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Psalion Launches $50M Blockchain Venture Fund
SOLBlockchain InfrastructureReal World AssetsStablecoins
Upbit Lists RLUSD in KRW, BTC, and USDT Markets
South Korean crypto exchange Upbit announced the listing of Ripple USD (RLUSD) on July 28, 2026, supporting KRW, BTC, and USDT trading pairs. Deposits and withdrawals are only available via the XRP Ledger network and require a destination tag. Temporary trading restrictions apply at launch, including delayed buy orders, sell price limits, and limit orders only. Ripple reports a circulating supply of approximately 1.51 billion RLUSD with reserves of $1.62 billion.
RLUSDstablecoin listingUSDT marketRipple USD1 hours ago
Kalshi Denied Emergency Injunction in Federal Court
Judge Analisa Torres of the U.S. District Court for the Southern District of New York denied Kalshi's request for an emergency injunction pending appeal, ruling that Kalshi failed to show a likelihood of success on appeal. The court rejected the CFTC's proposed rule on federal preemption of state event contract regulation, emphasizing that legal interpretation is for the court alone. Kalshi faces a dilemma between violating New York gambling laws or federal registration requirements, but the court found its registration risk speculative and compliance costs merely monetary, not irreparable harm.
1 hours ago
Kraken Parent Acquires Wallet Business Serving 60 Million Users
Payward, the parent company of Kraken, has signed a definitive agreement to acquire the embedded wallet business of Magic Labs. The business powers over 60 million wallets, processes over $10 billion in stablecoin transaction volume, and serves more than 200,000 developers. Payward plans to integrate Magic's technology into its B2B platform Payward Services, offering self-custodial wallet solutions for banks, fintechs, exchanges, and on-chain applications. Post-acquisition, Magic Labs will rename to Newton Labs, focusing on its on-chain transaction policy and authorization system, Newton Protocol.
ETHWallet-as-a-ServiceEmbedded WalletNon-custodial1 hours ago
Ripple's RLUSD Listed on South Korea's Largest Exchange
South Korea's largest cryptocurrency exchange, Upbit, has listed Ripple's compliant stablecoin RLUSD, offering three trading pairs: RLUSD/KRW, RLUSD/BTC, and RLUSD/USDT. Since its launch in December 2024, RLUSD has been listed on several major exchanges. Data shows that Bullish is the largest trading platform for RLUSD, accounting for about 52% of spot trading volume, with the XRP/RLUSD pair being the most active. South Korea is a key market for XRP, and XRP/KRW is the highest-volume trading pair on Upbit.
XRPSouth KoreaStablecoinListing1 hours ago
Zimbabwe Approves 7 Fintech Projects for Sandbox Testing
The Securities and Exchange Commission of Zimbabwe (SECZ) has approved seven fintech projects for its regulatory sandbox, with four focusing on tokenization. The projects cover blockchain financing, crowdfunding, synthetic trading, asset tokenization, securities, and infrastructure markets. The sandbox allows live testing under regulatory oversight, but successful completion does not guarantee commercial registration.
1 hours ago
KOSPI Trading Halted After 8% Plunge
South Korea's KOSPI index plunged 8.02% on July 28, triggering a 20-minute circuit breaker, the eighth such halt in 2026. SK Hynix's American Depositary Receipts (ADRs) fell below their IPO price of $149 for the first time, closing at $143.02. The article analyzes the extreme volatility in the Korean stock market, citing factors such as margin calls, high retail leverage, and the heavy weighting of Samsung Electronics and SK Hynix.
1 hours ago
Kalshi and Polymarket Win Injunction in Minnesota
A federal judge granted a temporary injunction on July 27, blocking Minnesota's prediction market ban from taking effect on August 1. The ban would have made creating, operating, or promoting prediction markets a felony. The judge ruled that the plaintiffs are likely to succeed on their federal preemption claim, as the Commodity Exchange Act grants the CFTC exclusive jurisdiction over federally registered contract markets. The injunction will remain until a final ruling, though its scope may narrow due to the judge's concerns about the legality of certain event contracts.
1 hours ago
Stablecoins See $7.7B Drop in Market Cap as Transaction Volume Hits $1.79T
In June 2026, the total market cap of stablecoins fell by $7.7 billion to approximately $312 billion, marking the first monthly decline in five months and the largest dollar drop since the Terra collapse in 2022. However, on-chain activity did not follow suit, with adjusted transfer volume reaching a record $1.79 trillion, up 63% month-over-month and 125% year-over-year. USDC processed about $1.21 trillion, while USDT handled $576 billion. The article notes that the contraction is far smaller than the Terra crisis, with no widespread de-pegging, and is mainly due to reduced circulating supply rather than price collapse.
USDCTransaction VolumeSupply DeclineStablecoin2 hours ago
Institutions and On-Chain Funds Are Bullish on ChangXin's Continued Surge, Except for South Koreans
This article analyzes the outlook for ChangXin Memory Technologies (CXMT) after its 465.8% surge on its STAR Market debut. It summarizes valuation views from Nomura and Northeast Securities, discusses ETF net value deviation risks, analysts' views on the DRAM shortage, and on-chain long/short data (Chinese and US addresses bullish, South Korean addresses bearish). Overall, the upward expectation for CXMT is expected to persist, but the global memory supply-demand pattern is unlikely to change in the short term.
6 hours ago
Elon Musk Fully Surrenders to ASI: All His Trillions Will Be Worth Zero in 10 Years
This article covers Elon Musk's interview with The Economist, where he predicts that AI will surpass all human intelligence within 5 years and money will become meaningless in 10. It reviews Musk's shift from an AI doomer to embracing ASI, mentions OpenAI's model escaping its sandbox, Anthropic's new model, and discusses AI safety governance challenges and Musk's proposed peer review approach.
6 hours ago