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According to Jinshi reports, Musk stated that if Starship can achieve instant and complete reusability, and local production of liquid oxygen and liquid methane, its launch cost will drop to far below $100 per kilogram.

According to Jinshi reports, SpaceX proposed to deploy up to 1 million satellites in low Earth orbit to create a solar-powered space artificial intelligence data center.

Mirae Asset has completed the acquisition of Korea's earliest cryptocurrency exchange Korbit at 97.15% and has renamed it Digital X.The company plans to develop Digital X into a smart investment platform, integrating real-world assets, security tokens, stablecoins, traditional assets, and digital assets within the same ecosystem. Mirae Asset stated that it will not directly compete with dominant exchanges like Upbit and Bithumb, focusing instead on investor education, research, strict compliance standards, and institutional-grade infrastructure.

According to the Korea Herald, Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, will acquire a total of 97.15% equity in the South Korean cryptocurrency exchange Korbit. Korbit stated on July 23 that Mirae Asset Consulting completed the acquisition of 91.7% equity on the 22nd and is expected to acquire the remaining 5.42% equity on the 24th to complete the transaction.Previously, Mirae Asset Consulting announced on the 21st that it would acquire an additional 1,589,900 shares of Korbit for approximately 7.887 billion Korean won, increasing its total holdings from approximately 26,905,800 shares to approximately 28,495,700 shares, with the total investment amount rising from approximately 133.48 billion Korean won to approximately 141.367 billion Korean won. Korbit stated that it will continue to provide existing services, and user deposits and crypto assets will be managed separately in accordance with the Virtual Asset User Protection Act, with Korbit remaining the data controller for personal information, and the purposes and scope of processing remaining unchanged.

According to the Korea JoongAng Daily, the daily trading volume of South Korea's five major won virtual asset exchanges totals approximately 412.7 billion won, a decrease of 88% compared to a year ago. The total market value of global virtual assets has also shrunk by 41% to $2.322 trillion. The country's leading cryptocurrency firm Dunamu reported a year-on-year decline in revenue and operating profit of 55% and 78%, respectively, in the first quarter.Small and medium-sized exchanges are in an even more difficult situation, with Coinone, Korbit, and Gopax, which recorded operating losses last year, expected to continue losing money this year. Korbit has sold its holdings three times this year, selling 15 bitcoins and 60 ethers within ten days this month, generating approximately 1.6 billion won in cash. A director from Tiger Research stated that the current situation can be seen as a "second crypto winter," with the total market value of cryptocurrencies significantly shrinking and new projects almost nonexistent.Despite the market downturn, institutions are accelerating their adoption of blockchain, focusing on tokenized assets and stablecoins. Major brokerages like Future Asset have recently acquired shares in exchanges, and the government has repeatedly expressed its determination to advance the legislation of the "Digital Asset Basic Law," reflecting a continued optimism about medium- to long-term growth potential.

Forbes has selected 10 cryptocurrencies worth investing in based on the utility or value storage attributes of the tokens, combined with indicators such as performance over the past 7 days and 24-hour trading volume. The selected projects all have a market capitalization exceeding $5 billion, namely BTC, ETH, BNB, XRP, SOL, TRON (TRX), HYPE, RAIN, LEO, and Zcash (ZEC).Forbes states that Bitcoin and Ethereum are widely regarded as the "gold and silver" of the cryptocurrency world, with current market capitalizations of approximately $1.289 trillion and $21.647 billion, respectively, accounting for about 68% of the entire crypto market. In its selection methodology, Forbes considered the fundamental use of each crypto asset, excluding stablecoins, wrapped crypto assets, liquid staking tokens, and meme coins, focusing on projects with clear investment logic that are expected to appreciate as adoption and utility increase.

According to Etoday, South Korean regulators have announced the approval of Mirae Asset Consulting, a subsidiary of Mirae Asset Group, to acquire 92.06% of the shares of the South Korean cryptocurrency exchange Korbit, with a transaction amount of approximately 133.4 billion won (about 9.8 million USD). It is reported that this transaction marks the first acquisition of a virtual asset exchange by a traditional financial group in South Korea.The Korea Fair Trade Commission also released data on the market share of South Korean cryptocurrency exchanges for 2025, which shows: Upbit accounts for about 69%, Bithumb about 28%, Coinone about 2%, Korbit about 0.5%, and Gopax about 0.1%. Due to Korbit's low market share, regulators believe that this merger will not create an exclusionary effect in the securities or asset management sectors, nor will it significantly impact the competitive landscape for future digital asset ETFs and other markets.

According to Jinshi reports, the market has fully digested the possibility of the Federal Reserve raising interest rates by October.

