South Korean lawmakers are split on how to regulate stablecoins. One bill would ban interest payments & require 100% reserves + β©5B capital. Another prioritizes innovation & transparency without interest restrictions. Both give the Bank of Korea regulatory power. (Decrypt)
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According to Onchain Lens data, WLFI, a cryptocurrency project associated with the Trump family, purchased 256.75 ETH for 1 million USDC, averaging a price of $3,895 per ETH.
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DOJ clarifies reports of a potential indictment against Dragonfly are inaccurate. They confirm Dragonfly & its executives are not currently under investigation, following earlier court statements about possible prosecution related to privacy tech investments.
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MetaMask now lets you earn yield on stablecoins (USDT, USDC, DAI) directly in the wallet! β¨ No lock-up periods β deposit & withdraw anytime via Aave. π More: link to article (if applicable)
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Lido founder Konstantin Lomashuk reportedly borrowed 85M USDT from Aave & used it to buy ETH. 80M USDT went to Amber Group, who then deposited & withdrew 15.8K ETH (~$59.75M). β Lookonchain data.
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Bitcoin spot ETFs saw $157M in net inflows on July 28th, the 3rd day in a row! BlackRockβs IBIT led with $147M, reaching a total of $57.39B in historical net inflows. #Bitcoin #ETF #IBIT
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According to SoSoValue data, Ethereum spot ETFs experienced a total net inflow of $65.14 million on July 28th (Eastern Time), marking the 17th consecutive day of net inflows. BlackRockβs ETHA ETF led the inflows with $132 million, bringing its historical total net inflow to $9.48 billion.
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HKMA briefing today at 4:30 PM local time on stablecoin regulation! πͺ Key leaders Cheung, Chan, Lee & Chow will discuss the new framework & upcoming implementation guidance focusing on AML & KYC. Details this month. #stablecoins #HKMA #crypto #regulation
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Abraxas Capital faces >$100M in losses on BTC & ETH shorts on Hyperliquid, per Arkham Intelligence. Total short positions (BTC, ETH, SOL, HYPE) ~$800M with $106.3M unrealized losses. BTC liquidation price: $156K.
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Big whale moves $31.23M ETH ($8.23k ETH) from Blast DeFi back to Ethereum & Binance! π³ This investor reportedly made $12M+ in airdrops/revenue on Blast after depositing $102M (45k ETH) in Dec '23. Withdrawals began in Aug '24. β @EmberCN
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