Cryptocurrency Hacking Losses Exceeded $142 Million in July 2025
According to PeckShieldAlert, approximately 17 major cryptocurrencies were recorded in July 2025, resulting in total losses of approximately $142 million, a 27.2% increase from the previous month. CoinDCX, GMX, and BigONE were the top three platforms for losses in July. The GMX hackers have returned approximately $40.5 million worth of crypto assets, including 10,000 ETH and 10.5 million FRAX. Coinbase's Q2 net profit reached $1.4 billion, with $245 billion in assets under custody. Coinbase disclosed that its total revenue for Q2 2025 was $1.5 billion, with a net profit of $1.4 billion and adjusted EBITDA of $512 million. Subscription and service revenue was $656 million, and the platform's assets under custody reached $245 billion, with over 80% of these assets under custody held by the BTC/ETH ETF. Coinbase's Q2 2025 financial report revealed that the highly publicized data breach cost the company $307 million, lower than the market estimate of $400 million. During the reporting period, the company's total revenue decreased by 26% quarter-over-quarter, trading revenue decreased by 39%, and crypto spot trading volume decreased by over 30%. Quarterly trading volume reached $237 billion, up from $226 billion in the same period of 2024.
AguilaTrades suffers another $400 million loss, with all long BTC positions liquidated.
According to Ember, with today's Bitcoin price correction, AguilaTrades' $400 million long BTC position was fully liquidated half an hour ago. This round of trading lasted a month, with a peak profit of $41.7 million and a final loss of $5.2 million, bringing its total losses to $40 million. This was the fifth time it had incurred losses after reaching $400 million in positions, a streak that continues to persist.
U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that, in conjunction with the Presidential Working Group (PWG) report, his top priority is to expedite the establishment of a regulatory framework for crypto-asset issuance in the United States. He noted that capital formation is the core mission of the SEC, but for too long, the SEC has ignored the market's need for choice, stifling crypto-asset-based financing activities, causing the crypto market to shift elsewhere and investors to miss out on opportunities to leverage new technologies and participate in economic development. He emphasized that the SEC's past practices of "escaping reality" and "enforcement first, questions later" are now history.
According to the Ethereum Foundation blog, yesterday marked Ethereum's tenth anniversary. Today, the official "Lean Ethereum" vision was officially released, serving as both a blueprint for the next decade and a personal mission statement. This vision emphasizes next-generation cryptography as its core, balancing extreme performance, security, and decentralization. It proposes a dual-track strategy of "Fortress Mode" and "Beast Mode" to propel Ethereum into the cornerstone of the Internet of Value. The upgrades cover the consensus layer, data layer, and execution layer, aiming to achieve breakthroughs in both performance and security while addressing future threats such as quantum computing. The Foundation states that "Lean Ethereum" is more than just a technological upgrade; it embodies minimalism and craftsmanship, aiming to build an indestructible Ethereum network for future generations. The "Lean Ethereum" vision clearly outlines three core goals: first, performance upgrades, increasing the Ethereum mainnet's Layer 1 transactions per second (TPS) to 10,000 and Layer 2 transactions per second (TPS) to 1 million, enabling massive scalability; second, extreme reliability, ensuring 100% network uptime and resilience against threats like quantum computing and nation-state censorship; and third, three core upgrades: "Beacon Chain 2.0" for the consensus layer, "post-quantum blobs 2.0" for the data layer, and "EVM 2.0" for the execution layer, comprehensively advancing Ethereum's security, performance, and decentralization.
Strategy Announces $4.2 Billion STRC Stock Offering
Strategy announced that it has signed a sales agreement to issue and sell up to $4.2 billion of variable-rate Series A perpetual preferred stock (STRC Stock) through an at-the-market program. The company stated that the proceeds will be used for general corporate purposes, including Bitcoin acquisitions, working capital, and preferred stock dividends.
Strategy Achieved $14 Billion in Operating Revenue and $10 Billion in Net Profit in Q2
According to Strategy's announcement, in the second quarter of 2025, the company achieved operating revenue of $14 billion, net profit of $10 billion, and earnings per share of $32.60. The company issued full-year 2025 guidance, projecting operating revenue of $34 billion, net profit of $24 billion, and earnings per share of $80. At the same time, the company raised its Bitcoin-related target for 2025 to a 30% BTC yield and $20 billion in BTC-to-USD returns.
