News linked to this event type.
According to South Korean media EToday, Lee Yiyuan, Chairman of the Financial Services Commission of South Korea, announced that a supplementary plan targeting single-stock leveraged ETFs such as Samsung Electronics and SK Hynix, which have recently been accused of amplifying South Korean stock market volatility, will be announced soon. Currently, regulatory authorities are closely evaluating the impact of single-stock leveraged products on market volatility and are accelerating the formulation of a comprehensive plan. However, regarding whether to implement measures such as temporary trading halts, market impacts must still be carefully weighed to avoid triggering greater side effects. Lee added that the recent intensification of volatility in the South Korean stock market is mainly driven by factors such as increased volatility in the global semiconductor industry, the industry rapidly entering a super cycle, and significant short-term surges in related stocks. The weighting of Samsung Electronics and SK Hynix in the Korea Composite Stock Price Index (KOSPI) has increased, significantly strengthening the impact of their stock price fluctuations on the overall market.
Robinhood Chain launchpad Pons has officially responded to earlier reports about a token authorization vulnerability in its front end, stating that the Pons launchpad trading page does not have any Multicall3 functionality. The Multicall3 feature mentioned in the tweet originated from the previous Debank Chain old version bridge and was released before the Pons launchpad, thus it does not affect launchpad users. It is currently confirmed that only 0.60 NOXA tokens, valued at approximately $0.66, are affected.As a security precaution, Pons recommends that users who previously used the old version bridge revoke token authorizations via revoke.cash. The team is currently working with audit firms to investigate potential risks and has stated that Pons' front-end services will be restored after confirming the absence of any actual vulnerabilities.
: Ripple’s Global Head of Public Policy and Government Affairs, Lauren Belive, stated that opposing the CLARITY Act is not opposition to the crypto industry, but rather opposition to consumers, and would continue exposing crypto holders to bad actors who exploit regulatory arbitrage. Belive noted that while a digital asset market already exists in the United States, federal rules protecting consumers have not kept pace. She pointed out that the regulatory gaps that led to the collapse of FTX and the loss of customer funds still persist. Belive indicated that the CLARITY Act would grant the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) clear joint jurisdiction over the digital asset market, requiring tokens to undergo regulatory oversight before entering the market. Stuart Alderoty, Chief Legal Officer of Ripple and Chairman of the National Cryptocurrency Association, stated that opposing the CLARITY Act would allow the current unregulated status quo to continue and be exploited by bad actors.
Paradigm co-founder Matt Huang (@matthuang) announced in a post that Katie Biber (@katiebiber) has officially assumed the role of Chief Operating Officer (COO) at Paradigm, while continuing to serve concurrently as Chief Legal Officer (CLO). Matt Huang stated that Katie has profound expertise in legal and policy matters at the forefront of technology and is also an outstanding operations manager, and he is honored to have her manage Paradigm together with Alana Palmedo. Katie Biber has been with Paradigm for over 4 years.
Odaily President Trump will meet on Thursday with Republican Senators Bernie Moreno and Cynthia Lummis, along with White House crypto policy advisor Patrick Witt and White House Chief of Staff Susie Wiles, to focus on the ethics provisions in the CLARITY Act. These provisions are considered one of the main obstacles to advancing the crypto market structure bill.Kristin Smith, President of the Solana Policy Institute, stated, "The purpose of the meeting is to present some proposals on the ethics issue to Trump and hope to gain his support. I believe this is a very positive signal." She described the meeting as crucial for pushing the CLARITY Act through.Earlier, it was disclosed that Trump family-backed World Liberty Financial had received hundreds of millions of dollars in crypto-related revenue, raising concerns among Democrats about potential conflicts of interest. (The Block)
the U.S. Pentagon has, for the first time in more than 20 years, prohibited the public release of the annual report on the F-35 fighter jet program. The report, prepared at the request of the U.S. Congress, has been published annually since 2005. This year, classified information not intended for public disclosure was discovered during the review process for the first time. The F-35 program has faced repeated criticism over budget overruns, delays in engine deliveries, postponed software updates, and premature wear and tear on components.
Coinbase disclosed AI has assisted in writing over 95% of code, doubling the proportion from February; the EU warns the end of the MiCA transition period may exacerbate compliance pressure.
Revolut has received Approval in Principle from the UAE Virtual Assets Regulatory Authority to provide crypto services such as brokerage, investment, and exchange locally.
Securitize partners with Cantor Fitzgerald to develop a blockchain-based IPO framework, enabling tokenized securities issuance within the existing U.S. securities regulatory framework.
Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing eligible institutional clients to earn yields on idle Bitcoin, Ethereum, stablecoins, and other crypto assets directly within Kraken's compliant custody framework. Upshift will build dedicated customized vaults for each client, designed according to their investment strategies, risk parameters, liquidity requirements, and asset portfolios. Assets will be allocated to these non-custodial vaults and subsequently deployed to selected on-chain contracts, with clients' segregated Kraken custody accounts receiving receipt tokens.
: The UK and US governments, through the Future Markets Cross-Atlantic Working Group, have issued a joint position on stablecoins, supporting coordinated rules on reserves, redemption, market access, and cross-border use. The two governments stated that if stablecoins are properly regulated, they can improve payments, settlement, and financial market infrastructure, while supporting the development of private digital currencies under public sector oversight. The UK and US indicated that stablecoins used as currency should be fully backed by high-quality liquid assets at a minimum ratio of 1:1. Reserve assets should be segregated from the issuer’s own funds, with disclosure standards for custody, redemption, and legal rights provided to holders. The two countries also stated they will explore pathways for stablecoins issued in one country to enter the other’s market, and support fair, risk-based access to financial services and markets for legitimate, regulated stablecoin and digital asset providers.
