Flash News

13:1907-15

Morgan Chase: The rise of Hyperliquid is threatening the USDC business model of Circle

On 15 July, Chase Morgan lowered performance expectations for Circle (CRCL) and Coinbase (COIN), stating that the new cooperation agreement between the two companies and Hyperliquid weakened the USDC business model of Circle and posed a greater long-term threat to the stable currency distributor. According to Chase Morgan, this agreement has created a typical “prisoner\s Dilemma”: the stabilizer, Circle, and the encryption exchange Coinbase have had to compete with each other in order to expand the flow and use of USDC, a competition that would undermine the respective economic interests of both parties. According to Morgan Chase estimates, Hyperliquid currently holds approximately $6 billion in USDC, or about 8 per cent of total USDC flows. In a report released on Tuesday by the team of analysts led by Kenneth Worthington, “We believe that the change in the Hyperliquid partnership highlights the challenges of the Circle/Coinbase model, which could lead to a `prisoner dilemma' that would prompt both sides to compete with each other rather than to share the benefits in promoting USDC distribution. Hyperliquid has become one of the fastest-growing trading platforms in the encryption industry and the largest decentrized and sustainable contract exchange. In July alone, the platform traded more than $150 billion, equivalent to 11.5 per cent of Binance, indicating a continued increase in its share in derivatives markets。

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13:1507-15

OKX WILL GO ONLINE FOR DOLLAR-DENOMINATED SPOT TRANSACTIONS AND OPEN ON JULY 16TH

On 16 July, OKX will open its first decorative exchange, where users can open the price of shares or ETFs held and traded in "shares" and the assets are named in the form of "x" before the stock code (e.g. xnvda, xtsla). The product supports a 7x24-hour trade through the Solana and X Layer networks, which is priced at USDT and traded year-round, and non-trade-time prices are based on the latest offer and market estimates. Users do not need voucher accounts, trade directly with USDT, support strategic robotic transactions such as drops, grids, etc., and the dividends will be reinvested at the issuer level and returned in the form of increased shares。

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13:1307-15

The volume of encrypted money market transactions dropped to the lowest average in two years

According to Santiago data, the volume of transactions in the encrypted currency market has been declining since July 2024 and is currently at the lowest average for two years。

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13:0507-15

BTC AND ETH SPOT ETF NET INFLOWS ON 14 JULY

ON 14 JULY, BTC RECORDED NET INFLOWS OF ABOUT $181 MILLION AND ETH NET INFLOWS OF ABOUT $5.834 MILLION, RESPECTIVELY。

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13:0407-15

According to local officials, the Russian attack on the southern Ukrainian city of Odessa killed three people

According to local officials, the Russian attack on the southern Ukrainian city of Odessa resulted in three deaths。

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12:5707-15

Hyperliquid has a long line of storage. Pro-IPO now offers five times its IPO price premium

On 15 July, Hyperliquid entered the long-storage storage (CMXT) Pro-IPO and started trading. The current offer is around $8, more than five times its IPO price of $8.66/equity premium, which would mean that the market value of long-storage storage would reach RMB 3.6 trillion if the long-storage storage of IPO was raised to that price。

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12:5707-15

Stable Vaults of Aave will use Chainlink CCIP as a cross-chain infrastructure standard

Aave announced that Chainlink CCIP had been chosen as its cross-chain infrastructure standard, and that CCP was now taking over the implementation of cross-chain GHO transfers and multi-chain governance through Aave ' s infrastructure (a.DI) and that it would support the cross-chain logic of Aave App through Stable Vaults, covering such scenarios as treasury rebalancing, revenue optimization, deposits and transfers, which would take place between Ether, Base and Arbitrum。

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12:5607-15

high-altitude giant whales: 420.01 skhx space reductions, current gain/loss of $62,451.91

the number of skhx empty whales in the high-altitude sky was 420.01, or approximately $552,851.71, and the size of the warehouse was $3,735,691.44, at an average price of $1,460.41. the current surplus and deficit is +62,451.91 (+7.24 per cent) and the current price is $1,436.40 and the liquidation price is $1,683.89. the address, 0x4c78a97cef589b01bb91dbf893fffa14243d2444, remained in a deficit position, with a monthly loss of $6 million。

