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On July 15, the U.S. Commodity Futures Trading Commission (CFTC) ordered the prediction market platform Kalshi to fulfill all trading contracts involving Michigan residents, directly challenging a previous court ruling from the state that called for the cessation of related trades. About two weeks prior, a Michigan court ordered Kalshi to stop offering prediction contracts related to sporting events and required the cancellation of certain executed trades. However, the CFTC made it clear that state governments do not have the authority to interfere with market transactions that fall under federal regulation. CFTC Chairman Michael Selig stated firmly in a statement: 'State governments cannot force contract markets to violate federal obligations, and federal law does not permit discrimination against residents of any state. Canceling executed trades is an unprecedented and dangerous move that could trigger a market chain reaction and undermine the certainty of contracts, which is a cornerstone of market operation.' Currently, the CFTC is engaged in direct confrontations with several states over the jurisdiction of prediction markets, having filed lawsuits against Connecticut, Illinois, and New York in an attempt to clarify the regulatory authority granted to federal agencies by Congress. This power struggle between federal and state authorities may ultimately be decided by the Supreme Court.

[CFTC Orders Kalshi to Fulfill Michigan Trades Amid Regulatory Dispute]On July 15, the U.S. Commodity Futures Trading Commission (CFTC) ordered the prediction market platform Kalshi to fulfill all trading contracts involving Michigan residents, directly challenging a previous court ruling from the state that called for the cessation of related trades. About two weeks prior, a Michigan court ordered Kalshi to stop offering prediction contracts related to sporting events and required the cancellation of certain executed trades. However, the CFTC made it clear that state governments do not have the authority to interfere with market transactions that fall under federal regulation. CFTC Chairman Michael Selig stated firmly in a statement: 'State governments cannot force contract markets to violate federal obligations, and federal law does not permit discrimination against residents of any state. Canceling executed trades is an unprecedented and dangerous move that could trigger a market chain reaction and undermine the certainty of contracts, which is a cornerstone of market operation.' Currently, the CFTC is engaged in direct confrontations with several states over the jurisdiction of prediction markets, having filed lawsuits against Connecticut, Illinois, and New York in an attempt to clarify the regulatory authority granted to federal agencies by Congress. This power struggle between federal and state authorities may ultimately be decided by the Supreme Court.

CFTC Orders Kalshi to Fulfill Michigan Trades Amid Regulatory Dispute

On July 15, U.S. Treasury Secretary Yellen announced that over $130 million in Iranian digital assets have been frozen.

[U.S. Treasury Secretary Yellen: Over $130 Million in Iranian Digital Assets Frozen]On July 15, U.S. Treasury Secretary Yellen announced that over $130 million in Iranian digital assets have been frozen.

U.S. Treasury Secretary Yellen: Over $130 Million in Iranian Digital Assets Frozen

On July 15, Federal Reserve Chairman Waller stated that the June CPI shows a positive correlation with inflation expectations. He did not indicate that the 'Fed will not expand its balance sheet during a crisis.'

[Waller: No Indication That the Fed Will Not Expand Balance Sheet During Crisis]On July 15, Federal Reserve Chairman Waller stated that the June CPI shows a positive correlation with inflation expectations. He did not indicate that the 'Fed will not expand its balance sheet during a crisis.'

Waller: No Indication That the Fed Will Not Expand Balance Sheet During Crisis

On July 15, Jeffrey Kessler, an official responsible for export controls at the U.S. Department of Commerce, stated during a hearing that regulatory measures for chips and AI are forthcoming. Kessler pointed out that the Trump administration does not intend to replace the AI chip export restriction rules established by the Biden administration.

[U.S. Commerce Department Official: Chip and AI Regulatory Measures Coming Soon]On July 15, Jeffrey Kessler, an official responsible for export controls at the U.S. Department of Commerce, stated during a hearing that regulatory measures for chips and AI are forthcoming. Kessler pointed out that the Trump administration does not intend to replace the AI chip export restriction rules established by the Biden administration.

U.S. Commerce Department Official: Chip and AI Regulatory Measures Coming Soon

On July 15, a statement revealed that the White House has launched the 'Golden Eagle' initiative, a platform aimed at coordinating responses to cybersecurity vulnerabilities to streamline processes and promote artificial intelligence innovation. The White House, Department of the Treasury, Department of Homeland Security, and Department of Defense have collaborated on this initiative to prioritize addressing cyber vulnerabilities.

[White House Launches Cybersecurity 'Golden Eagle' AI Initiative]On July 15, a statement revealed that the White House has launched the 'Golden Eagle' initiative, a platform aimed at coordinating responses to cybersecurity vulnerabilities to streamline processes and promote artificial intelligence innovation. The White House, Department of the Treasury, Department of Homeland Security, and Department of Defense have collaborated on this initiative to prioritize addressing cyber vulnerabilities.

