Cryptocurrency hacking losses to exceed $142 million by July 2025
According to PeckShieldAlert, approximately 17 major crypto-attacks were recorded in July 2025, resulting in a total loss of approximately $142 million, a 27.2% increase from the previous month. CoinDCX, GMX, and BigONE were the top three platforms for losses in July. The GMX hackers have already returned approximately $40.5 million worth of crypto assets, including 10,000 ETH and 10.5 million FRAX.
According to Coinbase, total revenue for Q2 2025 was $1.5 billion, net profit reached $1.4 billion, and adjusted EBITDA was $512 million. Subscription and service revenue was $656 million, and the platform's assets under custody reached $245 billion, with BTC/ETH ETF assets under custody accounting for over 80%. Coinbase's Q2 2025 financial report showed that the previously high-profile data breach cost the company $307 million, lower than the market estimate of $400 million. During the reporting period, the company's total revenue decreased by 26% quarter-over-quarter, trading revenue decreased by 39%, and crypto spot trading volume decreased by over 30%. Quarterly trading volume was $237 billion, up from $226 billion in the same period of 2024.
AguilaTrades faces another $400 million loss, with all BTC long positions forced to close.
According to Ember, with today's Bitcoin price correction, AguilaTrades' $400 million long BTC position was completely liquidated half an hour ago. This cycle of manipulation lasted a month, with a peak profit of $41.7 million ending in a loss of $5.2 million, bringing its total losses to $40 million. This marks the fifth time the company has experienced losses after reaching $400 million in positions, a pattern that continues to persist.
U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that, in conjunction with the Presidential Working Group (PWG) report, his top priority is to expedite the establishment of a regulatory framework for the issuance of crypto-assets in the United States. He noted that capital formation is the SEC's core mission, but that the SEC has long ignored the market's need for choice, suppressing crypto-asset-based financing activities, causing the crypto market to shift elsewhere and investors to miss out on opportunities to participate in the economy using new technologies. He emphasized that the SEC's past practice of "escaping reality" and "enforcement first, questions later" is now a thing of the past.
According to the Ethereum Foundation's blog, Ethereum celebrated its tenth anniversary yesterday and today officially released its "Lean Ethereum" vision, which serves as both a blueprint and a personal mission for the next decade. This vision emphasizes next-generation cryptography as its core, balancing extreme performance, security, and decentralization. It proposes a dual-track strategy of "Fortress Mode" and "Beast Mode" to propel Ethereum into the cornerstone of the Internet of Value. The upgrades encompass three sublayers: the consensus layer, the data layer, and the execution layer, aiming to achieve breakthroughs in both performance and security while addressing future threats like quantum computing. The Foundation stated that "Lean Ethereum" is more than just a technological upgrade; it embodies minimalism and craftsmanship, aiming to build an indestructible Ethereum network for future generations. The "lean Ethereum" vision clearly puts forward three core goals: first, performance upgrade, increasing the TPS of the Ethereum main network L1 to 10,000 and the TPS of L2 to 1 million, achieving large-scale expansion; second, extreme reliability, ensuring 100% normal operation of the network and the ability to resist threats such as quantum computing and state-level censorship; third, three core upgrades, namely "Beacon Chain 2.0" at the consensus layer, "post-quantum blobs 2.0" at the data layer, and "EVM 2.0" at the execution layer, to comprehensively promote the security, performance and decentralization of Ethereum.
Strategy Announces $4.2 Billion STRC Share Offering
Strategy (NASDAQ: MSTR/STRK/STRF/STRD/STRC) has signed a sales agreement to issue and sell up to $4.2 billion in variable-rate Series A perpetual preferred stock (STRC Stock) through an at-the-market program. The company stated that the proceeds will be used for general corporate purposes, including Bitcoin acquisitions, working capital, and preferred stock dividends.
Strategy Q2 operating revenue reached $14 billion and net profit reached $10 billion
According to Strategy's announcement, in the second quarter of 2025, the company achieved operating revenue of $14 billion, net profit of $10 billion, and earnings per share of $32.60. The company also released full-year 2025 guidance, projecting operating revenue of $34 billion, net profit of $24 billion, and earnings per share of $80. The company also raised its Bitcoin-related target for 2025 to a 30% BTC yield and $20 billion in BTC-to-USD returns.
