Global crypto regulation continues to advance as multiple jurisdictions refine digital asset frameworks, while tokenized securities and Bitcoin-backed financial products gain momentum. Stablecoin payment infrastructure, AI-blockchain integration, and institutional adoption continue to accelerate, reinforcing the long-term expansion of compliant on-chain finance.Global crypto regulation continues to advance as multiple jurisdictions refine digital asset frameworks, while tokenized securities and Bitcoin-backed financial products gain momentum. Stablecoin payment infrastructure, AI-blockchain integration, and institutional adoption continue to accelerate, reinforcing the long-term expansion of compliant on-chain finance.
Learn/Featured Content/MEXC On-chain Daily Report:Russia’s State Duma will review a cryptocurrency regulation bill
MEXC On-chain Daily Report:Russia’s State Duma will review a cryptocurrency regulation bill
Key Takeaways
Global crypto regulation continues to advance as multiple jurisdictions refine digital asset frameworks, while tokenized securities and Bitcoin-backed financial products gain momentum. Stablecoin payment infrastructure, AI-blockchain integration, and institutional adoption continue to accelerate, reinforcing the long-term expansion of compliant on-chain finance.
Updated: July 21, 2026, 9:30 (UTC+8)｜Author: MEXC
Headlines
- Russia’s State Duma will review a cryptocurrency regulation bill.
- Superseed is abandoning its Layer2 and requiring users to migrate assets before the deadline.
- Tether Gold has received regulatory recognition from Abu Dhabi Global Market.
- Nigeria has established a Virtual Assets Committee to coordinate regulation.
- South Korean card companies will conclude their joint stablecoin trial by the end of July.
Industry Updates
Europe’s First BTC-Backed Preferred Share Launches as Bitcoin Treasury Capital Introduces BTC PREF
According to BitcoinTreasuries.NET, Swedish-listed company Bitcoin Treasury Capital has launched Europe’s first BTC-backed preferred share on Spotlight Stock Market under the ticker BTC PREF. The product offers a 10% annualized dividend paid monthly, allowing investors to gain exposure to returns associated with corporate Bitcoin reserves through traditional securities accounts. The launch shows that European capital markets are exploring structures that combine corporate Bitcoin holdings with fixed-income instruments, although returns will still depend on the issuer’s ability to meet its obligations and the underlying asset arrangements.
Removal of Section 604 From the CLARITY Act Could Subject Non-Custodial Developers to the Bank Secrecy Act
According to Odaily Planet Daily, one year after the U.S. House of Representatives passed the Digital Asset Market Clarity Act, the legislation remains stalled in the Senate amid opposition from the banking sector and partisan disagreements. Industry organizations view Section 604 as a critical safeguard for open-source developers, node operators, and validators. Removing the provision could cause non-custodial software development to be classified as a money transmission service, potentially subjecting developers to Bank Secrecy Act obligations and constitutional disputes. The bill also addresses crypto custody accounting rules and acknowledges that the U.S. Securities and Exchange Commission previously rescinded SAB 121.
AI Infrastructure Startup Infinity Raises $15 Million With Participation From Touring Capital and Others
According to TechCrunch, AI inference infrastructure startup Infinity has raised $15 million at a valuation of $100 million. Investors included Touring Capital, Principal VC, and researchers affiliated with organizations including OpenAI and Anthropic. Infinity is developing a universal inference library designed to enable different AI chips to automatically reproduce cutting-edge AI research while improving hardware performance through software optimization. The funding will support further technology development and product construction, reflecting continued investor interest in cross-chip compatibility, inference efficiency, and the software layer of AI infrastructure.
Ansem: This Crypto Cycle Could Attract the Largest Retail Participation in History as Infrastructure and Narratives Align
According to a post by Ansem on X, the cryptocurrency market remains in a period of substantial growth potential, and the current cycle could attract the largest level of retail participation in the industry’s history. The view is based on improvements in mobile trading experiences, lower barriers to wallet onboarding, stronger cross-chain capabilities, and institutional narratives involving token-plus-equity models, RWA, and regulatory frameworks. At the same time, Meme tokens and low-market-cap assets continue to provide high-risk opportunities for speculative capital, potentially allowing professional investment and retail trading demand to expand within the same market cycle.
Solana Q2 Token Holder Report: Tokenized Asset Trading Volume Rises to $5.8 Billion
According to Blockworks, tokenized asset trading volume on Solana reached $5.8 billion in the second quarter of 2026, representing a 114% increase from the previous quarter. Tokenized equity trading accounted for $4.8 billion, equivalent to 97% of all tokenized equity trading volume across the market, with institutional RWA demand serving as the primary growth driver. Meanwhile, declining Meme-token activity caused Solana’s real economic value to fall 43% quarter over quarter to $51 million, while DEX spot trading volume declined to $160.8 billion. SOL spot ETPs recorded net inflows of $120 million, and total staked SOL reached 427 million tokens.
Exodus Cuts 25% of Its Global Workforce and Shifts Toward Stablecoin Payments and Card Infrastructure
According to CoinDesk, Nasdaq-listed cryptocurrency wallet provider Exodus will cut 25% of its global workforce to reduce costs and redirect its business toward stablecoin payments and card infrastructure. The company said the restructuring forms part of its strategy to build a full-stack payments platform following its acquisitions of Monavate and Baanx. Exodus expects the changes to reduce annual cash operating expenses by $10 million to $13 million by 2027, while generating restructuring costs of $3.5 million. The adjustment reflects a broader shift among wallet providers from standalone asset-management tools toward payment and card-issuing infrastructure.
