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Crypto journalist Eleanor Terrett posted on the X platform that, according to an industry insider invited to the conference call, stakeholders in the crypto industry will hold a conference call later this morning local time with Republican leadership to understand the latest developments on the text of the CLARITY Act.

According to a report by CryptoSlate, BitMine's Ethereum staking and validation business heavily relies on the third-party operator Ethereum Tower. According to the relevant management service agreement, Ethereum Tower holds an irrevocable interest of 2% in MAVAN, and the initial term of the agreement lasts for up to 10 years; if BitMine terminates the cooperation early under non-specific default circumstances, the other party can still choose to continue receiving revenue sharing for the remaining term or receive a one-time compensation according to a formula.Documents show that in the three months ending May 31, 2026, BitMine's staking and validation business revenue was $45.743 million, accounting for 98.3% of total revenue of $46.535 million. During the same period, the company held approximately 5.4169 million ETH, valued at about $10.856 billion, of which approximately 4.7187 million had been used for staking. The report suggests that this means BitMine's revenue performance is not only dependent on Ethereum staking returns but is also significantly constrained by third-party management relationships and potential termination costs.

According to The Block, the UK Parliament's All-Party Group on Digital Assets has launched an investigation into the access to banking services for the local cryptocurrency industry.This investigation will focus on examining the difficulties faced by cryptocurrency companies in opening and maintaining bank accounts, as well as the relevant circumstances regarding banks imposing restrictions on cryptocurrency transactions.

According to Etoday, the South Korean Democratic Party stated that it will restart the special task force on digital assets after completing adjustments to its internal leadership and plans to propose the "Basic Law on Digital Assets" in September, aiming to complete legislation within the year. Democratic Party member Park Min-kyu mentioned that the content of the bill and the submission time will be coordinated by the National Assembly, the presidential office, and relevant departments, with discussions expected to start as early as early September.In addition to clarifying the issuers of stablecoins, it is also necessary to improve the supporting systems for market structure, security, and regulation, and to establish a localized digital asset system that aligns with South Korea's financial regulatory environment. Furthermore, Democratic Party member Min Byeong-deok suggested developing the Korean won stablecoin as a payment and settlement tool to support the overseas development of Korean culture, business, tourism, and manufacturing.

According to CoinDesk, as the competition for tokenization in the capital markets heats up, the Securities Transfer Association (STA) recently submitted a letter of opinion to the U.S. Securities and Exchange Commission (SEC), warning that stock tokens issued by third-party organizations may undermine market integrity and calling on regulators to prioritize support for tokenized securities authorized by publicly listed companies in future rule-making.The STA represents several Wall Street transfer agents, whose members believe that true tokenized stocks should be formally authorized by the issuing company and recorded in the official shareholder register, rather than created as "packaged" token products by independent platforms.The association pointed out that third-party stock tokens may confuse investors about the actual rights they hold and expose them to risks related to platform credit, custody, and operations, without establishing a direct legal relationship with the publicly listed company. Therefore, any innovative exemptions, pilot projects, or permanent regulatory frameworks for tokenized securities should prioritize the issuer-supported model.The STA also urged the SEC to reform the existing Direct Registration System (DRS), arguing that the current U.S. securities custody system is inadequate to meet the real-time transfer and settlement needs of on-chain securities, and suggested that regulators collaborate with the Depository Trust & Clearing Corporation (DTCC) to optimize the digital securities infrastructure.Currently, the global market for tokenized stocks, valued at approximately $2 billion, is primarily dominated by third-party models, including products launched by Ondo Finance and Kraken, while organizations like Securitize and Figure adopt the issuer authorization model.

According to Onchain Lens monitoring, the wallet associated with the USDH deployer deposited 212,498 HYPE into Coinbase, worth 15.07 million USD.

Binance announced a partnership with Anchorage Digital to further expand its third-party banking product network. By integrating Anchorage Digital's Atlas settlement platform, institutional clients can now trade on Binance while securely holding their assets in Anchorage Digital's independent qualified custody.It is reported that this is the first time the Atlas settlement platform has integrated with a cryptocurrency exchange. This partnership introduces the structure of "custody and trade execution separation" from traditional financial markets, allowing eligible institutions to use crypto assets, interest-bearing USD accounts, and specific tokenized real-world assets as collateral.

According to Chosun Biz, South Korea's Kiwoom Securities is seeking to acquire a stake in South Korea's second-largest virtual asset exchange, Bithumb. Both parties are discussing the issuance of new shares through a third-party allotment, with the specific equity ratio and investment scale still being coordinated.South Korean securities companies are rushing to enter the virtual asset industry ahead of the issuance of security tokens (STO) and the institutionalization of stablecoins; the Financial Services Commission of South Korea is also discussing the major shareholder equity regulations in the second phase of the virtual asset law, which will generally limit the shareholding ratio of major shareholders in virtual asset exchanges to 20%, with exceptions allowing up to 34%. Bithumb's largest shareholder, Bithumb Holdings, currently holds 73.56%, and if the relevant regulations are implemented, it will need to reduce its stake by more than 50 percentage points.

The cross-chain protocol Axelar Network released a statement regarding the recent security incident related to Secret Network, stating that there is a misunderstanding within the community about the event. Both Axelar and the Inter-Blockchain Communication Protocol (IBC) were not attacked or compromised. The affected token smart contracts were neither developed, deployed, nor maintained by Axelar, and Axelar's firewall mechanism also prevented the impact from spreading to other chains.It is reported that the exploited contract is a forked version based on CW20-ICS20, but the developers removed two core security checks, resulting in an "infinite minting" vulnerability. By deleting the verification mechanisms originally used to prevent such issues, this fork altered the original trust model of the contract and did not undergo a new security audit.Axelar Network explained that anyone can deploy contracts for cross-chain asset wrapping through IBC, and similar contracts have also been used to wrap tokens from other chains into Secret Network. However, the Secret side fork version in this incident has vulnerabilities due to the removal of key security checks. This incident is not a unique logical flaw, nor is it an issue with the IBC protocol itself, but rather a security risk introduced by modifications to third-party contracts.

