Crypto Markets & On-Chain Ecosystem Developments

According to BlockBeats, on July 6, Pendle's funding rate trading platform Boros surpassed $200 billion in notional trading volume less than a year after launch. The platform now hosts over 170 different expiration date markets, serving as a hub for institutional and retail participants to trade, he

According to Lookonchain, an address lost $11.6 million betting on the World Cup over the past 10 days, with only a 26.7% win rate across 15 bets. The address suffered losses on 11 out of 15 wagers, with a single bet losing nearly $5 million.

Coinspect Security disclosed on July 6 that a wallet generation vulnerability named "Ill Bloom" is being actively exploited by attackers, rooted in an insecure pseudo-random number generator used in the recovery phrase generation process, resulting in lower-than-expected encryption strength of the mnemonic phrase, allowing attackers to control affected wallets and steal funds. The first known on-chain evidence of exploitation dates back to May 27, with total losses exceeding $5 million. Ill Bloo

South Korea's National Assembly Finance Committee Chairman Yoo Dong-soo stated on the 6th that virtual asset legislation must be addressed as a priority issue. During the committee's full meeting, Yoo declared that the Digital Asset Basic Act and related regulatory matters require deep examination a

Bitcoin miners held 1,802,814 BTC as of July 5 at 2 PM, while the network's hashrate fell to a two-week low of 933,560,256 TH/s on the same date, according to data from CryptoQuant and Blockchain.com. The hashrate decline of approximately 65,651,082 TH/s week-over-week marked the lowest level

On July 6, Democratic Party Policy Committee Chair Ryu Dong-soo said digital asset legislation should be treated as a priority issue requiring deeper discussion. During the committee's first full session of the latter half, Ryu stated that the Digital Asset Basic Law, capital market volatility,

According to Foresight News, the Hong Kong Securities and Futures Professionals Association (HKSFPA) met with regulators on July 3 to discuss virtual asset platforms' operational challenges. Participants included the Securities and Futures Commission's intermediaries department, along with

According to Foresight News, Bitcoin spot ETFs recorded net outflows of $527 million during the trading week ending July 2, continuing their eighth consecutive week of withdrawals, per SoSoValue data. BlackRock's IBIT led outflows with $773 million in weekly net redemptions, while Grayscale's GBTC s

According to Dragonfly managing partner Haseeb Qureshi, Venice is a centralized company, and its VVV token does not represent ownership or equity. Instead, VVV holders can stake tokens to mint DIEM and gain access to Venice's inference computing power, plus benefits from products like Venice Pro.

The Hong Kong Securities and Futures Professionals Association (HKSFPA) stated on July 6 that after a meeting with regulatory representatives including Joseph Chan, Under Secretary for Financial Services and the Treasury, and Keith Yip, Executive Director of the Intermediaries Division of the Securities and Futures Commission (SFC), the SFC pledged to advance the separation of the "Certified Virtual Asset Professional" (CVAP) examination and its course, optimize study materials, and lower examin

According to SoSoValue data, Ethereum spot ETFs saw net outflows of $13.67 million in the week ended July 3 (U.S. Eastern Time), marking the eighth consecutive week of net outflows. BlackRock's ETHA recorded the largest inflows at $44.65 million for the week, bringing its cumulative net inflows to $

According to SoSoValue, Solana spot ETFs saw net inflows of $57.467 million during the week of June 28–July 2. Bitwise's SOL ETF (BSOL) led with $8.324 million in weekly inflows, bringing its historical cumulative inflows to $898 million. Fidelity's SOL ETF (FSOL) recorded $892,100 in weekly inflows

According to SoSoValue data, Bitcoin spot ETFs experienced net outflows of $527 million during the trading week ended July 2, marking the eighth consecutive week of withdrawals. BlackRock's IBIT led outflows with $773 million in

According to SoSoValue data, XRP spot ETFs recorded net inflows of $17.19 million this week (June 28 to July 2). Bitwise ETF XRP led with $7.919 million in weekly inflows, bringing its historical total inflows to $501 million. Canary ETF XRPC followed with $6.3886 million in weekly inflows,

According to PANews citing SoSoValue data, HYPE spot ETFs recorded net inflows of $4.32 million during the week of June 28 to July 2. Bitwise ETF BHYP led with $7.33 million in weekly net inflows, bringing its cumulative net inflows to $124 million. In contrast, 21Shares ETF THYP saw $3.01 million i

According to BlockBeats, on July 6, BNK Busan Bank completed a proof-of-concept (PoC) for Korean won stablecoin infrastructure on Kaia Chain. The trial, conducted in collaboration with K-STAR Alliance partners AhnLab Blockchain Company, Lambda256, and Open Asset, demonstrated 100% transaction

UK Reform Party leader Nigel Farage has been exposed by a Sunday Times investigation for failing to disclose financial support including security, chauffeur, social media staff, and accommodation provided by George Cottrell in the year before being elected as an MP in 2024, in violation of UK House of Commons disclosure rules. Cottrell is a key figure in Tether.bet, an offshore cryptocurrency betting company that accepts large wagers in USDT. George Cottrell's Criminal Record and Tether.bet Conn

According to BlockBeats, LIT (Lighter) surged to $2.7 on July 6, rebounding 2.5 times from its low of $0.77 and rising 22% in the past 24 hours, following the token's major economic model adjustment announced recently. The protocol revealed that future token buybacks through trading platform

Gate News, July 6 – According to Gate market data, as of press time, NAKA (Nakamoto Games) is currently priced at $0.03331, up 42.35% in 24 hours, with a high of $0.05677 and a low of $0.02421. The current market cap is approximately $2.16 million. Nakamoto Games is a vast, multifaceted Web3 gaming infrastructure platform dedicated to redefining the Web3 gaming landscape. The NAKA token serves as the core of the ecosystem, not only necessary for utility access and ecosystem participation but als

A consortium of over 140 global financial and big tech companies launched the Open USD (OUSD) stablecoin on May 30 (local time), triggering a 17.5% single-day drop in Circle's stock price. The new stablecoin introduced a revenue-sharing model that distributes reserve asset interest income to