ownership

Lily Liu, the chair of the Solana Foundation, stated that funds, assets, and ownership are migrating to an all-weather internet infrastructure, forming a long-term token supercycle.Tokenization is not only about moving assets onto the chain but also about changing the assets themselves, allowing value to be issued, held, financed, and traded in a market that never closes.She believes that stablecoins have proven that funds can flow onto the chain globally, financial institutions are pushing for asset tokenization, and blockchain infrastructure is beginning to meet the demands of real economic activities for speed and cost, while AI economic agents require programmable money.With these factors converging, any value with clear ownership could be tokenized and gain broader distribution, financing, and trading channels.In the past year, the trading volume of RWA on Solana reached hundreds of billions of dollars, covering tokenized U.S. Treasury bonds, stocks, and private credit; during the same period, stablecoin transfer volume exceeded $4.7 trillion.Liu stated that tokenization can also allow more investors to break through geographic, minimum investment, and qualification restrictions, and enable the assets held to be used for collateral or to generate returns. Although the current on-chain market size is still far below that of traditional markets, the relevant infrastructure could potentially reach 5.5 billion internet users globally in the future.

The Securities and Exchange Commission of Thailand (SEC) has officially approved the travel rule for crypto assets, requiring digital asset operators to verify the ownership or control of wallets when customers send or receive crypto assets to self-custody wallets, and to retain transaction-related information for at least five years for regulatory review. Pornanong Budsaratragoon, Secretary-General of the Thai SEC, stated that the rule aims to reduce the risk of digital asset operators being used for money laundering and terrorist financing.The new regulations were finalized after two rounds of public consultations this year, with the first round presenting a draft in March and a notification draft released in June. The Thai SEC stated that most stakeholders expressed support. As the travel rule is implemented, Thailand is considering expanding the access to regulated crypto products. On Monday, the Thai SEC proposed allowing intermediaries to offer specific crypto derivatives traded on regulated overseas exchanges to retail investors.In the days prior, regulators also advanced the draft rules for spot Bitcoin and Ethereum exchange-traded funds (ETFs) and simultaneously sought opinions on the foreign digital asset custodians used by funds investing in crypto assets. Thailand's move aligns with global regulatory trends, as the Financial Action Task Force (FATF) estimates that by 2026, 83% of surveyed jurisdictions will have enacted travel rule legislation.

Tron founder Justin Sun stated that his lawsuit against World Liberty Financial (@worldlibertyfi) superficially involves a commercial dispute of $45 million and 4 billion tokens, but fundamentally concerns the founding principles of blockchain. He pointed out that the industry is built on the principle of "your keys, your coins," meaning that everyone can truly own their assets without permission.Justin Sun indicated that the case exposes the other party's secret embedding of the power to arbitrarily freeze user assets in the contract, which was not disclosed, lacked governance, and lacked procedures, and was exercised within days of unlocking their tokens. He believes this contradicts the name of "freedom"; if the issuer can confiscate holders' assets at any time, blockchain will be no different from the old world. He will pursue the lawsuit to the end, not only to recover assets but also to establish a precedent in court that "your assets must truly belong to you."

In the second quarter 13F holdings report for 2026 (reporting period ended June 30, 2026), Bridgewater Associates, founded by Ray Dalio, disclosed a reduction of 1,359,038 shares of Micron Technology, still holding approximately 116,700 shares, with a reduction ratio of about 92%.

According to CoinDesk citing informed sources, the cryptocurrency exchange BitMEX spent two years discussing potential sales with multiple buyers, including competitor exchanges and payment platform Exodus, before announcing its shutdown, but ultimately failed to reach a deal. Informed sources indicated that potential acquirers were deterred mainly by the holding structure led by the company's founder, the ongoing shrinking of the business, and lingering reputation issues.Reports state that the company had hired investment bank Broadhaven to manage the sale process in early 2025. Informed sources said that although co-founders Arthur Hayes, Ben Delo, and Samuel Reed had already exited the business after facing U.S. criminal charges in 2020, the three still controlled the vast majority of the company's equity, which made some buyers uneasy and complicated negotiations, as buyers typically hope to secure management's retention post-transaction through partial acquisition consideration.Additionally, during the sale process, BitMEX continued to lose market share as trading activity flowed to larger centralized exchanges and decentralized perpetual contract platforms, making potential acquirers reluctant to pay the revenue multiples typically offered to growth companies.

According to Cointelegraph, the Ontario Securities Commission (OSC) investigation shows that the cryptocurrency ownership rate in Canada has risen from 10% in 2023 to 25% in 2026. The survey was conducted from December 2025 to January 2026 with 2,360 respondents aged 18 and older, finding that 59% of respondents are aware of crypto assets, and 25% own crypto assets.The survey also indicated that investors' risk awareness has increased, but industry awareness remains limited—about 50% of holders check whether a platform is registered before using it, but many investors have misunderstandings about regulation, insurance protection, and trading capabilities. The Canadian federal government proposed a bill in April to ban political donations in crypto assets and crypto ATMs.

