Uk Jin

400 Billion Stolen BONK Tokens Moved to Coinbase as Memecoin Slides 8%

BONK fell 8% in intraday trading after more tokens stolen through an abuse of BonkDAO governance were moved to Coinbase, adding to selling pressure. On-chain analyst EmberCN said on July 18 that the attacker transferred 400 billion BONK to Coinbase t

Iran Halts MOU Obligations, Citing US Breach, Deputy Foreign Minister Says

Iran has suspended its obligations under a memorandum of understanding with the US, accusing Washington of violating the pact. Kazem Gharibabadi, Iran’s deputy foreign minister, said the US had breached its obligations under the Islamabad memorandum

Kaspersky Identifies New 'OkoBot' Malware Targeting Digital-Asset Investors

A new malware strain targeting digital-asset investors has been discovered that steals wallet information and browser data. The malware is known as OkoBot. Cointelegraph reported on July 18 that cybersecurity firm Kaspersky had identified a malware f

Former House Financial Services Chair McHenry Says CLARITY Act Is Regulatory Overhaul on Par With 1996 Telecom Law

Former U.S. House Financial Services Committee Chairman Patrick McHenry said the CLARITY Act would bring a regulatory overhaul comparable to the innovation unleashed by the 1996 Telecommunications Act. He argued the bill must pass if the U.S. is to r

Tether Launches Browser-Based ‘Web Playground’ for Wallet Kit

Tether has launched a feature that lets users try basic digital-asset wallet functions directly in a web browser. Paolo Ardoino, Tether’s chief executive officer, wrote on X on July 18 that the company’s Wallet Development Kit, or WDK, now includes a

Bitcoin Whales Absorb Retail Selling, CryptoQuant Says

Whale investors are absorbing Bitcoin being sold by retail traders as individual investors continue to cut their holdings, according to a CryptoQuant analysis. BlockBeats reported on July 18 that CryptoQuant said in a report that Bitcoin demand is de

Three Jailed in UK for Posing as Police to Steal $5.3 Million in Digital Assets

Three people have been sentenced to prison in the UK for posing as police officers to steal about $5.3 million, or 4 million pounds, in digital assets. Decrypt reported on July 18 that UK police said the trio stole digital assets from eight victims b

Trezor CCO Rebuts ZachXBT, Says Hardware Wallets Are Best Option for Self-Custody

Trezor pushed back after prominent digital-asset sleuth ZachXBT recently criticized hardware wallets. The Block reported on July 18 that Danny Sanders, Trezor's chief commercial officer, said in an interview that hardware wallets are admittedly somew

Hyperliquid Founder Says Digital-Asset Industry Must Do More to Win Top Talent

The digital-asset industry's biggest challenge is its failure to attract strong talent, Odaily reported on July 18. Jeff Yan, founder of Hyperliquid (HYPE), said one of the biggest issues facing the digital-asset and fintech industries is that they a

Pump.fun Becomes Solana Overhang as SOL Selling Continues

Pump.fun, the memecoin launchpad that helped support the Solana ecosystem, is emerging as a drag on the broader network after selling large amounts of Solana tokens. The project appears to be raising cash through SOL sales as protocol revenue shrinks

1inch, Dune Find 85% of DEX Liquidity Is Used Inefficiently

1inch Network said July 17 that a joint study with Dune Analytics found about 85% of liquidity supplied to decentralized exchanges is not being used efficiently. The study covered Uniswap v3 and v4, PancakeSwap v3 and Aerodrome. The analysis showed a

Robinhood’s Chain Debut Sets Up Direct Challenge to Coinbase in US Crypto Market

Coinbase and Robinhood are emerging as fierce rivals in the U.S. digital-asset market. Both support cryptocurrency trading, but they came from different starting points. Coinbase grew into a leading exchange focused on cryptocurrencies such as Bitcoi

White House Weighs Joining Final CLARITY Act Talks

US lawmakers are entering final-stage negotiations on the CLARITY Act. With July and August effectively the deadline for passing the bill, senior White House officials may join the talks directly. CoinDesk reported on July 15, citing people familiar

OpenUSD Could Threaten Circle by Shaking Up Its Revenue Model

A stablecoin project being developed by major US financial companies could disrupt Circle’s revenue structure, according to a CoinShares analysis. CoinShares said in a report cited by CoinDesk on July 15 that OpenUSD, or OUSD, could directly affect C

