The post Mirae Asset wins Korea’s approval to buy Korbit in a TradFi-crypto first appeared on BitcoinEthereumNews.com.
On July 9, the Fair Trade Commission of South Korea (KFTC) approved Mirae Asset Consulting’s acquisition of 92.06% of the cryptocurrency exchange Korbit. This is the first time that a subsidiary of a significant Korean financial institution has been permitted to buy a licensed digital asset exchange. For the rest of the world, which is keenly observing how conventional finance is moving towards cryptocurrency, this ruling represents a real trial for the acceptance of that merger. Regulators in the US, Europe and Asia spent years considering how banks and asset management companies would be able to operate exchanges. South Korea has demonstrated one approach to make use of and did not have to break down the barriers between finance and cryptocurrency. Mirae Asset Consulting is paying 133.4 billion won for the acquisition (equivalent to $97.9 million based on Bank of Kor
The post BingX Expands Tradfi Offerings with 1,000,000 USDT Earnings Season Campaign appeared on BitcoinEthereumNews.com.
PANAMA CITY, July 9, 2026 –BingX, a leading cryptocurrency exchange and Web3-AI company, today announced a 1,000,000 USDT trading campaign designed to help users participate in one of the year’s most active periods for equity markets, as July earnings season begins with more than 15 major global companies set to report results. Running from July 9 to July 29, 2026, the campaign forms the fourth edition of BingX’s Global Capital Gala series, featuring trading activities designed around the upcoming earnings season. Participants can earn rewards through earnings-stock trading tasks, first-time trades, and trading challenges tied to earnings announcement dates. Eligible users who complete campaign requirements will have the opportunity to share the total reward pool, with additional incentives available throughout the event period. The campaign highlights the continued
The post AscendEX Exchange Shuts Down With No Guarantee Users Will Get Their Funds Back appeared on BitcoinEthereumNews.com.
Key highlights: The exchange stopped operations on July 1 as the new MiCA rules took effect Users were warned that their assets may not be recoverable Automated withdrawals have been suspended, with all now under manual review Thousands of AscendEX users could potentially lose the funds they have in the crypto exchange. The firm has officially shut down operations amid regulatory challenges and financial difficulties. Interestingly, the company also told its customers that it cannot guarantee that they will recover all of the assets held in their accounts. AscendEX closure raises questions for customers In a notice published on July 6, the firm officially confirmed that it ceased operations on July 1. The company then added that the European Union’s MiCA regulation was a major reason behind the closure. The new framework requires crypto firms operating in the EU
The post Binance Perpetual Contracts Launch New US Equities appeared on BitcoinEthereumNews.com.
Binance Futures is pushing further into traditional finance territory with seven new Binance perpetual contracts set to go live on July 9, 2026 — and the underlying assets are anything but typical for a crypto exchange. Key takeaways Seven USDⓈ-margined perpetual contracts launch on Binance Futures starting July 9, 2026 at 14:00 UTC, staggered every five minutes. Underlying assets include stocks like Wendy’s and RoboStrategy, plus leveraged ETFs tied to Intel and Sandisk, and the SPDR S&P Biotech ETF. Most contracts offer up to 25x leverage; BNCUSDT and FWDIUSDT are capped at 10x. Funding fees settle every eight hours with rates capped at +2.00% / -2.00%, with no adjustment to hourly intervals under any condition. The minimum notional value to trade is just 5 USDT, with a minimum trade size of 0.01 units per contract. Binance Launches Seven New USDⓈ-Margined Perpetual Contracts Rather than
The post Bybit launches Combo Bot Hub to centralize automated portfolio trading across crypto and traditional markets appeared on BitcoinEthereumNews.com.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched the Combo Bot Hub, a centralized platform for portfolio-based automated trading strategies covering both digital assets and traditional financial markets, according to information shared with Finbold on July 9, 2026. The hub consolidates two existing products into a single interface. Futures Combo automates rebalancing across diversified crypto asset portfolios, while TradFi Combo provides automated portfolio exposure to contracts for difference trading across traditional financial assets including stocks, indices, gold, and forex. Bybit’s Combo Bots currently average approximately $3.5 million in daily trading volume. Pre-built strategies and centralized rewards available from launch Users can browse, deploy, and manage multi-asset strategies f
The post Why Memory Stocks Cracked First in the AI Hardware Selloff appeared on BitcoinEthereumNews.com.
The AI trade didn’t break where most people expected. It didn’t start with GPUs or server OEMs. It cracked at memory. SanDisk’s NAND franchise found itself front and center as sellers rushed out of anything tied to bits and wafers. Micron slid alongside it. And the move didn’t come out of thin air — it came right after Korea’s shock session that rattled global semis. Here’s why memory suddenly looked like the weak link in AI hardware, what actually changed under the surface, and how to keep your risk sane when this part of the stack gets loud.
Point
Details
Global trigger
On June 23, South Korea’s KOSPI plunged nearly 10%, halting trade; Samsung Electronics and SK Hynix each fell more than 12% that session (The Washington Post).
U.S. follow-through
SanDisk-linked and Micron names were reported down more than 13% at the close as the memory selloff spread f
June 23 selloff hit memory leaders as Korea’s KOSPI plunged nearly 10% and U.S. names slid 13%. AI demand stayed hot, but pricing power blinked. Here’s what changed.
The post Bybit PWM BTC Funds Post 4.9% Growth in 60-Day Annualized Return as Bybit Expands BTC Yield Suite for Holders appeared on BitcoinEthereumNews.com.
Press Releases are sponsored content and not a part of Finbold’s editorial content. For a full disclaimer, please . Crypto assets/products can be highly risky. Never invest unless you’re prepared to lose all the money you invest. Dubai, United Arab Emirates, July 9th, 2026, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, reported that Bybit’s Private Wealth Management (PWM) BTC fund products have recorded a comprehensive annualized return of approximately 4.9% over the past 60 days, with select individual funds delivering 30-day annualized percentage rates exceeding 40%. Through its BTC-invested, BTC-settled fund structure, Bybit PWM’s BTC strategies offers a more advanced allocation solution to users holding larger BTC positions. Launched in September 2025, Bybit PWM manages over $239 million
