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According to a report by The Paper, the Intermediate People's Court of Xilin Gol League in Inner Mongolia upheld the original verdict in the second trial of the case involving Ma for illegal business operations. This case is part of a series of cases where the Sifang payment platform provided funding and payment settlement for gambling platforms. Some defendants in this case were accused of receiving commissions or rebates in the form of virtual currencies such as USDT.It was found that from May 24, 2022, to October 18, 2023, Ma and four others illegally collected and paid funds through third-party payment accounts, and received USDT virtual currency and bank card payments through virtual wallets. They settled amounts exceeding 2.95 billion yuan through 105 merchants of 10 third-party payment companies.Ultimately, the court determined that Ma was guilty of illegal business operations, sentencing him to four years and six months in prison and imposing a fine of 3 million yuan. The five individuals who turned themselves in have been sentenced to prison terms ranging from 3 to 6 years for illegal business operations.

According to official news, the one-stop trading platform Dango team announced that due to various reasons, the project has no viable path to achieve sustained commercial success and has decided to shut down. The team emphasized user fund safety, withdrawal restrictions will be lifted in the short term, and advised users to close positions and withdraw funds as soon as possible, while reminding that current liquidity is expected to be thin, and caution should be taken regarding slippage risk.At 20:00 Beijing time on July 29 (12:00 UTC), Dango will stop trading, and remaining positions will be closed at oracle prices. DLP gold deposits will be unlocked, and all funds will be returned to users' spot accounts in the form of USDC.At 20:00 Beijing time on August 13 (12:00 UTC), the Dango L1 blockchain will cease operation. At that time, any deposits that have not been withdrawn will be refunded to the user's original Ethereum deposit address.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.316 billion, with long positions totaling $2.589 billion, accounting for 48.7% of the holdings, and short positions totaling $2.727 billion, accounting for 51.3%. The profit and loss for long positions is -$11.7 million, while the profit and loss for short positions is $46.2986 million.Among them, the whale address 0xb83d..36 has shorted ETH with a 5x leverage at a price of $1857.71, currently showing an unrealized profit and loss of -$96,200.

Coinbase is undergoing the largest executive reshuffle in recent years. Chief Talent Officer Lawrence Brock has stepped down and transitioned to an advisory role, while co-head of the institutional division Greg Tusar has moved to a policy position; previously, General Counsel Paul Grewal planned to leave, and Jesse Pollak has stepped down as head of the Base app. After laying off 14% of its workforce in May, Coinbase is accelerating its transformation into a comprehensive trading platform that includes stocks and prediction markets.

According to official news, the Robinhood Chain ecological token issuance platform Memecoin.Fun announced the completion of a $3.5 million strategic financing. This round of financing was completed through the USDG Token, led by Becker Ventures, with participation from BitValue Capital, Mason Labs, Negentropy Capital, and angel investor Billy Wen.The announcement stated that this round of financing will be used to accelerate the construction of core products and infrastructure, including the Robinhood Chain Launchpad infrastructure; cross-chain bridge function development, as well as the research and operation of the revolutionary Memecoin All-chain Platform.

Fang Xinghai, former member of the Party Committee and Vice Chairman of the China Securities Regulatory Commission, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.

According to CoinDesk, the European Union (EU) has expanded the scope of sanctions against Russia, targeting the A7 cross-border payment network and its newly established African affiliate, as well as the A7A5 stablecoin used to evade sanctions.The latest sanctions package expands the trading ban to 14 crypto-related platforms in countries such as Georgia, the UAE, and Panama, and introduces a tool that can be used to comprehensively prohibit crypto asset services used by Russia.In addition to digital asset measures, the EU has also implemented asset freezes and trading bans on 94 banks and major financial institutions, and expanded the trading ban to an additional 33 Russian credit and financial institutions.

At the 2026 Wiki Finance Expo, Bitget was awarded two industry awards for its innovative performance in the multi-asset trading market: "Global Outstanding All-Asset Innovation Platform" and "Asia's Leading Innovative Trading Platform."Currently, Bitget's CFD daily trading volume reaches 10 billion dollars. The platform has launched a zero-fee model for CFDs and continues to upgrade its CFD copy trading system, extending its mature cryptocurrency trading capabilities to a broader range of multi-asset scenarios.Bitget's Chief Analyst Lewis Huang stated that the next phase of the trading market will be driven by the deep integration of Web3 and traditional finance. Bitget will rely on the UEX architecture to continuously provide users with a more unified, flexible, and global cross-asset trading experience.

