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A 20-year-old man allegedly stabbed a South Korean investment YouTuber after suffering losses from his advice during a 9% KOSPI crash. Police reportedly arrested the man on Tuesday on suspicion of attempted murder. Bull Theory reported that 1.2 million leveraged retail accounts in South Korea triggered margin calls on July 13.

Stablecoin payment startup Cyclops raised $20 million in a Series A round led by Nava Ventures. Cyclops helps payment firms offer stablecoin settlement and crypto payments without operating blockchain infrastructure. The funds will support development, global licenses, and hiring.

EU DAC8 and UK CARF rules began applying on Jan. 1, 2026, starting data collection for 2027 crypto tax reports. Covered UK providers must submit first reports to HMRC between Jan. 1 and May 31, 2027. Sept. 30, 2027 is the common EU authority exchange deadline for 2026 nonresident user information. Provider reports do not calculate cost basis, gains, or tax owed.

AMLA chair Bruna Szego warned that the end of MiCA's 18-month transitional period could strain EU VASP compliance. MiCA's transitional period ended on July 1, requiring CASPs to hold a license to continue serving EU customers. ESMA said unauthorized crypto service providers must take immediate steps to wind down EU activities. Szego said AMLA will publish a crypto money laundering risk report before the end of the year.

Fed's Williams said inflation remains around 4% and still needs to fall to the 2% target. Williams expects overall inflation to decline to about 3.25% by the end of this year and reach 2% in 2028. Williams said the current monetary policy stance is appropriate to achieve this goal.