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Today · 2026-08-18 · Tue

The Korean government plans to move forward with the Digital Assets Basic Law in the second half of this year

ON 14 JULY, ACCORDING TO THE SEOUL ECONOMIC JOURNAL, THE KOREAN GOVERNMENT ANNOUNCED IN ITS ECONOMIC GROWTH STRATEGY FOR THE SECOND HALF OF 2026, WHICH WAS RELEASED TODAY, THAT IT WOULD MOVE FORWARD WITH LEGISLATION ON THE DIGITAL ASSETS BASIC LAW IN THE SECOND HALF OF THE YEAR TO STRENGTHEN THE BLOCK CHAIN ECONOMY. THE BILL WILL BREAK DOWN THE DIGITAL ASSET INDUSTRY, ESTABLISH A REGULATORY SYSTEM FOR BUSINESS CONDUCT AND PROVIDE A LEGAL BASIS FOR THE INSTITUTIONALIZATION OF A STABLE CURRENCY. IN ADDITION, IN ITS ECONOMIC DEVELOPMENT STRATEGY FOR THE SECOND HALF OF THE YEAR, THE KOREAN GOVERNMENT HAS PROPOSED SUPPORT FOR THE REVISION OF THE CAPITAL MARKET ACT TO INTRODUCE SPOT ETFS FOR DIGITAL ASSETS SUCH AS BITCOIN; A STUDY ON THE INTEROPERABILITY OF THE CBDC INFRASTRUCTURE WITH OTHER BLOCK CHAINS; AND PLANS TO DEVELOP THE BASIC LAW ON NATIONAL ASSETS TO INCLUDE VIRTUAL ASSETS IN THE CONTEXT OF NATIONAL ASSET MANAGEMENT。

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Red Peak Gold is projected to increase net profits by 54 to 61 per cent in the first half of the year

The Red Peak Gold Proclamation projected a net profit of 1.7 billion to 1.78 billion yuan in the first half of 2026, an increase of 54 to 61 per cent over the same period. The net profits realized by the company in the half-year 2026 as attributed to the shareholders of the listed company and the net profits and losses from the non-recurring gains and losses attributable to the shareholders of the listed company increased significantly in comparison to the same period in the previous year, mainly benefiting from a substantial increase in the price of gold, which increased by about 43 per cent in the same period in the previous year。

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The Government of the Republic of Korea advanced the second stage of legislation of the Basic Law on Digital Assets

ACCORDING TO THE SEOUL ECONOMIC JOURNAL, IN THE ECONOMIC GROWTH STRATEGY 2026, PUBLISHED ON 14 JULY, THE KOREAN GOVERNMENT HAS INDICATED THAT THE SECOND PHASE OF LEGISLATION OF THE DFA WILL BE ADVANCED IN THE SECOND HALF OF THIS YEAR, WITH A BREAKDOWN OF THE TYPE OF BUSINESS IN DIGITAL ASSETS, THE ESTABLISHMENT OF A REGULATORY SYSTEM FOR BUSINESS CONDUCT AND THE PROVISION OF A LEGAL BASIS FOR STABILIZING THE DISTRIBUTION AND CIRCULATION OF CURRENCY. THE GOVERNMENT WILL ALSO DEVELOP A SYSTEM OF CROSS-BORDER STABILIZATION OF CURRENCY TRANSACTIONS, SUPPORT THE REVISION OF THE CAPITAL MARKET ACT TO INTRODUCE SPOT-ON ETFS FOR DIGITAL ASSETS, SUCH AS BTC, AND PLAN TO PILOT THE MONETIZATION OF NATIONAL DEBT LINKED TO KOREAN BANKING INSTITUTIONS WITH CBDC IN 2027。

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The Ministry of Home Affairs of Malaysia is investigating the digital Traveller community created by former Coinbase executive

On 14 July, Reuters reported that the Ministry of Home Affairs of Malaysia was investigating the digital Traveller community created by Balaji Srinivasan, a former chief technical officer of Coinbase, who had been accused of including Israelis who had violated immigration laws. The Malaysian Immigration Service indicated that Israeli passport holders were prohibited from entering Malaysia. However, Malaysia does not have a law prohibiting dual nationals from travelling on non-Israeli passports. Founded in 2024, the community's website describes it as “the front-line community of techno-optimists”, which aims to “transform the Internet community into a real entrepreneurship society”. The Ministry of Home Affairs of Malaysia indicated that the investigation would focus on determining the identity and nationality of the persons involved, the validity of the travel documents used and the purpose for which they entered Malaysia. According to the Ministry of the Interior, if any violations, misuse of immigration permits, provision of false information or any other violations affecting the security and interests of the State are found, stringent measures will be taken without compromise。

