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Consumer rights organization Public Citizen released a report stating that U.S. President Trump and his family's cryptocurrency projects have resulted in investor losses of at least $4.7 billion since 2022. Most of the losses stem from the TRUMP meme coin issued by Trump, with investors losing about $3.2 billion, while buyers of World Liberty Financial's USD1 stablecoin "have not suffered significant losses."The report noted that Trump profited $7.2 million from NFT royalties, over $600 million from the sale of World Liberty tokens and equity, $635 million from meme coin royalties, and $197 million in revenue from investing in World Liberty. These figures do not include the company and project shares he continues to hold, and some data is included in the President's 2025 disclosure documents, showing his cryptocurrency-related income reached $1.4 billion.Public Citizen once again called for the inclusion of ethical provisions in the Digital Asset Market Clarification Act (CLARITY Act), requiring the U.S. President and his family to divest from industry-related projects. The bill is scheduled for a final vote on September 15 and requires support from at least 60 senators to advance. White House spokesperson Anna Kelly previously responded that Trump's cryptocurrency investments "do not present a conflict of interest."

According to The Wall Street Journal, Google (GOOG.O) is restructuring its AI organization by moving the AI responsibility team out of the DeepMind lab.

According to Reuters, the cryptocurrency advocacy organization Stand With Crypto, supported by Coinbase, announced endorsements for 32 incumbent congressional candidates for the midterm elections in November. All 32 candidates voted last year in favor of sending the cryptocurrency industry's top legislative priority, the CLARITY Act, out of the House of Representatives, which is currently stalled in the Senate due to opposition from some lawmakers.The list includes key allies in the cryptocurrency industry such as Republican Representatives Tom Emmer and Bill Huizenga, as well as Democratic Representatives Ritchie Torres and Josh Gottheimer, some of whom are facing fiercely competitive races.Mason Lynaugh, Executive Director of Stand With Crypto, stated, "In 2024, we proved that crypto voters are real, and in 2026, we want to demonstrate our organizational mobilization ability; our advocates are a voting bloc that can truly impact outcomes."Stand With Crypto was launched by Coinbase in 2023 to influence elections by mobilizing voters rather than through large-scale campaign spending, and it claims to have over 3 million registered "advocates." In 2024, the cryptocurrency industry invested $170 million to support congressional candidates, most of whom won, and pushed Congress to pass the GENIUS Act for stablecoin regulation. During this midterm election cycle, the cryptocurrency industry has already invested nearly $200 million through channels such as the Fairshake super PAC to continue solidifying its influence in Congress.

The Bank Policy Institute (BPI) is an organization representing large banks such as JPMorgan, Bank of America, Wells Fargo, and Citi. BPI proposed that the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury should expand customer identification program requirements to the secondary market for stablecoins, covering exchanges and other platforms that establish direct account relationships with retail investors.BPI stated that the relevant exchanges and platforms engage in a significant amount of buying and selling activities within the payment stablecoin ecosystem, where most illegal activities related to stablecoins occur. If the proposal is incorporated into the rules, the relevant platforms will be required to collect customer information in accordance with the Bank Secrecy Act, and decentralized exchanges may also fall under regulatory oversight. The proposed rules by FinCEN indicate that transactions in the secondary market for stablecoins on the blockchain typically use anonymous or pseudonymous identities, and there are no centralized nodes for collecting identity information, limiting the ability of issuers to gather customer data from the secondary market. BPI has also opposed the current version of the Digital Asset Market Structure Bill along with other banking organizations.

Yushu Technology officially landed on the Sci-Tech Innovation Board, attracting participation from multiple star institutions. Liang Wenfeng's Deep Exploration, Huanshan Quantitative, and Jiuzhang Asset collectively received approximately 1.1916 million shares through strategic allocation and offline subscription. Based on the opening price, the floating profit from the aforementioned holdings exceeds 1.1 billion yuan.

According to Cointelegraph, Ravencoin was attacked due to a consensus vulnerability, causing the price to drop to a historical low of $0.002754, down about 22% from the 24-hour high. The vulnerability allowed weak nodes to accept invalid blocks, with the first known exploit occurring at block height 4,487,776.Mining pools 2Miners and RavenMiner, which control the majority of the network's hash power, are building a competing chain that excludes the affected branch. If this chain becomes dominant, the network may undergo a chain reorganization of about three days, and transactions confirmed after block 4,487,775 may be reversed. Ravencoin has advised exchanges to suspend deposits and withdrawals until the chain stabilizes, and Upbit and Bitget have already suspended RVN transfers.

