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OmenX: Popular teams in the World Cup collectively lose points, the sports prediction market enters a risk management scenario

The World Cup group stage continues today, with several matches producing results that were unexpected in the pre-match market. Spain drew 0-0 with Cape Verde, Belgium drew 1-1 with Egypt, Uruguay drew 1-1 with Saudi Arabia, and Iran drew 2-2 with New Zealand. Many teams that were considered likely to win before the matches failed to secure victories, leading to significant fluctuations in the related prediction markets.Base's native leveraged prediction market OmenX indicates that as the World Cup schedule enters a dense phase, sports prediction markets are no longer just one-way bets on popular outcomes; in-match fluctuations, upset results, and position management are becoming important scenarios for user trading. For users who already hold high-probability positions on platforms like Polymarket, OmenX's leveraged prediction market can be used to open similar or opposite positions with smaller amounts of capital, allowing for hedging and risk management as uncertainty in the events rises.OmenX data shows that in the past 24 hours, the trading volume in World Cup-related prediction markets approached $8 million, with single match outcomes, championship titles, and popular team-related markets being the main trading directions. As several popular outcomes failed to materialize, the demand for trading around position protection, in-match adjustments, and result repricing continues to rise.

The Bank of Ghana has ordered banks to stop supporting unauthorized foreign currency digital wallet services provided by cryptocurrency platforms

According to Bitcoin.com, the Bank of Ghana has issued a mandatory directive requiring all regulated financial institutions to immediately cease support for unauthorized foreign currency digital wallet services provided by cryptocurrency platforms. The central bank stated that several cryptocurrency platforms operating in Ghana offer digital wallet services denominated in foreign currencies (primarily US dollars) that integrate with the local banking system through direct bank transfers, payment cards, and other channels. These cryptocurrency platforms are not authorized to conduct such activities.The central bank pointed out that these foreign currency digital wallets involve compliance requirements under the Payment Systems and Services Act of 2019 and the Foreign Exchange Act of 2006. Due to the lack of necessary approvals for cryptocurrency platforms, the banking infrastructure supporting these services is illegal. The directive takes effect immediately and applies to banks, deposit-taking institutions, electronic money issuers, and payment service providers, prohibiting the establishment or maintenance of any arrangements supporting these unauthorized fiat wallet systems. Non-compliant institutions will face regulatory or enforcement actions. The central bank has established a virtual asset service desk for businesses to consult on compliance matters.

The new Brazilian bill proposes the establishment of a permanent financial sandbox to support blockchain and tokenization testing

According to Livecoins, Brazilian Federal Deputy Lincoln Portela proposed Bill No. 2.901/2026, which aims to establish a framework for a national fintech and digital finance platform, creating a permanent regulatory sandbox system for testing blockchain technology and asset tokenization, supervised by the Central Bank of Brazil.The bill requires regulatory requirements to be proportional to the size of the company, allowing small fintech startups to apply simplified standards, and prohibits the government from imposing bureaucratic measures or obligations that do not align with the digital nature of the cryptocurrency market. The sandbox testing scope includes financial flow tracking, artificial intelligence credit applications, and programmable payment practices.The bill also allows companies to share network infrastructure and institutional adaptation databases, but they must comply with data protection regulations. The cooperation mechanism aims to combat financial crimes in cryptocurrency transactions, promote customer identity verification, and enhance cybersecurity.The bill also proposes the establishment of a national system for digital financial integrity, coordinating network regulatory actions to combat criminal structures that use cryptocurrency to hide wealth. Fines for non-compliant companies can reach up to 20% of their annual profit or revenue. The bill will be discussed in various committees of the House of Representatives.

G7 central bank quantum technology working group releases first report: warns of long-term risks in the financial encryption system

According to a report by Crowdfund Insider, the first public report released by the G7 Central Bank Quantum Technology Working Group (QTWG) indicates that quantum computing technology could have a profound impact on the global financial system, particularly posing structural challenges in the fields of data encryption and cybersecurity. The working group was established in 2025, co-led by the Bank of France and the Bank of Canada, with members including the Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan, and major central banking institutions from Germany, Italy, and others.The report points out that although quantum computers capable of breaking encryption have not yet emerged, there is a general belief in the industry that the likelihood of their appearance within the next decade is increasing, which poses potential risks to existing financial infrastructure that relies on traditional encryption algorithms. One core risk is referred to as the "collect now, decrypt later" strategy, which involves the long-term storage of currently encrypted financial data, with the intention of decrypting it once quantum computing capabilities mature, potentially threatening the long-term data security of the financial system.The report recommends that financial institutions in various countries proactively compile a list of their reliance on encryption systems and gradually assess the feasibility of transitioning to post-quantum cryptography, while also strengthening inter-agency coordination to reduce systemic risk exposure. In terms of opportunities, quantum computing is expected to enhance the computational capabilities of financial institutions in areas such as risk modeling, portfolio optimization, macroeconomic forecasting, and stress testing, but its practical application still depends on technological maturity and scaling progress.Analysts believe that this report marks the beginning of G7 central banks systematically incorporating quantum technology into their financial stability assessment framework, which may drive long-term upgrades of global financial infrastructure at the encryption and computational architecture levels.

Hong Kong Securities and Futures Commission: Will continue to promote the construction of a regulatory framework for digital assets and support AI financial applications

According to Crowdfund Insider, the Chairperson of the Hong Kong Securities and Futures Commission (SFC), Laura Liang, stated at the Caixin Summer Summit that Hong Kong will continue to expand its digital asset regulatory framework and promote the application of artificial intelligence (AI) in the financial services sector to consolidate its position as an international financial center.Laura Liang pointed out that regulatory agencies will improve the institutional framework around areas such as digital asset trading, custody, investment consulting, and asset management, while adhering to the regulatory principle of "same business, same risks, same rules," achieving a balance between innovation and investor protection.She stated that as the application of AI in the financial industry accelerates, regulatory focus will include potential risks such as model reliability, algorithm bias, data privacy, and cybersecurity, emphasizing that financial institutions need to strengthen risk management during the innovation process.In addition, the Hong Kong Securities and Futures Commission and relevant regulatory agencies have expanded the regulatory sandbox mechanism, allowing financial institutions to test generative AI applications in a controlled environment to promote technological implementation and compliant development. Analysts believe that Hong Kong is further enhancing the openness and standardization of its financial markets through a dual regulatory framework for digital assets and AI, while also increasing its competitiveness in the global capital markets.
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