Latest Crypto News & Market Updates

South Korea unveils roadmap for won stablecoins and currency reforms

South Korea has unveiled a roadmap to make the Korean won a freely convertible currency, pairing foreign exchange reforms with a legal framework for won-backed stablecoins and new digital payment infrastructure.　　According to a July 19 report from local mediahouse Etnews, the roadmap was jointly announced by the Financial Services Commission, the Bank of Korea, the Financial Supervisory Service, and the Korea Securities Depository. The plan seeks to remove time and location barriers to trading the Korean won while improving the countrys cross-border capital flow system.　　As part of the proposal, the government plans to establish legal rules for issuing and circulating won-denominated stablecoins under the upcoming Digital Asset Basic Act. The report said the legislation would provide the legal basis for bringing won-backed stablecoins into the domestic financial system while also supporting cross-border movement of funds.　　The Digital Asset Basic Act is expected to introduce a unified legal framework covering cryptocurrencies and stablecoins. Under the proposal, won-backed stablecoins would become an officially recognized issuance category once the law takes effect.　　Stablecoins, CBDCs and tokenized bonds move forward　　Alongside the stablecoin framework, the Bank of Korea plans to expand pilot projects linking an institutional central bank digital currency (CBDC) with tokenized government bonds. The central

07-20Industry

'An Impossible Requirement': Why Have I Been Pwned's Creator Is Dropping Crypto Donations

Troy Hunt, creator of Have I Been Pwned, announced that the measure would likely follow the tightening of Australias cryptocurrency oversight requirements. Hunt stressed that this level of compliance was impossible to fulfill, especially when applied to small donations.　　Key TakeawaysTroy Hunt plans to drop crypto donations because strict Travel Rule laws make small tips impossible.Coinbase required extensive sender data for a $6 donation, disrupting anonymous peer-to-peer funding.AUSTRAC enforced Travel Rule mandates on July 1, tightening KYC oversight for virtual asset providers.　　Have I Been Pwned Security Project To Drop Crypto Donations　　While the tightening of oversight for cryptocurrency transactions is making it difficult for criminals to use digital assets for illicit purposes, it is also affecting use cases where identification is not practical.　　Troy Hunt, creator of the Have I Been Pwned website, which allows users to find out whether their emails have been part of data breaches to verify if their information is at stake, announced that he will likely drop crypto donations due to the enforcement of Travel Rule compliance.　　On social media, Hunt complained after being prompted by Coinbase to provide the information from a donation made by an unidentified third party due to new Australian regulations.　　“I think I can remove

07-20Industry

US agencies miss GENIUS Act deadline for final stablecoin rules

US regulatory agencies missed Saturdays rulemaking deadline under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, one year after the law was signed.　　While several regulatory agencies published proposed rules and collected public feedback during the past year, no final regulations were issued before the deadline.　　Those agencies include the Department of the Treasury, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board, according to rulemaking trackers by law firm Chapman and crypto investment company Paradigm.　　Missing the statutory deadline does not invalidate the GENIUS Act, but the unfinished rules could result in regulatory uncertainty for stablecoin issuers.　　The GENIUS Act established the first comprehensive federal regulatory framework for stablecoins in the US. The act was signed into law by President Donald Trump on July 18, 2025.　　Related: ABA, state banking groups push back on CLARITY Act stablecoin yield provisions　　Treasury issued four rule proposals since law signing　　Of the 10 notices of proposed rulemaking (NPRM) issued since since the GENIUS Act was signed into law, the Treasury Department issued the most proposals, four, covering the broader implementation of the act, including standards for determining whether state stablecoin regulatory regimes are similar to

07-20Industry

Cardano Price Prediction: Van Rossum Hard Fork Is Live But History Says ADA Falls After Every Upgrade