White House Launches Cybersecurity 'Golden Eagle' AI Initiative

On July 15, U.S. President Trump stated that strikes against Iran would continue 'until I say enough.' Additionally, Trump mentioned that the U.S. held talks with Iran on Tuesday, urging them to reach an agreement. He also indicated that strikes on Iran's energy facilities would be reserved for last. Trump threatened that next week, we will destroy Iran's power plants and will demolish their bridges. Unless they return to the negotiating table, we will destroy all their power plants and bridges.

[Trump Claims Talks with Iran, Threatens to Strike Power Plants]On July 15, U.S. President Trump stated that strikes against Iran would continue 'until I say enough.' Additionally, Trump mentioned that the U.S. held talks with Iran on Tuesday, urging them to reach an agreement. He also indicated that strikes on Iran's energy facilities would be reserved for last. Trump threatened that next week, we will destroy Iran's power plants and will demolish their bridges. Unless they return to the negotiating table, we will destroy all their power plants and bridges.

Trump Claims Talks with Iran, Threatens to Strike Power Plants

On July 15, the UK tax authority confirmed that depositing crypto assets into DeFi lending protocols and liquidity pools will no longer be considered a taxable disposal. This means that investors will not have to pay capital gains tax until an actual economic disposal of the asset occurs. This adjustment was announced in a policy document released by the UK government and will officially take effect on April 6, 2027, amending the 1992 Taxation of Chargeable Gains Act. This policy change will affect approximately 700,000 individuals and trustees using crypto lending and liquidity pool services.

[UK to Delay Capital Gains Tax on DeFi Lending and Liquidity Pool Deposits]On July 15, the UK tax authority confirmed that depositing crypto assets into DeFi lending protocols and liquidity pools will no longer be considered a taxable disposal. This means that investors will not have to pay capital gains tax until an actual economic disposal of the asset occurs. This adjustment was announced in a policy document released by the UK government and will officially take effect on April 6, 2027, amending the 1992 Taxation of Chargeable Gains Act. This policy change will affect approximately 700,000 individuals and trustees using crypto lending and liquidity pool services.

UK to Delay Capital Gains Tax on DeFi Lending and Liquidity Pool Deposits

On July 15, the UK and US issued a joint statement on stablecoins, affirming their commitment to deepening cooperation in capital markets and digital assets, as reflected by the 'Future Markets Transatlantic Working Group.' The governments of both countries believe that well-regulated stablecoins have the potential to enhance the efficiency and competitiveness of the financial system, modernize financial market infrastructure, and improve cross-border payment and transaction experiences. They also recognize the importance of promoting competition and innovation, maintaining financial stability, protecting consumer rights, and sustaining public confidence in the monetary system within a financial ecosystem that includes various forms of currency.

[UK and US Joint Statement: Plans to Implement Stablecoins in Cross-Border Finance]On July 15, the UK and US issued a joint statement on stablecoins, affirming their commitment to deepening cooperation in capital markets and digital assets, as reflected by the 'Future Markets Transatlantic Working Group.' The governments of both countries believe that well-regulated stablecoins have the potential to enhance the efficiency and competitiveness of the financial system, modernize financial market infrastructure, and improve cross-border payment and transaction experiences. They also recognize the importance of promoting competition and innovation, maintaining financial stability, protecting consumer rights, and sustaining public confidence in the monetary system within a financial ecosystem that includes various forms of currency.

UK and US Joint Statement: Plans to Implement Stablecoins in Cross-Border Finance

On July 15, the Iranian Mehr News Agency reported early in the morning, citing the Hormozgan provincial government, that clashes occurred in the Strait of Hormuz, with explosions heard in coastal counties of the province, as well as in Bandar Abbas and nearby islands in the Persian Gulf. Additionally, earlier reports from the Mehr News Agency indicated that multiple explosions were heard in Sirik County of Hormozgan Province, which may be related to the clashes in the nearby waters. Sirik is located at the entrance of the Strait of Hormuz. (Xinhua News Agency)

[Clashes Reported in the Strait of Hormuz]On July 15, the Iranian Mehr News Agency reported early in the morning, citing the Hormozgan provincial government, that clashes occurred in the Strait of Hormuz, with explosions heard in coastal counties of the province, as well as in Bandar Abbas and nearby islands in the Persian Gulf. Additionally, earlier reports from the Mehr News Agency indicated that multiple explosions were heard in Sirik County of Hormozgan Province, which may be related to the clashes in the nearby waters. Sirik is located at the entrance of the Strait of Hormuz. (Xinhua News Agency)

Clashes Reported in the Strait of Hormuz

Kuwaiti-based Islamic Bank Warba Bank recently became the latest company in the Middle East and North Africa (MENA) to enter the metasomes, according to Bitcoin.com. The bank occupies two locations in the metaverse, one in Decentraland and the other in Sandbox.

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【Islamic Bank Warba Bank moves into the metasverse】Kuwaiti-based Islamic Bank Warba Bank recently became the latest company in the Middle East and North Africa (MENA) to enter the metasomes, according to Bitcoin.com. The bank occupies two locations in the metaverse, one in Decentraland and the other in Sandbox.

Islamic Bank Warba Bank moves into the metasverse

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Islamic Bank Warba Bank moves into the metasverse

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