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Crypto

Wemix Dollar contract admin rights stolen, 5.23 million tokens abnormally minted

Administrator rights to the Wemix Dollar (WEMIX$) stablecoin contract in the WEMIX ecosystem were stolen, leading to the abnormal minting of about 5.23 million tokens. The Wemix team halted Wemix 3.0 internal and external bridges, related liquidity pool trading, and some services. Minted WEMIX$ was swapped into WEMIX and USDC.e and moved via bridges to Ethereum and BSC, with some assets reaching centralized exchanges.

Games & Commerce

Naver-Dunamu merger hurdle eases as committee recommends amending enforcement decree

South Korea\'s Presidential Regulatory Reform Committee\'s growth subcommittee reviewed an enforcement decree revision to the Act on Reporting and Using Specified Financial Transaction Information on July 24 and recommended that the Financial Services Commission add an exception to fit-and-proper screening rules for major shareholders of virtual asset service providers. The recommendation could ease regulatory burdens raised during Naver\'s bid to acquire Dunamu. The revised law is set to take effect on Aug. 20.

Crypto

Uniswap holds first vote to activate v4 pool protocol fees

Uniswap governance is voting on a proposal to activate protocol fees for certain v4 pools. It is also voting on a separate proposal to expand v2 and v3 fee collection on Robinhood Chain. Both proposals have moved to a final on-chain vote running from July 19 to July 26. Uniswap founder Hayden Adams said on X that, given current volumes including on Robinhood Chain, the impact on UNI burns would be significant.