24/7 News

Svmuu News: According to Matt Corva’s findings, a security incident occurred at MetaMask in which a North Korean hacker named Tyler Knapp infiltrated the team. The hacker gained access to MetaMask through an outsourced human resources provider with whom the company had a long-standing partnership, bypassing the background checks typically conducted for direct hires. He worked at the company for one month, participating in the development of the wallet’s fiat deposit and withdrawal features. During this time, the company’s security monitoring system detected anomalies in his IP address and behavior. The company immediately revoked all his access privileges and suspended all product releases he had been involved in. No substantial data or financial losses have been reported at this time.

Svmuu News: According to Onchain Lens, 5bro.eth (0x58bro) deposited 1.5 million USDC and placed a limit order to buy 2,000 ETH, worth approximately $3.73 million. If the order is filled, their short position will decrease from 6,500 ETH to 4,500 ETH. This address has generated $34.7 million in lifetime profits. The address is 0x418aa6bf98a2b2bc93779f810330d88cde488888.

Svmuu News: The Financial Services Commission (FSC) of South Korea announced today the results of its virtual asset market oversight, stating that regulators have focused on cracking down on behaviors that disrupt market order, such as short-term manipulation and “pump-and-dump” schemes. Among the cases reported so far, price manipulation cases account for the majority. The Financial Services Commission stated that in the two years since the Virtual Asset User Protection Act took effect, it has completed investigations into approximately 40 cases of unfair virtual asset trading and referred or reported more than 30 cases to judicial authorities, the majority of which involved price manipulation.
In addition, regulators have investigated cases involving short-term manipulation through the misuse of API keys, price manipulation in collusion with project issuers, and large-scale manipulation by “whales” exploiting cross-exchange trading on overseas platforms. Some fraudulent trading cases involved project teams spreading false information via social media to lure investors into buying, as well as arbitrage manipulation exploiting price correlations between USDT and BTC markets on exchanges.
To date, South Korean regulators have referred a total of 25 individuals suspected of violations to judicial authorities, with average illegal profits per case amounting to approximately 1.4 billion won. Among these, eight cases involved illegal profits ranging from 500 million to 5 billion won, and one case exceeded 5 billion won. Given the distinct characteristics of short-term manipulation, the virtual assets involved in each case averaged approximately eight different cryptocurrencies.
In terms of recovering illicit gains, South Korean financial regulators have imposed fines in two cases—one involving fraudulent trading and one involving price manipulation—with the fines ranging from 125% to 165% of the illegal profits.
The Financial Services Commission of South Korea stated that it will further strengthen market surveillance capabilities in the future by introducing an artificial intelligence (AI)-based virtual asset regulatory system. This system will include features such as real-time market monitoring, price manipulation analysis within seconds, and automatic identification of suspicious accounts and trading ranges, with the aim of enhancing the ability to detect abnormal transactions at an early stage. At the same time, South Korean regulators plan to introduce a mechanism for freezing accounts holding illicit proceeds, as well as a reporting and reward system for unfair trading, in future digital asset-related legislation to further refine the virtual asset market regulatory framework. (KBS)

Svmuu News: According to Defillama data, the stablecoin market has seen outflows totaling $12.413 billion over the past 62 days since May 17, 2026, with $1.555 billion flowing out since July 11—one of the largest contractions in more than four years. 
As of July 18, the market capitalization of Tether’s USDT stood at $184.055 billion, while that of Circle’s USDC was $73.376 billion.Over the past week, USDT declined by 0.06%, and USDC fell by 0.04%. Sky’s USDS had a market capitalization of $6.66 billion, down 12.30% over the past week—the largest decline among the top ten stablecoins.
World Liberty Financial’s USD1 fell by 4.59%, while Sky’s DAI declined by 0.43%. Global Dollar’s USDG rose by 9.08% over the past week, reaching a market capitalization of $3.164 billion—the highest gain among the top ten stablecoins.PayPal’s PYUSD rose 1.60% to $2.877 billion, while Circle’s USYC and BlackRock’s BUIDL fell 3.64% and 8.68%, respectively.

Svmuu News: Analysis shared by blockchain analytics platform CryptoQuant on July 18 shows that the cost basis of short-term holders of Bitcoin has fallen below the adjusted cost basis of long-term holders, triggering a “bear market end” signal. This signal uses a 3-day confirmation window to compare the average purchase prices of short-term and long-term holders. 
The analysis indicates that short-term holders are investors who have held Bitcoin for less than 6 months, while long-term holders are those who have held it for more than 6 months. The cost basis for short-term holders has dropped from $112,500 to $69,000, reflecting that Bitcoin purchased within the past 6 months have been traded at lower prices. The analysis states that the adjusted cost basis for long-term holders excludes Bitcoin held for more than 7 years to minimize the impact of dormant supply. The current crossover is described as a shift in the holding structure, pointing to the late stages of a bear market, but it does not equate to confirmation of a market bottom or the start of a new bull market. 
The analysis also noted that if the cost basis of short-term holders rises back above the adjusted cost basis of long-term holders, this would align with signals confirming a bull market in previous cycles. Until then, this signal merely indicates that the Bitcoin bear market may be nearing its end.

