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On July 12, during an interview with FOX Business, Circle President Heath Tarbert addressed concerns regarding the stock price plummeting from $260 to $62. He stated that the company is focused on long-term development and believes that if it can achieve its mission of building a full-stack internet platform infrastructure, the stock price will ultimately reflect that in the long run. In light of new competition from the Open USD Alliance, which includes 140 companies such as Visa, Stripe, Mastercard, and Google, Heath Tarbert emphasized that USDC, as a native stablecoin supporting 34 blockchains, has a network effect from its $73 billion circulation that is very difficult to replicate. In response to the market position difference with Tether, he noted that USDC is the largest regulated stablecoin globally and has the highest actual trading volume.

[Circle President Responds to Stock Price Drop from $260 to $62]On July 12, during an interview with FOX Business, Circle President Heath Tarbert addressed concerns regarding the stock price plummeting from $260 to $62. He stated that the company is focused on long-term development and believes that if it can achieve its mission of building a full-stack internet platform infrastructure, the stock price will ultimately reflect that in the long run. In light of new competition from the Open USD Alliance, which includes 140 companies such as Visa, Stripe, Mastercard, and Google, Heath Tarbert emphasized that USDC, as a native stablecoin supporting 34 blockchains, has a network effect from its $73 billion circulation that is very difficult to replicate. In response to the market position difference with Tether, he noted that USDC is the largest regulated stablecoin globally and has the highest actual trading volume.

Circle President Responds to Stock Price Drop from $260 to $62

On July 20, according to an asset forfeiture announcement from the U.S. Department of Justice, the Southern District of Florida Federal Court has ordered the seizure of approximately 90.319 BTC, 7999.873 XMR, and a small amount of XRP, XLM, and SOL held by Angelo Martino, a conspirator of the BlackCat/ALPHV ransomware. Roughly calculated at current market rates, the total value of the crypto assets is about $8.37 million, with BTC valued at approximately $5.84 million, XMR at about $2.46 million, and other tokens totaling around $71,000. The court also ordered the seizure of two properties in Florida, as well as vehicles and boats. Martino, who served as a ransomware negotiator, was sentenced to 70 months in prison for leaking client negotiation information to attackers and participating in ransomware attacks.

[BlackCat Ransomware Conspirator Has Approximately $8.37 Million in Crypto Assets and Properties Seized]On July 20, according to an asset forfeiture announcement from the U.S. Department of Justice, the Southern District of Florida Federal Court has ordered the seizure of approximately 90.319 BTC, 7999.873 XMR, and a small amount of XRP, XLM, and SOL held by Angelo Martino, a conspirator of the BlackCat/ALPHV ransomware. Roughly calculated at current market rates, the total value of the crypto assets is about $8.37 million, with BTC valued at approximately $5.84 million, XMR at about $2.46 million, and other tokens totaling around $71,000. The court also ordered the seizure of two properties in Florida, as well as vehicles and boats. Martino, who served as a ransomware negotiator, was sentenced to 70 months in prison for leaking client negotiation information to attackers and participating in ransomware attacks.

BlackCat Ransomware Conspirator Has Approximately $8.37 Million in Crypto Assets and Properties Seized

On July 19, CoinDesk reported that foreign stablecoin issuers like Tether may need to meet the requirements of the GENIUS Act by July 2028, or risk losing their listing eligibility on centralized exchanges in the United States. Compliance requirements may include registering with the Office of the Comptroller of the Currency (OCC), adhering to U.S. freeze and seizure orders, and adjusting the reserve structure of USDT. Federal regulators have yet to finalize the implementation details.

[USDT Faces Two-Year Compliance Countdown on US Crypto Platforms]On July 19, CoinDesk reported that foreign stablecoin issuers like Tether may need to meet the requirements of the GENIUS Act by July 2028, or risk losing their listing eligibility on centralized exchanges in the United States. Compliance requirements may include registering with the Office of the Comptroller of the Currency (OCC), adhering to U.S. freeze and seizure orders, and adjusting the reserve structure of USDT. Federal regulators have yet to finalize the implementation details.

USDT Faces Two-Year Compliance Countdown on US Crypto Platforms

On July 20, according to statistics from Bubblemaps, the top 50 memecoins on the Robinhood platform involve approximately 164,500 traders, with about 63% of accounts in a losing position and only about 37% achieving profits. Bubblemaps also conducted on-chain analysis of the holdings distribution for some popular memecoins on Robinhood, indicating that $CASHCAT has a relatively dispersed holding pattern with no significant whale clusters, while $CASHDOG provides funding to holders through a one-time contract concentration. The distribution of $TENDIES is relatively decentralized, with no large concentrated addresses.

