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20:12
Svmuu News: According to Gate data, South Korea’s KOSPI index opened down 232.32 points, or 3.03%, at 7,423.99 on Wednesday, July 8. SK Hynix and Samsung Electronics fell 4%.
20:11
Svmuu News: Cryptocurrency exchange Kraken is seeking a full banking license in Europe and has identified Lithuania as its primary jurisdiction for the application. If approved, Kraken will become the first cryptocurrency exchange to obtain a full banking license in Europe. According to reports, this move is part of its parent company Payward’s global licensing strategy. Previously, Kraken Financial connected to the U.S. Federal Reserve’s payment infrastructure in March of this year, and Payward obtained regulatory approval from the UAE’s VARA in May.
20:08
Svmuu News Coinbase According to an announcement, Coinbase has added the Grvt token (GRVT) to its listing roadmap.
20:04
Svmuu News: According to data from MSX.COM, SpaceX closed down more than 6.8% on Monday at $149.47, marking its lowest closing price since going public.
20:00
Svmuu News: Ethereum Institutional has announced the launch of a recruitment drive for its core team. Over the coming weeks, the company will focus on hiring for roles in institutional go-to-market (GTM), marketing, and community operations, as well as technical positions such as solutions architects and technical project leads.
19:57
Svmuu News: KOR Protocol announced the completion of a $7.5 million Series A funding round, with participation from 1kx, Blockchain Capital, and others, valuing the company at $100 million. The funds raised in this round will be used for platform development, ecosystem growth, and partner integration, and the company plans to launch its token.
KOR Protocol is an on-chain creative asset settlement platform built on theCoinbaseLayer 2. It provides verification, routing, and settlement infrastructure for creative works such as music and films. By registering assets on-chain, it helps creators connect with suitable brands, platforms, and distributors, and enables programmable revenue-sharing payments via stablecoins such as USDC.
19:57
Svmuu News: According to Onchain Lens, two newly created wallets (0x9F9...b15 and 0x17A...B5B), believed to belong to Bitmine, received 40,000 ETH from Kraken and FalconX, worth $71.62 million.
19:57
Svmuu News: Rajat Gupta, an analyst at JPMorgan Chase, said that while a merger between Tesla and SpaceX “makes sense on paper,” current speculation surrounding the merger underestimates the potential obstacles that could hinder the deal.Gupta said the merger would enable CEO Elon Musk to “combine the vision, mission, and engineering leadership of the two platforms,” and that the companies’ shared AI ambitions would serve as a “potential strategic glue.”Gupta noted that potential obstacles include regulatory approvals across multiple jurisdictions, governance and voting rights symmetry, and the perception that “the merger would be an SPCX-led acquisition rather than a merger of equals.”
Gupta added that JPMorgan Chase will monitor SPCX’s acquisition currency, the regulatory landscape, and Musk’s voting rights at Tesla as potential catalysts signaling a looming merger. JPMorgan Chase stated that if a deal were to occur, the most likely structure would be a SpaceX-led, all-stock acquisition of Tesla. Gupta noted that this transaction structure could best bridge the valuation gap and avoid a large cash outlay. Gupta rates Tesla as “Neutral” with a price target of $475.
19:55
Svmuu News: Tiger Securities has upgraded its rating on Coinbase from “Hold” to “Buy” and set a price target of $200.The firm stated that, with the risk-reward ratio improving following a sharp pullback, the most difficult phase of the bear market for Bitcoin may have ended, and a new crypto market cycle is expected to begin, driven by a recovery in liquidity, growing institutional demand, and improved risk appetite.
19:53
Svmuu News: Anthropic reportedly plans to expand in Manhattan, New York, doubling its New York City workforce to 1,000 employees; it plans to lease a 16-story building in Hudson Square. The company will begin relocating to New York City in the summer of 2026. (Cailian Press)
19:51
Svmuu News: Market reports indicate that Donald Trump has approved a plan to strike Iran.
19:51
Svmuu News: SK Hynix is expected to begin trading on the Nasdaq Global Select Market on July 10 under the pre-listing trading mode, with the ticker symbol SKHYV. The ticker symbol is expected to change to SKHY on July 13, at which time trading will transition to regular trading mode. The settlement date for all pre-listing trades is expected to be July 14.
19:51
Svmuu News: A U.S. official stated that the strikes launched against Iran on Tuesday (local time) were four to five times larger than the previous round of strikes 10 days ago, both in terms of scale and intensity.
