China

South Korea’s long-awaited crypto law stalls over who can issue stablecoins

South Korea's anticipated legislation on cryptocurrency has stalled due to disagreements over which entities should be allowed to issue stablecoins. The proposed law aims to regulate the rapidly growing crypto market and ensure consumer protection, but discussions have been hampered by differing opinions among lawmakers and industry stakeholders. Key concerns include the potential risks associated with stablecoin issuance and the need for a clear regulatory framework. As a result, the timeline for implementing the new regulations remains uncertain, leaving the crypto market in a state of ambiguity.

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Crypto Market Bill Heads to Senate Agriculture Markup Amid Banking Committee Delays

The crypto market bill is advancing to the Senate Agriculture Committee for markup, despite delays in the Senate Banking Committee. This legislation aims to establish a regulatory framework for digital assets and improve oversight of the crypto industry. The push for the bill comes amid ongoing discussions about the need

New Bitcoin Whales Outpace Old Guard in $6B Supply Tug-of-War

A recent analysis reveals that new Bitcoin whales, defined as entities holding over 1,000 BTC, are rapidly accumulating the cryptocurrency, surpassing the older generation of holders. This shift has resulted in a significant supply tug-of-war, with approximately $6 billion worth of Bitcoin being transferred to these new investors. The

Bitcoin, DeFi and Tokenized Assets to Drive Crypto’s Next Phase, ARK Says

ARK Invest predicts that Bitcoin, decentralized finance (DeFi), and tokenized assets will be pivotal in driving the next phase of the cryptocurrency market. The firm highlights that Bitcoin's role as a digital gold and a hedge against inflation will continue to attract institutional investors. Additionally, the growth of

Bitcoin swings trigger rare split liquidation as longs and shorts both get hit

Recent volatility in Bitcoin prices has led to a rare split liquidation, affecting both long and short positions in the market. As Bitcoin experienced significant swings, traders on both sides faced substantial losses, with liquidations exceeding $200 million in a single day. The market's unpredictable movements have created

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Crypto Market Bill Heads to Senate Agriculture Markup Amid Banking Committee Delays

New Bitcoin Whales Outpace Old Guard in $6B Supply Tug-of-War

Bitcoin, DeFi and Tokenized Assets to Drive Crypto’s Next Phase, ARK Says

Bitcoin swings trigger rare split liquidation as longs and shorts both get hit