Nvidia has halved its approved distributors across Asia and implemented strict audits to crack down on illegal chip smuggling to China. The US Department of Commerce is overseeing the crackdown after a $2.5 billion scheme was exposed, revealing how legitimate supply chains were exploited to circumvent export controls.
Trump backs the CLARITY Act to streamline crypto regulation as federal agencies quietly move $288 million in seized crypto to Coinbase Prime—both happening the same day. The timing raises questions about government intentions, though officials say the transfer is routine asset management rather than a prelude to liquidation.
Sablier Labs, creator of Ethereum’s pioneering token-streaming protocol, is shutting down active development after Q1 revenue collapsed despite shipping more features than ever. CEO Paul Razvan Berg cited delayed token launches and AI tools that eroded the company’s competitive advantage, though the protocol will remain operational until June 2028.
Telegram’s t.me domain was placed on serverHold by the .me registry on July 13, severing access to its wallet, Mini Apps, NFT gifts, and blockchain services. The registry-level suspension reveals a critical architectural flaw: Telegram built its entire blockchain ecosystem on a single domain it doesn’t control.
New Hampshire Governor Kelly Ayotte signed HB 639, the Blockchain Basic Laws, into law, giving crypto miners, validators, developers, and self-custody holders explicit legal protections. The law also creates a dedicated Superior Court docket for blockchain disputes—the most structurally complete state-level crypto framework in the country.
Thailand’s central bank and SEC are jointly auditing large USDT transfers to combat money laundering, targeting structured transactions that obscure origins. The crackdown follows a major romance-scam bust that routed $122.5M through crypto, exposing how stablecoins enable financial crime.
A Robinhood co-founder’s wallet was compromised during a live broadcast, and an attacker exploited it to pump a memecoin from $500K to $14M in two hours. Thousands of traders blindly followed the recognizable wallet’s trades, turning a simple exploit into a $20M+ scheme that hurt everyone except the original owner.
SBI Holdings and the Solana Foundation launched a strategic alliance to build Japan-originated on-chain financial infrastructure, backed by major institutions including Sumitomo Mitsui Financial Group. The venture will focus on JPY stablecoin issuance, tokenized real-world assets, cross-border payments, and institutional blockchain services.
Federal prosecutors secured a guilty plea from Karen Serobovich Vardanyan, a 34-year-old Armenian national, on charges tied to a Ryuk ransomware campaign that extracted roughly 1,610 bitcoin from US businesses. The attacks, which occurred between November 2019 and April 2020, were worth more than $15 million at the time.
Pakistan’s crypto regulator clashes with influential Islamic scholar over whether 30-40 million crypto owners can operate legally. A fatwa banning cryptocurrency under Islamic law threatens the regulator’s framework requiring Sharia approval for digital asset services.