Crypto Markets & On-Chain Ecosystem Developments

Vanguard is hiring a head of digital assets for its Personal Wealth division, marking a strategic shift for the $12 trillion asset manager after years of maintaining one of Wall Street's most cautious public stances on cryptocurrency. The role calls for an executive to lead the firm's digital asset

On July 8, 2026, from 08:15 to 08:30 (UTC), BTC plummeted 1.18% within 15 minutes, dropping from $62,851.0 to $62,080.3, with a volatility of 1.23%. This sharp decline occurred as Bitcoin approached a critical technical support level, amid persistent weak market buying interest and increased volatility. The main driver behind this movement is the continued net outflow from spot Bitcoin ETFs. In June 2026, ETF net outflows reached approximately $4.06 billion, marking the worst month on record, su

According to Coinglass data cited by ChainCatcher, $391 million in crypto futures positions were liquidated in the past 24 hours on July 8, with long liquidations accounting for $287 million and short liquidations $104 million. The liquidations affected 131,611 traders, with the largest single posit

According to CryptoQuant analyst Axel Adler Jr., stablecoin market inflows have fallen from a $3.2 billion monthly average to $2.65 billion since mid-May, representing a 31% decline below the annual average of $3.86 billion. Combined USDT and USDC market value is shrinking by over $3 billion monthly

Gate News bot reports that Gate's market data shows BTC has fallen below 62,000 USDT, currently priced at 61,968.8 USDT.

From 08:15 to 08:30 (UTC) on July 8, 2026, ETH sharply declined by 1.50% within 15 minutes, with the price ranging from $1,731.25 to $1,757.97 USDT, an amplitude of 1.52%. The decline occurred after failing to test key technical resistance levels, with market volatility intensifying and bearish sentiment prevailing. The main driver of this move was the failure to break through technical resistance. On July 6, ETH attempted to surpass the combined resistance zone formed by the $1,803.65 (Supertre

According to Reuters, today India's central bank reiterated its support for a crypto ban, while the tax authority warned that offshore exchange transactions are difficult to track. The documents reveal that despite the absence of formal policy, major Indian government agencies lean toward stricter r

According to BlockBeats, on July 8, a whale address (0x1cb) holding 1,805 SKHX long positions on Hyperliquid at 10x leverage faces significant liquidation risk. The position, valued at approximately $2.51 million with an average entry price of $1,410, is currently down 14.61% (−$37,200) as SKHX

Bank of Korea (BOK) lawyers proposed a regulatory framework requiring stablecoin peer-to-peer wallet transactions exceeding $10,000 to occur only between 'certified wallets,' according to an academic paper published on the 8th in the Korea Citation Index (KCI). The paper, authored by BOK lawyer

According to Straight News, Mirae Asset's Hong Kong unit plans to launch a tokenized asset trading platform within three years, converting investment and traditional financial assets into tokens for client trading. The company recently expanded its business through the newly launched MAPS (Mirae Ass

According to a paper published on July 8 in the Korean academic journal 은행법연구 (Banking Law Review), Bank of Korea lawyers Choi Ji-young and Park Jun-young propose that stablecoin transactions between individuals exceeding $10,000 should only be permitted between verified wallets. The proposal

The European Securities and Markets Authority published its latest Markets in Crypto-Assets register update on July 3, showing 280 authorized crypto-asset service providers across the European Union but zero registered issuers of asset-referenced tokens. The update added 37 newly authorized CASPs sh

According to ESMA's July 3 Markets in Crypto-Assets register update, the European Union now has 280 authorized crypto-asset service providers but zero registered asset-referenced token issuers, marking an uneven rollout of Europe's digital asset rulebook. The update added 37 newly authorized CASPs f

Margin Trade expanded its multi-asset trading platform with perpetual and spot markets for artificial intelligence company stocks, commodities, and digital assets. The Solana-native platform announced the addition of tokenized perpetual markets including NVIDIA, Tesla, Microsoft, Alphabet, Micron,

According to Foresight News, YGG Play, the Web3 gaming division of YGG, announced a shutdown schedule on July 8. Starting July 9 at 3 p.m. Singapore time, purchase functions and platform-wide tasks will cease for "LOL Land" and "Waifu Sweeper," with the entire platform closing on July 31. The

According to Foresight News, decentralized data network Vana has acquired the Base ecosystem's open data protocol Memory Protocol team. Jack Spallone, Memory's lead, has joined Vana to lead technical integration, with acquisition terms not disclosed. Vana's upgraded application is now available

According to PANews and on-chain analyst Ash, Hyperliquid Labs transferred 452,000 HYPE tokens (approximately $32.32 million) in the early morning of July 8. HYPE declined 5% today following the transfer.

The U.S. Securities and Exchange Commission released its 2026 Regulatory Agenda on July 7, with Chairman Paul S. Atkins announcing a crypto safe harbor proposal expected as early as July 2026. The proposal aims to establish regulatory exemptions for decentralized finance protocols and tokenized

According to the SEC's 2026 Regulatory Agenda announced July 7, the agency plans to introduce a comprehensive crypto safe harbor proposal in July 2026. The initiative aims to grant broad regulatory exemptions and protections for decentralized finance (DeFi) protocols and tokenized securities,

According to Santiment data reported by Cointelegraph, Bitcoin and Ethereum exchange supplies reached near-historic lows on July 8. Bitcoin exchange supplies hit their lowest level since 2017, while Ethereum supplies reached their lowest since 2015.