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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.

According to monitoring by Catcher Predict, in the event "LoL JD Gaming vs Anyone's Legend LPL Group Stage" on the prediction market Polymarket, the "Yes" option for the sub-market "Both Teams Destroying the Inhibitor" experienced a dramatic fluctuation in win rate, soaring from 28% an hour ago to the current 50% (a fluctuation of 22%). Please note the impact of relevant breaking news.

According to The Block, Movement's original core development company Movement Labs (MVMT) applied for Chapter 11 bankruptcy protection in a bankruptcy court in Delaware, USA, earlier this month.According to documents submitted on July 15, the company reported assets between $100,000 and $500,000, with liabilities reaching up to $10 million, listing nearly 299 creditors, among which the largest unsecured claim is over $1.6 million from the ousted co-founder Rushikesh Manche. Manche retains a 34.25% equity stake and has previously filed a lawsuit regarding legal fees related to the Department of Justice grand jury investigation into the MOVE token issuance scandal, which was supported.The company was the core developer of the Ethereum Layer 2 network Movement Network and completed a $38 million Series A financing led by Polychain. In December 2024, the MOVE token issuance crisis was triggered by a market maker sell-off, leading to Manche's dismissal after an internal investigation, and core development work has since been transferred to Move Industries.

According to The Block, Solana blockchain infrastructure developer Jito Labs announced the launch of JTX, a self-custodial on-chain trading platform aimed at professional traders, designed to provide specialized trading tools that offer a trading experience closer to traditional finance for the Solana ecosystem.In its initial launch, JTX supports spot trading, covering Solana ecosystem assets, including cbBTC, SOL, HYPE, and various Meme coins, while also supporting tokenized real-world assets (RWA), including stocks and exchange-traded funds (ETFs).Jito stated that JTX is committed to resolving the contradiction between self-custodial models and trading execution efficiency, providing users with professional-grade trading features, including limit orders, automated execution, and conditional orders. Users always retain control of their private keys, and trade settlements are completed directly on-chain without relying on centralized custodial institutions.

FTX announced that the fifth round of bankruptcy distributions will begin on July 31, distributing approximately $900 million to eligible creditors. Only claim holders of categories 5A, 5B, 6A, 6B, and category 7 who complete claim verification, KYC verification, tax form submission, and sanctions screening by the deadline of June 16, and successfully onboard with BitGo, Kraken, or Payoneer, are eligible for the distribution. Funds will be credited within one to three business days starting from July 31.Currently, creditors from 45 jurisdictions are excluded due to the lack of available distribution service providers, including China, Russia, Ukraine, Cuba, Iran, and others. FTX stated that the coverage of service providers may change, but even if it opens in the future, payments on July 31 cannot be retroactively applied. FTX warned that creditors who do not successfully complete onboarding within six months from July 31 may lose their right to the distribution for that claim.As of now, the cumulative distribution ratios announced by FTX are 105% for categories 5A and 5B, 103% for categories 6A and 6B, and 120% for category 7, but these percentages are based on the claim amounts approved by the court rather than the current market value.

According to Jinshi News, Capital Economics stated that the yield spread between the 10-year and 2-year U.S. Treasury bonds will further narrow in the coming months, and the ongoing escalation of tensions in the Strait of Hormuz may lead to a complete inversion of the yield curve. The reason for this difference is that the expected rise in short-term real interest rates exceeds that of long-term real interest rates, with the Federal Reserve expected to raise interest rates by 75 basis points over the next year.

According to South Korean media KBS, the Financial Services Commission of South Korea has announced the results of virtual asset market regulation. Since the implementation of the "Virtual Asset User Protection Act" two years ago, approximately 40 investigations into unfair virtual asset trading have been completed, and more than 30 cases have been reported or notified to judicial authorities, focusing on cracking down on market disorder behaviors such as short-term manipulation and "pump and dump."In the future, the ability to monitor the market will be further strengthened, and an AI-based virtual asset regulatory system will be established, including real-time market monitoring, second-level price manipulation analysis, and automatic identification of suspicious accounts and trading intervals.

FTX Recovery Trust and FTX announced that the next round of fund distribution will start on July 31, allocating approximately $900 million to convenience and non-convenience claimants in the restructuring plan. Eligible creditors can receive funds through BitGo, Kraken, or Payoneer accounts within 1 to 3 business days.This round of distribution is the fifth round of repayments to creditors by FTX. According to the FTX restructuring plan, convenience claims under $50,000 will receive 120% repayment, while other claims will receive distributions of 103% to 105%. Since FTX filed for bankruptcy in November 2022, FTX Recovery Trust has distributed approximately $10 billion. Former FTX CEO Sam "SBF" Bankman-Fried was sentenced to 25 years in prison in 2024, and his conviction and sentencing appeal were dismissed last month.

According to Arkham monitoring, the U.S. government will transfer $250,000 worth of SHIB confiscated from FTX and Alameda to a government wallet, which is expected to be used to repay FTX creditors.

According to official news, Jito announced the governance proposal JIP-38, which aims to formally establish Jito as a token-centric network. According to the proposal, 100% of the revenue share from JTX to Jito DAO will be used for the programmatic buyback and burn of JTO, continuing for at least 1 year since the launch of JTX.