Pump.fun registered a subdomain and may launch a transaction fee dashboard or incentive mechanism.
According to BWEnews, Pump.fun recently registered the fee.pump.fun subdomain, which may indicate that it is about to launch a transaction fee dashboard or an incentive program based on transaction volume.
Apple (AAPL.O) CEO Tim Cook said: We have acquired 7 companies this year, and we are willing to accelerate our AI roadmap through mergers and acquisitions. Apple is increasing its investment in AI and integrating it into all areas of the company. Apple is integrating AI elements into its devices, including writing and Siri functions. Apple (AAPL.O) had revenue of $94.04 billion in Q3 of fiscal year 2025, compared with $85.78 billion in the same period last year, and the market expected $89.53 billion. Among them, the iPhone product line had revenue of $44.58 billion, and the market expected $40.22 billion. The iPad product line had revenue of $6.58 billion. Revenue in Greater China in the third fiscal quarter was $15.369 billion. Service revenue in the third fiscal quarter was $27.423 billion.
According to Onchain Lens, a newly created wallet received another 23,314 ETH from Galaxy Digital, worth approximately $88.27 million. The wallet currently holds a total of 62,966 ETH, with a total value of approximately $233 million.
According to BusinessWire, Mill City Ventures III, Ltd. (NASDAQ: MCVT) announced the successful completion of a $450 million private equity financing round and the official launch of its pioneering Sui blockchain treasury management strategy. The financing was led by London-based digital asset hedge fund Karatage Opportunities, with participation from the Sui Foundation and other institutions. Karatage co-founders Marius Barnett and Stephen Mackintosh serve as Chairman of the Board and Chief Investment Officer, respectively. Mill City currently holds 76,271,187 SUI tokens at an average purchase price of $3.6389 per token, making it the only publicly listed SUI treasury officially backed by the Sui Foundation.
Detailed chart: Trump sets tariff rates for several trading partners ranging from 10% to 41%
US President Trump signed an executive order establishing reciprocal tariffs on several countries and regions, ranging from 10% to 41%. For EU countries, if the current tariff on goods is below 15%, it will be increased to 15%; if it is above 15%, no additional tariff will be imposed.
US stock market closes: All three major stock indexes fall, while new stock Figma soars 256%
US stocks closed Thursday, with the Dow Jones Industrial Average initially down 0.74%, the S&P 500 down 0.37%, and the Nasdaq Composite slightly lower. Microsoft (MSFT.O) rose 3.9%, but its market capitalization failed to stabilize at $4 trillion. Meta (META.O) rose 11%, and design software giant Figma surged 256% on its first day of trading. The Nasdaq China Golden Dragon Index closed up 0.66%, with NIO (NIO.N) up 8% and Alibaba (BABA.N) up 2.7%.
Coinbase CEO Brian Armstrong announced that Coinbase added 2,509 bitcoins in the second quarter of 2025, bringing its total holdings to 11,776. The cost basis was $740 million, and the fair value was $1.26 billion, a significant increase from the first quarter.
US SEC Chairman Announces Major Initiatives to Adapt to Cryptocurrency Development
According to Reuters, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins unveiled a series of regulatory reforms aimed at adapting to cryptocurrency and blockchain trading at the American Policy Priorities Institute on Thursday (US time). Atkins stated that he has directed the Commission to develop criteria for determining whether crypto tokens are securities and to provide innovative exemptions and clear regulatory guidance for market participants. The newly established "Project Crypto" will promote the modernization of securities regulations and expedite the implementation of the White House's recommendations for federal support for digital asset trading. To accommodate the trading of tokenized securities, the SEC may need to consider revising the National Market System Rules. This move is considered a major positive for the U.S. crypto industry and will accelerate the integration of crypto assets with traditional finance.
According to Jinshi, the White House announced that it would impose a 39% tariff on Swiss goods, a 19% tariff on Pakistani goods, a 19% tariff on Malaysian goods, a 20% tariff on Vietnamese goods, a 20% tariff on Bangladesh, and a 15% tariff on Israeli goods. Furthermore, US President Trump signed an executive order raising tariffs on Canada from 25% to 35%, with the higher tariffs taking effect on August 1, 2025 (local time).