According to BWEnews, Pump.fun recently registered the subdomain fee.pump.fun, possibly hinting at the imminent launch of a transaction fee dashboard or a volume-based incentive program.
Apple (AAPL.O) CEO Tim Cook stated: "We have acquired seven companies this year, and we are willing to use M&A to accelerate our AI roadmap." Apple is increasing its investment in AI and integrating it into all areas of the company. Apple is integrating AI elements into its devices, including writing and Siri features. Apple (AAPL.O) reported revenue of $94.04 billion in the third quarter of fiscal year 2025, compared to $85.78 billion in the same period last year, and in line with market expectations of $89.53 billion. iPhone revenue was $44.58 billion, compared to market expectations of $40.22 billion. iPad revenue was $6.58 billion. Revenue in Greater China for the third fiscal quarter was $15.369 billion. Service revenue for the third fiscal quarter was $27.423 billion.
According to Onchain Lens, a newly created wallet received another 23,314 ETH from Galaxy Digital, valued at approximately $88.27 million. The wallet currently holds a total of 62,966 ETH, valued at approximately $233 million. Mill City Ventures Successfully Closes $450 Million Private Equity Fund and Launches Sui Treasury Strategy According to BusinessWire, Mill City Ventures III, Ltd. (NASDAQ: MCVT) announced the successful closing of $450 million in private equity financing and the official launch of its pioneering Sui blockchain treasury management strategy. The financing was led by London-based digital asset hedge fund Karatage Opportunities, with participation from the Sui Foundation and other institutions. Karatage co-founders Marius Barnett and Stephen Mackintosh serve as Chairman of the Board and Chief Investment Officer, respectively. Mill City currently holds 76,271,187 SUI tokens at an average purchase price of $3.6389 per token, making it the only publicly listed SUI treasury officially backed by the Sui Foundation.
Detailed Chart: Trump Sets Tariff Rates for Multiple Trading Partners, Ranging from 10% to 41%
US President Trump signed an executive order establishing "reciprocal tariff" rates for several countries and regions, ranging from 10% to 41%. For EU countries, if the current tariff on goods is below 15%, it will be increased to 15%; if it is above 15%, no additional tariff will be imposed.
US Stocks Close: All Three Major Indexes Fall, Newly Listed Figma Soars 256%
US stocks closed Thursday, with the Dow Jones Industrial Average initially down 0.74%, the S&P 500 down 0.37%, and the Nasdaq Composite slightly lower. Microsoft (MSFT.O) rose 3.9%, but its market capitalization failed to stabilize at $4 trillion. Meta (META.O) rose 11%, with design software giant Figma surging 256% on its first day of trading. The Nasdaq China Golden Dragon Index closed up 0.66%, with NIO (NIO.N) up 8% and Alibaba (BABA.N) up 2.7%. Coinbase CEO Brian Armstrong announced that Coinbase added 2,509 bitcoins in the second quarter of 2025, bringing its total holdings to 11,776. The cost basis was $740 million, and the fair value was $1.26 billion, a significant increase from Q1.
U.S. SEC Chairman Announces Major Measures to Accommodate Cryptocurrency Development
According to Reuters, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins announced a series of regulatory reforms aimed at accommodating cryptocurrency and blockchain transactions at the American Policy Priorities Institute on Thursday (US time). Atkins stated that he has directed the Commission to develop criteria for determining whether crypto tokens are securities and to provide innovative exemptions and clear regulatory guidance for market participants. The newly established "Project Crypto" will promote the modernization of securities regulations and expedite the implementation of the White House's recommendations for federal support for digital asset trading. To accommodate the trading of tokenized securities, the SEC may need to consider revising the National Market System Rules. This move is considered a major positive for the U.S. crypto industry and will accelerate the integration of crypto assets with traditional finance.
