Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. South Korea’s crypto scene has long stood out — defined by fearless traders, rapid market cycles, and the famous “Kimchi premium” that often pushed local prices far above global averages. This was…
Bitcoin hovers below recent highs after a modest bounce, with mixed technical signals and fading gains across leading cryptocurrencies this week. Bitcoin, ethereum, and ripple opened the week stronger but lost momentum, with bitcoin trading below key resistance near $86,000. Technical indicators suggest near-term uncertainty: RSI moved up from oversold, while MACD points to ongoing…
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…
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…
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…
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;…
Kevin Hassett is the top contender for Federal Reserve chair under Trump, with his ties to Coinbase stirring debate about conflicts of interest. Summary Kevin Hassett, trusted by Trump and favoring rate cuts, is the front-runner for Fed chair as Powell’s term nears its end. Hassett owns over $1 million in Coinbase stock and served…
The South African Reserve Bank warns that booming local crypto and stablecoin use, paired with regulation gaps, could threaten financial stability. Summary Nearly eight million South Africans now use crypto, with exchanges holding $1.5 billion in assets. Stablecoins have overtaken bitcoin as the primary trading pair due to lower volatility. Regulators warn that the lack…
MegaETH has run into problems that forced the team to pull back from an expansion of its token sale. Summary A misconfigured multisig and overloaded KYC APIs were some of the issues that caused repeated failures during launch. Rate-limits on Sonar’s infrastructure contributed to the breakdown. No funds were at risk, but the user experience…
The Trump family’s wealth fell by $1B due to crypto market declines, with major losses in tokens, mining ventures, and Trump Media’s bitcoin holdings. Summary Trump Media & Technology Group and World Liberty Financial suffered large losses as crypto and bitcoin investments declined. Eric Trump and Donald Trump Jr. joined Hut 8, securing control in…