According to official news, Ripple announced the launch of Ripple Mint, a unified platform for institutional users to access, mint, redeem, and manage RLUSD.The platform provides both a user interface and application programming interface access, supporting institutional automation of stablecoin operations, integrating RLUSD into existing systems, and achieving cross-chain digital dollar liquidity management. Currently, this service is open to existing RLUSD users.

AI infrastructure chiplet platform company TYLsemi announced the completion of a $43 million early financing round, led by Matter Venture Partners, with participation from Viola Ventures, GHOVC, Egis Technology, and others. The company launched a standardized chiplet portfolio covering IO interconnect, power management, and memory, and offers chiplet-based custom XPU design and packaging, as well as integrated supply chain services, claiming to reduce the time and cost of custom AI chips from architecture to mass production by up to 50%.The first batch includes TYL.IO for high-bandwidth interconnects such as PCIe, ESUN, and UALink, the TYL.Power integrated voltage regulation chiplet aimed at XPU, and the planned memory connection product TYL.Mem, providing custom AI silicon solutions for leading customers through the TYL.Forge full-stack platform.

According to market data, the current on-chain total value of the tokenized stock market has approached 2 billion dollars, with over 471,000 on-chain holders. The report selected four assets—NVIDIA, Microsoft, Meta, and Tesla—that have effective two-way order books across various testing platforms for horizontal comparison.The research results show that Bitget rToken achieved optimal execution performance in both the $10,000 and $50,000 order tests, presenting the most balanced order book liquidity within a price range of ±50 basis points. Among them, the slippage for the $50,000 order was 58% lower than that of other tokenized stock products. This is mainly attributed to Bitget rToken's 1:1 alignment with the liquidity of traditional markets such as the NYSE and NASDAQ, providing more efficient execution for large transactions.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.449 billion, with long positions totaling $2.66 billion, accounting for 48.82% of the holdings, and short positions totaling $2.789 billion, accounting for 51.18%. The profit and loss for long positions is -$54.8743 million, and for short positions, it is -$19.7469 million.Among them, the whale address 0xb83d..36 has shorted ETH with 5x leverage at a price of $1857.6, currently showing an unrealized profit and loss of -$2.0524 million.

The Shanghai Branch of Industrial and Commercial Bank of China (ICBC) has collaborated with ICBC Singapore Branch to successfully implement the country's first cross-border payment business between China and Singapore based on the digital renminbi cross-border settlement comprehensive service platform "Digital Currency Express" (CBETS). This transaction, involving nearly ten million yuan in import shipping fees, was fully paid using digital renminbi, with funds arriving in the Singapore recipient's account on the same day, achieving "zero time difference" and "high transparency" in cross-border fund transfers. The service targets subsidiaries of central enterprise group trade platforms that regularly need to procure iron ore from abroad and pay for shipping fees, with high frequency and large amounts of cross-border settlements."Digital Currency Express" is a cross-border settlement infrastructure built by the International Operation Center of Digital Renminbi under the guidance of the People's Bank of China's Digital Currency Research Institute. Overseas participants can access services through the Hong Kong access point "One Point Access", compatible with both centralized and blockchain systems, and the message standards comply with ISO20022. On June 16, 2026, the first batch of 26 financial institutions signed direct participant service agreements. This business marks a significant breakthrough for ICBC in leveraging the infrastructure of the International Operation Center of Digital Renminbi to establish an integrated cross-border clearing system for domestic and foreign branches, achieving comprehensive coverage of two-way digital renminbi payment and receipt services with Singapore and Laos.

According to BBX data, yesterday and in recent days, global companies listed on the US stock market have disclosed the latest real announcements regarding digital asset transformation and ecological strategic investments. The core dynamics are as follows:Canton sells traditional business to fully transition to blockchain clearing: Canton Strategic Holdings, Inc. (NASDAQ: $ CNTN) officially announced that it has sold its biotechnology R&D department Gravitas Life Sciences, LLC to Gravitas Collective Corp. The transaction was completed on July 17, 2026. The company clearly stated that this divestiture is an important milestone in its transformation into an operating company, and in the future, it will support the Canton Network through Canton Coin and promote the on-chain digital transformation of traditional financial markets as a strategic investor.Empery Digital invests $20 million in cross-industry computing power electricity park: The US-listed company Empery Digital Inc. (NASDAQ: $ EMPD), which adopts a Bitcoin fund management strategy, announced that it has completed a $20 million preferred stock investment (holding approximately 8%) in Cardinal Data Power, Inc. (CDP) on July 20, 2026. CDP focuses on building electricity-driven data center parks, and this round of financing will support its construction of the first gigawatt-level data center park covering over 3,000 acres in West Texas (Phase I is planned to be operational in 2027, with a long-term plan exceeding 5GW) to meet the next generation of AI and computing power energy demands.