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7/24
04:40
India's Finance Committee Proposes Temporary Oversight of the Cryptocurrency Market by Self-Regulatory Organizations
Svmuu News: India’s Parliamentary Standing Committee on Finance has recommended that the government establish an interim regulatory mechanism led by an accredited self-regulatory organization to oversee the country’s cryptocurrency and virtual digital asset markets. The committee warned that the lack of a clear legal framework exposes millions of retail investors to operational, custody, and fraud risks. The committee recommended that this self-regulatory organization, operating under the direct supervision of the Reserve Bank of India or the Securities and Exchange Board of India, should enforce standardized codes of conduct covering consumer protection, platform transparency, and token disclosure standards, and be responsible for auditing exchange reserves, mandating the segregation of client funds from corporate funds, and establishing channels for handling user complaints. The committee also emphasized that this interim mechanism must operate under the strict supervision of the central bank or the securities regulator to address macroeconomic risks such as cross-border capital flows, the dollarization of stablecoins, tax evasion, and violations of foreign exchange regulations.
04:36
The New Jersey Police and Firefighters Retirement Fund increased its holding in Strategy to 49,055 shares
Svmuu News: The New Jersey State Police & Firemen's Retirement Fund, which manages $33 billion in assets, has increased its holding in Bitcoin Strategy MSTR to 49,055 shares, valued at $4.66 million,which means U.S. government employees are gaining exposure to BTC. (BitcoinTreasuries)
04:35
A certain whale has once again opened a 3x long position Micron, with the current position valued at $25.2 million.
Svmuu News: According to Lookonchain’s monitoring, a trading whale known for trading Micron Technology (MU) shares has recently established another leveraged long position.
Data shows that the whale has opened a new 3x leveraged long position in MU, involving 25,961 shares of Micron stock with a notional value of approximately $25.2 million.Previously, this whale had executed four long trades in MU, all of which were profitable, yielding a cumulative profit of approximately $2.28 million.
04:35
Samsung Will Support Native Stablecoins in Samsung Wallet
Svmuu News: At the 2026 Galaxy Unpacked event, Samsung announced that Samsung Wallet will support stablecoins and expand from cash and savings to include new forms of digital value, such as stablecoins. A demo screen showed the wallet app holding USDC from Circle, but Samsung did not mention USDC or USDT as partners for this initiative.
Samsung Product Manager Lee Dinham stated that Samsung Wallet will serve as the foundation of a financial ecosystem connecting Galaxy devices and services, integrating payments, rewards, and digital assets into a single experience. Samsung also launched its first credit card, the Samsung Galaxy Card, which offers users a 5% cashback reward on eligible purchases at brand stores and other participating merchants.
Samsung first introduced a built-in cryptocurrency wallet with the Galaxy S10 series in 2019, utilizing a hardware-backed security solution. In October of this year, Samsung announced that it would integrate the “Coinbase” subscription service, “Coinbase One,” into Samsung Wallet in the United States.
04:31
Kenya Busts an Online Fraud Ring and Repatriates a Group of Chinese Nationals Suspected of Online Fraud
Svmuu News: Kenyan police have dismantled a telecommunications fraud operation in the Kilimani district of Nairobi and arrested and deported a group of Chinese nationals suspected of telecommunications fraud. For some time now, criminal syndicates involved in cross-border telecommunications fraud and online gambling have been accelerating their shift and infiltration into the African region. Some criminals lease apartments and private residences under the guise of offering high-paying jobs or business partnerships to set up illegal operations, recruiting people from all over to engage in cross-border fraud. This not only disrupts local social order but also poses a significant threat to the personal safety, property security, and normal daily lives of all Chinese nationals in Kenya.
The Chinese Embassy in Kenya solemnly urges all Chinese nationals in Kenya to: 1. Strictly abide by the law; 2. Actively participate in joint prevention and governance; and 3. Guard against telephone fraud scams.
04:30
Shengli Securities was reprimanded by the Hong Kong Securities and Futures Commission for violating regulatory provisions, fined 1.7 million yuan, and had its license suspended.