The PoW blockchain Ravencoin tweeted that its network has a critical consensus vulnerability that has been exploited, causing weak nodes to accept invalid blocks. The first known invalid block appeared at height 4,487,776. Currently, the majority hash power holders 2Miners and RavenMiner have stated that they are mining a chain that excludes the exploited branch starting from height 4,487,776.If this chain becomes the dominant chain, it may lead to approximately three days of deep chain reorganization. The official recommendation is for CEX to temporarily suspend RVN deposits and withdrawals until the network stabilizes; transactions confirmed after height 4,487,775 should be considered at risk. The official also emphasizes that this notice aims to increase transparency and risk awareness and does not represent an endorsement of any rollback or recovery plan.

Bitcoin News posted on the X platform that the Bitcoin Policy Institute, along with a coalition of over 40 organizations, is calling on leading AI labs to provide trusted access to their state-of-the-art AI models for qualified open-source defenders.The open letter states that Bitcoin and digital asset developers are facing increasingly complex AI-driven cyber threats, while legitimate security research is often hampered by cutting-edge model security mechanisms. Signatories including Block, Coinbase, Strategy, MARA, Galaxy, BitGo, Brink, OpenSats, Chaincode Labs, Spiral, Trezor, and Unchained are requesting early access to cutting-edge cybersecurity models, sufficient computing power, secure research environments, and the establishment of direct communication channels with AI lab security teams. The open letter states: "Defenders need cutting-edge technology; please give them a fair head start."

According to Wired, a security researcher who has been infiltrating a North Korean hacking organization for nearly two years has issued a warning, pointing out that the attack methods targeting individual employees and contractors are extremely effective and have a wide-ranging impact, leading to numerous organizations worldwide suffering breaches.Greek cybersecurity researcher Vangelis Stykas stated that since gaining access to the North Korean system 22 months ago, he has found evidence indicating that 1,640 companies in 57 countries have been affected by North Korean hacking operations. Among them, approximately 700 to 800 affected organizations have suffered "highly destructive" breaches.

According to CCTV News, the international standard led by China, "Technical Framework and Functional Requirements for Blockchain as a Service in Blockchain and Distributed Ledger Technology," has recently been successfully initiated by the International Organization for Standardization. Countries such as Germany, the United Kingdom, Ireland, Japan, Portugal, and Uganda will send representatives to participate in the formulation.This standard will clarify three aspects of technical requirements: in terms of infrastructure and network, it will standardize the construction and operation and maintenance of underlying resources and blockchain networks. In terms of service management and smart contracts, it will unify the platform service catalog and the contract lifecycle management process. In terms of data interaction and security protection, it will clarify on-chain data access, privacy protection, and security compliance mechanisms.

According to Jinshi reports, the World Trade Organization has announced that Brazil has filed a dispute resolution lawsuit regarding the U.S. tariff increase issue.

According to The Block, the Solana Policy Institute in the United States has sent a letter to the bipartisan leaders of the Senate, urging them to push the Clarity Act digital asset bill into the voting process before the congressional legislative window closes in early August. The bill aims to provide regulatory clarity for U.S. crypto developers, institutions, and consumers, and establish a "non-money transmission" safe harbor for non-custodial software developers through the Blockchain Regulatory Certainty Act.The latest Republican version also adds ethical provisions that prohibit federal officials and their spouses from issuing or sponsoring digital assets, with the relevant provisions set to expire on January 20, 2029. SPI stated that the bill helps prevent "overreach" of regulation and criminal enforcement against software developers, maintaining the momentum for domestic construction in the United States.

