Crypto Markets & On-Chain Ecosystem Developments

A trader lost $1 million today (July 9) after signing a phishing token approval. Approval phishing remains a primary attack vector used by onchain scammers to drain user wallets without directly accessing private

According to Onchain Lens, a newly created wallet withdrew 500 BTC (worth $31.15 million) from Binance today.

The U.S. Department of Justice warned prosecutors to expect reduced voluntary cooperation from Binance in crypto-related investigations starting June 8, according to reporting by The Information. The DOJ memo stated that Binance would end courtesy account freezes and require prosecutors to use forma

Robinhood Chain, the Layer 2 blockchain being built by Robinhood, surpassed $200 million in total value locked (TVL) on the 8th, according to data from on-chain analytics firm Entropy Advisors published on Dune Analytics. The TVL reached $213.93 million, driven by rapid liquidity inflows primarily f

According to ChainCatcher, the U.S. CLARITY Act (Digital Asset Market Structure and Investor Protection Act) advanced to the next stage of legislation on July 4, 2026. WasabiCard CEO Ray Yang noted that regulatory clarity is essential for enterprise adoption: "Businesses can adapt to strict

According to The Information, on June 8, the U.S. Department of Justice told prosecutors that Binance would reduce voluntary cooperation on crypto cases and end "courtesy" account freezes, instead requiring formal Mutual Legal Assistance Treaty (MLAT) channels for freezes and seizures. Binance

According to Entropy Advisors, Robinhood Chain's total value locked (TVL) surpassed $213.93 million as of July 8, with the layer-2 blockchain's ecosystem showing rapid liquidity inflows since early July. Morpho leads with $77.78 million (36.4% of TVL), followed by Ethena with $59.30 million (27.7%),

According to Foresight News, Re decentralized reinsurance protocol repurchased and burned approximately 677,906 reUSDe in recent weeks at a 4% discount to NAV (net asset value). The buyback represents 4.7% of reUSDe total supply. The approximately $44,900 in value captured through the discounted rep

Bitcoin held key support despite geopolitical tensions and Strategy’s recent Bitcoin sale. Spot Bitcoin ETFs recorded two consecutive days of inflows, signaling renewed institutional demand. Analysts say Bitcoin’s resilience strengthens the near-term outlook as selling pressure fades. Bi

According to Cointelegraph on July 9, blockchain security experts warn that artificial intelligence is shortening the effective lifespan of smart contract audits, requiring continuous review instead of one-time assessments. TRM Labs policy head Ari Redbord stated that attack techniques are

According to BlockBeats, SKHX contracts on crypto markets traded $3.668 billion in the past trading session on July 9, equivalent to 38% of the same-day Korean stock trading volume ($9.64 billion). The development underscores crypto markets as the second-largest trading venue for the Hynix ADR

Payward, the parent company of crypto exchange Kraken, has asked the Delaware Court of Chancery to enter final judgment against Mazars USA after an arbitrator awarded the company $22 million. The dispute stems from Mazars' decision to withdraw from Kraken's nearly completed 2022 audit in

According to TAC and Foresight News, TAC token price declined 91% in the past 24 hours, falling from $0.05 to $0.0045. The protocol stated that the collapse was triggered by a large perpetual contract selling order, which subsequently cascaded into liquidations in the perpetual futures market and

According to Foresight News, Zerion, a Web3 wallet application, announced today that it will prioritize resources to provide enhanced trading experience on Robinhood Chain and support developers building on the

On July 9, MINIMAX stock fell 20% on its first day of unlocking, reaching 290 Hong Kong dollars, according to Bitget data. The company's market capitalization retreated to HK$9.1 billion.

Cybersecurity researchers at Source Defense identified a large-scale digital skimming campaign using Ethereum blockchain as command-and-control infrastructure. Attackers leverage Ethereum smart contracts to manage malicious infrastructure instead of conventional hosting providers, allowing rapid

Crypto exchange AscendEX announced on July 6 that it shut down operations effective July 1, citing regulatory pressures and financial challenges. The exchange stated the decision stemmed from the full implementation of the European Union's MiCA regulations on July 1, for which AscendEX does not

Japanese financial giant SBI Holdings' cryptocurrency exchange SBI VC Trade announced on July 9 that the number of registered accounts on the platform has officially surpassed 2 million, doubling from 1 million in 2025. SBI VC Trade stated that most of the growth momentum comes from corporate demand—as the Japanese yen continues to weaken, Japanese companies are reallocating reserves into digital assets such as Bitcoin and XRP through institutional platforms. SBI VC Trade Milestone of 2 Million

Sony Financial Group, a subsidiary of Sony Group, has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank in the United States; its subsidiary Connectia Trust will be founded in July with a capital of $40 million, planning to launch issuance and management services for USD-pegged stablecoins by 2027. Sony stated that establishing this trust bank is to prepare for the commercialization of USD-denominated stablecoin issuance and