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Singapore court rules Terraform to pay over $3 million in total compensation to appealing investors.

1 hours ago

According to Bloomberg, the Singapore International Commercial Court has ruled in a fraud case linked to the 2022 TerraUSD stablecoin collapse that Terraform Labs Pte Ltd and its founder Do Kwon must pay compensation to 40 plaintiffs. The plaintiffs were awarded over $3 million in total damages, concluding the second phase of the case. The case involves 275 investors who claimed losses from the UST cryptocurrency crash. The court stated that the compensation amount was calculated in part based on the number of UST tokens held by the plaintiffs and the duration of their holdings.

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Pre-market View on US Stocks: Large institutions will conduct end-of-quarter portfolio adjustments, and are bullish on NBIS and memory pooling concept stocks.

South Korea’s stock market rose after an early dip today, as Samsung and SK Hynix’s massive investment plans received backing from the South Korean government in late trading, helping their stock prices rebound. Renowned analyst degentrading (@degentradingLSD) noted that these events mark the arrival of the early phase of the global AI competition. “Countries are treating this as a make-or-break battle. South Korean small-cap stocks will be more promising in the coming period, and for small investors, these could be one of the best opportunities.” Looking ahead to US stocks, degentrading believes around $165 billion worth of stocks will be sold by month-end due to large institutions’ quarter-end rebalancing needs. However, market performance after July remains promising. On the other hand, hyperscale cloud providers will not halt capital spending anytime soon, even if their stock prices take a hit, as they see signs of positive returns on their investments. Degentrading said two key themes to watch right now are computing (neos) and memory pooling. While memory will remain strong, the easy gains and valuation gaps have already been priced in. “In the computing space, NBIS stands out as a leader. SHAZ (SharonAI Holdings Inc.) is an interesting emerging player, and Situational Awareness may still be adding to its position. For memory pooling, the stocks include ALAB, CRDO, PENG, and MRVL.” BlockBeats Note: Memory pooling is a key trend in AI computing infrastructure, referring to the technology that decouples memory resources from individual CPUs/GPUs, centralizes them into a shared memory pool, and enables dynamic on-demand access and allocation by multiple computing nodes.

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Taiko: Attack vectors have been blocked, network to restart in four steps.

Taiko announced that the attack vector exploited on June 21 has been patched, the fix has been reviewed by independent security experts, and user funds are safe. The team has outlined a four-step recovery plan: Step 1: Deploy the fix and verify the chain’s final state is correct, ensuring no forged checkpoints or exploitable claim paths exist, a process audited by the Security Council. Step 2: Replenish cross-chain bridge funds to ensure L2 assets are fully backed at a 1:1 ratio, with all details verifiable on-chain by anyone. Step 3: Restore network operations and re-enable transfers, swaps, and trading on the L2. Step 4: Once the chain’s finality and network stability are confirmed, the Security Council will submit a proposal to lift the cross-chain bridge suspension. Users will then be able to freely transfer funds between Taiko and other blockchains. The team will implement conservative withdrawal limits as an additional security measure, though normal asset transfers are not expected to be restricted.

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Bitget launches long-term investment education initiative "TradFi Literacy: 100 Questions" to help investors build a multi-asset framework.

Bitget has launched the long-term investor education initiative "100 Questions on TradFi General Knowledge", breaking down the traditional finance knowledge system into 100 core questions spanning six modules: financial basics, asset encyclopedia, market mechanisms, macroeconomics, risk management, and the evolution of multi-asset trading. The course leverages structured content and weekly updated educational materials, focusing on analyzing the driving logic behind stocks, commodities, interest rates, and capital flows to help traders build a cross-asset investment framework. Bitget CEO Gracy Chen noted that as financial markets grow increasingly interconnected, crypto investors need to monitor factors including interest rates, inflation, stocks, commodities, and global liquidity simultaneously. The "100 Questions on TradFi General Knowledge" initiative aims to lower the barrier to understanding traditional finance, helping users adapt to the multi-asset investment landscape where traditional and digital assets converge.

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Iran's military has only allowed vessels to pass through the Strait of Hormuz via the shipping lane south of Larak Island.

,当地时间 29 日下午,伊朗军方通告称,所有通过霍尔木兹海峡的船只仅被允许从拉腊克岛以南航道通行。此前,伊朗方面曾在 28 日发布消息称,船只通过霍尔木兹海峡仍需与革命卫队协调,进入波斯湾的船只最安全的航线位于霍尔木兹岛以南,而驶离波斯湾的船只则应选择拉腊克岛以南航道通行。(央视)

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Trump: Iran has requested a meeting, which will be held tomorrow in Doha.

Trump said Iran has requested a meeting, which will take place tomorrow in Doha.

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Binance: Limited-time bStocks trading offers 4x Alpha points trading volume boost

Binance Wallet announced that during a limited period, eligible bStocks (tokenized stocks) traded on Binance Wallet will receive a 4x trading volume bonus to accelerate the accumulation of Alpha Points. Users can participate via the Binance App path: Wallet → Market → Alpha → Stock Tokens, or the Binance Wallet web version path: Market → Tokenized Securities → Stock Tokens.

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