An article published in the theory section of Procuratorial Daily, the newspaper of China’s Supreme People’s Procuratorate, proposed a framework for prosecuting cryptocurrency money-laundering cases. The piece said courts could infer criminal intent when suspects used mixers or privacy coins and failed to provide reasonable counter-evidence. It also said verifiable on-chain records and reports from blockchain analytics firms should be accepted as evidence. The article also proposed setting up a national-level platform to custody and dispose of seized crypto assets through compliant channels such as targeted auctions. It was written by two grassroots prosecutors from Hunan province and a university law professor, according to the report, and does not carry legal force. The article said Chinese prosecutors had charged more than 3,000 people in cryptocurrency-related money-laundering cases starting in 2024. Decrypt, citing Chainalysis data, said Chinese-language laundering networks processed about $16 billion in 2025, accounting for roughly one-fifth of global crypto money-laundering volume at present.

BlockBeats reported on July 13 that Citi raised its price target on Western Digital (WDC.O) to $800 from $685. The brief did not include any additional details on the reason for the change, whether Citi also adjusted its rating, or the timeframe tied to the target. The update was published as a 7x24 flash item.

trade.xyz is set to launch contract trading tied to the China STAR 50 ETF, according to Hyperliquid News. The product references the Shanghai Stock Exchange STAR Market. BlockBeats reported the update on July 13, adding that the related ticker has already been acquired through an auction. No further launch details were disclosed in the brief. The announcement points to an upcoming listing rather than a product that is already live, with the ticker allocation completed ahead of launch.

PPP, a prediction-market monitoring tool, said a Polymarket account that has lost more than $7.4 million in total has taken a new position on France ahead of the 2026 World Cup semifinal against Spain. The account, mooseborzoi, identified by address 0x84cfffc3f16dcc353094de30d4a45226eccd2f63, bought $550,000 worth of “France to reach the final” shares at an average entry price of 59.9 cents, for a total of 925,017.8 shares. PPP also said the same user is holding a separate $744,000 position on France to win the World Cup, which is currently showing a floating profit of $200,000. The France-Spain match is scheduled to start at 3:00 a.m. Beijing time on July 15. The source note also referenced France’s World Cup titles in 1998 and 2018, Spain’s title in 2010, and said Spain has had the edge in recent meetings, including the 2024 European Championship and the 2025 Nations League.

Data tracked by Hyperinsight shows a sizable gap between SK Hynix contracts on Hyperliquid. As of publication, the Korean share contract SKHX was quoted at $1,245.4 with roughly $1.021 billion in 24-hour volume, while the U.S. ADR contract SKHY traded at $153.69 with about $136 million in volume. Using the conversion of 10 ADRs to one Korean common share, SKHY implies a price of $1,536.9, or $291.5 above the Korean share equivalent. That puts the ADR premium at about 23.41%, while the Korean share trades at an 18.97% discount on the reverse calculation. Funding rates are not favorable for traders betting on the spread to close. SKHYNIX carried an hourly funding rate of +0.06132%, meaning longs pay shorts, while SKHY stood at -0.00463%, meaning shorts pay longs. Even so, two visible large addresses were still running convergence trades. One address beginning with 0x257 held a 10x leveraged long in 2,500.42 SKHX and a 10x leveraged short in 31,031.66 SKHY, for a combined notional of about $7.891 million and a floating profit of roughly $339,000. Another address beginning with 0xf517 held a long in 2,145.256 SKHX at 10x and a short in 22,223.39 SKHY at 5x, with a position ratio near the 1:10 ADR conversion and a combined size of about $6.093 million.

Thailand’s central bank and securities regulator have launched a broad review of large stablecoin transactions as part of a wider push against illicit finance and the underground economy. According to local outlet Thansettakij, Bank of Thailand Governor Vitai Ratanakorn said the Bank of Thailand and the Thai Securities and Exchange Commission are bringing in advanced data analysis tools to screen for unusual stablecoin activity, with USDT, the market-share leader, drawing particular scrutiny. The report said early findings have already identified multiple suspicious fund flows. Authorities believe some transactions were structured to avoid reporting thresholds or to bypass traditional remittance channels. The Bank of Thailand and the SEC are now discussing follow-up penalties and regulatory action. The move sits within a broader cleanup campaign in Thailand. The government has also tightened controls on large cash deposits and withdrawals at banks, increased oversight of gold trading, and begun a broad review of accounts suspected of supporting online gambling. Thai authorities have also linked the tougher stance to a recent money-laundering case involving crypto, in which police said one suspect’s wallet handled $122.5 million in laundered funds over 10 months.

Securitize’s public listing on July 2, 2026 did more than put a tokenization company on the New York Stock Exchange. On the same morning it went public, the company also issued its stock natively on Solana and Avalanche, with about $270 million of common shares registered on-chain on day one. The article argues that this structure points to a larger shift: tokenized equity may start breaking apart the bundled service package venture capital firms have traditionally sold through a single term sheet. That package has usually included capital, price setting, signaling, network access, follow-on support and governance rights. If equity can trade, clear and discover price more continuously, some of those functions may move to markets and specialist software providers instead of staying inside one VC relationship. The piece cites examples such as Ondo Global Markets, Hyperliquid, Fairmint, Pulley, LiquiFi, Echo, Magna and Sablier. Still, the article does not argue that venture capital disappears. It says early-stage startups remain harder to price than mature firms, and A-round companies still rely heavily on investor judgment and reputation. Follow-on financing is also described as one of the last major VC functions without a mature tokenized substitute under current compliant market structures.

tradexyz is set to list the Science and Technology Innovation Board 50 ETF, trading under the ticker KSTR, according to Hyperliquid News cited by Odaily. The product is issued by U.S.-based KraneShares and carries the full name KraneShares SSE STAR Market 50 Index ETF. It tracks the SSE Science and Technology Innovation Board 50 Index, also known as the Shanghai Stock Exchange STAR Market 50 Index. The update points to a new ETF listing on tradexyz and identifies both the issuer and the benchmark followed by the fund.