24/7 News

Svmuu News: On July 18–19, the Bangalore Branch of India’s Enforcement Directorate conducted raids on multiple locations involved in a case under the Prevention of Money Laundering Act (PMLA) to investigate a virtual asset over-the-counter (OTC) trading fraud targeting overseas investors.
The criminal syndicate used private social media channels to claim they could supply tokens such as MultiversX, Kava, BEAM, GRASS, SUI, VANA, and AGLD at discounted prices, thereby luring foreign investors to invest funds. The total amount involved in the case is approximately $35 million, and the case was initially reported and filed by a Dutch entity. During this operation, law enforcement seized electronic devices, wallet credentials, and cryptocurrency assets worth 8,700 USDT related to the case. Authorities are continuing to expand their investigation and uncover the full scope of the criminal network.

Svmuu News: According to official reports, Gate’s brand-new lightweight trading product, Event Contracts, has officially launched. After updating the Gate App to version 8.28.5, users can access the dedicated trading section in the Contracts tab. The product focuses on predicting short-term price movements of BTC and ETH. It requires no leverage or margin, carries no risk of liquidation, and allows participation with as little as 1.5 USDT. Contracts are automatically settled upon expiration, making it ideal for novice day traders.
Meanwhile, Gate is launching the “Event Contracts Launch Celebration” on July 21 at 10:00 (UTC+8). Users who click “Join Now” to register can trade and share in a total airdrop reward pool worth $50,000. The event features a three-tier incentive system. First-Trade Loss Reimbursement: The first 2,000 users who incur a loss on their first trade will be reimbursed, up to a maximum of $5 per person; Profit Doubling Bonus: Net profits made during the event period will be doubled; rewards are distributed based on profit from highest to lowest, with a maximum of $500 per person; Trading Sprint Bonus: Users with a cumulative buy/sell trading volume of $1,000 or more will receive rewards based on their share of total trading volume, with a maximum of $1,000 per person.

Svmuu News: The Beijing Municipal Bureau of Economy and Information Technology reported that in the first half of the year, the city’s digital economy value-added grew by 7.8%, with the value-added of core digital industries growing by 9.8%, significantly driving the city’s GDP growth. In the second half of the year, Beijing will advance the comprehensive application of artificial intelligence and promote the use of technologies such as intelligent translation and simultaneous interpretation in the cultural and tourism sectors. In the second half of the year, the Beijing Municipal Bureau of Economy and Information Technology will focus on the annual key tasks for building a benchmark city for the digital economy, thoroughly implement the “AI+” Action Plan, and fully unleash new momentum for the smart economy.
It will formulate policies for the token economy, focusing on key stages such as token production, distribution, and application. This will involve establishing token factories and token distribution platforms to promote innovative applications in key sectors such as industry, education, and culture and tourism. The bureau will also host the “Innovate for the Future” OPC-themed roadshow to stimulate the creativity and vitality of “super individuals” in AI applications and creation. Develop high-quality AIGC training courses tailored for OPC to unlock the value of AIGC technology. Leveraging the Open-Source Chip Research Institute and the Beijing Tongminghu Information Technology Application and Innovation Center, build an open-source and open “RISC-V+AI OS” ecosystem and establish a full-stack, autonomous technology system spanning from chip instruction sets to operating systems to intelligent agent applications. (Beijing News)

Svmuu News: According to an analysis by Greeks.live, the return of the Bitcointo $66,000 is a positive sign, as it has reached a two-month high but has also entered the area of heavy trading volume seen at the beginning of the year.Implied volatility across major maturities has remained largely unchanged, with all year-to-date maturities below 40%; investors have already adapted to this extremely low-volatility market.
Only during the sharpest decline in February did implied volatility (IV) for major maturities exceed 50%; for most of the year, it has remained below 45%, which may represent a new steady state for cryptocurrency options.