Coinbase to launch tokenized stocks and prediction markets in the US
According to CNBC, Coinbase announced that it will launch new services in the US in the coming months, including tokenized stocks, prediction markets, derivatives, and early token sales, expanding its core trading applications beyond cryptocurrencies. Coinbase Vice President Max Branzburg stated that the company is committed to building a "one-stop on-chain exchange" that enables on-chain trading of all assets and promotes a faster and more open global economy. The new services will also be gradually expanded to international markets, with the specific progress depending on regulatory approvals in various regions.
Puffer Finance Announces Puffer UniFi AVS Upgrade, Delivering Millisecond-Sensitive Transactions
Puffer Finance has officially announced the upgraded Puffer UniFi AVS, secured by over $13 billion in re-staked ETH. Built on EigenCloud, the AVS provides sub-second execution and economic synergy for Rollups through a validator-backed gateway and real-time pre-confirmation mechanism. Pre-confirmation has become the default solution for Rollup-based scaling, enabling real-time execution and economic consistency. Puffer UniFi AVS offers the following features: 1. Layer 2 network pre-confirmation execution; 2. Millisecond transactions for high throughput; and 3. Economic consistency between Rollup owners and Ethereum proposers.
The “ancient whale who has been dormant for 14.5 years and held 3963 BTC” sold another 180 BTC
According to on-chain analyst @ai_9684xtpa, the "ancient whale, who held 3,963 BTC in 14.5 years," has sold another 180 BTC. Over the past week, the company has apparently sold 330 BTC, worth approximately $39.04 million, at a cost as low as $0.37. Half an hour ago, the 180 BTC (approximately $21.25 million) were transferred to the market maker-linked address bc1q5...zr2xn, which has interacted with multiple institutions, including B2C2, Galaxy, and Coinbase.
Trump's second son's stake in American Bitcoin may be worth $367 million
According to Bloomberg News, Eric Trump, the second-oldest son of President Donald Trump, holds a significant stake in American Bitcoin, a company he co-founded in March. According to securities filings filed on Tuesday, his interest will be exchanged for approximately 367 million new shares of Nasdaq-listed Gryphon Digital Mining Inc. in a planned merger. With Gryphon's share price around $1 on Thursday, his stake could be worth $367 million when the company goes public in the coming weeks. The combined company will be named American Bitcoin.
Tether International Limited (TIL) today released its Q2 2025 attestation report, according to its official blog. The report shows that USDT issuance exceeded $13.4 billion in Q2 2025, bringing the circulating supply to over $157 billion (a $20 billion increase year-to-date). By the end of the second quarter, Tether's total holdings of U.S. Treasuries exceeded $127 billion, an increase of approximately $8 billion from the first quarter, making it one of the world's largest holders of U.S. Treasuries. Meanwhile, shareholder capital in the company managing the reserve assets remained stable at approximately $5.47 billion compared to the previous quarter. Tether's net profit totaled approximately $4.9 billion in the second quarter, bringing the total net profit for the first half of the year to $5.7 billion. Year-to-date, TIL's recurring profit was $3.1 billion, excluding the market value contribution of gold and Bitcoin, which increased by $2.6 billion. As of June 30, 2025, the Company's total assets are at least $162,574,933,798; the Company's total liabilities are $157,108,009,474, of which $157,100,255,857 is related to the issued digital tokens; the Company's assets exceed its liabilities; the Company's proprietary investments in emerging fields such as artificial intelligence, renewable energy, and communications infrastructure through Tether Investments are not included in the reserves for the issued tokens.
US appeals court overturns fraud conviction of former OpenSea product manager
According to The Block, on Thursday, the U.S. Court of Appeals for the Second Circuit overturned the fraud and money laundering conviction of former OpenSea product manager Nathaniel Chastain, citing a dispute over whether the NFT information involved was property. The judge partially agreed with his appeal, stating that the district court erred in instructing the jury, informing Chastain that he could be convicted of defrauding OpenSea of property if he misappropriated intangible interests unrelated to traditional property rights, a mistake that may have affected the verdict. In June 2022, Chastain was accused of using confidential information to secretly purchase dozens of NFTs before they were listed on the OpenSea platform, and then selling them at a profit of two to five times the original price. The judge said it was uncertain whether the jury would have reached the same verdict if the instructions had been correct (fraud requires misappropriation of property rights). The judges also noted that Chastain accused OpenSea founder Devin Finzer of purchasing MATIC tokens before OpenSea announced it would integrate its associated blockchain into the NFT platform. "Chastain believes that evidence that Finzer 'used similar company information for personal gain' would demonstrate that the co-founder 'did not believe that company policy prohibited officers or employees from using similar company information for personal gain,'" Thursday's ruling said.
