Democratic Party Lawmaker Min Byung-deok urged that the Financial Intelligence Unit (FIU) should impose fines on the largest virtual asset exchange in the country, Upbit, according to the law. According to Min's office, an analysis of the inspection results of Dunamu, the operator of Upbit, released by FIU on February 25 this year, revealed a total of over 9.57 million cases of legal violations in 10 types, which could lead to fines of up to 183 trillion won.So far, FIU has imposed some operational suspensions for three months on Dunamu and disciplined 10 employees with dismissals and reprimands, but fine imposition has been delayed. Min emphasized that “FIU cannot avoid allegations of preferential treatment if it does not handle the matter according to the law” and stressed the need for strict fine imposition according to the number of violations and the law.Meanwhile, the matter is likely to serve as an important touchstone for securing transparency and institutional trust in the virtual asset market, drawing significant attention from the industry.

마켓 모니터링에 의하면 SOL가 5% 하락했다. USDT 마켓 기준 SOL는 177.48달러에 거래되고 있다.

In July, the Meme coin market has shown a sharp upward trend, increasing the total market capitalization by about 17 billion dollars. Cointelegraph reported on the 17th (local time), citing CoinMarketCap data, that the market capitalization of Meme coins, which was at the 55 billion dollars level at the beginning of this month, has now expanded to 72 billion dollars.This steep rise is explained by the upward trend of representative Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). Floki (FLOKI), Pudgy Penguin (PENGU), and Bonk (BONK) also rose by approximately 45~72% each in July, leading the overall market.Meme coin trading volume also increased, and the strength of major platform coins like Ethereum (ETH) and Solana (SOL) is analyzed to have a positive effect on the Meme coin rally. The industry sees this trend as reflecting short-term speculative sentiment, while also being linked to the recovery of trust in major altcoins.

The US Department of Labor announced that the number of new unemployment benefit claims last week (second week of July) was 221,000. This is a figure that falls short of the market expectation of 233,000, showing that the US employment market still maintains a strong trend.This announcement supports employment stability and is attracting attention as an indicator that could influence the Federal Reserve's interest rate policy. In particular, there is ongoing assessment that labor demand remains strong despite the recent slowdown in inflation, and this is expected to act as a factor supporting consumer spending.Meanwhile, while the Federal Reserve officials are continuing discussions on rate cuts while being wary of the impact of tariffs and the possibility of growth slowdown, the solid employment figures could act as a variable that may slightly delay expectations for the timing of the rate cut.

Nasdaq-listed bitcoin mining company Bitmain Immersion Technologies has significantly expanded its Ethereum (ETH) holdings, embarking on full-scale asset diversification.The company recently announced that it holds a total of 300,657 ETH, equivalent to approximately $1 billion based on market value. Previously, Bitmain had garnered market attention when it was revealed that the company raised $250 million to purchase Ethereum.This announcement comes amid growing expectations for Ethereum's rise in the cryptocurrency market. In particular, the large-scale corporate-level ETH purchase is interpreted as a demonstration of long-term trust in Ethereum. The move to expand strategy to ETH by existing bitcoin-focused mining companies has been similarly observed among several listed companies lately.Bitmain's recent moves are interpreted as a signal that institutional investors are increasing their interest in Ethereum and are expected to have a significant impact on the liquidity and supply of the future ETH market.