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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.

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 CoinDesk, B2C2, a crypto market maker in which SBI Holdings holds a 90% stake, has been in acquisition negotiations with several potential buyers over the past 18 months.The negotiations have been affected by valuation differences. B2C2 is seeking a transaction price of over $1 billion, and a source indicated that this price is difficult to achieve in the current crypto market environment.Founded in 2015, B2C2 provides deep liquidity for spot, derivatives, structured products, and OTC trading for banks, exchanges, brokerages, hedge funds, and asset management companies. SBI acquired a 90% stake in B2C2 in 2020. B2C2's financial data has not been disclosed separately and is included in SBI's crypto business segment.

According to GMGN data, the top 5 tokens with net inflow of KOL in the past 24 hours are as follows:Jimothy (Ge87....ump): Net inflow of $7,000, with a 24-hour change of -32.7%, currently priced at $0.0248.SAKURA (EWiV....ump): Net inflow of $1,000, with a 24-hour change of 49.2%, currently priced at $0.0003.Terp (ALvN....ump): Net inflow of $807, with a 24-hour change of -65.5%, currently priced at $0.0001.Terp (G2rk....ump): Net inflow of $399, with a 24-hour change of 12.1%, currently priced at $0.0001.Lambocheesi (7W2q....ump): Net inflow of $252, with a 24-hour change of 1065.7%, currently priced at $0.0001.

According to South Korean media outlet Chosun Ilbo, Morgan Stanley was not selected as the sole lead underwriter for SK Hynix's American Depositary Receipts (ADR) listing. The transaction size is approximately $26.5 billion (about 40 trillion Korean won), making it the largest IPO for foreign capital in the U.S. The commission, calculated at a 0.5% underwriting fee rate, is about $130 million. The final underwriting syndicate consists of Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase. Industry insiders generally believe that Morgan Stanley's exclusion is related to its repeated issuance of bearish reports on South Korean semiconductors.The report's author is Korean-American Managing Director Shawn Kim, who has repeatedly downgraded the stock ratings of memory stocks such as Samsung Electronics, SK Hynix, and Micron in research reports published in 2017, 2021, 2024, and on June 6 of this year, with the 2021 report titled "Memory, Winter is Coming." Additionally, Morgan Stanley has recently faced setbacks in South Korea: as a co-underwriter for the SpaceX IPO, Korea's Mirae Asset applied for $1.14 billion in subscriptions but received zero allocation; the sale of IGIS Asset Management, promoted in conjunction with Goldman Sachs, also ended in failure. Morgan Stanley's largest shareholder is Japan's Mitsubishi UFJ Financial Group (MUFG), which holds approximately 24% of the shares.

The People's Bank of China Shenzhen Branch, Shenzhen Securities Regulatory Bureau, Municipal Internet Information Office, and Municipal Local Financial Supervision Administration continue to carry out special rectifications, urging local website platforms to strictly implement their main responsibilities and legally handle a number of illegal self-media accounts.Some typical cases include: "USDT Merchant Group Chat," "Gather Together to Play Virtual Currency," "Search for Bitcoin," "WeChat Quick Exchange," "Zhongchain Laojiu," "Medicine Breaks a Good Sleep," "Little Goldfish 9884," "User 0767527971," and other accounts that illegally provided marketing and promotional information related to virtual currency business activities within the country, enticing the public to participate in illegal financial activities related to virtual currency. According to the relevant policy provisions such as the "Notice on Further Preventing and Handling Risks Related to Virtual Currency," the aforementioned accounts have been permanently closed and dealt with by the platform in accordance with the law and agreements.

According to Jinshi reports, the Iranian Revolutionary Guard claimed to have attacked a U.S. base in Jordan, destroying a set of U.S. "THAAD" missile defense system radars. At the same time, a "Patriot" system and a C-RAM radar were also hit and destroyed, and the fuel depot at the base was ignited.

According to Token Terminal data, the market value of tokenized stocks reached a record $2.3 billion in mid-July, nearly doubling since it first surpassed $1 billion in March. On July 21, the circulating volume of Ondo Finance's tokenized stocks (514.5 million shares) and the number of holders (93,880), the tokenized market value of Backed Finance ($579.4 million), and the number of tokenized stocks on Robinhood Chain (126,720 shares) and the number of holders (36,170) all hit historical highs.The tokenized stock exchange Arcus launched by the dYdX team recorded a daily perpetual contract trading volume of $11.9 million and a new high of $6.8 million in open contracts on the same day. By chain distribution, Ethereum accounts for 34% of the tokenized stock market share, BNB Chain accounts for 30%, and Solana accounts for 23%. Ondo Finance leads with an on-chain stock scale of $955 million and recently collaborated with Japan's SBI Group to tokenize Japanese stocks, enabling 24/7 minting, redemption, and voting rights features. xStocks surpassed a cumulative trading volume of $25 billion within eight months of its launch. Ondo executives previously estimated that the market value of tokenized stocks would reach $2.5 to $3 billion by the end of the year.

Midnight Foundation posted on platform X that the Wanchain Cardano BNB cross-chain bridge has experienced a security attack. Currently, several major exchanges, including KuCoin, Kraken, Binance, Bybit, OKX, and MEXC, have quickly responded by taking preventive measures to restrict the flow of stolen assets, including freezing related accounts and addresses, blacklisting the attacker’s wallet, and suspending the deposit and withdrawal services for the NIGHT token.Exchanges have confirmed that this incident is an isolated third-party bridging vulnerability and is unrelated to the Midnight Network mainnet and the NIGHT asset itself.

