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South Korea’s 22% Crypto Tax Crashes Trading Volume
- South Korea confirmed a 22% crypto tax starting in 2027, with first returns due in May 2028.
- Annual gains above 2.5 million won, roughly $1,740, will fall under the new tax rules.
- Trading volume across the five main Korean exchanges dropped 54.6% during the H1.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
George Santos Kalshi Bet Cost Him $35,000: Who Caught Him First?
- George Santos must pay $35,000 for betting against his own attendance.
- He told people he would attend. He quietly bet he would not.
- Kalshi flagged the trades in seconds. Traders filed 100 complaints in minutes.
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Pump.fun Layoffs Spark Fury After Workers Miss Million-Dollar Token Payouts
- Ex-Pump.fun staff say they were fired weeks before their PUMP tokens vested.
- The July 12 cliff released 82.5 billion PUMP to the team and investors.
- The team's slice alone is worth about 5 months of platform revenue.
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Microsoft Copilot Lawsuit Deadline Is August 11: Will Investors Get Money Back?
- Microsoft investors have until August 11 to take charge of the lawsuit.
- The suit says Microsoft hid Copilot problems before a 10% stock drop.
- Microsoft has since added $450 billion in value, a US record.
Apple Stock Slips After Earnings: Can $280 Hold the Line for a New All-Time High?
- Apple stock points to a 7% drop despite beating Q3 revenue and EPS estimates.
- Guidance of 9%–11% growth and rising memory costs spooked investors.
- Support sits at $280, with the $344.57 all-time high still in reach.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
Roblox Stock Sinks Nearly 14% After-Hours as New Child Safety Measures Weigh on Outlook
- Roblox shares dropped 14% after hours on mixed second quarter results.
- Bookings growth crashed to 8% from 63% just two quarters earlier.
- Weak third quarter bookings guidance trailed analyst expectations sharply.
