Eight Korean Banks Join to Establish Won-Backed Stablecoin
Eight major South Korean banks form a consortium to launch won-backed stablecoins, supported by regulatory bodies and marking private sector’s serious crypto engagement.
New bill targets Trump’s crypto empire – Will COIN Act put a ‘stop to this corruption?’
Senator Schiff introduces the COIN Act to restrict Trump and officials from crypto activities, citing corruption concerns over Trump’s $1 billion crypto ventures and conflict of interest issues.
Binance co-founder Yi He dismisses rumors of CZ receiving pardon from President Trump: Report
Binance co-founder Yi He denied rumors that CZ received a presidential pardon from Trump. BNB briefly rose on the false news but stabilized. CZ’s team had applied for a pardon in April.
Top Regulators Forge US-UK Alliance to Oversee Digital Assets – Regulation Bitcoin News
US and UK regulators are strengthening collaboration to oversee digital assets, stablecoins, and AI in finance, aiming to enhance global financial stability and market innovation.
Stablecoins Rise, Cards Fall: Experts See Big Tech Gaining In South Korea
South Korea’s proposed Digital Asset Innovation Act may reshape payments, favoring stablecoins over cards. Big tech firms like Naver and Kakao could benefit, while banks and card issuers face challenges.
Senate Banking Committee Sets Out Plan For Crypto Market Rules – Decrypt
Senate Republicans propose crypto market regulations focusing on innovation, consumer protection, and regulatory clarity. Democrats aim to restrict presidential crypto investments amid legislative progress on digital asset oversight.
Korean Central Bank Advocates Measured Stablecoin Approach – Regulation Bitcoin News
South Korea’s central bank recommends a gradual rollout of won-denominated stablecoins, with regulated commercial banks leading initial issuance to maintain monetary policy stability.
Coinbase claims ‘key role’ in Secret Service’s biggest-ever crypto seizure
Coinbase assisted the US Secret Service in seizing $225 million in crypto from pig butchering scams, identifying 130 victims and tracing funds to illicit wallets and Southeast Asia scam compounds.
US FHFA to Study Use of Crypto Holdings in Mortgage Qualification Criteria
The FHFA is studying whether crypto assets like Bitcoin can be included in mortgage qualification criteria, potentially transforming lending practices and increasing accessibility to crypto-backed loans.
Trump Media: $400M buyback won’t derail $2.3B Bitcoin Treasury plan
Trump Media approves a $400M stock buyback and commits $2.5B to Bitcoin acquisitions, despite political scrutiny and financial struggles, while pushing for crypto ETFs and a national Bitcoin reserve.