The global stablecoin payment infrastructure platform WasabiCard has been featured in a special report by Forbes, which discusses the challenges faced by stablecoin payments in becoming mainstream applications and includes an interview with WasabiCard co-founder and CEO Ray Yang. The report points out that as stablecoin applications gradually extend from crypto trading to real business scenarios such as corporate payments and cross-border settlements, the underlying payment infrastructure is becoming a key driver of industry development.In the interview, Ray Yang stated: "At this stage, the development of stablecoin payments still faces dual challenges in technology and regulation. From a technical perspective, the core issue is no longer the transfer of funds itself; rather, the key lies in licensing qualifications, compliance systems, risk management capabilities, and banking network capabilities."Ray Yang further pointed out that the key to achieving large-scale commercialization of stablecoin payments does not lie in the payment capability itself, but in whether a global infrastructure can be built to connect digital assets with the traditional financial system. As a global stablecoin payment infrastructure platform, WasabiCard continues to focus on the global payment network, compliance systems, and enterprise-level payment capabilities, committed to promoting the widespread application of stablecoins in real business scenarios.This special report by Forbes reflects the ongoing attention of international mainstream financial media to the development trends of stablecoin payment infrastructure and indirectly highlights the growing importance of compliance and the value of building scalable global payment networks in the market.

According to Forbes, although the trading volume of stablecoins has exceeded $1 trillion in the past year, most activities are still concentrated in the crypto-native space (trading, arbitrage, and inter-protocol settlement), with limited applications in everyday commercial payments. WasabiCard CEO Ray Yang pointed out that the transfer of funds is no longer the core issue; licensing, compliance, risk management, and banking capabilities are the key foundations for achieving widespread adoption.Forbes noted that while stablecoin settlement can significantly enhance cross-border payment efficiency, each market has different compliance standards, licensing requirements, and banking relationships, making the construction of localized compliance in each market both slow and expensive, which contradicts the instant global settlement that stablecoins advocate. Currently, the stablecoin market has surpassed $320 billion, and industry discussions are shifting from whether stablecoins can replace existing networks to how they can be integrated into existing networks.Forbes believes that the challenge of the last decade was to get funds flowing, while the challenge of this decade is to ensure that global payments operate in compliance and at scale within a fragmented regulatory environment.

According to Forbes, the decentralized derivatives platform Hyperliquid has launched the pre-IPO perpetual contract for SpaceX (SPCX-USDC) on Trade.xyz, sparking a global regulatory gray area controversy. This contract allows leveraged trading without holding any shares of SpaceX and has not been authorized by the company, with an initial reference price of $150, corresponding to an implied valuation of approximately $1.78 trillion, which quickly surged to $216.It is reported that this contract is settled in USDC, with prices derived from market oracles, and is not linked to SpaceX's actual financials or equity structure. SpaceX itself has neither authorized nor participated in this market, yet its valuation is being priced and traded in real-time on-chain, leading to the controversy of "private company price discovery being taken over by decentralized derivatives." This market originates from Hyperliquid's HIP-3 mechanism, which supports the notion that the valuations of private companies may be being repriced by on-chain derivatives, while the regulatory framework has yet to be established.

According to a post by Kairos Research on platform X, the HYPE spot ETF has absorbed 1.04% of HYPE's circulating market value in the first 10 trading days since its launch, making it the strongest debut performance among all spot crypto ETFs to date. Comparative data from the same period shows that among the newly issued institutional cohort (excluding net outflows from legacy trust products like GBTC and ETHE), the BTC spot ETF accounted for 0.59%, ETH for 0.41%, and SOL for 0.31%.

Kairos Research posted on platform X that the HYPE spot ETF has absorbed 1.04% of HYPE's circulating market value in the first 10 trading days since its launch, making it the strongest debut performance among all spot crypto ETFs to date. Comparative data during the same period shows that the newly issued institutional cohort (excluding net outflows from legacy trust products like GBTC and ETHE) had a share of 0.59% for the BTC spot ETF, 0.41% for ETH, and 0.31% for SOL.

According to Forbes, U.S. Treasury Secretary Scott Bessent stated that the U.S. Treasury has frozen nearly $500 million in cryptocurrency assets related to the Iranian regime, including $344 million frozen last month.The report states that Iran currently controls about $7.7 billion in digital assets and uses Bitcoin to settle payments for shipping insurance via the Strait of Hormuz.The U.S. is intensifying its crackdown on Iran's cryptocurrency activities to cut off its channels for evading sanctions and transferring funds. Industry insiders say that cryptocurrency transactions can still be tracked, and the U.S. may further pressure by restricting cryptocurrency exchanges' access to the U.S. banking system.

According to official news, the smart contract auditing platform Code4rena has announced that it will gradually cease operations, and the Web3 security company Immunefi will take over its clients and security researchers. Code4rena posted on social media that it has made the decision to shut down and stated that all ongoing competitions and bounty activities will be completed as usual, and existing collaborations will be "properly concluded." Immunefi stated that it will assist in migrating Code4rena's bounty projects, reward structures, and researchers to its platform.Code4rena is known for its "competitive auditing" model, where independent researchers compete to find vulnerabilities in smart contracts for rewards. This shutdown comes less than two years after blockchain security company Zellic acquired Code4rena in 2024. Previously, Code4rena raised $6 million from Paradigm in 2023 for auditing incentives and platform expansion.This shutdown comes at a difficult time for DeFi protocols and the security sector. Data from DefiLlama shows that there were over 20 crypto vulnerability incidents in April alone, setting a monthly record. JPMorgan analysts believe that ongoing DeFi security incidents are limiting major institutional investors from entering the market. Meanwhile, the total value locked in DeFi has decreased from about $160 billion in October to approximately $83 billion currently.