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According to The Block, the UK's Financial Conduct Authority (FCA) finalized a comprehensive crypto regulatory framework on Tuesday, with a mandatory licensing regime set to take effect on October 25, 2027. The framework covers prudential requirements, market abuse regulation, and stablecoin standards, applicable to crypto trading platforms, custodians, stablecoin issuers, lending and staking service providers, as well as some DeFi companies with identifiable controlling entities.Businesses can apply for authorization between September 30, 2026, and February 28, 2027, and existing anti-money laundering registrations will not automatically convert. Regarding trading platform rules, the FCA requires UK-qualified crypto asset trading platforms to conduct due diligence, meet entry standards, and publish disclosure documents, while removing the previous exemption that allowed fungible crypto assets to be listed without disclosure documents. Market abuse rules cover insider trading and market manipulation.For stablecoins, the FCA has removed the obligation to forecast the redemption of reserve assets, allowed limited group internal custody arrangements, and reduced the K-SII capital ratio for stablecoin issuance from 2% to 1%. Crypto assets on qualified platforms will be subject to a unified 40% net risk exposure requirement and a 40% counterparty default volatility adjustment. FCA's Director of Payments and Digital Finance, David Geale, stated that the framework is an important milestone for crypto regulation in the UK, providing regulatory certainty while allowing businesses to maintain innovation space.

Regarding the digital credit capital framework announced by Strategy, the Ethereum treasury company BitMine (NYSE: BMNR) commented that this framework consolidates the structural relationship between capital markets and Bitcoin, which should enhance investor confidence in the Strategy approach.BitMine believes that investor concerns typically only arise during Bitcoin downturns; if the Bitcoin price were at $100,000, few would question the strategy. Therefore, Strategy needs to prove that it has enough capital to withstand downturn cycles; raising the capital buffer to over 26 months is a wise move. According to its calculations, since 2009, with a rolling period of 36 months, the probability of negative returns for Bitcoin is less than 0.8%, and a reserve size of 26 months is sufficient for Strategy to safely navigate such fluctuations.

According to the 8-K document submitted to the SEC by Strategy, the company announced the launch of a digital credit capital framework, which includes five core components: dollar reserve policy, adjustment of STRC dividend policy, preferred stock repurchase plan, common stock repurchase plan, and BTC monetization plan.Under the dollar reserve policy, the reserve can only be used to pay preferred stock dividends and debt interest, and management must maintain a reserve sufficient to cover expected dividends and interest expenses for at least the next 12 months. As of June 28, the dollar reserve balance was $2.55 billion.Regarding the STRC dividend, the company will dynamically assess the dividend rate on a monthly basis, considering factors such as trading price, market yield, credit spread, and Bitcoin price volatility, and will not increase the dividend solely because the STRC trading price is below par value. The company also announced an increase in the annualized dividend rate for STRC to 12% from the previous level, effective July 1.In terms of the repurchase plan, the company has established two repurchase authorizations of $1 billion each, to repurchase preferred stocks such as STRC, STRF, STRD, STRK, and Class A common stock, with STRC being the primary target of the preferred stock repurchase plan. Neither of the repurchase plans will utilize dollar reserve funds.In addition, the company's board of directors has authorized the BTC monetization plan, allowing the company to raise up to $1.25 billion by selling Bitcoin, to supplement the dollar reserve, pay preferred stock dividends and interest expenses, or fund the aforementioned repurchase plans.

Bitget launches the "TradFi 100 Questions for Popular Science" long-term investor education program, breaking down the traditional financial knowledge system into 100 core questions, covering six major modules: financial basics, asset encyclopedia, market mechanisms, macroeconomics, risk management, and the evolution of multi-asset trading.The course uses structured content and weekly updated educational materials as a medium, focusing on analyzing the driving logic behind stocks, commodities, interest rates, and capital flows, helping traders establish an investment framework across asset classes.Bitget CEO Gracy Chen stated that as the connections between financial markets deepen, crypto investors need to pay attention to factors such as interest rates, inflation, stocks, commodities, and global liquidity.The "TradFi 100 Questions for Popular Science" aims to lower the understanding threshold of traditional financial knowledge, helping users adapt to a multi-asset investment environment where traditional assets and digital assets converge.

According to Hong Kong media Ming Pao, Hong Kong Legislative Council member Jan Wai-man revealed that the "2026 Taxation (Amendment) (Automatic Exchange of Information) Bill" was passed by the Legislative Council last week, and the Crypto Asset Reporting Framework (CARF) Bill has entered the review stage. Jan Wai-man stated that the tax and fines recovered by the Hong Kong government from 2018 to 2025 have exceeded 100 million Hong Kong dollars, and it is expected that an additional approximately 8,000 financial institutions will be required to register compulsorily in the future.

