Coinedition
South Korea bans Bitcoin ETFs, citing investor protection, sparking regulatory criticism. Global crypto ETF adoption rises as South Korea enforces stricter investment rules. Restrictive policies may hinder South Korea’s role in the evolving digital asset market.
Yao Qian used virtual currency to trade regulatory powers for financial benefits. He violated recruitment protocols, accepted luxury gifts, and misused public funds. Authorities confiscated his illegal earnings and transferred the case for prosecution.
POL’s $0.4250 support remains critical for stability amid reduced trading volume. SAND faces $0.3350 as key support, with declining volume signaling lower momentum. AAVE consolidates near $161.00 support, eyeing a potential breakout past $165.00.
Bitwise has registered a statutory trust for a proposed Solana ETF. Under the Trump administration, SOL ETFs are expected to be approved. Bitwise might soon join VanEck and Canary Capital in the spot SOL ETF race.
Simplified crypto rules align with securities law, supporting clarity and fostering innovation. Decentralization metrics in token regulation create vagueness, risking legal inconsistency. FIT21 revisions can enhance enforcement by removing decentralization as a defining criterion.
Altcoin Season Index at 35 confirms Bitcoin’s continued dominance in the crypto market. Gradual index rise hints at growing altcoin interest, yet Bitcoin still leads the market. Ethereum growth and blockchain advances may signal a potential shift toward altcoin focus.
XRP breaks out of a triangle pattern, signaling a bullish move. Analysts predict $1.5 in the near term, with ATH potential. Legal experts predict an imminent settlement in the SEC lawsuit, fueled by Gensler’s exit rumors.
Judge Lewis Kaplan ruled no prison time for FTX co-founder Gary Wang, citing his cooperation in the case. The judge sentenced him to time served, three years of supervised release, and ordered the forfeiture of $11 billion. Attorney Nicolas Roos states Wang’s immediate decryption of FTX’s code had significantly helped in the investigation’s progress
TON has a market cap of $13.55 billion while SHIB has a market cap of $13.97 billion. A drop below $5 will invalidate TON’s bullish pennant pattern. TON has a long term target of $10 and a short term target of $6.10.
