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US, UK Deepen Crypto Regulatory Coordination After GENIUS Act

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Latest NewsPublishedAug 4, 2026

In a July 8 meeting, US and UK regulators highlighted the implementation of the GENIUS Act, payment modernization and cross-border cooperation, reinforcing a shared framework for digital asset oversight.

The United States and the United Kingdom reaffirmed their commitment to closer financial regulatory cooperation during a recent bilateral working group, signaling continued policy alignment on digital assets as US authorities move to implement landmark stablecoin legislation.

During the 13th meeting of the UK-US Financial Regulatory Working Group (FRWG), held in London on July 8, officials discussed stablecoin regulation, digital asset market structure in the United States, tokenization and the UK’s Wholesale Financial Markets Digital Strategy.

An Aug. 4 joint statement summarizing the meeting said US officials updated their UK counterparts on implementation of the GENIUS Act, the country’s landmark stablecoin law, as well as ongoing work on digital asset market structure. Participants also discussed payment modernization and the G20 Cross-border Payments Roadmap, an international initiative to improve cross-border payments.

Although the meeting did not produce new policy measures, it underscored a shared commitment to coordinating regulation across key areas of the digital asset industry. The statement struck a broadly supportive tone toward “responsible” digital asset innovation while emphasizing financial stability and international regulatory cooperation.

That commitment was also reflected on July 14, when the Transatlantic Taskforce for Markets of the Future — a joint US-UK initiative focused on strengthening cooperation on financial innovation and capital markets — published its initial recommendations alongside a joint statement on stablecoins. The governments said the measures would lay the foundation for continued US-UK leadership in digital assets and capital markets.

Related: UK government defers capital gains on certain crypto with ‘no gain, no loss’ approach

UK rethinks stablecoin rules as US moves ahead

The UK’s renewed emphasis on stablecoins comes as some industry observers argue the country is losing ground to the United States, where the GENIUS Act has accelerated momentum behind regulated dollar-backed stablecoins.

The Bank of England has also softened its stance on stablecoin regulation. As Cointelegraph reported in May, the BoE is considering alternatives to temporary limits on stablecoin holdings and is reviewing whether its proposal requiring at least 40% of reserve assets to be held as non-interest-bearing deposits at the central bank is too restrictive. 

Separately, the UK’s Financial Conduct Authority said earlier this year that cross-border payments represent one of the clearest near-term use cases for stablecoins, underscoring growing regulatory recognition of the technology’s potential.

Magazine: Coldcard exploit sparks Bitcoin flight, ‘bullish’ crypto consolidation: Hodler’s Digest, August 2

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Why Visa, Mastercard and Coinbase aren’t abandoning USDC stablecoin for Open USD

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Recent earnings calls from Open USD’s highest-profile backers, however, paint a more nuanced picture. Executives at Coinbase, Visa and Mastercard all said they intend to support multiple stablecoins instead of betting on a single winner, describing Open USD as another network to connect to rather than a replacement for USDC.

Multi-coin strategy

During its second-quarter earnings call last week, Coinbase reassured investors about its close relationship with Circle. Chief Financial Officer Alesia Haas said the exchange has already met the conditions to renew its commercial agreement with Circle and will continue growing the USDC ecosystem.

CEO Brian Armstrong also said Coinbase remains a “multi-stablecoin platform” and wants to support whichever stablecoins customers choose to use. The exchange already supports USDC alongside Tether’s USDT and PayPal’s PYUSD, he said, with Open USD creating “additional business opportunities and revenue opportunities.”

Ryan McInerney, CEO of Visa, struck a similar tone during his firm’s earnings call, describing the company as “multi-coin, multi-chain” and saying that Visa’s role is to help clients connect to whichever stablecoins gain adoption.

“Our role is not to pick winners,” he said.

Notably, Visa offered the first live example of pushing Open USD to customers. The firm last month launched its Visa Stablecoin Platform, giving banks, fintechs and payment providers tools to access, store, redeem and move stablecoins, with OUSD serving as the initial supported token.

Elon Musk’s SpaceX (SPCX) tops earnings as bitcoin (BTC) holding value drops by $540 million

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SpaceX (SPCX), Elon Musk’s space technology company, reported its first quarterly results as a public company on Tuesday, announcing second-quarter revenue of $7.8 billion.

That figure topped Wall Street expectations of $6.9 billion, while narrowing its quarterly loss to $541 million as growth accelerated across its launch, Starlink and AI businesses.

