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"Digital Asset Innovation and Growth Act" Released Stablecoin Issuance Requirements Specified Capital Requirement Raised from ₩500 Million to ₩1 Billion, Doubled ICO Authorization Rights Granted to Statutory Associations The Democratic Party of Korea
The Democratic Party of Korea has announced its intention to expedite the enactment of the 'Digital Asset Basic Act'. Representative Kang Jun-hyun of the Democratic Party stated at the 'Digital Asset Innovation Bill Public Briefing' held at the Natio
The Democratic Party of Korea has directly refuted the interpretation that the government could intervene in decisions regarding the delisting of virtual assets from domestic exchanges. An official from Min Byung-deok's office stated to BloomingBit o
Clarification of Crypto Regulations... Spotlight on Clarity Act Will It Surpass the Genius Act?... Attention on Impact 'Crypto = Commodity'... Clear Legal Status Senate Hurdle Remains... Legislative Speed a Variable As the United States speeds up the
Min Byung-deok, a Democratic Party of Korea lawmaker who proposed the Digital Asset Basic Act, said on the 10th that there are "concerns of conflicts of interest" regarding the 'Digital Asset Exchange Joint Consultative Body (DAXA, DAXA),' which is a
Cardano (ADA) has launched the Bitcoin (BTC) DeFi protocol 'Cardinal'. Charles Hoskinson, founder of Cardano, announced on the 10th (local time) via X that he is launching a Bitcoin DeFi protocol developed for Cardano. The protocol, named 'Cardinal',
Ripple, the issuer of XRP, will newly invest $5 million (about ₩7 billion) in blockchain education in the Asia-Pacific (APAC) region. On the 10th (local time), Ripple announced on its official website, "Through the University Blockchain Research Init
According to Kaito, an AI-powered web3 search platform, and its Token Mindshare (an index that quantifies a specific token’s influence within the virtual asset market), as of the 10th, the top 5 most trending keywords related to virtual assets are Et
The United States Ethereum (ETH) spot Exchange Traded Fund (ETF) recorded a net capital inflow for 16 consecutive trading days. According to TraderT on the 10th (local time), the US Ethereum spot ETF saw a net inflow of $52.47 million (approximately
The United States Bitcoin (BTC) spot Exchange Traded Fund (ETF) returned to net inflow after three trading sessions. According to Trader T on the 10th (local time), on the previous day (the 9th), $385.47 million (approximately ₩520 billion) was net-i
<Today's Major Economic Schedule> ▶︎10th (Tue): △US May Consumer Inflation Estimate (00:00 KST, 11:00 US time) △US Atlanta Fed Q2 GDPNow (02:00 KST, 13:00 US time) △Korea April Current Account (08:00 KST, 19:00 US time) <Today's Major Cryptocurrency
The price of Bitcoin (BTC) is trading below $110,000. According to CoinMarketCap, a digital asset market monitoring site, the price of Bitcoin was about $109,762.94 as of 10:52 AM KST. This marks a rise of approximately 3.9% from the previous day. Ea
The Democratic Party of Korea is accelerating the process of enacting the 'Digital Asset Basic Act.' On the 10th, Min Byung-deok, a party member, announced he had introduced the Digital Asset Basic Act as the lead sponsor. This Act provides comprehen
There is analysis suggesting that the buying pressure from United States investors is indicating an upward cycle for Bitcoin (BTC). Crypto Dan, a contributor at CryptoQuant, stated on the 10th through CryptoQuant, "The current market has continued it
U.S. authorities have indicted the CEO of a Russian cryptocurrency company on charges of embezzlement. According to CNBC on the 9th (local time), U.S. federal prosecutors have arrested and charged the Russian national, Yuri Gugin. Gugin, the CEO of a
There is speculation that the Stablecoin Act (GENIUS Act) is highly likely to pass the U.S. Senate this week. Bloomberg reported on the 9th (local time), "(The Stablecoin Act) gained support last month from U.S. Democratic senators such as Mark Warne
Amid Bitcoin (BTC) price increases, over $100 million worth of short (sell) positions were liquidated in the past hour. CoinDesk, citing CoinGlass data on the 9th (local time), reported, "Over $110 million of short positions were liquidated in just o
There is a view that the price of Ethereum (ETH) could soon rise to $3,600. Cointelegraph reported on the 9th, citing Coinglass data, that "the size of open interest (OI) in Ethereum futures increased by 40% from $26 billion to $36 billion over the p
The price of Bitcoin (BTC) has once again surpassed $110,000. According to cryptocurrency market data website CoinMarketCap on the 10th, Bitcoin’s price exceeded $110,000 at around 6:29 AM KST. This is the first time in about two weeks since last mon
Cryptocurrency A to Z Trump Tariffs and Other Impacts If the Negotiations Conclude by the 4th of Next Month Bitcoin Headwinds May Ease Possibility of Fed Rate Cuts "Bullish in H2" Forecasts Emerge Last month, the price of Bitcoin surpassed $110,000 f
President Javier Milei of Argentina has been cleared of charges in the 'Libra scandal' investigation. On the 7th (local time), according to The Block, the Anti-Corruption Office of Argentina (OA) announced that same day it had concluded President Mil
<Major Economic Events Next Week> ▶︎June 9 (Mon): △Japan Q1 GDP (KST 8:50, U.S. 19:50) △China May Consumer Price Index (KST 10:30, U.S. 21:30) △China May Trade Balance (KST 12:00, U.S. 23:00) ▶︎June 10 (Tue): △U.S. May Consumer Inflation Expectation
The global virtual asset exchange Binance is adding OpenRoot (OL) to Binance Alpha. On the 8th, Binance announced on its official website, "Binance Alpha will list OpenRoot" and added, "Users who hold more than 233 Binance Alpha Points will be able t
James Wynn, a cryptocurrency whale (large investor), directly criticized the decentralized exchange (DEX) Hyperliquid (HYPE). On the 8th, James Wynn stated on X, "If Changpeng Zhao (CZ), the founder of Binance, launches a derivatives decentralized ex
The Reserve Bank of India (RBI) announced that it is "concerned about the potential risks that cryptocurrencies may pose to financial stability and monetary policy." According to local media such as The Times of India on the 7th (local time), Sanjay
Hong Kong-based virtual asset exchange BiT Global and US-based virtual asset exchange Coinbase have reached an agreement to settle their legal dispute regarding Wrapped Bitcoin (WBTC). According to CoinDesk on the 7th (local time), BiT Global submitt
Analysis suggests that the valuation of the stablecoin issuer Tether (USDT) would reach $515 billion (about ₩701 trillion) if it were to go public. Jon Ma, the founder of Artemis, stated on X on the 7th (local time), "If Tether were to list today, it
According to Token Mindshare Top Gainer, an indicator from the AI-powered web3 search platform Kaito (Kaito), which quantifies the influence of specific tokens in the virtual asset market, as of the 8th, the top five most searched crypto-related keyw