The South Korean blockchain gaming platform WEMIX has updated the situation regarding abnormal transactions and response measures. The investigation results show that the contract ownership related to WEMIX was compromised, and the attacker unauthorizedly issued approximately 5,225,525 WEMIX, which was subsequently exchanged for about 30,736 WEMIX and 724,198.27 USDC.e.The stolen USDC.e was transferred to Ethereum and BSC via a bridge, exchanged for assets such as ETH and USDT, and partially deposited into centralized exchanges. The attacker's wallet and fund flow have been tracked, and applications for freezing are being made to exchanges and stablecoin issuers. The exact cause is still under investigation, and the team is conducting a comprehensive review with external experts while examining related and similar contracts. Market data shows that the price of WEMIX tokens has dropped by 16.65% in the last 24 hours.

The security company Project Eleven has launched a post-quantum proof technology aimed at helping users prove ownership of Bitcoin wallets after quantum computers can derive private keys and generate valid signatures. Project Eleven CEO Alex Pruden stated that the technology uses wallet key derivation paths, allowing users to prove their control without disclosing the parent key, which is used to distinguish legitimate owners from attackers.The solution was developed in collaboration with Jim Posen, the main maintainer of the open-source Binius zero-knowledge proof system, based on the "signature amplification" technique proposed by Alon Sattath and Robert Wyborski. Project Eleven indicated that the prototype has not yet been audited and requires blockchain protocol support before being put into use, primarily targeting users who missed the migration to quantum-resistant addresses in the future.

A five-day public debate between ether.fi CEO Mike Silagadze and KAST CEO Raagulan Pathy has brought KAST's user deposit terms into the spotlight. Silagadze publicly shared screenshots showing that KAST's terms treat users' deposited stablecoins as sold to KAST, with ownership immediately transferred to the company, and the original terms did not mention that users could request redemption.According to The Defiant, verified through the Wayback Machine, these terms have been in place at least since June 25. As of July 7, KAST updated its terms to include users' right to redeem unspent balances, but the legal structure remains unchanged—deposits are still defined as sales, with the company's total liability capped at $500, registered in Comoros, Anjouan Island, and governed by Seychelles law.Additionally, KAST previously promised that points would be exchanged for tokens on a one-to-one basis, but on July 2, this was changed to conversion into tokenized equity, causing dissatisfaction among users. Research account Decentralisedco pointed out that KAST can earn about 4-5% annualized returns from idle balances by counting users' stablecoins as company assets, a structure that differs from competitors like ether.fi, which settle through user-controlled smart contracts.

According to Cointelegraph, the New York State Supreme Court faced a key defense in the lawsuit regarding the ownership of 39,069 long-unused Bitcoin addresses. An anonymous defendant controlling the dormant wallet involved in the case formally submitted a request to the court to dismiss the lawsuit outright. This anonymous holder presented a core legal argument: Bitcoin addresses are merely a string of data characters on the blockchain, do not belong to a legal entity, and are not eligible to be sued.In addition, industry perspectives highlighted a critical technical shortcoming of the case: even if the court ultimately rules in favor of the plaintiff's claim for rights, without possessing the corresponding private keys, the plaintiff would be unable to transfer or control this batch of Bitcoin assets on-chain, rendering the judgment practically unenforceable.The plaintiff in this lawsuit attempted to apply New York's lost property regulations, claiming that tens of thousands of long-sleeping BTC belong to unclaimed abandoned assets, intending to obtain full ownership of the assets through judicial means.

According to The Block, New York Supreme Court Judge Kathy J. King signed an order to suspend the litigation seeking to claim ownership of 39,069 dormant Bitcoin wallets, with a hearing scheduled for July 14 on a key amicus brief.The plaintiffs in the case are known as "Noah Doe" and two shell companies, seeking to claim these wallets under New York State's lost property law. Attorney Ian R. Cohen submitted an amicus brief opposing the plaintiffs' claims. He argues that the lost property law pertains to tangible items, while blockchain addresses are always visible to the world; if the original owner cannot access their assets due to a security breach, it constitutes a passive loss of access rather than a voluntary relinquishment.Cohen emphasized that the plaintiffs do not have the private keys, and the blockchain network "structurally disregards" judicial rulings; the court's declaration cannot truly transfer ownership of the assets and may instead be used by the plaintiffs to mislead exchanges and custodians.Previously, on May 26, it was reported that a U.S. man and two companies filed a lawsuit seeking ownership of over 39,000 dormant Bitcoin addresses.