According to token unlocking data from the crypto asset data platform RootData, Kaito (KAITO) will unlock approximately 12.11 million tokens at 12:00 PM Beijing time on July 20, worth about 8.1 million USD.

According to local media reports in Thailand, Thailand will require individuals to verify the source of funds when depositing more than 5 million Thai Baht (approximately 150,000 USD) in cash. This intervention expands the compliance responsibilities of commercial banks regarding cash networks, large currency exchanges, precious metal transactions, and suspicious stablecoin transactions, directly preventing regulated entities from fostering systemic corruption or a shadow economy.In addition, the Bank of Thailand and the Securities and Exchange Commission (SEC) have jointly conducted audits focusing on Tether (USDT) to identify and prevent illegal fund flows. This crackdown also includes strengthening controls over precious metal transactions, requiring banks to report suspicious patterns, such as rapid digital purchases and same-day physical withdrawals, to combat money laundering activities.

According to Bits.media, a new draft bill submitted by the Russian government aims to grant the Financial Supervisory Authority the power to monitor all cryptocurrency transactions. For cryptocurrency transactions exceeding 60,000 rubles and foreign trade cryptocurrency transactions exceeding 1,000,000 rubles, the agency will collect complete information such as the full names or corporate names of the payer and payee, wallet addresses, actual addresses, birth dates, and taxpayer identification numbers. Transactions below 60,000 rubles only require the provision of names and wallet addresses.The bill also stipulates that the new limit for digital asset transactions by banks is 1% of the bank group's capital, and banks must hold corresponding funds to cover risks for the purchased cryptocurrencies. The central bank will be authorized to restrict or prohibit specific cryptocurrency operations when they threaten investor interests or may "undermine the stability of the financial system," with the scope extending from non-bank financial institutions to banks. The bill is expected to take effect simultaneously with the main cryptocurrency regulatory legislation, originally scheduled for implementation on July 1, but the review has been postponed. The first deputy governor recently stated that the relevant laws may take effect on September 1.

According to the Economic Times, the physical AI startup Mowito has completed a $3 million Pre-Seed round of financing, led by Version One Ventures, with participation from All In Capital, Unisol, and iSeed. AI researcher Soumith Chintala and founders from Foundry Robotics, Coformer.ai, Better Capital, and others participated as angel investors.Mowito was founded in 2024 by Puru Rastogi, Adityanag Nagesh, and Safar V. It builds AI foundational models for industrial robotic arms, addressing the bottleneck of software programming in manufacturing automation by allowing robots to learn tasks through human demonstration rather than explicit programming—engineers do not need to rewrite control code when product lines change. Mowito's software can run on standard, unmodified industrial robots, serving automotive and electronics manufacturing clients. This round of financing will be used for expansion into the U.S. market, expanding engineering and marketing teams, and deepening deployment in manufacturing sites.

On Wednesday, the South Korean Ministry of Finance stated that Finance Minister Kim Yun-seok agreed to closely monitor risk factors that may exacerbate stock market volatility after meeting with the central bank governor and heads of financial regulatory agencies. The Ministry noted that the increase in stock market volatility is due to profit-taking by foreign and institutional investors, portfolio rebalancing, and changes in global AI sector expectations.According to Gate market data, during the early trading session today, the South Korean KOSPI index fell by as much as 4%, reaching its lowest level since May 20, before turning upward driven by a rebound in chip stocks. The Ministry pointed out that the increased concentration in the semiconductor industry has become a factor exacerbating financial market volatility.

According to Coinglass data, on July 03 at 21:04, 40.5392 million USDT was monitored being transferred from Binance to an unknown wallet.

According to CertiK monitoring, the decentralized privacy protocol Hinkal Protocol has experienced suspicious transactions. The address (0xbB3...fc20) executed multiple "Transact" transactions after initiating a "Proofless Deposit," withdrawing approximately 800,000 USDC from the Hinkal contract.

SlowMist issued a security alert, detecting a coordinated malicious npm supply chain attack. The attackers utilized fake trading bot repositories and DeFi-themed npm packages to deploy JavaScript information stealers, targeting npm users, DeFi developers, and trading bot users.This attack involved 30 malicious npm packages, among which stake-math@3.5.4 appeared as a locked dependency in the donoaccestag/forex-mt5-trading-bot repository. This repository presented approximately 2300 highly homogeneous bulk-generated forks, mostly concentrated under the poly-stocks account, with signals being exceptionally clear. The sensitive data that attackers could steal is extensive, including cryptocurrency wallet libraries, browser cookies and saved passwords, browsing history, developer credentials, shell history, password manager libraries, private keys, mnemonic phrases, and API tokens exposed in source code.SlowMist recommends that developers immediately remove the affected npm packages, audit package.json and package-lock.json, and check CI logs for any of the 30 malicious packages; consider any system that has executed npm install as potentially compromised, rotate all exposed wallets, private keys, npm tokens, cloud credentials, SSH keys, and API tokens, and rebuild the affected environment from a clean image.

NextGen Venture (NDV) founder Jason Huang stated that the institution had previously successfully issued an early warning about the pullback risk of Strategy (MSTR), and is currently taking the opposite action by starting to include Circle (CRCL) on the watchlist, looking for opportunities amid pressured market sentiment.