as one of the important legislations for establishing comprehensive regulatory rules for the U.S. crypto market, aiming to clarify the classification of digital assets, the authority of regulatory agencies, and the compliance requirements for market participants.Market participants believe that if the bill makes substantial progress, it could further enhance regulatory certainty for the U.S. crypto industry and impact the future strategies of exchanges, stablecoin issuers, and blockchain companies.

Ministry of Industry and Information Technology and three other departments: Strengthen the planning of internet technology innovation, promote the implementation of relevant national key research and development programs and major national science and technology projects

According to a report by Jinshi Data on July 13, the Ministry of Industry and Information Technology and three other departments issued guidance on promoting the high-quality development of internet infrastructure resources. It mentioned strengthening the planning of internet technology innovation, promoting the implementation of relevant national key research and development programs and major national science and technology projects, enhancing original technology innovation, and carrying out technical research on the integration of artificial intelligence, blockchain, distributed identifiers and internet infrastructure resources, breaking through key technologies such as network dynamic optimization, intelligent resource scheduling, and data security interaction. Strengthening the innovation of the IPv6 technology system to solve key issues such as protocol compatibility and high-performance transmission. Breaking through key technologies for satellite internet mega-constellation networking, rapid routing switching, and reliable anti-jamming transmission. Breaking through key technologies for the large-scale deployment and application of resource public key infrastructure.

Robinhood Chain has been online for a week, with DEX trading volume exceeding 1 billion USD, ranking among the top five in the industry

According to a report by Decrypt, Robinhood Chain quickly became one of the most active public chains in the crypto market just one week after its launch.Official data shows that Robinhood Chain processed over 17 million transactions in its first week, with nearly 350,000 active addresses and a protocol TVL of approximately $250 million. The cumulative trading volume on the DEX surpassed $1 billion. On Wednesday, the single-day trading volume reached $568 million, with a 24-hour DEX trading volume of about $433 million, surpassing Hyperliquid and ranking fifth in the entire network.Driven by the explosive growth of the ecosystem, Meme coins on Robinhood Chain performed strongly, with Cash Cat's market capitalization exceeding $180 million, and tokens like Dog In Hood, Hoodrat, and Robinhood Summer seeing increases of several times or even dozens of times. Reports indicate that some traders turned $800 into over $1 million, while another user increased $85 to $2 million.As the underlying technology provider for Robinhood Chain, Arbitrum (ARB) has benefited significantly, with ARB rising about 20% on the day. According to the mechanism, Robinhood Chain will return 10% of the protocol's net income to the Arbitrum ecosystem.However, the report points out that currently, the activity of Robinhood Chain is still mainly driven by Meme coins, and whether it can smoothly transition to RWA and other application scenarios planned by Robinhood in the long term remains to be seen.

Myanmar's electric fraud AI industrialization exposed: Starlink becomes a key infrastructure, with encrypted payments and OpenAI/Google models included in the toolchain

According to a report from Hongxing News, an investigation report leaked from a scam park in Myanmar shows that global telecom fraud is accelerating towards an "AI industrialization + cross-border encrypted payment" system. The scam network completes fund circulation through cryptocurrency and uses automated tools based on large models for multi-language script generation, identity disguise, and emotional manipulation.According to the investigation analysis, these systems extensively utilize OpenAI's ChatGPT and Google's Gemini at the functional level to support "scaled social fraud." The funding side achieves rapid laundering and transfer through on-chain payments and cross-border channels, forming a dual structure of "AI customer acquisition + encrypted settlement," which gives the fraud industry a high degree of automation and transnational diffusion capability. In addition, Starlink, owned by Musk, has become the number one network service provider for the scam park in Myanmar, with American ISP providers carrying nearly one-fifth of the park's traffic.In response to the related accusations, OpenAI stated that the behavior of scammers using ChatGPT is highly similar to that of ordinary users, making identification difficult. However, they have banned about 100,000 suspicious accounts monthly through behavioral pattern recognition and risk control systems. Google stated that its AI models have safety barriers in place and emphasized its commitment to "responsible AI development" to limit the tools' use for fraud and other illegal purposes.
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