White House: Will impose 39% tariffs on Swiss goods, raise Canadian tariffs from 25% to 35%
According to Jinshi, the White House announced: A 39% tariff will be imposed on Swiss goods. The tariff rate for Pakistan will be 19%. A 19% tariff will be imposed on Malaysian goods; a 20% tariff will be imposed on Vietnamese goods; a 20% tariff will be imposed on Bangladesh; and a 15% tariff will be imposed on Israeli goods. In addition, US President Trump signed an executive order raising Canadian tariffs from 25% to 35%. The higher tariffs will take effect on August 1, 2025 (local time). Coinbase to Launch Tokenized Stocks and Prediction Markets in the US According to CNBC, Coinbase announced that it will launch new services in the US in the coming months, including tokenized stocks, prediction markets, derivatives, and early-stage token sales, expanding its core trading applications beyond cryptocurrencies. Coinbase Vice President Max Branzburg stated that the company is committed to building a "one-stop on-chain exchange" that enables on-chain trading of all assets and promotes a faster and more open global economy. These new services will also be gradually expanded to international markets, with the specific progress dependent on regulatory approvals in various regions. Puffer Finance Announces Upgrade of Puffer UniFi AVS, Offering Millisecond Transactions Puffer Finance has officially announced the upgrade of Puffer UniFi AVS, backed by over $13 billion in re-staked ETH. Built on EigenCloud, Puffer UniFi AVS provides sub-second execution and economic synergy for Rollups through a validator-backed gateway and real-time pre-confirmation mechanism. The pre-confirmation mechanism has become the default solution for Rollup-based scaling, enabling real-time execution and economic consistency. Puffer UniFi AVS offers the following features: 1. Layer 2 network pre-confirmation; 2. Millisecond transactions for high throughput; and 3. Economic consistency between Rollup owners and Ethereum proposers.
"Ancient whale holding 3,963 BTC after 14.5 years" sold another 180 BTC
According to on-chain analyst @ai_9684xtpa, the "ancient whale holding 3,963 BTC after 14.5 years" sold another 180 BTC. Over the past week, it is suspected that it has sold 330 BTC, approximately $39.04 million, at a cost as low as $0.37. Half an hour ago, 180 BTC (approximately $21.25 million) was transferred to the market maker-associated address bc1q5...zr2xn, which has interacted with multiple institutions, including B2C2, Galaxy, and Coinbase.
Mr. Trump's second son's stake in American Bitcoin could be worth $367 million
According to Bloomberg News, Eric Trump, the second son of President Trump, holds a significant stake in American Bitcoin, a company he co-founded in March. According to securities filings filed on Tuesday, his stake will be exchanged for approximately 367 million new shares of Nasdaq-listed Gryphon Digital Mining Inc. in a planned merger. With Gryphon's share price around $1 on Thursday, his stake could be worth $367 million when it goes public in the coming weeks. The merged company will be named American Bitcoin. Tether: Total holdings of US Treasuries exceed $127 billion, Q2 net profit approximately $4.9 billion According to its official blog, Tether International Limited (TIL) today released its Q2 2025 attestation report, showing that USDT issuance exceeded $13.4 billion in Q2 2025, bringing the circulating supply to over $157 billion (an increase of $20 billion year-to-date). By the end of the second quarter, Tether's total holdings of US Treasuries exceeded $127 billion, an increase of approximately $8 billion from the first quarter, making it one of the world's largest holders of US Treasuries. Meanwhile, shareholder capital of the company managing the reserve assets remained stable at approximately $5.47 billion compared to the previous quarter. Tether's net profit in the second quarter totaled approximately $4.9 billion, bringing its total net profit for the first half of the year to $5.7 billion. Year-to-date, TIL's recurring profit is $3.1 billion, excluding the market value contribution of gold and Bitcoin (which added $2.6 billion). As of June 30, 2025, the company's total assets will be at least $162,574,933,798; its total liabilities will be $157,108,009,474, of which $157,100,255,857 is related to its issued digital tokens; its assets exceed its liabilities; and its proprietary investments in emerging sectors such as artificial intelligence, renewable energy, and communications infrastructure through Tether Investments are not included in the reserves for issued tokens.
US Appeals Court Overturns Fraud Conviction of Former OpenSea Product Manager
According to The Block, on Thursday, the US Court of Appeals for the Second Circuit overturned the fraud and money laundering convictions of former OpenSea product manager Nathaniel Chastain, citing a dispute over whether the NFT information involved in the case constituted property. The judge partially agreed with Chastain's appeal, stating that the district court erred in instructing the jury, informing Chastain that he could be convicted of defrauding OpenSea if he misappropriated intangible interests unrelated to traditional property rights, a mistake that may have affected the verdict. In June 2022, Chastain was accused of using confidential information to secretly purchase dozens of NFTs before they were listed on the OpenSea platform, and then reselling them at a profit of two to five times the original price. The judges expressed uncertainty about whether the jury would have reached the same verdict if they had been properly instructed that fraud required misappropriation of property. They also noted that Chastain accused OpenSea founder Devin Finzer of purchasing MATIC tokens before OpenSea announced it would integrate its associated blockchain into its NFT platform. Thursday's ruling stated: "Chastain believes that Finzer's evidence of 'using similar company information for personal gain' demonstrates that the co-founder 'did not believe that company policy prohibited executives or employees from using similar company information for personal gain.'"
