Japan's Financial Services Agency said dealers that offer both sales desk and exchange services may steer users toward the more profitable sales desk trading. According to Odaily, the agency made the remarks at an opinion exchange meeting with the Japan Virtual and Crypto Assets Exchange Association on July 15. In a sales desk model, the platform acts as the counterparty and earns the spread, while in an exchange model, users trade with each other and the platform only collects fees. The agency said it will continue discussions with the industry on UI routing design for the two services and on self-regulatory rules, citing customer best-interest obligations that took effect in November 2024.

Contemporary Amperex Technology Co. Ltd. has long dominated the global market for electric-vehicle batteries, but some of its customers in China are now trying to break free, according to Bloomberg.

This marks the first time that an on-chain AMM mechanism has been formally incorporated into the compliance framework of securities trading in the name of a federal securities regulator, representing a significant institutional breakthrough.

Japan's 20-year and 30-year government bond prices erased earlier gains after the Bank of Japan raised its benchmark interest rate. According to Sina Finance, the 20-year bond yield was 3.845%, while the 30-year bond yield held steady at 4.075%.

Dragonfly Managing Partner Haseeb Qureshi said the Zcash community has positioned the project as a crypto version of Bitcoin and does not want to add more features to the protocol. According to ChainCatcher, he said Zcash still needs to complete Tachyon, quantum resistance, and broader formal verification to defend against AI network attacks, making protocol freeze unsuitable for the next one to two years. Qureshi said the development fund was necessary when private funding for Zcash development was limited, and under current rules it is set to expire in 2028. He added that as ZEC has risen sharply, the fund has grown by an order of magnitude, and once it exceeds $100 million, it will inevitably become institutionalized and face the risk of politicized grant allocation. He argued that the fund should remain in place for now to finish the remaining technical work before protocol freeze, but said this round should be the last development fund. After Zcash reaches the conditions for freeze, the fund should be phased out rather than used to seek new grant programs, with future development funding coming voluntarily from holders and ecosystem supporters, similar to Bitcoin. On governance, Qureshi said he does not support full token-holder voting, arguing that a store-of-value asset needs predictable policy and that pure token governance is too volatile. He said limited holder participation is acceptable and that committee governance, despite its flaws, may be the more workable option. He also disclosed that Dragonfly holds ZEC and that he is an investor in ZODL, though ZODL will not directly benefit from the development fund.

Bolivia's government has reached an agreement with the International Monetary Fund to establish a regulatory and supervisory framework for virtual assets. According to Foresight News, the move is intended to curb illegal capital outflows and strengthen anti-money laundering and counter-terrorism financing measures. The related documents have not yet specified an implementation timeline, the responsible authority, or the exact legislative form. The government is also evaluating whether to include USDT in the national payment system.

World is betting that the future of global finance will need more than digital money. It will need a way to prove that there is a real person behind the account.

The SEC is beginning to give on-chain securities trading real-world operational space. In the future, government bonds, funds, money market products, and even more traditional financial assets may all enter the on-chain market along the same path.

Analysts believe the core logic behind the rebound lies in: declining oil prices easing energy concerns, lower long-term interest rates softening expectations of rate hikes, and short covering forcing positions, creating passive upward momentum. However, Goldman Sachs believes this rebound was almost entirely driven by AI stocks.

US and Chinese experts want AI banned from independently attacking nuclear command systems or deciding to use nuclear weapons. They also called for stronger human controls and a hotline to prevent AI-related accidents from triggering a nuclear crisis.

The effort has been compared internally to Israel's model of closely aligning military priorities with cybersecurity startups, VC investment and academic research

The SEC has approved a temporary, conditional "innovation exemption." Eligible tokenized securities exchanges may conduct limited pilot trading of tokenized NMS shares within licensed AMMs and liquidity pools.

Anthropic, AI Agent, Claude, LLM, Claude's self-evolution suddenly accelerated: from 1% to 26% in half a year. Golden Finance, How far is AI from recursive self-improvement (RSI)?

Despite the lack of clear provisions in the bill, the SEC gave the green light to tokenized US stocks through an executive order.

Grayscale believes that the Fed's 25-basis-point rate hike this time, and the possible second rate hike this year, are unlikely to drive a major shift in the digital asset market.