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The crypto investment firm YZi Labs announced the launch of EASY Residency Season 5, a 10-week acceleration program for early-stage innovative projects, which includes 5 weeks of online phase and 5 weeks of offline residency in Thailand, culminating in a Demo Day. Accommodation, meals, and workspace are fully covered, allowing founders to focus on building.Priority investment directions include programmable capital and on-chain markets, stablecoin payment infrastructure, computing and trusted agent systems, embodied AI, emerging AI interfaces, and AI × Bio. Selected projects can receive up to $500,000 in investment (including a $150,000 SAFE for 5% equity and an additional $350,000 unlimited SAFE), with the opportunity to secure up to $2 million in additional investment. The application deadline is September 13 at 23:59 (GMT-7).

According to Gate data, U.S. stock markets opened with the Dow Jones down 0.07%, the S&P 500 down 0.02%, and the Nasdaq down 0.06%. The VIX fear index rose by 3.56%. AI concept stocks saw a general increase, with Advanced Micro Devices up 5.81%, Marvell up 4.22%, Twilio up 3.23%, CoreWeave up 2.75%, and ASML up 2.61%.

According to Gate market data, U.S. stocks opened with the Dow Jones up 0.11%, the S&P 500 index up 0.32%, the Nasdaq up 0.78%, and the VIX fear index up 0.92%. AI concept stocks rose broadly, with Atlassian up 32.55%, Twilio up 20.22%, CoreWeave up 4.89%, SoundHound AI up 4.38%, and Arm up 3.95%.

According to Gate market data, on August 5, global stock markets showed mixed performance. In Asia, the Shanghai Composite Index rose by 56.15 points, an increase of 1.47%, closing at 3,878.43 points; the Shenzhen Component Index rose by 258.49 points, an increase of 1.86%, closing at 14,144.2 points; the CSI 300 Index rose by 57.22 points, an increase of 1.24%, closing at 4,658.15 points; the ChiNext Index rose by 46.18 points, an increase of 1.32%, closing at 3,535.14 points; the STAR 50 Index rose by 77.31 points, an increase of 4.78%, closing at 1,693.67 points.The Hong Kong Hang Seng Index rose by 62.9 points, an increase of 0.24%, closing at 25,915.82 points. In Europe, the German DAX30 Index fell by 83.97 points, a decrease of 0.32%, closing at 26,139.29 points; the UK FTSE 100 Index rose by 10.68 points, an increase of 0.1%, closing at 10,890.06 points; the French CAC40 Index rose by 2.67 points, an increase of 0.03%, closing at 8,669.3 points; the Euro Stoxx 50 Index fell by 7.45 points, a decrease of 0.11%, closing at 6,479.25 points; the Spanish IBEX35 Index rose by 31.2 points, an increase of 0.16%, closing at 20,054.8 points; the Italian FTSE MIB Index fell by 99.5 points, a decrease of 0.19%, closing at 53,441 points.In the US stock market, the Dow Jones Index rose by 263.06 points, an increase of 0.49%, closing at 54,348.94 points; the S&P 500 Index fell by 13 points, a decrease of 0.17%, closing at 7,723.52 points; the Nasdaq Composite Index fell by 221.55 points, a decrease of 0.83%, closing at 26,363.44 points.

According to Gate market data, the Euro Stoxx 50 index futures rose by 0.9%, the German DAX futures rose by 1.13%, and the UK FTSE 100 index futures rose by 0.34%.

According to The Block, U.S. regulators failed to issue the final rules necessary to implement the federal stablecoin framework within the one-year deadline set by the GENIUS Act. This act was signed into law by Trump on July 18, 2025, requiring the OCC, the Federal Reserve, the FDIC, the NCUA, the U.S. Department of the Treasury, and state stablecoin regulatory agencies to complete the supporting rulemaking by no later than July 18, 2026.As of the afternoon of July 18 local time, the main rule proposals released by the OCC, FDIC, NCUA, and the Treasury remain in the proposal stage, with some rules related to the Federal Reserve and anti-money laundering regulation still open for public comment. The report notes that the act does not stipulate that missing the deadline will automatically extend it, nor does it suspend the relevant statutory requirements or delay the overall framework's effectiveness.Among them, the OCC's comprehensive implementation proposal covers reserve assets, capital, liquidity, custody, risk control, and reporting requirements; the FDIC's proposal involves reserves, redemption, custody, and the deposit insurance treatment of stablecoin reserves; the NCUA proposed licensing and operational risk control plans in February and May, respectively, but the comment period for the latter only ended the day before the deadline, making it objectively impossible to complete formal rulemaking before the statutory deadline. The report indicates that this means that some key rules necessary for the operation of the stablecoin framework will not be finalized until at least after the deadline.

The Bitcoin BIP-110 proposal is approaching its deadline in early August, with current miner support below 1% and the current cycle at 0, with no major mining pools supporting it. BIP-110, which stands for "Reducing Data Temporary Soft Fork," plans to limit OP_RETURN data capacity within a year, prohibiting most arbitrary data writes exceeding 256 bytes and restricting certain script formats primarily used for data storage. Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110.Data shows that BIP-110 adopts a user-activated soft fork mechanism, setting a 55% miner signal threshold, with the proportion of nodes running BIP-110 software in single digits, mainly from Bitcoin Knots users. The current signaling cycle for this proposal will end around block height 959,615, expected to enter a voluntary lock-up period in early August, with plans to activate around September. If widespread support is still lacking by then, it may lead to a minority of nodes forming a separate chain.

