JH Kim

According to cryptocurrency-focused media outlet Cointelegraph on the 11th (local time), Elizabeth Warren, a United States Senator from Massachusetts known for her critical stance on digital assets, once again stated her opposition to the digital asset market structure bill 'CLARITY Act'—which recently passed the House—during an interview with MSNBC, arguing that it "could encourage corruption among elected officials." The CLARITY Act is slated for Senate review beginning this September. In June, Republican leadership on the Senate Banking Committee announced their plan to address the bill by September 30. This legislation aims to establish a regulatory framework for the digital asset industry and to delineate the supervisory authority of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It also exempts certain digital assets that meet specific requirements from the registration obligations stipulated in the Securities Act of 1933.

According to Solid Intel on the 11th (local time), U.S. President Donald Trump has extended the deadline for the imposition of tariffs on China by 90 days.

U.S. President Donald Trump announced that during the upcoming summit with Russian President Vladimir Putin to be held in Alaska on the 15th (local time), he will have a "constructive conversation." According to The Washington Post on the 11th (local time), President Trump told reporters after a crime prevention press conference held at the White House in Washington, D.C., that he would tell Putin, "You need to end this war." He continued, stating, "After the meeting with President Putin, the next step will be a meeting between President Zelensky of Ukraine and Putin, and if necessary, I will also attend," emphasizing, "I want to arrange talks between the two leaders." He also mentioned the possibility of discussions regarding territorial swaps or border changes between Russia and Ukraine, adding, "After confirming Putin's thoughts, if I determine it's a fair deal, I will share it with the EU and NATO leaders as well as President Zelensky." However, he said, "It is not my role to finalize an agreement," adding, "I want a ceasefire, and I hope for the best agreement possible for both sides."

The three major U.S. stock indexes are showing mixed movements. The Nasdaq Composite Index is trading at 21,489.22 points, up 0.18% from the previous session as of 12:35 a.m. on the 12th. The Dow Jones Index is down 0.31% at 44,037.88 points, while the S&P 500 Index is down 0.01% at 6,388.91 points.

According to CNN on the 8th (local time), President Donald Trump of the United States dismissed IRS Commissioner Billy Long just two months after his appointment. A White House official confirmed Long's dismissal but did not specify the reason. Long was nominated as IRS Commissioner in December of last year when Trump was President-elect, and he took office in June after Senate confirmation. A former U.S. Representative (Republican Party·Missouri) and strong supporter of President Trump, Long is said to be moving on to serve as an ambassador abroad. The next IRS Commissioner has not yet been decided, and for the time being, Treasury Secretary Scott Besant will concurrently serve as Acting IRS Commissioner, according to U.S. media reports. Prior to entering politics, Long was an auctioneer with no experience in tax matters, and his unusual appointment was noted because, as a Representative, he supported legislation calling for the abolition of the IRS.

All three major U.S. stock indices ended higher. On the 9th, the Nasdaq Composite Index rose 0.98% from the previous day to close at 21,450.02 points. The Dow Jones Index gained 0.47% to end at 44,176.10 points, and the S&P 500 Index increased by 0.79% to close at 6,390.40 points.

According to Cointelegraph, a media outlet specializing in virtual assets (cryptocurrencies), on the 8th (local time), Ukraine plans to conduct the first review of a bill related to virtual asset taxation by the end of August. If the bill is passed, existing virtual asset holders will be required to pay 5% personal income tax and 5% defense tax.

J.D. Vance, Vice President of the United States, stated that the U.S. has no plans to recognize Palestine as a state. According to Reuters on the 8th (local time), Vice President Vance, who is visiting the United Kingdom for vacation, made these remarks to reporters at Chevening House, the country residence of the UK Foreign Secretary located in Kent. He said, "I don't really understand what it means to recognize a state when there is no functioning government in Palestine" and added that he plans to discuss this issue with Foreign Secretary David Lammy. He also referred to U.S. President Donald Trump, emphasizing, "The President has made his goals very clear regarding what he wants to achieve in the Middle East, and he will continue to do so."

The global cryptocurrency exchange Coinbase announced on the 8th (local time) via its official X (formerly Twitter) account that it has launched a decentralized exchange (DEX) service for some users in the United States. With this service, you can trade assets based on the Base Chain.

