The U.S. Senate has unanimously passed a nonbinding resolution stating that former FTX CEO Sam Bankman-Fried should not receive executive clemency. The measure reaffirms the Senate’s commitment to the rule of law and the integrity of the U.S. financial system, while opposing any form of federal relief for Bankman-Fried, including a presidential pardon or commutation. The resolution was introduced on June 17 by Senator Ruben Gallego, with Senator Cynthia Lummis listed as a co-sponsor. As a simple Senate resolution, it does not require approval from the House or the president and carries no legal force. Bankman-Fried was sentenced in March 2024 to 25 years in federal prison on fraud and conspiracy charges tied to the 2022 collapse of FTX. Speculation around possible clemency increased after he submitted a pardon request to Donald Trump in June 2026. Department of Justice records show that request remains pending. On Polymarket, traders currently assign less than a 1% chance that Trump will pardon Bankman-Fried before July 31, with trading volume in that market exceeding $734,000.

ANSEM fell sharply in a short move, with GMGN data showing an 18% drop and its market capitalization at $160 million. The token's intraday decline exceeded 25%, pointing to heavy volatility over the course of the session. Odaily said meme coins often see large price swings driven by market sentiment and trending events rather than fundamental value support. It warned that this segment can move quickly and carry elevated risk for traders and investors. The update was published as a market analysis newsflash, with no additional details provided beyond the price move, market cap reading, and the risk reminder tied to meme coin trading.

Baidu has started the process to become dual primary listed in Hong Kong and on Nasdaq, according to a company announcement cited by Securities Times. The company said its board has authorized management to move ahead with a voluntary conversion to a primary listing on the main board of the Hong Kong Stock Exchange, with the change expected to take effect within this year. Once the relevant procedures are completed, Baidu will hold dual primary listings in Hong Kong and the United States. The company said the dual primary listing structure is expected to improve the liquidity of its securities, broaden its investor base, and give it greater flexibility to access the two capital markets. The update was reported by PANews on July 16. No further timetable beyond the expected completion within the year was disclosed in the report.

DeFi protocol DeltaDeFi said it has suspended all operations effective immediately because it lacks operating funds, according to an official announcement cited by ChainCatcher. The protocol also stopped development and maintenance work at the same time. DeltaDeFi said its team is reviewing possible next steps. It also stated that user funds will be returned, subject to meeting the minimum UTXO requirement. The announcement did not provide additional details on the timetable or the specific follow-up plan.

PPP, a prediction-market tracking tool, shows that predict.fun is currently pricing BLG with a 51% chance of beating T1 in the "League of Legends EWC group stage BLG vs. T1" market. The match is set to begin soon and will be played in a best-of-one format. In the opening round of the group stage on the previous day, T1 defeated GAM, while BLG beat Movistar KOI. That leaves both teams entering this head-to-head matchup with one win already on the board. The reading reflects the latest probability shown in the market at the time of monitoring.

DeltaDeFi, a derivatives trading protocol built on Cardano, said it is suspending operations effective immediately because it does not have enough operating funds. During the shutdown, both development work and day-to-day maintenance will stop. The team also said it plans to return funds to all users. The announcement was made in a post linked by Foresight. No additional details were provided in the source text about the size of the funding gap, the timeline for refunds, or whether the protocol may resume service later. The statement focused on the immediate halt in operations, the pause in ongoing project work, and the commitment to return user funds.

Taiwan Semiconductor Manufacturing Co. reported quarterly results that beat market expectations and raised its full-year revenue and capital spending outlook, according to BlockBeats. The company said second-quarter net profit reached NT$706.6 billion, above the market estimate of NT$623.73 billion, while gross margin came in at 67.7%, also ahead of expectations. Chairman and CEO C.C. Wei said during the meeting that AI represents a new industry and that strong demand should continue through 2030. He also made pointed remarks about the profitability seen elsewhere in the semiconductor supply chain, saying he was “really jealous” after seeing memory companies post gross margins as high as 86%. At the same time, Wei said TSMC would not sharply raise prices in a way that pushes customers out of the market, stressing that the company must remain a partner to its memory customers. He added that “our customers must succeed,” while acknowledging that one of his Korean competitors had indeed made substantial profits.

On-chain data shows that a long-dormant Bitcoin whale wallet moved 5,908 BTC on July 16 in a transfer valued at about $382.7 million, drawing attention across the market. Lookonchain, citing Arkham data, said the legacy wallet beginning with “138EM…ReyiT” transferred the full balance to a newly created address at around 8:15 a.m. The funds have not moved again so far. Data indicates the address originally received the 5,908 BTC in December 2017, when Bitcoin traded at roughly $16,800, putting the holding’s value at about $99.6 million at the time. Based on the latest valuation cited in the report, the stash has grown to around $383 million, close to four times its earlier value. The move follows another whale reactivation earlier this week involving a wallet dormant for more than seven years that transferred Bitcoin worth about $188 million. At the time of writing, Bitcoin was trading near $64,000, down 0.5% over the past 24 hours.