Odaily News on July 14, Bitcoin ETFs recorded net inflows of $181 million, and Ethereum ETFs recorded net inflows of $58.34 million. No outflows were observed for either Bitcoin or Ethereum ETFs on that day. BlackRock's IBIT saw net inflows of $139 million, Fidelity's FBTC posted net inflows of $21.07 million; all net inflows into Ethereum ETFs came from BlackRock's ETHA. HYPE, XRP, and Solana ETFs had no trading activity on the day. Morgan Stanley submitted a proposed amended filing for spot Ethereum and Solana ETFs, with the document covering service providers such as Coinbase Custody and staking provisions. Japanese policymakers are advancing reforms aimed at classifying crypto assets under the Financial Instruments and Exchange Act.
Ostium, a decentralized perpetual exchange, suffered an oracle attack on Wednesday, resulting in losses of approximately 18 million USDC. The attacker submitted false price reports for future dates using compromised oracle signing keys, generating fictitious trading profits and receiving payouts from the Ostium liquidity vault. Ostium stated that it has identified the issue with the OLP vault, has suspended all trading, and the team is currently investigating. Deployed on Arbitrum, Ostium offers perpetual futures trading for real-world assets including stocks, commodities, forex markets, and indices. At the time of the attack, the total value locked (TVL) in the Ostium protocol was approximately $63 million. The attack drained nearly one-third of this liquidity. In the first five months of 2026, DeFi protocols have lost over $840 million to exploits, including $292 million from KelpDAO and $285 million from Drift Protocol.
: India imposes a uniform 30% tax on gains from virtual digital assets, along with an additional 1% tax deducted at source on the transaction amount. Around 54 crypto service providers in the country have registered with the Financial Intelligence Unit, serving 39 million verified users who collectively hold approximately $2.1 billion in assets. The Reserve Bank of India (RBI) has repeatedly stated to parliament its preference for a restrictive policy towards private cryptocurrencies and stablecoins, urging banks to avoid related exposure to protect financial stability. The long-promised crypto bill has yet to be finalized. Meanwhile, Indian government agencies are utilizing permissioned blockchains in non-trading scenarios. AIIMS Delhi uses blockchain to manage teacher recruitment records, the Cotton Corporation of India tracks cotton bales via a blockchain-based identification system, and the aviation regulator DGCA is building a digital service platform linked to blockchain.
perpetual contract DEX Ostium has confirmed an anomaly in its OLP vault. The platform has paused all trading, and the team is currently investigating the issue.
Odaily News: White House senior officials plan to meet with senators to discuss the most difficult remaining parts of the Crypto Clarity Act. The related negotiations involve the compromise arrangements needed for the market structure legislation to advance in the Senate. If the relevant parties reach a compromise, the bill will obtain the conditions to continue moving forward. The original report noted that time remaining to pass the bill within this year is already running out.
According to The Block, tokenization platform Tradable plans to bring up to $1 billion worth of private credit assets onto Stellar. Tradable stated that this move will leverage Stellar's infrastructure advantages in compliance, cross-border settlement, and institutional adoption to facilitate the connection between traditional asset management and blockchain infrastructure.
the US CPI fell 0.4% month-on-month in June, the largest monthly decline since April 2020; the annual rate dropped to 3.5% from 4.2% in May, below the expected 3.8%. Core CPI fell to 2.6%, below expectations, and was flat month-on-month. Major crypto assets rose after the data release, with BTC rising from approximately $62,000 to $64,900, ETH gaining 7% to $1,884, and about $300 million in short positions liquidated. Federal Reserve Chairman Kevin Warsh stated during congressional testimony that the Fed has "zero tolerance" for persistently high inflation; if policy is correct, the inflation surge of the past five years will become a thing of the past. When asked about the CPI data, he said he does not share the view that the "mission is accomplished" and did not provide guidance on the next policy steps.
a fraud review commissioned by the UK government recommends that the Judicial College provide training for all judges and magistrates in England and Wales to address the rise in cases involving AI fraud and money laundering via cryptocurrency. The report argues that the Fraud Act 2006 is generally adequate for handling AI fraud, but the issue lies in the courts' lack of preparedness for adjudicating such cases. It recommends assessing whether the existing "Long and Complex Trials" course should be updated or replaced with specialized modules on fraud and related offenses, and considering mandatory training for judges who may preside over complex fraud cases. The report states that fraud could soon account for half of all crime in England and Wales, with an estimated 4.1 million cases occurring in the year to June 2025, affecting 1 in 14 adults and 1 in 4 businesses. The Financial Ombudsman Service estimates that over half of investment scams now involve crypto assets. The report also references the case of Qian Zhimin, who operated a Ponzi scheme in China, defrauding over 128,000 victims of approximately £5 billion and laundering the proceeds into Bitcoin. This case led to the largest confirmed Bitcoin seizure in UK history, involving over 61,000 BTC. Qian Zhimin was sentenced to 11 years and 8 months in prison at Southwark Crown Court in November.
Musk said X will open source its entire codebase without exception once the security vulnerability review is completed. Additionally, X will invite third-party auditors to verify the actual running system to confirm it is consistent with the public source code.