Author: 行政

Stablecoins won over users by making money easier to move, long before the financial world agreed on what they meant. That helps explain the scale of USDT and USDC: they never had to replace the global reserve system to become powerful.They simply made dollars easier to move online, and crypto markets made the network effect impossible to ignore.On July 7, 2026, Beijing and Hong Kong unveiled a group of measures designed to strengthen Hong Kong’s role in offshore yuan finance.Hong Kong began trial operations of a central gold clearing and settlement system, revived US dollar-denominated gold futures, and said it was exploring yuan-denominated…

AI cloud infrastructure provider, CoreWeave, has secured more than $20 billion in debt and equity financing this year, including a recently closed $3.1 billion loan backed by graphics processing units.The oversubscribed facility shows the scale of institutional demand for companies and infrastructure tied to the AI buildout. Investors have aggressively poured money into the sector throughout 2026, with CryptoRank data ranking AI as the year’s most popular funding category.In stark contrast, Bitcoin has moved in the opposite direction. The largest digital asset has fallen more than 50% from its previous peak near $126,000, even as the global money supply has…

Circle received approval from the OCC on July 10 to establish a bank called Circle National Trust. That does not give the USDC issuer the powers most people associate with a commercial bank.The national trust bank cannot accept ordinary deposits, make loans, offer checking or savings accounts, or provide FDIC-insured retail banking services. The decision is final, unlike the OCC’s preliminary conditional approval from December 2025, but its approved business remains centered on fiduciary custody. Related ReadingCircle targets federally regulated trust status to manage stablecoin reserves, offer custody servicesCircle aims to streamline compliance ahead of the potential passage of the…

Bitcoin traded near $64,100 on Saturday as the clock ticked toward a key test for its rebound. June’s US consumer price index is due at 8:30 a.m. ET on July 14, leaving the market with about three days before the next major macro catalyst.The largest crypto asset had gained about 2.6% over seven days, according to CryptoSlate market data, but 24-hour volume was running 21% below its recent average. Bitcoin has rebounded, but buyers have yet to fully commit.The scheduled inflation report will hit a rates market that makes that gap harder to ignore.Futures-derived probabilities using CME FedWatch methodology put…

Bitcoin’s more than $10 billion corporate credit market is still attracting new entrants after a June selloff triggered margin calls and drove its leading preferred shares far below par.A new report from BitcoinTreasuries.net described the downturn as the sector’s first meaningful stress test, offering an early measure of whether companies can reliably build financing structures around their cryptocurrency reserves.The selloff showed how quickly supposedly stable products can buckle when too much leverage piles in. Yet the market emerged bruised but operational. Dividend payments continued, secondary-market volumes reached record levels, and corporate treasuries kept adding Bitcoin to their balance sheets.That resilience…

AscendEX shut down on July 1, leaving some customers unsure whether they will recover their funds.The exchange said in a July 6 notice that it does not hold authorization under the European Union’s Markets in Crypto-Assets framework. It also cited financial and operational pressures, including a failed strategic transaction expected to provide liquidity.Customers can no longer use AscendEX to open accounts, deposit funds, trade, swap, stake or lend. They should retain access only to withdraw assets and complete other exit steps, provided the platform remains available, and no legal or insolvency restrictions intervene. Related ReadingMillions of EU crypto users face…

Hong Kong crypto platforms have until July 8, 2027, to ditch one-time passwords for client logins and device registration under new security rules.By then, licensed virtual asset service providers and internet brokers must use authentication that can resist phishing for client logins and the registration or binding of devices, according to a July 9 circular.The regulator said one-time passwords, or OTPs, do not meet that standard and should not be used for those two processes.The rule applies only when clients log in or link a new device, leaving other OTP uses unchanged.Firms do not have to make existing clients rebind…

Terraform Labs’ bankruptcy court cleared the Plan Administrator to use Jump Trading documents in a lawsuit seeking at least $4 billion while rejecting four late crypto-loss claims.One order lets the administrator use Jump Trading documents in the $4 billion lawsuit. The other rejects four late claims, narrowing who may share in any recovery. Neither decides whether Jump owes money or how much creditors could receive. Related ReadingTerraform Labs secures court approval to wind-down operations after settling with SECUS Bankruptcy Judge Brendan Shannon approved Terraform’s bankruptcy plan in Wilmington, Delaware, giving a green light to the wind-down. Sep 19, 2024 ·…

Regulators have until July 18, 2026, to turn the GENIUS Act from a statute into access rules for stablecoin issuers that want a clear regulatory path into the US.That date is the Act’s one-year rulemaking deadline, not a blanket cutoff for users or every restriction on issuers. Public Law 119-27 requires primary federal payment stablecoin regulators, Treasury, and state payment stablecoin regulators to issue implementing regulations through notice-and-comment rulemaking within one year of enactment.The law’s effective date is separate from this deadline. According to the OCC, the GENIUS Act takes effect on the earlier of two dates: 18 months after…

Three SEC crypto proposals are now penciled in for July, covering token offerings, broker-dealer custody and trading venues. The agency could start writing the rules before the Senate even decides whether to take up the CLARITY Act.Earlier this week, SEC Chair Paul Atkins said the agency’s 2026 regulatory agenda aims to bring more crypto products onshore, create clearer rules for capital raising with crypto assets, and clarify how market participants can custody and facilitate the trading of tokenized securities on-chain.According to him:“[These efforts are to] ensure that the next chapter of financial leadership is written in the US, and that…