Bank of Korea stands firm on bank-led stablecoin push as deposit token pilots advance

The Bank of Korea (BOK) has doubled down on its stance that won-denominated stablecoins should first be issued through bank-led consortiums.  According to local reports from Digital Asset and EDaily, the central bank made the comments in materials submitted on Thursday to the National Assemblys finance committee. Local outlets reported that the BOK called for safeguards, including priority issuance by bank-led consortiums and a statutory policy body involving relevant agencies.  The latest comments reinforce the BOKs months-long push to keep won stablecoin issuance under bank-led structures. The central banks stance has divided policymakers and industry groups and contributed to delays in South Koreas digital asset bill.  The BOK also said it plans to continue developing deposit-token use cases in the second half of the year, including support for government subsidy payments, vouchers, electric vehicle charging infrastructure and further real-world transactions for the general public. Deposit tokens are digital tokens that represent commercial bank deposits.  In April, BOK Governor Hyun-Song Shin expressed support for deposit tokens and central bank digital currencies (CBDCs) in his first public address, while South Koreas Ministry of Economy and Finance announced a pilot to use tokenized deposits for government operational spending.  BOKs stablecoin stance keeps bill debate alive  The BOKs latest comments

07-09انڈسٹری

Adam Backs Bitcoin treasury company seeks new terms with Cantor for SPAC merger

The Bitcoin Standard Treasury Company (BSTR), founded by Blockstream CEO Adam Back, wants to change the terms of its merger agreement with Cantor Equity Partners for a public offering.  According to a Wednesday announcement, BSTR and Cantor Equity Partners I, the special purpose acquisition company (SPAC) created by financial services giant Cantor Fitzgerald, scrapped the original terms of a 2025 merger agreement and will negotiate a new deal. Although the details were not included in the announcement, both companies said that they intended to negotiate terms that “better reflected market conditions.”  Source: BSTR  A shareholder meeting scheduled for Friday intended to address the SPAC merger and a public offering was postponed indefinitely. The companies said that they would “provide further details in due course.”  BSTRs initial deal included contributing more than 30,000 Bitcoin (BTC) and $1.5 billion in PIPE (Private Investment in Public Equity) financing. The US Securities and Exchange Commission (SEC) recognized the registration statement for the agreement in June, with many expecting the public offering soon to follow.  Related: Capital B raises $1.3M from Adam Back for Bitcoin strategy  According to a February report from Institutional Investor, Cantor was giving itself “a lot of wiggle room” in SPAC deals, no longer keeping its sole

07-09انڈسٹری

Officials set to revise MiCA to cover non-EU stablecoin issuers: Report

European Union officials are reportedly planning to revise the Markets in Crypto-Assets (MiCA) framework amid the implementation of a US law on stablecoins.  According to a Wednesday report from Euronews, EU officials planned to revisit proposed changes to MiCA to broaden the frameworks scope, specifically regarding non-EU companies issuing stablecoins.  The revised rules, which authorities will reportedly consider in 2027, were in response to the US governments Guiding and Establishing National Innovation for US Stablecoins, or GENIUS, Act, putting pressure on EU officials to clarify how US stablecoin issuers could be regulated in member states. Officials will also reportedly consider expanding MiCA to include rules on tokenized payments and deposits.  Under MiCA, crypto companies offering services to EU-based users across 27 member states must now be licensed as Crypto-Asset Service Providers (CASPs) by a regulator in one of the member states. Although the licensing requirement took effect on July 1, European Commission officials had already opened a comment period for potentially revising the framework, including provisions on decentralized finance (DeFi) and stablecoins.  Related: Stablecoin-settled TradFi perpetual trading tops $1.1T: Binance Research  The proposed framework, which some have dubbed “MiCA 2.0,” will remain open for comments until Aug. 31. However, Miroslav Durić, a senior associate at

