According to The Hill, the U.S. crypto market structure bill, the “CLARITY Act,” is facing a critical window before the August congressional recess. U.S. Senate Majority Leader John Thune plans to push for the full Senate to consider the bill during the week of July 20, but it still requires support from at least 7 Democratic senators. The report said the current disagreements are mainly centered on ethical restrictions on government officials’ involvement in the crypto industry, provisions related to illicit finance, exemptions from liability for software developers, the nomination of commissioners for the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC), and whether stablecoin incentives could lead to outflows of bank deposits. Trump’s recent financial disclosures show that he earned about $1.2 billion in crypto-related income last year, further intensifying Democrats’ concerns about conflicts of interest. Analysts believe that if the bill cannot make a breakthrough before the August recess, it will be difficult to advance until after the recess.

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RetroRadioSignal:

If this software developer liability exemption deal isn’t worked out, Builders will have to move overseas.

WuSaidBlockchainW

5h ago

A court in the state of São Paulo, Brazil, ruled that Coinbase must refund a Coinbase Wallet user 507,000 Brazilian reais (about $99,000) plus statutory interest. The user said their assets were transferred out without authorization in a non-custodial wallet. Coinbase argued that the company does not hold the private keys and cannot control the transactions, but the court found that it failed to prove the transactions were initiated by the user and did not sufficiently explain the fund flows and security measures, and therefore rejected Coinbase’s exemption defense. (Bitcoin com News)

COIN0.39%

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GateUser-7df43e29:

The user says the funds were transferred out without authorization, but the court also didn’t manage to find out exactly who made the transfer—so the burden of proof allocation seems a bit odd.

WuSaidBlockchainW

5h ago

According to The Nation, the Bank of Thailand (BOT) plans to further crack down on “gray funds” and illegal fund flows in the fourth quarter, requiring individuals to formally declare and verify the source of funds when depositing cash of 5 million Thai baht (about $150k USD) or more. In the digital asset space, the BOT is working with the Thailand SEC to use data analytics to review high-value stablecoin transactions, with a focus on USDT. Regulators said that some transactions may transfer funds by concealing the actual owners or bypassing domestic remittance channels, and that the relevant

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AirdropEtiquette:

USDT has once again come under scrutiny, and this year’s Southeast Asian regulation is in full “amped up” mode—on-chain analysis tools are probably going to sell out like crazy.

WuSaidBlockchainW

6h ago

Wu Blockchain learned that against the backdrop of controversy previously disclosed by Ledger’s security team that Tangem cards have a physical attack vulnerability and cannot be fixed because the firmware is not upgradable, Tangem’s Chief Technology Officer Andrey Lazutkin posted a defense of its minimalist design. He said the more hardware wallet components there are, the larger the attack surface; therefore Tangem uses an architecture with no screen, no battery, and non-upgradable firmware. Andrey believes that firmware upgrades themselves are also a long-standing code injection entry point

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GasFeeGambit:

When a vendor says “don’t trust me,” you often need to be especially wary.

WuSaidBlockchainW

7h ago

According to Hürriyet Daily News, prosecutors in Istanbul, Turkey, have indicted 504 people suspected of being involved in a “Grand Bazaar” money-laundering network. The funds involved are close to 40 billion Turkish lira (about $850 million). Prosecutors said the network concealed proceeds from illegal gambling and other activities through shell companies, jewelry stores, foreign-exchange exchange institutions, digital payment service providers, and cryptocurrency exchanges. Some of the funds were also converted into cryptocurrency and transferred abroad. Prosecutors are seeking to sentence a

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DustCollector7:

Jewelry store + foreign exchange + digital payments + Crypto, a four-layer funnel filter, professional

WuSaidBlockchainW

7h ago

Wu Shuo learned that crypto payments company MoonPay says that a previous post that incorrectly reported influencer hippo Moo Deng’s death was a test for its new project, “AI Intern V1.0.” MoonPay said the AI project failed the test and still requires further optimization; it has already paused the relevant tests and “sent it back for repairs.” MoonPay also confirmed that Moo Deng is in good condition—“still chubby, very happy, and in excellent health”—and apologized for the false report.

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SpiralSeaSalt:

AI testing by Web3 companies: first spread rumors, then apologize

WuSaidBlockchainW

8h ago

Wu Says learned that, according to onchain data monitored by Onchain Lens, 2 suspected wallets that are likely part of the same entity have just spent $1,823 to buy 6,358 ETH using 11.59M (about 11.59 million) DAI. Onchain Lens said these funds may belong to a hacker. On-chain interaction records show that the relevant addresses have recently carried out multiple fund interactions with Tornado Cash.

ETH0.32%

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GateUser-744c843b:

Do hackers even dare to openly dip-buy like this? The money that came out of Tornado Cash was directly dumped into ETH—this is real boldness.

WuSaidBlockchainW

9h ago

According to a Forbes article, stablecoin competition is shifting from simply comparing issuance size to focusing on compliance, transparency, and trading volume. The article notes that Tether-issued USDT remains the stablecoin with the largest supply and continues to maintain liquidity advantages in global trading, retail crypto activity, and remittance use cases; Circle-issued USDC is increasingly used in large-value settlement, institutional transfers, and regulated financial activities. The article argues that as stablecoins move more deeply into payments and capital markets, reserve quali

USDC-0.03%

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NeonUmbrella:

Circle has been quite active recently, and institutional adoption is spreading quickly.