According to Cointelegraph, plaintiff Noah Doe and two limited liability companies from Wyoming filed a lawsuit in New York, USA, on May 1, seeking a court ruling on their ownership of 39,069 dormant Bitcoin addresses, citing New York State's lost property law, claiming that the relevant addresses' holdings constitute legally "abandoned property."The addresses involved include those starting with "12c6D" associated with Satoshi Nakamoto and those starting with "1Feex" linked to the Mt. Gox hack. According to estimates by Timechain Index founder, the listed addresses hold approximately 3.7 million BTC, valued at around $28.5 billion.However, Noveleader, chief research analyst at investment research firm Castle Labs, pointed out that even if the court rules in favor of the plaintiffs, it would only be symbolic, as the Bitcoin network itself does not have a mechanism for reallocating funds without private keys. Additionally, the plaintiffs sent legal notices to P2PKH format addresses, while the involved BTC is actually stored in P2PK scripts. The analyst believes this move is "structurally flawed," which could render the abandonment notice procedure itself invalid.

The Humanity Foundation recently requested early investors to make a binary decision regarding the ownership plan for the $H token. On-chain monitoring data shows that the well-known market maker Jump Trading's associated address transferred 50 million $H to a centralized exchange on April 26, just before the deadline for investor responses.Further on-chain records indicate that Jump Trading began transferring $H tokens in batches starting from December 2025, with a cumulative processing scale measured in hundreds of millions. Trix Ventures subsequently released an on-chain analysis report, indicating that Jump Trading's actions, combined with the foundation's enforced binary decision plan, may trigger market participants to price in the unlocking event on June 25 in advance.

ChainCatcher reports live that Lily Liu, President of the Solana Foundation, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. She pointed out from a macroeconomic perspective that global production, users, and resources are distributed globally, but capital formation is not; only 20 stock exchanges in 14 countries account for 94% of the global market value of approximately $145 trillion, with two-thirds concentrated in the United States. This means that about 180 countries have almost no access to capital markets, and their economies can only rely on debt rather than equity financing, failing to provide ownership pathways for their citizens.She proposed the vision of an "Internet Capital Market," where any asset from anywhere can raise capital from anyone globally, priced in dollars and settled on an open track. Stablecoins are the key infrastructure for this vision, enabling any country to participate in the global financial system, while Solana provides the underlying settlement and execution layers. She also contrasted "Universal Basic Ownership" (UBO) with the widely discussed "Universal Basic Income" (UBI) in the AI era, arguing that blockchain allows anyone with a mobile phone to hold a part of their country's economy, representing basic property rights in the digital age without resorting to placing everyone in a welfare system.

Digital art platform Blackdove announced the abandonment of its acquisition of the NFT platform Foundation. It stated that the purpose of acquiring Foundation was to improve Blackdove's software infrastructure. Due to the rapid progress of the acquisition, Blackdove conducted due diligence only after the operational handover was completed, but later realized that developing its own platform was the best direction, leading to the decision to abandon the acquisition. Foundation has now been returned to its founder Kayvon Tehranian and the foundation team.Previously, Blackdove announced the acquisition of Foundation on January 28, 2026. Foundation was established in February 2021 and is an NFT platform focused on high-quality digital art, known for its curatorial model that emphasizes exclusivity, artistic quality, and creator empowerment, primarily serving digital artists and professional collectors. It has received investments from a16z, 1kx, and Coinbase Ventures.

The founder of India's largest cryptocurrency exchange WazirX, Nischal Shetty, confirmed that the long-standing ownership dispute with Binance has entered formal litigation. The dispute dates back to 2019 when Binance announced its acquisition of WazirX, but the two parties have since publicly "clashed" multiple times over control and operational rights. Shetty stated that both sides are now "sticking to their guns," and the outcome of the lawsuit is crucial. Additionally, Shetty responded to the dispute with the custodian Liminal. WazirX had attributed part of the responsibility for the 2024 hacking incident (which resulted in losses exceeding $230 million) to its multi-signature custody infrastructure, but Liminal publicly rebutted this and released data to question it.

According to TheStreet, Nischal Shetty, the founder of the Indian cryptocurrency exchange WazirX, stated in an interview that the long-standing ownership dispute between WazirX and Binance has entered the litigation stage.Shetty reiterated that WazirX was sold to Binance at the end of 2019 and the beginning of 2020, although Binance has since denied holding any shares. Shetty mentioned that the current focus is on the platform's restart and rebuilding, and the final outcome of the ownership dispute will be determined by the law. He emphasized that the dispute will not significantly affect users operationally, and the updated terms of service from WazirX clearly outline the ownership issues and dispute explanations, providing users with greater transparency. WazirX has resumed operations after completing the restructuring process approved by the Singapore court.