South Korea’s KOSPI index fell 8.95% on July 13 after an intraday circuit breaker was triggered, with chipmaker SK Hynix dropping more than 15%. The market shock has raised concerns that a wider risk-off move could spread into US equities and crypto assets already facing pressure from geopolitical tensions and weaker sentiment. KOSPI Crash Sends…
Hedera-based lending protocol Bonzo Lend has locked withdrawals after an oracle verifier accepted a proof containing a zeroed signature and public key, allowing a wallet to borrow $9.05 million against 250 SAUCE. Bonzo Lend and Bonzo Points remained paused as of July 13, while the protocol’s official status page listed Bonzo Lend and all affected…
Japanese investment bank Mizuho reiterated its neutral rating on Circle, saying OCC approval for a national trust bank doesn’t address slowing USDC growth or rising competition.
Analysts point to bitcoin’s resilience amid fresh U.S.-Iran escalation and renewed spot ETF inflows as the clearest signs yet that the marginal seller has stepped away.
The Justice Department plans to end its criminal case against Matthew Goettsche, who prosecutors accuse of helping run the BitClub Network fraud scheme, before an October trial. Bloomberg Law, citing two people familiar with the matter, said the deputy attorney general’s office instructed prosecutors in New Jersey to seek a dismissal with prejudice. It also…
Strategy now has more than 20 months of coverage for preferred-stock dividends and debt interest.
Robinhood Chain has pulled in $135 million of value and 800,000 addresses since July 1. Almost none of it is doing what the chain was built for.
Crypto usage has spiked in the country, with transaction volumes hitting $430 million in the year after the central bank removed restrictions in mid-2024.
Binance reportedly saw a significant increase in futures trading volume last month, with figures suggesting an 80% jump from May’s volume and marking a high point for the year. This increase occurred while crypto spot markets were running at their weakest pace in two years. CryptoQuant analyst commentary noted the surge arrives while Bitcoin’s price…
Adjusted stablecoin transaction volume reached a record $1.79 trillion in June, according to Visa Onchain Analytics, up 63% from May’s $1.10 trillion and 125% higher than a year earlier. Across the same four weeks, the total pool of stablecoins in circulation shrank by $7.7 billion, the largest monthly dollar decline since the TerraUSD collapse in…