News

Robinhood Cha
2026-07-13 03:45:53

DefiLlama says Robinhood Chain has drawn over $290 million in stablecoins since launch

Robinhood Chain has attracted more than $290 million in stablecoins since launch, according to data cited by ChainCatcher from DefiLlama. The same dataset shows the chain’s total value locked at $134 million, its active RWA market cap at $12 million, and cumulative decentralized exchange trading volume at $4 billion. The update offers a snapshot of the network’s on-chain activity across stablecoin inflows, locked assets, real-world asset exposure, and DEX usage since going live.

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DefiLlama says Robinhood Chain has drawn over $290 million in stablecoins since launch
Qujing Techno
2026-07-13 03:41:08

Qujing Technology reveals Series A round, says funding topped 1 billion yuan in six months

Qujing Technology, an AI infrastructure startup founded by a Tsinghua University team, disclosed its Series A financing on July 13, with Huirong Fund under Henan Investment Group as lead investor and several existing backers increasing their stakes. According to the article, the company has raised more than 1 billion yuan in total over the past six months. The company focuses on large-model inference rather than model training, positioning itself as a builder and operator of what it calls high-quality AI Token factories. Its team includes founder and CEO Ai Zhiyuan and CTO Chen Xianglin, both from the Department of Computer Science at Tsinghua University, with academic figures including academician Zheng Weimin, professor Wu Yongwei, and associate professor Zhang Mingxing involved in technical roles. The report says Qujing has built its platform around technologies it describes as system-wide heterogeneous coordination, memory-for-compute substitution, and virtual-real isomorphism, while promoting a Token as a Service, or TaaS, model through its proprietary ATaaS platform. It also disclosed operating metrics, saying average AI Token output efficiency per computing unit has increased by more than three times since the 2026 Spring Festival, while total high-quality AI Token output has risen by more than 30 times.

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Qujing Technology reveals Series A round, says funding topped 1 billion yuan in six months
Funding Weekl
2026-07-13 03:40:09

Crypto funding weekly: SBI backs Gauntlet and EDX as capital stays focused on trading and infrastructure

Crypto funding last week tracked the broader pattern seen across 2026: larger checks kept going to exchanges, compliance, and digital-asset infrastructure, while traditional financial institutions took a more visible role. CryptoRank data cited in the report showed prediction markets led the year in average deal size at $118 million per round, followed by exchanges at $76.2 million, blockchains at $47.8 million, and compliance at $29.4 million. According to PANews’ incomplete tally, the blockchain sector recorded nine financing events globally during July 6-12, with total disclosed funding of more than $261 million. The standout investor was Japan’s SBI Holdings, which exclusively backed DeFi risk platform Gauntlet with $125 million and also led crypto exchange EDX Markets’ $76 million Series C. Other crypto deals covered infrastructure, post-quantum security, cross-chain financial rails, tokenized sovereign instruments, and HTTP-native payments for AI agents and APIs. The report also highlighted two M&A developments: Nium’s acquisition of wallet and card issuer Cypher, and South Korean regulators’ approval of Mirae Asset Consulting’s purchase of a 92.06% stake in Korbit for about KRW 133.4 billion. Outside crypto, the week also saw multiple AI financings above $100 million, including Prime Intellect, Norm, and Gradium.

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Crypto funding weekly: SBI backs Gauntlet and EDX as capital stays focused on trading and infrastructure
SK Hynix
2026-07-13 03:31:58

Analyst Cuts SK Hynix Q2 2026 Profit View but Keeps Long-Term Growth Outlook

Citrini analyst jukan said in a post on X that KIS Semicon analyst Minsook Chae now expects SK Hynix to post operating profit of KRW 60.4 trillion in the second quarter of 2026. That would be up 61% quarter over quarter and 556% from a year earlier, but still 8% below the market consensus of KRW 65 trillion. Chae linked the lower estimate to SK Hynix’s higher share of HBM sales versus peers, weaker-than-expected price gains in conventional DRAM, and the stabilizing effect of long-term agreements, or LTAs, on average selling prices. The analyst cut the forecast for blended DRAM ASP growth in Q2 2026 to 28.9% from 50.0%, and lowered commodity DRAM ASP growth to 34.2% from 60.6%. Chae said blended ASP growth could return to around the market-average sequential level of 10% once HBM4 enters mass production in the third quarter of 2026. The analyst added that the revision should not be read as a signal of an industry downturn, describing it instead as a more realistic reflection of the three- to five-year LTA structure. On that basis, Chae still expects stable long-term earnings expansion, with operating profit growth for fiscal 2026 through 2028 projected at 419%, 53%, and 19%, respectively.