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12:5007-15

GoPlusSecure:TokenSecurityAPI is now supporting Robinwood

GoPlusSecurity announced that its Token Security API now supports Robinwood. Developers can now access token security data on Robinhood through GoPlus Token Security API, so that wallets, decentrized applications, exchanges and other applications can integrate credible security checks。

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12:4407-15

SBI and Digift and Startale, Singapore, initiated the technology validation of the DCOF

According to Coinpost, Asset Management Company SBI announced that a technical validation (POC) had been launched with Digift and Startale of Singapore to test the monetization of the Japanese equity fund settlement and distribution. The validation was carried out on the Internet with the testing of the Taifeng site, using a mock token of JPYS (Yen-Stabilized Currency issued by the SBI), and focused on testing the chain of settlement at the time of the Fund ' s purchase and the payment of dividends to the holder. If the test is successful, the programme is expected to reduce the time allowed for the settlement of securities transactions, which typically require multiple business days, to the second grade, and to automate and pay the dividends immediately。

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12:3807-15

The Linux Foundation launched the X402 Foundation to develop open payment standards for AI agents, API and applications

On 15 July, the Linux Foundation launched the X402 Foundation to develop open payment standards for AI agents, API and applications. Its 40 members are AWS, Google, Visa, Mastercard, Stripe, Coinbase, Ripple and Circle。

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12:3507-15

mystic whales are five times the size of $cxmt, and they've earned $44,000. dollar

According to the Lokonchain monitoring, a mysterious whale has set up a five-fold-leveraging multi-headed warehouse on $cxmt, with 20,000 dollarscxmt (valued at approximately $164,000), which is currently profitable at $44,000. In addition, he has set a limit list and plans to further increase the multi-head position of $cxmt between $5.8 and $7.2。

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12:3107-15

The Linux Foundation launched the 402 Foundation to develop the Open Payment Standards for AI Agents, API and Applications

The Linux Foundation announced the launch of the X402 Foundation, which aims to develop open payment standards for AI agents, API and applications. The Foundation ' s membership includes 40 prominent businesses such as AWS, Google, Visa, Mastercard, Stripe, Coinbase, Ripple and Circle。

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12:2807-15

Lummis: Clear Bill to be submitted to the Senate

Senator Lummis confirmed that a clear bill was about to be submitted to the Senate, and she stated: “We are ready to work on it every day for the past 10 months”. She added: “We will submit the bill in the next few days, and the next four weeks will continue.” She stressed, "It's time for this plane to land."

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12:2107-15

Chainlink became the default cross-chain solution for AAVE and $720 million withdrew from LayerZero

Chainlink was selected by AAVE as the default cross-chain solution, and with $720 million withdrawn from LayerZero, the introduction of AAVE to Chainlink CCIP highlighted the shift in prioritizing safety and formal risk assessment in DeFi infrastructure options。

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12:1907-15

A review of major developments in the afternoon of July 15th

7.00 to 12:00 Keywords: Bitmine, Coinbase, Clarity Act 1. Korea will set up strategic investment accounts to invest in strategic industries; 2. The United States Department of the Treasury has recently imposed sanctions on several encrypted addresses of Cuba; 3. Coinbase will go online on the SK Hercules and Lumentum contract for eternity; 4. United States finance chief Besent: frozen more than $130 million in Iranian digital assets; 5. Trump met in the War Situation Room to discuss a new wave of massive strikes against Iran; 6. Bitmine pledged $457 million in ETH in the last quarter, representing 98 per cent of total revenue; 7. The updated version of the CLARITY Act Bill may be postponed until later this week。

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12:1907-15

Slow fog: Drips Network lost approximately 24.9 million DAIs due to integer conversion holes