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CURRENCY SET-UP ADJUSTMENT OF SKHYNIXUSDT, SAMSUNGUSDT AND HYUNDAIUSDT FOR RENEWAL

FROM 16:15 (UTC) ON 14 JULY 2026, CHEONAN ANNOUNCED THAT THE FINANCIAL RATES FOR THE SKHYNIXUSDT, SAMSUNGUSDT AND HYUNDAIUSDT CONTRACTS WOULD BE ADJUSTED EVERY FOUR HOURS AND THE FINANCIAL CEILING/FLOOR WOULD BE ADJUSTED TO ±0.50 PER CENT. THE ADJUSTMENT TIME AND RATES ARE AS FOLLOWS: 16:00, 2026, SKHYNIXUSDT +0.50/-0.50 PER CENT, SAMSUNGUSDT AND HYUNDAIUSDT +2.0/-2.0 PER CENT, 2000, 14 JULY 2026, SKHYNIXUSDT +0.50/-0.50 PER CENT AND SAMSUNGUSDT AND HYUNDAIUSDT +0.50/-0.50 PER CENT, 15:00 AND 04:00, BOTH +0.50/-0.50 PER CENT ON 15 JULY 2026。

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ARK Invest: With the Taifung as a clearing layer, Robinwood Chain received only 0.15% of the revenues, and the prices were unreasonable

On 14 July, Lorenzo Valente, Director-General of ARK Invest Research, stated that Robinhod Chain had a total income of approximately $8.16 million since he had been on the line, of which Arbitrum had taken 10 per cent (approximately $80,000) as an intermediate provider, while the fare as a settlement had received only $1,538, or about 0.15 per cent. The profit structure of the three main participants was approximately 89 per cent for Robinwood, 10 per cent for Arbitrum and 0.15 per cent for the Ether. Valente stated that if ETH was to be regarded as a currency, Robinhod was built here as a sign of rise; if it was to be seen as an income-generating asset, it would constitute a fall. He pointed out that Robinhod's choice was based on technological strength and customized demand, rather than a single L1 such as Solana or Sui, but that the market did not offer the right price with the Taigpo “selling the most valuable settlements at marginal cost”. In his view, a more rational allocation should be 75 per cent for Robinhod, 10 per cent for Arbitrum and 15 per cent for the Ether。

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Coinbase CEO acknowledges the failure of the Base creator's token strategy and the official shift to trading, payment and AI intelligence Body

On 14 July, Chief Executive Officer Brian Armstrong of Coinbase acknowledged that Base ' s one-year-long lead-up of the author ' s content token line had failed and that the project had urgently adjusted its strategy in early 2026. Base had previously promoted a chain of tokens that bound the creators ' personal, social and social posts, during which he had once become the most active second tier of the new currency, but a large amount of it collapsed, ZORA had fallen 95 per cent at a higher point and many investors suffered losses. On social platforms, Armstrong stated that it was a corporate strategic miscalculation and should be reversed. In response to a question from the outside world that Base's bet on AI's smarts is only a new round of hot spots, he responded that Base's long-term route prioritizes transactions, payments, AI's smarts, and that current internal resources focus on the tradeboard. Along with the strategic shift, Base abandoned the social creator's currency narrative, shifted the focus to chain trading, stable currency payments and AI smart pay infrastructure, and promoted the self-study open source x 402 agreement and Coinbase for Agendas platform. The market will assess whether the current round of strategic adjustments can save the life of the Base chain through the upcoming second-quarter financial statements of Coinbase。

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Slow fog cosine: Desktop Telegram should open Passcode Lock to protect sensitive local data

On 14 July, the slow-spray founder cosine sent a reminder to users on platform X, suggesting that the desktop version of Telegram's Passcode Lock should be opened and that the password set, which was used to unlock the local use of Telegram and load local high-sensitive data (e.g. identity-related information), should be kept in mind. He stated that it should be understood why this measure was needed and that the specific reasons for it should be followed up。

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Coinbase CEO initiated a vote “Does bitcoin come to the bottom?” 54.9% of users think “No”

On 14 July, Chief Executive Officer Coinbase Brian Armstrong launched a vote “Did Bitcoin come to the bottom?” Of these, 45.1 per cent considered it “Yes”, while 54.8 per cent considered it “No”. At the same time, it was indicated that the areas of durability of contract transactions, stabilization of currency payments, forecasting of markets and monetization of RWA continued to grow。

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THE KOREAN FOUR DEPARTMENTS WILL MEET ON THURSDAY TO DISCUSS SINGLE-SHARP ETF RISKS