According to The Block, Bernstein stated in a note to clients on Thursday that the current crypto bull cycle is still in its early stages, and trading platforms like Robinhood and Coinbase are poised to benefit from increased trading volume and mainstream market adoption. Bernstein reiterated its "outperform" rating on both companies, expressing its continued confidence in their performance. The report shows that Robinhood reported strong second-quarter results on Wednesday and continued to expand its cryptocurrency product offerings. Its trading volume surged to a six-month high in July, driven by a rebound in market volatility and growing investor interest in ETH, SOL, and DeFi tokens, driven by factors such as Circle's listing. Cryptocurrency trading volume is expected to rebound significantly in the second half of the year. Furthermore, the report mentioned Coinbase's strategic partnership with JPMorgan Chase, a move that has significantly boosted the popularity of digital assets. JPMorgan Chase's embrace of an industry once criticized by its CEO will accelerate Coinbase's customer acquisition. Bernstein believes that the current crypto bull market is premature, and recent developments support this view, stating that "no action is needed" at this time.
The malware "JSCEAL" has faked cryptocurrency app ads and may have reached over 10 million users.
According to FinanceFeeds, cybersecurity firm Check Point revealed that since March 2024, a large-scale malware campaign dubbed "JSCEAL" has potentially reached over 10 million users through fake ads for popular cryptocurrency apps like Binance and MetaMask. These ads trick users into downloading programs loaded with malicious code capable of stealing passwords, Telegram accounts, and Bitcoin wallet information. The attack was spread through social media ads and phishing websites. The malware could log keystrokes, steal saved browser passwords, and tamper with encryption plugins like MetaMask to directly steal assets. It uses JavaScript obfuscation and anti-detection techniques, making it difficult for standard security tools to detect. At least 3.5 million users in the EU were exposed to related ads, with Asia also being severely affected. Experts point out that while ad exposure does not guarantee actual infection, the irreversible nature of cryptocurrency transactions raises concerns about the scale of the threat. Users are advised to download apps only through official channels and enable protective measures such as two-factor authentication.
Grayscale Launches Story Protocol Trust Fund
According to CoinDesk, Grayscale announced the launch of the Story Protocol Trust Fund, providing accredited investors with exposure to the protocol's native token IP. Story Protocol aims to transform intellectual property such as music, videos, and biometric data into programmable on-chain assets, automating copyright management and royalty distribution through smart contracts. Like other Grayscale products, Story Trust will be open for subscription daily to accredited investors, but secondary market trading is not guaranteed.
Tether-focused blockchain Stable completes $28 million seed round, led by Bitfinex and Hack VC
According to CoinDesk, Stable, a new blockchain project built around Tether's USDT, announced the completion of a $28 million seed round led by Bitfinex and Hack VC. Other backers include Franklin Templeton, Castle Island Ventures, and KuCoin Ventures, as well as angel investors such as Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson. The Stable blockchain aims to use USDT as its base gas token to build a fast, low-cost, and stable payment network. Its roadmap consists of three phases: the first will enable USDT gas fee payments and sub-second block confirmations; the second will provide block space guarantees for enterprise-level payments; and the third will focus on developer tools and performance upgrades. Bloomberg: Swedish payments giant Klarna considers restarting its US IPO as early as September According to Bloomberg, Swedish payments giant Klarna Group Plc is considering restarting its New York initial public offering (IPO) as early as September, citing people familiar with the matter. Following the recent surge in fintech stocks and the strong performance of US IPOs, the digital payments company is accelerating preparations for its initial stock sale, though discussions are ongoing and specific details, including timing, have not yet been finalized. Klarna filed its IPO application with the US SEC in March and plans to begin marketing its shares to potential investors. However, the company shelved the plan due to market turmoil caused by Trump's announcement of wide-ranging tariffs in April. Recently, the company has positioned itself as a digital bank, offering a variety of services, from checking and savings accounts to credit and debit cards. Earlier in February, Klarna's CEO stated that Klarna and individuals would embrace cryptocurrencies. Key US inflation indicators have risen, while consumer spending has remained nearly stagnant. According to Jinshi, the Federal Reserve's preferred core inflation