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Vitalik Buterin updated on several CROPS AI related developments and pointed out that there is a clear intersection between the "CROPS Ethereum access layer" and "CROPS AI." He stated that if remote large language models could be called for payment through zero-knowledge proofs, it could also be used to solve the Ethereum private RPC reading issue.Meanwhile, Deepseek v4 has been released, and the 2-bit quantization version can run within 90 GB, but currently runs faster on Apple hardware; the messaging app messa has supported Telegram Alpha features; the model running tool luceb has shown higher efficiency when running intensive models; the local AI recording tool VoxTerm is still under continuous development. Vitalik Buterin also mentioned that large language models fine-tuned for specific applications will help improve secure code writing capabilities, and corresponding fine-tuned models should be available for Ethereum-related scenarios.

According to Jinshi reports, Federal Reserve Vice Chairman Jefferson stated that energy shocks pose a downside risk to economic growth while posing an upside risk to inflation.

According to a report by Reuters citing the German newspaper Handelsblatt, the European Union is planning to impose fines in the hundreds of millions of euros on Google's parent company Alphabet in response to its alleged violations of the Digital Markets Act (DMA). Sources indicate that a related decision is nearing completion and is expected to be announced before the summer recess, potentially becoming the largest fine issued by the EU under the DMA.The investigation officially began in March 2025, focusing on whether Google prioritizes its own services in search results, thereby harming fair competition in the market. The European Commission stated that its primary goal is to ensure corporate compliance rather than simply imposing penalties, but if the corrective measures do not meet regulatory requirements, enforcement procedures will continue. Google responded that the adjustments made to its search products in accordance with DMA requirements have significantly impacted user experience and expressed a desire to reach a resolution with regulators.

According to Cryptopolitan, Kenya's 2026 Finance Bill proposes a 10% consumption tax on virtual asset service providers, which is double the 5% rate for the gambling industry. The bill also requires crypto companies to pay a one-time licensing fee of 150 million Kenyan Shillings and an annual renewal fee of 2 million Kenyan Shillings before operating in Kenya, and to submit an annual report to the Kenya Revenue Authority containing user and transaction details.Analysts believe this move could force crypto trading platforms and users to relocate their business to countries that are more friendly to cryptocurrencies, undermining Kenya's significance in the African crypto market. Protests led by GenZ have resumed in places like Nairobi, protesting the increased tax burden on digital services, cryptocurrencies, mobile, and financial transactions.

The Wall Street Journal published an article pointing out that although the GENIUS Act and the CLARITY Act are promoting the compliance of stablecoins, the essence of stablecoins still belongs to "private currency," which may pose structural risks to the financial system.The article notes that stablecoins aim to combine the stability of the US dollar with the efficiency of blockchain payments, but because they operate on fragmented, privatized infrastructure, they do not possess the unity of the traditional US dollar system. Although USDT and USDC are pegged to the dollar, their prices may still deviate from 1 dollar.In addition, there is an incentive for stablecoin issuers to enhance returns by allocating high-risk, low-liquidity assets. If the value of these related assets declines, it could trigger de-pegging and concentrated redemption risks. The article cites Chainalysis data stating that stablecoins account for 84% of illegal activities in cryptocurrency, mainly involving sanctions evasion and money laundering, while real economic payment scenarios account for less than 1%.The Wall Street Journal believes that stablecoins are replaying the path of private currency experiments from the "Free Banking Era" in 19th century America, and in the future, they may need to accept stricter regulation like banks and integrate more deeply into the central bank system.

Babylon Labs has initiated a temperature check proposal in the Aave community, proposing to integrate native Bitcoin as collateral on Aave V4 through the Babylon Trustless Bitcoin Vaults protocol.This solution does not require wrapping, cross-chain bridges, or custodians. Users will lock Bitcoin in Taproot UTXOs, and redemptions will be controlled by on-chain rules (such as loan repayments), settling directly to Bitcoin UTXOs. The proposal deploys two Aave V4 Spokes: Babylon Core Lending Spoke (lending) and BTC Vault Swap Spoke (post-liquidation settlement).Collateral exists in the form of vaultBTC, a transfer-restricted ERC-20 token that can only be transferred between fixed whitelisted addresses. In the liquidation process, liquidators can immediately settle with WBTC, and subsequent Bitcoin redemptions will be completed by arbitrageurs.

The Federal Deposit Insurance Corporation (FDIC) has proposed a new regulation to establish Bank Secrecy Act (BSA) and sanctions compliance standards for stablecoin issuers under its supervision. The new regulation requires stablecoin issuing institutions to comply with all applicable regulations related to anti-money laundering / counter-terrorism financing (AML/CFT), economic sanctions programs, and reporting requirements, including those issued by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC).The rule will also establish regulatory and enforcement provisions for AML/CFT programs in accordance with FinCEN's requirements. The proposed rule will be open for public comment for 60 days after its publication in the Federal Register.

