Crypto Markets & On-Chain Ecosystem Developments

According to CryptoQuant analyst Darkfost, Bitcoin short-term holders have posted consecutive losses for nine months as of July 23, a characteristic pattern of bear markets. The cohort's cost basis stands at $68,800, with the group currently realizing approximately 4% losses as BTC attempts to hold

According to Odaily, Robinhood's GME meme coin surged to $15 million market cap in 24 hours, up over 2,200x, as reported by GMGN market data. The token is currently trading at $12.55 million.

According to the Financial Commission, South Korea will submit the second-phase legislative bill for the Digital Assets Basic Law and establish a separate regulatory framework for digital asset custody services. The commission said it will adopt a cautious approach to mandatory exchange custody

According to ChainCatcher data from GMGN, FEFER, a meme token on the Stable chain, surged over 140% in 24 hours on July 23, breaking an $8.8 million market cap. The token was trading at $7.5 million at the time of

Seoul Southern District Court sentenced crypto influencer Park, known as 'EtherFather', to four years in prison for fraudulent trading under the Virtual Asset User Protection Act. Accomplice A received a 2.5-year sentence while accomplice B was given a three-year suspended sentence. The trio was

Seoul Southern District Court sentenced Park Mo-seo, known as 'EtherFather,' to four years imprisonment on fraud charges under South Korea's Act on Protection of Virtual Asset Users. Co-defendant A received 2.5 years, while co-defendant B received a 5-year suspended sentence. The three launched

Coinbase published a postmortem on July 21 identifying the software error behind a 50-minute outage on July 14 that prevented customers from completing transfers, making Coinbase Card purchases, and accessing onchain services. The disruption was caused by an undetected Kubernetes resource name

Japan is moving closer to approving its first Bitcoin exchange traded fund, with a potential launch targeted for 2028 as regulators work to reshape the country’s digital asset framework. The reported timeline reflects a broader effort to integrate cryptocurrencies into Japan’s traditional

Mirae Asset Consulting, an affiliate of Mirae Asset Financial Group, completed its acquisition of South Korean crypto exchange Korbit after finishing required regulatory procedures, the exchange announced Thursday. Mirae Asset filed a revised regulatory filing Tuesday to purchase additional Korbit shares worth $5.32 million, increasing its ownership from 92.06% to 97.15%, with the additional deal planned for completion Friday. The Fair Trade Commission, South Korea's antitrust watchdog, approved

According to Korbit's official announcement, Mirae Asset has completed its acquisition of the South Korean crypto exchange on Thursday and increased its ownership stake from 92% to 97% by purchasing an additional $5.32 million in shares. The exchange confirmed that its operating entity, user

According to Lookonchain, the crypto industry experienced 3 security incidents today (July 23), resulting in cumulative losses of approximately $35.55 million. AFX Trade suffered the largest loss of $24.15 million, followed by Verus' Ethereum cross-chain bridge with $7.55 million in damages, and

According to Odaily, Bankr launched a Stock Paired Tokens feature today that converts Meme trading volume into stock trading volume. The mechanism allocates trading fees to accumulate corresponding stock assets. Users can now deploy stock paired

According to Bankr's announcement on X, the platform launched Stock Paired Tokens, a feature that converts meme trading volume into stock liquidity. The mechanism allocates trading fees to accumulate corresponding stock assets. Users can now deploy Stock Paired Tokens on Bankr and view real-time

According to ChainCatcher and GMGN data, Robinhood-based Meme coin GME market cap surged past $7.7 million overnight on July 23, up 1,400% in 24 hours, now trading at $7.38 million.

According to Digital Asset, a South Korean court will issue its first ruling on August 27 in Bithumb's Bitcoin misallocation case involving four users. The users allegedly sold the mistakenly received BTC and are holding approximately 194 million Korean won in proceeds. Bithumb filed unjust

A cross-chain bridge operated by decentralized finance protocol AFX suffered a major security breach after an attacker drained approximately $24.15 million in USDC, marking one of the largest crypto exploits recorded this month. The incident occurred on July 22 and was detected by blockchain securi

KG Inicis attended the launch ceremony of the deposit token payment infrastructure expansion project organized by the Korea Internet & Security Agency (KISA) on the 23rd and began construction of a digital currency payment network. The project is a core task of Phase 2 of the Bank of Korea's

KB Kookmin Bank was selected as a participant in the 'Deposit Token-Based Payment Infrastructure Expansion Project' under the 'Blockchain Innovation Leading Project' promoted by South Korea's Ministry of Science and ICT and the Korea Internet & Security Agency (KISA), according to an announcement on

According to KB Kookmin Bank, the bank was selected on July 23 as a participant in the Korean government's 'Blockchain Innovation Leading Project' deposit token payment infrastructure expansion initiative. KB Kookmin Bank will partner with payment processors and VAN providers to build payment infras

According to KG Inicis, the company today launched the 'Expanded Deposit Token Payment Infrastructure Project' under the Korea Internet & Security Agency (KISA) as part of the Bank of Korea's Phase 2 digital currency initiative. The company will build a core application programming interface (API) t