Svmuu News: According to the Hong Kong Securities and Futures Commission (SFC), Victory Securities Limited has been reprimanded by the SFC and fined 1.7 million yuan for violating regulatory requirements, and the licenses of its responsible personnel have been temporarily suspended.
As previously reported, Hong Kong Victory Securities officially shut down all cryptocurrency trading functions for users with mainland China identities in February of this year, retaining only withdrawal privileges while no longer supporting deposits or new trades. The platform’s continued measures to gradually restrict services for mainland users—including the earlier ban on purchases and the suspension of new address verification—are intended to comply with the SFC’s regulatory requirements and relevant mainland policies.
04:14
The EU is expanding its crypto restrictions on Belarus, prohibiting its citizens from controlling any crypto service providers subject to MiCA regulations
Svmuu News: The European Union has further tightened restrictions on crypto assets targeting Belarus, prohibiting Belarusian citizens and residents from owning, controlling, or managing crypto service providers regulated under the Market in Crypto-Assets Regulation (MiCA).
According to Council Decision (CFSP) 2026/1847, adopted by the Council of the European Union on July 24, this measure expands the EU’s sanctions framework targeting Belarus’s involvement in the Russia-Ukraine conflict. The new regulations will officially take effect on July 24, with the expanded restrictions on the crypto industry set to take effect on August 25.
As defined by MiCA, the scope of affected services includes operating crypto trading platforms, crypto asset exchanges, executing and transmitting client orders, crypto asset issuance services, asset transfer services, investment advice, and portfolio management. These restrictions come as the MiCA transition period ended on July 1. The EU had previously required unauthorized crypto firms to cease related operations or face regulatory enforcement.
The EU stated that this expansion of restrictions is part of its efforts to combat the use of crypto platforms to circumvent sanctions against Russia. Previously, in its 21st round of sanctions against Russia, the EU had expanded the trading ban to 14 non-EU crypto-related service platforms and established a mechanism allowing for future bans on transactions with any foreign crypto service providers deemed to be helping Russia circumvent sanctions.
Market observers note that with the full implementation of the MiCA regulatory framework, the EU is further strengthening its regulatory control over the crypto industry through licensing systems and sanctions mechanisms. (Cointelegraph)
04:09
Two Government Agencies: Individuals Must File and Pay Personal Income Tax on Assets Placed in Offshore Trusts and on Income Received Through Offshore Trusts
Svmuu News: Two government departments have issued an announcement regarding matters related to individual income tax on offshore trusts. When an individual places assets into an offshore trust or receives income through an offshore trust, such income constitutes “income” as defined in Article 2 of the *Individual Income Tax Law of the People’s Republic of China*, and individual income tax must be reported and paid in accordance with the provisions of this announcement. For the purposes of this announcement, “offshore trust” refers to a trust established under foreign laws or other legal arrangements that perform trust functions. “Other legal arrangements with trust functions” refers to overseas legal arrangements that, while not established in the name of a trust, essentially perform functions similar to those of a trust; however, this excludes financial products issued by banks, insurance companies, securities firms, fund management companies, and other entities that are subject to regulation by the financial regulatory authorities of their respective countries or regions, conduct business independently for an unspecified clientele, and assume risks. (Jin Shi)
04:06
Intel U.S. stocks rose nearly 4% in premarket trading as the company's Q2 revenue surged 25%, far exceeding expectations
Svmuu News: According to data from MSX.COM, Intel. rose nearly 4% in premarket trading on U.S. markets after the company reported a 25% increase in Q2 revenue—far exceeding expectations—and maintained its guidance for strong growth.
04:00
Market Focus: Donald Trump Amid Pressure from Government Negotiations, Brent Crude Is Expected to Rise 12% This Week
Svmuu News: After closing above $100 per barrel, Brent crude edged lower in early trading but is still on track to post a gain of more than 12% this week, as threats to shipping in the Red Sea have sparked concerns about further supply disruptions.Brent crude, the global benchmark for oil prices, fell 1.3% intraday to $99.39 per barrel, while WTI crude futures dropped 1.4% to $90.89 per barrel.
