BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

According to NVIDIA’s official announcement, SK Group and NVIDIA have announced an expansion of their long-term strategic partnership, planning to launch an AI infrastructure collaboration project worth over $500 billion, covering AI factory construction and next-generation AI memory chip supply. Under the agreement, SK Telecom will build a 2 GW-level AI cloud infrastructure based on NVIDIA’s Vera Rubin architecture and DSX platform, with the first AI factory expected to go live in 2027. The project will integrate NVIDIA’s accelerated computing, software, and partner technologies to provide computing power support for enterprise AI, agent AI, and physical AI applications. Meanwhile, SK hynix has signed a long-term AI storage cooperation deal with NVIDIA, with both parties set to jointly develop and optimize next-generation AI memory solutions—including HBM (High Bandwidth Memory)—to meet the growing computing power demands of large model training, AI agents, and physical AI. SK Group Chairman Choi Tae-won stated that competition in the AI era depends not only on AI application capabilities but also on the ability to "produce intelligence". SK will combine SK hynix’s AI storage technology and SK Telecom’s AI infrastructure strengths to co-build a world-leading AI factory with NVIDIA. NVIDIA CEO Jensen Huang noted that South Korea has the key conditions to become a global AI powerhouse, including leading network, data center, and chip technologies. NVIDIA will work with SK Group to drive the next phase of South Korea’s AI industry development.

The People's Bank of China Shenzhen Branch, Shenzhen Securities Regulatory Bureau, Shenzhen Internet Information Office, and Shenzhen Local Financial Regulatory Bureau recently jointly launched a special rectification campaign on online information in the financial sector, and announced a number of typical cases of illegal self-media accounts involving virtual currency and illegal stock recommendation. Multiple accounts were dealt with for illegally publishing virtual currency-related marketing and promotional information, including accounts such as "USDT Merchant Exchange Group", "Gather to Play Virtual Currency", "Search Bitcoin", "WePay Quick Exchange", and "Zhonglian Laojiu". These accounts are suspected of promoting virtual currency services to domestic users and inducing the public to participate in illegal financial activities related to virtual currency. Authorities stated that in accordance with policy requirements such as the "Notice on Further Preventing and Dealing with Risks Related to Virtual Currency and Other Issues", the above-mentioned illegal accounts have been permanently closed by platforms in accordance with laws and regulations and relevant agreements. Shenzhen authorities said they will continue to strengthen the governance of online financial information, crack down on illegal and irregular activities such as virtual currency speculation and illegal stock recommendation, and maintain the order of the financial market.

U.S. spot Ethereum ETFs posted a net outflow of $70.7 million yesterday, ending their prior five consecutive trading days of inflows. Between July 17 and 24, Ethereum ETFs saw a cumulative net inflow of $211.25 million. Despite Friday’s negative flow, Ethereum ETFs still notched a weekly net inflow of $103.9 million by week’s end, marking their third straight week of inflows. Since July, Ethereum ETFs have accumulated a net inflow of $337.74 million. Bitcoin ETFs also experienced outflows: U.S. spot Bitcoin ETFs had a net outflow of $240.08 million on Friday, ending a seven-day inflow streak that began on Thursday. Even so, Bitcoin ETFs recorded a weekly net inflow of $103.9 million, with a cumulative net inflow of $233.96 million since July, marking their third consecutive week of inflows. BTC is currently trading around $64,000, while ETH stands at approximately $1,854, below this week’s high of $1,954.

Likely driven by news that Upbit will list the MORPHO/KRW trading pair, MORPHO surged over 13% in a short time before pulling back, currently trading at $2.024 with a market cap of $1.172 billion.

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.