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U.S. Republican Senator Bernie Moreno from Ohio urged the U.S. Trade Representative to consider imposing tariffs on South Korea due to its treatment of the American e-commerce company "Coolpeng." Moreno pointed out in his letter that Seoul takes hostile actions against foreign companies, including heavy compliance requirements and biased regulatory enforcement, and requested an investigation under Section 301 of the Trade Act of 1974. South Korea denies discriminating against Coolpeng compared to domestic companies.

According to monitoring by Catcher Predict, in the "NATO and Russia Military Conflict Prediction" event on the prediction market Polymarket, the "Yes" option in the sub-market "October 31" experienced a sharp fluctuation in winning probability, dropping from 43% an hour ago to the current 23.5% (a fluctuation of 19.5%). Please note the impact of related breaking news.

Nick Timiraos, the chief economic reporter for The Wall Street Journal and known as the "mouthpiece of the Federal Reserve," recently wrote that Federal Reserve Chairman Kevin Warsh is facing intense scrutiny from Congress. On Wednesday local time, four members of the Senate Banking Committee, led by Senator Chris Van Hollen, jointly sent a letter to Warsh, demanding that he publicly disclose all communication details with President Donald Trump.Earlier reports indicated that Warsh had maintained frequent phone contact with Trump since taking office, but the publicly available schedule from the Federal Reserve does not record any related calls during Warsh's early days in office. Lawmakers believe that this "selective transparency" could raise concerns about government interference in monetary policy.Kevin Hassett, the director of the White House Council of Economic Advisers, previously stated that Warsh has long engaged in economic discussions with Trump but claimed that Trump would not pressure the Federal Reserve. Trump later denied the related reports, stating that he had only had a brief conversation with Warsh a few days prior.Currently, the Federal Reserve has stated that it will continue to delay the disclosure of the chairman's schedule according to established rules. The market is watching to see if Warsh will provide additional information and whether this matter will affect public confidence in the independence of the Federal Reserve.

U.S. Democratic Senator Warren asked Treasury Secretary Basent to explain the basis for the Trump administration's intervention in the yen. In a letter dated August 13, Warren pointed out that the government has not provided detailed justification and has not disclosed how much money was used to purchase yen.Basent confirmed that the U.S. and Japan jointly intervened in the foreign exchange market for the first time since 1998 to support the yen, but did not specify the amount of funds.

AI personal assistant startup Pally announced the completion of a $5.2 million financing round, led by Cyber Fund and Y Combinator, with participation from Pioneer Fund, Founders Inc, 468 Capital, and angel investors. The company is valued at $30 million, and its main business is providing AI personal assistant services through a messaging interface.Pally was launched in 2025, with the latest version going live in June, capable of syncing with platforms like Gmail, Outlook, Slack, Granola, and Notion. After user authorization, Pally can book flights, manage inboxes, reply to messages, and make restaurant reservations. Pally utilizes Anthropic's Claude, OpenAI's ChatGPT, as well as open-source models like Kimi K3 and GLM 5.2. Co-founder Haz Hubble stated that the company will not sell user data and will not use related data to train models.

According to CoinDesk, U.S. Senator Elizabeth Warren stated that she supports pushing for cryptocurrency-related legislation but does not support the current CLARITY Act, believing that the bill fails to adequately address key issues such as corruption, consumer protection, national security, and economic risks.Warren pointed out that the crypto industry needs a clear regulatory framework, but the regulatory plan must ensure investor rights and the safety of the financial system. She believes that the CLARITY Act is lacking in preventing conflicts of interest, protecting consumers, and reducing potential systemic risks.The CLARITY Act aims to further clarify the division of regulatory responsibilities for the U.S. digital asset market, establishing a clearer legal framework for cryptocurrency asset trading, issuance, and market participants. Supporters believe that the bill helps enhance industry certainty and promote innovation.However, some Democratic lawmakers, including Warren, have previously expressed concerns about cryptocurrency regulatory legislation, arguing that some proposals could weaken the power of regulatory agencies and create regulatory arbitrage opportunities for large crypto companies.Warren has long taken a cautious stance on crypto assets, focusing on consumer protection, financial stability, and the risks of illegal activities in the crypto market. This statement indicates that U.S. cryptocurrency regulatory legislation still faces a struggle between the two parties and different interest groups.

According to Jinshi reports, NATO Secretary General Jens Stoltenberg stated that he is discussing with allies how to continue providing urgently needed air defense systems to Ukraine.

