24/7 News

Svmuu News: South Korea’s financial regulator has issued an investigative report to Dunamu, the operator of Upbit, and initiated disciplinary proceedings. This follows a hacking incident in which Dunamu lost 44.5 billion won. The Financial Supervisory Service has been investigating whether there were violations of the Virtual Asset User Protection Act since the incident occurred. However, as there are currently no direct penalty provisions for hacking attacks or computer system failures, it remains uncertain whether this will result in severe disciplinary action. The Financial Supervisory Service plans to provide Dunamu with advance notice of its sanction recommendation—including the level of sanctions—after the company submits an explanatory statement. The final sanctions will be determined by resolutions passed by the Sanctions Deliberation Committee, the Securities and Futures Commission, and the Financial Services Commission.

Svmuu News: On July 16, 2026, U.S. Senator Elizabeth Warren requested that U.S. President Donald Trump release his full financial disclosure as of July 15, covering his cryptocurrency income. The U.S. Senate is currently considering the CLARITY Act, a bill regarding the structure of the cryptocurrency market. 
On June 30, 2026, the U.S. Office of Government Ethics released Trump’s 2025 annual public financial disclosure.Warren stated that the report shows Trump’s cryptocurrency-related income totaled approximately $1.4 billion, more than double his total income for 2024, with cryptocurrency ventures accounting for the vast majority of his disclosed income. 
The disclosure documents show that members of the Trump family hold a 30% ownership stake in DT Marks Defi LLC, an entity whose assets include an account with Coinbase worth over $100 million, as well as a 38.25% stake in WLF Holdco LLC. DT Marks Defi LLC generated over $590 million in revenue in 2025. On July 2, Trump stated that the related revenue “is not illegal in any way, nor is there any problem with it,” adding that his involvement in cryptocurrency predated his second term. He said he does not personally track the details of the profits and noted that large institutions manage his investments.

Svmuu News: Zcash has launched a new full node called Zakura, maintained by a team independent of the Zcash Foundation. It is released as a fast-sync branch—a trimmed-down version of Zebra—and is compatible with older versions of the zcashd client. That client will reach the end of its lifecycle on July 18.
Zakura is part of Zcash’s scalability efforts. In conjunction with Project Tachyon and research on private information retrieval, it aims to boost network throughput to Visa and Mastercard levels by reducing validation data and eliminating wallet performance bottlenecks.
Zakura also supports the Ironwood (NU6.3) upgrade, which will be activated on July 28. This upgrade introduces the “turnstile” mechanism to limit withdrawals from the Orchard shielded pool and control the generation of counterfeit ZEC that could result from a long-standing soundness bug.

Svmuu News: Headline: $23.75 Million in USDC Lost; Ostium Price Data Compromised.
According to Ostium’s monitoring, Ostium has released an update on the attack. Its liquidity provider treasury was compromised on July 15, resulting in a loss of 23,752,746 USDC. Preliminary investigations indicate that the attacker compromised the off-chain infrastructure providing price data to the protocol and submitted spoofed, fraudulent price reports. By rapidly opening and closing multiple large positions, the attacker extracted artificially generated profits from the treasury. Ostium stated that traders’ collateral is held in independently isolated smart contracts and was not affected by this incident; all trading positions remain open. The team suspended trading and froze all trading contracts within 60 minutes of the first attack transaction. Currently, Ostium is collaborating with Mandiant, zeroShadow, Collisionless, SEAL 911, and law enforcement agencies, and is coordinating with trading platforms, bridge contracts, and stablecoin issuers to advance the investigation. The engineering team is repairing and strengthening the relevant infrastructure to support the secure resumption of trading. Ostium stated that it will provide at least 24 hours’ notice before unfreezing trading contracts. Once trading resumes, existing positions will be marked to market at the price at the time of reopening and will not be affected by price fluctuations that occurred during the suspension period.

Svmuu News: On July 19, England secured third place in the tournament with a 6-4 victory over France; meanwhile, Spain and Argentina will face off in the final on July 20 at 03:00 (UTC+8) in a showdown for the World Cup trophy. Currently, prediction markets for the final are open on Gate’s prediction platform, where users can participate in predictions for this high-profile match and share in a 50,000 USDT prize pool.
Gate has launched the “World Cup Final Countdown Giveaway” campaign. During the event, users who participate in World Cup final predictions in the Gate Polymarket World Cup section will have the chance to win an 88-yuan JD.com gift card. A total of 10,000 rewards will be distributed throughout the campaign, allowing users to witness the crowning of the World Cup champion together.
As the first centralized exchange to integrate Polymarket, Gate has become a key gateway for users to participate in prediction markets. Users can access the prediction market directly through the Gate App by navigating to the Polymarket page from the “Alpha” section on the homepage and conveniently place bets on various events using USDT in their accounts. Users can also leverage the “Smart Money” feature to track the positions and market assessments of high-win-rate traders, gaining additional insights for their event predictions. Gate is continuously expanding the application scenarios of prediction markets, providing users with a diverse experience ranging from event analysis to active trading participation.

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.