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Analyst Cuts SK Hynix Q2 2026 Profit View but Keeps Long-Term Growth Outlook
Policy and Re
2026-07-13 03:25:17

Chinese prosecutorial journal article outlines legal hurdles in tackling crypto money laundering

A report cited by BlockBeats on July 13 said an article published via the Procuratorial Daily examined the criminal-law challenges tied to money laundering involving virtual currencies in China. The paper was jointly written by researchers from the Yuhu District People’s Procuratorate of Xiangtan, Hunan, and the Faculty of Law at Xiangtan University. According to the report, the authors grouped the current problems in judicial practice into three areas: how such conduct is classified under criminal law, how evidence is obtained, and how illicit assets are recovered. The article said Article 191 of the criminal law still limits the offense of money laundering to seven categories of predicate crimes, leaving many cases to be handled instead as the crime of concealing or disguising criminal proceeds. It also said mixers, privacy coins, and cross-chain transfers can fragment the evidence trail, making traditional investigative methods less effective. In asset recovery, the paper pointed to conflicts over the legal nature of virtual currencies, gaps in procedural rules, and barriers to cross-border cooperation. The authors proposed judicial, evidentiary, and coordination measures, including more proactive legal review, tailored standards for authenticating electronic evidence, and a national cross-department mechanism for disposal and recovery.

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Chinese prosecutorial journal article outlines legal hurdles in tackling crypto money laundering
Delphi Ventur
2026-07-13 03:23:50

Delphi Ventures says automation, multipolarity and demographics will reset asset pricing over the next decade

Delphi Ventures argues that three long-cycle forces — automation, a more fragmented geopolitical order, and demographic decline paired with longer lifespans — are set to reshape how global assets are priced over the next decade. In the firm’s view, intelligence is becoming the scarcest resource, while capital is steadily replacing labor as the main engine of wealth creation. The report says AI demand still exceeds supply even as inference costs fall, and that the next stage of AI will move beyond data centers into distributed, real-world systems tied to robotics, manufacturing, energy and edge networks. It also argues that a retreat from the post-1945 global order, led by the United States itself, could reprice commodities, energy, defense, hard money and supply-chain infrastructure. On demographics, Delphi highlights collapsing birth rates, aging societies and growing fiscal pressure, while pointing to longevity science and AI-driven biology as a possible counterweight. The piece also lays out a distinctly crypto-native hedge: Bitcoin, Zcash and distributed agent economies are framed as part of a parallel system for exchange and wealth preservation in a world of rising deficits, political fragmentation and currency debasement. The note stops short of presenting a precise forecast for 2035, but it makes one point clearly: Delphi sees the coming decade as a period of structural repricing rather than cyclical noise.

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Delphi Ventures says automation, multipolarity and demographics will reset asset pricing over the next decade
South Korea
2026-07-13 03:22:00

KOSPI Extends Losses to 7%, SK Hynix Drops More Than 12%

South Korea’s KOSPI index at one point extended its decline to 7%, according to data cited by Odaily and sourced from Gate. The brief update also said shares of SK Hynix fell more than 12%. The item was published as a 7x24 newsflash on July 13, 2026. No additional market context or drivers were provided in the source note.

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KOSPI Extends Losses to 7%, SK Hynix Drops More Than 12%
Bitcoin
2026-07-13 03:20:33

Dormant Bitcoin whale moves 2,931 BTC worth about $188 million after 7 years and 9 months

A long-dormant Bitcoin whale has moved 2,931 BTC, valued at about $188 million at the time of transfer, after 7 years and 9 months of inactivity. According to Onchain Lens, citing Arkham Intelligence data, wallet address “356my…BAsmK” sent the full amount at 4:41 a.m. on July 13 to a new, unlabeled address, “bc1qn…8gp25.” No follow-up transfers have been recorded from the receiving address so far. The data shows the whale last moved Bitcoin on Oct. 23, 2018, when BTC was trading at about $6,475. Onchain Lens said the holdings had remained untouched since Bitcoin was around $6,500. Based on current pricing, the position has appreciated by nearly 10x. The reason for the transfer remains unclear. The report said large on-chain moves like this are often watched closely because they can precede deposits to exchanges and profit-taking. It also noted that several old Bitcoin wallets reactivated during last year’s all-time-high period, including a July 2025 transfer by a 14-year dormant holder or institution involving more than $8.7 billion in BTC. At the time of writing, CoinGecko showed Bitcoin at $62,978, down about 1.2% over the past 24 hours.

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Dormant Bitcoin whale moves 2,931 BTC worth about $188 million after 7 years and 9 months