19:50
Svmuu News: Naver Financial and Dunamu have postponed the completion date of their comprehensive share swap transaction to December 31, marking the second delay of the deal. The transaction, which aims to merge Dunamu—the operator of South Korea’s largest cryptocurrency exchange, Upbit—into Naver’s financial division, was originally scheduled to close on September 30. Dunamu stated that pending digital asset legislation and an ongoing antitrust review remain key variables; progress in either approval process could further extend the timeline or even lead to changes in the transaction.
19:50
Svmuu reports that SpaceX AI plans to launch a new model as early as Wednesday using the Cursor platform.
19:50
Svmuu News: Following the U.S. military strike against Iran, WTI crude oil opened 3% higher at $72.46 per barrel.
18:07
Svmuu News: Zcash’s native token, ZEC, rose more than 12% on Tuesday after the team responsible for developing its privacy pool stated that it is nearing completion of a mathematical proof to confirm that the latest Zcash shielded pool is free of undetectable counterfeit issuance vulnerabilities.
This verification effort, led by Project Tachyon, is focused on Zcash’s upcoming Ironwood shielded pool. Zcash founder Zooko Wilcox stated that the project is on the verge of producing a mathematical proof aimed at demonstrating that the latest Zcash privacy pool is free of undetectable counterfeiting vulnerabilities.
This development follows last month’s disclosure of a serious forgery vulnerability in Zcash’s Orchard shielded pool. At the time, the vulnerability sparked market concerns that Zcash’s privacy system might harbor undetectable risks of covert inflation, causing ZEC to plummet by more than 40% within two days.
Developers say that with AI-assisted formal verification, this type of proof—which might have taken years to complete in the past—has now been compressed to a matter of weeks. The news propelled ZEC back above $500, its highest level since early June. (The Block)
18:06
Svmuu News: Strike, founded by Jack Mallers, has launched a new “Bitcoin” loan product designed to prevent forced liquidation triggered by a drop in the price of BTC. Strike states that as long as borrowers make their payments on time, their collateralized BTC will not be moved or liquidated, no matter how much the price of Bitcoin falls.
Mallers stated on X that the product has no margin calls and no price-based liquidation mechanism, allowing users to borrow U.S. dollars while continuing to hold Bitcoin. He noted that volatility is inevitable, but liquidation is not.
Strike stated that the new loan product eliminates price-triggered actions tied to the loan-to-value (LTV) ratio, so borrowers do not need to worry about automatic liquidation due to a drop in the BTC price. As long as interest and maturity payments remain up to date, the collateral will remain untouched.
18:05
Svmuu News: The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Trevor Vernon, a North Carolina man, and his company, Argent Capital Management LLC, alleging that they defrauded approximately 60 investors out of a total of $14 million through a fraudulent commodity pool.
According to a complaint filed by the CFTC on Tuesday with the U.S. District Court for the Western District of North Carolina, the commodity pool operated by Vernon and his company involved trading in various asset classes, including stock index futures options, stock index futures contracts, and crypto assets.
The CFTC alleges that Vernon falsely portrayed himself to investors as a “successful trader” through quarterly financial updates and monthly performance review emails, but in reality, he consistently incurred severe losses when trading with investor funds.
Regulators stated that Vernon incurred cumulative losses of at least $8.6 million in futures, options, and cryptocurrency trading. The CFTC said his actual trading results were “persistent and catastrophic losses,” which starkly contradicted the profitability he presented to investors.
18:04
Svmuu News: Payward, the parent company of Kraken, has prevailed in arbitration against its former auditor, Mazars USA, with the arbitrator ruling that Mazars must pay Payward $22 million. Payward is currently seeking confirmation of the arbitration award and a final judgment from the Delaware Court of Chancery.
The dispute stems from the height of “Operation Choke Point 2.0” in 2022. Payward claims that Mazars abruptly withdrew from an audit of Kraken that was nearly complete and had found no issues with the company; however, this action caused reputational damage to Kraken and forced it to spend years and incur substantial legal fees to clear its name.
Arjun Sethi, co-CEO of Payward, stated that audits are not a “favor” for crypto companies, but rather critical infrastructure for maintaining banking relationships, licenses, counterparty relationships, and regulatory trust. When an audit firm withdraws without any negative findings, it casts unwarranted suspicion on the company.
“Operation Choke Point 2.0” is the crypto industry’s term for regulatory pressure during the Biden administration, referring to the informal pressure U.S. regulators exerted on banks to restrict services to crypto firms following the FTX collapse. Sethi noted that the U.S. FDIC had sent at least 25 letters to 24 banks, instructing them to suspend or refrain from expanding crypto-related business. This ruling is also seen as a legal counterattack by the crypto industry against such regulatory pressure.

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