The company reported a net loss of $541 million, an improvement from a $1.0 billion loss a year earlier, while adjusted EBITDA nearly tripled to $3.5 billion.

The firm held onto its stash of 18,712 bitcoin , according to the SEC filing. However, the value of holdings declined to $1.10 billion at June 30 from $1.64 billion at the end of 2025, coinciding with bitcoin’s 33% price slump through that period.

SPCX was down 6% after-hours on the report to $118 after closing the regular session nearly 10% higher on the day’s trading, while the Nasdaq 100 gained 3.3%.

The firm’s report arrived less than two months after SpaceX’s record-breaking $86 billion IPO and ahead of the stock’s first major test. On Aug. 6, roughly 912 million shares held by employees and early backers will become eligible for sale, potentially increasing the stock’s public float.

THG Opens Hedera and AI Product Suite to Partners as Agent Security Risks Mount

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  • The Hashgraph Group has launched a partner program allowing consulting firms, system integrators and software companies to sell, implement or embed its Hedera-based Web3 and agentic AI products.
  • The initiative targets rising enterprise demand for verifiable digital identities, wallets and audit trails for AI agents, while giving partners access to referral commissions, revenue sharing and technical support.

The Hashgraph Group is opening its enterprise software portfolio to consulting firms and technology providers, seeking broader distribution for Hedera-based Web3 and artificial-intelligence products.

The Swiss engineering company has launched the Hashgraph Partner Alliance, or HPA, with three commercial models. Partners can refer clients, resell and implement THG products, or embed the technology within their own software.

The launch comes as businesses experiment with autonomous AI agents while confronting difficult questions around identity, permissions and accountability.

Those risks were highlighted in July when experimental OpenAI models escaped a controlled cybersecurity evaluation and compromised systems belonging to AI platform Hugging Face. OpenAI described it as an unprecedented cyber incident and said it was investigating the vulnerabilities with Hugging Face.

THG is positioning its Hashgraph for Enterprise, or H4E, suite as infrastructure for companies that need verifiable records around automated processes.

The portfolio includes digital identities and wallets for humans, machines and AI agents. It also supports product traceability, sustainability records, payment orchestration and tokenized customer-loyalty programs, according to the company.

The technology uses Hedera’s distributed ledger to create tamper-evident records of transactions and workflow events.

Under the referral model, partners receive a one-time commission when an introduced customer converts into a commercial project.

Resellers and implementation partners can earn revenue from product sales, consulting, integrations and ongoing support. Software companies can integrate H4E capabilities into their existing products without developing the underlying identity, wallet and ledger infrastructure themselves.

THG said it will provide engineering assistance, solution architecture, training, certifications and round-the-clock technical support through its HashCare help desk.

The program is divided into Silver, Gold and Platinum tiers. THG values the software access, support and other benefits offered to Platinum partners at more than $125,000 annually, though the figure represents the company’s own valuation rather than independently verified partner revenue.

The company is also offering selected participants opportunities for joint product development, proposal preparation, co-marketing and responses to corporate requests for proposals.

“Over the past few years, we’ve focused extensively on building our Web3 and AI-powered products and global delivery capabilities,” CEO Stefan Deiss said in a statement shared with AlexaBlockchain.

“Through our Hashgraph Partner Alliance program, we are proactively reengaging our 70-plus partners in a practical way to respond to the increasing market demand for enterprise solutions, with a new attractive value proposition, commercial terms, and advanced technology enablement.”

Deiss said THG would use its H4E products, engineering expertise and India-based Global Capability Centre to help partners move faster, lower costs and limit development risk.

More From AlexaBlockchain

Why It Matters

The program represents a shift from selling enterprise blockchain software directly to customers toward distributing it through consultancies and system integrators.

That model is common in corporate technology because large deployments usually require integration with identity platforms, enterprise-resource-planning systems and sector-specific compliance processes. External implementation firms can supply those capabilities without requiring the software vendor to build a large services organization in every market.

The same approach is emerging around agentic AI.

Salesforce has built an Agentforce partner network that includes system integrators helping companies define, build and deploy AI agents. By late 2025, the company said its broader Agentforce ecosystem included around 7,000 system integrators.

THG is pursuing a smaller and more specialized version of that strategy. Its differentiation rests on combining agentic software with decentralized identity, verifiable credentials and ledger-based audit trails.

