Cryptopolitan

The Trump administration is close to establishing a national framework for artificial intelligence, according to The Information. The initiative may cause a substantial change in the regulation of artificial intelligence, not only in the USA, but also in the global tech sector. This framework will take AI policy-making to Washington, clearing the way for the pile of state rules that the developers have to face nowadays.
This is significant because many of the best AI technologies are developed by American companies. The regulations that are enacted in Washington will undoubtedly have an effect on the work of businesses and other authorities outside of American borders. However, one vital issue still remains open: how will open-source AI be handled by the U.S. government?
Washington wants one rulebook instead of fifty
The main focus of the issue is the White House’s National Policy Framework for Artificial Intelligence, which was published on March 20, 2026. Though the title might suggest otherwise, the report is not a regulation or an executive order. The experts from Georgetown University’s Center for Security and Emerging Technologies (CSET) think that the framework is merely a legislative proposal for Congress and cannot be considered a working policy.
According to CSET analysts Mina Narayanan, Jessica Ji, and Vikram Venkatram, the document should be viewed as a starting point for negotiations. Instead of assuming Congress will accept the framework as is, they see it as a way for the administration to express its priorities and still allow Congress to create its own AI laws.
The core idea behind this proposal is simple: to abolish the many AI regulations in different states and come up with a single federal standard. The initiative was based on an executive order that was issued in December 2025, which directed White House officials to develop recommendations regarding a nationwide policy on AI.
This initiative follows the lack of progress by Congress on proposals to prohibit states from enforcing new AI laws or require certain federal funding to be conditional on states limiting their own AI regulations. These proposals were an indication of the concern that companies that build AI systems could have to deal with a plethora of different rules.
This issue is no longer hypothetical. Colorado’s AI Act has put in place rules preventing algorithmic discrimination in high-risk AI. Texas has also reportedly announced its own transparency and consumer protection rules, and California continues to work on issues related to AI legislation for frontier models and AI-generated content. Although the approaches differ, they all add to an increasingly fragmented regulatory landscape.
The White House claims that a unified federal framework would provide developers with more transparent guidelines while dealing with such issues as child safety, AI-generated deepfakes, and innovative opportunities provided by regulatory sandboxes. If Congress takes this step, businesses will be able to spend less time adjusting their products to comply with each state’s laws and more time developing them.
Trump’s AI strategy goes beyond Congress
Legislation passed by Congress is just one component of the administration’s plan. On June 2, 2026, President Donald Trump signed Executive Order 14409 titled, “Promoting Advanced Artificial Intelligence Innovation and Security,” which called on federal agencies to bolster cybersecurity for advanced AI technologies.
The directive mandates an AI cybersecurity clearinghouse, run in conjunction with the private sector, to accelerate the identification of software flaws. In addition, the directive establishes the idea of “covered frontier models”, referring to the best AI systems, and requires agencies to implement a plan for safely using them.
The legislative framework and the executive order both reaffirm the administration’s core message of maintaining the United States’ leadership in AI while boosting its cybersecurity capabilities.
Open-source is still the open question
The biggest area of uncertainty is what happens with open-weight AI models. On one hand, the framework discusses important subjects such as children’s safety, digital identity, deepfakes, and innovation. On the other hand, it does not provide a clear definition of how open-source AI should be regulated. The Information thinks that this is one of the major unresolved issues of the proposal.
The controversy arises as countries around the world place greater emphasis on advanced AI. The International AI Safety Report 2026, led by Turing Award winner Yoshua Bengio and authored by more than 100 experts from over 30 countries, concludes that increasingly capable AI systems require stronger governance. The report also notes that open-weight AI models create distinctive governance challenges because, once released, they can be freely modified and redistributed, making it more difficult to ensure that safety mitigations are consistently adopted.
For AI developers, the current focus might not be open-source but rather on regulatory clarity. A federal government system, which overrules state regulations, can transform various compliance rules into a single national standard and can thus minimize expenses for companies running businesses in every state. On the other hand, this means that states will have fewer opportunities to develop their own AI protection measures before the federal authorities adopt new regulations.
It is still unclear if Congress will finally approve the proposal. However, even if it is just an offer, this policy framework indicates that the authorities in Washington would like to become the main authority in charge of regulating AI technologies. If American companies still produce the majority of AI technologies globally, it is obvious that the final decision will affect not only US laws, but also rules to be adhered to by many more developers worldwide.

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The number of tokenized stock holders since the start of the month has grown by around 68.5% from 554.9K to 934.8K. The biggest reason for this jump can be attributed to the arrival of the Robinhood Chain which now has more tokenized stock holders than any other network. The latest data from Token Terminal shows that there are 329.2K asset holders on the network, ahead of the long standing leaders in this category, Solana at 281.4K and BNB Chain at 214.6K. Robinhood Chain’s mainnet went live on July 1 and in under four weeks, it has managed to topple Solana, a network that spent most of the past year in pole position within this category.
Source: Token Terminal
The holder chart above tells you where the growth came from. Solana led the sector throughout last year and was the network alongside BNB Chain and Ethereum that gradually grew the tokenized stock holder base. Then July comes and a green block appears almost vertically. Robinhood Chain is now nearly a third of the entire sector by holder count from a standing start.
Distribution Won This, Not The Chain
Robinhood Chain’s rapid growth wasn’t because it shipped better infrastructure compared to other existing networks. It took the lead by owning the front door. By front door, we mean the massive existing user base under the Robinhood umbrella. Tokenized equities were dropped into an established brokerage app that already had around 28 million users, most of whom never had to think about a wallet, a bridge or a gas fee to end up holding one.
The other networks within the tokenized stock market have to convince a large group of existing crypto users to buy stocks. Robinhood, on the other hand, only had to convince stock users to click a button, and that directly shows up onchain as a holder number.
A 35% Holder Share Sitting on $44 Million
The lead is wide but It is also thin. Robinhood accounts for about 35% of tokenized-stock holders but only around $44 million in assets on the chain according to data from DWF Labs. Ondo, by comparison, sits near $857 million with a fraction of the wallets.
The math is not flattering when you run it. Average holdings per wallet on Robinhood Chain work out to a little over $130. Retail accounts opening small positions in tokenized Tesla or Nvidia will produce exactly that pattern. Institutional and accredited flow, which is what Ondo has been building toward, produces the opposite one. Holder count is a distribution metric. It is not a capital metric, and the two rarely move together at this stage.
Memecoins Still Take the Volume
Earlier this month the chain’s story was memecoins and speculation, and that has not gone away. Trading volume on Robinhood Chain still skews heavily toward memecoin activity, with tokenized equities growing on top of that base rather than replacing it. Both things are true at once. The speculative layer is what brought early liquidity and attention, and the equity layer is what gives the chain a reason to exist beyond it.
What happens next depends on whether average balances rise. If holders stay at $130 a wallet, Robinhood has built a very large, very shallow user base and the asset numbers will keep favoring Ondo. If those balances climb even modestly across 329,000 wallets, the ranking that matters starts to move too.
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The United States Senate has moved the crypto Clarity Act to the back of its schedule, and the slowdown has stalled an important agreement between the crypto industry and the banking lobby on the possibility for stablecoins to yield money to their investors.
The aforementioned agreement is incorporated in the legislation. Banks have spent months negotiating to keep stablecoin issuers from offering interest-like returns on their stablecoin, which may lead to a loss of deposits from banks.
The resulting provisions stop providers from offering returns for simply holding stablecoins while still allowing them to reward customers for engaging in activities that are not equivalent to deposit interest, according to a research by Galaxy. As long as the voting is delayed, this arrangement is not signed into law.
Russia sanctions and a senator’s funeral jump the line
It appears that Senate Majority Leader John Thune has prioritized other issues. It was reported that Thune began the process to approve several nominations on Monday and will tackle a package of sanctions against Russia at the Tuesday night Senate session, at which point he will initiate the clock on cloture.
In accordance with Senate rules, the Senate only allows one bill to be debated at a time, meaning that market structure legislation can only proceed once those particular bills either pass or hit the deadline.
The measure against Russia that would target leadership in Moscow and impose tariffs on trade partners is now known under the name of the late senator Lindsey Graham, who supported the initiative. The funeral of Graham will take place this week, monopolizing the Senate on Tuesday and Wednesday both in Washington and South Carolina.