On July 18 to 19, the Bangalore branch of the Indian Enforcement Directorate conducted raids at multiple locations involved in a virtual asset over-the-counter trading scam targeting overseas investors, based on the Prevention of Money Laundering Act (PMLA).The criminal gang claimed to supply tokens such as MultiversX, Kava, BEAM, GRASS, SUI, VANA, and AGLD at discounted prices through private social channels, thereby enticing foreign investors to invest funds. The total amount involved in the case is approximately $35 million, initially reported by a Dutch entity.This operation has seized electronic devices, wallet credentials, and cryptocurrency assets worth 8,700 USDT. Law enforcement agencies are continuing to expand leads and dig deeper into the complete criminal chain.

The Binance futures platform will launch the SHAZUSDT perpetual contract on July 21 at 17:00, the SOFIUSDT perpetual contract at 17:05, the PANWUSDT perpetual contract at 17:10, and the PENGUSDT perpetual contract at 17:15.Users can pay attention to subsequent announcements for more information.

OneKey founder Wang Yishi (@ohyishi) posted on the X platform to remind that, in addition to screenshots possibly being recorded, third-party input methods may also continuously read the user's clipboard content. These actions could lead to the leakage of sensitive information such as mnemonic phrases.Several netizens subsequently commented that after opening Pinduoduo without saving images or only copying relevant content, the platform's recommendation page displayed product information highly related to the previous screen content or clipboard content, raising doubts about the app's behavior of reading the screen or clipboard.However, the related claims currently mainly come from user tests and feedback on social platforms, and there has not yet been an official public response from Pinduoduo.

According to official news, Binance Wallet's Meme Rush now supports filtering features for multiple Launchpads on the Robinhood Chain, including Virtuals Protocol, Flap, and Bankr.In addition, users can now track tokens on BSC, Solana, Ethereum (ETH), Base, and the Robinhood Chain simultaneously through Meme Rush, keeping up with multi-chain market dynamics and popular trends in the same information stream.

According to Bits.media, Kaspersky security researchers have discovered new malware OkoBot, which steals cryptocurrency wallet recovery phrases and credentials through about 20 modules. Attackers use ClickFix social engineering techniques to trick users into executing malicious commands and spread the malware through GitHub repositories disguised as legitimate tools like SQL Server Management Studio.OkoBot's modules include: SeedHunter, which injects into hardware wallets like Trezor and Ledger, displaying a fake interface when recovering recovery phrases; MC Keylogger, which records keyboard and clipboard activity; and OkoSpyware, which tracks wallet passwords and records window videos.Once attackers obtain the recovery phrases, they can gain complete control over the victim's cryptocurrency assets, making it nearly impossible to recover the funds. Kaspersky stated that OkoBot has been active for over a year, with most victims located in Brazil, Vietnam, Canada, Mexico, and Turkey. Attackers have also implemented geographical blocking on IP addresses from Russia and CIS countries.

According to GMGN data, the top 5 tokens with net inflow of KOL in the past 24 hours are as follows:ANSEM (9cRC....ump): Net inflow of $20,000, 24-hour price change -3.9%, currently priced at $0.169.ACCOUNT (5rnh....t1r): Net inflow of $1,000, 24-hour price change 697.8%, currently priced at $0.0001.Raj (5kD2....ump): Net inflow of $551, 24-hour price change 569.8%, currently priced at $0.0001.HODL (Hh3o....ump): Net inflow of $456, 24-hour price change -6.9%, currently priced at $0.0009.DUMP (9bmv....HDa): Net inflow of $383, 24-hour price change -10.7%, currently priced at $0.0008.

According to official news, OneBullEx has launched U-based stock and index-related contracts such as QQQUSDT, NVDAUSDT, TSLAUSDT, AAPLUSDT, MUUSDT, WDCUSDT, and SPCXUSDT. The related products support both full margin and isolated margin models.This round of new products covers multiple key tracks in the global innovation industry. QQQ provides an overall perspective on large technology and growth sectors, with Nvidia, Micron Technology, and Western Digital corresponding to AI computing power, memory, and data storage infrastructure. Apple and Tesla cover smart terminals, automation, and energy technology, while the addition of SPCXUSDT extends the platform's global asset coverage to commercial aerospace, satellite connectivity, and space infrastructure.This new launch allows OneBullEx to increase its offerings of global technology companies and index-related products beyond cryptocurrency assets. OneBullEx stated that it will continue to expand global asset coverage around the development direction of AI-native financial exchanges and explore the long-term application of AI intelligent trading capabilities in more asset and market scenarios.

Coinbase Institutional stated that U.S. non-farm employment was far below expectations, but the escalation of conflicts in the Middle East has brought inflation risks back into focus for the market. The market is shifting towards pricing "higher interest rates for a longer duration," financial conditions are tightening further, long-term risk assets are under pressure, and the probability of another interest rate hike within the year is also increasing.Amid multiple negative factors, BTC only fell by about 2%, and this relatively resilient performance may indicate that the market is undergoing a bottoming process.

According to a post by Galaxy Research research director Alex Thorn (@intangiblecoins), indicators related to long-term Bitcoin holders have set new historical records:The supply ratio of coins held for ≥ 10 years has reached 17.7%, the amount held by long-term holders is 16.75 million coins, the market value realized by long-term holders has reached 836.4 billion USD, and the average holding cost for long-term holders is 50,000 USD. The above data indicates that a large number of coins are firmly locked by long-term holders, who refuse to sell even though the average price has reached 50,000 USD. The actual circulating supply in the market continues to tighten, and the behavior of long-term holders is building a solid bottom support for Bitcoin prices.