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BlockBeats report: On July 13, Japan’s largest security token issuance and management platform, Progmat, completed its migration to the Avalanche blockchain. All tokenized assets under custody with a value exceeding 452 billion yen (about $2.7 billion) were migrated from a permissioned chain based on Corda 5 to a dedicated Avalanche Layer 1.
This migration was announced in February this year and completed as scheduled, with no disruption to the normal operations of financial institutions throughout. Progmat states that the new architecture no longer relies on a single blockchain and can support future multi-chain expansion. All smart contracts have been migrated to the EVM environment, and while keeping the original functions unchanged, the processing speed for asset and rights transfers has increased by 3 to 5 times, with the time to final confirmation of transactions reduced to within 2 seconds.

BlockBeats news: On July 13, international oil prices rose across the board. WTI crude climbed above 75 USD per barrel, up 5.01% during the day. Brent crude surged 5.00% intraday, now at 79.74 USD per barrel.
Crude oil futures main contract in the oil sector rises further in the short term. SC crude oil’s gain expands to 2.21%, now at 481.5 yuan per barrel. Low-sulfur fuel oil (LU) gains expand to 1.92%, now at 4,195 yuan per ton. Fuel oil’s gain expands to 2.51%, now at 3,312 yuan per ton. Asphalt’s gain expands to 3.13%, now at 3,960 yuan per ton.
In the news, US President Trump said the Strait of Hormuz is open, and whether or not Iran is involved, it will remain open. We will resume the “blockade of Iran” operation. It is named as such because it only prevents Iranian vessels or customers from entering or exiting.

BlockBeats report: On July 13, cross-border payments infrastructure platform Borderless.xyz released (its 2026 Q2 benchmark report) showing that stablecoin cross-border payments achieved actual conversion rates throughout Q2 that were better than the interbank FX rate. This resulted in a rare negative pricing premium compared with the traditional cross-border payment system.
Data shows that in Q2, the median “Parity Gap” for stablecoin payments was -3.2 basis points. In June, it widened further to -5.9 basis points, indicating that users ultimately executed at exchange rates better than the interbank mid-market rate. Meanwhile, the average cost of sending a $10,000 cross-border payment remained at about $27, staying essentially stable for five consecutive months.

BlockBeats message, on July 13, the Bank of Thailand said it has begun using data analytics tools to screen for abnormal large-value transactions in the stablecoin market, focusing on USDT issued by Tether in order to combat illegal fund flows and “grey economy” activities.
Bank of Thailand Governor Vitai Ratanakorn said that initial screening found that some transactions appear to intentionally evade disclosure requirements or bypass the traditional banking system to transfer funds. Since the regulation of digital assets falls under the Securities and Exchange Commission (SEC) of Thailand, the central bank will hand over the relevant leads to the SEC for further investigation.

According to a BlockBeats report, on July 13 the Securities Transfer Association (STA) in the United States sent a letter to the U.S. SEC calling for the tokenized securities regulatory framework to preferentially support tokenized stocks issued directly under authorization by listed companies, rather than share tokens issued by third-party entities. It said the latter could harm market integrity and increase investor risk.
STA states that tokenized stocks authorized by the issuer are genuine securities listed in the company’s official register of shareholders, and investors enjoy full shareholder rights; meanwhile, tokenized shares issued by third parties rely more on the creditworthiness of the issuing platform and carry custody, operational, and counterparty risks. STA recommends that any SEC innovation exemptions, pilot programs, or long-term regulatory frameworks for tokenized securities in the future should be primarily applicable to the issuer-authorized model, and that third-party products must provide clear risk disclosures and must not be confused with real stocks.

