South Korea to bring digital assets under new state asset management system

South Korea plans to adopt the National Asset Basic Act to update the countrys state asset management system from the outdated State Property Act of 1950.  The Ministry of Economy and Finance (MOEF) hopes to modernize the management of national assets and explicitly includes digital assets and intellectual property, broadening the definition of state assets, the MOEF announced during a briefing at the Presidents Blue House on Wednesday.  As part of the reform, the ministry also reiterated plans to tokenize government bonds on a blockchain to reduce transaction, as part of a 2027 pilot project. It also plans to explore the tokenization of state-owned real estate to encourage retail participation and share part of the generated returns with the public.  The move represents a significant regulatory development for South Korea, which has one of the worlds most active retail crypto markets. The framework seeks to shift the management of state-owned property from a legacy, real estate-focused framework to a new model focused on value creation.Report from South Korea’s Ministry of Finance and Economy. Source: mofe.go.kr  Seoul moves closer to CBDC, blockchain economy  On Tuesday, South Koreas government unveiled its 2026 Economic Growth Strategy for the Second Half, which includes plans to conduct a 2027 pilot

07-16انڈسٹری

Is Robinhood Chains success bullish or bearish for ETH the asset?

Robinhood Chain‘s explosive launch this month has reignited one of Ethereum’s longest-running debates: Do successful layer-2 networks increase demand for ETH, the asset, or do the new entrants capture all of the value for themselves?  The retail brokerage‘s Arbitrum-based Ethereum L2 has become one of Ethereum’s busiest rollups since its launch on July 1.  More than $141 million in Ether was bridged onto the chain in its first two weeks. DeFiLlama data shows more than half a million wallets now hold ETH on the network, and a memecoin frenzy saw Robinhood Chain surge past the Ethereum L1 and Coinbases Base L2 in 24-hour DEX trading volume.  Ether has pumped on the news, gaining around 15% from $1,582 on July 1 to $1,825 by July 13, according to Coingecko data, following a wave of bullish comments.  World Liberty Financial‘s Eric Trump posted on July 11, “ETH is pumping hard! Great to see!” while Tom Lee, chairman of BitMine Immersion Technologies, argued the launch reinforces the thesis that “ETH is money,” pointing to the asset’s role as the chain‘s native gas token and the L2’s finality on Ethereums mainnet.  Ethereum investors have heard similar arguments before.  Related: Robinhood L2 sparks ETH optimism, Saylor ‘muddies waters.’ Hodlers Digest, July

07-16انڈسٹری

Czech Republic tells ISPs to block Polymarket after gambling blacklisting

The Czech Finance Ministry added Polymarket to its list of unauthorized online gambling websites on Monday, requiring internet service providers (ISP) to block access.  The ministry listed the prediction market‘s website under the country’s Gambling Act, which prohibits operators from offering unlicensed online gambling services to Czech users.  Under the Gambling Act, ISPs must block access to websites included on the ministrys blacklist within 15 days of publication of the name.  Polymarket is a prediction market where users trade contracts tied to the outcomes of future events. The platform gained global attention during the 2024 US presidential election, with its markets widely cited as a gauge of election sentiment.  Polymarket and rival Kalshi have been restricted by regulators across the European Union, including in France, Germany, Poland, Romania and Spain.  Polymarket did not immediately respond to Cointelegraphs request for comment.  Prediction markets face watchdog scrutiny beyond Europe  Regulators in several jurisdictions argue that some prediction market contracts amount to unlicensed gambling or fall under existing financial market rules.  On July 3, the European Securities and Markets Authority (ESMA) warned that many prediction market contracts could already fall under existing restrictions on binary options if they meet the definition of financial instruments.  The regulator said companies cannot avoid EU financial

07-16انڈسٹری

Tether invests $20M into Argentine neobank Ualá

Stablecoin giant Tether reportedly invested $20 million in the Argentine neobank Ualá, as part of its broader push in Latin America.  The investment formed part of a $197 million equity funding round announced by Ualá in March and led by Allianz X, according to Bloomberg. Ualá disclosed Tether as a participant in the round at the time but did not reveal the size of its investment.  Cointelegraph contacted Tether for confirmation but had not received a response by publication.  Earlier in July, Tether announced a $20 million investment in Brazilian crypto exchange Mercado Bitcoin to support the expansion of its onchain infrastructure across Latin America.  In April, Tether led a $14 million Series A funding round for the Argentine crypto platform Belo, with participation from Titan Fund, The Venture City, Mindset Ventures, G2, and other existing investors.  Tether issues USDt (USDT), the worlds largest stablecoin, which had a market capitalization of $184.4 billion at the time of writing, according to CoinMarketCap.