measure accelerated in June, reaching one of the fastest rates of the year, while consumer spending barely grew, highlighting the factors that divide policymakers over the direction of interest rates. Data released Thursday showed that the core personal consumption expenditures (PCE) price index, which excludes food and energy prices, rose 0.3% from May. A year-on-year increase of 2.8% reflects limited progress in curbing inflation over the past year. Data showed that inflation-adjusted consumer spending rebounded slightly in June after declining in May. These data suggest that the pullbacks in the economy are dividing Federal Reserve officials on the path of monetary policy. On the one hand, progress on inflation has largely stagnated, and central bankers worry that President Trump's tariffs will put further upward pressure on prices. On the other hand, reduced consumer spending due to a weak job market could lead to an overall economic slowdown. Galaxy Report: Corporate Crypto Asset Holdings Surpass $100 Billion According to a report released Thursday by Galaxy Research, corporate cryptocurrency finance firms including Strategy, Metaplanet, and SharpLink have accumulated a total of $100 billion worth of digital assets. The report indicates that Bitcoin Finance Company holds the majority of the ETH, with over 791,662 BTC on its books, valued at approximately $93 billion and representing 3.98% of the circulating supply. Ethereum Finance Company, on the other hand, holds 1.3 million ETH, valued at over $4 billion and representing 1.09% of the ETH supply. However, as previously reported by The Block, the cumulative value of ETH treasury reserves held by 64 entities has exceeded $10 billion. These entities include publicly traded companies, crypto exchanges, DeFi protocols, non-profit organizations, and the federal government.
The U.S. core PCE price index rose 2.8% year-over-year in June and 0.3% month-over-month in June.
According to Jinshi, the U.S. core PCE price index rose 2.8% year-over-year in June, meeting expectations for 2.70% and the previous reading revised from 2.70% to 2.8%. The U.S. core PCE price index rose 0.3% month-over-month in June, meeting expectations for 0.30% and the previous reading of 0.20%.
According to an official announcement, Empery Digital (formerly Volcon), a US-listed company, announced it has increased its holdings by 303 bitcoins, bringing its total holdings to 3,803 bitcoins. Visa now supports Paxos-issued USDG and PYUSD in its stablecoin settlement services. Stablecoin issuer Paxos announced today that Visa supports Paxos-issued USDG and PYUSD in its stablecoin settlement services. Visa also officially announced support for the Stellar and Avalanche networks. Circle: Native USDC and CCTP V2 Coming Soon to Hyperliquid Circle announced in an official blog post that native USDC and CCTP V2 will soon be available on the Hyperliquid platform. Both native USDC and CCTP V2 will be deployed on the HyperEVM, enabling USDC deposits in HyperCore and any HyperEVM application. With CCTP V2, developers will be able to: enable users to securely transfer native USDC between Hyperliquid and supported blockchain networks with 1:1 capital efficiency; and build applications that enable seamless cross-chain access, swaps, purchases, and fund rebalancing, providing a seamless user experience.
Whale Alert stated on the X platform that, based on its research, the two 50 BTC transactions from dormant addresses earlier today were mined at the end of Satoshi Nakamoto's active period (approximately before block 54316). However, these blocks are extremely unlikely to have been mined by Satoshi Nakamoto. A complete list of blocks likely mined by Satoshi Nakamoto will be released soon.
The White House seeks "swift confirmation" of Brian Quintenz as CFTC Chairman
According to Bloomberg, after delays in confirming Brian Quintenz as Chairman of the U.S. Commodity Futures Trading Commission (CFTC) fueled speculation about his candidacy, the White House reiterated its support for Trump's nominee. The matter has garnered significant attention since the Senate Agriculture Committee abruptly canceled its vote on Quintenz's nomination on Monday. A majority of the committee must approve his nomination before the full Senate can approve it. At the time, a committee spokesperson stated that the White House requested the delay. According to sources familiar with the matter, cryptocurrency billionaire Tyler Winklevoss had urged the White House to halt or delay the confirmation process before the vote was postponed. However, the White House clarified on Wednesday that Quintenz remains the administration's top choice for the position. Spokesperson Liz Huston stated that Quintenz will help make the United States a cryptocurrency capital and expressed hope for his swift confirmation. After serving as a CFTC commissioner from 2017 to 2021, he has served as a senior executive in the cryptocurrency division of venture capital fund a16z and previously served on the board of directors of prediction market platform Kalshi. Quintenz stated that if confirmed, he would resign from both companies.
