South Korea to Unveil Won Stablecoin Bill in October

South Korea is reportedly preparing to introduce a regulatory framework for a won-backed stablecoin, with its financial regulator set to introduce a government bill in October. On Monday, South Korean news portal MoneyToday reported that the Financial Services Commission (FSC) will unveil the bill as part of a second phase of the nation’s Virtual Asset…

XRP Price Bears Target $2.24 After Key Trendline Snaps

Key takeaways XRP price must reclaim $3 support to avoid a deeper correction to $2.24. Spot taker CVD remains negative, suggesting waning demand. XRP (XRP) showed weakness on Monday, down 5% over the last 24 hours, and trading at $2.97. Multiple technical and onchain indicators suggested that the second-biggest altcoin must reclaim $3 support to…

Bitcoin price rising wedge breakdown: How low can BTC go?

Multiple technical indicators and recent whale activity raise Bitcoin’s odds of declining below $100,00 in coming weeks. Source link

Solana Briefly Hits 100K TPS Under Stress Load, Boosting SOL Appeal

Solana briefly recorded more than 100,000 transactions per second (TPS) on its mainnet over the weekend, block data shows. A block processed 43,016 successful transactions and 50 failed ones for a peak of 107,540 TPS, facilitated and processed by validator “Cavey Cool.” The spike was driven by no-operation, or “noop,” program calls, or lightweight instructions…

The most widely used Bitcoin strategy, explained

What is hodling crypto? Hodling crypto means holding onto cryptocurrency long-term instead of selling, regardless of market volatility. In 2013, a late-night forum post on Bitcointalk was titled “I AM HODLING.”  The user, clearly frustrated with market swings and maybe a few drinks in, meant to say “holding.”  Nevertheless, the typo stuck. In the years…

Korea’s Jeju City to Seize Crypto of Alleged Tax Evaders

Tax officials in Jeju City, the capital of the South Korean island province of Jeju, have reportedly started the process of freezing and seizing the crypto of those it believes to be dodging tax requirements.  The move is part of a broader operation that saw authorities investigate 2,962 individuals in arrears for a total of…

Bitcoin Selling Drags Down Altcoins But Dip Buying Continues

Key points: Bitcoin’s pullback is finding support near $117,000, indicating buying on dips. Ether has given up some ground but is likely to find support near $4,094. Bitcoin (BTC) turned down sharply from $124,474 on Thursday, but a positive sign is that the bulls are trying to arrest the decline near $117,000. According to a…

Korea’s Jeju City to Seize Crypto of Alleged Tax Evaders

Tax officials in Jeju City, the capital of the South Korean island province of Jeju, have reportedly started the process of freezing and seizing the crypto of those it believes to be dodging tax requirements.  The move is part of a broader operation that saw authorities investigate 2,962 individuals in arrears for a total of…

Solana Hits 100K TPS with Mainnet Stress Test

Solana throughput briefly spiked to six figures under a high load of program call transactions over the weekend, according to a developer.  Mert Mumtaz, the co-founder of the Solana developer tooling firm Helius, said on Sunday that Solana became the “first major blockchain” to record 100,000 transactions per second (TPS) on its mainnet. He shared…

Altseason Set To Boom If China Expands Economic Stimulus

Key takeaways: China’s central bank stimulus could redirect liquidity into cryptocurrencies. Rising US Treasury yields suggest lower risk aversion, supporting potential recovery in altcoin markets. Central banks stimulate growth by reducing interest rates or enabling special financing conditions, effectively increasing the money supply. This dynamic benefits risk assets such as stocks and cryptocurrencies. Traders now…