Scan to download
BTC $79,866.62 -1.27%
ETH $2,268.79 -1.26%
BNB $671.29 -0.89%
XRP $1.43 -1.76%
SOL $90.77 -4.43%
TRX $0.3509 +0.37%
DOGE $0.1144 +2.01%
ADA $0.2651 -2.81%
BCH $433.96 -1.08%
LINK $10.25 -2.75%
HYPE $39.01 -2.83%
AAVE $96.81 -1.20%
SUI $1.19 -4.67%
XLM $0.1590 -3.04%
ZEC $527.57 -3.81%
BTC $79,866.62 -1.27%
ETH $2,268.79 -1.26%
BNB $671.29 -0.89%
XRP $1.43 -1.76%
SOL $90.77 -4.43%
TRX $0.3509 +0.37%
DOGE $0.1144 +2.01%
ADA $0.2651 -2.81%
BCH $433.96 -1.08%
LINK $10.25 -2.75%
HYPE $39.01 -2.83%
AAVE $96.81 -1.20%
SUI $1.19 -4.67%
XLM $0.1590 -3.04%
ZEC $527.57 -3.81%

into

Movement acquires Canopy, officially incorporating Vault infrastructure into the core layer of the ecosystem

Movement announced that it has completed the acquisition of the on-chain Vault infrastructure project Canopy, further integrating key financial infrastructure within the Movement Network. Canopy has previously been an important part of the Movement ecosystem, primarily responsible for building the Vault layer on the Movement Network, with its smart contracts allowing users to allocate assets and strategize on-chain with independent strategy managers.After this acquisition, Canopy will collaborate more closely with the on-chain credit protocol MovePosition, and Movement is gradually building a complete on-chain financial infrastructure stack covering modules such as Vault, credit, and yield strategies. Movement stated that most public chain ecosystems still rely on third parties to provide core financial primitives, while Movement hopes to achieve deeper technical collaboration between Vault contracts and other components of the network through self-built and internally integrated methods.For developers, this means they can directly integrate core protocols that are continuously iterating; for partners, it means stronger consistency between the underlying infrastructure and the development team; for users, it is expected to provide a more unified on-chain financial product experience. The official also revealed that MovePosition and Canopy will gradually operate as a unified infrastructure, with more integration details to be announced in the coming weeks.

South Korean investors' holdings in cryptocurrency assets have shrunk by over 50% in a year, with funds accelerating flow into the stock market

Data submitted by the Bank of Korea to the National Assembly shows that the scale of cryptocurrency assets held by South Korean investors has decreased from 121.8 trillion won (approximately 8.33 billion USD) at the end of 2025 to 60.6 trillion won (approximately 4.14 billion USD) at the end of 2026, shrinking by more than 50% in one year. During the same period, the average daily trading volume of South Korea's five major exchanges—Upbit, Bithumb, Korbit, Coinone, and Gopax—also fell from 11.6 billion USD in December 2024 to 3 billion USD in February this year.The scale of deposits in exchanges in won has decreased from 10.7 trillion won to 7.8 trillion won, reflecting that some funds are flowing into the South Korean stock market. However, the holdings of stablecoins remain relatively strong. Data shows that South Korea's stablecoin holdings peaked at 597 million USD in December 2024 and fell to 41 million USD in February this year, with a decline significantly smaller than that of the overall cryptocurrency market. In addition, South Korean regulators plan to implement stricter anti-money laundering rules in August, automatically marking transactions involving overseas exchanges or private wallets exceeding 10 million won as suspicious transactions. The Digital Asset Exchange Association (DAXA) of South Korea has warned that this measure may lead users to turn to overseas platforms like Binance. The South Korean Ministry of Finance also recently confirmed for the first time that a 22% tax rate on cryptocurrency gains will officially take effect on January 1, 2027.
app_icon
ChainCatcher Building the Web3 world with innovations.