The South African Revenue Service (SARS) recently released the "Draft Guidelines on Taxation of Crypto Assets," seeking public input on how South African tax residents should declare and handle income related to crypto assets, with a feedback deadline of August 31.The guidelines focus on the provisions in tax law that are most closely related to crypto assets and do not cover all applicable sections. Some provisions, although not explicitly mentioning crypto assets, are also applicable to related trading activities.The guidelines state that South Africa's income tax system is residency-based. With specific exceptions, South African tax residents must pay tax on their worldwide income, including income and capital gains from crypto assets listed on foreign exchanges; non-residents may also have tax obligations if their income source is South Africa or if the disposed assets meet the relevant provisions.

According to CoinDesk, as the July 1 deadline for the EU MiCA regulatory framework approaches, several cryptocurrency companies in Europe are turning their attention to the UAE.Irina Heaver, a lawyer at the Dubai law firm NeosLegal, stated that the volume of inquiries from European founders has significantly increased over the past year and a half, with over 120 inquiries received weekly, about half of which come from European countries.Heaver pointed out that many founders are dissatisfied with the bureaucracy and regulatory burdens in Europe and are opting for the UAE instead. The UAE's cryptocurrency regulatory framework is designed specifically for digital assets, with processes that are faster and typically completed in a few days, while Europe may take months. Additionally, UAE licenses can cover markets with approximately 4 billion people in Asia, North Africa, and more.Recently, Binance has withdrawn its MiCA application in Greece and notified some EU users that certain services will be suspended. Erald Ghoos, CEO of OKX Europe, previously stated that about 80% of cryptocurrency companies would not be able to pass the MiCA compliance review. Heaver warned that this could lead to "brain drain, tax loss, and job loss" in Europe.

According to Jinshi reports, U.S. semiconductor stocks rose broadly before the market opened, with Micron Technology up more than 3%, Qualcomm up more than 3%, Intel and Marvell Technology up about 2%, and AMD up 1.5%.

Bitget has completed the upgrade of the ADL (Automatic Deductions) transaction price mechanism. After the upgrade, when the insurance fund account triggers ADL and matches with the counterparty's position, the transaction price will use the current mark price, making the ADL execution price closer to the actual market price. Users can more accurately assess the potential impact of ADL on positions and strategies, facilitating risk management and strategy planning.

According to Jinshi reports, foreign media analysis points out that nearly half of the Federal Reserve decision-makers no longer believe that merely maintaining stable borrowing costs can drive the inflation rate back to the target level of 2%. The latest dot plot from the Federal Reserve shows that decision-makers' views on the interest rate path have shifted towards concerns about rate hikes, with some individuals convinced that the Federal Reserve will need to raise rates. Predictions indicate that the year-on-year increase in the PCE price index is expected to reach 3.6% by the end of the year, the core PCE price index will reach 3.3%, and the unemployment rate will remain at 4.3%.

As the final deadline for the European MiCA regulatory transition period approaches, BitGo, regulated by Germany's BaFin, announced that its Crypto-as-a-Service platform provides a more convenient MiCA compliance pathway for European crypto businesses, eliminating the need to build an independent compliance operation from scratch. Companies only need to connect their existing wallets to the BitGo wallet system and complete KYC work that meets MiCA requirements, allowing customer assets to be stored in compliant segregated custody accounts. Meanwhile, companies can still apply for their own CASP license in parallel.In terms of costs, BitGo CEO Mike Belshe stated that the fees are relatively low, with a minimum monthly fee of around several thousand dollars, and two options for billing: based on transaction volume or a fixed rate. According to legal firm Hogan Lovells, as of May 2026, there will only be 194 authorized CASPs in Europe, and it is expected that about 75% of the pre-registered crypto businesses under MiCA will lose their registration eligibility after the transition period ends.

According to Finance Feeds, European Central Bank President Christine Lagarde warned at the ECB meeting that Europe faces the risk of losing payment sovereignty, with dollar stablecoins and foreign networks dominating future financial infrastructure. Lagarde pointed out that Europe does not have its own pan-European card network, with international card organizations accounting for over 60% of card payments in Europe, and 13 out of 21 eurozone countries no longer having national card schemes. She stated that the digital euro could break this situation, as its status as legal tender must be accepted throughout Europe.Lagarde emphasized that tokenized finance requires central bank money to scale safely, and market participants indicated that without central bank settlement infrastructure, they would not issue digital assets on a large scale. The European Central Bank is advancing two initiatives, Pontes and Appia, and establishing connections between TIPS and India's UPI, as well as the Southeast Asia Nexus system. She warned that if member states create their own legal frameworks independently, it would legally recreate the fragmentation that technology is currently dissolving. This competition has evolved into a geopolitical and sovereignty issue.

According to Arkham monitoring, the bankrupt cryptocurrency exchange Mt. Gox transferred 10,422.65 bitcoins from its cold wallet, worth over $739 million. Most of the funds were sent to a new wallet, while 116.3 bitcoins were routed to Mt. Gox's known hot wallet. This transaction did not indicate that Mt. Gox sold any bitcoins or started a new round of creditor repayments. Due to the incomplete creditor process and processing delays, the liquidation trustee has extended the repayment deadline to October 31, 2026. Currently, Mt. Gox still has approximately 35,000 bitcoins awaiting distribution, worth about $2.4 billion.