Analysts at ING said: “The key question is: at what price level will the Donald Trump government come under pressure to return to the negotiating table?” They noted that, based on the surge in oil prices seen at the start of the conflict, pressure to de-escalate the situation would increase significantly if Brent crude prices approach $120 per barrel.For Iran, the more pressing issue is not the level of oil prices, but how long the country can withstand a sharp decline in oil revenues under U.S. sanctions. (Jin Shi)
03:55
U.S. Forces Strike Iranian Revolutionary Guard Naval Base
Svmuu News: Iranian media, citing Iranian officials, reported that U.S. forces launched a missile attack earlier today on an Islamic Revolutionary Guard Corps naval base in Iran’s Gilan Province, damaging some of the base’s equipment. The report quoted Ali Bagheri, deputy governor of Gilan Province, as saying that the target of the attack was an IRGC naval base in the province. The attack caused damage to some of the base’s equipment; no casualties have been reported so far. (Xinhua News Agency)
03:53
A whale has staked 2.785 million HYPE tokens, worth approximately $164 million, in an address that may be linked to a16z.
Svmuu News: According to MLM monitoring, one of Hyperliquid’s (HYPE) largest holders has recently conducted a large-scale staking operation. Data shows that this address previously accumulated approximately 2.94 million HYPE tokens between September and October of last year, currently valued at approximately $172 million. Over the past 11 hours, this holder has staked approximately 2.785 million HYPE tokens—worth about $164 million—across 20 wallets.
MLM noted that although the holder’s identity has not yet been confirmed, market speculation suggests this whale may be affiliated with the well-known venture capital firm a16z (Andreessen Horowitz). Currently, the ownership of the relevant on-chain addresses has not been officially confirmed. This large-scale staking activity may reflect major holders’ confidence in the long-term ecosystem development of HYPE, while also potentially reducing the supply in circulation.
03:51
Several investment banks have lowered their price targets for Alphabet, the parent company of Google, with only Barclays and Bank of Montreal bucking the trend by raising theirs.
Svmuu News: Recently, several investment banks have lowered their target prices for Alphabet, the parent company of Google, with only Barclays and Bank of Montreal bucking the trend by raising theirs:
New Street Research lowered its target price for Alphabet from $455 to $405.
UBSGroup lowered its target price for Alphabet from $400 to $379.
Oppenheimer lowered its target price for Alphabet from $445 to $400.
Investment bank D.A. Davidson lowered its target price for Alphabet from $375 to $350.
Wells Fargo lowered its target price for Alphabet from $418 to $411.
Morgan Stanley lowered its target price for Alphabet from $415 to $400.
Bank of Montreal raised its target price for Alphabet from $455 to $465.
Barclays raised its target price for Alphabet from $405 to $425.
03:38
Foreign Ministry: We Are Committed to Effectively Implementing the Important Consensus Reached by the Leaders of China and the United States in the Field of Artificial Intelligence
Svmuu News: In response to reports that U.S. President Donald Trump stated that the leaders of the United States and China will discuss issues related to artificial intelligence, Foreign Ministry Spokesperson Lin Jian said during a regular press conference on the 24th that summit diplomacy plays an irreplaceable strategic guiding role in U.S.-China relations.China is willing to work with the United States to effectively implement the important consensus reached by the two heads of state in the field of artificial intelligence. (Xinhua News Agency)
03:32
TRON The supply of USDD on TRON increased by $145 million in a single week, with the total supply surpassing $1.23 billion.
Svmuu News: According to data from CertiK Skynet, over the past week, the supply of USDD on the TRONTRON network has surged by approximately $145 million, bringing the total supply to over $1.23 billion—accounting for about 81.6% of the total USDD supply across the network.As of now, the total USDD supply across the network stands at $1.55 billion, with TVL exceeding $2.33 billion.