Tradable Plans to Shift Up to $1 Billion of Tokenized Private Credit to Stellar

Tradable, a real-world asset tokenization platform, plans to shift as much as $1 billion of private credit assets to the Stellar (XLM) blockchain. The Block reported on July 15 that the company plans to tokenize up to $1 billion of private credit ass

EU AMLA Says Full MiCA Rollout Could Raise Crypto Money-Laundering Risks

The European Union’s full implementation of its Markets in Crypto-Assets regulation, or MiCA, could heighten anti-money laundering risks in the digital-asset industry, the bloc’s anti-money laundering authority said. Bruna Szego, chair of the Anti-Mo

Balchunas Says DTCC Tokenization Project Uses Hyperledger Besu, Canton Network

Hyperledger Besu and the Canton Network were used in the Depository Trust & Clearing Corp.'s latest tokenization project, Bloomberg ETF analyst Eric Balchunas said on July 15. The project was carried out on Hyperledger Besu, DTCC's private network, a

Bitcoin Tops $65,000

DTCC Starts Tokenization Project for Microsoft, SPY, US Treasuries With BlackRock, JPMorgan

The Depository Trust & Clearing Corp. is starting a project to tokenize financial assets including Microsoft, the S&P 500 and US Treasuries. The Wall Street Journal reported on July 15 that DTCC is working with about 40 financial institutions, includ

US June PPI Falls 0.3% From Prior Month, Below Forecast

U.S. producer prices fell more than expected in June. The U.S. Department of Labor said on July 15 that the producer price index fell 0.3% from the previous month, below market forecasts for no change. Producer prices are considered a leading indicat

Lummis Says Clarity Act Must Not Be Written to Target Trump

Sen. Cynthia Lummis said the Clarity Act, a US bill to establish a market structure for digital assets, should not be written to target any specific individual. The remarks come as Democrats push to include public-official ethics provisions in the le

Musk Says X Will Open-Source Entire Codebase

Elon Musk, chief executive officer of X and Tesla, said X will make its entire codebase open source. In a post on X on July 15, Musk wrote that the company will release its full codebase without exception once it completes a review of security vulner

STABLE Launches Global Tether Transfer App StablePay

STABLE, a blockchain dedicated to Tether's USDT, said July 15 that it launched StablePay, an application for Tether transfers. StablePay is available on Apple's App Store and Google Play. The mobile app is designed to let users send and receive Tethe

Bitcoin Long-Term Holders Near End of Profit-Taking Phase, Galaxy Digital Says

Large-scale selling by long-term Bitcoin holders appears to be nearing an end, according to a July 15 analysis. Alex Thorn, Galaxy Digital's head of research, wrote on X that "2024 and 2025 saw massive amounts of older Bitcoin move on-chain, on a sca

Czech Republic Adds Polymarket to List of Unlicensed Gambling Sites

The Czech government has classified decentralized prediction-market platform Polymarket as an unlicensed online gambling site and is moving to block access to the platform. Cointelegraph reported on July 15 that the Czech Finance Ministry added Polym

South Korea Needs to Close Kimchi Premium, Build Futures Market Before Spot Crypto ETF Launch

As major financial centers including the US, Hong Kong and Japan have launched or are preparing to launch spot digital-asset exchange-traded funds, a new report sets out the steps South Korea must take before allowing similar products. A study on int

BlackRock Assets Under Management Top $15 Trillion for First Time

BlackRock’s assets under management surpassed $15 trillion for the first time. The world’s largest asset manager said on July 15 that net inflows totaled $192 billion in the second quarter, pushing total assets under management above $15 trillion, Bl

LayerZero Denies Hack Claim, Says User Funds Are Safe

A large transfer from LayerZero's protocol operations wallet was a routine internal rebalancing, not a hack, the company said. It added that no user funds were affected. LayerZero wrote on X on July 15 that the transfer "was not an attack, but a norm

FSC Designates BOK's Project Hangang Phase 2 as Innovative Financial Service

The Bank of Korea's central bank digital currency, or CBDC, deposit-token project, Project Hangang, will proceed to a second phase of testing. The new stage expands the pool of participating banks and users, and adds wallet-to-wallet transfers and a

LayerZero Team Suspects $2.1 Million Hack

Signs have emerged that an Executor wallet used to operate the LayerZero (ZRO) protocol was hacked. On-chain analyst Specter wrote on X on July 15 that the LayerZero Executor wallet appears to have been compromised, with about $2.1 million of assets