[Approximately 63% of Top 50 Memecoin Traders on Robinhood are at a Loss]On July 20, according to statistics from Bubblemaps, the top 50 memecoins on the Robinhood platform involve approximately 164,500 traders, with about 63% of accounts in a losing position and only about 37% achieving profits. Bubblemaps also conducted on-chain analysis of the holdings distribution for some popular memecoins on Robinhood, indicating that $CASHCAT has a relatively dispersed holding pattern with no significant whale clusters, while $CASHDOG provides funding to holders through a one-time contract concentration. The distribution of $TENDIES is relatively decentralized, with no large concentrated addresses.

Approximately 63% of Top 50 Memecoin Traders on Robinhood are at a Loss

On July 20, CoinDesk reported that Brian Trunzo, an executive at Succinct Labs, stated that the traditional approach of relying on AI to 'detect AI' has become ineffective. As autonomous AI agents begin to participate on a large scale in browsing, trading, content publishing, and interacting with humans, the internet is facing a systemic 'trust crisis.' He pointed out that zero-knowledge proofs (ZK) can provide AI with independent and tamper-proof 'behavior credentials,' proving the model, training data, inference processes, and permission boundaries without exposing underlying data, while distinguishing between human and agent identities. The article calls for legislation in the U.S. requiring agents to carry verifiable cryptographic proofs in high-risk AI scenarios (such as financial transactions and interactions with minors), shifting responsibility from 'the content itself' to 'the lack of verifiable proof.'

[Succinct Labs Executive: Zero-Knowledge Proofs Can Provide AI with Independent and Tamper-Proof 'Behavior Credentials']On July 20, CoinDesk reported that Brian Trunzo, an executive at Succinct Labs, stated that the traditional approach of relying on AI to 'detect AI' has become ineffective. As autonomous AI agents begin to participate on a large scale in browsing, trading, content publishing, and interacting with humans, the internet is facing a systemic 'trust crisis.' He pointed out that zero-knowledge proofs (ZK) can provide AI with independent and tamper-proof 'behavior credentials,' proving the model, training data, inference processes, and permission boundaries without exposing underlying data, while distinguishing between human and agent identities. The article calls for legislation in the U.S. requiring agents to carry verifiable cryptographic proofs in high-risk AI scenarios (such as financial transactions and interactions with minors), shifting responsibility from 'the content itself' to 'the lack of verifiable proof.'

Succinct Labs Executive: Zero-Knowledge Proofs Can Provide AI with Independent and Tamper-Proof 'Behavior Credentials'

On July 20, during the World Artificial Intelligence Conference, Academician Yao Qizhi discussed new directions in AI development, human-machine collaboration, and youth growth reflections at the Thinkers Forum on July 19. Regarding the current state of AI development in China, Yao stated that the progress of the domestic AI industry has been very rapid in recent years, placing its overall development level among the world's leaders. He also emphasized that humans themselves are the most valuable, and when people learn to use tools, they become stronger when combined with those tools. 'I believe that in two or three years, AI will bring a tremendous change to those engaged in scientific research. In the future, individual capabilities combined with AI tools will form a new synergy, where the competition will be between these combinations rather than individuals.'

[Yao Qizhi: China Leads the Global AI Industry]On July 20, during the World Artificial Intelligence Conference, Academician Yao Qizhi discussed new directions in AI development, human-machine collaboration, and youth growth reflections at the Thinkers Forum on July 19. Regarding the current state of AI development in China, Yao stated that the progress of the domestic AI industry has been very rapid in recent years, placing its overall development level among the world's leaders. He also emphasized that humans themselves are the most valuable, and when people learn to use tools, they become stronger when combined with those tools. 'I believe that in two or three years, AI will bring a tremendous change to those engaged in scientific research. In the future, individual capabilities combined with AI tools will form a new synergy, where the competition will be between these combinations rather than individuals.'

Yao Qizhi: China Leads the Global AI Industry

On July 20, Arkham data revealed that 84 million BANK tokens (Lorenzo Protocol) were transferred from the BANK Foundation address to a newly created wallet, and subsequently moved to the Aster deposit address, valued at approximately $13.7 million. Market information indicates that BANK has increased more than threefold in the past three days, briefly surpassing $0.21, and is currently reported at $0.163, with a 24-hour increase of 53.7%.

[84 Million BANK Tokens Transferred from Foundation to Aster Deposit Address, Valued at Approximately $13.7 Million]On July 20, Arkham data revealed that 84 million BANK tokens (Lorenzo Protocol) were transferred from the BANK Foundation address to a newly created wallet, and subsequently moved to the Aster deposit address, valued at approximately $13.7 million. Market information indicates that BANK has increased more than threefold in the past three days, briefly surpassing $0.21, and is currently reported at $0.163, with a 24-hour increase of 53.7%.

