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17 minutes ago

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Cumberland, Fluid, and SwissBorg Join Sui's Hashi Bitcoin Platform

Institutional market maker Cumberland, asset management platform SwissBorg, and decentralized lending and DEX protocol Fluid have joined Hashi, the Bitcoin financial platform on the Sui ecosystem. Hashi, which has already secured support from over 20 institutions including BitGo and Ledger, aims to unlock over $1 trillion in dormant Bitcoin for DeFi applications. The platform plans to launch its global testnet in July, allowing partners to test integration and verify cryptographic integrity before the mainnet launch.

BORG -1.49% BTC -2.21% FLUID -3.55% SUI -4.21%
18 minutes ago

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South Korea's Digital Asset Basic Act Faces Delays Amid Stock Market Focus

South Korea's Digital Asset Basic Act, aimed at regulating virtual assets, may be delayed this year as the government shifts its focus to the stock market. Despite the National Assembly's Digital Asset Task Force completing the integration of eight related bills, progress has stalled due to changes in parliamentary leadership and the absence of a formed National Policy Committee. Additionally, the government has yet to submit its version of the bill. Market observers suggest the delay is linked to the recent surge in the Korea Composite Stock Price Index (KOSPI), which has exceeded 9,000 points. This has led to speculation that financial authorities are intentionally slowing the legislative process to prevent capital diversion from the stock market to the virtual asset market.
24 minutes ago

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Yield Yak's Frontend Compromised by Malicious Code Injection

Yield Yak has fallen victim to a frontend attack, with its subdomain vote.yieldyak.com compromised by malicious code. Security firm Blockaid issued an alert on the X platform, revealing that the eleven drainer code was injected into the site. This attack mirrors a similar incident that affected Gitcoin.co recently, raising concerns about the security of crypto platforms.

GTC -5.12% YAK +0.70%
41 minutes ago

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Regulators Halt New Cross-Border Total Return Swaps for Private Equity Firms

Private equity firms have been instructed to suspend new cross-border total return swaps (TRS) following regulatory directives. Industry professionals reported receiving notifications from securities firms last night, as detailed by the Shanghai Securities Journal. The suspension affects the expansion of TRS scale managed by these firms, indicating increased regulatory scrutiny in cross-border financial activities.
45 minutes ago

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GLM-5.2 Emerges as Cost-Effective AI Model with High Intelligence

GLM-5.2 has been identified as the most cost-effective AI model currently available, offering approximately 95% of the intelligence of Opus 4.8 at a significantly lower cost. Priced at $5.80 per million tokens, GLM-5.2 is about 80% cheaper than Claude and provides a competitive edge in terms of cost-to-intelligence ratio. This model is the first open-source solution to achieve frontier-level performance at a fraction of the price of its competitors. In comparison, GPT-5.5 costs around $9.70 per million tokens with 92% intelligence, while Opus 4.8 and Fable 5 are priced at $23 and $30 respectively, offering 98% and 100% intelligence. The strategic use of GLM-5.2 in a "barbell" approach, where it handles the bulk of tasks, is recommended for maximizing efficiency and cost savings.
46 minutes ago

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South Korea Targets 40 Unregistered Crypto Firms for Legal Action

The Korea Financial Intelligence Unit (FIU) has referred around 40 unregistered virtual asset service providers to law enforcement, according to a report by PANews on June 24. These entities are not compliant with South Korea's Virtual Asset User Protection Act or the Act on Reporting and Use of Specific Financial Transaction Information, exposing them to risks such as data breaches and hacking. The unregistered status of these firms raises concerns about their potential use in money laundering and concealing criminal funds. The FIU's action underscores the South Korean government's ongoing efforts to regulate the cryptocurrency sector and ensure compliance with financial laws.
1 hour ago

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Bitcoin Short-Term Holders Face Losses for Eight Months, Average Unrealized Loss at 14.4%

Bitcoin short-term holders have been experiencing losses for eight consecutive months, with an average unrealized loss of 14.4%, according to CryptoQuant analyst Darkfost. The cost basis for these holders is approximately $74,800, a decrease from $95,700, suggesting accumulation during market downturns. This marks an improvement from a 34% loss in early February. The peak unrealized profit for short-term holders was 47% in March 2024, while in October 2025, when Bitcoin reached an all-time high, the profit margin was only 11%. Darkfost highlighted that reclaiming the short-term holders' cost basis would signal a potential market shift, although it currently acts as resistance. Despite briefly returning to profitability on May 10, short-term holders have since fallen back into losses.