According to The Block, Bernstein stated in a client report on Thursday that the current crypto bull cycle is still in its early stages, and trading platforms such as Robinhood and Coinbase are poised to benefit from growing trading volume and mainstream adoption. Bernstein reiterated its "outperform" rating on both companies, expressing continued confidence in their performance. The report indicated that Robinhood reported strong second-quarter results on Wednesday and continued to expand its cryptocurrency product offerings. Its trading volume surged to a six-month high in July, driven by a rebound in market volatility and growing investor interest in ETH, SOL, and DeFi tokens, driven by factors such as Circle's listing. Cryptocurrency trading volume is expected to rebound significantly in the second half of the year. The report also noted that Coinbase's strategic partnership with JPMorgan Chase significantly boosted the adoption of digital assets. JPMorgan's embrace of an industry once criticized by its CEO will accelerate Coinbase's customer acquisition. Bernstein believes the current crypto bull market is still early, and recent developments reinforce this view, stating that "no action is needed at this time."
Malware "JSCEAL" fakes cryptocurrency app ads and may have reached over 10 million users
According to FinanceFeeds, cybersecurity firm Check Point revealed that since March 2024, a large-scale malware campaign dubbed "JSCEAL" has potentially reached over 10 million users through fake advertisements for popular cryptocurrency applications like Binance and MetaMask. These ads trick users into downloading programs carrying malicious code capable of stealing passwords, Telegram accounts, and Bitcoin wallet information. The attack, which spreads through social media ads and phishing websites, involves malware capable of logging keystrokes, stealing saved browser passwords, and tampering with encryption plugins like MetaMask to directly steal assets. It utilizes JavaScript obfuscation and anti-detection techniques, making it difficult for conventional security tools to identify. At least 3.5 million users in the EU have been exposed to these ads, with Asia also being a significant area of concern. Experts note that while ad exposure does not guarantee actual infection, the irreversible nature of cryptocurrency transactions raises concerns about the scale of the threat. Users are advised to download applications only through official channels and enable protective measures such as two-factor authentication.
Grayscale launches Story Protocol Trust Fund
According to CoinDesk, Grayscale announced the launch of the Story Protocol Trust, providing accredited investors with exposure to the protocol's native IP token. Story Protocol aims to transform intellectual property (IP) such as music, video, and biometric data into programmable on-chain assets, automating copyright management and royalty distribution through smart contracts. Like other Grayscale products, Story Trust will be open to accredited investors daily for subscription, but secondary market trading is not guaranteed.
Tether-focused blockchain Stable completes $28 million seed round led by Bitfinex and Hack VC
According to CoinDesk, Stable, a new blockchain project built around Tether's USDT, announced the completion of a $28 million seed round led by Bitfinex and Hack VC. Other backers include Franklin Templeton, Castle Island Ventures, and KuCoin Ventures, as well as angel investors such as Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson. The Stable blockchain aims to use USDT as the base gas token to build a fast, low-cost, and stable payment network. Its roadmap consists of three phases: the first phase will enable USDT gas payments and sub-second block confirmations; the second phase will provide block space guarantees for enterprise-level payments; and the third phase will focus on developer tools and performance upgrades.
Bloomberg: Swedish payment giant Klarna considers restarting US IPO as early as September
According to Bloomberg, people familiar with the matter said that with the recent surge in fintech stocks and the strong performance of US listed companies, Swedish payment giant Klarna Group Plc is considering restarting its initial public offering (IPO) in New York as early as September. The digital payment company is stepping up preparations for its first stock sale, and related discussions are still ongoing. Specific details (including the timing) have not yet been finalized. Klarna submitted an IPO application to the US SEC in March and planned to begin marketing its shares to potential investors. However, due to the market turmoil caused by Trump's announcement of large-scale tariffs in April, the company shelved the plan. Recently, the company has positioned itself as a digital bank that can provide a variety of services, from checking and savings accounts to credit and debit cards. Earlier in February, Klarna's CEO said that Klarna and individuals will embrace cryptocurrencies.
