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DB Securities is partnering with the Ethereum Layer 2 (L2) Optimism Foundation to accelerate the establishment of its business framework for domestic and international token securities (STO) and real-world assets (RWA). According to Maeil Business Newspaper, the two parties signed a memorandum of understanding (MOU) in Manhattan, New York, to promote STO and RWA projects specific to South Korea's Jeju region and to explore collaborative business models. As their first joint initiative, they will develop a platform to tokenize real-world assets such as smart farms, livestock, and K-content intellectual property (IP).

SBI Global Asset Management, a subsidiary of a major Japanese financial group, has announced a partnership with Singapore-based blockchain platform DigiFT to offer an on-chain listed stock management strategy (JX) on Solana.

While South Korea's National Tax Service is creating a dedicated team and building a transaction analysis system ahead of next year's planned implementation of cryptocurrency taxation, a petition to abolish the tax has stalled in the legislature, Electronic Times Internet reported. The petition, which garnered more than 50,000 signatures, has been referred to the National Assembly but has not yet been scheduled for review. An official from the National Assembly's Strategy and Finance Committee stated that no schedule has been set for the petition. The official added that whether to discuss it alongside a similar bill to repeal the crypto income tax or to handle it separately is a matter for the party whips to decide. Previously, People Power Party lawmaker Song Eon-seog proposed an amendment to the Income Tax Act that would delete the provisions for taxing gains from the transfer or lending of virtual assets.

Aave (AAVE) has announced its selection of Chainlink's (LINK) Cross-Chain Interoperability Protocol (CCIP) as its standard for cross-chain infrastructure. Currently, CCIP handles cross-chain GHO transfers and multi-chain governance execution through the Aave Delivery Infrastructure (a.DI). Moving forward, it will also support cross-chain functionalities for the Aave app via Stable Vaults, including features such as vault rebalancing, yield optimization, deposits, and transfers. These cross-chain operations will take place between Ethereum, Base, and Arbitrum.

Iran's Revolutionary Guard Corps announced it destroyed a U.S. military satellite communications center, missile and air defense radar, a Patriot air defense system, logistics facilities at a U.S. military base, and HIMARS missile launchers located within Kuwaiti territory.

Online payment infrastructure company Stripe and private equity firm Advent International have proposed to acquire PayPal at an enterprise value of over $53 billion, according to Watcher.Guru.

South Korea's Financial Services Commission (FSC) announced today that it plans to establish a basic act on digital assets by the end of the year to foster an innovative ecosystem. The plan was detailed in the FSC's second work report to the president. According to Digital Asset, the report also includes measures for establishing a legal framework for security tokens (STO) to improve the capital market's structure. The FSC is currently preparing an enforcement decree to regulate the security token market.

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $115.04 million liquidated (93.87% shorts) - ETH: $128.01 million liquidated (90.06% shorts) - ZEC: $13.31 million liquidated (96.2% shorts)

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added cryptocurrency addresses on the Tron (TRX), Dogecoin (DOGE), Solana (SOL), Dash (DASH), Zcash (ZEC), and Litecoin (LTC) networks to its Cuba-related sanctions list, Livecoin reported. The sanctions target multiple trust funds and cryptocurrency wallets linked to the Cuban regime. These funds also include holdings in Bitcoin (BTC) and Ethereum (ETH).

Coinbase announced that it will support trading for SK Hynix (SKHY) stock perpetual futures starting from 9:00 a.m. UTC on July 15.

President Trump convened a meeting in the White House Situation Room on July 14 to discuss a large-scale offensive against Iran, Axios reported, citing three sources. The operation would reportedly be much broader in scope than the current airstrikes underway in the Strait of Hormuz area. Trump is said to be willing to escalate the conflict to exert enough pressure on the Iranian regime to open the Strait of Hormuz and accept his demands on its nuclear program.

Bitmine (BMNR) generated $45.7 million in revenue from its Ethereum (ETH) staking and validation business for the quarter ending May 31, accounting for approximately 98% of its total revenue, Cointelegraph reported. In contrast, the company's Bitcoin (BTC) self-mining revenue was $624,000, and consulting revenue was $168,000 during the same period. The report noted that Bitmine's business model has rapidly shifted toward ETH since the launch of its institutional staking platform, MAVAN, in March. Bitmine Chairman Tom Lee stated that the company now stakes the most ETH globally. He projected that if Bitmine stakes its entire ETH holdings through MAVAN and its partners, annual staking rewards could reach approximately $284 million.

Cryptocurrency influencer Ansem argued that Dogecoin's (DOGE) success is due to its ability to attract a new class of investors who resonate with internet culture and memes. In a post on X, Ansem noted that while average users spend four to six hours a day on social media like TikTok, Instagram, and X, they only use banking apps for an average of five minutes daily. He stated that people's attention and time are concentrated on online culture. According to Ansem, Dogecoin drew people into the market who had no prior stock investing experience, with its combination of famous figures and internet memes stimulating investment sentiment. As Dogecoin's market cap grew, institutional investors began to participate, expanding its community. He asserted that cryptocurrency is one of the few markets where one can invest in social and cultural trends in a tokenized form, adding that the next challenge is to build a structure that connects retail investor interest to sustainable value creation.

