Geopolitics

According to Bloomberg, Senate members across both parties have proposed a potential clause in an ethics proposal presented to Trump that would allow the president to defer capital gains taxes on his crypto assets, as part of ongoing negotiations for the landmark Clarity Act. The proposal requires t

Security researcher Vangelis Stykas disclosed at the Black Hat conference in Las Vegas that North Korean state-backed hackers had successfully infiltrated 1,640 companies in 57 countries. Hundreds suffered severe breaches, including root access to cloud servers and AWS accounts, as well as master cryptographic keys belonging to blockchain companies. Stykas uncovered the details of the attack after North Korean hackers accidentally infected their own systems with malware. Stykas’s Investigation:

On August 7, 2026, Beijing time, financial markets are simultaneously at the intersection of two major variables. The first variable comes from the U.S. labor market. The July NFP employment data due to be released tonight, Beijing time, is widely regarded by the market as a key basis for assessing the Federal Reserve’s next policy path—whether the U.S. economy is continuing to cool, whether the Fed has room to cut rates, and whether dollar liquidity will improve will all be reflected in the dat

Bitcoin (BTC) gave back its midweek gains, trading at around $64,370 as of August 7. Bloomberg, citing people familiar with the matter, reported that Trump could receive substantial tax benefits from the asset-divestment plan under the CLARITY Act. Thailand confirmed that cryptocurrency trades will be exempt from capital gains tax, with the exemption valid through the end of 2029. Macro Events & Crypto Highlights Bloomberg, citing people familiar with the matter, reported that Senators Thom Till

According to Bloomberg, Clarity Act's proposed ethics amendment would allow Trump to defer capital gains taxes on $1.4 billion in cryptocurrency and meme coin holdings reported in 2025. The forced divestiture clause could defer—or potentially eliminate—Trump's capital gains tax payments for years, p

According to Thailand's Finance Ministry, the country confirmed a capital gains tax exemption on cryptocurrency transactions conducted through SEC-licensed exchanges, brokers, or dealers. The exemption period runs from January 1, 2025 to December 31, 2029. The ministry expects the policy to

Two political action committees affiliated with crypto industry-backed Fairshake disclosed spending more than $1.5 million on media supporting House and Senate candidates in Florida, Alaska, and Wyoming, according to Federal Election Commission filings as of Thursday. The expenditures followed a

According to Federal Election Commission filings as of Thursday, Fairshake PAC-affiliated groups Defend American Jobs and Protect Progress disclosed spending a combined $1.5 million on media supporting House and Senate candidates in Florida, Alaska, and Wyoming following a primary loss for a

According to Circle's EU Strategy and Policy Director Patrick Hansen, after the full implementation of MiCA (EU Crypto-Assets Regulation), the framework has approved 35 electronic money tokens from 21 issuers. However, most major stablecoin issuers, including Tether, cannot meet MiCA's strict

According to Tass, President Putin signed Russia's first comprehensive law on digital currencies on Tuesday, setting rules for crypto exchanges, custodians, brokers, and mining. The legislation maintains a ban on using cryptocurrency as payment for goods and services but allows regulated trading

According to TASS, President Vladimir Putin signed a comprehensive crypto regulation law, establishing a licensed trading framework for digital assets starting September 1, 2026. Crypto exchanges, brokers, and custodians must register with the Bank of Russia and maintain a minimum capital of 15

According to Reuters, Nigeria's tax authority introduced new regulations on cryptocurrencies, stablecoins, NFTs, and other virtual assets, imposing stamp duty and withholding taxes on certain transactions. The regulations allow crypto companies to pay taxes in digital assets instead of the local cur

According to RBC, Moscow Exchange (MOEX) is preparing to launch a digital custody platform for cryptocurrency trading, with expected launch by late 2026 or early 2027. The platform will operate as an independent structure, separate from MOEX itself and its National Settlement Depository (NSD). The d

According to official State Duma records, Russian President Vladimir Putin signed bill No. 1194918-8, "On Digital Currencies and Digital Rights," into law on Tuesday. The law establishes a regulated framework for cryptocurrency market participants, including exchanges, brokers, and

According to Cryptopolitan, the U.S. Senate will enter recess on August 7, leaving a highly limited window for the CLARITY bill to pass before the break. If voted on fails this week, the next viable timeframe shifts to September, or potentially delays until 2027 after the midterm elections.

According to Caixin, the OECD's updated Common Reporting Standard (CRS 2.0) will expand financial asset definitions to include cryptocurrencies, central bank digital currencies (CBDC), and certain electronic money products. Hong Kong plans to implement CRS 2.0 alongside its Crypto Asset Reporting

According to Odaily, CRS 2.0 is set to upgrade on schedule, with key changes including crypto assets, central bank digital currencies (CBDCs), and specific electronic money products being added to the financial asset definition. The upgrade aligns with increased cross-border tax enforcement as tax a

CNBC reported on August 5 that Democratic Senator Elizabeth Warren had sent a letter to the Commerce Department demanding an explanation for why the department eased AI chip export controls on the UAE, arguing that the timing was “too coincidental” given the UAE’s two major investments in the Trump family-linked crypto project World Liberty Financial (WLFI). The UAE’s Two Investments and Their Links to the Trump Family’s Crypto Business The two transactions Warren identified in her letter direct