South Korea's Busan Bank completes KRW stablecoin infrastructure pilot on Kaia Chain.

South Korea’s Supreme Court has issued a legislative notice for the Partial Amendment to the Civil Execution Rules, which will for the first time bring virtual assets under the scope of civil compulsory enforcement. Following a public comment period, the amended rules are set to take effect on October 1, 2026. Key provisions include: Compulsory enforcement of claims for digital asset transfers (courts may launch enforcement via seizure orders, barring third-party debtors like trading platforms from transferring assets to the debtor, while restricting the debtor from disposing of such claims); Compulsory enforcement of digital assets themselves (courts may seize virtual assets held by the debtor, which will be taken over by enforcement officers, with the debtor prohibited from disposal); Liquidation methods: Seized digital assets can be monetized via transfer orders or auction orders. For assets with low liquidity, conversion into other digital assets prior to auction is allowed.

According to monitoring by Onchain Lens, Garret Jin, agent of the "BTC OG Insider Whale", has increased his ZEC short position to 32,759.57 ZEC, worth $14.9 million. Garret still holds a 5x leveraged BTC long position valued at $80 million, currently with a loss exceeding $16.38 million.

Crypto analyst Murphy notes that as Bitcoin rebounded from $58,000 to nearly $64,000, its spot relative volume plummeted rapidly. A rebound unsupported by spot demand is unlikely to form the foundation of a trend reversal, often being merely a sentiment-driven recovery rally, so its sustainability demands close monitoring. On the positive front, the USDC/USDT exchange rate has retreated from 1.001 to 1.0006, signaling waning exit intentions and recovering trading activity. While major stablecoins on trading platforms still remain in net outflow, the outflow magnitude has continued to narrow, and this marginal improvement in funding conditions underpins the rebound’s continuation. However, the weakening of spot drivers means derivatives have gained relatively more weight. The 7-day average long premium for perpetual contracts has climbed steadily to $160,000 per hour, indicating taker buy orders have persistently pushed perpetual contract prices above spot levels. Open interest has declined somewhat but remains significantly higher than levels in February this year. The current long premium is still within a normal range, but as the rebound persists, the risk of a long squeeze will keep building. Once open interest rebounds again, fierce battles between bulls and bears will trigger faster and more violent volatility—a hidden risk that requires advance attention.

According to GMGN monitoring, Solana ecosystem meme coin ANSEM surged 25% within one hour, with its market cap rebounding to around $380 million, posting a 30% 24-hour gain and trading volume exceeding $39.7 million over the same period. The rally is likely due to Ansem himself (X: blknoiz06) announcing the completion of a new round of airdrop distribution, totaling approximately $7 million. BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and concept hype, with no actual value or use cases; investors should exercise caution regarding risks.

According to official social media announcements, the HTX Genesis Hackathon—hosted by HTX DAO and B.AI, and co-organized by OpenCSG, TinTinLand, and OpenCity—has entered the preliminary screening phase. More than 100 developer teams have registered for the event, with participants hailing from over 30 top universities across 22 global cities, including Tsinghua University, Fudan University, the National University of Singapore, and the University of Edinburgh. The hackathon offers a total prize pool of 20,000 USDT and over $100,000 in computing power support. Participating teams will innovate in areas such as $HTX use cases, B.AI ecosystem applications and computing power services, AI Agent finance, on-chain asset management, trading infrastructure, DAO tools, and smart financial operating systems. The HTX Genesis finals will be held offline on July 19 during the World Artificial Intelligence Conference (WAIC) in Shanghai.

According to monitoring by OnchainLens, crypto whale MK4 (@mk4_lul) holds a 5x leveraged long position in LIT, with a position value of $13 million, an entry price of $1.29, and current unrealized profit of $6.7 million. The whale’s wallet address has amassed a lifetime total profit of $173.68 million.