What can be expected is that the Clarity Act will not be voted upon until next week, just before the Senate starts its summer break on August 8. If this opportunity is missed, the next one does not come until September.
The ethics provision still blocking 60 votes
The larger issue is that the legislation has yet to be finalized. Negotiators are still grappling with a rule, supported by the Democrats, which prohibits high-ranking officials, including President Donald Trump, from having any connections to the crypto industry. While Trump indicated last week that he would comply by the new rule, but the Democrats rejected the proposal stating it would leave his crypto holdings safe.
The battle has taken on a form beyond just conventional rivalry. Axios reports that a number of progressive associations including Indivisible and Demand Progress have sent a letter to every Democratic senator criticizing Senator Kirsten Gillibrand, who is currently trying to negotiate a compromise to resolve the issue. It is evident that money lies at the root of the issue, as Fairshake, which is a super PAC involved in the issue, claims that it has at its disposal total of $125 million.
As negotiations have reached the White House thanks to Republican senators Bernie Moreno, Cynthia Lummis, and Thom Tillis, it is still necessary for the bill to get the support of 60 senators. Until now, only Democratic representatives Ruben Gallego and Angela Alsobrooks have approved of the original proposal of the Banking Committee.
A 616-page bill that still needs Democrats
The legislation being debated by the senators is extensive. According to Galaxy Research, the draft released recently spans 616 pages and consists of 104 sections and four divisions.
In a previous report, Cryptopolitan informed about the content of the bill that combines the bills offered by Banking and Agriculture committees as two major parts, presents ethics limitations, a law enforcement title, amendments of last year’s GENIUS Act, and some other negotiated provisions. Galaxy evaluated the chances of the bill approval at 30%, and the most radical opponent of the bill, Senator Elizabeth Warren heavily criticized the current version of the bill.
Officials from various states are also opposing the legislation. According to New York Attorney General Letitia James, in her testimony before the Senate Permanent Subcommittee on Investigations, the new legislation would transfer oversight from states to the Commodity Futures Trading Commission, thus limiting states’ abilities to regulate scams. James’s office states that it has received three times as many complaints about scams in the past three years.
What happens if the window closes
If Clarity fails to get through this session, there is still hope for the industry in the form of the ongoing implementation of GENIUS Act and rulemaking processes at the SEC and CFTC.
Even if the Senate passes the bill, it will still have to make its way through the House that will be paralyzed by conflict among Republicans, and then subsequently to Trump who is known for refusing to sign bills until Congress agrees on the new set of requirements for verifying voters’ identities.
In the following week, we may see the first moves towards cloture before Congress goes on break. This may represent the highest level of achievement for lobbies promoting crypto before September.
Circle CEO Jeremy Allaire has consistently argued that regulatory clarity would accelerate institutional adoption rather than merely benefit crypto firms.
A comprehensive federal framework for payment stablecoins would strengthen the U.S. dollar and improve the competitiveness of the U.S. financial system.
Allaire explains the market consequences (“institutional adoption remains on hold until Congress provides regulatory certainty”). Instead of banks vs crypto
legislation delayed becomes institutional adoption delayed. The story from a conflict between banks and crypto firms to a broader question of whether delayed legislation is postponing Wall Street’s deeper participation in digital assets.
The Bank Policy Institute has argued that stablecoin issuers performing bank-like functions should face comparable regulatory requirements. The Senate’s delay leaves unresolved whether Congress will eventually require stablecoin issuers offering yield-like products to compete under rules similar to those governing banks.
Implications to the crypto market
Circle welcomed Senate passage of the GENIUS Act, with Allaire saying:
“The GENIUS Act establishes clear rules that will help modernize the financial system while protecting consumers and supporting innovation.”
Galaxy’s head of research Alex Thorn provided one of the strongest market-impact assessments:
“As the Senate calendar tightens and a lack of progress in negotiations makes passage less likely than several weeks ago.”
He also wrote that a 60-vote bill that still needs a merged Banking-Agriculture text, a motion to proceed, floor debate, an amendment process, and then House action… the runway is quickly declining into just a matter of weeks.
Alex Thorn also says legislative momentum has slowed because “the Senate calendar tightens” and the time available for negotiations is “quickly declining into just a matter of weeks,” even as he still assigns the bill roughly even odds of becoming law this year.

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Kalshi and Polymarket obtained a temporary court order that is stopping Minnesota from applying its ban on prediction markets, enabling two of the fastest growing trading services to keep operating as the sector record-high growth.
The ruling will have wider implications for cryptocurrency. Polymarket performs onchain margin settlement using stablecoin. In addition, cryptocurrency-related trades account for a significant proportion of the trading carried out by both companies above.
Therefore, the state-level ban will not only affect two companies— it will also determine how far states can go in regulating the markets that increasingly intertwine with digital assets at a time when regulators are still trying to determine whether prediction markets are subject to the regulation of derivatives law or fall under gambling regulations.
Why a state ruling reaches into crypto
Prediction markets allow people to get involved in trading through contracts related to future events. The cost of the contracts reflects the probability of the prediction happening, as stated by Pew Research Center.
Crypto has become one of the industry’s largest trading categories. Pew estimates digital asset contracts account for roughly 20% of Polymarket’s trading volume and about 7% of Kalshi’s since July 2024, behind only sports and politics.
This makes it clear that Minnesota’s lawsuit is important not just to the two companies. Polymarket’s move to a high-performance central limit order book (CLOB v2) and its launch of a new USDC-backed token, called pUSD, show a trend in the way leading prediction markets are changing into more advanced crypto-native trading infrastructure.
As these platforms become faster, more liquid, and better integrated with blockchain-based settlement, legal rulings in Minnesota have greater significance for the whole digital asset ecosystem. In blocking the implementation of Minnesota’s ruling, the court allows for the continuation of a big amount of crypto-native trading activity in Minnesota.
A sector that has outgrown its niche
The fast growth of the industry explains why the case has gotten more attention. Data from Artemis indicates that the trading volume of prediction markets remained between $25 and $30 billion every month in the first five months of 2026, and after that, it reached a historical record of $52.8 billion in June.
For the month of July, the month-to-date trading volume reached $50.9 billion, which means that trade activity is high even after the FIFA World Cup, which was one of the biggest trading events of the year.
Unlike in previous years when political events and developments have taken center stage, this year’s developments in prediction markets have been driven by sports events, macroeconomic expectations, the activities of the central bank and developments in the crypto markets.
According to Galaxy Research, the cumulative lifetime volume of prediction markets has broken past $150 billion. Bernstein analysts mentioned by Galaxy believe that if regulations improve, prediction markets may be worth as much as $1 trillion by the year 2030.
However, whether or not this happens depends on an important issue that is currently being tested out in Minnesota and various other states: market access.
Kalshi pulls ahead as Polymarket eyes US onshoring
Competition has shifted in favor of Kalshi as well. According to Token Terminal data, the regulated exchange has taken hold of 61.1% of the cumulative prediction market notional volume in the last five years, having $159.5 billion opposed to $101.7 billion of Polymarket. Kalshi made $39.5 billion in the last 30 days in notional volume compared to Polymarket’s $8.7 billion volume, which highlights the exchange’s momentum lately.
The main difference between them is regulation. Kalshi is a Designated Contract Market regulated by the Commodity Futures Trading Commission (CFTC), whereas Polymarket does not have CFTC oversight of its international platform.
According to estimates from Galaxy, Polymarket’s U.S. operations generated about $1.3 billion worth of trades in April versus about $9 billion on its international platform. Also, it has been reported that Polymarket is currently pursuing broader regulatory approval in the U.S. for its flagship platform.
Thus, the controversy that originated in Minnesota is making an impact beyond the state concerned. If judges persist in siding with federal regulation of prediction exchanges instead of state regulation of gambling, prediction markets may become one of the key areas where cryptocurrencies achieve broad acceptance using existing regular market regulation as opposed to specific cryptocurrency laws. If states win in the end, however, the market may face many obstacles as it operates amid conflicting regulations.