Svmuu News: More than eight years ago, when the price of Bitcoin was around $18,300, a whale acquired 852.469 BTC for approximately $15.63 million.Since then, the whale has gradually distributed these BTC across multiple newly created wallets and transferred a portion of the coins to an exchange. Currently, the whale has once again transferred 583.23 BTC to a newly created wallet, worth approximately $37.57 million.

Svmuu News: One year after the U.S. House of Representatives passed the CLARITY Act, the bill has yet to make headway in the Senate. On July 17, House members held a hearing at the Federal Hall National Memorial in New York to discuss how the bill would establish clearer rules for the digital asset market.
House Majority Whip Tom Emmer noted that nearly 80 Democrats and Republicans jointly passed the CLARITY Act, but the Senate has yet to make measurable progress. Participants in the hearing included representatives from Nova Labs, Bullish, WisdomTree, and Coin Center.
French Hill, Chairman of the House Financial Services Committee, noted that even with existing legislation on GENIUS and USD-backed stablecoins, the digital asset ecosystem still lacks a regulatory framework to support its operations without a market structure bill. Senator Cynthia Lummis stated on July 14 that the Senate version of the CLARITY Act is ready, and the bill text will be released within a few days.

Svmuu News: Mike Novogratz Calls for Bipartisan Compromise to Advance the “Clarity Act.”
Mike Novogratz, CEO of Galaxy Digital, stated that the “Clarity Act” is crucial to the future of the United States and that the only remaining task is to fine-tune the wording of the provisions related to ethics. The American people will not tolerate politicians having special advantages in financial investments that ordinary citizens do not have. Both Republican and Democratic lawmakers are well aware of this, and both sides have reviewed the relevant poll data. He called on both parties to recognize the current public sentiment; Republican senators need to exert further pressure on the White House, while Democratic senators should understand that they cannot expect a single digital asset bill to solve all levels of corruption across the nation. Congress should demonstrate to the public that it remains capable of fulfilling its duties and advancing legislation in the long-term interests of the American people.

Svmuu News: Brian Armstrong, CEO of Coinbase, stated that self-custody wallets are the only way to bring open financial systems to over 1 billion users. He noted that alternatives such as the CoinbaseApp work well in developed countries with clear regulations, but the U.S. accounts for only 4% of the global population.
Armstrong said that self-custody reduces friction in account opening and registration, is available globally, and scales through software rather than by establishing regulated entities and local teams in every country. He also noted that AI agents are better suited to access funds and complete tasks through self-custody, and that self-custody is crucial for economic freedom even in developed countries.
Jesse Pollak, the former head of Base, previously announced his resignation and handed over leadership of Base to Jordan Fish. Pollak stated that Base would be built as a global financial blockchain; under Cobie’s leadership, Base will shift its focus to three core areas: trading, payments, and agents.

Svmuu News: Michael Saylor, founder of Strategy, published a lengthy post on July 18 listing 100 reasons to oppose BIP 110. He stated that the proposal would restrict a controversial but currently valid type of transaction through the “Bitcoin” consensus rule, constituting a governance intervention in use cases.
BIP 110, officially titled “Reduced Data Temporary Softfork,” was marked as “Complete” on GitHub on June 25, 2026.The proposal is scheduled to run for approximately one year and introduces seven new consensus restrictions, including an 83-byte limit on OP_RETURN outputs, a 256-byte cap on partial payloads and witness data, and restrictions on certain Taproot-related structures.
Michael Saylor pointed out that BIP 110 adopts a 55% miner signal threshold—lower than the 95% threshold in the standard BIP 9 process—and eliminates the standard timeout and “FAILED” status.He believes that these controversial rule changes—which employ a lower threshold—will increase the likelihood of a chain split and may impact miners’ fee revenue and long-term network security.
He stated that Bitcoin’s existing relay and mining policy tools already allow node operators and miners to restrict unwanted transaction types without altering the network-wide consensus rules. Michael Saylor also stated that the Bitcoin’s base layer should remain conservative and opposed the use of consensus soft forks to regulate controversial use cases.

Svmuu News reported that Bitcoin News posted on X, stating that Dathon Pwn claims to have discovered a consensus vulnerability in the BIP 110 late upgrade. This vulnerability could cause nodes upgraded from older software to retain their blockchain history, while newly deployed BIP 110 nodes would reject that history, potentially leading to a hidden chain split.