Van Rossum hard fork upgraded Cardano to protocol v11 on July 19 with 93% of nodes already prepared before activationDaily stochastic RSI printed a bullish cross, the same setup that led to 27% and 40% moves in JuneADA has historically sold off after every major hard fork, making this week the direct test of whether that pattern breaks　　Cardanos Van Rossum hard fork went live on July 19, upgrading the network to protocol version 11 and introducing improvements to smart contract efficiency, reduced execution costs, and stronger stake pool security. ADA trades at $0.1626 on July 20, down 2.17%, with a bullish stochastic RSI cross competing directly against a historical pattern that has seen ADA fall after nearly every major upgrade.　　ADA Price Today: Bollinger Midline Is the Line in the Sand　　ADA 1D Price Action (Source: TradingView)　　ADA pulled back below the Bollinger midline at $0.1687 on July 20 after touching the 50-day EMA in the prior session. The Parabolic SAR at $0.1827 sits bearishly above price, keeping the short-term trend in sellers hands.LevelPriceRoleLower Bollinger Band$0.1488Downside target; June support zoneBollinger Midline$0.1687Must reclaim for bull caseParabolic SAR$0.1827Short-term resistance ceilingBollinger Upper Band$0.1885Extended upside targetKey Floor$0.1400Below lower band if selling extends　　The Bollinger upper band at $0.1885

07-20Industry

AI boom could make ASML Europes first trillion-dollar company

The biggest ASML story is no longer just its earnings—it is the growing belief that the company could become Europes first trillion-dollar company. It is expected to be driven by its dominant position in the AI semiconductor supply chain. ASML has increased its forecast revenue for 2026 to a range of between €43 billion and €45 billion ($49 billion to $51 billion), and it announced an expansion of manufacturing capacity by 30% in the next two years.　　The significance of the news extends beyond the Netherlands-based provider of chip-making hardware. ASML is the sole supplier of the extreme ultraviolet (EUV) lithography system in the world; the companys capability to manufacture more equipment will help eliminate one of the main limitations hampering the race for global AI capabilities.　　For most of the past year, the pace of AI technology growth has been tied to a single corporation located in Veldhoven. ASMLs EUV systems can produce the highest-quality chips for Taiwan Semiconductor Manufacturing Co. (TSMC) and memory manufacturers Samsung and SK Hynix. But this time, the company provided more than just advertising of their growth plans.　　The yearly Low-Numerical Aperture (NA) EUV production capacity might grow from 65 in 2026 to 85 in 2027, and

07-20Industry

Japanese logistics firm turns to JPYC stablecoin to fight labor shortages: report

Quick TakeJapans AZ-COM Maruwa Holdings will use JPYC stablecoin to pay truck drivers and other business partners, Nikkei reported.By offering contractors faster payments with stablecoins, the firm seeks to attract more business partners, the report said.　　AZ-COM Maruwa Holdings, a major logistics services company in Japan, will adopt the JPYC stablecoin for payments to business partners.　　According to a report from Nikkei Asia, AZ-COM Maruwa plans to use the stablecoin to pay fees and salaries to roughly 2,300 business partners and individual contractors, including truck drivers.　　The report said this will be the first large-scale corporate use of JPYC, which is the first yen-pegged stablecoin officially registered in Japan. AZ-COM Maruwa is also reportedly considering a partnership with JPYC Inc. that would be accompanied by a 1 billion yen ($6.16 million) investment.　　By offering faster payments through JPYC, AZ-COM Maruwa aims to attract more business partners and tackle the labor shortage issue, which stems from an aging workforce and stricter overtime regulations for drivers, Nikkei reported.　　Growing adoption　　Since its launch last October, JPYC has expanded its local market presence by growing its partnerships. JPYC recently announced that its onchain circulation has surpassed 2 billion yen ($12.3 million).　　Earlier this month, Nikkei reported that Lawson, Japans third-largest

07-20Industry

Taiwan targets alleged leak of TSMC technology in high-stakes China espionage case

Taiwanese prosecutors charged a former TSMC worker on Monday over an alleged theft of closely guarded chip information. The case covers technology that Taipei lists among its national core assets.　　Investigators say the former employee planned to use the stolen material in China. Prosecutors say the data involved methods protected under Taiwans national security rules.　　The filing came one day after President Lai Ching-te spoke at the yearly convention of the Democratic Progressive Party. Lai told party members that Taiwan must protect its democratic system and reject pressure from Beijing.　　He called that pressure “red terror” and said the island must not end up under Chinese rule. Lai won the presidency two years ago, while his party has kept its focus on a separate Taiwanese identity.　　Taiwan widens its defense against Chinese legal and technology pressure　　Beijing rejects that political stance because it considers Taiwan part of China. Chinese leaders treat the island as territory that cannot be separated, even though Taiwan runs its own government, military, courts, elections, and laws.　　Lai said calm periods should not make Taiwan careless. He warned that Beijing is using what he called “legal warfare” alongside military and political pressure. His example was Chinas new ethnic unity law, which could