What traders should watch next
The ruling by the court is provisional, and the larger issue of whether states are permitted to restrict federally regulated prediction markets is still open. Traders will be interested to see what Minnesota’s next step is, whether other states will enact similar restrictions, and how Polymarket will succeed in expanding its regulatory reach in the U.S.
The outcome could shape more than prediction markets. As stablecoins and digital asset contracts become increasingly embedded in these platforms, the case may influence how institutional investors view blockchain-based financial infrastructure. The Minnesota dispute could ultimately help determine whether federal derivatives oversight or state gambling laws define the next stage of this rapidly expanding market.

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Magic Labs has agreed to sell its embedded wallet business to Kraken’s parent company, Payward.
The deal will be closed in the coming weeks, subject to customary closing conditions. No figure was mentioned; however, Magic Labs’ CEO Sean Li said the acquisition will be through an asset sale.
Magic Labs’ wallet business in question has created over 60 million wallets and is used by popular names like Polymarket and WalletConnect.
The business will operate independently of Payward, although customers will be serviced by Payward, starting August 1st, according to Li.
Payward plans to integrate the wallet technology to expand its Payward Services’ product suite.
Magic Labs said it’s parting with the wallet business to focus on Newton Protocol, its authorization layer for on-chain finance.
“This transition allows us to put our full energy behind Newton, the authorization layer for onchain finance, while the wallet business moves to a team committed to serving our customers,” said Li.
As part of the transition, the company is rebranded to Newton Labs.
Today we announced two decisions: 1) we've sold our wallet business to Payward, the company behind Kraken. And 2) Magic Labs is becoming Newton Labs.
Onboarding the world was part one of our mission. Securing the capital that follows is part two.
Here's a video on why. 👇 https://t.co/UhU7GLErKC pic.twitter.com/4ezZfcoVkX
— Sean Li (@seanli) July 27, 2026
Payward’s shopping spree continues
The Magic Labs’ deal extends a run of acquisitions made by Kraken’s parent company so far in 2026.
Payward closed its acquisition of Reap Technologies Holdings Limited (“Reap”), a Hong Kong stablecoin payments and card-issuing firm it had first announced on May 7.
The transaction was structured as a cash-and-stock sale, worth a $600 million.
In April, Payward had also agreed to pay up to $550 million in cash and stock for Bitnomial, a US derivatives platform that holds all three licenses required to run a full-stack derivatives business, as Cryptopolitan reported.
The deal was said to have valued Payward at $20 billion.
While Payward has continued to shop for crypto businesses, earlier plans to take Kraken public remain halted.
The company filed a draft S-1 registration statement with the SEC in November for a potential U.S. listing. However, the move was halted in March, with Kraken citing difficult market conditions.
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Nvidia (NASDAQ: NVDA) is putting money and hardware behind Safe Superintelligence, the lab started by former OpenAI chief scientist Ilya Sutskever.
The deal gives Ilya more access to Nvidia’s graphics chips and cuts the lab’s earlier dependence on processors from Alphabet’s Google (NASDAQ: GOOGL).
Nvidia called the funding “substantial,” but neither side shared the amount. The company agreed after reviewing work that Safe Superintelligence has kept mostly hidden. Financial terms remain private, and neither company gave a timeline for hardware deliveries.
The companies said the hardware could multiply the startup’s computing capacity by an “order of magnitude.”
Safe Superintelligence had primarily trained its systems with Google’s tensor processing units, or TPUs. It will now add a lot of Nvidia GPUs, which are used for huge AI training sessions. The deal also gives Nvidia another high-profile research customer as chip companies compete for future demand.
Nvidia brings another former OpenAI leader onto its hardware platform
Nvidia used a similar deal in March with Mira Murati, OpenAI’s former technology chief. Mira co-founded Thinking Machines Lab in 2025. Nvidia invested in that company in March, and Thinking Machines released its first model this month using Nvidia chips.
Safe Superintelligence was formed in 2024. Ilya built the company around one goal: creating what he calls “safe superintelligence.” That means AI able to do anything humans can do without endangering them. Its plan is a “straight-shot” research effort rather than a normal product schedule filled with public releases.
Safe Superintelligence raised about $2 billion from firms including Andreessen Horowitz and Sequoia Capital. By late last year, the business had reached a valuation of around $30 billion without providing a public model or specific product strategy. Its price was primarily based on Ilya’s reputation and previous work at OpenAI.
The lab has kept nearly all technical details private. Ilya said its scientists are “focused on overlooked aspects of how the human brain functions.” Nvidia was given a closer look before committing capital and chips. The deal gives the lab another source of computing power.
Apple retakes the top valuation as Nvidia and other chip names fall
The announcement came on a weak day for Nvidia shares. Nvidia (NASDAQ: NVDA) dropped 5% on Monday and finished with a market value of $4.77 trillion. Apple (NASDAQ: AAPL) gained 1%, lifting its value to $4.95 trillion and putting it ahead of Nvidia for the first time since April 2025.
Nvidia had been the world’s most valuable company since June 2025, when it passed Microsoft (NASDAQ: MSFT). Its valuation briefly reached $5 trillion in October. So far in 2026, Nvidia stock has risen only 4%, while Apple has climbed 24%.
Apple has spent less on building its own AI data centers. It has chosen to rent capacity instead. Investors have favored that approach as concern grows over the huge bills tied to AI construction. Nvidia’s sales are still in their third year of strong AI-led growth, but some money has gone toward memory makers and other suppliers that benefit from data center demand.
Those companies include Micron Technology (NASDAQ: MU), SK Hynix (KRX: 000660), and SanDisk (NASDAQ: SNDK). Apple will publish fiscal third-quarter results on Thursday. The report is expected to show the financial effect of the global memory shortage linked to AI demand. Apple raised Mac and iPad prices in June after memory costs increased.
Meanwhile, the Dow Jones Industrial Average added 262.83 points, or 0.51%, and closed at 52,210.08. The S&P 500 gained 0.02% to end at 7,413.18. The Nasdaq Composite fell 0.18% and settled at 24,932.08.
Chip stocks cut some early losses but still finished lower. The VanEck Semiconductor ETF (NASDAQ: SMH) lost more than 2% after also falling on Friday. Advanced Micro Devices (NASDAQ: AMD) dropped 5%, Teradyne (NASDAQ: TER) fell 4%, and Micron declined about 2%.
Oil also fell after the United States and Iran paused attacks. September Brent crude futures sank 8.7% to $88.36 per barrel. West Texas Intermediate futures lost 7.5% and closed at $82.61 per barrel.
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Circle (NYSE: CRCL) has announced that it has acquired fundamental assets from IBM’s (NYSE: IBM) blockchain portfolio, a purchase the issuer of USDC says makes it the biggest holder of blockchain patents in the United States.
The portfolio comes with over 680 patent families and close to 1,000 issued patents worldwide, as in Circle’s press release.
Beyond core blockchain technology, the patents touch banking, financial services, insurance, enterprise infrastructure, supply-chain verification, and secure cloud operations.
Circle did not disclose the cost of the acquisition. Also, it is not yet disclosed if IBM kept any licensing rights.
Circle’s general counsel and corporate secretary, Sarah Wilson, who mentioned in a statement that IBM has been a pioneer in technological innovation, stated that intellectual property is critical to advancing their “mission and expanding adoption of on-chain infrastructure.”
Where will Circle be applying the patents?
Circle stated that the IP will back its existing suite, which includes USDC, the Circle Payments Network, and Arc, the company’s enterprise blockchain. It also named financial tools built for AI agents, an area Circle has pushed through its Agent Stack products. The two companies also added that they plan to look at further commercial deals together.
The acquisition reshuffles a small league table. IBM ranked among the top US blockchain patent holders before the sale. A December 2025 study by patent analytics firm PatSnap put IBM at 790 patents, level with Advanced New Technologies and Bank of America. The latest acquisition of most of IBM’s patents pushes Circle past its rivals.
Circle received its first patent, covering parallel blockchain data processing, in December 2023 and had earlier joined the LOT Network, a group that shields members from patent-assertion firms.
How is the market reacting to Circle’s acquisition of IBM’s blockchain portfolio?
Investors nudged both stocks up in premarket trading. Circle shares rose 2.5%, with IBM up 1.6%.
