According to BlockBeats, on July 22, the algorithmic stablecoin Balance Coin suffered a severe de-pegging due to a suspected security incident, with its price plummeting from approximately $0.9954 to $0.001358, a drop of over 99%.

Blockchain security firm PeckShield stated that the de-anchoring incident is related to an attack of approximately $915,000 suffered by 42DAO, the decentralized autonomous organization governing the Balance Protocol ecosystem and its BLC token.

Another security firm, TenArmor, stated that it has detected suspicious attack activity involving GemJoin and 42DAO on the BNB Chain. Currently, the project team has not released detailed information regarding the cause of the incident or its subsequent handling plan.

According to BlockBeats, data released by the Bank of Korea on Wednesday, July 22, shows that driven by rising housing and securities prices, South Korean per capita household net worth will reach 274.7 million won (approximately US$185,600) in 2025, an increase of over 9% year-on-year. This growth rate is significantly higher than the 3% in 2024.

In 2025, the South Korean stock market performed the best among Asian markets, with the Seoul Composite Index (KOSPI) surging nearly 76% for the year, the largest increase since 1999, far exceeding the S&P 500 index's annual increase of about 17% and the MSCI Asia Pacific Index's annual increase of about 25%.

The core driver of this historic rally is the cyclical recovery of the global semiconductor industry. The performance and stock prices of semiconductor giants such as Samsung Electronics and SK Hynix, pillars of the South Korean economy, have a significant impact on the overall market. Goldman Sachs' chief strategist for Asia Pacific previously pointed out that the end of semiconductor inventory depletion, coupled with a new demand cycle driven by artificial intelligence, has brought strong profit recovery expectations to South Korean technology stocks, which is the core engine driving the KOSPI index upward.

According to a report by the WSJ on July 22, BlockBeats stated that US President Trump has approved a 30-year civilian nuclear cooperation agreement with Saudi Arabia. The agreement, estimated to be worth tens of billions of dollars, will support Saudi Arabia's civilian nuclear energy program and may pave the way for future uranium enrichment activities within its borders.

Under the agreement, U.S. companies will play a central role in the construction of Saudi Arabia's nuclear infrastructure. The two sides will also conduct a two-year joint study to assess the commercial viability of uranium enrichment in Saudi Arabia. If deemed necessary by the study, the U.S. will construct uranium enrichment facilities in a "black box" manner to prevent the proliferation of sensitive technologies and ensure that enriched uranium and spent fuel are not used for military purposes.

The agreement also stipulates that if the United States ultimately does not agree to proceed with the uranium enrichment project, Saudi Arabia shall not conduct uranium enrichment activities on its own or in cooperation with other countries for the next 10 years.

The report states that Westinghouse Electric is expected to be a major beneficiary, with its AP1000 nuclear reactor anticipated to be a key option for Saudi nuclear power projects.

However, the agreement has raised concerns about the risk of nuclear proliferation in the Middle East. Critics point out that allowing Saudi Arabia to develop uranium enrichment capabilities could encourage other countries in the region to develop similar technologies. Saudi Arabia's previous refusal to accept the International Atomic Energy Agency's (IAEA) stricter Additional Protocol verification mechanism has further exacerbated these concerns.

The agreement is expected to be submitted to the US Congress for review soon. Meanwhile, the US continues to demand that Iran limit its nuclear program and surrender its stockpile of highly enriched uranium. Observers believe that the US's simultaneous pressure on Iran and support for Saudi Arabia's civilian nuclear program could raise questions about policy consistency. The Trump administration, however, maintains that as long as Saudi Arabia's nuclear program remains under strict regulation, the two demands are not contradictory.