Tether and other foreign stablecoin issuers may have until July 2028 to meet GENIUS Act requirements for U.S. centralized exchange listings. Compliance could require OCC registration and adherence to U.S. freeze and seizure orders. Federal regulators have not finalized the implementing rules.
A look at why Apple’s massive lawsuit against OpenAI leaves out a central figure: legendary designer Jony Ive https://www.bloomberg.com/news/newsletters/2026-07-19/why-apple-s-openai-lawsuit-doesn-t-mention-jony-ive-ai-recording-at-genius-bar-mrrv4mix?taid=6a5cd996acbde0000157593a&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter
Asia Digest Covers Japan Crypto Status and Russia USDT, USDC Trading
A weekly Asia crypto roundup covered Japan recognizing crypto as financial products and South Korea planning tokenized treasury pilots. It also covered Russia opening USDT and USDC trading to qualified investors, Coinbase opening registration for Chinese users, and Bybit launching in Indonesia.
Brian Trunzo argues that AI-generated media has created a crisis of internet trust. He says leading image detectors can fail after simple blur and distortion, with accuracy falling as low as 4%.
Nansen CEO Alex Svanevik said he is turning bullish on Apple again, citing five supports for the view. Svanevik pointed to Siri gains, on-device AI inference, John Ternus as a new CEO candidate, free cash flow, and brand value.
FBI Seeks Victims After Steam Malware Games Allegedly Steal $220K in Crypto
The FBI is seeking potential victims after eight games in a Steam malware investigation allegedly infected about 8,000 devices and stole at least $220,000. A federal complaint reported by Local 10 alleges the campaign gained unauthorized access to roughly 80 crypto wallets. Local 10 reported that agents arrested 21-year-old Zyaire Dontaevious Zamarion Wilkins on July 14, and Wilkins is presumed innocent unless convicted.
Cardano Activates Van Rossem Hard Fork Through Onchain Governance
Cardano’s Van Rossem hard fork activated Protocol Version 11 as its first upgrade approved entirely through onchain governance. The upgrade introduces new Plutus capabilities and cost-model improvements. The changes are intended to lower smart-contract execution costs and lay technical groundwork for the Dijkstra era.
David Sacks said using regulatory uncertainty as a competitive tool is unacceptable. Sacks said regulatory decisions should rely on facts, logic, and evidence rather than manufactured fear and uncertainty.
PPP Prediction Market Tool monitoring shows DK's win probability against KC at 68% on predict.fun. The EWC League of Legends final uses a BO5 format in Riyadh, Saudi Arabia.
CoinMarketMan Hypertracker displayed a perpetual contract page for ChangXin Memory Technologies, or CXMT. HyperliquidNews monitoring also showed the address 0x9a80...3CF2.
A new wallet deposited $30 million into HyperCore after reducing most of a $3.8 million short position. HyperliquidNews monitoring said the wallet realized $197,800 in profit from the closed portion.
Kraken launched USD-settled BTC and ETH options on Kraken Pro. The product is initially available through Request for Quote, with the European market to follow soon. Kraken plans to add an order book, wider regional coverage, and more assets.
Non-US stablecoin issuers such as Tether have two years remaining to set compliance strategies for US stablecoin issuance rules. Federal financial regulators have not issued the required stablecoin rules, leaving the compliance pathway uncertain.
US regulatory agencies missed the GENIUS Act deadline for final stablecoin rules after issuing 10 proposed rules during the past year. No final regulations were issued before the deadline, which may leave stablecoin issuers facing regulatory uncertainty.
Tether’s USDT Faces Two-Year U.S. Compliance Countdown
Tether’s USDT has two years left to address U.S. compliance strategy under the GENIUS Act. Federal financial regulators were expected to finish stablecoin rules by the one-year mark, but no regulator has done so yet. Tether has not yet revealed a sharp shift toward the law’s demands.
Kraken Launches USD-Settled BTC and ETH Options on Kraken Pro
Kraken launched USD-settled BTC and ETH options on Kraken Pro through request-for-quote. The contracts are available to eligible international clients outside Europe, North America, and Australia. Kraken plans to add an order book, broader geographic access, and additional assets.
PPP Prediction Market Tool data shows Spain's win probability at 42% in predict.fun's World Cup Final market. The market covers only the first 90 minutes of regular time, including stoppage time.
Michael Saylor released another Bitcoin Tracker update, and Strategy may disclose Bitcoin holdings changes next week. Strategy typically discloses changes in its Bitcoin holdings the day after such announcements.