Upbit will add Derive’s DRV token to its Korean won, Bitcoin and Tether markets on July 14. Summary Upbit adds DRV trading against KRW, BTC and USDT, expanding Derive’s access across South Korea. Derive migrated LYRA holders into DRV and now operates an onchain options and perpetuals exchange. DRV’s total supply now stands at 1.5…
The launch of Robinhood Chain on an Ethereum layer-2 network is bullish for long-term value and network effects, argue analysts. Robinhood Chain has generated $816,000 in gross revenue since launching on July 1, with 89% captured by Robinhood, 10% by Arbitrum as middleware, and only 0.15%, or $1,538, paid to Ethereum for settlement, which…
White House crypto adviser Patrick Witt will take a months-long leave at the end of July to complete mandatory military legal training with the Georgia Army National Guard. Summary Patrick Witt will leave the White House for mandatory Georgia Army National Guard legal training. Harry Jung is expected to assume Witt’s duties as CLARITY Act…
Perpetual futures may amplify volatility by forcing leveraged traders into liquidations as prices start to drop. Long-time crypto trader Ogle warned on July 13 that small meme coins with limited liquidity can collapse within minutes when a few large holders decide to sell. Pointing to recent losses around the latest sensation in the space,…
Gondor has introduced a portfolio-backed margin account that allows Polymarket traders to borrow against their entire prediction market holdings instead of individual positions. Summary Gondor launches V1 with portfolio-backed borrowing for Polymarket traders. Cross-margin replaces isolated lending after a seven-month beta program. Private access begins next week, with a public launch planned for September. According…
Despite the broader selloff, analysts argue that BTC has shown relative strength by holding important support levels during market stress. South Korea’s KOSPI index fell 8.95% on July 13 after an intraday circuit breaker was triggered, with chipmaker SK Hynix dropping more than 15%. The market shock has raised concerns that a wider risk-off…
Strategy has raised $466.7 million through fresh MSTR stock sales while leaving its Bitcoin holdings unchanged at 843,775 BTC for the week ending July 12. Summary Strategy raises $466.7 million through MSTR stock sales. Company keeps Bitcoin holdings unchanged at 843,775 BTC. Standard Chartered maintains $100,000 Bitcoin target despite treasury concerns. According to a Form…
Some observers argue that the biggest concern may not be profit, but whether a state-backed attacker would accept losses to damage Bitcoin. A Duke University finance professor, Campbell Harvey, has said that a 51% attack on Bitcoin, long dismissed as a theoretical exercise that would only destroy value for whoever tried it, has quietly…
President Donald Trump has confirmed that he will unveil newly declassified 2020 election intelligence during a Thursday night address alongside top U.S. national security officials. Summary Trump will deliver a primetime address on newly declassified 2020 election intelligence. Government reports found no evidence foreign actors changed votes or election results. Markets are watching as Polymarket…
The attacker relied on trusted corporate accounts to create instant credibility before quickly cashing out their token holdings. A hacker made off with over $135,000 after hijacking the X accounts of SpaceX and Starlink to promote a meme coin. The profiles were used to shill a Robinhood-based token that briefly hit a $2 million…