Robinhood's Robinhood Ventures announced the launch of its second venture capital fund RVII, aiming to raise $200 million, primarily investing in current or past incubated projects from Y Combinator. The fund will be listed on the NYSE, priced at $25 per share, and is expected to start trading on August 13. Unlike the previous first fund (RVI) which had zero performance fees, RVII will charge a 2% management fee and a 20% performance fee, with an annual total expense ratio of approximately 4.18%. Robinhood describes the fund as a "speculative" investment, "with significant loss risks" and no shareholder redemption rights.The first fund was launched in March, raising $658.4 million, primarily targeting late-stage companies such as Databricks, Stripe, OpenAI, and SpaceX, which fell 16% on its first trading day before rebounding about 30%. RVII will shift its focus to seed-stage projects. Sarah Pinto, head of Robinhood Ventures, stated that retail investors "do not need to wait for a company IPO to participate in early growth." Goldman Sachs serves as the lead underwriter, with Citigroup, JPMorgan, UBS, and Wells Fargo as co-managers, and the subscription window will close on August 12.

Democratic Senators Elizabeth Warren and Richard Blumenthal sent a joint letter to SEC Chairman Paul Atkins on Monday, requesting an investigation into whether the Trump-related Meme coin violates securities laws. The two senators cited reports indicating that since the launch of the Trump Meme coin in January 2025, nearly 1 million crypto wallets have incurred losses totaling approximately $3.81 billion. They accused Trump of potentially being involved in a "Rug pull" and requested the SEC to determine whether there are fraudulent arrangements or violations of securities laws.Warren and Blumenthal stated that despite the token being promoted by Trump's own public statements, its price has significantly declined, and it is necessary for the SEC to investigate whether there is a fraudulent scheme and to prevent the continued extraction of immense value from hundreds of thousands of investors. At the time of this letter, the White House is evaluating the latest ethical compromise regarding conflicts of interest related to Trump's crypto business. This compromise is seen as key to advancing the "Clarity Act" crypto market structure bill. A previous version of the draft, endorsed by Trump, faced Democratic opposition because it only restricted public officials and their spouses from issuing or sponsoring digital assets, did not cover other family members, and was to be enforced by the Department of Justice.The two senators also stated that Trump has a "keen interest" in encouraging supporters to trade his Meme coin and claimed that Trump has earned $636 million from this Meme coin. As the Senate is set to enter its August recess on Friday, with the focus shifting to the November elections, whether the "Clarity Act" can advance in the short term still depends on whether both parties can reach a consensus on the conflicts of interest related to Trump’s crypto dealings.

According to CoinDesk, U.S. Senator Bill Hagerty is urging the Senate to pass the CLARITY Act (Digital Asset Market Structure Act) as soon as possible, stating that the U.S. cannot fall behind in the digital asset space. He believes that establishing a clear regulatory framework is crucial for promoting innovation in U.S. digital assets and maintaining global competitiveness.The CLARITY Act aims to clarify the division of regulatory responsibilities in the U.S. digital asset market, providing a more defined rules framework for the crypto industry. Currently, the bill is awaiting further review by the Senate.

According to CNN, U.S. Democratic Senators Elizabeth Warren and Richard Blumenthal have requested the U.S. Securities and Exchange Commission (SEC) to investigate the Meme coin TRUMP issued by Trump, to confirm whether the project involves fraud or improper profit-making. In a letter to SEC Chairman Paul Atkins, the two stated that the Trump Meme coin project "may constitute an illegal scam" and urged the regulatory agency to investigate whether the token involves "illegal fraudulent activities or facilitates improper profit acquisition."Reports indicate that Trump launched his personal Meme coin TRUMP just days before his inauguration in 2025. After the token went live, its price surged, reaching a market value peak of approximately $9 billion on January 19, 2025, but then plummeted significantly. Currently, the market value of the token has fallen to less than $400 million, a decline of over 95% from its peak. According to data from the cryptocurrency data platform CoinMarketCap, investors who bought at the high are currently facing about a 97% loss. Blockchain analytics firm Nansen previously cited data showing that by the end of June, nearly 1 million investors had incurred losses due to this Meme coin, with total losses amounting to approximately $3.8 billion. About 80% of the supply of the Trump Meme coin is held by entities related to the Trump Organization. Trump has previously stated that he complies with the law and allows his family to manage personal financial matters.Elizabeth Warren and Richard Blumenthal emphasized in their letter whether the project is similar to a Rug Pull in the cryptocurrency industry. They believe that even if it is not a traditional sudden withdrawal scam, it may still fall under a "soft pull" that leads to investor losses through a gradual withdrawal of market support. The SEC has not yet commented on this matter.

U.S. Senator Cynthia Lummis posted on the X platform, stating that the current version of the cryptocurrency market structure bill requires President Trump to sell his digital assets or transfer them into a blind trust, becoming one of the focal points of negotiation. Several Democratic lawmakers are concerned that the bill will weaken their narrative of attacking Trump for "crypto corruption" in the midterm elections, and thus hold a cautious attitude towards advancing the legislation.Supporters emphasize that the bill also covers ethical standards for the President, Vice President, members of Congress, and the federal judiciary, and will provide a clearer regulatory and protective framework for investors in the event of bankruptcy of cryptocurrency trading platforms.