ON 14 JULY, THE KOREA TIMES REPORTED THAT THE KOREAN FINANCIAL REGULATORY AUTHORITY WOULD CONVENE A HIGH-LEVEL MEETING ON THURSDAY TO DISCUSS THE RISKS AND RESPONSES TO SINGLE-STOCK LEVERAGE ETF. THE MEETING IS EXPECTED TO TAKE PLACE WITHIN THE FRAMEWORK OF THE “F4 CONFERENCE” OF THE GOVERNMENT'S COORDINATION MECHANISM ON MACROECONOMIC AND FINANCIAL ISSUES, WHICH WILL BE ATTENDED BY OFFICIALS FROM THE MINISTRY OF FINANCE AND ECONOMY, THE FINANCE COMMISSION, THE FINANCIAL SUPERVISORY AUTHORITY AND THE CENTRAL BANK OF KOREA. SOUTH KOREAN STOCK MARKET VOLATILITY HAS CONTINUED TO INCREASE IN THE RECENT PAST, AND SINGLE STOCK LEVERAGE ETF IS RECEIVING INCREASING ATTENTION FROM REGULATORS AND MARKET PARTICIPANTS. IT WAS FELT THAT SUCH PRODUCTS HAD BECOME AN IMPORTANT FACTOR IN THE VOLATILITY OF STOCK PRICES. ACCORDING TO INFORMED OFFICIALS, THE SUPERVISORY AUTHORITY HAS BEEN COORDINATING RELEVANT PROGRAMMES INTERNALLY IN RECENT DAYS, BUT THE POLICY DIRECTION HAS NOT YET BEEN FINALIZED. POSSIBLE MEASURES DISCUSSED IN THE MARKET INCLUDED RAISING THE LEVEL OF SECURITY REQUIREMENTS, LIMITING DAILY PRICE VOLATILITY AND ADJUSTING THE LEVERAGE MULTIPLIERS. HOWEVER, IN THE VIEW OF REGULATORS, THESE MEASURES MAY ONLY SERVE AS A TEMPORARY MITIGATION TO ADDRESS THE STRUCTURAL CAUSES OF MARKET VOLATILITY. KIM XIAN

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SOFT SILVER SUN JUSTICE: THE AI BOOM WILL REQUIRE $5 TRILLION IN INVESTMENT PER YEAR

ON 14 JULY, SUN JUSTICE, FOUNDER OF THE SOFT SILVER GROUP, STATED THAT BY 2040, THE GLOBAL ARTIFICIAL INTELLIGENCE INFRASTRUCTURE WOULD REQUIRE $5 TRILLION IN INVESTMENT PER YEAR TO SUPPORT THE EXPANSION OF DATA CENTRES, POWER SUPPLY AND HUMAN ROBOTS, THUS FACILITATING THE SHIFT FROM A “HUMAN-CENTRED” WORKING MODEL TO A NEW ONE. HE NOTED THAT AS ARTIFICIAL INTELLIGENCE DEVELOPED INTO “AIS”, THE RESULTING INCOME WOULD JUSTIFY THESE HUGE EXPENDITURES. “AGENT INTELLIGENCE WILL REVOLUTIONIZE OUR LIVES — AND THAT CHANGE WILL BRING PROFIT,” SAID SUN JUSTICE. KIM XIAN

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Deutsche Bank maintains a 10-year long-term debt to the United States, which is expected to increase to 4.8 per cent at year-end

On 14 July, Deutsche Bank strategists stated in their latest report that maintaining an empty view of the length of the United States Treasury debt was due to the continued increase in the free circulation of government bonds in the four major economies of the United States, the United Kingdom, the euro zone and Japan, which was expected to push up the term premium on long-term bonds. By the end of this year, the Deutsche Bank expects that the United States will have increased to 4.80 per cent of its 10-year sovereign debt and 4.3 per cent of its 2-year national debt. This means that the United States debt yield curve will be “temperature and steeper” than current spot and forward levels. Kim Xian

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Korea Ministry of Finance: Korea Chip Manufacturers, Shipbuilding Enterprises, Inc

On Tuesday, 14 July, the Ministry of Finance of the Republic of Korea indicated that, as major chips and shipbuilding enterprises began to sell United States dollars in large quantities on the forward market, the coffers of Korea were improving. In a statement, the sector stated: “The foreign exchange market is expected to experience structural changes in supply and demand conditions in the second half of the year, based on strong fundamentals such as a record trade surplus.” On Tuesday, the Korean dollar rose by 0.75 per cent against the United States dollar, reaching 1486.30, the highest level since 12 May. Kim Xian

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