The bump lands against a rough year for Circle stock. Yahoo Finance reported CRCL down 66% over the trailing 12 months to $62.36, while IBM had slipped 18% to $214.19 on July 27. Circle’s slide follows a turbulent 2025 in which the stock swung from roughly $81 to a $293 peak before giving most of it back.
Why the timing lines up
The patent deal fits a run of moves that push Circle further into regulated finance. On July 10, the Office of the Comptroller of the Currency granted final approval for Circle to set up a national trust bank, operating as Circle National Trust, which will offer custody for digital assets.
In May, Circle raised $222 million selling Arc tokens ahead of that blockchain’s launch, landing a $3 billion network valuation.
Owning IBM’s patents gives Circle a defensive and offensive asset as it competes for the infrastructure layer beneath stablecoin payments.
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China’s Ministry of Commerce has told the United States to stop threatening to impose sanctions on Chinese artificial intelligence companies.
The ministry has warned that it will take “all necessary measures” to defend its interests if Washington acts against them.
Why did the U.S. sanction China’s AI?
A spokesperson for China’s Ministry of Commerce said the continuous sanction threats from the United States lack any factual or legal grounding and amount to what China calls “AI hegemony.”
Senior U.S. officials reportedly want to investigate Chinese labs over the alleged “distillation” of advanced American models and might sanction them on claims of intellectual-property theft.
The same spokesperson argues that several of the Chinese models shipped at roughly the same time as leading U.S. systems and already rank among the best in certain areas, including front-end coding. Innovation, the spokesperson added, belongs to no single country.
China’s sharpest point is that many U.S. AI firms have distilled Chinese models during research and training, according to the Ministry of Commerce. The ministry also noted that close to 200 U.S. startups have asked their own government not to cut off access to Chinese open-source models, arguing a cutoff would blunt their competitiveness, as Cryptopolitan reported.
A government spokesperson also previously dismissed the theft allegations, calling them an unfounded “smear” rooted in prejudice.
Beijing closed by suggesting both countries honor a consensus reached by the two nations’ leaders.
Why is the money moving to Chinese models?
Cryptopolitan reported that Chinese models now account for 46.4% of routed token traffic on OpenRouter, a platform that lets developers swap between systems, against 35.7% for US-built models. DeepSeek alone contributes 17.6% of that total as of July 2026. A Hugging Face study published March 16, 2026, found Chinese open-source models made up 41% of all open-source model downloads.
The reasons for this massive adoption of Chinese technology are that its compute runs far cheaper, and the U.S. export limits that were imposed earlier in 2026 on frontier models such as Anthropic’s Claude Mythos 5 and Fable 5 created openings that foreign systems filled.
Following Moonshot AI’s launch of Kimi K3 and developers’ claims that the model’s performance is close to Anthropic’s Fable and OpenAI’s ChatGPT, offered at a far lower price, the U.S. has been considering new measures against Chinese technology.
OpenAI’s most recent valuation stood at $852 billion and Anthropic’s at $965 billion, against a reported roughly $30 billion for Moonshot.
Cryptopolitan reported July 20 that the U.S. is likely to impose new procurement rules, renew its threats to add Chinese labs to the Commerce Department’s Entity List, and apply public pressure on American companies that use Chinese models. The Entity List already restricts hundreds of Chinese firms from buying U.S. goods without a license.
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Emorya has launched its AI Health Module inside the live app, marking a major product update for the Web3 health and fitness platform as it continues to move beyond its original move-to-earn foundation.
The new module brings AI-powered food scanning into the Emorya app, allowing users to scan meals, analyze what they eat and add calorie intake data directly into their daily health tracking. The feature is now connected to the app’s existing calorie burn system, creating a more complete calorie balance experience where users can compare what they consume against what they burn through activity.
Why Emorya is launching its AI Health Module
This is an important step for Emorya because it changes the app from a movement-focused rewards platform into a broader health tracking product. Instead of only recording activity, the app can now begin to connect both sides of the daily health equation.
Users can see calories burned, calories consumed, macronutrient targets and body progress inside one interface, supported by a visual human-body system designed to make the information easier to understand.
Inside the updated experience, users are shown their daily calorie burn progress alongside their calorie intake target. The app also displays macronutrient categories including protein, carbohydrates and fats, while allowing users to update their weight and scan food directly from the same screen. This gives the product a clearer daily use case and brings Emorya closer to the type of health app experience mainstream users already understand.
Emorya is expanding its product foundation
The launch follows a wider rebuild of the Emorya app, which has included a new user interface, improved user experience, better speed, stronger analytics and a more structured product foundation. These updates give the app a cleaner base for the AI module and help move the platform towards a more accessible consumer experience.
For Web3 health apps, that accessibility is becoming increasingly important. Early move-to-earn products often placed the reward mechanism at the center of the user journey, which appealed to crypto-native users but did not always create a simple experience for broader audiences.
Emorya’s latest update points in a different direction by putting health utility first and allowing the Web3 reward layer to support the product from underneath.
According to Emorya CEO Oliviu Jurjica, the launch of the AI Health Module represents a major milestone in the project’s development.
“It is extremely exciting to see Emorya reach this stage. In the beginning, the app was much simpler, focused mainly on movement tracking and rewarding users for activity. That foundation was important, but the vision was always much bigger.
Over the last phase of development, we have rebuilt the app with a new UI, improved UX, better speed, stronger analytics and more control across the ecosystem. Now, with the AI module approved and live in the app, users can scan their food, analyse what they eat, track calorie intake and compare it live against what they burn through a visual human-body system inside the app.
This changes what Emorya is. It is no longer just a crypto project or a simple move-to-earn app. It is becoming a bridge between Web2 usability, real health utility and Web3 rewards. We are seeing blockchain technology become more abstracted into everyday products, and that gives Emorya a very strong position because the Web3 foundations are already built into the app. As users look for smarter health tools and more rewarding digital experiences, Emorya is ready for that next chapter.”
Is Emorya a health app now?
The launch also gives Emorya a clearer position in the wider health app category. Food scanning, calorie tracking and activity monitoring are already familiar behaviors for many users, but Emorya is combining them with a reward-based model that was built into the platform from the beginning. That gives the app a different route into the market, where users can interact with a familiar health product while also accessing the added value of Web3 participation.
The most important part of the update is that the experience does not need to feel technical. A user does not have to understand blockchain infrastructure to see the benefit of scanning food, checking calorie intake, comparing it with activity and following progress over time.
That is where Emorya’s mainstream potential becomes more practical. The product can lead with health, fitness and daily habit tracking, while the Web3 layer remains part of the underlying value structure.
With the AI Health Module now live, Emorya has moved into a new phase of product development. The app is no longer only about tracking movement and rewarding activity. It now gives users a more complete way to monitor calories consumed, calories burned and nutrition data in one place, supported by a redesigned interface and a clearer health-focused user journey.
For Emorya, the launch is a product milestone as well as a positioning shift. It gives the project a stronger foundation in the mainstream health app category, while maintaining the Web3 reward structure that made the platform different from the start.

Coinbase CEO Brian Armstrong has pushed back against calls for crypto founders to pivot to AI.
In a post on Sunday, Armstrong took aim directly at the years-old slogan “If you’re in crypto, pivot to AI,” which seems to have become popular in recent months, amid the growth of AI.
“It’s zero sum, scarcity thinking,” he wrote, saying crypto is a general-purpose technology.
"If you're in crypto, pivot to AI."
I used to hear versions of this, and it's the wrong way to think about the world. It's zero sum, scarcity thinking.
Crypto is a general purpose technology. It's infrastructure, the same way electricity or the internet is infrastructure. It…
— Brian Armstrong (@brian_armstrong) July 26, 2026
Coinbase CEO says crypto will power agentic payments
Armstrong put crypto in the same category as electricity and the internet, saying it’s an infrastructure that doesn’t compete with AI, but rather underpins it.​
“AI being a megatrend takes nothing away from crypto. If anything, it makes crypto more important,” said Coinbase CEO.
He noted that the opportunity lies in crypto being a real-time programmable money, a new sector coined as “Agentic Finance (AiFi).”
According to Armstrong, AI agents will eventually need their own financial infrastructure to trade, hold funds, and pay for items, among other things. He believes crypto will power most of all agentic payments.