Argentine financial giant Grupo BIND has partnered with Circle to provide USDC to local institutions, Circle CEO Jeremy Allaire announced on X. Allaire added that the partnership is expected to increase liquidity between USDC and the Argentine peso (ARS).

The one-year lockup period for team and investor allocations of Pump.fun (PUMP) tokens has concluded, initiating the start of its unlock schedule, according to EmberCN. The first batch, approximately 57.3 billion PUMP valued at $86.49 million, was unlocked and distributed across 121 wallets on July 14. This marks the initial release in a three-year vesting schedule for team and investor tokens. EmberCN noted that while the tokens have been distributed to their respective wallets, this does not mean they will all be immediately sold on the market.

Tether has frozen four Tron network wallet addresses linked to Iran's Islamic Revolutionary Guard Corps (IRGC), Wu Blockchain reported. The assets in question are valued at approximately 131 million USDT. Most of the frozen funds were reportedly withdrawn from payment service provider DTC Pay and cryptocurrency exchange Bitso. The wallets were identified as being associated with the IRGC and Bank Markazi Jomhouri Islami Iran, also known as the Central Bank of Iran. Both institutions are under sanctions by the U.S. Office of Foreign Assets Control (OFAC).

Bitmine (BMNR), led by Tom Lee, appears to have purchased additional ETH, Lookonchain reported. According to the on-chain analytics firm, an address associated with Bitmine received a transfer of 6,000 ETH ($11.18 million) from FalconX seven hours ago.

T. Rowe Price plans to list an active crypto ETF (TKNZ) on the NYSE Arca, according to Bloomberg ETF analyst Eric Balchunas. The listing is expected to take place on July 16.

U.S. Federal Reserve Chairman Kevin Warsh has stated that the central bank will not step in to rescue the cryptocurrency market in the event of a financial crisis. According to The Wall Street Journal, Warsh told a House hearing on July 14 that he does not want to be involved in bailouts. He added that the Fed would do everything possible to mitigate such additional risks and intends to adhere to the principle of not bailing out specific sectors, including crypto, even if a crisis occurs in the coming years.

Circle has won an arbitration case after freezing the account of Heka Funds, a crypto fund supported by Tether, in late 2023, the Financial Times reported. According to the report, Circle froze the account on suspicion that Heka was disrupting market order with large-scale arbitrage and helping to expand Tether's market share. During the Silicon Valley Bank (SVB) crisis in 2023, when USDC temporarily fell below one dollar, Heka Funds purchased a large amount of the discounted stablecoin and then redeemed it for dollars from Circle. Circle suspected that Heka's redemption volume was significantly larger than that of other market participants and that the recovered funds ultimately flowed to Tether to be used for expanding the USDT supply. Heka filed for arbitration in 2024, claiming it lost approximately $49 million in profit opportunities due to the account freeze. However, in February of this year, an arbitrator dismissed all claims and ruled that Heka's actions were malicious. Heka was also ordered to pay Circle approximately $166,000 in legal and expert fees. Heka has denied the market manipulation allegations, stating it has never been investigated by regulators for the matter. Circle declined to comment, and Tether did not respond to media inquiries.

The Czech Ministry of Finance has added prediction market platform Polymarket to its list of illegal internet gambling sites, Bitcoin.com reported. Consequently, internet service providers (ISPs) must block access to the platform within 15 days. Jan Řehole, director of the Institute for Gambling Regulation, argued that while legal gambling allows the government to identify operators, participants, and suspicious transactions, prediction markets lack a corresponding supervisory framework. He asserted that these platforms, which permit betting on nearly any event including weather, political decisions, and security operations, are unregulated gambling products rather than risk-free innovations.

The Altcoin Season Index from crypto data platform CoinMarketCap has risen one point from yesterday to 52. The index is determined by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens, against Bitcoin. An altcoin season is declared when 75% of these top coins outperform Bitcoin over the past 90 days; otherwise, it is considered a Bitcoin season. A score closer to 100 indicates a stronger trend toward an altcoin season.

South Korean crypto exchange Upbit has joined the U.S. crypto lobbying group The Digital Chamber as a new member, according to an announcement by the organization on X. This follows Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), which also became a new member in June.

A buy-side sidecar has been activated on the KOSPI after the index surged 6%.

The Crypto Fear & Greed Index from data provider CoinMarketCap has risen seven points from yesterday to 34, though it remains in the 'fear' category. A score closer to 0 signifies extreme market fear, while a score nearer to 100 indicates extreme optimism. CoinMarketCap calculates the index based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data like the put-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's proprietary search data.