According to a report by Reuters, the European Central Bank opposed the proposal to promote more euro stablecoins at the EU finance ministers' meeting, arguing that relaxing liquidity requirements for stablecoin issuers, or even allowing them access to financing from the European Central Bank, could undermine the stability of bank deposits, suppress bank lending, and increase the difficulty of interest rate regulation.The proposal was put forward by Bruegel in the meeting documents, aiming to expand the market currently dominated by dollar stablecoins. European Central Bank President Christine Lagarde has previously expressed a cautious attitude towards euro stablecoins and has shown more support for tokenized commercial bank deposit schemes.The report also stated that the EU is reviewing the MiCA, which will take effect in 2024, while the U.S. will pass the more lenient GENIUS Act in 2025.

The Federal Deposit Insurance Corporation (FDIC) announced new regulations aimed at establishing Bank Secrecy Act (BSA) and sanctions compliance standards for stablecoin issuers under its supervision. According to the requirements of the GENIUS Act, U.S. federal banking regulators must develop a regulatory framework for stablecoin issuers.Previously, the FDIC proposed two rules concerning the process for bank subsidiaries to apply to become stablecoin issuers, as well as capital, liquidity, and risk management requirements. The latest proposal further requires stablecoin issuers to comply with anti-money laundering/combating the financing of terrorism (AML/CFT), economic sanctions, and related reporting obligations, including those established by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC). Additionally, the FDIC plans to establish a supervisory and enforcement mechanism for AML/CFT programs. The proposal will be open for a 60-day public comment period after its publication in the Federal Register.

According to The Block, U.S. House Representatives Nick Begich and Jared Golden have proposed the "American Reserve Modernization Act of 2026," which aims to establish a U.S. strategic Bitcoin reserve and create an independent digital asset reserve for non-Bitcoin assets.The bill stipulates that the Bitcoin included in the reserve must be locked for at least 20 years, during which it cannot be sold, exchanged, auctioned, or otherwise disposed of. Unlike the previously proposed "BITCOIN Act," which aimed to purchase 1 million Bitcoins within 5 years, ARMA does not set a specific purchase target but instead requires the Treasury and Commerce Departments to study ways to increase asset holdings through a "budget-neutral" approach.The bill also requires federal agencies to disclose their held digital assets within 60 days of the bill's enactment and implement quarterly reserve proofs, independent audits, and congressional oversight.

Futu Holdings (FUTU.O) announced today that the company has received a notice of investigation and a pre-notice of administrative penalty from the China Securities Regulatory Commission (CSRC) and its Shenzhen branch.The CSRC pointed out that certain Futu entities in mainland China and Hong Kong have engaged in securities business, public fund sales, and futures business in mainland China without obtaining the necessary licenses or approvals, violating the Securities Law, the Securities Investment Fund Law, and the Futures and Derivatives Law of the People's Republic of China. The CSRC intends to order the relevant companies to rectify or cease such activities, confiscate illegal gains, and impose fines, with a proposed total fine of approximately 1.85 billion yuan (about 271 million USD).In addition, the CSRC plans to impose a personal fine of 1.25 million yuan (about 183,575 USD) on the company's founder and CEO, Mr. Li Hua. Futu Holdings stated that the proposed fines are still subject to further procedures and the CSRC's final decision.

The China Securities Regulatory Commission has filed an investigation and issued a prior notice of administrative punishment against TigerBrokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited for illegal securities business operations by relevant entities both domestically and abroad.According to the notice, the relevant entities of Tiger, Futu, and Changqiao conducted securities trading marketing, processed trading instructions, and provided related securities business services to obtain relevant income without the approval of our commission and without obtaining the licenses for securities brokerage business and securities financing and margin trading business, violating the provisions of Article 120 of the Securities Law, thus constituting illegal operation of securities business.In accordance with the provisions of Article 202 of the Securities Law, Article 136 of the Securities Investment Fund Law, and Article 132 of the Futures and Derivatives Law, our commission intends to decide to confiscate all illegal gains of the relevant entities of Tiger, Futu, and Changqiao, and impose severe penalties according to the law. The parties involved have the right to make statements, defend themselves, and request a hearing regarding the administrative penalties to be imposed. Our commission will fully listen to the opinions of the parties involved before making an administrative penalty decision in accordance with the law.

