Crypto Markets & On-Chain Ecosystem Developments

SK Hynix perpetual futures surpassed Ethereum to become the second-highest trading volume asset on decentralized derivatives exchange Hyperliquid as of the 8th at 8:30 AM. The SKHYNIX-USDC perpetual futures product recorded $666.66 million in 24-hour trading volume, narrowly exceeding Ethereum perpe

On July 8, SK Hynix perpetual futures (SKHYNIX-USDC) on HyperLiquid recorded $666.66 million in 24-hour trading volume, surpassing Ethereum to become the exchange's second-largest by trading volume, according to HyperLiquid data. Bitcoin perpetual futures rank first with $2.19 billion, while Ethereu

According to Tom Wan, data lead at Entropy Advisors and former analyst at 21.co, stablecoins on Robinhood Chain surpassed $200 million in total market value today. Ethena is the key driver of this growth, holding approximately $100 million

According to PANews, Wormhole announced on July 8 that Moonbeam network will shut down on July 31, 2026. The platform reminded users to transfer all external assets from Moonbeam before the deadline, as Portal and Wormhole contributors will be unable to help recover stuck assets after that date.

Korean financial conglomerates are forming stablecoin consortiums ahead of regulatory framework approval, while the Bank of Korea (BOK) proposes an alternative 'deposit token' system. Kakao group entities including KakaoTalk, Kakao Bank, and Kakao Pay established a joint task force for won-pegged st

Korean securities firms are actively acquiring stakes in cryptocurrency exchanges, with discussions between Bithumb and Kiwoom Securities bringing all five major Korean won-based exchanges into equity relationships with securities firms or overseas crypto exchanges. Coinone recently secured 160

Ondo Finance launched a pre-alpha version of its perpetual futures platform that allows users to trade with tokenized stocks as collateral. The platform, Ondo Perps, lets eligible traders use tokenized stocks to access perpetual futures tied to commodities such as oil and gold, as well as equities i

According to Yonhapinfomax, Bank of Korea Governor Shin Hyun-song on July 1 proposed a 'Unified Ledger' framework as the blueprint for future monetary systems. The model comprises institutional central bank digital currency, commercial bank deposit tokens, and tokenized assets, intended to

According to Yonhap Infomax, Woori Financial Group voluntarily amended its securities filing on July 6 to disclose a data breach as an investment risk factor. The breach involved 17,551 customer personal information records leaked by an external contractor engaged by its subsidiary Woori Bank for an

According to PANews, on July 6, attackers exploited the Lazy Summer Protocol USDC vault's net asset value (NAV) calculation mechanism in a single atomic transaction, withdrawing approximately $6.04 million in depositor funds. The attack was not caused by contract code flaws but by gaps in vault

According to NEAR Protocol's official announcement on July 8, the platform launched Confidential Intents, making its confidential execution infrastructure available to all developers. Developers and dApps can integrate NEAR's 1Click Swap API to enable confidential trading functionality for users. C

According to Onchain Lens, Pump Fun deposited 68,596 SOL to Kraken early on July 8, valued at approximately $5.65 million.

According to CoinDesk, on-chain tokenized stock trading volume reached $38.6 billion in June, up 145% month-over-month and marking an all-time high. SpaceX's completion of a record $75 billion IPO in June drove the surge, with its tokenized shares accounting for $1.19 billion, or 31% of total tokeni

According to The Block, Payward, the parent company of Kraken, won an arbitration case against audit firm Mazars USA today (July 8) and was awarded $22 million in damages. Mazars had abruptly halted an nearly completed audit of Kraken in 2022 during "Operation Choke Point 2.0", despite confirming in

According to The Block, Strike launched a Bitcoin-backed loan product today (July 8) that prevents forced liquidation as long as borrowers continue making payments, regardless of Bitcoin price declines. The product eliminates loan-to-value (LTV) price triggers; collateral remains safe as long as pay

According to The Block, the U.S. Commodity Futures Trading Commission (CFTC) on July 8 charged Trevor Vernon and his company Argent Capital Management LLC with defrauding approximately 60 investors of $14 million through a fraudulent commodity pool. The pool traded stock index futures options,

According to The Block, Zcash developers are nearing completion of a mathematical proof today (July 8) to confirm that the Ironwood privacy pool contains no undetectable forgery vulnerability like the one disclosed in the Orchard pool last month. The proof completion has boosted ZEC to $483.45,

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) updated its agenda on July 8 to propose new cryptocurrency rules as early as this month. The rules will establish a temporary registration exemption for developers launching crypto investment contracts, allowing fundraising up

According to The Block, on July 8, Ondo Finance announced that its perpetual futures trading platform now allows users to utilize tokenized stocks as collateral. The service is available to Ondo Perps Pre-Alpha users and supports tokenized versions of commodities such as oil and gold, as well as sto

Malaysia-based blockchain infrastructure company Zetrix AI Berhad signed a preliminary memorandum of understanding (MOU) on July 7 with the Philippines' Department of Information and Communications Technology, together with subsidiary Zetrix Philippines Inc and MIMOS Berhad's joint venture My