On 5 July, according to slow fog monitoring, Drips Network was attacked under the WCA agreement, resulting in the loss of approximately 249,000 DAIs. The slow-mog analysis revealed that the origin of the attack was the integer-type conversion defects of the Give (address, unit 128) function in the DaiDripsHub contract, which converted the sum of the uint128 type to the int128 type without verifying whether the reference exceeded the maximum value of int128. By entering specific values beyond the range of int128, the attackers turned the converted amount into a negative amount, which led to a reversal of the transfer direction, resulting in an abnormal withdrawal from the reserve contract to the aggressor ' s account, which eventually resulted in the depletion of the reserve funds。

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12:1907-15

KOREA ' S KOSPI INDEX SURGED BY 8.00 PER CENT IN THE DAY AND SK HERCULES BY 12.9 PER CENT

ON 15 JULY, THE KOREAN KOSPI INDEX ROSE BY 8.00 PER CENT IN THE DAYTIME, REPORTING 7407.70 POINTS. THE KOREAN-AMERICAN SEMICONDUCTOR ROSE BY 28 PER CENT, SK HERCULES BY 12.9 PER CENT AND TRISTAR ELECTRONICS BY 7.6 PER CENT. KIM XIAN

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12:1907-15

LEE MING: IT WILL TAKE TIME AFTER THE SOUTH KOREAN STOCK MARKET HAS SOARED TO URGE REGULATORS TO DEAL WITH THE LEVERAGE ETF DISPUTE

ON 15 JULY, PRESIDENT LEE YINGMING OF THE REPUBLIC OF KOREA STATED THAT IT WOULD TAKE TIME TO RESTORE STABILITY AFTER A SUBSTANTIAL INCREASE IN THE KOREAN STOCK MARKET IN A SHORT PERIOD OF TIME. IN A POLICY MEETING WITH SENIOR GOVERNMENT OFFICIALS IN SEOUL ON WEDNESDAY, LEE SAID: “THE DOMESTIC STOCK MARKET IN KOREA IS CURRENTLY QUITE UNSTABLE. AS MARKETS HAVE EXPERIENCED UNPRECEDENTED AND DRAMATIC INCREASES IN SUCH A SHORT PERIOD OF TIME, TIME AND A DEGREE OF VOLATILITY ARE NEEDED TO STABILIZE.” LEE ACKNOWLEDGED THE RECENT CONTROVERSY OVER LEVERAGE ETF AND URGED THE KOREAN FINANCIAL SUPERVISORY AUTHORITY AND THE KOREAN EXCHANGE EXECUTIVES TO DEAL WITH THE RELEVANT ISSUES QUICKLY AND TO DEVELOP A FOLLOW-UP RESPONSE. MARKETERS EXPECT THAT REGULATORS WILL BE ABLE TO CONTAIN THE IMPACT OF SUCH HIGH-RISK PRODUCTS ON MARKET STABILITY, INCLUDING A POSSIBLE INCREASE IN INVESTMENT LEVERAGE ETF MINIMUM BOND REQUIREMENTS. ON TUESDAY, SOUTH KOREA’S LARGEST OPPOSITION NATIONAL FORCE PARTY ACCUSED LEE OF SETTING AMBITIOUS STOCK MARKET GOALS WHILE IGNORING THE ACCUMULATED LEVERAGE RISK, THUS ENCOURAGING EXCESSIVE RISK-TAKING. KIM XIAN

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12:0707-15

THERE WAS A NET INFLOW OF US$ 181 MILLION FROM THE BITCOIN SPOT AND US$ 583.385 MILLION FROM THE ETF FROM THE TAIFENG

YESTERDAY (14 JULY U.S. EASTERN TIME) THE REAL ETF IN BITCOIN HAD A TOTAL NET INFLOW OF $181 MILLION, THE TOTAL NET INFLOW OF ETF IN THE TAIFENG HAD BEEN $583,385, AND NONE OF THE 10 ETFS HAD A NET OUTFLOW。

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