On August 1, news reported by CCTV stated that the Hong Kong "Stablecoin Regulation Draft" has officially come into effect. This establishes a licensing system for fiat stablecoin issuers in Hong Kong, improving the regulatory framework for virtual asset activities in Hong Kong to maintain financial stability while promoting financial innovation.

On July 31, the White House released the long-awaited digital asset report, which outlines a national strategy aimed at positioning the United States as a global leader in Blockchain, Crypto Assets markets, and tokenization finance. Although the report covers a wide range of digital asset policy areas, it does not provide substantial updates on the government's plans for Bitcoin reserves, merely reiterating the statements in President Trump's January executive order without listing follow-up steps or implementation timelines. The issuance of this report stems from an executive order signed by

On July 30, news reported by CCTV stated that from July 28 to 29 local time, the Chinese side led by Vice Premier He Lifeng and the U.S. side led by Treasury Secretary Janet Yellen and Trade Representative Katherine Tai held China-U.S. economic and trade talks in Stockholm, Sweden. He Lifeng expressed that moving forward, both sides should continue to fully leverage the China-U.S. economic and trade consultation mechanism in accordance with the important Consensus reached in the conversation between the two countries' leaders, continuously enhance consensus, reduce misunderstandings, strengthe

On July 29, according to CCTV News, the ceasefire agreement between Thailand and Cambodia officially came into effect at midnight local time on July 28. In the afternoon of the 28th, Cambodian Prime Minister Hun Manet and Thai Acting Prime Minister Puttan led senior delegations to a special meeting on the Cambodia-Thailand border situation held in Putrajaya, Malaysia. The Malaysian Prime Minister stated that both Thailand and Cambodia agreed to ceasefire, which took effect at midnight (local time on the 28th). On that day, both sides confirmed that they had reached an agreement on the ceasefir

According to the Chosun Ilbo, South Korean National Assembly member Ahn Doo-jae will officially submit the draft "Law on the Issuance and Circulation of Value-Stable Digital Assets" today. This is South Korea's first systematic legislative proposal targeting the issuance, circulation, and regulation of stablecoins denominated in Korean won, which is more specialized than the stablecoin provisions in last month's "Basic Law on Digital Assets" by member Min Byung-deok. Notably, ruling party member Kim Eun-hye was also reported by the "Daily Economic News" to submit a similar bill this week, crea

On July 27, news reported by the Economic Daily stated that since July, financial management departments and industry self-regulatory organizations in multiple regions have consecutively issued risk warning announcements. With the rising concept of stablecoins, some illegal activities by criminals using stablecoins as a gimmick have emerged, and their potential risks warrant high vigilance. Financial management departments and industry self-regulatory organizations in various regions remind consumers that before engaging in investment and financial management, it is essential to verify the leg

On July 26, news reported by Jin10 citing Xinhua, the Chinese government has proposed the establishment of a World Artificial Intelligence Cooperation Organization. This initiative is an important measure by the Chinese side to uphold multilateralism and promote global governance through consultation, joint construction, and shared benefits. It also represents a practical action in response to the calls from the global South, aiming to bridge the digital and intelligent divide and promote the benevolent and inclusive development of artificial intelligence. The organization is preliminarily con

On July 25, news reported by the Procuratorial Daily stated that He and others quietly launched another set of project codes with "backdoors" after a security audit, using the "backdoor" to manipulate platform data and swap and transfer the virtual money staked by investors on the platform. In just two months, 103 investors lost virtual money worth approximately 77.76 million yuan. The Yumen County Procuratorate in Hubei Province filed a public prosecution, and in March of this year, the court sentenced He and three others to fixed-term imprisonment ranging from thirteen to three years for fra

On July 24, news from Decrypt reported that two men charged with kidnapping and torturing a Bitcoin trader in New York were recently released on $1 million bail each, despite facing charges that could lead to life imprisonment. It is reported that the judge approved the bail request, considering the doubts in witness testimonies and inconsistencies in the parties' statements. Prosecutors claimed that the two had subjected the victim to two weeks of violent threats and torture in an attempt to force him to hand over his crypto assets. However, the defense argued that the victim was not under fo

On July 24, news reported by Eleanor Terrett stated that during a press conference before the House of Representatives' August recess, House Majority Whip Tom Emmer expressed his intention to seek more support from Senate Democrats for his "Blockchain Regulatory Certainty Act." The bill aims to clarify that blockchain developers and infrastructure providers (such as miners, validators, and node operators) are not considered money transmitters as long as they do not hold funds. Emmer referred to the bill as a "bipartisan issue," emphasizing the importance of having clear rules to protect Americ