According to Bitcoin News, U.S. Congressman Nick Begich has introduced the "U.S. Reserve Modernization Act," which already has 16 original co-sponsors. The bill will establish a strategic Bitcoin reserve, integrate federally held digital assets, and lock them in as long-term reserve assets for at least 20 years.The bill also explores budget-neutral Bitcoin acquisition strategies while protecting the reserves from future government and congressional liquidation efforts. The media commented that the strategic Bitcoin reserve established by Trump through an executive order will be formally enshrined in law by the "U.S. Reserve Modernization Act."

According to The Block, former Ethereum Foundation researcher Dankrad Feist posted on the X platform, proposing the establishment of a new organization aligned with the Ethereum economy to "save" Ethereum. He believes that the Ethereum Foundation currently holds less than 0.1% of ETH, with no staking or fee income flowing in, so the new organization needs to raise at least $1 billion in funding, managed by competent leaders, with part of the funds coming from staking income, and driven by a more responsible board to boost Ethereum's price.Feist left the foundation last year to join Layer 1 network Tempo. He co-created the Danksharding shard design in the Ethereum community to enhance Layer 2 scalability, was appointed as a strategic advisor in areas such as L1 scaling and user experience during the restructuring of the foundation's leadership, and proposed EIP-9698, which would increase the Gas limit by 100 times.

According to TechCrunch, Trump Mobile has been reported to have a user data breach involving personal information such as customer email addresses and mailing addresses, which is still accessible online.YouTube creators Coffeezilla and penguinz0 stated that after ordering the Trump Gold T1 phone, they received alerts from security researchers indicating that their personal information had appeared in the leaked data set. Coffeezilla mentioned that the leaked content almost covered all basic identity information, with the exception of credit card numbers, and warned users not to place orders on the platform. The two indicated that the leaked data likely originated from publicly accessible systems, and they have not yet received an official response or fix from Trump Mobile, leaving the issues unresolved.Based on the order numbers in the leaked data, the actual number of reservations is estimated to be around 30,000 units, far below the previously expected pre-sale scale of about 590,000. Analysts believe that this incident further raises doubts about Trump Mobile's product delivery and basic security capabilities.

According to CoinPost, the "Next Generation AI and On-Chain Finance Concept Project Group" of the Liberal Democratic Party of Japan has released a proposal that suggests combining AI with blockchain to automate decision-making, financing, and asset management, operating around the clock, and lists finance as the "18th growth investment area."Specific measures in the proposal include: promoting the tokenization of current accounts at the Bank of Japan (including wholesale CBDC), completing the argument organization within the year; the three major banks jointly issuing stablecoins, aiming to launch practical operations before March next year; and promoting the on-chain tokenization of real assets (RWA) such as accounts receivable and real estate.On the international cooperation front, the proposal suggests establishing an "AI and On-Chain Finance Asia Policy Dialogue Framework" and advancing cross-border settlements using yen-denominated stablecoins, building a "Global SC Corridor Concept."

Aave has officially proposed a principal retention charitable donation layer, allowing users to continuously donate the generated income to charity while retaining control and liquidity of the principal.The proposal is currently undergoing a temp-check vote in the Aave governance forum. Its core aim is to address three major pain points of traditional charitable models: donors must permanently give up the principal, the funding flow of charitable organizations is unstable, and there is a lack of transparency in the use of funds.According to the proposal, users can deposit assets into yield-generating infrastructures like Aave, direct the earned income to donations, and withdraw the principal at any time.

According to an official announcement, the National Credit Union Administration (NCUA) has released a proposed rule outlining the operational and risk management standards for stablecoin issuers permitted under the GENIUS Act. NCUA Chairman Kyle Hauptman stated that the proposed rule aims to ensure that credit unions are not at a disadvantage in terms of standards and aligns with the proposed standards for bank subsidiaries. The proposed rule has been published in the Federal Register, and the comment period will close on July 17, 2026.

According to crypto journalist Eleanor Terrett, on the eve of the U.S. Senate Banking Committee's review of the "Clarity Act," committee members submitted over 100 amendments last night. The DeFi advocacy organization @fund_defi characterized some of these amendments as "anti-DeFi amendments," believing they would harm the rights of DeFi technology, users, and developers, and called on supporters to urgently lobby senators to oppose them.It is reported that the aforementioned amendments were jointly proposed by Democratic senators Cortez Masto, Andy Kim, Chris Van Hollen, Warren, and Jack Reed, targeting the core DeFi protection provisions in the bill, including the Blockchain Regulatory Certainty Act (BRCA), non-controlling software developer protections, DeFi front-end protections, tokenization provisions, and proposed expansions of BSA/AML compliance obligations for developers and digital asset businesses.