1. US Initial Jobless Claims for the Week Ending July 26 at 218,000, Expected 224,000
US initial jobless claims for the week ending July 26 were 218,000, with expectations of 224,000, compared to the previous value of 217,000. The US June core PCE price index year-on-year was 2.8%, expected at 2.70%, with the previous value revised from 2.70% to 2.8%.
2. Trump Working Group Releases Crypto Regulation Recommendations, White House Plans to Disclose Bitcoin Reserve Details
The "Digital Asset Market Working Group" established by US President Trump released a policy recommendation report on July 30, calling on federal regulatory agencies to utilize existing powers to clarify rules for digital asset trading, custody, and registration, and accelerate the implementation of new financial products. The report suggests passing the "Digital Asset Market Clarity Act" to grant CFTC regulatory authority over non-security digital asset spot markets. Additionally, an unnamed government official revealed that the White House plans to soon publish more details about strategic Bitcoin reserves.
3. Every Economic News: Hong Kong Stablecoin Regulation to Take Effect Soon, "Exchange Shops" Temporarily Unaffected
Hong Kong's Stablecoin Regulation will officially take effect on August 1, prohibiting unlicensed operators from conducting stablecoin business in the city. Every Economic News found that many street-level crypto exchange shops (OTC) are still operating normally, with some staff stating they have not received any business change notifications. Currently, exchanging USDT, USDC, and other stablecoins at these shops remains in a regulatory gray area and may require a special license in the future. Legislator Qiu Dagen stated that after the regulation takes effect, selling USDT, USDC to retail investors without a license will be illegal, and existing stablecoins can be traded on licensed platforms. The Hong Kong SAR government is conducting a public consultation on the licensing system for over-the-counter trading services, which will end on August 29.
4. US Country Music Star George Jones' Widow Scammed of 17 Million USD in XRP
Nancy Jones, the widow of US country music star George Jones, was victim to a crypto scam orchestrated by her ex-boyfriend Kirk West, losing approximately 17 million USD in XRP. Court documents show that West stole over 400,000 USD in cash and a hardware wallet containing 5.5 million XRP from Jones' residence in Franklin, Tennessee. Around 5.05 million XRP have been recovered, with tokens worth nearly 1.5 million USD still missing.
5. CoinDCX Attack Originated from Malware Installed on Employee's Computer
Indian police disclosed that hackers lured a CoinDCX employee, Rahul Agarwal, with a part-time job offer, tricking him into installing malware on his company computer. This allowed them to illegally access CoinDCX wallets and steal crypto assets worth approximately 44 million USD (about 384 million rupees). The incident was reported by CoinDCX's parent company Neblio Technologies on July 22, with hackers transferring funds to 6 wallet addresses in the early morning of July 19. Police have arrested Agarwal and are conducting an in-depth investigation.