That could be relevant when an AI agent is allowed to initiate payments, modify supply-chain records or interact with external companies. Businesses need to determine which agent acted, whose authority it used and whether its permissions were valid at the time.

Agent identity is rapidly becoming a separate enterprise-security category.

Microsoft’s Entra Agent ID assigns identities to AI agents and applies authentication, authorization, lifecycle governance and audit controls. Okta and IBM have introduced comparable products focused on discovering agents, restricting their access and establishing accountability for their actions.

THG’s proposition differs because it can anchor identity credentials and selected transaction records to a shared ledger. That may be useful when evidence must be verified across several organizations rather than only inside one company’s identity system.

It does not, however, solve the entire agent-security problem.

A digital identity can help attribute an action and enforce access rules. It cannot by itself guarantee that an agent’s reasoning is safe, that its instructions have not been manipulated or that its execution environment cannot be breached.

Existing Enterprise Projects

THG already has several projects that can serve as reference deployments for prospective partners.

It is working with Germany’s Merck Group to combine its TrackTrace supply-chain platform with Merck’s M-Trust physical-authentication technology. The system is intended to link physical products with digital product passports and verifiable records.

THG’s published product roadmap describes TrackTrace as a production-stage platform supporting decentralized identifiers, verifiable credentials, hardware-generated records and audit trails anchored through the Hedera Consensus Service.

The company has also introduced BrandBoost for tokenized loyalty programs and is working with logistics company Teleport on digital customs documentation for Southeast Asian e-commerce.

These deployments give the alliance more substance than a conventional referral scheme. Partners are being offered products with identified use cases, although the commercial scale and financial performance of those deployments have not been disclosed.

THG has previously worked with KPMG in India on enterprise blockchain adoption. That relationship illustrates the kind of consulting-led distribution model the new program is intended to formalize and expand.

A Fast-Growing but Uncertain Market

According to Mordor Intelligence, the global agentic AI market will grow from $9.89 billion in 2026 to $57.42 billion in 2031, at a CAGR of 42%.

The research firm expects consulting and integration services to grow even faster than the broader market as companies struggle with governance, legacy systems and operational change. Such forecasts remain estimates and depend on how quickly experimental agent deployments move into production.

THG’s alliance is designed to capture part of that implementation spending rather than depending only on software licensing.

The strategy could help it reach more enterprise clients and reduce the cost of direct sales. Its success will depend on whether partners can convert proofs of concept into recurring deployments and whether Hedera-based verification provides enough practical benefit to justify an additional infrastructure layer.

The OpenAI–Hugging Face incident has made the underlying question more urgent: enterprises are giving AI systems greater autonomy before the controls governing those systems are fully mature.

THG is betting that verifiable identity and shared audit trails will become part of that control framework. The partner alliance is its attempt to turn that proposition into a scalable distribution business.

The above article “THG Opens Hedera and AI Product Suite to Partners as Agent Security Risks Mount” was first published on AlexaBlockchain. Read the complete article here: https://alexablockchain.com/thg-opens-hedera-and-ai-product-suite-to-partners-as-agent-security-risks-mount/

Read Also: This is the First U.S.-Chartered Depository Bank to Offer Stablecoin Invoicing

Disclaimer: The information provided on AlexaBlockchain is for informational purposes only and does not constitute financial advice. Read complete disclaimer here.

Texas Electric Grid Moratorium Won’t Have Big Impact on BTC Miners: Bernstein

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Bitcoin miners with operations in Texas are not expected to be impacted by a moratorium on approval of data center projects connected to the state’s grid operator ordered by Governor Greg Abbott, Bernstein analysts said Tuesday.

Abbott on Monday directed the Public Utility Commission of Texas and the Electric Reliability Council of Texas (ERCOT) to audit all data centers seeking to connect to the state’s power grid. The duration of the audit was not specified and comes amid increasing public backlash to the pace of data center build-out across the state, The Texas Tribune reported.

Bernstein analysts told clients on Tuesday that as most of the Bitcoin (BTC) miners operating in Texas are under contract for approved electric capacity, those operations are unlikely to be impacted by the moratorium.

“However, we believe, this audit throttles speculative data center pipeline and makes genuine sites with development history more valuable,” the research team led by Gautam Chhugani said in its note. “Bitcoin mining sites are favorably placed with the longest gestation, self-funding infra and local community management,” they said.

They said that the local operations of Cipher Digital (CIFR), Core Scientific (CORZ) and CleanSpark (CLSK) could be the miners most exposed to future public opposition to data center expansion, particularly during ERCOT’s approval process to convert their pipeline assets into grid-connected power capacity.