“They can’t open a bank account, they can’t wait three days for a wire, they reside in one country,” Armstrong argued. “They need real time programmable money (and that’s crypto).”
Bitcoin miners are already jumping ship to AI
The crypto industry already sees a trend of participants shifting focus to AI, especially in the mining sector.
Core Scientific, CleanSpark, and DMG Blockchain Solutions, among others, have rented out their facilities to serve clients, including Alphabet, Amazon, Meta, Microsoft, and other hyperscalers chasing more computing capacity.
Adam Sullivan, the Chief Executive at Core Scientific, said: “The opportunity for miners to convert to AI is one of the greatest opportunities I could possibly imagine.”
In fact, the company plans to stop all mining operations by 2028, as Cryptopolitan reported in December.
More recently, in July, Grayscale announced it would rename the Grayscale Bitcoin Miners ETF ($MNRS) to the Grayscale AI Compute ETF, effective September 15. The fund will now target the AI and high-performance computing sector.
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Strategy Inc. (MSTR) raised its cash reserve by $525 million over the past week.
The company filed Form 8-K on Monday, reporting it sold 5.4 million MSTR shares last week for $544.5 million. In that period, it also repurchased 288,930 shares of its STRC preferred stock for $25 million.
Michael Saylor, the company’s executive chairman, confirmed the news, writing on X that Strategy has now achieved 2.1 years of coverage for dividend and interest payments.
As of the filing, Strategy has a total of $3.75 billion in its USD Reserve.
Saylor announced the update a day early, as Cryptopolitan reported. On Sunday, he posted the same tracker chart with the comment “We’re gonna need another color”, a behavior that had in the past consistently been followed by a disclosure on Monday regarding a coin purchase.
We’re gonna need another color. pic.twitter.com/AqZO5UeXDx
— Michael Saylor (@saylor) July 26, 2026
But this time, the follow-up was a reserve building; Strategy failed to buy any Bitcoins during the week, which meant it was the fifth week in a row.
The company holds a total of 843,775 BTC, worth $54 billion, sitting on paper losses of more than $8 billion.
Critic Peter Schiff argues Strategy should have sold BTC
Long-time Bitcoin and Strategy Peter Schiff said that selling MSTR was a wrong move, arguing that Strategy should have sold BTC instead of the “discounted MSTR shares.”
“So, another week when you chose to destroy common shareholder value by selling discounted MSTR shares (thereby reducing Bitcoin per share) to raise cash and buy back STRC rather than sell Bitcoin,” Schiff posted.
He argued that the common stock sell-offs leave investors with no legitimate reason to own MSTR.
Strategy will report its Q2 earnings results on Thursday, July 30th. The company’s earnings are expected to increase by 6.40%, reaching $121.88 million.
MSTR currently trades at $97.46, up 6.44% in the day, following the news.
MSTR price chart. Source: Yahoo Finance.
The consensus price target for MSTR is around the $360 price mark, which implies an upside potential of over 290%.
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South Korea’s KOSPI index closed up roughly 1% for the day on Monday, July 27, as markets reacted to a wave of commitments from the government and private investors buying into the Asian country’s push to claim a stake in regional and global semiconductor, AI and robotics relevance.
The positive wave that started with Seoul’s $1 trillion plan for semiconductors, AI data centers, and robotics grew bigger this week as KB Financial Group rolled out its own 150 billion won venture fund backing for the sector.
By the time the markets closed for the day, the conviction pushed the benchmark to 6,755.75, up from its 6,690.62 close the week before on Friday, according to Google Finance data.
Where is KB Financial investing its 150 billion won bet on Korean tech?
The 150 billion won (roughly $100 million) KB Kookmin Growth Unicorn Scale-up Fund, revealed on July 27, plans to support about six South Korean firms in advanced fields such as AI, semiconductors, secondary batteries, aerospace, mobility, robotics, and bio.
The plan was waved through at the group’s fourth Productive Finance Council on July 24, with the funds coming from affiliate capital and run through KB Securities’ PE Growth Investment Division.
KB is also shaking up the process to decide which companies will get a slice of the $100 million its council approved. For example, the group said that future value, based on firms’ adoption of advanced technology, will rank higher than financial statements in its criteria for testing candidates’ compatibility with its fund.
“For early-growth-stage companies that will be eligible for support from the Unicorn Scale-up Fund, it is difficult to judge growth potential based on financial statements alone,” a KB Financial Group official was quoted in local media.
The group also said it is setting up an “Advanced Strategic Industry Study Forum” to train its screening staff. The same official continued that the goal is “to cultivate screening personnel with the expertise and foresight to look ahead to the future development potential of industries and technologies.”
The advanced tech push comes from the top of the Lee government
The Lee Jae Myung administration has been a major catalyst for the funds coming into the country. The latest headline came after the South Korean president lobbied executives from six Silicon Valley venture firms to consider Korean startups in their investment meetings during a July 25 San Francisco stopover that punctuated his trip to Brazil.
Lee pitched the pairing of US venture capital with Korean tech and manufacturing capacity as the formula for building “the next-generation Samsungs, Hyundais, SKs, Navers.”
The National Pension Service, which holds 1,690 trillion won in assets, signed a memorandum of understanding (MOU) on investment cooperation at the end of the meeting. The six-firm group, which includes Andreessen Horowitz, Sequoia Capital, and General Catalyst, collectively manages a combined $313 billion.
Before the 150 billion won KB fund and Lee’s San Fransciso meeting, the Financial Services Commission and the Ministry of Culture, Sports and Tourism announced the “K-culture Value-up Fund” on July 22. The ministry will invest in K-culture firms, AI content and technology. Of the total, 100 billion won is earmarked for AI and intellectual property, and 50 billion won for content.
The 150 billion won will be contributed by the FSC, which is putting 50 billion won by itself, 30 billion won each from the Korea Development Bank and the Advanced Strategic Industry Fund, with private investors expected to add more than 70 billion won.
The FSC called it the first time its Public Growth Fund has scaled up by pairing with a ministry’s own policy money.
South Korea is moving on from June’s selloff
The activity follows a rough stretch for Korean equities. Cryptopolitan previously reported that the KOSPI fell nearly 10% on June 23, with Samsung Electronics down 12.3% and SK Hynix off 12.5% as foreign investors rotated out of AI trades.
That correction landed on a market heavily tilted toward chipmakers, and it came shortly before Seoul unveiled a roughly $1 trillion plan for semiconductors, AI data centers, and robotics anchored by Samsung and SK Hynix. Monday’s higher close, alongside the new private funding, suggests the sector’s backers are still committing money rather than retreating.
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Decentralized cloud storage provider Storj Labs has become the latest in crypto to file for bankruptcy, over what the company described as “legacy obligations.”
Storj voluntarily filed for a Chapter 11 restructuring on July 26th at the U.S. Bankruptcy Court for the Northern District of West Virginia.
Kaloyan Raev, Director of Engineering at Storj Labs, said filing a Chapter 11 was “a decisive, positive step” toward clearing certain legacy debts holding back the company.
“What holds it back are legacy obligations from an earlier chapter,” Raev said. “This process lets us resolve them in an orderly way and come out the other side with a clean foundation.”
Storj to cut off non-essential operations
Storj said it will dispose of previous acquisitions and non-essential operations as part of the Chapter 11 restructuring.
The filing comes roughly nine months after Storj was acquired by Inveniam, becoming a subsidiary of the latter.
The company runs a decentralized cloud storage network, where it incentivizes companies and individuals to rent out spare hard-drive space instead of building and running its own data centers.
Storj plans to focus on its core business going forward, which Raev says “is strong and right-sized.” It said the network will continue to operate normally and meet its obligations without any interruptions in service to customers throughout the restructuring process.
At the time of writing, STORJ token was down 17.9% over the last 24 hours, trading at $0.06044, amid the news.
Crypto sees more operation wind-downs
Storj’s filing follows Movement Labs, which also declared bankruptcy on July 15, Cryptopolitan reported.
Movement Labs has been embroiled in a controversy over a market-making deal that saw the company hand over 5% of MOVE token supply to an obscure market maker known as Rentech.
