Summer.fi will wind down operations after a $6.04 million exploit hit its Lazy Summer Protocol on July 6, wiping out the capital the team needed to rebuild. The five-year-old Decentralized Finance (DeFi) platform said the app will remain live until August 31. Summer.fi Closes Doors as July 6 Exploit Wipes Out Rebuild
Crypto was born to work without permission - and yet regulation now shapes almost everything you can do with it. This 2026 guide explains why governments regulate crypto, the main rules (KYC/AML, licensing, stablecoins, tax), how approaches differ worldwide, and what it means for you.
The Bank of Korea raised its benchmark rate to 2.75% on Thursday, marking its first increase since January 2023 as consumer inflation climbed to a three-year high. The decision lands as South Korea’s stock market swings violently, with chipmakers SK Hynix and Samsung Electronics leading steep losses on Thursday.