Global

South Korea is implementing a new regulatory measure aimed at cryptocurrency operators in the country. Effective July 19, the Financial Services Commission (FSC) introduced the ‘Virtual Asset User Protection Act,’ which mandates a supervisory fee based on the operating revenue of South Korean crypto exchanges.

Bitbank Inc., a leading Japanese cryptocurrency exchange, is gearing up for a significant milestone by preparing for an initial public offering (IPO) on the Tokyo Stock Exchange (TSE). This move positions Bitbank as the second Japanese crypto exchange to seek a public listing, following Coincheck’s planned merger to go public on Nasdaq.

Spot Ethereum ETFs marked their first positive day since their launch, ending a four-day streak of negative performance. The rebound came after a week of substantial outflows, particularly led by Grayscale’s Ethereum Trust (ETHE), overshadowing the initial success of ETH-based investment products.

Riot Platforms, a major player in the Bitcoin mining industry, reported total revenue of $70 million for the recent quarter, a decrease from the $76.7 million recorded during the same period last year. This decline is largely attributed to the Bitcoin halving event that took place in April.

In a landmark fundraising event, former President Donald Trump raised an impressive $25 million from key figures in the cryptocurrency industry. This high-profile event, held at a Bitcoin conference in Nashville, marks one of the largest single fundraising events for Trump’s campaign to date.

Manchester United has ventured into the realm of Web3 with the launch of 'Fantasy United,' a new football game built on the Tezos blockchain for the upcoming 2024/25 season.