Pakistan’s Federal Investigation Agency has created a virtual currency investigation unit within the newly launched National Cyber Crime and Control Center (NC3), according to Dawn. The unit will focus on cases involving money laundering and terror financing through virtual assets. An official from the counterterrorism wing said it will work with the newly formed Pakistan Virtual Assets Regulatory Authority, or PVARA, to investigate crimes tied to crypto assets. The official also urged the National Cyber Crime Investigation Agency and the Anti-Narcotics Force to establish similar units to address the use of crypto assets in cybercrime and drug trafficking. At the same time, the FIA has integrated anti-money laundering operations, border entry and exit monitoring, and investigations into human trafficking and migrant smuggling within NC3, while pushing new rules and staff expansion to speed up case handling and improve coordination across enforcement functions.

BlackRock’s iShares MSCI South Korea ETF (EWY) recorded more than $2.8 billion in net inflows last week, setting a new weekly record and easily topping the fund’s previous high of $1.2 billion reached in February this year. Bloomberg data cited in the report also showed that about 25% of the ETF’s portfolio is allocated to SK Hynix, making the chipmaker a major holding in the vehicle. The broader flow picture was also strong for Korea-linked products. Investment products focused on South Korea pulled in $3.03 billion in net inflows last week, the highest total among all countries tracked in the data. Over the same period, U.S.-listed emerging-market ETFs posted $4.39 billion in net inflows, the strongest level since Feb. 27. Within that total, equity ETFs attracted $4.22 billion, while bond funds brought in $164 million.

Ethereum’s scaling debate is moving past the old split between a secure-but-expensive Layer 1 and cheap execution on Layer 2. In an analysis published by imToken and carried by Foresight, the argument is that Ethereum is not abandoning L2s, but redefining what they are for as the main chain expands its own capacity through higher gas limits, statelessness work, wider data availability and zkEVM-related verification. In that setting, lower fees alone may no longer be enough to justify an L2 over the long run. The piece says value creation on L2 is likely to shift toward differentiated execution environments, including application-specific optimization, privacy features, and more flexible governance or economic designs. It also puts interoperability, native account abstraction and shorter finality at the center of Ethereum’s next phase, framing the goal as making the network “feel like one chain” again even as activity remains spread across many execution domains. It also highlights Ethereum researcher Barnabé Monnot’s view that, once proof systems become part of mainnet verification, Ethereum L1 could in some sense resemble its own rollup. The point is not that mainnet becomes an L2, but that execution and verification may separate in a way that blurs the old line between base layer and rollup.

Bitdeer, the Nasdaq-listed Bitcoin mining company, has released its unaudited production and operations update for June 2026, according to GlobeNewswire. The company said it mined 990 BTC during the month, up 388% from a year earlier. Its self-mining hashrate stood at 73 EH/s, while total managed hashrate reached 86.1 EH/s. Bitdeer also reported ownership of 243,000 mining machines. On the manufacturing side, the company said construction has started on its Sealminer manufacturing facility in Nevada, with completion expected by the end of 2026. In AI cloud operations, monthly annual recurring revenue, or ARR, rose to $76 million, GPU utilization reached 95%, and delivery of the NVIDIA GB300 NVL72 cluster has been completed. Bitdeer added that its total global controllable power capacity has reached 3.02 gigawatts and that plans are moving ahead in multiple locations to convert crypto data centers into AI computing facilities.

Moonshot has introduced its Kimi K3 model, a mixture-of-experts system with 2.8 trillion parameters and a 1 million-token context window. The company said the model outperformed some mainstream U.S. models in coding and other benchmark tests. Input pricing is listed at about $3 per million tokens, and Moonshot plans to open-source the model weights on July 27. Moonshot was founded in early 2023 and has raised about $1.5 billion to date, reaching a valuation of more than $4.3 billion. The company is also reportedly preparing for a Hong Kong IPO within the next six months. Citing CryptoBriefing, the report said the release comes as the U.S. continues to restrict exports of advanced chips to China, highlighting how Chinese companies are using architectural innovation to improve efficiency under hardware constraints.

Pakistan’s Federal Investigation Agency has created a dedicated cryptocurrency investigation unit inside its newly operational National Command and Control Centre, adding an enforcement layer to the country’s broader move to formalize digital assets. The unit will focus on money laundering and terrorism financing involving virtual currencies, while the Pakistan Virtual Assets Regulatory Authority remains responsible for regulation. FIA Counter-Terrorism Wing Director Dr Muhammad Athar Waheed said the agency will examine criminal use of crypto and called on the National Cyber Crime Investigation Agency and the Anti-Narcotics Force to establish similar units. The move comes as Pakistan accelerates crypto policy steps, including lifting an eight-year banking ban, advancing exchange licensing, and exploring tokenization of state assets, even as religious debate over whether crypto qualifies as permissible wealth under Islamic law remains unsettled.

Changxin Technology on July 21 released the results of its initial public offering and STAR Market listing, according to BlockBeats. The company priced the deal at CNY 8.66 per share, with an initial issuance of 6.688 billion shares, equal to about 10% of its total share capital after the offering. Final strategic placement reached 1.667 billion shares, while the final online subscription success rate was about 0.47141739%. The filing shows online investors paid for 3.845 billion shares and left 6.5862 million shares unsubscribed. Offline investors paid for 2.173 billion shares and left 31,567 shares unsubscribed. Joint lead underwriters took up 6.6178 million shares, with an underwriting amount of CNY 57.3101 million. Before any exercise of the over-allotment option, issuance expenses stood at CNY 281 million.

The Johor state government has revoked the Forest City business license of NS0 Malaysia Sdn. Bhd., the entity operating Network School in Malaysia, and ordered it to cease all operations starting July 22, according to a statement from Johor Menteri Besar Onn Hafiz Ghazi. The state said the move followed enforcement inspections and legal procedures, adding that projects with investment backing would still face “zero tolerance” treatment if they breached licensing conditions, immigration rules, or raised security and sovereignty concerns. Johor also urged the Home Ministry, Immigration Department, police, and other security agencies to continue investigating possible misuse of second passports, false identity representations, and violations of entry requirements. In parallel, it asked the Digital Ministry and MDEC to review the project’s “Malaysia Digital” and related qualifications, while tightening due diligence and inter-agency coordination around foreign-backed entities, their funding sources, and operational narratives. Network School was launched by former Coinbase CTO and The Network State author Balaji Srinivasan as a paid co-living and coworking community for founders, engineers, creators, and digital nomads.