BTC -2.21%
1 hour ago

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Steak 'n Shake Continues to Save 50% on Fees by Accepting Bitcoin

Steak 'n Shake has announced that it is maintaining a 50% reduction in processing fees by accepting Bitcoin as a payment method. The fast-food chain, known for its burgers and milkshakes, has been leveraging cryptocurrency to cut costs associated with traditional payment systems. This ongoing strategy highlights the potential financial benefits for businesses integrating digital currencies into their payment options.

BTC -2.21%
1 hour ago

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Polkadot Proposals Seek to Enhance Staking Incentives and Reduce Unbonding Time

Polkadot OpenGov has introduced two new proposals, #1909 and #1910, to enhance the network's staking framework. The proposals aim to bolster validator incentives and eliminate penalties for nominators. Additionally, they propose reducing the unbonding period from around 28 days to just 2 days, significantly improving liquidity for stakers. These changes are designed to make Polkadot's staking system more attractive and efficient for participants.

DOT -3.60%
2 hours ago

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Bank of Korea Warns of Crypto Market Impact on Traditional Finance

The Bank of Korea has issued a warning that disruptions in the cryptocurrency market could spill over into traditional financial markets, including stocks and forex. In its Financial Stability Report for the first half of 2026, the central bank highlighted the growing interconnection between crypto and traditional markets. The report noted that the increasing diversity of investors and evolving market structures are raising the risk of crypto market volatility affecting traditional finance. While the direct impact on South Korea's financial markets is currently limited due to the absence of approved crypto ETFs and restricted corporate participation, the bank cautioned that expanded institutional and corporate involvement could lead to significant crypto price shocks affecting domestic stock and forex markets.
2 hours ago

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KG Group Partners with Solana Foundation for Digital Asset Payment Network

South Korea's KG Financial, a fintech arm of KG Group, has entered into a strategic partnership with the Solana Foundation to develop a Web3-based digital asset payment infrastructure. The collaboration aims to integrate KG Inicis' payment gateway with Solana's blockchain, facilitating stablecoin payments across a network of 220,000 merchants. This initiative follows a successful proof-of-concept project that demonstrated the feasibility of stablecoin issuance and real payment services. The agreement focuses on creating a stablecoin payment and settlement system, advancing digital payment services, and integrating with existing regulated payment networks. Solana announced that KG Inicis will soon enable stablecoin payments on its platform, with plans to introduce a token-based merchant rewards program.

SOL -3.40% STABLE -5.58%
2 hours ago

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Bitcoin Long-Term Holders' Selling Pressure Hits Lowest Since 2024

Bitcoin long-term holders, those retaining BTC for over five years, are showing reduced selling pressure, according to CryptoQuant analyst DarkFost. The 90-day moving average of Spent Transaction Output (STXO) has decreased to 962 BTC, marking the lowest level since November 2024. This decline indicates a growing tendency among these holders to maintain their positions, alleviating market sell-side pressure.

BTC -2.21%
2 hours ago

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Mysterious Solana Project @world_xyz Acquires Domain for $80,000

A mysterious project within the Solana ecosystem, known as @world_xyz, has ignited speculation after acquiring the domain world.xyz for $80,000. The project's Google page description, "Trade Everything," has led to various theories about its purpose. Community members speculate it could be a Nasdaq-style trading platform on Solana, a perpetual contract market for diverse assets, or a prediction market. Launched in December 2023, the project remains in a "coming soon" phase, fueling curiosity about its potential impact.

SOL -3.40%
2 hours ago

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Goldfinch Community Approves Shutdown of Goldfinch Prime

The Goldfinch community has approved GIP-87, which initiates the orderly shutdown of Goldfinch Prime. The decision transitions Goldfinch into a "maintenance mode," focusing on recovering funds from legacy lending pools. Users will still be able to claim repayments through historical applications. Additionally, the community will complete foundation-related operational and administrative wind-down activities as part of this transition.

GFI -9.05%
2 hours ago

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STRC Experiences Volatility Amid Leverage Liquidation

STRC's price fell to $82.50 last week before stabilizing, closing nearly flat. The trading volume pattern suggests a leverage liquidation, according to market analyst Cole Macro. Despite the volatility in STRC, SATA did not exhibit similar movements, indicating differing market dynamics between the two assets.

SATA +10.89%
3 hours ago

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YZi Labs and CEA Industries Resolve Dispute with New Cooperation Agreement

YZi Labs and CEA Industries have concluded their dispute over agency rights by entering into a cooperation agreement. The agreement focuses on advancing the governance restructuring of BNC. As part of the deal, Ella Zhang, Alex Odagiu, and Matthew Roszak have been appointed as company directors. Additionally, both parties will collaborate to appoint an independent director with expertise in digital assets, capital markets, and corporate governance of publicly listed companies.