“We believe with increasing political opposition to new data center projects and fresh capacity being throttled by moratoriums/state directives, the approved MWs become more valuable,” they said, highlighting the Texas mining operations of IREN (IREN), which is fully ERCOT grid approved, as are the operations of Riot Platforms (RIOT).

CIFR shares were down more than 7% in Tuesday’s premarket trading, according to Yahoo Finance data. The miner reported second-quarter results earlier Tuesday, posting a loss of $0.65 per diluted share, widening from last year’s loss of $0.12 per diluted share.

Related: Bitcoin may find bear market bottom in August: 10x Research

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

BNY to add crypto staking to digital asset custody platform

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BNY has tapped crypto financial services firm Galaxy (GLXY) to add staking capabilities to its digital asset custody platform, the companies announced Tuesday.

The new service will allow institutional clients to stake digital assets held in custody through BNY’s platform, pending regulatory approval. Galaxy will provide the staking infrastructure while also serving as a design partner as BNY expands its blockchain-based services.

Staking allows holders of certain crypto assets to help secure blockchain networks by locking up their tokens in exchange for rewards. For large investors, offering staking through the same platform that holds their assets removes the need to transfer tokens to a separate provider.

BNY, formerly known as Bank of New York Mellon, has steadily expanded its digital asset business since launching crypto custody services in 2022. The bank oversees tens of trillions of dollars in assets under custody and administration, making its moves into blockchain infrastructure closely watched across the financial industry.

The financial services firm recently said it was shifting its core transfer agency record-keeping onto blockchain technology, creating a single onchain ownership ledger that it said will reduce reliance on multiple intermediaries. It also plans to introduce around-the-clock settlement for traditional and tokenized U.S. Treasuries in 2027 and begin testing tokenized Treasuries on a private blockchain before the end of this year.

The bitcoin (BTC) price has plenty of reasons to freak out, yet volatility remains low: Crypto Daily

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For now, some factors seem to favor the bear case. For instance, institutional demand remains anemic. The U.S.-listed spot bitcoin ETFs posted $61.53 million in outflows last week, snapping a three-week streak of tepid inflows. Moreover, USDT’s market capitalization, the largest among dollar-pegged stablecoins, fell to the lowest level since October, while USDC’s also remains in a downtrend. (check the Daily Signal).

Real or inflation-adjusted returns on longer-duration Treasury notes have risen to the highest since 2008, denting the appeal of investing in emerging technologies and risk assets. Further, the U.S. Clarity Act’s passage remains uncertain.

Still, at least one data point suggests limited downside. That is tied to the number of BTC acquired around current price levels.

“Approximately 155,000 BTC moved into the $62,000-$65,000 cost-basis range, indicating that selling was absorbed by buyers near current prices. This concentration now represents 0.7 percent of circulating supply and could keep BTC range-bound until a stronger catalyst emerges,” analysts at Bitfinex said.

Stay alert!

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”

What’s trending

BlackRock (BLK) debuts tokenized access to $311 billion of money market funds in Europe

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BlackRock (BLK), the world’s largest asset manager, is building on its recent expansion of tokenized cash offerings in the U.S. by tapping into a combined $311 billion of assets under management in European money market funds in a sign of the growing appeal of holding real-world assets on blockchain technology.

BlockRock unveiled 12 new tokenized share classes based on six funds across 15 European markets. The funds, which comply with the European Union’s UCITS regulations, include sterling, euro and dollar share classes, the asset manager said Tuesday. The move comes one day after the firm added two tokenized cash offerings in the U.S.

CEO Larry Fink has repeatedly championed tokenization technology as a way to modernize financial markets. The tokenized real-world asset market has grown more than 200% over the past year to over $30 billion, according to rwa.xyz, while Citi projects tokenized securities could reach $5.5 trillion by 2030.

The tokenized funds are designed for corporate treasurers who already use money market funds to manage operating and reserve cash, as well as at asset managers and investment consultants across traditional and digital markets, BlackRock said.

NY judge denies CFTC motion to halt enforcement action against Kalshi

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The ruling leaves New York’s case against Kalshi in place while allowing the CFTC to renew its request before Judge Victor Marrero.

Bitmine adds $19.6M in ETH, repurchases 4.5M shares

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Bitmine said it now holds about 4.8% of Ether’s circulating supply as it pursues its 5% acquisition target.