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Digital Chamber Sues Illinois Over Crypto Tax

{"summary": "The Digital Chamber filed lawsuits to block Illinois’ Digital Asset Tax Act, the first state-level tax on digital-asset business activity set to take effect in January 2027, arguing the 0.2% levy unfairly singles out blockchain transactions and violates constitutional provisions. This legal push underscores ongoing regulatory scrutiny of crypto taxation and could influence market perceptions and future state policy across the industry.", "summary_sources": ["https://en.bloomingbit.io/feed/news/116734", "https://cryptobriefing.com/digital-chamber-sues-to-block-illinois-digital-asset-tax-before-2027-launch/", "https://www.coindesk.com/policy/2026/07/21/crypto-lobby-group-tdc-sues-illinois-to-block-digital-asset-tax", "https://cryptopanic.com/news/33076022/Crypto-lobby-group-Digital-Chamber-sues-Illinois-to-block-digital-asset-tax", "https://www.theblock.co/post/409160/the-digital-chamber-sues-illinois-over-incoming-crypto-transaction-tax"]}

9 sources

Photo: U.S. Department of State / Wikimedia Commons (Public domain)

U.S. Jordan Sign Reciprocal Trade Agreement

The United States and Jordan announced a reciprocal trade agreement to expand market access and reduce barriers for U.S. exports, including duty-free treatment for most U.S. goods entering Jordan and expanded access for American agricultural products and motor vehicles. The pact also emphasizes environmental and labor standards, intellectual property protections, fair trade practices, customs modernization, and cooperation on supply chain resilience and investment security, with further talks planned on services and investment to remove remaining barriers.

9 sources

Photo: Coolcaesar / Wikimedia Commons (CC BY-SA 4.0)

NVIDIA Expands Vera Platform With Spectrum-X6 and Rubin

NVIDIA’s Vera CPU, with Olympus cores on a monolithic die and interconnected via NVLink, is engineered for agentic AI workloads that demand high per-core performance and low memory latency rather than just high core counts. Early benchmarks and disclosures show Vera delivering notable gains in agentic AI throughput and efficiency when paired with Vera Rubin GPUs, highlighting a system-level focus on streamlined CPU-GPU data movement and software optimization over traditional cloud-centric chiplet designs.

13 sources

Photo: TechCrunch / Wikimedia Commons (CC BY 2.0)

Telegram Plans Non-Custodial Gram Wallet For 1B

Telegram founder Pavel Durov announced a native non-custodial Gram wallet across all Telegram apps this summer, enabling instant, zero-fee cryptocurrency transfers for over one billion users. The rollout, built on The Open Network and rebranding TON to Gram, underscores Telegram’s push into decentralized finance and mass crypto adoption.

9 sources

Arcus Debuts Tokenized Stocks on Robinhood Chain

Arcus, the Robinhood-backed DEX, expanded to tokenized stocks and perpetual futures on Robinhood Chain, offering more than 95 stock tokens and various perpetual markets with a self-custodial account and USDG as the main collateral. Early activity signals strong liquidity potential and growing perpetual interest, but long-term success hinges on converting spot flow into durable perpetual books and navigating regulatory restrictions in certain jurisdictions.

6 sources

Photo: United States Department of the Treasury / Wikimedia Commons (Public domain)

China reportedly cuts Iranian oil purchases by 40%

US Treasury Secretary Scott Bessent says China reduced its imports of Iranian crude by about 40% in recent months, driven by sanctions on privately owned teapot refineries and China’s strategic petroleum reserves. The remarks underscore intensified sanctions enforcement targeting Tehran’s energy sector and could pressure Iran’s oil revenues while signaling potential shifts in global oil dynamics.

9 sources

Photo: Steve Jurvetson from Los Altos, USA / Wikimedia Commons (CC BY 2.0)

Base plans 1:1-backed tokenized US equities launch

Base is close to launching 1:1-backed tokenized U.S. equities on its Ethereum Layer-2, with underlying shares held in custody and dividend passage, signaling a shift from its earlier social-token focus to broader financial applications. The effort places Base in a race with Robinhood Chain and comes amid regulatory progress and Coinbase-backed ambitions to expand on-chain real-world asset infrastructure.

