8 July 2025
|
Grayscale updates DEFG and GSC funds, adds ONDO and HBAR
Crypto asset manager Grayscale Investments announced in a GlobeNewswire press release that it has revised the asset weightings of its funds following its second-quarter 2025 review. In line with the CoinDesk DeFi Select Index methodology, the company rebalanced its Decentralized Finance (DeFi) Fund (DEFG) by proportionally liquidating existing holdings and using the proceeds to purchase Ondo (ONDO), which has been added to the portfolio. In a separate adjustment to the Smart Contract Platform Fund (GSC), Polkadot (DOT) was removed and Hedera (HBAR) was added.
|
Bithumb files trademarks for SOLIDKRW and KRWSTABLE stablecoins
According to data from the Korea Intellectual Property Rights Information Service (KIPRIS), South Korean crypto exchange Bithumb has filed trademark applications for Korean won-based stablecoin names "SOLIDKRW" and "KRWSTABLE."
|
Korea’s Upbit operator files 66 trademarks for won stablecoins and fiat-crypto pairs
Dunamu, the operator of South Korean crypto exchange Upbit, has filed dozens of trademark applications related to Korean won-based stablecoins, according to Insight Korea. These include names such as KRWUB, UBKRW, KRWUP and UPKRW. The company has also filed trademarks that combine other fiat currencies such as the U.S. dollar (USD), euro (EUR) and Japanese yen (JPY) with major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). In total, Dunamu has submitted 66 trademark applications.
|
Japan’s Remixpoint to pay CEO in Bitcoin
Japanese energy consulting firm Remixpoint, which has adopted a Bitcoin (BTC) investment strategy, announced that its CEO will receive his salary in BTC. This marks the first time a publicly listed company in Japan has paid an executive in BTC. According to JinSe Finance, Remixpoint currently holds 1,051 BTC.
|
South Korean man fined $1.1K for attacking Delio CEO over crypto losses
A man in his 40s has been fined 1.5 million won ($1,100) by a Seoul court for assault and unlawful entry after attacking Delio CEO James Jung at his home, according to a report by Digital Asset. The incident arose from the 2023 suspension of deposits and withdrawals at the South Korean crypto lending platform Delio, which resulted in financial losses for investors. The man, reportedly Delio’s largest creditor, had entrusted the platform with crypto assets including 87 BTC and 190 ETH, worth an estimated 10 billion won ($7.31 million). He has chosen not to contest the summary order and is expected to pay the fine without requesting a formal trial.
|
Japan's Metaplanet considers buying digital bank as part of Bitcoin strategy
Metaplanet, a publicly listed Japanese firm focused on Bitcoin (BTC) investments, is considering acquiring a digital bank in Japan to support its expansion plans, according to Cointelegraph. CEO Simon Gerovich said the company is prioritizing BTC accumulation, aiming to eventually leverage its holdings to acquire profitable businesses. He noted that a digital bank could allow Metaplanet to offer retail financial services that outperform current offerings.
|
Trump’s second son to speak at BTC Asia conference in August
Eric Trump, the second son of U.S. President Donald Trump, is scheduled to speak at the BTC Asia conference in Hong Kong from Aug. 28 to 29, according to CoinDesk.
|
24-hour crypto perpetual futures liquidation breakdown
Here is the breakdown of crypto perpetual futures liquidation over the last 24 hours.
- BTC: $35.29 million, Long 87.35%
- ETH: $33.17 million, Long 76.71%
- VIC: $12.34 million, Short 78.97%
|
7 July 2025
|
Bithumb continues liquidity incentives for select users after pausing maker program
South Korean crypto exchange Bithumb has been providing financial incentives to select high-volume traders, despite temporarily pausing its maker incentive program on June 1, according to a report by Chosun Biz. The exchange reportedly contacted certain users to notify them of a limited-access event, offering up to 500,000 won ($363) per day for supplying liquidity in specific tokens. A Bithumb spokesperson described the initiative as a small-scale, short-term marketing effort aimed at re-engaging users with declining trading activity. The spokesperson added that the program was part of typical corporate marketing activities and was not publicly disclosed.
|
Plume launches SkyLink on Tron
Plume Network (PLUME), a regulated real world asset (RWA)-focused blockchain network project, has integrated SkyLink with the Tron (TRX) network, enabling stablecoins on Tron to access real-world asset-backed yields, including U.S. Treasuries and private credit. According to CoinDesk, this development expands Plume’s reach and allows users to invest in institutional-grade assets through its omnichain RWA yield protocol, leveraging Tron's global user base.
|