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Russian President Putin signs laws regulating digital currencies and digital rights

According to a report by China News Service, Russian President Putin signed a law on the 4th to comprehensively regulate digital currencies and digital rights in Russia. Relevant documents have been published on the Russian legal information website. The law clarifies the operational rules for cryptocurrency exchange platforms, digital asset custodians, and other market participants, and regulates the conditions under which investors can purchase cryptocurrencies.The law regulates relationships related to the circulation, accounting, and storage of digital currencies and foreign digital tools, as well as activities related to "mining," and the issuance and circulation of digital rights. It also stipulates the regulation of the business operations of information system operators for issuing digital financial assets, cryptocurrency exchange institutions, digital asset custodians, brokers, asset management companies, trading organizers, and clearing institutions. According to this law, Russian citizens can legally invest in cryptocurrencies through exchanges within Russia and use services provided by brokers, trust managers, asset management companies, and cryptocurrency exchange institutions when conducting cryptocurrency transactions and related operations.The registration and custody of cryptocurrencies will be the responsibility of relevant digital custodians approved by the Central Bank of Russia, and market participants must comply with strict information security requirements. The Central Bank of Russia will also establish a registration list for cryptocurrency exchange institutions, which will include credit institutions and brokers under a filing system for management. This law will officially take effect on September 1, but some provisions will be implemented on July 1, 2027, or September 1, 2027.

The Ethereum Foundation provides security funding to WEBCAT to assist in wallet verification front-end code to prevent phishing attacks

According to official news, the Ethereum Foundation's "Trillion Dollar Security" (1TS) has announced a special grant to the Freedom of the Press Foundation (FPF) to support the ongoing development of the open-source tool WEBCAT, aimed at addressing the long-standing front-end code verification security gap in Ethereum wallets and decentralized applications (DApps).WEBCAT (Web-based Code Assurance and Transparency) is an open-source tool designed to help browsers verify whether the code loaded by a website matches the version publicly released by the developer.This funding will promote the expansion of WEBCAT to Ethereum wallets and application scenarios, enabling users to verify whether the front-end pages they access have been tampered with.The Ethereum Foundation stated that while HTTPS can verify the website a user is connected to and encrypt communication, it cannot prove that the front-end code actually running on the website is the same version released by the developer. If an attacker controls the website's front-end code, they may modify the transaction receiving address without the user's knowledge or induce the user to sign transactions that do not match the content displayed on the page.The Ethereum Foundation noted that front-end attacks have become a significant security risk for blockchain infrastructure, with malicious modifications to web interfaces potentially leading to supply chain attacks, DNS hijacking subsequent attacks, and user interface deception.WEBCAT was initially developed by the Freedom of the Press Foundation to enhance the code credibility of secure communication systems like SecureDrop.With this expansion into the Ethereum ecosystem, it will complement security measures such as "Clear Signing" in the 1TS program: the former helps wallets confirm that the application front-end has not been tampered with, while the latter helps users understand the transaction content they are approving.

hot_img The Dark Side of the Moon launches a $50 billion Pre-IPO round of financing, with the quota "suddenly in short supply" after K3 is released

According to exclusive reports from the Science and Technology Innovation Board Daily, Moonshot AI's G round (Pre-IPO) financing has officially started, with this round's valuation reaching $50 billion. Insiders revealed that the financing amount became "suddenly tight" after the release of the K3 model, and multiple institutions have registered their investment intentions. Participants must complete their payments by August 15, and if they want to directly enter the shareholder register, their management scale must exceed $500 million. The company's previous F round financing (valuation of $35 billion) was just completed last week, raising a total of $3.5 billion. In April of this year, the company's valuation was approximately $18 billion, nearly tripling within three months.Sources say that the core driver behind this round's valuation surge is the release of the K3 model. On July 27, Moonshot AI officially open-sourced the complete model weights of Kimi K3, becoming the world's first large model with 30 trillion parameters to be implemented. Currently, the company's API revenue accounts for more than 70% of total revenue, with ARR achieving several times growth after the K3 release. In response to recent reports stating "the IPO application will be submitted to the Hong Kong Stock Exchange as early as this month," insiders stated that "the information is inaccurate, and the G round financing is still ongoing." As of the time of publication, Moonshot AI has not responded to this news.

hot_img In July, quantitative private equity faced widespread drawdowns, with multiple products from Huansquare dropping over 20% in a single month. Institutions assess that AI has entered the "second half."

According to the Daily Economic News, the July quantitative private equity industry experienced a systemic drawdown, with several institutional products seeing a monthly net value decline of over 20%, turning year-to-date returns from positive to negative. Specifically, among the 9 displayed products under Huansquare Quantitative, 8 have recorded negative returns year-to-date, with all monthly declines in July exceeding 20%, and the maximum drawdown reaching 22.15%; among the 14 products displayed by Mingcong Investment, 9 have recorded negative returns year-to-date; in Jiukun Investment's 15 products, 14 still have positive returns year-to-date, but the monthly drawdown is also significant. In contrast, Yanfeng Investment has shown relatively stable performance.Regarding this drawdown, multiple institutions believe that this round of adjustment is more due to emotions and trading structures rather than the end of the AI industry trend. Freshwater Spring Investment pointed out that AI is still rapidly developing in terms of model capability enhancement, cost reduction, and the diffusion of application scenarios. Referencing experiences from the internet era, it is normal for there to be fluctuations during the advancement of technological waves. Institutions believe that AI investment is gradually transitioning from the previous focus on computing power infrastructure in the "first half" to "intelligent equity" in the "second half"—that is, a phase where the cost of intelligent usage continues to decline and application scenarios are accelerated in unlocking, providing opportunities for supply chain companies that can offer cost-effective solutions for leading model companies and large cloud vendors.
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