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According to the Hong Kong Securities and Futures Commission, Victory Securities Limited has been reprimanded and fined HKD 1.7 million for violating regulatory requirements, and its responsible personnel's licenses have been temporarily revoked.Previously, Hong Kong Victory Securities announced in February this year that it would close all virtual currency trading functions for users with mainland Chinese identities, retaining only withdrawal permissions and no longer supporting deposits and new transactions. The platform's gradual tightening of services for mainland users includes previous measures such as prohibiting purchases and suspending new address verification, aimed at complying with the regulatory requirements of the Hong Kong Securities and Futures Commission and relevant policies in the mainland.

According to the Financial Times, after three years of combating cryptocurrency tax evasion, the UK's HM Revenue and Customs has recovered over £8 million in taxes by reaching settlements with hundreds of cryptocurrency investors. Data obtained through a Freedom of Information Act request shows that in the past two years, 502 crypto investors reached disclosure settlement agreements with HMRC regarding unpaid taxes. In the 2024/25 tax year, a total of 280 individuals settled with HMRC, paying a total of £3.5 million. In the 2025/26 tax year, the number of settlements decreased to 222, but the total amount increased to approximately £4.8 million.

Social Capital founder Chamath Palihapitiya stated on the X platform that the current cryptocurrency market, especially Bitcoin bulls, is facing two major issues: first, marginal liquidity is more inclined to flow into prediction markets and stock markets; second, the marginal energy used for Bitcoin mining, if reallocated to serve AI token-related demands, could be valued 10 to 20 times higher. Chamath noted that these changes appear to be structural, but there is also a possibility of misjudgment.In response, Coinbase CEO Brian Armstrong said that the first point "seems more like a temporary phenomenon," while the second point may be more enduring. However, the computing power or energy flow used for Bitcoin mining does not directly determine Bitcoin prices, as the network difficulty will automatically adjust to maintain the same block production pace when miners exit. He also stated that, in the long run, Bitcoin prices reflect more of people's concerns about inflation, and there are no signs that the trend of democratic governments around the world continuing to expand fiscal deficits is coming to an end.

According to South Korea's Chosun Ilbo, the National Tax Service of South Korea is accelerating preparations for the taxation of virtual assets by 2027, including the establishment of a new Digital Asset Comprehensive Division and the promotion of the construction of a comprehensive analysis system for virtual assets. However, the National Assembly has not yet scheduled the discussion on the petition signed by 50,000 people to abolish the virtual asset tax, and discussions have stalled.Under the current tax system, investment income from virtual assets is taxed at 22% after a deduction of 2.5 million won, while stock investors do not pay capital gains tax when buying and selling stocks on the exchange, and losses from virtual assets cannot be carried over to the next year, which has been criticized as unfair. Related discussions are expected to advance after the government's tax reform plan is announced at the end of July.

According to a community alert released by Blockaid, the old governance proposals (#14 and #15) of BarnBridge Smart Yield have token authorization risks. If maliciously executed or upgraded, they may jeopardize existing token authorizations. It has not yet been confirmed that any funds have been withdrawn, but users are advised to check and revoke relevant authorizations on Ethereum as soon as possible.Proposal #14 is in an executable grace period, while proposal #15 is queued, with an expected on-chain execution time of July 16 at 09:23:58 UTC. The affected tokens include USDC, DAI, USDT, GUSD, and RAI, and the relevant contract addresses have been publicly disclosed. Blockaid reminds users to use trusted authorization management tools, not to trust links in replies or accounts claiming to be "support," and not to send funds or sign transfers to any address, only revoke authorizations through trusted tools.

According to CoinDesk, the Bolivian government is evaluating the inclusion of the Tether stablecoin USDT into the national payment system, allowing it to circulate alongside the boliviano and the US dollar as a regulated option. Minister of Economy José Gabriel Espinoza stated that authorities are developing a framework for banks, digital wallets, and payment institutions, and the proposal is still in the technical review stage, with USDT not yet granted legal tender status or implementation details announced.Since the central bank lifted restrictions on cryptocurrency trading in mid-2024, local cryptocurrency trading volume has surged to $430 million within a year, with overall trading volume increasing by about 630%. Against the backdrop of US dollar scarcity and the shift to a floating exchange rate this year, demand for crypto assets among businesses and residents has risen. Officials stated that if the proposal is implemented, it will strengthen anti-money laundering regulations, as Bolivia remains on the gray list of the Financial Action Task Force.