Pudgy Penguins' Web3 game Pudgy Party announced it will cease development and fully shift to the browser-based free game Pudgy World.In August last year, the NFT brand Pudgy Penguins launched a Web3 mobile game called Pudgy Party, developed in collaboration with Mythical Games, featuring fast-paced mini-games, customization, and digital collectibles. In March this year, Pudgy Penguins launched the browser-based free game Pudgy World.

According to a report by Reuters, Reform UK, led by Nigel Farage, raised £9.3 million in the first quarter of 2026, surpassing the fundraising scale of major UK political parties for the third consecutive quarter, with some of the funds coming from large donations by cryptocurrency investors.

The stablecoin apxUSD, issued by the Apyx protocol and primarily collateralized by Strategy preferred stock STRC, briefly depegged during the time Bitcoin fell below $63,000, dropping to a low of $0.93. Apyx stated that this fluctuation was not a vulnerability but rather an expected performance of the preferred stock collateralized stablecoin. Since the reserve assets of apxUSD are mainly composed of STRC preferred stock with a face value of $100, when STRC falls below its face value in the secondary market, the market value of the reserve assets will decrease, leading to price fluctuations in the stablecoin.The protocol claims that its stability mechanism includes over-collateralization, a dividend adjustment mechanism, and cash and short-term U.S. Treasury reserves as a buffer. Data shows that since last August, STRC has fallen below its face value four times, but has ultimately returned to $100 each time. In response to market concerns about a chain liquidation in the Morpho lending market, Apyx stated that its core apyUSD/apxUSD market primarily relies on the accumulation of dividend income rather than the spot price of STRC, so related fluctuations will not trigger large-scale liquidations.

The Liberal Democratic Party's Blockchain Promotion Parliamentary Alliance in Japan submitted a policy proposal to Finance Minister Katsuyuki Kitayama, calling for the clear inclusion of blockchain and Web3 in the national strategy. The proposal covers multiple areas including tax reform, cryptocurrency ETFs, leveraged trading regulation, responses to unregistered operators, cryptocurrency strategy, and trade logistics. Among them, the proposal suggests further research on the choice mechanism for "declaration separation taxation" and "withholding separation taxation" for crypto assets, and explores the tax treatment methods for exchanges and inheritance of crypto assets.In terms of derivatives regulation, the proposal believes that the current 2x leverage limit for individual cryptocurrency trading is too low and suggests gradually increasing the leverage level in conjunction with margin management systems. At the same time, the proposal also calls for a clear positioning of the cryptocurrency ETF system and strengthening law enforcement cooperation with overseas regulatory agencies. Katsuyuki Kitayama stated that he will actively promote the construction of related systems, including facilitating the implementation of cryptocurrency ETFs and researching a new tax system to be implemented in January 2028.

According to CoinDesk, Japan's ruling Liberal Democratic Party has proposed the establishment of a legal framework for cryptocurrency ETF trading and the promotion of the use of yen stablecoins. A group within the party that advocates for blockchain technology has submitted the relevant proposal to Finance Minister Satsuki Katayama. The proposal states that cryptocurrency ETFs can provide investors with a more understandable way to invest.

According to Cointelegraph, crypto-related political action committees (PACs) and industry executives have invested over $500 million in the 2026 U.S. elections.Follow the Crypto data shows that crypto industry companies and related individuals have contributed over $320 million, and crypto-related PACs still hold over $245 million in cash; among them, Republican-related candidates/committees received about $127 million in support, significantly higher than the approximately $11.5 million for Democrats.

According to crypto analyst Yu Jin @EmberCN, in the past 11 hours, addresses associated with the ESPORTS project have continuously sold tokens on-chain, with a total of 253 million ESPORTS sold, accounting for 28% of the total token supply. Data shows that this batch of ESPORTS was first exchanged for approximately 26,000 BNB, and then further converted into 17.29 million USDT.Due to the ongoing sell-off, the price of ESPORTS has currently dropped about 95% from its peak, falling from $0.70 to around $0.035.

The cross-chain routing protocol Squid stated on platform X that the SquidRouterModule involved in the attack disclosed by Blockaid was neither developed, deployed, nor operated by Squid, but rather a third-party Gnosis Safe module that chose to integrate with protocols like Squid, with no prior connection between the two parties.Squid indicated that this third-party module has a vulnerability that accepts a fixed string provided by the caller as message security verification. The attacker exploited this string, which is publicly visible in the verified code of the contract, to execute arbitrary call data and steal funds. Squid's own routing contract (0xce16F) is architecturally completely different from this module and is unaffected; user funds, authorizations, and integrations are all secure.

Republican lawmakers in the United States are accelerating the push for a new version of the ARMA Act, hoping to complete the bill's signing while the Republican Party still controls both houses of Congress. The bill advocates for the establishment of a national-level Bitcoin reserve in the United States and plans to hold approximately 5% of the global Bitcoin circulating supply for the long term. According to market news, there is an internal effort within the Republican Party to elevate the Bitcoin strategic reserve to the level of national finance and geopolitical competition, believing that the United States should seize a dominant position in the global digital asset system. If the bill is ultimately passed, the U.S. government may become one of the largest holders of Bitcoin in the world, further reinforcing the narrative of BTC as "digital gold" and a sovereign reserve asset.