Key U.S. inflation gauge rises while consumer spending nearstagnation
According to Jinshi, the Federal Reserve's preferred core inflation measure accelerated in June, reaching one of the fastest rates this year, while consumer spending barely grew, highlighting the factors dividing policymakers on the path of interest rates. Data released Thursday showed that the core personal consumption expenditures (PCE) price index, which excludes food and energy prices, rose 0.3% from May. The year-on-year increase was 2.8%, reflecting limited progress in curbing inflation over the past year. The data showed that inflation-adjusted consumer spending rebounded slightly in June after declining in May. These data suggest that the pullbacks in the economy are dividing Federal Reserve officials on the path of monetary policy. On the one hand, progress on inflation has essentially stagnated, and central bankers worry that President Trump's tariffs will put further upward pressure on prices. On the other hand, a reduction in consumer spending due to a weak job market could lead to an overall economic slowdown.
Galaxy Report: Corporate Cryptocurrency Asset Holdings Surpass $100 Billion
According to a report released Thursday by Galaxy Research, corporate cryptocurrency finance companies, including Strategy, Metaplanet, and SharpLink, have accumulated a combined $100 billion worth of digital assets. The report indicates that Bitcoin Finance holds the vast majority of the holdings, with over 791,662 bitcoins on its books, valued at approximately $93 billion and representing 3.98% of the circulating supply. Ethereum Finance, on the other hand, holds 1.3 million ether, valued at over $4 billion and representing 1.09% of the ether supply. However, as previously reported by The Block, the cumulative value of ETH treasury reserves held by 64 entities has exceeded $10 billion. These entities include publicly traded companies, crypto exchage, DeFi protocols, non-profit organizations, and the federal government.
The U.S. core PCE price index was 2.8% in June and 0.3% in June.
According to Jinshi.com, the US core PCE price index rose 2.8% year-over-year in June, in line with expectations for a 2.70% increase and a revised previous reading of 2.8%. The US core PCE price index rose 0.3% month-over-month in June, in line with expectations for a 0.30% increase and a previous reading of 0.20%.
According to an official announcement, the US listed company Empery Digital (formerly Volcon) announced that it has increased its holdings of 303 bitcoins and currently holds a total of 3,803 bitcoins.
Visa supports USDG and PYUSD issued by Paxos in its stablecoin settlement service
Stablecoin issuer Paxos announced on the X platform that Visa today announced support for Paxos-issued USDG and PYUSD in its stablecoin settlement services. Additionally, Visa has added support for the Stellar and Avalanche networks, according to official sources.
Circle: Native USDC and CCTP V2 Coming Soon to Hyperliquid
Circle announced in an official blog post that native USDC and CCTP V2 will soon be available on the Hyperliquid platform. Both native USDC and CCTP V2 will be deployed on HyperEVM, enabling USDC deposits in HyperCore and any HyperEVM application. With CCTP V2, developers will be able to: enable users to securely transfer native USDC between Hyperliquid and supported blockchain networks with 1:1 capital efficiency; and build applications that enable seamless cross-chain access, swaps, purchases, rebalancing, and other functions, providing a smooth user experience.
Whale Alert stated on the X platform that its research indicates that two 50 BTC transactions from dormant addresses earlier today were mined near the end of Satoshi Nakamoto's active period (approximately before block 54316). However, these blocks are highly unlikely to have been mined by Satoshi Nakamoto. A complete list of blocks likely mined by Satoshi Nakamoto will be released soon.
White House seeks 'swift confirmation' of Brian Quintenz as CFTC chairman
According to Bloomberg, the White House reiterated its support for Brian Quintenz, Trump's nominee for Chairman of the U.S. Commodity Futures Trading Commission (CFTC), after delays sparked speculation about his candidacy. The matter has garnered significant attention since the Senate Agriculture Committee abruptly canceled its vote on Quintenz's nomination on Monday. A majority of the committee members must approve his nomination before the full Senate can approve it. At the time, a committee spokesperson stated that the White House requested the delay. According to sources familiar with the matter, cryptocurrency billionaire Tyler Winklevoss had urged the White House to halt or delay the confirmation process before the vote was postponed. However, the White House reiterated on Wednesday that Quintenz remains the administration's top choice for the position. Spokesperson Liz Huston stated that Quintenz will help make the United States a cryptocurrency capital and expressed hope for his swift confirmation. Since serving as a CFTC commissioner from 2017 to 2021, he has served as a senior executive in the cryptocurrency division of venture capital fund a16z and on the board of directors of prediction market platform Kalshi. Quintenz has stated that he will resign from both companies if confirmed.