07-09انڈسٹری

Trump-linked AI Financial may sell core unit for just $15m

AI Financial, formerly known as Alt5 Sigma, is in talks to sell its core payments business to Tokyo-based blockchain firm Perpetuals.com. The Wall Street Journal reported that the deal could be worth up to $15 million.  SummaryAI Financial may sell Alt5 Sigma Canada after WLFI losses wiped out most shareholder value.The possible deal remains non-binding, with Perpetuals.com still reviewing terms and due diligence.Trump-linked World Liberty remains under scrutiny as crypto.news reports rising political and ethics questions.  WSJ: Trump Family Crypto Project-Linked AI Financial in Talks to Sell Core Business for Up to $15M  According to The Wall Street Journal, AI Financial, formerly Alt5 Sigma, is in talks to sell its core payments business to Tokyo-based blockchain company Perpetuals com for up to… pic.twitter.com/MUwBaWXtRJ  — Wu Blockchain (@WuBlockchain) July 8, 2026  The possible sale would cover Alt5 Sigma Canada, a payments subsidiary owned by AI Financial. Perpetuals.com said in a July 7 filing that it had signed a non-binding term sheet to explore the acquisition.  The filing said, “No decisions have been made,” while Perpetuals.com reviews the business. The company also said it is carrying out due diligence before any final agreement.The talks mark a sharp turn for AI Financial. Less than a year ago, the company

07-09انڈسٹری

Kraken leads MiCA exchanges as EU crypto rules bite

Kraken leads MiCA-regulated crypto exchanges in liquidity, according to DefiLlamas MiCA exchange dashboard. The data cited by Wu Blockchain showed Kraken with $399.71 million in spot liquidity and $206.90 million in perpetual liquidity, placing it first in both categories.  DefiLlamas live MiCA-regulated exchanges dashboard later showed Kraken still ahead, with more than $400 million in spot liquidity and more than $220 million in perpetual liquidity. The live figures may change because liquidity data moves with market depth, prices and exchange activity.  Coinbase ranked second in the figures cited by Wu Blockchain, with $305.23 million in spot liquidity and $167.39 million in perpetual liquidity. DefiLlamas live page still placed Coinbase among the top regulated venues, but behind Kraken in the main liquidity table.  The gap matters for traders who need deeper order books. Higher liquidity can help reduce slippage when users place larger orders. It can also make an exchange more useful for active traders, market makers and institutional clients.  Coinbase and Crypto.com remain close rivals  Coinbase remains Krakens closest large rival among MiCA-regulated exchanges. The exchange has built its European base in Luxembourg, where it uses a MiCA license to serve users across the bloc.  crypto.news reported that Coinbase opened its Luxembourg MiCA hub as the

07-09انڈسٹری

AscendEX crypto exchange shuts down, no assurance on user payouts

Quick TakeCrypto exchange AscendEX announced on July 6 that its platform ceased operations on July 1, citing regulatory, financial, and operational challenges.The companys statement indicated that the current liquidity issue may restrict full user withdrawals.  Crypto exchange AscendEX announced that it has shuttered operations effective July 1, citing regulatory pressures and financial challenges.  In an official notice dated July 6, the exchange stated that the decision stemmed from a combination of factors, including the full implementation of the European Unions MiCA on July 1, for which AscendEX does not hold authorization. Other financial and operational issues affected the platform.  The exchange also indicated that existing users may not be able to withdraw the full crypto balances they held on the platform.  “We relied on an agreed strategic transaction that was to provide liquidity to grow the platform, and the counterparty did not perform; wider crypto market conditions have added further pressure,” AscendEX wrote. “We are currently assessing the companys financial position and considering what options, if any, may be available in relation to account holders.”  AscendEX noted that account access is restricted to limited offboarding purposes, and automated withdrawals have been paused. Withdrawal requests are subject to manual review, and therefore could be delayed, the

07-09انڈسٹری

Circle faces July 18 GENIUS Act test as CRCL stock risks fresh slide

Circle stock has remained under pressure ahead of the July 18 deadline for U.S. regulators to publish implementation rules for the $GENIUS Act, while technical indicators continue to point to downside risks for CRCL shares.  According to the $GENIUS Act signed by President Donald Trump on July 18, 2025, federal agencies were given one year to prepare the regulatory framework governing stablecoin issuance, licensing, reserve management, and supervision.  That transition period expires on July 18, 2026, leaving the Federal Reserve, the U.S. Treasury, and other financial regulators with just days to release the required guidance.  The upcoming rules are important for Circle because the company issues USDC, one of the largest stablecoins by circulation. As crypto.news previously reported, any changes affecting reserve standards, licensing requirements, or issuer obligations could influence investor expectations for Circles business and, by extension, CRCL stock.  July 18 rules could become the next catalyst  Regulatory attention arrives as lawmakers remain divided over the second major U.S. crypto market structure bill.  Prediction market platform Kalshi currently assigns a 45% probability to the CLARITY Act becoming law. The bill has faced opposition from banks, which argue that allowing companies such as Circle and Coinbase to offer yield on stablecoin balances could encourage customers to

07-09

Crypto Esports Prediction Markets Draw Millions at MSI 2026 — Is It Legal?