84 Million BANK Tokens Transferred from Foundation to Aster Deposit Address, Valued at Approximately $13.7 Million

On July 20, Jason Oxman, CEO of the Electronic Transactions Association (ETA), which includes major payment giants like Visa, Mastercard, Amazon, and PayPal, stated that association members are gradually recognizing the transformative value of Bitcoin. In the future, traditional electronic payment institutions will establish more collaborations with Bitcoin-focused startups. Oxman emphasized that the ETA will not favor or exclude any electronic payment technology, as the core of the industry is to meet the transaction needs of merchants and users. He noted that the early educational efforts of the Bitcoin Foundation have helped the payment industry acknowledge Bitcoin's commercial value, and there are already collaborations between association members and Bitcoin payment service providers. Additionally, he discussed the New York BitLicense regulatory proposal, expressing understanding of the regulatory focus on consumer protection, but urged regulators to avoid a one-size-fits-all approach and to conduct in-depth research on Bitcoin, blockchain mechanisms, and user protection measures.

[ETA CEO: Industry to Collaborate More with Bitcoin Startups]On July 20, Jason Oxman, CEO of the Electronic Transactions Association (ETA), which includes major payment giants like Visa, Mastercard, Amazon, and PayPal, stated that association members are gradually recognizing the transformative value of Bitcoin. In the future, traditional electronic payment institutions will establish more collaborations with Bitcoin-focused startups. Oxman emphasized that the ETA will not favor or exclude any electronic payment technology, as the core of the industry is to meet the transaction needs of merchants and users. He noted that the early educational efforts of the Bitcoin Foundation have helped the payment industry acknowledge Bitcoin's commercial value, and there are already collaborations between association members and Bitcoin payment service providers. Additionally, he discussed the New York BitLicense regulatory proposal, expressing understanding of the regulatory focus on consumer protection, but urged regulators to avoid a one-size-fits-all approach and to conduct in-depth research on Bitcoin, blockchain mechanisms, and user protection measures.

ETA CEO: Industry to Collaborate More with Bitcoin Startups

On July 20, on-chain data showed that 84 million BANK tokens were transferred from the BANK Foundation Wallet (0xEde6…3B11a) to a new address (0x5721…22Bd8), which subsequently transferred the related tokens to Aster's deposit address (0x1284…87974). Market data indicates that the price of BANK tokens has surged significantly over the past few days, increasing more than threefold, currently reported at approximately $0.16.

[BANK Foundation Suspected of Transferring 84 Million BANK Tokens to Aster]On July 20, on-chain data showed that 84 million BANK tokens were transferred from the BANK Foundation Wallet (0xEde6…3B11a) to a new address (0x5721…22Bd8), which subsequently transferred the related tokens to Aster's deposit address (0x1284…87974). Market data indicates that the price of BANK tokens has surged significantly over the past few days, increasing more than threefold, currently reported at approximately $0.16.

BANK Foundation Suspected of Transferring 84 Million BANK Tokens to Aster

Huobi Korea announced to the public last Friday that, given the current business environment, the company has decided to terminate its virtual asset trading platform services. Huobi Korea stated that although it has been updating its brand and system to provide better virtual asset trading platform services, after careful consideration of the current business environment, the company has decided to end its virtual asset exchange business. Huobi Korea promises to continue supporting the safe and unimpeded withdrawal of customer assets (including Korean won and virtual assets) even after the trading platform services are terminated. The service termination date is set for January 29, 2024, and there is no deadline for customer withdrawals until all customer assets are completely withdrawn.

[Huobi Korea announces that it will cease services on January 29]Huobi Korea announced to the public last Friday that, given the current business environment, the company has decided to terminate its virtual asset trading platform services. Huobi Korea stated that although it has been updating its brand and system to provide better virtual asset trading platform services, after careful consideration of the current business environment, the company has decided to end its virtual asset exchange business. Huobi Korea promises to continue supporting the safe and unimpeded withdrawal of customer assets (including Korean won and virtual assets) even after the trading platform services are terminated. The service termination date is set for January 29, 2024, and there is no deadline for customer withdrawals until all customer assets are completely withdrawn.

Huobi Korea announces that it will cease services on January 29

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Breaking the Offer Price! SpaceX's Stock Price Falls Below the $135 IPO Price for the First Time, Company Bonds Decline Continuously, Yield Reaches 7.5%, Comparable to Junk Bonds

Bitunix Exchange Launches Visa Debit Card for Daily Purchases and Earning

Huobi Korea announces that it will cease services on January 29

Descargo de responsabilidad：El contenido anterior no representa las posiciones de HTX.，HTX no ofrece ninguna recomendación de trading.。

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