The Block
Now both the ruling and opposition political parties of South Korea are looking to allow spot bitcoin ETFs, according to local reports.
Quick Take The total value locked in liquid restaking tokens now exceeds $3.5 billion. Protocols like Etherfi, Renzo, Kelp, Puffer and Bedrock have seen a significant rise in deposits.
Quick Take Tyr Capital was accused of mismanagement by an investor and searched by Swiss prosecutors, the Financial Times reported.
Quick Take The UK’s planned legislation on stablecoins and crypto asset staking follows last year’s proposals set to impose stricter rules on local crypto firms.
AI tokens have increased over the past 24 hours, following OpenAI’s unveiling of its Sora text-to-video generator.Major AI-related tokens associated with Worldcoin and SingularityNET have posted double-digit gains in the past 24 hours.
Digital-asset investment products witnessed record inflows last week, adding nearly $2.5 billion globally.Assets under management at the funds are now back to December 2021 levels.
Increased inflows into bitcoin ETFs could, in the long term, pose a threat to gold’s position as a primary store-of-value, according to an analyst.The price of bitcoin has increased by almost 10% in the past week, according to The Block’s Price Page.
Quick Take The Scroll GitHub repository received more than 1,000 comments over the weekend, largely by optimistic airdrop farmers. This is likely a result of recent airdrops like Celestia and Starknet that have rewarded code contributors.
Open interest for Bitcoin futures on centralized exchanges reached a new yearly high after the recent price rally.Aggregated open interest for Bitcoin futures stands at $22.9 billion, its highest level since Nov. 2021.
The People Power Party may pledge to eliminate the ban on spot bitcoin ETFs, institutional investment in crypto and initial exchange offerings, local media reported.Crypto-related election promises reflect the ruling party’s desire for votes from younger citizens, according to a local news report.
