🔍Market Summery

Our detailed market analysis is being prepared and will be published here soon — stay tuned for insights and trends.

South Korea’s largest bank to launch payment service on JPMorgan’s Kinexys

South Korea’s largest bank to launch payment service on JPMorgan’s Kinexys

South Korea’s KB Kookmin Bank will launch a blockchain-based cross-border payment service for import and export businesses in August using JPMorgan’s Kinexys network, according to multiple local media reports.Kinexys, formerly known as Onyx, is JPMorgan’s blockchain platform for institutional paymen…

Bitcoin advocacy group to join US State Department’s ‘digital freedom’ program

Bitcoin advocacy group to join US State Department’s ‘digital freedom’ program

The US Department State Department has launched a program to “advance diplomatic efforts on digital freedom and freedom of expression” using a Bitcoin (BTC) advocacy organization as a partner.In a Friday X post, the Bitcoin Policy Institute (BPI) said that it would be a founding partner in the US St…

Binance joins STOP THE TRAFFIK in anti-human trafficking effort

Binance joins STOP THE TRAFFIK in anti-human trafficking effort

Binance has partnered with nonprofit STOP THE TRAFFIK to bolster its ability to identify and investigate cryptocurrency activity linked to human trafficking and child exploitation.The crypto exchange said Thursday that it will receive specialized intelligence, training and insights from the UK group…

Strategy-led group pledges $15M to quantum-proof Bitcoin network

Strategy-led group pledges $15M to quantum-proof Bitcoin network

Michael Saylor’s Strategy announced the launch of the Bitcoin Security Consortium, a group of financial institutions and Bitcoin companies supporting the long-term quantum security of the Bitcoin network.The consortium pledged an aggregate $15 million over the next three years to support developers …

Bitcoin may have bottomed before its traditional cycle low: Grayscale’s Pandl

Bitcoin may have bottomed before its traditional cycle low: Grayscale’s Pandl

Crypto-focused asset manager Grayscale said that Bitcoin’s price may have bottomed earlier than the traditional four-year cycle, which would imply a cycle low in September or October.Grayscale’s head of research, Zach Pandl, argued that Bitcoin (BTC) has “grown up” as an asset and is increasingly dr…

SEC settles Coinbase suit over ‘text messages that disappeared’

SEC settles Coinbase suit over ‘text messages that disappeared’

The US Securities and Exchange Commission agreed to pay $150,000 in legal fees to settle a Coinbase lawsuit seeking internal records from the agency at the height of the Biden-era SEC crackdown on crypto.The agreement, filed on Wednesday, ends a two-year lawsuit between the SEC and Coinbase, in whic…

AFX protocol reportedly loses $24M in bridge exploit

AFX protocol reportedly loses $24M in bridge exploit

AFX, a decentralized perpetual exchange operating on Arbitrum, reportedly lost $24.15 million on Wednesday in an exploit targeting one of its crosschain bridges.Blockaid said Wednesday it detected an exploit at 9:30 pm UTC targeting a bridge operated by AFX. Offchain Labs co-founder Stephen Goldfede…

Bitcoin price avoids major Iran jitters as S&P 500 ‘short squeeze’ on horizon

Bitcoin price avoids major Iran jitters as S&P 500 ‘short squeeze’ on horizon

Bitcoin (BTC) held higher on Wednesday as crypto and risk assets continued to brush off US-Iran war tensions.Key points:Bitcoin limits its comedown from five-week highs despite fresh escalation in the US-Iran war.US stocks also ignore the potential risks, as analysis warns that shorts could pay as a…

SEC’s Peirce says crypto vaults and onchain lending may fall under securities laws

SEC’s Peirce says crypto vaults and onchain lending may fall under securities laws

SEC Commissioner Hester Peirce said crypto vaults and onchain lending products may fall under US securities laws, urging developers to assess whether products that actively manage user assets require regulatory compliance.In a statement published Wednesday, Peirce said crypto vaults and lending stra…

Balaji’s Network School turns to Kazakhstan amid Malaysia setback

Balaji’s Network School turns to Kazakhstan amid Malaysia setback

Balaji Srinivasan’s Network School, a community of “digital nomads,” is eyeing a new campus in Kazakhstan after its Forest City campus had its business license revoked over alleged premises-use violations.A memorandum of understanding was signed between Kazakhstan’s Minister of Digital Development, …

OpenAI says AI models escaped containment to hack Hugging Face

OpenAI says AI models escaped containment to hack Hugging Face

OpenAI disclosed Tuesday that a combination of its AI models, including GPT-5.6 Sol and a more capable unreleased model, escaped its testing environment and hacked AI startup Hugging Face last week to cheat on a test meant to measure their capabilities.In a blog post, OpenAI said the evaluation was …

Pavel Durov says Telegram to roll out native Gram crypto wallet

Pavel Durov says Telegram to roll out native Gram crypto wallet

Telegram plans to roll out a native non-custodial Gram wallet across its messaging app this summer, potentially bringing self-custody crypto payments to more than 1 billion monthly active users.In a post on Wednesday, founder Pavel Durov said the wallet would allow users to send cryptocurrency insta…