The Monetary Authority of Singapore has revoked Bsquared Technology's main payment institution license due to deficiencies in its risk management and conflict of interest policies, violations of outsourcing management regulations, and repeated provision of false or misleading information. Bsquared was required to submit a closure certificate 16 months after winning the license, confirming that the client's funds had been returned. MAS is reviewing the responsibilities of key management personnel in the company. Currently, Singapore has only approved 37 institutions to provide digital payment token services. （Bloomberg）

The European Commission has initiated a public and targeted consultation on the implementation of the Crypto Asset Market Regulation (MiCA) to evaluate the applicability of the current EU crypto asset regulatory framework. MiCA will standardize encrypted assets, asset reference tokens, electronic currency tokens, and related services from 2024 onwards. This consultation is open to individuals, cryptocurrency issuers, service providers, financial institutions, technology companies, academia, and regulatory agencies, with a focus on soliciting opinions on the main institutional modules of MiCA. The consultation deadline is August 31st, and the results will be used for the formulation of digital asset policies.

According to the announcement on Tether's official website, Tether International has announced the acquisition of all shares held by SoftBank in Twenty One Capital (XXI), becoming a larger controlling shareholder. After the completion of the transaction, the XXI board members appointed by SoftBank have withdrawn from the board in accordance with the shareholder agreement. Tether stated that SoftBank's early involvement provided important institutional background and governance experience for XXI, which will drive XXI into the next stage of development in the future.

According to Fortune, Catena Labs, founded by Circle co-founder Sean Neville, has raised $30 million in Series A funding from investors including a16z Crypto, Coinbase Ventures, and Breyer Capital. Catena Labs is committed to providing financial infrastructure for AI agents, supporting payments, fund management, and compliance operations, and plans to combine stablecoins with on chain identity systems to provide native banking services for the AI economy.

The minutes of the Federal Reserve meeting will be released, revealing the deep divergence among policymakers on interest rates and inflation. Some officials are wary of interest rate cuts, fearing that the Iran war may trigger inflation, and the number of people supporting interest rate cuts has decreased. Walsh has expressed support for internal debates and advocated for interest rate cuts. Deutsche Bank analysts said that although the minutes may appear outdated due to recent data, they still help evaluate changes in the neutral forward guidance camp. Three officials voted against the loose wording of the April meeting statement, with recent hawkish comments from the Federal Reserve.