According to Cointelegraph, U.S. Senate Minority Leader Chuck Schumer has officially proposed the Anti-Corruption Bureau Creation Act, which aims to establish a new government agency dedicated to addressing corruption at the federal level. The bill specifically names Trump, citing his disclosed investment earnings of over $2 billion in 2025 (of which $1.4 billion is related to cryptocurrency), as well as his family's holdings in cryptocurrency funds linked to foreign governments totaling over $1 billion.The proposed agency will consist of 7 bipartisan members, who will take office upon confirmation by the Senate, and will have "substantive powers" to investigate, enforce, and prevent administrative corruption, integrating the Federal Election Commission, the Office of Government Ethics, and the Office of Special Counsel under one roof. Senators Andy Kim, Alex Padilla, and Jeff Merkley jointly proposed the measure. White House Deputy Press Secretary Anna Kelly responded that Trump's investments "are held in a fully managed account by an independent third-party financial institution, with no conflicts of interest."

According to Bitcoin.com, U.S. Senator Cynthia Lummis is pushing for the CLARITY Act to complete Senate voting before Congress goes into recess. Article 303 of the bill grants the Treasury Department the authority to impose targeted sanctions on digital assets in foreign jurisdictions, while Article 305 allows exchanges to freeze suspicious transactions for up to 180 days.On-chain data shows that North Korea's Lazarus Group stole approximately $643 million in the first half of 2026, accounting for two-thirds of the total amount stolen in cryptocurrency globally during the same period ($972 million), which includes a $285 million attack on Drift Protocol in April and a $292 million attack on the KelpDAO cross-chain bridge. The organization has accumulated a total theft of $6.75 billion since 2019.Currently, Galaxy Research has lowered the probability of the CLARITY Act passing in 2026 to 30%. The bill still requires 60 votes to advance, meaning at least 7 Democratic senators need to cross party lines to support it.

According to Jinshi reports, NVIDIA CEO Jensen Huang posted on social media, sharing a letter titled "Open Weights and U.S. AI Leadership," calling for the promotion of open-weight artificial intelligence model development. The letter originally published by Huang included 25 co-signers. Now, the number of co-signers has increased to 50, doubling in number.OpenAI is one of the 25 newly added organizations, along with other new organizations including Google, AMD, Cisco, Cloudflare, GitHub, Block, and Ollama. However, Anthropic and Amazon have consistently not appeared on any version of the list, and the absence of these two companies is the most noteworthy detail in the list.

According to Bitcoin.com, U.S. Senator Cynthia Lummis stated that the CLARITY Act will change the way customer crypto assets are handled when digital asset platforms enter bankruptcy proceedings; customer assets should continue to belong to the customers, rather than being included in the company's bankruptcy estate.The bill requires regulated digital asset intermediaries to treat customer cash and digital assets as customer property and to segregate them from company property. The bill also generally prohibits brokers, dealers, and exchanges from using customer assets for their own or others' benefit without authorization.The bankruptcies of Celsius and Voyager sparked disputes over the ownership of customer deposits. In January 2023, U.S. Bankruptcy Judge Martin Glenn ruled that the cryptocurrency deposited in Celsius Earn accounts became company property under the terms of use, involving approximately 600,000 Earn accounts and about $4.2 billion in assets.Lummis stated that the CLARITY Act also aims to provide regulatory certainty for developers, enhance investor protection, and improve market integrity. The bill will clarify the responsibilities of the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) in different areas of the crypto market, and it has already passed the House of Representatives but has not yet passed the Senate.

According to Bitcoin News, U.S. Senator Elizabeth Warren has requested President Trump to voluntarily disclose his cryptocurrency income and holdings from January 1 to July 15, with a deadline to complete this by July 23.In a letter dated July 16, the senior member of the Senate Banking Committee argued that Congress cannot fairly debate cryptocurrency legislation given that the President's financial exposure to the industry has only been partially disclosed. This request comes as the Senate is reviewing the CLARITY Act, and Warren believes that lawmakers need to be informed of the President's cryptocurrency interests before advancing legislation that could directly impact the value of Trump's holdings. Warren stated that the concern is not only about the President holding digital assets but also about the legislation being considered by Congress potentially benefiting businesses and investments related to the President, which have only been partially disclosed.

According to The Block, U.S. Democratic Senator Ron Wyden has written to the bipartisan leaders of the Senate, urging them to retain Section 604 of the Clarity Act, the Blockchain Regulatory Certainty Act. This provision provides a safe harbor for non-custodial developers, clarifying that they do not fall under the category of money transmitters, and it has received widespread support from the crypto industry, which believes it offers legal certainty for software developers and prevents the outflow of innovation.However, law enforcement agencies and Catholic leaders warn that this provision could weaken regulatory capabilities in combating human trafficking and hinder investigations. Wyden countered in his letter that the provision aligns the policies of the DOJ and FinCEN, ensuring that resources are focused on illegal money transmission activities, and stipulates that non-custodial developers are not protected if they are found to be transferring or using funds from illegal activities. This controversy is one of the main unresolved issues in advancing the Clarity Act, with another being the ethics provision. The time window before the Senate recess in August is narrowing.