07-16انڈسٹری

Ethereum is flashing a $478 million buy signal but top traders still expect it to fail

Ethereum has recorded $478 million in net exchange outflows over the last 7 days, a pace running roughly five times above average and the kind of supply-side move traders typically read as accumulation, according to Nansen.  Nansens data complicates that reading, as top-PnL wallets sold a net $64 million over the past seven days, and smart traders and whale accounts on Hyperliquid perpetual futures both hold net short positions.  “Smart traders” held $38 million net short, and whale wallets added another $21 million net short on top of that. Those are cohorts the market treats as genuinely informed traders, which gives their skepticism more weight.  A bar chart shows a $478 million net ETH outflow against short positioning: $64 million top-PnL selling, $38 million and $21 million net short.Why ETH/BTC is the real scoreboard  The renewed attention traces back to Ethereums underperformance against Bitcoin, a gap that widened earlier this year. ETH is down about 37.1% year-to-date, compared with Bitcoins 26.2% decline as of July 14, with the ETH/BTC ratio near 0.029.  The bounce from Junes low at 0.025 is short of the levels that preceded Ethereums past periods of leadership.  Citis March 2026 scenario work gives that recovery a price range to test against, with

07-16انڈسٹری

Dormant Bitcoin wallet moves $383M after more than 8 years

A Bitcoin wallet that had remained inactive for more than eight years has transferred 5,908 BTC worth about $383 million, reviving another long-dormant holding as traders continue tracking large onchain movements.  According to blockchain analytics platform Lookonchain, citing Arkham data, the wallet identified as “138EM…ReyiT” moved the entire 5,908 BTC balance to a new address at 7:15 p.m. ET on Wednesday. The coins remain in the recipient wallet, with no signs that they have been sent to a cryptocurrency exchange.  A #BitcoinOG transferred 5,908 $BTC($382.67M) to a new wallet after being dormant for 8 years.  The OG received 5,908 $BTC 8 years ago when $BTC was trading at $16,865 and had held it ever since.   The position is now up $283M (+284%).https://t.co/x77s7oSDhC pic.twitter.com/bw4dUN7y13  — Lookonchain (@lookonchain) July 16, 2026  Arkhams data showed the wallet originally received the Bitcoin in December 2017, when BTC traded near $16,800. The holdings were worth about $99.6 million at the time, compared with roughly $383 million at current market prices.  The timing of the original purchase makes the wallet notable. The holder kept the coins through Bitcoin‘s nearly 80% decline in 2018, its rally to almost $69,000 in 2021, the subsequent fall to around $15,500 in late 2022, and the record

07-16انڈسٹری

Crypto Social Activity Just Hit a Multi-Month Low: Why That Could Be Bullish for Bitcoin

Bitcoin remains under pressure, but the collapsing crypto discussion could leave room for whales to drive the next market move.  Discussion surrounding cryptocurrencies across X, Reddit, Telegram, and other social platforms has dropped to its second-lowest daily level since October 2024. This comes even as Bitcoin continues trading around the mid-$60,000 range.  According to the latest findings by Santiment, while the lack of conversation may appear bearish at first glance, it also reflects weak retail interest, which has often coincided with market turning points.  Crypto Chatter Fades  The current sense of “deadness” across social timelines can feel bearish, but Santiment described this disinterest as one of cryptos “most underrated forms of FUD,” while adding that when people stop posting, debating, and reacting to every market move, conditions become more favorable for large investors.  The analytics platform said markets can become easier for large investors to influence because fewer retail traders are actively crowding trades during periods of low engagement. “Whales don‘t need a euphoric crowd to accumulate,” it explained while adding that some of crypto’s strongest rebounds have formed when retail attention was low, sentiment was exhausted, and markets faced less resistance on the way higher.  Bitcoin continues to face pressure from macroeconomic uncertainty, swings in