According to Fortune, the crypto venture capital firm Framework Ventures announced the completion of its fourth fundraise, totaling $400 million. The investors include endowment funds from Ivy League schools, sovereign wealth funds, and non-profit organizations, though the specific names have not been disclosed. Framework co-founders Vance Spencer and Michael Anderson stated that the new fund will invest in the field of "cutting-edge technology," which includes not only crypto but also areas such as AI, robotics, and energy. Currently, about half of the funds from the fourth fund have been deployed.Framework Ventures was established in 2019 and initially focused on investments in the DeFi sector, participating in early rounds of leading protocols such as Aave and Chainlink. Previously, it completed fundraises of $100 million and $400 million for its second and third funds in 2021 and 2022, respectively.

South Korea will incorporate tokenized securities into the overall framework of capital market reform. The Financial Services Commission (FSC) recently launched a review meeting on capital market infrastructure to coordinate the advancement of reforms such as speeding up securities settlement, extending trading hours, and digital transformation.According to the plan, the tokenized securities framework will officially take effect in February 2027, and relevant subordinate regulations are expected to solicit public opinions in July this year. In terms of infrastructure development, Samsung SDS has been contracted by the Korea Securities Depository (KSD) to develop a tokenized securities management platform, aiming to integrate the existing electronic securities account system with blockchain data, with the goal of completing this by February 2027.

According to CoinDesk, the Malta Financial Services Authority (MFSA) has released a discussion paper exploring how decentralized finance (DeFi) can be incorporated into the EU MiCA framework. The MFSA pointed out that while MiCA exempts "fully decentralized" crypto services, many DeFi projects still retain centralized features such as admin keys, governance centralization, and protocol upgrade permissions.The regulatory body is seeking public opinion on whether decentralization should be viewed as a "spectrum" rather than a binary concept, and discussing whether to establish a standardized framework to determine if protocols fall outside the scope of MiCA regulation. Additionally, the document proposes potential legal structures such as DAOs and segregated cell companies, and examines automated compliance mechanisms like custodial agents. The public consultation on this discussion paper is open until July 10.

JustLend DAO officially launched SBM V2 (Supply and Lending Market V2), introducing an innovative independent collateral lending protocol that adopts a dual-layer architecture of treasury and market, and introduces an adaptive curve interest rate model. In the new architecture, the treasury is responsible for aggregating liquidity, while the market supports independent lending and bears its own risk exposure, achieving risk isolation; the borrowing interest rate is dynamically adjusted based on capital utilization, with each market operating independently to effectively prevent cross-market risk contagion. This upgrade significantly enhances the protocol's risk management capabilities and capital efficiency, further strengthening the security and flexibility in multi-asset independent lending scenarios.

JustLend DAO officially launched SBM V2 (Supply and Lending Market V2), introducing an innovative independent collateral lending protocol that adopts a dual-layer architecture of treasury and market, and introduces an adaptive curve interest rate model.In the new architecture, the treasury is responsible for aggregating liquidity, while the market supports independent lending and bears its own risk exposure, achieving risk isolation; the borrowing interest rate is dynamically adjusted based on capital utilization, with each market operating independently to effectively prevent cross-market risk contagion.This upgrade significantly enhances the protocol's risk management capabilities and capital efficiency, further strengthening the security and flexibility in multi-asset independent lending scenarios.

According to a Reuters report, sources say that the U.S.-Iran framework agreement includes a plan to establish a $300 billion private fund to stimulate investment in Iran. The $300 billion Iranian investment fund can only begin operations after the final agreement is signed. The fund is a private investment vehicle that does not involve government funds and is unrelated to negotiations regarding Iran's sovereign assets frozen overseas. The fund plan has already secured funding commitments from more than half of companies in the U.S., Gulf Arab countries, Asia, South America, and Africa.

Binance responded on platform X regarding the news related to the EU license, stating that the company remains committed to serving European users and will continue to operate in accordance with applicable laws. Binance indicated that as the MiCA transition period is about to end, the company is adopting a user-prioritized cautious strategy to minimize the impact of business adjustments, and will disclose subsequent arrangements and options to users after obtaining more information, with plans to release further updates by June 30, 2026.In addition, Binance stated that it has maintained constructive communication with regulators over the past 18 months and has actively participated in the MiCA approval process. According to its understanding, the Greek regulatory authority has completed its review of the relevant application and believes it meets MiCA requirements, and the application has also been accepted for review at the European Securities and Markets Authority (ESMA) level. Binance also mentioned that any delays or deviations in the MiCA authorization process could undermine market liquidity, competition, and user choice, and push some activities outside the EU. The company will continue to seek a compliant operational path under the MiCA framework and will keep users informed of progress.