On the 8th (local time), according to crypto-focused media The Block, the largest active shareholder of Core Scientific, Two Seas Capital, expressed opposition to the $9 billion acquisition offer from AI infrastructure company CoreWeave. Two Seas Capital stated in an open letter on the same day, "This acquisition significantly undervalues Core Scientific and exposes shareholders to unnecessary financial risk." They further said, "Under the current terms, we will vote against this sale and hope other shareholders take the same stance." Previously, on July 7 (local time), CoreWeave signed an acquisition agreement to acquire all of Core Scientific via an all-stock transaction, with the deal valued at $9 billion. This price reflects a 66% premium compared to Core Scientific's share price as of June 25. According to the contract terms, Core Scientific shareholders will receive 0.1235 shares of CoreWeave Class A stock for each share they own. This acquisition aims to integrate Core Scientific’s 1.2GW-scale data center network into CoreWeave’s AI computing business, strengthening service capabilities for clients such as OpenAI and Microsoft. If the deal is completed, the existing $10 billion hosting contract will be terminated, and Core Scientific shareholders will end up owning less than 10% of the merged entity. Two Seas Capital criticized, stating, "We are disappointed in the board’s decision to hand over the company through an entirely stock-based, unprotected structure without any safeguards against the high volatility of CoreWeave’s share price." This transaction is expected to be finalized following shareholder approval and regulatory review in the fourth quarter of this year.

The three major stock indexes in the United States are on the rise. As of 12:02 AM on the 9th, the Nasdaq Composite Index is trading at 21,382.48 points, up 0.66% from the previous day. The Dow Jones Industrial Average is up 0.35% at 44,120.90 points, and the S&P 500 Index is recording a 0.59% increase at 6,377.21 points.

On the 7th (local time), the White House announced that President Donald Trump of the United States had signed an executive order allowing fines to be imposed on financial institutions involved in debanking (restriction of access to banking services). The White House explained, "If a financial institution carries out debanking by closing accounts for political or illegal reasons, federal regulatory agencies will be able to require corrective actions such as fines for those institutions." In the past, cases of debanking were frequently reported among virtual asset (cryptocurrency) companies. During the Biden administration, there were also allegations that 'Operation Choke Point 2.0' (a measure to pressure the virtual asset industry by blocking banking access) had been implemented.

The three major U.S. stock indices ended with mixed results. On the 8th, the Nasdaq Composite Index rose 0.35% from the previous day to close at 21,242.70 points. The Dow Jones index fell 0.51% to 43,968.70 points, while the S&P 500 index dropped 0.03% to finish at 6,342.91 points.

According to economic news account Walter Bloomberg on the 7th (local time), U.S. President Trump has nominated Stephen Miran, Chairman of the White House Council of Economic Advisers (CEA), as a Fed governor to fill the recent vacancy. Miran's term will last until January 31, 2026. Previously, Fed Governor Adriana Kugler had announced her resignation last week.

Howard Lutnick, U.S. Secretary of Commerce, appeared on Fox Business on the 7th (local time) and stated that President Donald Trump is highly likely to extend the deadline for trade negotiations with China by an additional 90 days. This comment came as the 'tariff truce' between the two countries is set to expire on the 11th. When asked about the possibility of extending the suspension period for tariffs imposed on China, Secretary Lutnick said, "I believe so," and added, "There is a strong possibility that both sides will reach an agreement and move toward an additional 90-day extension." Regarding the possibility of additional retaliatory tariffs by the U.S. in response to China's imports of Russian crude oil, Lutnick stated, "All options are on the table." He further emphasized, "President Trump, as a mediator leading world peace and a creator of opportunities for America, will use all the tools at his disposal," and stressed, "No possibility has been excluded."

On the 7th (local time), crypto-specialized media outlet Cointelegraph reported that Animoca Brands, a developer of non-fungible tokens (NFTs) and blockchain games, has launched a new marketplace called 'Nüva (NUVA)' that enables investment in tokenized real-world assets. Nüva is built on Provenance Blockchain's existing RWA (real-world asset tokenization) ecosystem.