When T1‘s ADC Peyzripped a dragon steal from G2 Esports at the exact moment they were about to secure the Infernal Soul, the esports world exploded. But the real story wasn’t just the play — it was what surrounded it. Coinbases crypto esports prediction marketswere live, verified by Riot Games, and millions of fans watching MSI 2026 suddenly had financial skin in the game.  Key takeawaysCoinbase is the headline sponsor of MSI 2026, League of Legends premier international mid-season tournament.Coinbase has launched crypto-based prediction marketsfor match outcomes, officially verified by Riot Games and LoL Esports.Fans can bet on match winners through a crypto-native platform with official league backing — no DeFi knowledge required.No specific crypto tokens or blockchain projects are directly tied to in-game events or match objectives.Prediction markets remain in a regulatory gray zoneacross many jurisdictions, and the high-profile partnership could attract scrutiny.  Coinbase at MSI 2026: More Than a Logo on a Banner  MSI — the Mid-Season Invitational— is League of Legends second-biggest international stage, sitting just below Worlds in prestige. The 2026 edition features elite teams from the LCK (Korea), LPL (China), LEC (Europe), and LCS (North America), drawing tens of millions of viewers globally. That audience is young, digitally

07-09

Ethereum Price Analysis: Fresh Pullback Pushes ETH Further From $2K

Ethereum has been trying to recover from its early June sell-off, but the rebound is getting rejected from a technically significant resistance area. While short-term momentum still remains constructive, both the daily structure and the Coinbase Premium Index suggest buyers still have work to do before confirming a broader trend reversal.  Ethereum Price Analysis: The Daily Chart  The daily chart shows $ETH trading around $1.74K after bouncing from the major demand zone at $1.5K. That area once again attracted buyers and produced a sharp recovery, allowing the asset to attack the $1.85K region once more.  Despite the rebound, Ethereum remains below the long-term descending trendline that has capped it since last year. The recovery has also stalled beneath the resistance at $1.85K, which almost aligns with the trendline and represents the first major barrier buyers must overcome.  Adding to the bearish higher-timeframe picture, the price continues to trade below both the 100-day and 200-day moving averages, with the 200-day MA positioned considerably higher near the $2.2K area. This indicates that the broader trend remains bearish despite the recent recovery.  A decisive daily close above the $1.85K resistance could trigger a move toward the next supply zone around $2K to $2.2K, where the moving averages are

07-09

South Korean super app Toss partners with Optimism for won linked stablecoin trial

South Korean financial super-app Toss has signed a strategic agreement with Optimism and Sunnyside Labs to test blockchain infrastructure for South Korean won-linked stablecoins through a three-month technology verification program.  SummaryToss has partnered with Optimism and Sunnyside Labs to test blockchain infrastructure for South Korean won linked stablecoins over the next three months.The companies will evaluate payment settlement, compliance requirements and privacy protection using Optimism‘s OP Stack and Sunnyside Labs’ Privacy Boost technology.The project will assess whether public blockchain infrastructure can meet institutional financial standards while supporting secure and scalable digital payments.  According to a press release shared with crypto.news, the financial technology company will work with Ethereum layer 2 network Optimism and privacy technology developer Sunnyside Labs to examine whether blockchain infrastructure can support institutional payment systems while meeting financial regulations in South Korea. The companies will carry out a proof-of-concept (PoC) over the next three months.  Three areas under review  As part of the project, the companies will evaluate whether financial institutions can directly manage payment and settlement processes, comply with customer identification and anti-money laundering requirements, and protect sensitive transaction information while operating on a public blockchain.  Those requirements form the basis of the technical assessment, with Optimism providing blockchain infrastructure through

07-08انڈسٹری
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