The decentralized AI infrastructure network DGrid AI today released its latest research paper "PoQ-Judge," proposing a multi-architecture quality assessment framework that does not require reference answers. This means that in real deployment environments, there are often no standard answers for comparison, yet the protocol can still reliably score the quality of model responses and allocate incentives accordingly. This is a key piece that has long been missing in DGrid's decentralized LLM inference quality assessment system.PoQ (Proof of Quality) is a consensus mechanism independently developed by DGrid, designed to prevent model providers from deploying low-quality models, fabricating data, or hiding computational costs at the protocol level, thereby ensuring service quality and pricing transparency. The DGrid team has been continuously working on PoQ and has published four research papers to date. The newly released PoQ-Judge has trained three assessment models covering different quality and cost scenarios, achieving a correlation of up to 0.747 with human scoring on the retention test set, significantly outperforming all previous reference answer-based evaluators, while reducing assessment costs by over 72% through cascading evaluation and online weight calibration.With the implementation of PoQ-Judge, the entire process from quality assessment → scoring → incentive allocation has completely eliminated reliance on reference answers, thus establishing a closed loop for the quality of decentralized LLM inference.DGrid AI is a decentralized AI intelligent network dedicated to building an open, transparent, and community-driven AI infrastructure. Focusing on model invocation and application experience, DGrid has launched several core products: the AI Gateway that aggregates mainstream large models globally, the one-click deployment platform for AI agents DClaw, the anonymous model competition platform AI Arena, and the intelligent model recommendation assistant Dori, providing one-stop services for developers and users. It is reported that DGrid AI's revenue has surpassed 20 million dollars in six months.

According to Crowdfund Insider, the Chairperson of the Hong Kong Securities and Futures Commission (SFC), Laura Liang, stated at the Caixin Summer Summit that Hong Kong will continue to expand its digital asset regulatory framework and promote the application of artificial intelligence (AI) in the financial services sector to consolidate its position as an international financial center.Laura Liang pointed out that regulatory agencies will improve the institutional framework around areas such as digital asset trading, custody, investment consulting, and asset management, while adhering to the regulatory principle of "same business, same risks, same rules," achieving a balance between innovation and investor protection.She stated that as the application of AI in the financial industry accelerates, regulatory focus will include potential risks such as model reliability, algorithm bias, data privacy, and cybersecurity, emphasizing that financial institutions need to strengthen risk management during the innovation process.In addition, the Hong Kong Securities and Futures Commission and relevant regulatory agencies have expanded the regulatory sandbox mechanism, allowing financial institutions to test generative AI applications in a controlled environment to promote technological implementation and compliant development. Analysts believe that Hong Kong is further enhancing the openness and standardization of its financial markets through a dual regulatory framework for digital assets and AI, while also increasing its competitiveness in the global capital markets.

According to Decrypt, the IMF stated in its latest annual assessment of Nepal that despite Nepal's comprehensive ban on cryptocurrency trading and mining since 2021, the inflow of cryptocurrencies and stablecoins grew rapidly between 2019 and 2024, exceeding 13% of GDP at one point in 2021 and rebounding to about 8% in 2024, with cross-border flows accounting for about 5% of GDP.The IMF recommended that Nepal establish a cryptocurrency regulatory framework in accordance with international standards, strengthen monitoring of stablecoins and unpegged crypto assets to prevent circumvention of capital controls and large-scale deposit outflows, and urged it to complete the FATF action plan and exit the gray list.

According to official news, the crypto financial infrastructure company TVL Capital announced the completion of a $5 million financing round, led by Framework Ventures, with participation from institutions such as Flow Traders.The company's co-founder Lars previously served as the Head of Market Research at The Block. Its products are comparable to traditional exchange-traded products, creating compliant and composable derivatives and diversified yield structures, primarily targeting institutional investors to meet various structured investment and yield management needs.

According to The Block, Starknet has launched the zero-knowledge privacy framework STRK20, which provides balance shielding and private transfer capabilities for any ERC20 asset on the network, and has first been implemented on strkBTC.This framework allows developers to introduce privacy features for scenarios such as transfers, exchanges, lending, staking, payments, and donations without the need to build a separate privacy system.STRK20 embeds a "shielding" mode in the asset path, rather than using a traditional mixer structure, while introducing a viewing key mechanism that selectively discloses specific wallet information only upon receiving legally valid requests, balancing privacy protection and compliance requirements.StarkWare CEO Eli Ben-Sasson believes that such ZK privacy solutions are expected to make regulatory investigations more precise and reduce the collateral impact on a large number of wallets.

According to an official statement from the U.S. SEC, Jamie Selway, the Director of the Division of Trading and Markets at the Securities and Exchange Commission (SEC), stated at the Piper Sandler Global Exchanges and Fintech Conference that Chairman Paul Atkins has instructed the division to advance the framework for the listing and trading of security tokens, with the guiding principle of "promoting innovation without creating regulatory arbitrage."