According to official news, the institutional-level Ethereum ecosystem service organization Ethereum Institutional announced the completion of its initial ecosystem funding round and the formation of a supporter alliance, receiving support from over 100 ecosystem participants, led by BitMine, SharpLink, and Ethereum co-founders Joseph Lubin and Mihai Alisie, with the amount undisclosed. The organization stated that this funding will be used to support its accelerated efforts in tokenization, stablecoins, and on-chain market infrastructure.Ethereum Institutional indicated that in the coming months, it will strengthen direct engagement with banks, asset management institutions, custodians, market infrastructure, fintech companies, and sovereign institutions to advance specific work related to tokenization, stablecoins, market infrastructure, and on-chain settlement, while expanding its core business areas such as institutional education, market intelligence, and ecosystem marketing; at the same time, it will continue to collaborate with a broader Ethereum ecosystem community, including L2, application teams, infrastructure, and custodial service providers.

Antpool mined Bitcoin block 941,881 at 15:49:35 UTC, and Foundry USA mined another version at the same height 12 seconds later, leading to a brief formation of two competing chains on the Bitcoin blockchain.Subsequently, ViaBTC extended block 941,882 on the Antpool version, and Foundry USA continued to extend its own branch. Foundry USA then consecutively mined blocks 941,883 to 941,886, with its branch accumulating more work. Nodes then reorganized to the Foundry USA version, and the blocks mined by Antpool and ViaBTC were orphaned. Relevant miners lost the corresponding block rewards and transaction fees, and transactions not confirmed on the winning chain re-entered the memory pool and were confirmed in subsequent blocks.

Storj Labs voluntarily filed for Chapter 11 reorganization in the Northern District of West Virginia on July 26 to address historical debt issues while maintaining ongoing operations. Storj stated that services would not be affected during the reorganization, and customer obligations would continue to be fulfilled. The parent company Inveniam supports this reorganization, believing it is the right path to achieve sustainable development.Kaloyan Raev, the Director of Software Engineering at Storj, stated that the company's fundamentals are strong, and the constraints on growth are due to early legacy debts. After the reorganization, a "clean foundation" will be established, and there are plans for management, the token community, and investors to participate in the post-reorganization ownership distribution. Storj has previously focused its business on the core distributed storage field and is disposing of prior acquisitions and non-core businesses. This reorganization follows a significant governance adjustment faced by the company in the decentralized storage sector after Inveniam's acquisition of Storj in 2024.

NVIDIA CEO Jensen Huang posted his first personal tweet, sharing an open letter titled "Open Weights and U.S. AI Leadership," co-signed by NVIDIA and more than 20 other technology companies and organizations.The open letter argues that open weight models can expand access to the AI economy, enhance market competition, and give users more control. The signatories include Meta, Microsoft, Andreessen Horowitz, Hugging Face, IBM, Mistral AI, Palantir, Perplexity, Mozilla, Y Combinator, and others.The letter states that while open weight models carry risks, development should not be restricted through bans but should instead leverage openness to enhance AI safety and cybersecurity capabilities. Jensen Huang stated, "The world needs cutting-edge closed-source models, and it also needs cutting-edge open models."

According to FinanceFeeds, the Indian Parliament's Standing Committee on Finance has recommended that the government establish a temporary regulatory mechanism led by recognized Self-Regulatory Organizations (SROs) to oversee the domestic cryptocurrency and virtual digital asset market. The committee warned that the lack of a clear legal framework exposes millions of retail investors to operational, custodial, and fraud risks.The SRO will implement standardized codes of conduct under the direct supervision of the Reserve Bank of India or the Securities and Exchange Board of India, covering consumer protection, platform transparency, and token disclosure standards, and will be responsible for auditing exchange reserves, mandating the segregation of customer funds from corporate funds, and establishing user complaint handling channels. The committee emphasized that the temporary SRO must operate under strict oversight from the central bank or the securities regulator to address macroeconomic risks such as cross-border capital flows, dollarization of stablecoins, tax evasion, and violations of foreign exchange management laws.

Hazeflow founder Pavel Paramonov announced the closure of his crypto research institution @hazeflow_xyz on X. Paramonov stated that such decisions are usually made under duress, "You don't just wake up one day and decide to shut down a business that generates income." He mentioned that several talented researchers and designers on the team are looking for new jobs and welcome institutions in need to contact them via private message. Paramonov said he will temporarily leave the crypto industry for at least a month before considering the next steps, "Currently, I am somewhat disappointed with the crypto industry."

The cryptocurrency lobbying organization TDC has filed a lawsuit seeking to block the enforcement of the Illinois Digital Asset Tax Act.This tax applies to any company headquartered in Illinois or operating in the state that provides digital asset services in the state.