8 sources

Photo: Shealeah Craighead / Wikimedia Commons (Public domain)

Trump administration considers 10-day Iran ceasefire, airstrikes remain

The Trump administration is reviewing a 10-day ceasefire proposal backed by mediators to reopen the Strait of Hormuz and allow time to discuss a longer maritime framework, while considering ongoing airstrikes if diplomacy falters. With both sides maintaining military pressure and regional powers weighing their options, the outcome remains uncertain and oil markets are playing close attention to any signs of a diplomatic breakthrough or escalation, including potential widening conflict with Israel.

5 sources

Photo: TechCrunch / Wikimedia Commons (CC BY 2.0)

Worldcoin ETF S-1 filed by Grayscale

Grayscale has filed an S-1 with the SEC to launch a spot Worldcoin ETF that would hold WLD directly and trade on Nasdaq as GWLD, with shares issued in 10,000-share creation blocks and a passive, non-leveraged structure. The filing names custodians and administrators (BitGo Bank & Trust, Bank of New York Mellon, CSC Delaware Trust) and notes that details like fees and seed investment will be provided in later amendments, with final listing contingent on SEC approval and a 19b-4 rule change.

13 sources

Photo: U.S. Senate Photo Office, Brett Flashnick / Wikimedia Commons (Public domain)

Mace not entering Graham Senate seat

Rep. Nancy Mace said she will not run for the South Carolina Senate seat left by the late Lindsey Graham, citing unfinished business and a focus on issues she’s been fighting for. President Donald Trump endorsed Darline Graham Nordone, the interim senator and front-runner for the August 11 special GOP primary, reinforcing her position as the leading candidate as other contenders weigh their bids.

5 sources

Photo: Shealeah Craighead / Wikimedia Commons (Public domain)

Trump Signs Proclamation to Boost US Aluminum Industry

President Trump moved to shore up domestic aluminum by directing the Commerce Secretary to create incentives for building, expanding, or refurbishing U.S. smelters and by pursuing onshoring plans that grant reduced tariffs for approved production. He also overhauled the Section 232 tariff regime to cut duties temporarily, expand country-specific carve-outs and broaden the definition of eligible products, part of a broader push to reinforce national security and the aluminum industrial base.

9 sources

Photo: Daniel Torok / Wikimedia Commons (Public domain)

Trump Tightens Waivers in Defense Supply Chains

"President Donald Trump signed an executive order to tighten defense procurement rules by curbing waivers, requiring contractors to prove domestic sourcing, disclose material origins, and submit mitigation plans while the Pentagon maps supply chains and replaces unreliable suppliers. The move targets reducing reliance on China and other adversaries by accelerating domestic production of critical minerals and related components, with enforcement mechanisms and a planned effective date to phase out prohibited foreign sources.

13 sources

Fed Chair Warsh: Crypto On Its Own, No Bailouts

Kevin Warsh, Trump’s nominee to head the Fed, says the central bank will not bailout crypto or any sector and will act to mitigate risks while keeping politics out of policy. His personal crypto holdings—reported to be well over $130 million—highlight the tension between his views and his own portfolio.

7 sources

Netanyahu warns Iran of stronger response

Prime Minister Benjamin Netanyahu warned Iran that any future attack would trigger a far stronger Israeli response, emphasizing readiness to act decisively and promising no repeat of past outcomes. The remarks, delivered at the Negev conference amid ongoing tensions and recent Israeli strikes in Iran and regional hostilities, signal a renewed posture of deterrence as the ceasefire remains fragile and the risk of escalation persists.

8 sources

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Recently covered

Digital Chamber Sues Illinois Over Crypto Tax

U.S. Jordan Sign Reciprocal Trade Agreement

NVIDIA Expands Vera Platform With Spectrum-X6 and Rubin

Telegram Plans Non-Custodial Gram Wallet For 1B

Arcus Debuts Tokenized Stocks on Robinhood Chain

China reportedly cuts Iranian oil purchases by 40%

Base plans 1:1-backed tokenized US equities launch

Trump administration considers 10-day Iran ceasefire, airstrikes remain

Worldcoin ETF S-1 filed by Grayscale

Mace not entering Graham Senate seat

Trump Signs Proclamation to Boost US Aluminum Industry

Trump Tightens Waivers in Defense Supply Chains

Fed Chair Warsh: Crypto On Its Own, No Bailouts

Netanyahu warns Iran of stronger response