Money supply growth in major global economies far outpaces economic growth, with long-term monetary expansion sparking concerns over structural risks.

Crypto trading platform Upbit announced that it will list MORPHO (Morpho) on its South Korean won (KRW) market at 18:00 on July 25, with support for the Ethereum network. The platform stated that after MORPHO trading goes live, buy orders will be restricted within approximately 5 minutes; for roughly 2 hours following the listing, all order types except limit orders will be restricted.

According to Onchain Lens statistics, the crypto industry recorded 224 publicly disclosed security incidents in the first half of 2026, with cumulative losses totaling approximately $1.32 billion. Among these, "access control vulnerabilities" caused the largest losses, as multiple large-scale attacks originated from compromised permission management or breached private key/admin privileges. The affected projects include: Kelp DAO ($292 million in losses), Drift Protocol ($280 million), Humanity Protocol ($31 million), Step Finance ($30 million), Truebit ($26.5 million), Resolv Labs ($25 million), AFX ($24.15 million), and BonkDAO ($21 million). Additionally, phishing and social engineering attacks resulted in around $282 million in losses; oracle-related attacks impacted Ostium ($24 million), Blend Protocol ($10.86 million), and Bonzo ($9 million). Data shows that a small number of large-scale attacks accounted for the majority of total losses. Permission management, user security education, and oracle risks remain key areas for the crypto industry’s security protection in 2026.

U.S. President Donald Trump is growing increasingly dissatisfied with the escalating Iran conflict. The conflict, originally expected to end within weeks, has entered its fifth month. Ongoing military operations have driven up energy prices and could impact the Republican Party’s performance in the November midterm elections. Sources say Trump is frustrated with the conflict’s progress and is seeking to exert greater pressure on Iran. Since the collapse of the ceasefire agreement, U.S. forces have carried out continuous strikes against Iran, with operations now in their 13th consecutive day, leaving 18 U.S. service members dead. Trump stated that the U.S. is "fully prepared" but remains in communication with Iran, adding that Iran is becoming "increasingly serious." However, analysts note Trump faces multiple challenges: a troop withdrawal would trigger political pressure, escalating operations could expand risks, and previous negotiations failed to reach a long-term peace agreement. The escalating conflict has roiled global energy markets, with Brent crude oil prices briefly topping $100 per barrel this week, and U.S. gasoline prices rising in tandem. Meanwhile, Iran-backed Houthi attacks on Red Sea shipping have further complicated the regional situation. Analysts believe both the U.S. and Iran have the capability to sustain the conflict, which may enter a prolonged phase of attrition. The Trump administration aims to force Iran back to the negotiating table via military pressure, but has not yet found a clear exit strategy.

Nasdaq-listed firm Tron Inc. announced today that it has acquired 150,517 TRON tokens at an average price of $0.3322, further expanding its TRX treasury. Following the purchase, Tron Inc.’s total TRX holdings now exceed 706.7 million tokens. The company stated it will continue to grow its TRX digital asset treasury to enhance long-term shareholder value.

As international oil prices once again approach the key psychological threshold of $100 per barrel, U.S. President Donald Trump’s available policy tools amid escalating tensions with Iran are dwindling, leaving energy markets facing heightened uncertainty. Analysts note that global oil and fuel emergency reserves have dropped significantly, while shipping risks in the Red Sea continue to rise. If the conflict expands further, the U.S. may face two options: scaling up military operations, or accepting Iran’s de facto control over the Strait of Hormuz. Oil prices briefly topped $100 per barrel earlier due to Houthi attacks on Red Sea shipping in Yemen before pulling back. Energy analysts warn that if both the Bab el-Mandeb Strait and the Strait of Hormuz are disrupted, oil prices could rebound to around $124 per barrel in August. Currently, the U.S. has limited policy tools: its Strategic Petroleum Reserve (SPR) has fallen to roughly 311 million barrels, the lowest level since 1983; U.S. shale oil production and refining capacity are already near peak levels; there is limited room for releasing additional strategic reserves; and measures like suspending fuel taxes require congressional approval. Analysts point out that $100 per barrel is not just a price shift, but also carries major market psychological implications, amplifying investors’ concerns about energy crises and inflation risks. Meanwhile, Iran believes it holds negotiating leverage on the Strait of Hormuz issue, demanding greater control. Some analysts argue that Trump’s core choice now is to either continue escalating military operations or seek a solution through negotiations. Market participants say that with U.S. midterm elections approaching, high oil prices could further increase political pressure on the Trump administration, and any final resolution will depend on whether the U.S. and Iran can reach a new agreement.

DeFi platform Dango has announced it will wind down operations. The team stated that despite making every effort, it cannot identify a viable path to long-term commercial success due to multiple factors. Dango confirmed user funds remain secure, adding that withdrawal restrictions will be lifted shortly, and advised users to close positions and withdraw funds as soon as possible. It also warned users of potential slippage risks, as liquidity is expected to decline. The key shutdown timeline is as follows: - July 29, 12:00 UTC: Platform trading will halt; remaining positions will be settled at oracle prices, DLP Vault deposits will be unlocked, and all funds will be returned to users’ spot accounts in USDC. - August 13, 12:00 UTC: The Dango L1 blockchain will cease operations; unwithdrawn funds will be refunded to users’ Ethereum deposit addresses. The Dango team expressed deep regret over discontinuing the project and thanked the community and users for their long-standing support.