Crypto

South Korean crypto exchanges saw a fresh spike in trading activity as the country’s stock market had several days of significant downside. Cryptocurrency trading volumes spiked in South Korea as its stock market fell by nearly 18% this week.  Key points: KRW/USDT volumes spike in response to stock sell-off Read more

The bank said deteriorating prospects for U.S. market structure legislation remove a key catalyst for digital assets, even as tokenization and institutional adoption advance.

A new report from market maker Wintermute found that institutions now dominate crypto trading, driving lower volatility, selective altcoin flows and growth in tokenized assets.

Few periods in Ethereum's 11-year history have brought as much change, from leadership shakeups at the Ethereum Foundation to institutional adoption, as the past year has.

Seoul police say the amount of the scam might rise to nearly $20 million. Two alleged scammers were detained and a third remains at-large.

Russian authorities charged BitRiver founder Igor Runets with alleged fraud tied to a $8 million crypto mining equipment deal involving Russian billionaire Oleg Deripaska. Russian authorities have charged BitRiver founder Igor Runets with alleged fraud involving about 1 billion rubles ($12.5 million), expanding the criminal case against the executive of one of Russia’s largest crypto mining-linked companies. Runets was officially charged with large-scale fraud over an alleged failure to deliver crypto mining equipment under an $8 million contract, local news agency Pravo reported on Wednesday. Investigators allege that Fox, a company controlled by Runets, signed the contract in 2023 to supply the equipment to a company within an industrial group founded by businessman Oleg Deripaska. Authorities say that while the buyer paid $7.9 million upfront, the equipment was not delivered within the agreed 32-day period. Read more

Activist Samuel Tunick said his prosecution is meant to set a precedent against privacy and "intimidate people."

A potential ascent to $1.16 would invalidate the bearish outlook.

The perpetual — the 24/7, leveraged contract that crypto invented and then perfected — is no longer just a way to trade crypto, says Katana Network’s Matthew Fisher. It’s becoming the way to trade everything.

Investors are withdrawing money from Hyperliquid-linked exchange-traded funds for the first time since the products launched. Data from SoSoValue shows that the three funds have recorded more than $13 million in net outflows in July, putting them on course for their first negative month after attracting about $280 million since inception. Nearly $27 million has […] The post Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued? appeared first on CryptoSlate.

BNB is trading at $588.87 as Binance Chain posts $19B in weekly DEX volume. Here's what key resistance at $646 means for the next price move, plus analyst targets. The post BNB Price Prediction: Binance Chain Dominates Weekly DEX Volume Amid Memecoin Revival appeared first on Cryptonews.

The platform faces a fine of up to $38 million for allegedly failing to remove terror-related content.

Plus markets are rebounding after a slightly hawkish FOMC, BTC ETFs flip to inflows and MoonPay launches a new AI product + airdrop

Ark Invest is reallocating within crypto equities, cutting Bitmine and Bullish while buying $43.5M in Coinbase and Circle shares amid sector weakness. The post Ark Invest Rotates Within Crypto Equities, Adding Coinbase and Circle While Trimming Other Names appeared first on Cryptonews.

Such a pullback may actually lead to a rally to $74,000, Ali Martinez argued.

Samsung SDS is discussing stablecoin infrastructure and AI-based payment models with Dunamu, the operator of South Korean crypto exchange Upbit. Samsung SDS, the IT services arm of Samsung Group, is exploring stablecoin infrastructure, digital asset systems and AI-based payment models with Dunamu, the operator of Upbit, one of the biggest local cryptocurrency exchanges. Samsung SDS said it is discussing potential cooperation with Dunamu on stablecoin infrastructure, digital asset systems and AI-based payment business models, CEO Lee Jun-hee said during the company’s second-quarter earnings call on Thursday. “We have already secured differentiated business capabilities in digital asset infrastructure through the Korea Securities Depository’s tokenized securities platform project and through end-to-end validation [...] of the full stablecoin process from issuance to settlement,” Lee said. He said he expects the relationship with Dunamu will help Samsung SDS expand in the digital asset infrastructure market. Rea...

CEO James Lanigan cited automation reshaping the business, as the exchange shifts from retail trading toward institutional infrastructure.

US spot Bitcoin ETFs took in roughly $999 million over seven straight days of inflows from July 14 to July 22, according to data from Farside Investors. Four straight outflow days followed, pulling about $526 million back out through July 28. Across the broader window from May 29 to July 28, daily totals imply roughly […] The post Forget ETF flows, Bitcoin’s real threat is a hidden $39,900 liquidation wall appeared first on CryptoSlate.

The FT said Situational Awareness had approached investors and lenders after borrowing amplified losses during July’s AI stock sell-off. Situational Awareness, the hedge fund founded in 2024 by ex-OpenAI researcher Leopold Aschenbrenner, has approached investors and lenders for fresh capital after suffering heavy losses in the recent artificial intelligence stock sell-off, the Financial Times reported Thursday. The fund, which the Wall Street Journal said had around $20 billion in assets under management as of June 8, has also offered some investors the option to buy portfolio assets, according to the FT, citing people briefed on the discussions and a July 24 investor letter.  The size of the losses and amount sought were not disclosed. Aschenbrenner’s fund had gained 439% after fees through June, according to the letter, but the FT said borrowing increased the size of the fund’s bets, driving up losses when AI stocks collapsed during July’s market rout. Aschenbrenner also reportedly argued in the letter that...

Analysts cut Coinbase Q2 estimates amid a crypto trading slump, but bulls point to Deribit, Base, and subscription revenue as proof the trough is near. The post Coinbase Q2 Earnings Preview: Guidance and Diversification in Focus appeared first on Cryptonews.