Svmuu News: Asset management firm Fidelity Investments announced the expansion of its Separately Managed Account (SMA) product line, adding six customized strategies and two model strategies for Registered Investment Advisors (RIAs) and brokerage clients to enhance personalized investment services for high-net-worth clients.
The newly added strategies include the Fidelity Institutional Tax-Managed Enhanced Equity Strategy and the Fidelity Institutional Tax-Managed Fundamental Equity Strategy. Both strategy types cover large-cap core, growth, and value investment approaches, combining Fidelity’s long-term active management capabilities with a customized SMA service model.
Specifically, the Enhanced Equity Strategy employs a benchmark-tracking framework to seek excess return opportunities through diversified alpha factors, while the Fundamental Equity Strategy is based on a systematic portfolio construction process combined with high-conviction stock selection.
Fidelity stated that these strategies are now available to RIAs through its customized SMA platform, which is integrated with the Fidelity Wealthscape brokerage platform to help wealth management firms handle client onboarding, strategy customization, execution, and portfolio monitoring.
Amanda Robinson, Head of Distribution for Fidelity’s Wealth Advisor Management Solutions, noted that as investor demand for personalized investment experiences continues to grow—particularly among the expanding ultra-high-net-worth client base—wealth advisors require more flexible and customized asset management tools. By combining active management, direct indexing, and factor strategies, Fidelity provides advisors with deeper portfolio customization and tax management capabilities.
Since launching its institutional custom SMA product line in 2022, Fidelity has expanded its offering of standardized SMA strategies to 50, while also enabling advisors to combine multiple indices or strategies to create customized allocation solutions based on client needs.
In addition, Fidelity has launched two equity model SMA strategies: the Fidelity Institutional Blue Chip Growth Focused Model SMA and the Fidelity Institutional Small Growth Focused Model SMA, designed for RIA and brokerage clients and capable of being integrated into the Unified Management Account (UMA) system to enable more comprehensive and tax-optimized investment management.
Currently, Fidelity offers eight active equity model SMA strategies covering U.S. equities, sectors, and international equity markets, with an additional five factor-based model strategies and two index-based model strategies available through Fidelity Managed Account Xchange (FMAX) and third-party platforms.
Fidelity stated that its SMA strategies are developed by the Quantitative Research and Investments team within Fidelity Asset Management, which consists of more than 250 quantitative analysts, data scientists, and technical specialists who identify investment opportunities using proprietary data accumulated over the long term, systematic investment methods, and artificial intelligence technology.

Svmuu News: Bybit has added six new U.S. stock and ETF perpetual contracts today—XLFUSDT, XLKUSDT, XLVUSDT, NVDLUSDT, SOXXUSDT, and ONUSDT—with leverage of up to 20x.To celebrate the launch, limited-time fee discounts are available: 0% for limit orders and 50% off for market orders.
Among these, XLF tracks the Financial Select Sector ETF,XLK tracks the Technology Select Sector ETF, and XLV tracks the Healthcare Select Sector ETF; NVDL is a 2x leveraged ETF tracking the GraniteShares NVIDIA; SOXX tracks the iShares Semiconductor Index ETF; and ON (onsemi) is a power semiconductor and sensor company.

Svmuu News: Giovanni Cunti, CEO of Gate Europe, stated that some crypto companies that have obtained licenses under the EU’s Market in Crypto-Assets Regulation (MiCA) may still exit the EU market due to rising compliance costs.
Cunti noted that stricter regulatory requirements make it more difficult for new entrants to compete, and that some licensed companies may not be able to sustain the costs and resources required for continued operations under this framework in the long term.
MiCA is the EU’s regulatory framework for crypto-assets; its 18-month transition period ended on July 1, requiring crypto firms serving EU customers to obtain authorization or cease providing regulated services.Binance. failed to obtain MiCA authorization by the deadline.
Last Friday, the European Securities and Markets Authority (ESMA) added 14 crypto-asset service providers (CASP) to its register, bringing the total number of authorized companies to 294. Cunti noted that the number of operators in the European market has shrunk from the thousands to the hundreds.

Svmuu News Bitcoin Hyperscale Data, a financial and AI data center company, announced that through its wholly-owned subsidiary Ault Capital Group (ACG), it purchased approximately 51.5 Bitcoin on the open market last week,bringing its total holdings to 1,087.4527 Bitcoin, with a total value of approximately $70.3 million. (PRNewswire)

Svmuu News: Cango, a mining company listed on the U.S. stock market (Bitcoin), announced that it completed a 10-for-1 stock consolidation plan at 5:00 p.m. Eastern Time on July 20, 2026,affecting the company’s authorized, issued, and outstanding Class A and Class B common shares.Trading in the consolidated Class A common stock will resume on the New York Stock Exchange at the opening of U.S. markets on July 21, 2026, under the same ticker symbol “CANG,” but with a new CUSIP number: G1820C 110.
Upon completion of the stock consolidation, Cango’s total authorized capital will remain at $100,000, divided into 100 million shares of common stock,each with a par value of $0.001, comprising 92,067,428 Class A common shares and 7,932,572 Class B common shares. (PRNewswire)

Svmuu News: On Tuesday, the Russian State Duma passed Bill No. 1194918-8, “Digital Currency and Digital Rights,” in its second and third readings, establishing rules for the operation of crypto assets within the country and for cross-border trade.
The bill establishes a regulatory framework for market participants such as cryptocurrency exchanges, brokers, asset management companies, and custodians, and sets operational requirements for companies in the industry.
The bill permits the use of crypto assets for foreign trade transactions, though payments for goods and services within Russia remain prohibited. Key provisions are expected to take effect on September 1, 2026, with a transition period lasting until July 1, 2027. The bill must still be signed by President Vladimir Putin to become law.