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South Korea’s Financial Services Commission (FSC) has specified the procedure for refunding virtual assets to victims of voice phishing and other financial scams, SBS Biz reported. According to a proposed amendment to the enforcement decree of the Special Act on the Prevention of Telecommunications-based Financial Fraud and Damage Refund, if the recovered asset is monetary, it will be refunded by its currency value. If it is a virtual asset, it will be returned by its type and quantity. In cases where the asset stolen from a victim differs from the asset remaining in a frozen fraudulent account, the refund will be made in the form of the asset present in the account at the time of the freeze. The FSC also plans to establish requirements for designating a dedicated institution to support the sale of virtual assets eligible for refunds. The amended decree is scheduled to take effect on Oct. 1, coinciding with the law's implementation date.

The volume of Bitcoin held at a loss is rapidly increasing, pushing investor sentiment into a phase of extreme contraction, according to on-chain analyst Darkfost. He noted that the proportion of unspent transaction outputs (UTXOs) in a loss state is growing, and the ratio comparing these to UTXOs in a profit state has reached an extreme level. Darkfost explained that such extreme readings typically emerge during periods of intense market stress, adding that the metric is highly consistent and less prone to distortion from price volatility because it simply calculates the ratio of UTXOs in loss versus those in profit. He suggested that the current signal of growing losses on held positions could be interpreted as an accumulation opportunity for long-term investors. However, he also warned to be cautious of a sharp rise in the ratio driven by a surge in profitable UTXOs amid excessive market optimism, as that could signal the end of a market rally.

DEXE has fallen by 4.13% in the past five minutes on the COINNESS market. Currently, DEXE is trading at $37.62.

A bill that defines cryptocurrency as a financial product passed Japan's House of Councillors on July 15, officially becoming law, CoinPost reported. Under the amendment, which shifts the legal basis for crypto regulation from the Payment Services Act to the Financial Instruments and Exchange Act, the Japanese government will apply a separate tax of approximately 20% to all crypto assets handled by operators. The new rules will also allow investors to deduct losses from profits for up to three years. Penalties for the unregistered sale of cryptocurrencies will be increased, with the maximum prison sentence rising from three to 10 years and the maximum fine increasing from 3 million yen to 10 million yen. Insider trading regulations will also be introduced for the first time, and certain crypto issuers will be required to make regular annual disclosures. The tax changes are scheduled to take effect on Jan. 1, 2028, if the law is implemented in fiscal year 2027. While the amendment establishes a regulatory framework for crypto ETFs, the approval of a Bitcoin ETF is not yet confirmed. Detailed standards regarding reserve levels, derivatives leverage, and requirements for custody and AML/CFT operators will be finalized in subsequent enforcement orders and supervisory guidelines. The bill had previously passed the House of Representatives in June.

South Korean crypto exchange Bithumb announced it has removed Gnosis (GNO) from its delisting watchlist, stating that the issues that led to the designation have been resolved.

U.S. Ethereum spot ETFs recorded a net inflow of $58.4 million (86.8 billion won) on July 14, according to data compiled by Trader T. This marks a return to net inflows just one day after the funds experienced a net outflow. - BlackRock ETHA: +$58.34 million - BlackRock Staking ETHB: +$60,000

U.S. spot Bitcoin ETFs recorded a total net inflow of $181.07 million on July 14, reverting to net inflows after just one day of net outflows, according to data compiled by Trader T. - BlackRock's IBIT: +$138.90 million - Fidelity's FBTC: +$21.07 million - Bitwise's BITB: +$3.50 million - Ark Invest's ARKB: +$3.64 million - Morgan Stanley's MSBT: +$7.40 million - Grayscale's Mini BTC: +$6.56 million

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot trading pair. The top section displays a Volume Heatmap, while the bottom shows the CVD. - The Volume Heatmap at the top tracks the volume of trades at specific price levels. The background color becomes brighter when the price remains in a certain range for an extended period or moves significantly. Brighter areas may act as potential support or resistance levels. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 51.4% long, 48.6% short - Binance: 51.92% long, 48.08% short - OKX: 53.06% long, 46.94% short - Bybit: 52.14% long, 47.86% short

The Bitcoin Coinbase Premium Index has remained in negative territory for 58 consecutive days, indicating sustained weak demand in the U.S. market. According to Coinglass data, the index registered -0.0851% as of 0:00 a.m. UTC on July 15. The metric has been consistently negative since May 19, after last recording a positive value of 0.0244% on May 18. The premium dipped to around -0.19% in late May and early June. It briefly recovered to -0.0622% on June 13 before falling again to -0.1163% the next day. This index measures the price difference for Bitcoin between the U.S.-based exchange Coinbase and the global average. A positive reading suggests buying pressure and institutional inflows in the U.S., while a negative value points to selling pressure and risk-off sentiment.

South Korea's Ministry of Finance and Economy is pushing to enact a new basic act on national assets to effectively manage emerging asset classes like cryptocurrency, The Block reported. This move comes as the country's existing State Property Act, established in 1950 with a focus on real estate, has proven inadequate for covering recently valuable assets such as crypto.

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).