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.

Analyst Darkfost pointed out that since October 2025, the total market value of global Bitcoin treasury companies has shrunk from $396 billion to $272 billion, evaporating over $100 billion. During the same period, the total amount of Bitcoin held by these companies increased from 953,000 to 1.14 million—this decline in market value is entirely driven by the drop in coin price, rather than selling off.However, it is worth noting that since Bitcoin entered a significantly undervalued range in May of this year, the pace of accumulation has sharply slowed, nearly coming to a standstill. The most intensive buying period for these companies was concentrated between November 2024 and October 2025, with the holdings tripling in less than a year, and the buying price range was approximately $75,000 to $125,000—right in the historical high price range of Bitcoin.The current question is: since these companies have built up significant positions in the top range, will they sell at lower levels? Strategy has recently taken the lead in selling Bitcoin; will this behavior be emulated by other treasury companies, becoming a new source of selling pressure in the market? With the current total holding of 1.14 million coins, if more companies are forced to reduce their positions in a sluggish market to alleviate financial pressure, it could pose additional downside risks to Bitcoin prices.

According to Decrypt, the AI-driven decentralized finance infrastructure project TrueDAO announced the completion of a $10 million strategic financing round, led by Brevan Howard Digital, with participation from Zee Prime Capital and Jump Capital.The funds raised will primarily be used for the development of core AI protocols, the construction of AI risk control systems, security audits, compliance work, and the expansion of ecosystem partnerships. After the financing is completed, TrueDAO will advance the launch of the testnet, developer tools, and ecosystem integration plans.

According to Reuters, the Reserve Bank of India reiterated its call for a "tendency to ban" cryptocurrency policies, while the country's tax department warned that transactions conducted through offshore exchanges are difficult to trace. These documents reveal that, although the government has not yet implemented policies to ban or regulate cryptocurrency, major government agencies in India tend to favor stricter restrictions on virtual digital assets.Since a court ruling in 2018 declared the Reserve Bank of India's (RBI) policy effectively banning cryptocurrency invalid, India has allowed cryptocurrency to remain in a gray area. Legislation drafted in 2021 aimed at banning private cryptocurrencies was never submitted for parliamentary consideration, and a discussion paper on the topic has also been postponed multiple times. The government has delayed the implementation of a formal virtual asset policy, stating that any plan should balance innovation and risk management while protecting monetary sovereignty, financial stability, and preventing consumer losses.

According to a report by The Information, multiple informed sources revealed that China's leading AI company Zhiyu is considering designing its own AI chips. It is reported that as the demand for its GLM series large models has rapidly surged, coupled with increasing constraints on computing resources, Zhiyu has recently had preliminary contacts with several domestic chip design companies to explore the possibility of collaborating on the development of custom AI processors.The report pointed out that for large AI model developers, the layout of self-developed chips aims to achieve software and hardware collaborative optimization, improve computing power utilization efficiency, and reduce dependence on external GPU suppliers. In addition to Zhiyu, another domestic large model company, DeepSeek, has also been reported to be simultaneously advancing its self-developed chip project focused on inference scenarios. Globally, top AI developers such as OpenAI (which has announced its self-developed chip Jalapeño) and Anthropic are actively laying out custom chips, and the AI industry is accelerating towards a dual-line layout phase of "model + chip" software and hardware integration.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Wimbledon WTA: Jessica Pegula vs. Eva Jovic," the "over" option for the sub-market "Wimbledon WTA: Jessica Pegula vs. Eva Jovic total games greater than 21.5" has experienced a dramatic fluctuation in winning probability, soaring from 51% an hour ago to the current 76% (a fluctuation of 25%). Please note the impact of related breaking news.

