24/7 Blockchain industry dynamics and breaking crypto news
Tanzania's central bank is developing a regulatory framework for cryptocurrencies and stablecoins to combat money laundering, terrorist financing risks, and protect investors, especially the youth. This move expands the country's oversight of digital financial services.
Read MoreSouth Korea's Financial Services Commission has proposed revised rules to include crypto assets transferred by telecom fraudsters in victim compensation schemes. The draft specifies refund methods and valuation standards for cryptocurrencies, aiming for faster and fairer settlements in complex cases. The regulations are set to take effect on October 1.
Read MoreGlacis Labs, an infrastructure project focused on cross-chain asset liquidation, has closed a $6.8 million seed round led by Lightspeed Faction. Franklin Templeton and Coinbase Ventures were among the participants. The funding will accelerate protocol development for a more secure and efficient cross-chain settlement layer.
Read MoreThe Claynosaurz NFT project launched an animated short on Amazon Prime Video, triggering a major price surge. Its floor price jumped 43% in 24 hours, peaking at 24 SOL, demonstrating how mainstream media exposure can drive Web3 asset value.
Read MoreCoinbase International Exchange is launching perpetual futures contracts for the DRAM and SOXL ETFs, expanding its derivatives offerings. The new contracts cater to growing investor interest in semiconductor and memory market exposure.
Read MoreBlackRock CEO Larry Fink expresses optimism for markets over the next year, citing technology-driven profit margin expansion. He notes manageable financial system leverage but cautions on localized risks. Fink observes the crypto market has stabilized following leverage reductions, while highlighting BlackRock's own efficiency gains through tech adoption.
Read MoreBase co-founder Jesse Pollak reflects on the platform's journey, admitting the failed bet on social and creator tokens. Base is now pivoting core resources to trading, payments, and agency, with the Base App returning to Coinbase under Cobie's leadership for further refinement.
Read MoreOn-chain data reveals a major whale has been accumulating crypto assets. It withdrew 50 WBTC from Binance 8 hours ago, bringing its total WBTC holdings to 300. Combined with nearly 50K ETH, its portfolio value now exceeds $103 million, with over $11 million in unrealized profit.
Read MoreThe US Central Command announced the conclusion of a new round of nighttime strikes against Iran on July 15. The operation targeted key Iranian military facilities, including command centers and missile sites, aiming to reduce threats to shipping in the Strait of Hormuz. Precision-guided weapons were used in locations such as Bandar Abbas.
Read MoreIran's Revolutionary Guards declared a focus on destroying US 'offensive infrastructure' in the region and warned against a prolonged conflict. Shortly after, Kuwait reported intercepting Iranian drones, and Bahrain issued air raid sirens, indicating a rapid escalation of tensions.
Read MoreThe Bank of Korea raised its benchmark interest rate by 25 basis points to 2.75% on July 16. This marks the first rate hike since January 2023, aligning with market expectations. The move signals a shift in monetary policy amid inflationary pressures.
Read MoreFollowing the July 16th hack of Ostium's OLP vault, where approximately $24 million USDC was stolen, the attacker has converted and moved over 10,500 ETH to a privacy protocol. Initial funding for the attack wallet came via exchange services.
Read MoreOn-chain data reveals BitMEX co-founder Arthur Hayes purchased 1,293 ETH worth approximately $2.48 million. This significant buy during Ethereum's consolidation phase sparks analysis of his investment rationale and potential market signals for retail investors.
Read MoreOn Thursday, July 16, South Korea's KOSPI index opened sharply lower, plunging over 4%. Tech giants Samsung Electronics and SK Hynix led the decline, with Hynix shares tumbling 8%. The sell-off reflects growing market anxiety and broader economic concerns.
Read MoreWarren Buffett warns that the U.S. stock market is increasingly driven by speculative trading, making it harder to identify true value. He also commented on the Federal Reserve's leadership.
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