Coinedition

Paju City in South Korea will sell cryptocurrencies seized from local tax defaulters. The seized assets, valued at around ₩50 million ($37,000), will be liquidated if taxes remain unpaid by the end of November. This marks the first time a South Korean local government has directly liquidated cryptocurrency holdings for tax enforcement.

Cardano and Ripple hint at proposed collaboration. The collaboration will integrate DeFi components on XRP. Analysts expect the Cardano-Ripple partnership to boost cryptocurrencies’ value.

Woo X introduces George AI, an AI-powered lead trader, to its copy trade application. The exchange has entered into a strategic partnership with Kaito, the AI search platform for Web3. The project helps users mirror a machine learning-powered crypto sentiment tool.

Ripple and Mercy Corps Ventures have expanded their partnership. The two companies will work towards the adoption of RLUSD stablecoin. Ripple has pledged a substantial $5.5 million to support MCV.

Coinbase launches cbBTC on Solana, allocating $10M to protocols and $500K for liquidity reserves. Coinbase delists wBTC citing listing standards amid scrutiny over BitGo’s ties to Justin Sun’s BiT Global. Transparency issues and lack of proof-of-reserves fuel debate over Bitcoin-wrapped tokens cbBTC and wBTC.

SUI’s price fluctuates between $3.65 and $3.85, offering short-term trading opportunities. Key support at $3.70 and resistance at $3.80 will determine SUI’s next move. The November 2024 price forecast predicts SUI could range between $3.77 and $5.12.