Recently, as the TRON DeFi Summer (TRON) has gained momentum, liquidity within the TRON ecosystem (TRON) has surged, with USDD’s TVL on JustLend exceeding $450 million.The official Chinese USDD account stated, “USDD’s growth on TRON TRON is unstoppable.” This round of growth has further solidified USDD’s leading position within the TRON TRON ecosystem and its top-tier status in the broader stablecoin sector.
TRON The supply of USDD on TRON increased by $145 million in a single week, with the total supply surpassing $1.23 billion.
03:30
Lien Finance Suffers Approximately $542,000 in Losses from an Attack; Attackers Exploited a Vulnerability to Steal USDC
Svmuu News: According to monitoring by SlowMist, the decentralized finance protocol Lien Finance was attacked. The attacker exploited a smart contract vulnerability to mint uncollateralized BondTokens and stole approximately $542,144.63 in USDC.Exploiting this vulnerability, the attacker successfully minted new, non-exceptional BondTokens without destroying the corresponding input bonds, redeemed them for USDC via a pre-authorized address, and ultimately transferred approximately 542,144.63 USDC from the victim’s address.Analysis indicates that this incident was fundamentally caused by a validation flaw in the bond token redemption logic, which allowed the attacker to bypass asset collateral constraints and mint unsupported assets.
03:21
Bitget has completed dividend distributions for 63 stocks, including Micron and TSMC
Svmuu News: According to an official announcement, Bitget has completed dividend distributions for 63 U.S. stocks and ETFs, including rMU (Micron Technology), rQQQ (Nasdaq 100 Index ETF), and rTSM (TSMC).Bitget has settled the dividend payments in USDT proportionally to users who held the relevant stocks at the time of the snapshot. The entire process was handled automatically, requiring no action on the part of users. This dividend distribution covers multiple asset classes, including technology, semiconductors, telecommunications, and index ETFs.
Users can view the specific details by navigating to the app’s “Assets” > “Financial Records” > "Spot" > "Other" > "Dividend Payouts" in the app, or "Asset Overview" > "Spot Orders" > "Transaction History" > "Other" > "Dividend Payouts" on the web to view specific details.The final credited amount and timing are subject to the platform’s actual processing and the information displayed on the page.
03:18
ETH liquidations across the entire network exceeded $18 million in the past hour
Svmuu News: According to Coinglass data, liquidations across the entire network totaled $30.34 million in the past hour, primarily involving short positions. Of this amount, ETH liquidations totaled $18.79 million, while BTC liquidations totaled $8.06 million.
03:10
ETH Breaks Through 1,900 USDT; 24-Hour Decline Narrows to 1.02%
Svmuu News: According to OKX market data, ETH has broken through 1,900 USDT and is currently trading at 1,901.61 USDT, with its 24-hour decline narrowing to 1.02%.
03:07
Gate Direct IPO will list Jersey Mike’s (JMKE) on July 27, supporting subscriptions in both USDT and GUSD.
Svmuu News: According to an official announcement, the second project in Gate’s IPO Access program, Jersey Mike’s (JMKE), will open for expressions of interest on July 27, 2026, at 10:00 (UTC+8). Users can participate using USDT or GUSD for a chance to receive corresponding shares, which can be traded on Gate’s Stocks section after the listing.
The subscription period for this offering will run until July 29, 2026, at 10:00 (UTC+8), with a reference subscription price of $21–$25 per share. with a minimum investment of 100 USDT or 100 GUSD and a maximum of 500,000 USDT or 500,000 GUSD. No additional fees apply. Regarding subscription quotas, the USDT and GUSD subscription pools each account for 50%; the platform will calculate the allocation ratio based on users’ average hourly locked-in balance during the subscription period.
This subscription is an “indicative subscription”; the final allocation results will be determined based on a comprehensive assessment of the actual IPO offering conditions, the platform’s allocated quota, and user participation. Shares successfully allocated are expected to be distributed to users’ Gate Stock accounts on July 30, 2026, and will be tradable on the Gate Stock section following the listing. There is no lock-up period for these shares, and they are 100% unlockable.

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