WuSaidBlockchainW

9h ago

Wu Says has learned that Intersect’s weekly update shows that the Cardano van Rossem hard fork is only 1 vote away from approval by the Constitution Committee (CC). If it is approved at the epoch boundary on July 13, it is expected to be executed on July 18. Intersect says that, currently, all readiness metrics required for approval have been met: in Epoch 642, 92% of blocks have been generated by node version 11; for on-chain voting, the support rate of delegated representatives (DRep) is 75.36%, and the support rate of stake pool operators (SPO) is 52.43%, both of which have reached the thre

ADA-1.76%

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NeonMargin:

If the van Rossem hard fork is successfully executed on the 18th, Cardano can finally catch a breath.

WuSaidBlockchainW

9h ago

Wu Blockchain learned that the meme coin issuance platform Bags announced the launch of a Robinhood testnet feature. Users can issue Robinhood Chain-related tokens on BAGS. BAGS said the feature uses a bonding curve mechanism, so creating tokens requires no platform fees—only paying gas. The tokens can be migrated to Uniswap v4, creators can receive royalties from all trades, and it supports revenue sharing for RH Wallet or X profiles.

MEME-1.55%

UNI-0.41%

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CandleWickPoet:

No platform fee sounds great, but the royalty percentage hasn’t been published yet—wait for the details.

WuSaidBlockchainW

11h ago

Wu Shuo learned that Phantom, the official crypto wallet, said in a post that some users are experiencing a performance drop when sending transactions and performing swaps (Swap). The team is investigating and will address the issue as soon as possible. The official has not yet disclosed the specific impact scope, which chains are involved, or the abnormal causes.

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SandwichMev:

Has the Solana ecosystem been having more issues lately? It feels like every time Phantom runs into a problem, it’s related to on-chain congestion.

WuSaidBlockchainW

11h ago

Wu Shuo learned that Uniswap founder Hayden Adams posted that 99.5% of DEX trading volume on Robinhood Chain comes from Uniswap. The chart shows that on July 11, Robinhood Chain spot DEX trading volume was about $1.09 billion, with Uniswap V2 and V3 at approximately $561 million and $493 million respectively.

UNI-0.41%

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GateUser-94818fd0:

What does 99.5% even mean—are all other DEX combined only 0.5%? Hayden, this data you posted is lethal and utterly unforgivable.

WuSaidBlockchainW

12h ago

Wu Shuo learned from Ember monitoring that the LAB market maker transferred a total of 18.5 million LAB to Aster in the past two days (about $18.69 million), directly causing the LAB price to be cut in half from $1.2 to $0.56. The cumulative drop over two days reached 53%. Among them, the 10.5 million LAB (about $9.15 million) transferred by the market maker last night caused the token to plunge 37% within the past 11 hours.

LAB-46.26%

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GasFeeAnxiety:

$18.69M transferred just like that—what is Aster planning over there, a big move or simply cashing out?

WuSaidBlockchainW

12h ago

According to Bitcoin News, an independent miner using a single-chip Bitaxe ASIC mining rig with computing power of about 1 TH/s successfully mined Bitcoin block height 957382, capturing the entire block subsidy and transaction fees of 3.1382 BTC (about $200k). At 1 TH/s, the average probability of mining a block is about once every 16k years, making it an extremely rare event.

BTC-0.26%

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CollateralCora:

That’s the charm of blockchain—the next second is always unknown.

WuSaidBlockchainW

12h ago

Ripple CEO Brad Garlinghouse said at an event at the University of Kansas School of Business that after the U.S. Securities and Exchange Commission (SEC) sued Ripple in 2020, the company had seriously considered shutting down. Garlinghouse said the government has nearly unlimited resources, making closure a potentially easier option; Ripple could have distributed its held XRP to shareholders pro rata and told the SEC the company no longer held XRP. But he said that would have led to the unemployment of hundreds of people, so Ripple ultimately chose to continue fighting the lawsuit. The SEC pre

XRP-0.88%

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ThisIsWhereYouCanEarnMoneyTo:

Keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going, keep going

WuSaidBlockchainW

12h ago

According to Bali Discovery, a 41-year-old Russian man reported to Bali police that on the night of July 2, in South Kuta Pecatu, he was kidnapped by multiple people, held captive for about 30 hours, and during that time was beaten and forced to hand over the passwords to his crypto asset account. The report said the kidnappers also took his phone and the keys to his rented house, and entered his residence to take another phone so they could access the victim’s crypto asset account. The victim was discarded in the early hours of July 4 near Jimbaran’s Udayana University Hospital and received t

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ShuRoadMountainDry:

66666666666666666666666666666666666

WuSaidBlockchainW

12h ago

Wu Shuo learned that Adam Back, co-founder of Blockstream and inventor of Hashcash, and Michael Saylor, founder of Strategy, both posted to oppose pushing BIP 110 on the Bitcoin network. Adam Back said that BIP 110 attempts to regulate other people’s transactions, violating Bitcoin’s principles of decentralization and permissionless operation, and that forcibly advancing it would only lead to a fork. Michael Saylor added that BIP 110 would escalate spam-related disputes into a consensus change, invalidating some valid transactions that already paid transaction fees. He believes this precedent

BTC-0.26%

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TheProphetOfToast:

If paid transactions also have to be reviewed, what’s the point of having the transaction fee?

WuSaidBlockchainW

12h ago

Wu Shuo learned from CryptoRank data that Coinbase Ventures became the most active crypto investment institution in the first half of 2026, having participated in 30 deals, significantly ahead of its peers in the market. Other highly active institutions near the top include Animoca Brands (19 deals), a16z crypto (18 deals), and Tether (15 deals). Castrum Capital, Becker Ventures, and Galaxy each followed with 10 deals.

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PerpNightwatch:

Animoca 19 deals, a16z 18 deals, Tether 15 deals; the second-tier group is fairly tightly matched.

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