Crypto Markets & On-Chain Ecosystem Developments

South Korea's National Assembly Finance and Economy Planning Committee stated on the 29th that abolishing digital asset taxation requires careful review. Senior Expert Choi Byung-kwon made the statement in a review report on an Income Tax Act amendment, citing concerns that reversing the

The Digital Asset Exchange Alliance (DAXA) held a briefing on May 28 at Dream Plus Gangnam in Seoul for non-KRW digital asset exchanges regarding the Telecommunications Fraud Damage Refund Act. The session aimed to prepare exchanges for the law's implementation on October 1. The revised law

According to Trade.xyz, on July 27 at 23:01 UTC, the SKHYNIX mark price on Hyperliquid-based perpetual futures plummeted from $1,127.9 to $917.25, triggering forced liquidations of long positions worth approximately $179,830 within one hour. The price decline was driven by an executed trade

According to expert Choi Byung-kwon, chief of South Korea's National Assembly Finance Committee, on July 29, the committee urged "careful examination" of a proposal to abolish cryptocurrency income taxation. The recommendation came as the committee reviewed a bill originally introduced by ruling

According to DAXA, the Digital Asset Exchange Association held a briefing session for non-KRW-based exchanges on July 28 to prepare for South Korea's Telecommunications Fraud Victim Refund Law, which takes effect on October 1. The new law expands compensation coverage to virtual assets and

On Monday, 44 U.S. state attorneys general, led by Ohio Attorney General Andy Wilson, sent a letter to the Commodity Futures Trading Commission (CFTC) opposing its authority to regulate sports-related event contracts on prediction market platforms. The letter was submitted as the CFTC's public

According to Lookonchain, whale 0xEbE1 has accumulated over $10 million in unrealized profits on SKHX short positions and earned $1.23 million in funding fee income as of today (July 29).

According to BlockBeats, on July 29, DRW CEO Don Wilson clarified that perpetual futures are fundamentally futures contracts without expiration dates, not a separate instrument category. Features often attributed to perpetual futures—such as high leverage, 24/7 trading, and automated liquidations—ar

According to Cointelegraph, U.S. Senators Ruben Gallego and Thom Tillis are finalizing a bipartisan ethics counter-proposal to the CLARITY Act and plan to submit it to the White House within days.

The International Monetary Fund (IMF) said in its July report on stability assessments of Brazil’s financial system that since 2017, the use of cryptocurrencies—especially stablecoins—has been growing steadily and has now surpassed traditional channels to become the main way for cross-border funds to flow into and out of Brazil. At the same time, Argentina’s BIND Group and the Peterson Group are rolling out a peso stablecoin via subsidiaries, bypassing Argentina’s central bank ban since May 2022

Gate News: Message, July 29. According to Gate market data, as of the time of publication, FLT (Fluence) is trading at $0.00182. In the past 24 hours, it has risen 56.57%, reaching a high of $0.0026 and falling to a low of $0.0011. The 24-hour trading volume is $290.3k. The current market cap is approximately $614.4k. Fluence is the first decentralized “cloudless” computing platform, providing users facing large-scale internet cloud monopolies with an open alternative. Fluence is 80% cheaper tha

According to Gemini co-founder Cameron Winklevoss, the artificial intelligence trading boom is cooling as large amounts of capital seek more stable investment allocations. He suggested that funds may reflow toward Bitcoin and Zcash, as investors look for relatively safer cryptocurrency positions

Zcash’s Tachyon project was announced on July 29. It completed formal verification of the Ironwood shielding pool and released a machine-verified proof containing more than 2,700 theorems written in the Lean programming language. The verification establishes a security property called “Balance Integrity,” effectively ruling out the possibility of an undetectable forgery vulnerability existing in Ironwood under its established cryptographic assumptions. Tachyon Project Formal Verification Complet

According to Coinglass data, whales on Hyperliquid currently hold $5.098 billion in positions with a long-to-short ratio of 0.97. Long positions account for $2.508 billion with unrealized losses of $133

JPMorgan, Bank of America, Citigroup, and Wells Fargo plan to launch a shared tokenized deposit network in the first half of 2027.

According to reporting by Myanmar’s official media outlet, the Global New Light of Myanmar (GNLM), the Union Parliament (Pyidaungsu Hluttaw) on July 28 has fully approved the anti-cybercrime law. The law provides for 10 years to life imprisonment for cryptocurrency scams and for operating online scam centers. For offenses that use violence, torture, unlawful arrest, or detention to force others to participate in cyber scams, the punishment can be 10 years to life imprisonment or the death penalt

Gate News, July 29. According to Gate market data, as of the time of publication, POOLX (Poolz Finance) is trading at $0.09876. It is up 76.27% over the past 24 hours, reaching a high of $0.11497 and dropping to a low of $0.05767. The 24-hour trading volume is $906.99. The current market cap is approximately $542,000. Poolz is a fully decentralized exchange protocol that lets startups and project owners auction their tokens to bootstrap liquidity. As the blockchain crypto community moves toward

According to The Defiant, over the past week, Robinhood Chain's tokenized stock DEX trading volume averaged $29.7 million daily, exceeding the combined volume of Solana's xStocks ($11.1 million) and Backpack's Sunrise ($13.4 million). Tokenized Nvidia led