Rentech dumped the entire 5% supply, about 66 million MOVE, shortly after the token launched, profiting $38 million. MOVE never recovered from the incident.
Several crypto businesses have been forced to close amid the bear market this year.
As of July 24th, 95 projects have shut down so far in 2026, with the recent ones being SecondFi, BitMEX, and BitMart, among others.
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Nvidia (NASDAQ: NVDA) is using the fallout from OpenAI’s attack on Hugging Face to launch an AI security campaign in the tech industry built around open models.
On Monday, the chipmaker joined Microsoft (NASDAQ: MSFT), Palantir (NASDAQ: PLTR), SpaceX (NASDAQ: SPCX), and dozens of US and European companies to create the Open Secure AI Alliance, promising to create a security software that users can download, inspect, alter, and run.
Details of the Hugging Face breach triggered the launch. Its team could not use leading US frontier models because their safety controls treated attackers and defenders alike. Hugging Face instead ran a Chinese open-weight model on its own hardware.
As Cryptopolitan previously reported, that system did not block the same defensive actions. The case surfaced while US lawmakers considered limits on Chinese AI products, including advanced open-weight models.
Nvidia and its partners give cyber defenders control over open AI tools
Open-weight models allow users to read and modify system files locally. Anthropic and OpenAI’s closed services are still housed on corporate-owned platforms, so customers are unable to host, modify, or thoroughly inspect those products. During the attack, Hugging Face was harmed by that very restriction.
“The Open Secure AI Alliance will work to remediate and disclose vulnerabilities using open technologies,” Nvidia said. “The recent Hugging Face security incident delivered a clear reminder: cyber defenders need open, frontier agentic systems for self-defense.”
Members of the alliance plan to share fixes created with open technology and also publish security vulnerabilities. Additionally, they want defenders to operate AI agents within private networks and customize the software to each threat without having to wait for a third-party source.
Nvidia referred to the OpenAI and Hugging Face incident as a “practical truth.” Last week, a letter was issued to lawmakers by Nvidia, Microsoft, Meta Platforms (NASDAQ: META), Palantir, and over 20 other companies. It requested that authorities refrain from imposing “premature restrictions” on open-weight models that would “stifle competition or push innovation overseas.”
As you know, right now Chinese developers provide virtually all of the powerful downloaded models, which raises the urgency of stricter US regulations.
Nvidia is making infrastructure commitments in addition to the security project. It had already inked letters of intent for projects worth more than $500 billion with the SK Group of South Korea. Future memory supply, AI factories, and collaborative development of new memory technology are all guaranteed under the contract.
Nvidia backs major computing projects across South Korea and southern Ohio
In South Korea, SK Telecom (KRX: 017670) wants to build a 2-gigawatt AI cloud. They plan to use SK Hynix (KRX: 000660) HBM4 memory, Vera Rubin computing system, and Nvidia’s DSX platform. In first half of 2027, the first facility is projected to open.
Nvidia’s DSX full-stack design, which combines accelerated processors, integrated systems, software, networking, and partner equipment, will be used in the plants too. As demand for AI grows throughout Asia-Pacific, particularly in South Korea, companies want to reduce energy consumption and processing expenses.
Nvidia is also planning to offer a cash guarantee of around $250 billion for an OpenAI data center facility in southern Ohio. According to the Wall Street Journal, the project’s total value might approach $500 billion after all of the chips are counted. The location would provide 10 gigawatts, making it the largest announced data center project.
A SoftBank energy subsidiary is building the campus. Nvidia’s backing may enable SoftBank Group (TYO: 9984) to borrow on easier terms. OpenAI is private, unprofitable, and has no investment-grade credit rating, and so it has spent multiple weeks in advanced negotiations to lease the property.
OpenAI has shown the strongest interest. Anthropic, Microsoft, and Alphabet (NASDAQ: GOOGL) have also discussed the site with Howard Lutnick. A signed lease would make OpenAI a direct data center tenant for the first time. It currently rents most computing capacity from Microsoft, Amazon (NASDAQ: AMZN), and Oracle (NYSE: ORCL).
OpenAI recently raised planned computing spending through 2030 to about $750 billion, from roughly $600 billion earlier this year.
Nvidia is currently worth about $5 trillion and wants larger long-term chip orders. Its latest annual report warned that data center financing could reduce near-term cash flow and increase exposure to customer credit risk.
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Binance, the world’s largest crypto exchange, has revealed that a large share of the traders using its newest tokenized stock product had never engaged with equities on the exchange before.
The exchange has spent the past several months building out three separate routes into traditional market exposures, launching pre-IPO exposure through perpetual futures, direct access to US-listed stocks, and bStocks, its tokenized on-chain securities.
One of the standout figures is that four in ten bStocks users had their first-ever exposure via Binance’s TradFi via the product.
Why are new Binance users choosing the tokenized version first?
Binance’s figures show that 41.5% of bStocks traders had not previously used perpetual futures or direct stock trading on the platform, meaning the token was their first exposure to equities on Binance at all.
According to the platform, bStock listings grew from 5 to 36 within a month, and combined market capitalization across the tokens reportedly passed $300 million over the same period.
Binance also says that the ease of use on the platform has made it easy for users to make certain moves that may require more steps on traditional platforms. It used SPCX, a recent pre-IPO listing of SpaceX stock on the platform, as a case study, stating that 8.6% of the users who traded its pre-IPO perpetual contract went on to buy the bStock version, as opposed to 0.6% who moved into the direct stock.
What happens once conventional markets close?
Traditional US equities trade on a 24/5 schedule. bStocks trades around the clock every day, and Binance said that difference shows up directly in its volume data.
During regular US market hours, bStocks and direct stocks split equity-linked volume on Binance almost evenly, with bStocks at 48%. However, it goes up to 58% once the market closes for the day.
The exchange says that reasons for this go beyond extended hours. Each bStock is meant to be backed one-to-one by a share held with a regulated custodian, a claim the exchange says can be checked through its own Proof of Collateral page, and dividends are paid out automatically through a rebasing mechanism it calls the Multiplier.
Holders can also deploy bStocks in decentralized finance, supplying them to liquidity pools or using them as collateral. Binance cited PancakeSwap liquidity pairs, which show yields ranging from roughly 32% to 228%, and native credit pools offering a steadier 5% to 10%.
Instant, fee-free conversion between a bStock and its underlying share is intended to keep the two priced closely together; however, gaps can still open when conventional markets are shut and on-chain trading continues.
Binance said a sample of users generated $216 million in trades exploiting these gaps between June 11 and July 8. A small group of systematic traders accounted for most of that volume, even though most individual participants only traded once.
Does Binance’s data reflect a wider industry pattern?
Binance’s own figures suggest its products aren’t being used in isolation, as it pointed out that 58.5% of bStock users also traded perpetual futures or direct stocks in the same window, split across users combining perps and bStocks, all three products together, or direct stocks and bStocks.
Independent data shows tokenized stocks have become the largest real-world-asset (RWA) category by wallet count, with newcomers favoring tokenized equities as their entry point into the RWA market rather than as an add-on. The current distributed value tokenized stocks market is $1.88 billion, with a monthly transfer volume of over $7.6 billion per rwa.xyz data.
Several exchanges have expanded tokenized equity offerings into new markets this year, and clearing infrastructure providers like the DTCC have begun testing tokenized securities settlement, while major exchanges such as Nasdaq and the NYSE have launched their own tokenization initiatives.
Set against that backdrop, Binance’s numbers look less like an isolated marketing claim and more like a snapshot of a shift already underway across the industry.

Mitsubishi has now joined a growing list of automakers around the world pushing to start making their own robots.
The Japanese automaker is teaming with Tokyo-based Highlanders Inc. to mass-produce humanoid robots, according to a Sunday report by The Mainichi.
Highlanders, a startup that spun out of the University of Tokyo in 2023, builds general-purpose humanoid and quadruped robots using domestically sourced parts.
“There is no company (in Japan) that can compete with global companies in the realm of physical AI,” said Highlanders CEO Hiroya Masuoka. “We want to take a step forward.”
Mitsubishi targets making 1,000 robots by 2027
Mitsubishi intends to leverage its manufacturing expertise in this alliance, with a target to hit a production capacity of 1,000 humanoids per month before the end of 2027, according to the report.
