Weekly Recap | Korea’s New Listing Rules Take Effect in July, Samsung Announces KRW 2,655 Trillion I
2026.07.06
Last Week in Review (June 29 – July 5)
The crypto market entered a phase of recovery and consolidation last week. After a sharp correction, Bitcoin stabilized above $63,000 as expectations of further interest rate hikes eased. While July began with a rebound, strong resistance overhead suggests the market may continue trading in a wide range this week.
Investors are closely watching the upcoming U.S. ISM Services PMI and the FOMC Meeting Minutes. Softer-than-expected inflation data could support market sentiment, while hawkish signals may put renewed pressure on crypto assets. After experiencing record ETF outflows in June, spot Bitcoin ETFs have recently shown signs of stabilization, with some funds returning to net inflows.
In this edition, we'll recap the most important crypto developments from the past week and highlight the key events to watch in the days ahead.
Market Pulse
- Korea's revised listing rules will take effect in July, increasing delisting pressure on KOSDAQ-listed Bitcoin treasury companies.
- Samsung announced a KRW 2,655 trillion investment plan.
- South Korea unveiled major semiconductor and AI data center development initiatives.
- Chainalysis released a draft blockchain tracing standard.
- UAE private bank Goldman Lampe purchased €120 million worth of Bitcoin during the market downturn.
- Citi lowered its Bitcoin and Ethereum price forecasts due to continued spot ETF outflows.
- Metaplanet acquired an additional 2,823 BTC, bringing its total holdings to 43,000 BTC.
- Cantor Fitzgerald stated that Bitcoin's market cycle suggests a potential bottom could form in the coming months.
- Ukraine officially incorporated seized crypto assets into state management, including more than 8.3 million USDT.
- Meta is reportedly considering a partnership with Samsung to develop custom AI chips worth KRW 10 trillion.
- JPMorgan expects gold prices to remain range-bound in the short term before rebounding to $4,500/oz in Q4.
Funding & M&A
A total of 9 funding rounds were announced last week, raising over $500 million, with infrastructure and DeFi remaining the primary focus.
- On-chain perpetual exchange Extended raised $12.5 million in strategic funding.
- Blockchain-based private credit platform Techdollar secured $3 million in a Pre-Seed round.
- Venice AI raised $65 million in Series A funding at a $1 billion valuation.
- Predictive AI network THEA completed an $8 million funding round led by Maven 11 Capital and others.
- Bitcoin mining company Ionic Digital raised $400 million through a private placement.
- Lion Group announced plans to invest up to $12 million in Indonesian stablecoin developer PT Nusantara Bumi Sangkara.
Policy & Compliance
- The European Banking Authority released a penalty framework for non-compliant crypto issuers.
- A Michigan court prohibited Kalshi from offering sports event prediction markets to state residents.
- The U.S. CFTC expanded its investigation into Polymarket, covering social media activity and wash trading.
- The UK's FCA published its final crypto regulatory framework, with mandatory licensing taking effect in October 2027.
- The U.S. SEC requested public comments on new ETF regulations, with prediction market ETFs becoming a key area of focus.
- South Korea's exchange rule revisions will subject technology-listed companies converting into Bitcoin treasury firms to delisting reviews.
- The Governor of the Central Bank of Russia announced that the Digital Ruble will launch on September 1.
Echobit Highlights
- Echobit July Futures Trading Competition officially launched.
- Echobit World Cup Prediction Carnival continued to engage the global community.
- Echobit VIP Activity Zone remained open with exclusive benefits for VIP users.
- Echobit Trade & Get Rewards Vol. 6 continued.
- Echobit partnered with Bee Network for a World Cup campaign.
- Echobit and Galxe continued their Global Carnival to expand the Web3 ecosystem.
- Echobit World Cup Showcase campaign remained active.
- Echobit Meme Contest officially launched.
- Echobit AI Lucky Koi Challenge went live, introducing AI-powered community interactions.
Next Week Preview (July 6 – July 12)
- The Federal Reserve will release the FOMC Meeting Minutes.
- Axie Infinity will begin its Land Item smart contract migration on July 7.
- Bitcoin Layer 2 network Botanix will shut down before July 9.
- The White House is expected to release new standards for frontier AI models.
- The Interfold will launch its FOLD token auction on July 8.
- Malta's Financial Services Authority will publish a discussion paper on DeFi regulation.
- Major token unlocks are scheduled this week, including PUMP, APT, and RED.
Echobit will continue tracking global crypto developments, delivering timely insights into market trends, regulatory updates, and investment opportunities to help you stay ahead in every market cycle.