07-16انڈسٹری

Market Analysts Describe Bitcoin‘s Latest Move as a “Borrowed Rally” — Here’s Why

Bitfinex Alpha reported that the lower-than-expected US inflation figures for June propelled Bitcoin to its highest daily close since June 22, but the rise is not yet backed by strong and sustainable demand.  According to the report, the recent movement in Bitcoin was largely driven by the repricing of macroeconomic expectations and the interest rate outlook. However, the market did not see sustained spot buying, a positive Coinbase premium, or continued ETF inflows independent of the price level. Bitfinex Alpha therefore characterized the rise as “borrowed strength.”  Analysts have identified the $68,000 to $68,300 range as a critical decision point for Bitcoin. They added that continued inflows into spot Bitcoin ETFs are necessary for the price to maintain its position above this range.  Related News A Cryptocurrency Platform Was Hacked: Major Losses Reported - Transactions Suspended  Yesterday, spot Bitcoin ETFs saw a total net inflow of $181.1 million, with BlackRocks IBIT fund accounting for $138.9 million of that amount. Bitfinex Alpha stated that flows in the coming days will show whether the outflow on July 13th was temporary and whether a new wave of strong inflows has begun.  The report warned that despite one of the most positive macroeconomic data releases of the year, the

07-16

U.S. Senate unanimously opposes clemency for Sam Bankman-Fried

The U.S. Senate has unanimously approved a nonbinding resolution opposing any federal clemency for FTX founder Sam Bankman-Fried.  Senators agreed to the measure by unanimous consent on July 15, meaning no senator objected when it was brought before the chamber.  The resolution states that Bankman-Fried should “under no circumstances” receive executive clemency, including a presidential pardon or sentence commutation. The Senate measure does not limit the presidents constitutional pardon power, but it places the chamber on record against clemency for the former FTX chief.  Senate backs bipartisan resolution without objection  The Senate approved S.Res.772, according to the U.S. Senate Daily Press. The measure also states that denying clemency would support the rule of law and the integrity of the U.S. financial system.  Agreed to by unanimous consent: S. Res. 772, A resolution expressing the sense of the #Senate that under no circumstances should Samuel Bankman-Fried receive executive clemency, including a pardon or commutation, and affirming the Senates commitment to the rule of law and…  — Senate Press Gallery (@SenatePress) July 15, 2026  Senators Cynthia Lummis and Ruben Gallego introduced the resolution on June 17. Lummis, a Republican from Wyoming, and Gallego, a Democrat from Arizona, serve on the Senate Banking Committees digital assets subcommittee. When introducing the

07-16انڈسٹری

Bitcoin rally has “borrowed strength” without spot demand, Bitfinex says

Bitcoins latest rebound may lack the buying support needed for a lasting breakout, according to the latest Bitfinex Alpha report.  Bitcoin closed at $65,086 on July 14, gaining 4.4% and recording its highest close since June 22. Bitfinex said softer US inflation data drove most of the move by changing expectations around interest rates rather than attracting steady Bitcoin-specific demand.  The report described the rally as “borrowed strength,” citing limited spot buying, a negative Coinbase premium and inconsistent inflows into US spot Bitcoin exchange-traded funds.  Bitfinex Alpha: Bitcoin Lacks Sustained Spot Buying Support  Bitfinex Alpha said the softer-than-expected US June CPI pushed Bitcoin to its highest close since June 22, but the rally was driven mainly by a repricing of macroeconomic expectations. The move lacked sustained spot… pic.twitter.com/n2qjHQf6mT  — Wu Blockchain (@WuBlockchain) July 15, 2026  Softer inflation data drives Bitcoin higher  The June Consumer Price Index fell 0.4% from the previous month, while annual inflation slowed to 3.5% from 4.2%. Core inflation stood at 2.6%, below market expectations.  The weaker inflation data reduced expectations for another Federal Reserve rate increase. According to Bitfinex, the odds of a July rate hike fell from 42% to around 12.3%, while the two-year US Treasury yield dropped as much as 14 basis

07-16انڈسٹری
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