US Treasury moves forward with rules on GENIUS Act after July deadline
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After criticizing DeepSeek for disrespectful interviewing practices, Huawei's "genius youth" Li Bojie is accused by a former investor of "taking money and disappearing."
According to Beating's monitoring, Li Bojie, one of Huawei's first batch of "genius teenagers," complained about his DeepSeek interview experience on social media, claiming that he was accused of cheating during a coding interview and therefore terminated the interview on the spot. This complaint quickly sparked a new controversy, with former investor and co-founder of Web3 venture capital firm ABCDE, Du Jun, publicly accusing Li Bojie of "lacking a sense of contract." Du Jun alleges that Li Bojie and his partner Zhuang Siyuan, after receiving investment from ABCDE to found Metagent in 2024, refused to fulfill their contractual obligations to synchronize financial and business progress, and subsequently disappeared. Du Jun stated that he can accept various project failures, but cannot accept the fraudulent behavior of founders taking the money and running away. Li Bojie resigned from Huawei in 2023 and co-founded Logenic AI (later renamed Pine AI), and has not yet responded to these allegations.
Base plans to officially activate the B20 token standard on mainnet on July 9th.
According to Foresight News , Base plans to officially activate the B20 token standard on mainnet at 2:00 AM Beijing time on July 9th. Base had previously scheduled the activation of the B20 token format for 2:00 AM on June 27th, but this was subsequently postponed due to stability concerns. B20 is Base's native token format, designed to improve user experience through a faster, lower-cost, and more standardized settlement mechanism, enabling global financial assets to exist on Base in the form of programmable capital and achieve on-chain composability.
Binance will adjust leverage and collateral ratios for multi-contract trading on July 10, 2026.
According to an official announcement, Binance will update the collateral ratios for PortfolioMargin and PMPro on July 10, 2026 at 14:00 (Beijing time), affecting SOL, BNSOL, WBTC, and VANRY. Additionally, Binance Odaily will adjust the leverage and margin levels for several USDⓈ-M perpetual contracts on July 10, 2026 at 14:30 (Beijing time), including MANTAUSDT, BANUSDT, EULUSDT, AERGOUSDT, INUSDT, SCRTUSDT, TAIKOUSDT, PLAYUSDT, HOMEUSDT, and GUAUSDT.
Sources indicate that foreign exchange transactions related to SK Hynix's US listing are expected to take place around July 15th.
According to Odaily Odaily, a source familiar with the matter said that foreign exchange transactions between the US dollar and the Korean won related to the US listing of South Korean chipmaker SK Hynix are expected to take place around July 15. SK Hynix launched its US stock offering on Monday, planning to raise 43 trillion won (approximately US$28.16 billion), and has already received subscription intentions from major investors for up to US$7 billion. (Jinshi)
New A-share trading rules will officially take effect on July 6, involving several core adjustments including the expansion of after-hours fixed-price trading.
PANews reported on July 5th that, according to Sina Finance, the revised A-share trading rules simultaneously issued by the Shanghai, Shenzhen, and Beijing stock exchanges will officially take effect on July 6th, 2026, covering several optimizations to the trading mechanism. The core adjustments made by the three exchanges according to the revised trading rules are as follows: 1. Shanghai Stock Exchange's key revisions: First, the scope of securities applicable to after-hours fixed-price trading has been expanded from STAR Market stocks to all A-shares and exchange-traded funds (ETFs); second, the trading method for funds at the closing stage has been changed from continuous bidding to closing call auction, with the closing price generated through the call auction; third, the price fluctuation limit for main board risk-alert stocks has been adjusted from 5% to 10%. In addition, adaptive revisions have been made based on rule changes and business needs, including optimizing disciplinary provisions and improving the wording of some rules.
African crypto exchage VALR will launch perpetual contract products on July 6th via integration with Hyperliquid.
PANews reported on July 3 that VALR, Africa's largest cryptocurrency exchange, announced the launch of its "Perps" perpetual contract product on July 6. Through native integration with the decentralized public blockchain Hyperliquid, it will introduce over 200 cross-asset perpetual contract markets. VALR will utilize Hyperliquid for underlying liquidity and execution, focusing instead on its native user interface and compliance services.