BNC -3.31%
3 hours ago

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Old Royalties Contract on Polygon Suffers $261,200 Loss in Attack

An outdated Royalties contract on the Polygon blockchain was compromised, leading to a loss of approximately $261,200. The breach was identified by TenArmorAlert's monitoring system, which facilitated early detection and an automated response to the suspicious activity. The transaction hash related to the attack has been made public, highlighting the ongoing vulnerabilities in older smart contracts on the network.

MATIC -9.52%
3 hours ago

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Ethereum Faces Governance Debate Over Staking Rewards Tax Proposal

Ethereum is currently facing a governance debate over funding for core development, as former Ethereum Foundation contributor Trenton Van Epps warns of a potential "slow-burn funding crisis" within the next three to nine months. The controversy centers on a proposal by Kleros co-founder Clément Lesaege to redirect 0% to 10% of validator rewards into an ecosystem funding pool, potentially generating 50,000 to 70,000 ETH annually. Critics argue this could consolidate power among large validators and complicate governance. In response to funding concerns, EthLabs, a nonprofit founded by former Ethereum Foundation researchers, was launched to secure direct development funding from large ETH holders. Meanwhile, Ethereum founder Vitalik Buterin announced a 40% budget cut by the Foundation, which recently laid off 54 staff members, indicating a shift towards a diversified funding model.

ETH -3.80% PNK -0.45%
3 hours ago

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Phemex Crypto Market Daily: Crypto Market Slides as BTC, ETH and Altcoins Face Broad Selloff (Jun 24)

Key Takeaways:
1. Macro Environment The US has delayed any Fed-issued CBDC until 2030, supporting private stablecoins and DeFi liquidity. The EU advances its digital euro, aiming to reduce reliance on USD stablecoins and shift payment flows. Canada’s higher-than-expected CPI dampens risk appetite, tightening crypto market liquidity. 2. Crypto Market Crypto markets declined over the past 12 hours, with BTC down 2.17% to $62,729 and ETH falling 3.80% to $1,664.81, pressured by ETF outflows and weak risk sentiment. Major altcoins like SOL (-2.97%), ARB (-5.29%), and FET (-5.56%) also dropped, while XRP slid 2.01%. No sector showed notable outperformance. 3. Today's Outlook Today, Australia’s May CPI and Germany’s Ifo survey results will be released, potentially impacting central bank expectations and regional risk sentiment for crypto and global markets.

ARB -5.78% BTC -2.21% ETH -3.80% FET -5.40% SOL -3.40%
3 hours ago

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Pafin Acquires Gtax to Expand Crypto Tax Services

Pafin, a Japanese provider of automated crypto asset P&L calculation services, has announced the acquisition of Gtax, a mid-tier crypto tax service provider. The integration of the two service brands is expected to be completed by October, enhancing Pafin's offerings in the crypto tax sector.

Cumberland, Fluid, and SwissBorg Join Sui's Hashi Bitcoin Platform

South Korea's Digital Asset Basic Act Faces Delays Amid Stock Market Focus

Yield Yak's Frontend Compromised by Malicious Code Injection

Regulators Halt New Cross-Border Total Return Swaps for Private Equity Firms

GLM-5.2 Emerges as Cost-Effective AI Model with High Intelligence

South Korea Targets 40 Unregistered Crypto Firms for Legal Action

Bitcoin Short-Term Holders Face Losses for Eight Months, Average Unrealized Loss at 14.4%

Steak 'n Shake Continues to Save 50% on Fees by Accepting Bitcoin

Polkadot Proposals Seek to Enhance Staking Incentives and Reduce Unbonding Time

Bank of Korea Warns of Crypto Market Impact on Traditional Finance

KG Group Partners with Solana Foundation for Digital Asset Payment Network

Bitcoin Long-Term Holders' Selling Pressure Hits Lowest Since 2024

Mysterious Solana Project @world_xyz Acquires Domain for $80,000

Goldfinch Community Approves Shutdown of Goldfinch Prime

STRC Experiences Volatility Amid Leverage Liquidation

YZi Labs and CEA Industries Resolve Dispute with New Cooperation Agreement

Old Royalties Contract on Polygon Suffers $261,200 Loss in Attack

Ethereum Faces Governance Debate Over Staking Rewards Tax Proposal

Phemex Crypto Market Daily: Crypto Market Slides as BTC, ETH and Altcoins Face Broad Selloff (Jun 24)

Pafin Acquires Gtax to Expand Crypto Tax Services