DWS, Flow Traders, and Galaxy-backed AllUnity launch Euro stablecoin EURAU
According to Bloomberg, AllUnity, backed by Deutsche Bank's DWS Group, Dutch market maker Flow Traders Ltd., and financial services provider Galaxy Digital Inc., announced Thursday the launch of its euro-denominated stablecoin, EURAU. The token, issued on the Ethereum blockchain and fully collateralized by the reserves of several European banks, complies with the EU's regulatory framework for crypto assets. The Bullish Exchange will be its first listing platform. AllUnity CEO Alexander Höptner stated that while AllUnity is initially promoting its adoption within the cryptocurrency market, the ultimate goal is to make it a widely used payment method for large enterprises. AllUnity is currently in discussions with 30 unnamed companies for adoption. The launch of EURAU follows AllUnity's receipt of an electronic money institution license from Germany's Federal Financial Supervisory Authority (BaFin) under the European MiCA earlier this month.
According to Lookonchain monitoring, the whale 0x720A withdrew from Hyperliquid with a profit of US$13.6 million. It then stopped perpetual contract trading and bought 3,322 ETH (worth US$12.84 million) in spot trading.
Pudgy Penguins CEO LucaNetz stated that the Pudgy Penguins team and Abstract have officially participated in US cryptocurrency legislation as government advisors and have made multiple trips to Washington, D.C. to submit relevant proposals. The team has now submitted an application for the PENGU ETF, which will cover PENGU tokens and NFTs.
CBOE proposes streamlining cryptocurrency ETF listing process
According to official news, the Chicago Board Options Exchange (CBOE) has submitted a new proposal, suggesting that cryptocurrency ETFs that meet standardized requirements could bypass the case-by-case approval process of the U.S. Securities and Exchange Commission (SEC) and achieve automatic listing. The proposal states that ETFs would qualify if the crypto assets have been traded in futures markets on regulated markets for at least six months. The proposal also requires collateralized ETFs to develop liquidity risk management plans when more than 15% of the ETF's assets are not immediately redeemable.
Data: The total value of ETH treasury reserves of 64 entities has exceeded $10 billion
According to The Block, the total value of Ethereum reserves has surpassed $10 billion, reflecting a growing trend of companies adding Ethereum to their balance sheets. SER data shows that as of Thursday, the total value of strategic Ethereum reserves reached $10.58 billion, encompassing 64 entities holding over 100 ETH. These reserves represent 2.26% of the total Ethereum supply. This $10 billion includes reserves held by publicly traded companies, crypto exchage, DeFi protocols, nonprofit organizations, and the federal government. The largest Ethereum holder is Bitmine Immersion Tech, which has shifted its focus from Bitcoin mining to accumulating Ethereum. It holds 625,000 ETH (worth $2.42 billion), and its chairman, Tom Lee, has previously stated his goal to acquire and stake 5% of the total Ethereum supply. Close behind is Joseph Lubin's SharpLink Gaming, which holds 438,200 ETH. The third-largest company, The Ether Machine, announced on Wednesday that it had purchased 15,000 ETH, bringing its reserves to 334,800. The Ethereum reserves held by these three companies now surpass those of the long-dominant Ethereum Foundation. The foundation currently holds 234,600 ETH.
According to Yonhap News Agency, South Korea's Financial Services Commission and Financial Supervisory Service, along with the Digital Asset Exchange Association (DAXA) and five crypto exchage, today established a task force (TF) and held its first meeting to develop "Guidelines for Virtual Asset Lending Services." The TF will integrate overseas and stock market regulations with the unique characteristics of the Korean market to develop a basic regulatory framework. The guidelines are expected to cover leverage, service recipients, the scope of loanable assets, user education and risk disclosure, and will also discuss exchanges' internal control standards. Financial regulators have also asked exchanges to review high-risk services. Authorities plan to release the guidelines next month and incorporate them into the second phase of virtual asset legislation.