The company mentioned labor shortages as one reason behind the move. It also plans to deploy humanoid robots on an engine manufacturing line at its factory in Kyoto, Japan.
“In Japan, we are the ‘leadoff hitter’ in mass producing’ humanoid robots, said Mitsubishi Motors CEO Takao Kato.
The companies signed a Memorandum of Understanding (MOU) for the partnership earlier this month.
Highlanders agreed to work with Mitsubishi to develop robots for use in the automaker’s facilities. In turn, Mitsubishi Motors’ Kyoto Plant will be used to mass-produce Highlanders’ robots.
The announcement revealed Mitsubishi Motors already has a stake in Highlanders, and it plans to make additional investments in the future.
Meanwhile, the deal puts a Japanese automaker into a contest that already includes Hyundai, Tesla, BYD, Xiaomi, and XPeng, all of which have moved to put walking robots on their own assembly lines.
Automakers are investing heavily in humanoids
Xiaomi is already testing humanoid robots in its car production facility. On July 15th, Cryptopolitan reported that Xiaomi’s robots hit 98% success rate, just 1% below the performance level of human workers.
The tech giant plans to deploy “a large number” of humanoid robots in its factories over the next five years.
Another Chinese automaker, XPeng, plans to launch its humanoids globally by next year, as part of its plan to become a “physical AI company.”
South Korea’s Hyundai took the acquisition route. The Korean group agreed in July to buy SoftBank’s remaining 9.65% stake in Boston Dynamics for an estimated 500 billion won, or about $338 million, Cryptopolitan reported.
Having full control of the robotics firm, Hyundai intends to deploy Boston Dynamics’ humanoid robot, Atlas, at its Metaplant America electric-vehicle complex in Georgia starting in 2028.
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If you’re a Bitget user in Canada, you’ve probably noticed something’s off lately. Since January 2026, Bitget has been rolling out restrictions for Canadian accounts. No new sign ups, no Interac or bank transfers, and a countdown on any positions you still have open.
If you’re trying to figure out what to do next, BTCC is worth considering, especially if you’re mainly a futures trader who cares about leverage and a solid safety record.
To be clear, this isn’t a “BTCC vs Bitget, who wins” kind of article. Bitget still does a lot of things well, copy trading and its huge coin selection being the obvious ones, and BTCC doesn’t try to compete on those fronts. This is really just an honest look at what BTCC offers, so if you’re a Canadian user who needs a platform you can keep actually using, you have enough to make your own call.
What Happened with Bitget in Canada
On January 12, 2026, Bitget sent a notice directly to Canadian IP addresses. Following updated guidance from the Canadian Securities Administrators (CSA) around stablecoin custody, Bitget ended up being geofenced out of offering new or expanded services to Canadian residents.
Here’s what that actually looks like for users:
No new Canadian KYC is being accepted as of January 2026, so new users can’t sign up at all
Interac and bank wire funding have been shut off for Canadian accounts
Existing positions are limited to “Reduce Only” orders, meaning you can close trades but not open new ones
Canadian users have been removed from Bitget Earn pools
Open positions are being force closed over a 90 day window
Withdrawals to external wallets still work, at least for now
The core issue seems to be that fully serving Canadian users would have required Bitget to register as a FINTRAC Money Services Business and go through a Pre Registration Undertaking with the OSC and CIRO. That’s a slow, expensive process that also means segregating Canadian user funds from the platform’s global operations, and it looks like Bitget chose not to go down that road, at least for now.
If you’re a Canadian Bitget user, the practical upshot is that you’re on a clock. That’s the situation this article is meant to help with.
A Quick, Honest Comparison
Before anything else, here’s a side by side look at the basics. Bitget genuinely has some advantages here too, so this table isn’t cherry picked to make BTCC look perfect.
BTCCBitgetFounded20112018Registered users12M+120M+Futures pairs400+840+Spot pairs380+840+Max leverage500x125xFutures maker fee0.025%0.02%Futures taker fee0.05%0.06%Copy tradingyesyesDemo tradingyes ($100,000 virtual)yesZero cut liquidation protectionyesyesCanadian availability (mid 2026)No restriction observedSupport Interac depositrestricted since Jan 2026
**Fees change with VIP tier and volume, so always check the current rates on each platform before trading.
The short version: BTCC is a futures focused exchange with a high leverage ceiling and a clean security history. Bitget is a broader platform with more coins. Which one fits you depends a lot on how you actually trade, but if you’re a Canadian user, the “can I even use it” question matters more than usual right now.
What You’d Actually Pay in Fees
Futures Trading
Fee typeBTCCBitgetMaker0.03%0.02%Taker0.048%0.06%
If you mostly place market orders, BTCC works out a bit cheaper. If you’re mostly placing limit orders, Bitget has the edge. Either way the difference per trade is small, it just adds up with volume.
At Different Trading Volumes (Taker Orders)
Monthly volumeBTCC (0.048%)Bitget (0.06%)Annual difference$10,000$4.8/month$6/monthabout $12/year$100,000$48/month$60/monthabout $120/year$500,000$240/month$300/monthabout $600/year
For casual trading this is basically pocket change. If you’re trading heavily, it’s worth a few hundred dollars a year, so not nothing, but not the main thing to decide on either.
VIP Tiers
BTCCBitgetVolume needed for VIP1No volume needed, just $200 deposit$5M/monthVIP1 taker fee0.045%0.04%VIP1 maker fee0.025%0.018%
BTCC’s VIP1 tier is easier to reach. Bitget’s fees end up a touch lower once you’re actually there. If VIP tiers matter to your trading, it’s worth running the numbers for your own volume.
Leverage, and What It Actually Means
BTCCBitgetBTC/USDT max leverage250x125xETH/USDT max leverage250x125xOther pairsup to 50 to 250xup to 75x
Say you’re putting up $100 margin on a BTC long:
BTCC (250x)Bitget (125x)Max position size$25,000$12,500BTC equivalent at $100K/BTC0.25 BTC0.125 BTCP/L on a 1% BTC move$250$125
The flip side of high leverage is worth spelling out clearly:
LeverageMove to liquidation$100 wiped out at250xabout 0.4%BTC $100,000 to $99,800125xabout 0.8%BTC $100,000 to $99,20050xabout 2.0%BTC $100,000 to $98,000
At 250x, a move as small as 0.4% (something BTC can easily do within an hour) can wipe out your margin. Both platforms use zero cut liquidation, so you’ll never owe more than you put in, but the margin itself can disappear fast at the higher end.
Honestly, the real benefit of a 250x ceiling isn’t that you should trade at 250x all the time. It’s more about flexibility, being able to size positions the way you want across a portfolio. If you like trading futures with real leverage room, BTCC gives you more of that. If 125x is already more than you’d use anyway, this difference won’t affect you much.
Security and Track Record
BTCCBitgetYears operating15+ (since 2011)7+ (since 2018)History of hacksnonenoneProof of Reserves147%175%Zero cut systemyesyes
BTCC’s story here is simple: no hack in 15-plus years, through a period that included Mt. Gox, FTX, and the 2025 Bybit breach, all of which made a lot of traders rethink how they pick an exchange.
Bitget’s story is a bit different. A 175% Proof of Reserves means more reserve coverage on paper than BTCC reports.
Neither one has an obvious weak spot. It really comes down to whether you’d rather trust “this platform has never had an incident” or “this platform has more of a cushion if one happens.”
Where Bitget Still Has an Edge
It wouldn’t be fair to skip this part. If a really wide coin selection matters to you, that’s genuinely an area where Bitget is stronger, and BTCC doesn’t try to match it.
BTCCBitgetFutures pairs370+840+Spot pairs370+840+Tokenized stocks/commoditiesyesnot availableStakinglimitedextensive
If you like following experienced traders instead of building your own strategy, or you want exposure to newer or smaller coins, that’s a real reason to miss Bitget. Where BTCC pulls ahead is if you also want tokenized exposure to things like stocks or gold alongside your crypto futures, all on one platform.
