Kakaobank is developing a won-pegged stablecoin, hiring blockchain talent, and preparing for security token offerings amid South Korea’s new legislation. Kakaobank is building blockchain infrastructure for a “Kakao Coin” stablecoin and hiring backend developers with smart contract expertise. The bank plans to launch security token offerings (STO), partnering with Korea Investment & Securities and Lucent…
Solana price is edging toward the $140 mark as steady institutional demand continues to shape its market direction. Summary SOL trades near a key resistance level, with spot and futures volumes showing mixed activity. Solana spot ETFs have logged 21 straight days of inflows, pulling in $53M on Nov. 25 and reaching $621M total. Price…
The CFTC is forming the CEO Innovation Council to guide crypto and prediction market policy. Selig is nominated for chair as a leadership change looms. Summary The CFTC’s CEO Innovation Council will accept senior executive nominations until Dec. 8 to advise on digital assets and market structure. Current acting chair Pham stresses industry leadership while…
World Liberty Financial price bounced sharply after breaking out of a month-long triangle amid a surge of on-chain buyback activity. Summary WLFI traded is up 8% following a clean breakout from a month-long triangle. On-chain data shows roughly $10 million in USD1 spent on buybacks, lifting price toward the top of its weekly range. Rising…
GDP data as scheduled due to a government shutdown, leaving policy makers without timely insights. Summary The initial third-quarter U.S. GDP estimate is delayed, with the BEA giving no clear timeline for release following a government shutdown. The BEA’s second GDP estimate and September personal income/spending report are postponed, with some data now expected by…
Pepe price risks an 18% decline unless buyers hold key support, as whale accumulation rises but retail selling drives short-term weakness. Summary Pepe’s price dropped over 55% in three months, with continued selling dominating despite modest gains after Nov. 21. Whale accumulation has increased, but retail traders keep pressure on by moving coins to exchanges…
U.S. spot Bitcoin ETFs have recorded their fourth consecutive week of net outflows in November, with $3.7 billion withdrawn so far. Will this continued exodus keep suppressing the price of the leading cryptocurrency as we head into December? Summary U.S. Bitcoin ETFs have shed $3.57 billion since the start of November. Bitcoin is down 31%…
Banking giant U.S. Bancorp has been actively testing stablecoins over the past months and has tapped the Stellar blockchain as a part of the plan. Summary U.S. Bancorp is piloting stablecoin payments and custody services on the Stellar blockchain amid renewed interest in digital assets. Other major U.S. banks, including Citi, Goldman Sachs, and Bank…
Texas acquired $5M of BlackRock’s iShares Bitcoin Trust, marking a pioneering step toward creating the first state-level bitcoin reserve in the U.S. Summary Texas has purchased $5 million of BlackRock’s iShares Bitcoin Trust as part of a $10 million legislated bitcoin reserve initiative. The state is finalizing guidelines and custodian selection for direct bitcoin holdings;…
Monad’s first week on mainnet hasn’t been entirely smooth, with users now reporting spoofed ERC-20 token transfers after mainnet launch. Summary Monad users reported spoofed ERC-20 transfers shortly after MON debut. The fake transfers don’t move funds but are crafted to look legitimate, a common scam tactic on new EVM chains. No assets have been…