The President of the Hong Kong Monetary Authority, Yu Weiwen, reminded that there have been recent scams using the promotion of digital assets and stablecoins, causing losses to the public. The "Stablecoin Regulation" will take effect on August 1, and according to the regulation, promoting any unlicensed stablecoin to the public in Hong Kong from the effective date is illegal. Yu Weiwen revealed that the primary focus of central banks and financial regulators in various countries is how to prevent stablecoins from being used as Money Laundering tools, especially in cross-border scenarios. The

On July 23, news emerged that House Speaker Johnson expressed his "disappointment" with Fed Chair Powell, following President Trump’s ongoing criticism of the Fed Chair due to dissatisfaction with high interest rates. When asked if he would support Trump in firing Powell, Johnson stated he was unsure whether there was legal authority to remove the Fed Chair. Johnson also hinted at an openness to amending the Federal Reserve Act. This law, enacted in 1913, established the U.S. Central Bank system, and Fed officials have historically resisted such amendments. The last major revision of the law o

On July 22, news came that U.S. Treasury Secretary Basent publicly supported Fed Chairman Powell amid frequent criticism from Trump administration officials, stating that he sees no reason for him to step down at this time. Basent said in an interview with Fox Business Channel on Tuesday: "There is no indication that he should resign now; his term will end in May next year. If he wants to stay the course, I think he should do that. If he wants to leave early, I think that’s fine too." For months, Powell has faced criticism from Trump for leading the Fed to keep interest rates unchanged, concer

According to informed sources, officials from the Bank of Japan believe that there is hardly any need to change the gradual interest rate hike monetary policy stance after Prime Minister Shigeru Ishiba faced setbacks in the Senate elections. Although officials will continue to closely follow the trends in government fiscal policy, they still believe that if the economic outlook is realized as expected, it is appropriate to continue raising the Benchmark Interest Rate. Informed sources said that the policy committee led by Bank of Japan Governor Kazuo Ueda is likely to keep the interest rate at

BTCS, a company focused on Blockchain technology (NASDAQ: BTCS), announced today that at an Ether (ETH) price of $3,600, the market capitalization of its holdings of 55,788 ETH, cash, and other liquid assets is approximately $242.2 million. The Ethereum holdings increased by 22,935 from the last announcement (32,853), bringing the total holdings to 55,788, representing an increase of 69.8%. Additionally, the company has agreed to issue $10 million in Convertible Bonds as part of a $56 million financing arrangement previously reached with ATW Partners LLC.

On July 21, news came that Chutianlong held an online communication meeting with investors. An institutional investor asked: What progress has the company made in the digital currency business in the first half of this year? Chutianlong replied that first, the company's system development business related to digital currency is growing rapidly, with some system platforms already delivered to a certain bank for operation; second, the company continues to consolidate its market position in advantageous areas such as digital currency hardware Wallets, issuance, and acceptance terminals; third, it

Presto Research analyst Min Jung stated that supported by continuous institutional demand (especially from crypto assets fund management companies), Bitcoin continues to hover around historical highs, and ETH prices also benefit from the push by institutional investors, with more and more publicly listed companies beginning to incorporate ETH into their corporate treasury. The market is showing early signs of a season for alts, but whether this strong momentum will extend to the broader altcoin market remains uncertain.

On July 20, news reported by the Financial Times stated that U.S. President Trump signed the stablecoin regulatory bill on the 18th, marking the first federal legislation on stablecoins in the United States. However, the development of stablecoins conceals various risks and raises concerns about how they will reshape the financial ecosystem. The cross-border flow of funds in stablecoins is anonymous, making it difficult for regulators to effectively track the flow of funds and accurately estimate the scale of funds, which provides opportunities for illegal financial activities such as Money La

On July 20, news reported by Jin10 stated that U.S. Secretary of Commerce, Lutnik, said that Powell has kept the interest rate too high. August 1 is the deadline for imposing tariffs, and small countries need to pay a 10% benchmark tariff. It is expected that Trump will definitely renegotiate the US-Mexico-Canada trade agreement and is confident of reaching an agreement with the European Union.

According to reports from the Huaxia Times, the People's Court of Pudong New District in Shanghai recently announced a case of illegal cross-border currency exchange using stablecoins. Yang and Xu, among others, manipulated domestic shell company accounts to provide stablecoin services for clients to achieve cross-border fund transfers, with illegal forex transactions amounting to 6.5 billion yuan over three years. This criminal group used USDT as a medium and provided illegal exchange services for clients through a cross-border "matching" method. Domestic clients paid yuan to designated accou