South Korea Accelerates Stablecoin Regulation with Bank-Led Focus
The Bank of Korea is pushing for swift legislation on won-backed stablecoins, prioritizing bank consortiums while advancing deposit token pilots amid ongoing legislative delays
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Latest updates, press releases, and insights from the volatile world of digital assets.
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Robinhood Chain DEX Volume Hits Record $560 Million
Robinhood Chain has seen explosive growth in trading activity just days after launch, with Uniswap volumes reaching new peaks driven by high user engagement and token activity
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AscendEX Exchange Shuts Down With No Guarantee on User Fund Recovery
AscendEX ceased operations on July 1, 2026, citing the EU's MiCA rules and financial challenges. The platform warned users that full recovery of balances cannot be guaranteed as withdrawals face manual reviews and potential delays
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Hong Kong SFC Requires Crypto Platforms to Drop OTP Logins
The Hong Kong Securities and Futures Commission has directed licensed virtual asset trading platforms and online brokers to replace one-time password authentication with stronger phishing-resistant methods within 12 months
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Hyundai Card Completes First Stablecoin Cross-Border Payment Trial
Hyundai Card executed a $20,000 USDT transfer between its US and Mexico subsidiaries in seven minutes using the Avalanche network, marking a real intercompany settlement
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Global Crackdown Nets 5,811 Arrests in Major Fraud and Crypto Laundering Bust
INTERPOL-led Operation First Light 2026 across 97 countries resulted in thousands of arrests and the seizure of $293 million in illicit assets tied to social engineering scams and money laundering networks involving cryptocurrencies
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Russia’s Alfa-Bank Prepares Regulated Crypto Custody and Trading Services
Alfa-Bank, Russia’s largest private bank, plans to offer digital asset custody, trading, and investment products to retail and corporate clients once new regulations take effect
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Fed Flags AI Demand as Inflation Driver in Rate Hike Debate
The Federal Reserve has raised its inflation projections as surging AI infrastructure needs push up costs for chips, energy, and related goods, leaving policymakers divided on the next steps for interest rates
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CASHCAT Memecoin Surges Over 1100% After Robinhood CEO Endorsement
CASHCAT, a memecoin on the new Robinhood Chain, experienced rapid gains following a statement from CEO Vlad Tenev, reaching a market cap above $150 million before some pullback
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SWIFT Launches Blockchain Ledger for Tokenized Deposit Pilot with 17 Banks
Global financial messaging network SWIFT has introduced a blockchain-based shared ledger ready for initial use in cross-border payments. Seventeen major banks will test tokenized deposits for round-the-clock transactions while maintaining standard banking controls
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BNB Chain Launches New Layer-1 for AI Agents and High-Speed Trading
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EDX Markets Secures $76 Million in Series C Funding Led by SBI Holdings
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RBI Renews Push for Crypto Prohibition Amid Tax Evasion Concerns
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Bitmine Nears 5% Ethereum Supply Target With 5.74 Million ETH Holdings
News, 6 July, 2026
Ripple Gains Full MiCA CASP License for EEA-Wide Crypto Services
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