South Korea's People Power Party will soon propose a K-Genius Act to facilitate the introduction of stablecoins, News1 reported on Wednesday. The move comes amid growing calls from various sectors for...

South Korea's People Power Party will soon propose a K-Genius Act to facilitate the introduction of stablecoins, News1 reported on Wednesday. The move comes amid growing calls from various sectors for such a measure.

Kim Sang-hoon, chairman of the party's special committee on stock and digital asset value-up, told reporters after a full committee meeting that the ultimate goal of the bill is to ensure the stability of profits from stablecoin trading.

South Korea's People Power Party to propose K-Genius Act for stablecoins

Gold prices are in a notable correction after hitting record highs. On October 21, the precious metal suffered its biggest one-day drop in more than 12 years.
Meanwhile, Bit...

Gold Just Had Its Worst Day in 12 Years — Will Bitcoin Benefit?

Zhao Ying, Wall Street Journal
According to recent media reports, large Bitcoin holders are shifting their wealth from the blockchain to Wall Street balance sheets. A new generation of ETFs offers cryptocurrency tycoons a new way to bring their digital assets into the regulated financial system—without having to sell them, and through funds operated by major asset managers like BlackRock.

A regulatory change this summer opened the door to this trend, allowing large investors to exchange Bitcoin for shares in an "in-kind swap" transaction. This trading method is already widely used in most ETFs, but it wasn't until July of this year...

BTC whale turn to Wall Street: Over $3 billion flows back into the traditional financial system

Author: Dingdang
I experienced two "Huamen" market crashes in one day.
As professional trader Eugene said, the crypto market is experiencing a hellish level of difficulty, and even excellent traders may not be able to escape the fate of being repeatedly "harvested."
Let's first look at the market data. BTC surged to $114,000 before plummeting, currently trading at $108,260, a 24-hour drop of 1.85%; ETH fell from $4,110 to $3,850, a drop of 2.73%; SOL is currently trading at $186, a drop of 0.98%; BNB...