07-20Industry

A BTC price volatility surge may be brewing, key indicator suggests: Crypto Daily

While past patterns are never a guarantee of future performance, volatility metrics are widely known to be mean-reverting. This cyclical nature suggests that periods of below-average volatility are often followed by higher turbulence, while above-average volatility paves the way for market stability.　　Currently, the index is trading below both its 30-day and 200-day simple moving averages. In essence, volatility is relatively “cheap” and sitting at a historically reliable support zone, suggesting the measure could be set to rise, which means another round of turbulence.　　For now, bitcoin continues to trade just above $64,000, maintaining the range-bound price action that has persisted since last Wednesday. While some analysts have noted two consecutive weeks of spot ETF inflows, the capital movement is tiny compared with the billions yanked from the market during the preceding eight-week outflow streak.　　Global volatility gauges in traditional markets are currently offering mixed signals. South Korea‘s KOSPI VIX is currently above 70%, its highest level since the 1990s. Meanwhile, Wall Street’s VIX jumped over 12% to reach 18% on Friday, where it continues to hover. However, these levels have been in the play for months, which means that stocks are anything but panicked.　　Additionally, the MOVE index, the 30-day volatility gauge for

07-20Industry

British Pound: Sterling rally seen nearing exhaustion against Euro – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong argue recent British Pound (GBP) strength looks stretched as markets price in fiscal discipline from the new UK government under Andy Burnham. They note OECD warnings on United Kingdom (UK) fiscal constraints and expect EUR/GBP, which has fallen to a one‑year low, to recover towards 0.87 in coming months, consistent with a broadly range‑bound view on the Pound.　　Rebound expected after overshoot　　“GBP rallied on reports that Burnham is likely to appoint Shabana Mahmood as Chancellor rather than a candidate perceived as less fiscally conservative. We continue to expect a fiscally responsible shift to the left. However, balancing higher defence spending and reversing cuts to unprotected departments could prove challenging within the existing fiscal framework.”　　“The OECD echoed these concerns in its latest UK outlook, stressing the importance of fiscal discipline. It highlighted high public debt, elevated interest costs, and rising healthcare and social care expenditures as key constraints on fiscal flexibility.”　　“Against this backdrop, we believe the recent EUR/GBP correction, which has pushed the cross to its lowest level in a year, is nearing exhaustion. We continue to expect EUR/GBP to recover towards 0.87 in the coming months, consistent with our broader range-bound GBP view.

07-20Industry

Allbridge pauses cross-chain bridge after $1.65M exploit

Allbridge, the company behind cross-chain stablecoin bridge Allbridge Core, said it has paused the protocol as a precaution after a “security incident” that reportedly saw $1.65 million drained on Sunday.　　The incident affected Allbridge Cores Solana deployment, with the attacker having already bridged the stolen funds from Solana to Ethereum before moving them into privacy pools.　　“Allbridge Core is experiencing a security incident,” it said in a post on X on Sunday. “We have paused the protocol as a precaution while we investigate. If you have liquidity in affected pools, please withdraw now.”　　The Allbridge Core exploit is at least the sixth attack targeting a cross-chain bridge since May. Bridges are attractive targets for attackers because they often hold large pools of funds that back bridged assets on the destination blockchain.Source: Lookonchain　　Onchain Lens reported the attacker made a $1.12 million USDC (USDC) flash loan from Kamino, before rapid USDC/USDT swaps that distorted the Allbridge Core stablecoin pools exchange rate.　　Related: Taiko reopens bridge after $1.7M exploit, says users made whole 　　The attacker then withdrew liquidity at manipulated rates, repaying the $1.12 million USDC loan and keeping the difference.　　“The resulting pool imbalance created a temporary positive arbitrage window. If you took advantage of it, please

07-20Industry

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