AllUnity, backed by DWS, Flow Traders, and Galaxy, launches Euro stablecoin EURAU
According to Bloomberg, AllUnity, backed by Deutsche Bank's DWS Group, Dutch market maker Flow Traders Ltd., and financial services provider Galaxy Digital Inc., announced Thursday the launch of the euro-denominated stablecoin EURAU. The token, issued on the Ethereum blockchain and fully collateralized by the reserves of several European banks, complies with the EU's regulatory framework for crypto assets. The Bullish Exchange will be its first listing platform. AllUnity CEO Alexander Höptner stated that while AllUnity is initially promoting its application in the cryptocurrency market, the ultimate goal is to make it a widely used payment method for large enterprises. AllUnity is currently in discussions with 30 unnamed companies for use. Earlier this month, AllUnity received an electronic money institution license from Germany's Federal Financial Supervisory Authority (BaFin) under the European MiCA (Mechanical Conduct Authority) and subsequently launched EURAU.
According to Lookonchain monitoring, whale 0x720A exited Hyperliquid with a $13.6 million profit, subsequently stopped perpetual swap trading, and purchased 3,322 ETH in spot trading (worth $12.84 million). Pudgy Penguins CEO: The team is involved in US crypto legislation, and the Penguin ETF will cover tokens and NFTs. Pudgy Penguins CEO Luca Netz stated that the Pudgy Penguins team and Abstract have officially participated in US cryptocurrency legislation as government advisors and have made multiple trips to Washington, D.C. to submit relevant recommendations. The team has submitted an application for the Penguin ETF, which will cover both Penguin tokens and NFTs.
Chicago Board Options Exchange Proposes Simplified Cryptocurrency ETF Listing Process
According to official news, the Chicago Board Options Exchange (CBOE) has submitted a new proposal, suggesting that cryptocurrency ETFs that meet standardized requirements could bypass the case-by-case approval process of the U.S. Securities and Exchange Commission (SEC) and achieve automatic listing. The proposal states that if a crypto asset has been trading in futures on a regulated market for at least six months, the relevant ETF will be eligible for listing. The proposal also stipulates that collateralized ETFs must develop a liquidity risk management plan when more than 15% of the ETF's assets are not immediately redeemable.
Data: The Cumulative Value of ETH Treasury Reserves of 64 Entities Exceeds $10 Billion
According to The Block, the total value of Ethereum reserve assets has exceeded $10 billion, reflecting the growing trend of companies adding Ethereum to their balance sheets. SER data shows that as of Thursday, the total value of strategic Ethereum reserves reached $10.58 billion, encompassing 64 entities holding more than 100 ETH. These reserves account for 2.26% of the total Ethereum supply. This $10 billion total includes reserve assets held by public companies, crypto exchanges, DeFi protocols, non-profit organizations, and the federal government. The largest Ethereum holder is Bitmine Immersion Tech, which has shifted its focus from Bitcoin mining to accumulating Ethereum. It holds 625,000 ETH (valued at $2.42 billion), and its chairman, Tom Lee, has previously stated his goal to acquire and stake 5% of the total Ethereum supply. Joseph Lubin's SharpLink Gaming follows closely behind, holding 438,200 ETH. The Ether Machine, ranked third, announced on Wednesday that it had purchased 15,000 ETH, bringing its reserves to 334,800 ETH. The combined ETH reserves of these three companies now surpass those of the long-dominant Ethereum Foundation, which currently holds 234,600 ETH.
According to Yonhap News Agency, the Financial Services Commission and the Financial Supervisory Service (FSS) today jointly established a working group (TF) with the Digital Asset Exchange Association (DAXA) and five crypto exchanges and held its first meeting to develop "Guidelines for Virtual Asset Lending Services." The TF will integrate overseas regulations, stock market regulations, and the characteristics of the Korean market to formulate a basic regulatory framework. The guidelines are expected to cover leverage, service targets, the scope of loanable assets, user education and risk disclosure, and will also discuss exchanges' internal control standards. Financial regulators have also asked exchanges to review high-risk services. Authorities plan to issue the guidelines next month and incorporate them into the second phase of virtual asset legislation.