AMD Launches Helios AI Rack System as Microsoft, Meta, and Other Technology Giants Join Deployment
According to CNBC, AMD has officially launched Helios, its first rack-scale system designed for artificial intelligence, with Microsoft, Meta, OpenAI, and Oracle among the companies adopting the platform. Microsoft plans to deploy Helios in Azure data centers to support frontier AI model inference, Azure AI services, and enterprise applications, with deliveries expected to begin later this year. Market data indicates that Nvidia currently holds more than 95% of the data-center GPU market, while AMD accounts for approximately 4.5%. The successful deployment of Helios could therefore influence AMD’s ability to gain a larger share of the AI computing infrastructure market.
Vietnam Introduces Penalties for Cryptocurrency Violations, With Unlicensed Trading Fines of Up to $1,900
According to Cointelegraph, Vietnam issued Decree 284/2026/NĐ-CP on July 16, establishing administrative penalties for cryptocurrency-related violations. The regulations will take effect on September 1. Individuals trading cryptocurrency through unauthorized platforms may be fined up to 50 million Vietnamese dong, equivalent to approximately $1,900. Unauthorized issuance of crypto assets or serious violations of anti-money-laundering rules may result in fines of up to 200 million Vietnamese dong, or approximately $7,700. Regulators may also suspend noncompliant operations, revoke business licenses, and confiscate related assets, providing an enforcement framework for Vietnam’s licensed cryptocurrency market.
AI Security Startup Neo Raises $100 Million Led by a16z and Bessemer Venture Partners
According to Globewire, AI security startup Neo has raised $100 million in a round led by Andreessen Horowitz and Bessemer Venture Partners, with participation from Craft Ventures and Merlin Ventures. Neo describes itself as an “Agentic Software Control” company and plans to build a real-time enterprise control layer that helps security operations teams manage AI agents, AI applications, browsers, identity systems, and intelligent capabilities embedded in traditional software. The new capital will be used to expand the company’s engineering and marketing teams and accelerate enterprise customer acquisition as the rapid adoption of AI agents creates additional permission-management and cybersecurity requirements.
MEXC Market Heatmap
Data note: Based on real-time MEXC market data captured before 09:30 (UTC+8); figures may subsequently update with market fluctuations.
Top 24H Gainers
Top 24H Trading Volume
Trending Meme Tokens
- FEBU/USDT，WENLAMBO/USDT，RTM/USDT
New Listing Announcement
- AET/USDT, listing time: 2026-07-21 16:00:00（UTC+8）
On-Chain Calendar
High-Risk Token Unlocks
- TON/USDT [07-23 21:00] unlocks 59.27M USDT, representing 1.35% of circulating supply, with relatively high short-term selling pressure
- Limitless/USDT [07-23 06:30] unlocks 810,578 USDT, representing 9.55% of circulating supply, with relatively high short-term selling pressure
- Humanity/USDT [07-25 00:30] unlocks 16.93m USDT, representing 14.66% of circulating supply, with relatively high short-term selling pressure
- Plasma/USDT [07-26 16:30] unlocks 7.14m USDT, representing 3.42% of circulating supply, with short-term selling pressure warranting attention
- AltLayer/USDT [07-27 10:30] unlocks 1.52m USDT, representing 3.64% of circulating supply, with short-term selling pressure warranting attention
- B2 Buzz/USDT [07-29 21:30] unlocks 1.69m USDT, representing 7.66% of circulating supply, with relatively high short-term selling pressure
- Falcon Finance/USDT [07-30 12:30] unlocks 4.54m USDT, representing 2.53% of circulating supply, with short-term selling pressure warranting attention
- Layer3/USDT [07-30 19:30] unlocks 228,895 USDT, representing 2.65% of circulating supply, with short-term selling pressure warranting attention
- ZORA Protocol/USDT [07-31 03:30] unlocks 1.05m USDT, representing 3.71% of circulating supply, with short-term selling pressure warranting attention
Key Macro Events
- Jul 21, 14:00 — United Kingdom | UK Labor Market | Average earnings, employment change, and unemployment rate [Employment and wage data shape inflation expectations and the UK interest-rate outlook.]
- Jul 21, 16:00 — European Union | European Central Bank | Bank Lending Survey [Credit conditions influence euro-area liquidity, financing availability, and broader risk appetite.]
- Jul 21, 20:15 — United States | ADP | Weekly Employment Change [Employment changes influence rate expectations, the dollar, and cross-border risk-asset flows.]
Security Alert
Recently, users should remain alert to physical-letter phishing campaigns impersonating hardware wallet manufacturers. Scammers may send forged notices claiming that a “security upgrade,” “account verification,” or “device deactivation” is required, directing recipients to scan a QR code, visit a counterfeit website, and enter their 24-word recovery phrase. Once the recovery phrase is exposed, attackers can gain complete control of the wallet and transfer its assets. Ledger has clearly stated that it will never request a recovery phrase through SMS, WhatsApp, Telegram, telephone calls, or physical letters, and will never ask users to enter it on a computer or website. Anyone receiving such a notice should avoid scanning the QR code, verify information only by manually entering the official website address, reject transactions they did not initiate, and ensure that a recovery phrase is entered only on the hardware wallet itself during the recovery process.
MEXC Chain Observation Daily, updated daily, strives to provide professional, timely, and in-depth market analysis for cryptocurrency practitioners. Welcome to share and subscribe.
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