Is BTCC Worth Trying
If you…BTCC might work well because…Mainly trade futures and want high leverage250x ceiling with zero cut protectionCare most about a clean security history15 years, no incidentsAlso want exposure to stocks or commoditiesTokenized products alongside crypto futuresAre new to futures and want to practice first$100,000 demo accountMostly place market ordersSlightly lower taker feeNeed a platform that can still onboard you as a CanadianBitget isn’t accepting new Canadian sign ups right now
Moving Your Funds from Bitget to BTCC
If you’re a Canadian Bitget user in the reduced window, here’s roughly how the process goes:
Log into Bitget, go to Assets, then Withdraw.
Pick a coin that both platforms support for transfers. USDT is usually the simplest option, just make sure the network (like TRC20) matches on both sides.
Copy your BTCC deposit address for that coin and network exactly.
Send a small test transfer first, something like $10 to $20, before moving everything over. Getting the network wrong can mean losing funds permanently.
Once the test transfer arrives safely, move the rest and close out your Bitget position before the reduce only window ends.
Getting Started with BTCC
Sign up on the official BTCC site with your email or phone number.
Complete KYC by uploading a government ID, approval is usually quick.
Deposit funds and start trading, or try the demo account first if futures trading is new to you.
Frequently Asked Questions
Is Bitget still usable in Canada? Existing users can reduce or close positions and withdraw to external wallets, but no new Canadian accounts are being accepted, and CAD funding methods are turned off. Full service hasn’t resumed as of this writing.
Is BTCC available to Canadian users? Yes. BTCC does offer service to users in Canada. They have Interac e-Transfer for Canadian users to deposit CAD.
Is higher leverage always better? Not really. It increases how efficiently you use your capital, but at 250x a move of just 0.4% can wipe out your margin. The real upside is flexibility in how you size positions, not maxing out the leverage every time.
Can I use both platforms? Outside Canada, sure, plenty of traders use BTCC for futures and Bitget for copy trading or spot. For Canadian users right now, that’s less of an option given the restrictions described above.
One Last Thing
Bitget’s restrictions in Canada aren’t a rumor or a marketing talking point, they’re a real, dated regulatory situation that puts current users on a timeline. If that’s you, and futures trading with solid leverage and a long clean safety record sounds like what you need, BTCC is worth checking out for yourself. The demo account is a good low pressure way to get a feel for it before moving real funds over.
This article is for general information only and isn’t investment advice. Please confirm current fees, leverage limits, and regulatory status directly with each platform before trading.

ChangXin Memory Technologies (CXMT) had its long-anticipated IPO on Monday, July 27. The sale coincided with a spike of activity on Hyperliquid, as CXMT drew the attention of whales and retail traders.
The CXMT IPO was expected to become the biggest offering on the Shanghai stock exchange since 2011. As Cryptopolitan reported, the China AI stock rush was seen as a new opportunity, and was immediately taken over by crypto traders.
CXMT saw a record trading spike, as well as an inflow of crypto whales taking directional positions for one of the biggest IPOs in Mainland China. | Source: HIP-3
CXMT is already available through TradeXYZ, after the platform bought the rights to the ticker on Hyperliquid for 500 HYPE.
As of July 27, CXMT had over $45M open interest on HIP-3, with a new peak of daily volumes above $9M after the initial record spike. The day of the IPO coincided with significant selling, as both the perpetual futures contract and the stock were in price discovery mode.
CXMT surges in Shanghai trading
The chipmaker CXMT became China’s most valuable AI infrastructure firm, after surging between 470% and 530% in its Shanghai debut. The company’s total market cap is estimated at over $483B, making it the most valuable listed company in mainland China.
The stock market debut also tests the strength of the chipmaker and AI stock narrative. CXMT is a major DRAM producer, a basic component powering user electronics, as well as data centers.
The IPO proceeds are expected to go toward expanded production and additional research and development.
Beyond the business model of CXMT, the main driver for the rapid price expansion was the peak demand for shares, far exceeding the IPO offers.
The demand spilled over into on-chain trading, as Hyperliquid offered an entry point to speculating on the early price discovery. On the first day of trading, the HIP-3 market for CXMT reached 1.14% of the volumes on the Shanghai stock exchange, with a spike to $234M in the first hours of post-IPO trading.
Former BTC whale jumps into CXMT
On HIP-3, the price of CXMT ranged from over $8 to $5.99. The price range set by perpetual futures traders was closer to the actual IPO price, compared to the company’s initial target of $1.20 per share.
After the IPO, HIP-3 held 13 whale positions for CXMT, of which seven were showing bullish confidence with long positions.
The leading position is still short, with $17.87M in notional value. The leading whale has an unrealized loss of $1.24M after the price rally.
Another whale, mostly known for BTC positions, fully switched to trading CXMT. The whale still holds a $4.81M position, fluctuating between gains of $300K and small temporary losses. The whales are still waiting for the stock to choose a direction in the initial post-IPO days.
At this point, it’s unknown if any of the whales have also succeeded in gaining IPO shares directly from the company. In this case, shorting CXMT would be a hedging strategy in case the shares took a nosedive after the initial hype. This scenario would also point to Hyperliqid as a hedging tool, to be used in other upcoming high-profile IPOs.
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A North Korean hacking crew screens crypto wallets before it strikes. The group tricks victims into fake Zoom and Microsoft Teams calls.
UK security firm JUMPSEC released the source code analysis this week. BlueNoroff’s operation targets the people who hold private keys. It just needs one person to click the wrong prompt.
BlueNoroff screens crypto wallets before choosing who to infect
JUMPSEC was able to retrieve the kit’s true source code after its operators left JavaScript source maps exposed on live infrastructure.
The files describe a workflow that scans a target’s browser as soon as they land on the fake meeting page. JUMPSEC found that the kit looks for Ethereum connections with the EIP-6963 standard and with legacy browser techniques.
It also probes for non-EVM wallets like Solana tools. The results are pushed directly to an operator dashboard. And the person on the call never gets a prompt or warning.
The malware on Windows computers has a list of browser extension IDs for Chrome, Edge, Brave, Opera, Vivaldi, and Firefox. Hackers then use these IDs to check against known wallet extensions like MetaMask.
Attackers can check each wallet, decide which ones are worth a full break-in, and then send payloads to those targets. The lure is based on the victim’s existing trust in someone else.
Attackers take over a crypto contact’s Telegram account and send a convincing Calendly invite to a fake meeting domain. Each hijacked account leads to that contact’s own crypto contacts, who become the next round of targets.
As soon as the video call starts, the page asks for a name and webcam access. It then sends the camera feed to the attacker’s panel in the background.
A screenshot from a victim saying their Telegram account was hacked. Source: JUMPSEC.
Victims then see a screen that says “waiting for other participants.” Then the operator plays a pre-recorded video and says to the victim, “Your mic isn’t working.” After that, a fake “Zoom SDK Update” message pops up.
The face on the call isn’t real, according to JUMPSEC. Attackers stitch AI-generated headshots onto body movements captured in earlier meetings.
The fake Teams meeting page includes emoji reactions, device settings, background effects, and wallet scanning. JUMPSEC also found an incomplete Google Meet clone inside the exposed code.
Every operating system has dedicated malware payloads
On Windows, the copied ClickFix command launches a small PowerShell loader that downloads a VBScript. Then it adds a Microsoft Defender exclusion and restarts Defender to make the change permanent.
The payload collects system information and searches for wallet extensions in browsers. It also searches for Telegram Web files. And it can receive later payloads that researchers never quite recovered.
Hackers drop a fake Zoom or Teams installer on macOS while a stealer runs silently. It steals system data and Chrome master keys from Apple’s Keychain and sends them via Telegram.
Security researchers found four macOS versions from April 22 to July 15. Arctic Wolf and JUMPSEC found five phishing kit versions shipped between May 31 and July 14, with full compromise in under five minutes.
Arctic Wolf’s research identified more than 100 victims in over 20 countries, including 41% in the United States. In April, Arctic Wolf tallied more than 80 typosquatted meeting domains registered since late 2025.
About 80% of those targeted work in crypto or blockchain finance, and 45% are founders or CEOs. The timing of the attacks also corresponded with business hours in North Korea.
BlueNoroff is a subgroup of the Lazarus Group. Cryptopolitan reported earlier that Lazarus targeted banks and crypto firms with a fileless RemotePE trojan, using similar Telegram and fake-scheduler lures.

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