Cryptocurrency analyst Darkfost published an on-chain indicator interpretation on the X platform, analyzing the current profit and loss structure of Bitcoin positions in the market through the core economic indicator TMM (True Market Mean) and the AVIV ratio. The TMM indicator excludes long-term untransferred and partially permanently lost dormant Bitcoins, only accounting for the average holding cost of actively traded chips in the market, with the current value around $76,700. This level has become a significant price resistance, as during the May market, when the price reached this point, many investors exited to break even.The accompanying AVIV (Active Value / Investor Value) ratio currently hovers around 0.8, within the valuation discount range, indicating that the average floating loss for all active BTC investors is 20%. Historically, at the bottom of bear markets, this indicator has dropped to 0.5 to 0.6, corresponding to investor losses of 40%-50%. The current loss magnitude has not yet reached extreme bear market levels.The analyst also pointed out that even with a large influx of institutional funds and Bitcoin ETFs injecting massive liquidity in this cycle, Bitcoin still follows its own cyclical patterns. In the short term, there is no need to wait for the indicators to drop to historically extreme low levels before a rebound occurs, but it is necessary to acknowledge the current pressured environment of widespread losses among market participants.

SK Hynix evaporated $160 billion in market value in a single day (approximately 1 trillion RMB), with its total market value falling below the $1 trillion mark, while Bitcoin saw a slight rebound today. According to 8MarketCap data, Bitcoin's market value has returned to above $1.2 trillion, with a 24-hour increase of 2.41%, rising to the 16th position in the global asset market value ranking, surpassing storage giants such as Samsung, Micron, and SK Hynix.

According to the official announcement, Gate has optimized and upgraded the VIP level evaluation rules. Starting today, Polymarket trading volume and asset holdings will officially be included in the VIP level evaluation system. This adjustment further broadens the VIP upgrade path, allowing Polymarket trading users to fully enjoy the level growth and exclusive rights brought by trading activities and asset holdings.It is reported that Gate continues to improve the VIP exclusive rights ecosystem, creating a high-end service system around multiple dimensions such as trading, wealth management, and lifestyle. Recently, the platform has successively launched VIP exclusive airdrop activities for whiskey, gold jewelry, and more, as well as providing exclusive financial products, higher-level income rights, and diversified benefits such as sports event viewing and invitations to offline activities.Gate will continue to organize VIP users to watch events at Inter Milan and F1 venues, experiencing exclusive hospitality and the atmosphere of top-tier events, creating a richer exclusive experience for high-level users.

According to the official announcement, Bitget has launched the U-based EVAA perpetual contract, supporting up to 50 times leverage, and the contract trading bot will be opened simultaneously.

According to The Wall Street Journal, blockchain public chain data analysis shows that Iranian entities have completed over $3.84 billion in transactions through the cryptocurrency exchange CoinEx to evade U.S. economic sanctions.Investigators have traced funds associated with two digital wallets controlled by the Central Bank of Iran, which are linked to the $1.5 billion stolen by North Korean hackers from the Bybit exchange. After flowing through a complex multi-layer transaction path, the related funds ultimately entered CoinEx, making it one of the core channels for Iran to bypass the sanctions system using cryptocurrency.

On Wednesday, the U.S. House Financial Services Committee held a hearing to discuss the changing roles of banks and fintech companies, with one focus being the "streamlined master account" proposal that the Federal Reserve is considering, which would allow certain crypto banks and fintech companies limited direct access to the Federal Reserve's payment system. A Federal Reserve master account allows financial institutions to directly use the Federal Reserve payment network and gain the most direct access to the U.S. dollar monetary system. Institutions without this account typically need to rely on partner banks that have master accounts to provide services.The so-called "streamlined account" is a limited-function version intended to provide limited access for new financial institutions. Republican Congressman Dan Meuser stated at the hearing that access to the Federal Reserve payment system is no small matter, and the core issue is which institutions should be allowed to directly use these critical payment channels. Traditional institutions like community banks are concerned that crypto and fintech companies are not subject to equally stringent regulation, and direct access could pose risks to security and stability. The crypto industry generally supports the proposal, arguing that direct access to the Federal Reserve payment system should have been opened long ago, as it would help reduce reliance on intermediary banks and promote innovation.In May of this year, Trump also signed an executive order requiring the Federal Reserve to assess policies for opening central bank payment channels to fintech companies, including crypto companies. Previously, the Kansas City Federal Reserve had approved Kraken's parent company Payward for a "limited purpose account" in March, sparking discussions in the market about the extent to which crypto and fintech companies should have direct access to Federal Reserve services. A representative from Anchorage Digital stated at the hearing that if the U.S. wants to continue as a global financial center, it needs to allow for innovative federal and state regulatory frameworks.