BlockBeats report, July 13, citing Reuters: Yemen’s Houthi movement accused Saudi Arabia of launching airstrikes on Sanaa International Airport, saying the strikes were intended to prevent an Iranian passenger aircraft from landing. The Houthis said this was the first openly announced Iranian flight directly to Sanaa in nearly a decade. Saudi authorities have not yet confirmed carrying out the airstrikes.
Houthi spokesman Yahya Saree said that Saudi Arabia carried out several airstrikes on the Sanaa airport, which means the de-escalation phase between the two sides has already ended. He warned that Saudi Arabia would bear the corresponding consequences. The Houthi movement then announced a full mobilization and warned that if it faced further military strikes, it may carry out attacks on airports and strategic facilities inside Saudi Arabia.

BlockBeats report, July 13: According to CryptoRank data, Coinbase Ventures completed 30 investments in the first half of 2026, making it the most active crypto VC firm. Animoca Brands, a16z, and Tether completed 19, 18, and 15 investments, respectively.
Over the past 12 months, Coinbase Ventures has completed 75 investments, ranking first in the industry. Animoca Brands, YZi Labs (formerly Binance Labs), GSR, and a16z follow.
Despite the crypto market remaining in a sluggish phase, industry financing continues to contract. In June, the total funding raised by crypto companies fell to $1.4 billion, down 63% from April’s $3.8 billion. Funding rounds also dropped from 89 in May to 61. At the same time, the number of independent investment firms participating declined from 452 in October 2025 to 242 in June this year.

BlockBeats message: On July 13, the U.S. Depository Trust & Clearing Corporation (DTCC) plans to demonstrate, this Wednesday, a real-time stock trading and settlement workflow based on blockchain technology. The market believes that this technology could streamline the clearing, settlement, and record-keeping processes behind stock trading on Wall Street, and improve the efficiency of capital market operations.
This test is seen as an important step in the traditional financial system’s exploration of on-chain securities infrastructure. However, the project’s initial scale remains relatively limited. After years of research and development, the DTCC’s demonstration is more about validation than a full-scale shift of the stock market to blockchain.

BlockBeats, July 13—after the U.S. Congress resumed sessions, (Clarity Act) (the Crypto Market Structure Bill) entered a critical legislative window. Industry insiders believe that the next four weeks will determine whether the bill can complete Senate consideration before the August congressional recess and be formally passed this year.
According to reports, the U.S. Senate is expected to release this week the latest bill text after integrating versions from the Banking Committee and the Agriculture Committee. Currently, the bill still faces two major core disputes: first, the final wording of the (Blockchain Regulatory Certainty Act) regarding regulatory responsibility for non-custodial software developers; and second, ethical provisions related to conflicts of interest involving government officials, especially those tied to Trump’s cryptocurrency business. Insiders say the White House and Congress have not yet reached agreement on the ethical provisions, which is seen as a key factor in securing the bill’s 60-vote threshold.

BlockBeats report: On July 13, a roundup of major pre-market news in the U.S. stock market is as follows:
1. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs will be the first to release their second-quarter earnings reports on Tuesday, while Morgan Stanley will publish its results on Wednesday. The market expects that driven by the SpaceX IPO, a pickup in M&A activity, and market volatility triggered by the Iran situation, U.S. large banks’ investment banking and trading revenue will rise significantly;
2. Trump said Iran always tears up agreements, so they must be hit hard. The U.S. will control the Strait, and in the future it will very likely dominate the Strait;

BlockBeats message: On July 13, according to data from the Korea Financial Investment Association, the recent sharp decline in South Korea’s stock market has accelerated deleveraging by margin-reduction funds. The forced liquidation amount in July has already reached KRW 344.2 billion (344.2 billion won), including KRW 142.2 billion on a single day, July 9. Due to a two-trading-day lag in the forced liquidation data, the liquidation pressure caused by the KOSPI’s plunge of nearly 9% on July 13 has not yet been fully reflected. The market expects the liquidation amount to rise further in the future.
On July 13, South Korea’s KOSPI index closed down 8.95%. During the trading session, the sell-side algorithmic order suspension mechanism (Sidecar) and the first-level circuit breaker (Circuit Breaker) were triggered. The semiconductor sector was hit hard, with SK Hynix down 15.37%, setting a record for the largest single-day decline, and Samsung Electronics down 10.7%.