Odaily Planet Daily reports that Trasia Labs has announced the completion of a $1.75 million seed funding round, with Multicoin Capital participating as the sole institutional investor. The project is a perpetual contract trading platform natively built on Hyperliquid, primarily targeting the Asian market. Currently, it is integrated into Hyperliquid's native perpetual market in a non-custodial model, with plans to launch its own perpetual contracts based on the HIP-3 protocol in the future.

Odaily Planet Daily reports that Spain defeated Argentina 1-0 early this morning Beijing time to win the USA-Mexico World Cup. US President Trump personally presented the trophy to the Spanish team after the match. According to data from Predict.fun, its "2026 World Cup Champion" market has accumulated a trading volume of $320 million, making it the highest-trading market recently.

According to Onchain Lens monitoring, Abraxas Capital (0xb83...6e36) deposited 3 million USDC into Hyperliquid and further increased its short positions by 796.4 BTC and 31,600 ETH, worth approximately $51.5 million and $59.2 million respectively. Both short positions have increased significantly over the past two days.

Odaily Planet Daily reports that Cardano activated the Van Rossem hard fork on July 18, 2026 at 21:44:51 UTC, upgrading the network to protocol version 11 without any reported downtime. This upgrade is part of the Conway ledger era and aims to reduce the operating costs of Plutus smart contracts, enhance ledger security, and add cryptographic tools. Van Rossem includes five Cardano improvement proposals, covering BLS12-381 multiscalar multiplication, on-chain array types, multi-asset value processing optimization, list operation acceleration, and built-in modular exponentiation. Staking pools are now prohibited from reusing the same verifiable random function key across the network; each pool must hold a unique key bound to its identity. This upgrade was completed through Cardano's on-chain governance process, with on-chain voting driving the process from proposal to activation. The proposal passed with 77.63% support from delegates, 52.7% support from staking pool operators, and a 6-0-0-1 vote from the Constitutional Committee. Wallets holding between 100,000 and 100 million ADA have reached their highest level since 2023, now controlling more than a quarter of the circulating ADA supply. Cardano will next advance Ouroboros Leios and plans to achieve a target of over 1,000 transactions per second during testing in 2026.

Odaily Planet Daily reports that trading sentiment betting on the CLARITY Act's formal legislation in 2026 has turned bearish, with the probability of the bill's passage this year falling to a historic low. At the beginning of the year, market expectations for the bill peaked at 82%, but this probability has continued to decline as negotiations have stalled on multiple fronts. Key disagreements hindering the bill's progress include deadlock over ethical provisions, opposition from bank lobbying groups to provisions related to interest-bearing stablecoins, and a compressed legislative schedule and midterm elections leading to a shorter voting window. Although leading companies in the industry generally support this comprehensive digital asset regulatory bill, traders believe that the multiple disagreements cannot be resolved in the short term, and the bill is unlikely to complete the entire legislative process and formally take effect in 2026.