WuBlockchain on July 14 published a daily digest covering developments in geopolitics, South Korean markets, U.S. crypto trading, Telegram’s domain status, and transfers from U.S. government-linked wallets.
Iran adviser says memorandum with the U.S. no longer exists
Mohsen Rezaei, a military adviser to Iran’s Supreme Leader and former commander of the Islamic Revolutionary Guard Corps, said on July 14 that the memorandum of understanding between Iran and the United States no longer exists and that the opposing sides have formally entered a state of war.
South Korean stocks swing as Upbit volume surges 1426.2%
On July 14, South Korea’s KOSPI index continued a sharp intraday decline, falling 4% to 6534.34. SK Hynix dropped more than 7%.
At the same time, CoinGecko data showed that 24-hour trading volume on Upbit, the country’s largest crypto exchange, rose to $4.27 billion, up 1426.2% from the previous day.
Binance.US says it wants back 20% of the U.S. crypto trading market
Binance.US CEO Stephen Gregory said the company is restarting growth after a two-year "dormant period" caused by regulatory pressure and plans to regain about 20% of the U.S. crypto trading market.
Gregory said Binance.US has cut fees to near zero, set maker fees at 0%, and is using incentives to rebuild liquidity. He also said that as the U.S. regulatory environment improves, the company will apply for more licenses and expand into derivatives, perpetual futures, and prediction markets as it competes with Coinbase and Kraken for U.S. users.
Telegram core domain t.me appears to have been suspended from DNS resolution
Telegram’s core domain, t.me, was marked as serverHold by the .me registry that day, which removed it from global DNS and made all t.me links inaccessible.
Telegram, the .me registry, and backend operator Identity Digital had not publicly explained the reason.
U.S. government-linked wallets move BTC and ETH to Coinbase Prime
A wallet linked to the U.S. government that had been inactive for about four years transferred about 140.214 BTC, worth about $8.78 million, to a Coinbase Prime cold wallet at 23:52 Beijing time on July 13.
Four hours earlier, addresses linked to the U.S. government moved 2,875 BTC and 925.513 BTC, worth a combined roughly $235 million. The funds were tied to assets seized in the Ryan Farace and BTC-e cases. Separately, 30,007 ETH linked to the Brian Krewson case, worth about $53.09 million, was also transferred to Coinbase Prime.