Author: John Smith

Key Takeaways Any issuer of stablecoins must secure regulatory approval and maintain a minimum of 500 million Korean won (approximately $368,000) in proprietary capital. The stablecoin issuers will also be required to guarantee refunds through reserves and secure regulatory approval from the Financial Services Commission South Korean lawmaker Min Byeong-deok, a member of the ruling Democratic Party, has introduced a new legislative proposal aimed at tightening crypto oversight. The proposed bill, titled the “Digital Asset Basic Act,” was unveiled during a press conference held Tuesday and is positioned as a cornerstone in the nation’s effort to build a robust and…

TRON has kicked off a critical vote to halve block and voting rewards, which would significantly raise TRX’s annual deflation rate from 0.85% to 1.29% The TRON (TRX) network has officially commenced voting on Proposal No. 102, which seeks to cut the block reward from 16 TRX to 8 TRX and reduce the voting reward from 160 TRX to 128 TRX. Launched by TRON’s community super representatives today, June 10 at 11:07 AM Singapore time, the voting window will remain open until June 13 at 2:00 PM. If passed, the proposal would raise TRX’s annual deflation rate from 0.85% to…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As the AI arms race continues to heat up from the Big Tech companies on down, and AI is fused into just about every industry there is, the inevitable panic is also beginning to set in: when AI “replaces” us—whether we be doctors, engineers, lawyers, teachers, financial analysts or writers—just how in the hell are we going to be able to make any money?  Take a deep breath. Don’t panic. If you look just a little closer,…

Societe Generale-FORGE plans to launch its new stablecoin, the USD CoinVertible, on both Ethereum and Solana blockchains. Trading for USDCV is scheduled to start in early July 2025. According to a recent press release, SG-FORGE, the integrated subsidiary of Societe Generale Group dedicated to crypto, is preparing to issue its upcoming USD-backed stablecoin on Ethereum (ETH) and Solana (SOL). Trading for the stablecoin is projected to start sometime in early July 2025. The USD CoinVertible will be the second stablecoin issued by SG-FORGE. Its release comes a few months after the firm deployed its first euro-backed stablecoin on Stellar (XLM),…

First Force is set to launch a new Telegram token collection inspired by the TAC community on June 17, marking one of the largest drops on the TON ecosystem. According to a press release sent to crypto.news, the First Force token collection consists of 10,000 unique Soulbound Tokens or SBTs inspired by the TAC community. TAC is a blockchain designed for EVM dApps to access the TON (TON) and Telegram ecosystem user base. Each NFT is valued at 30 TON each or approximately $100 according to current market prices. At press time, TON has gone up by more than 4%…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As XRP gains traction amid market volatility, a growing number of users are turning to AI-powered cloud mining platforms like SAVVY MINING to earn passive daily income. According to CoinGecko, XRP is currently trading at $2.18, up 3% in the past 24 hours. According to Whale Alert, 50 million XRP tokens (worth $108 million at the time of the transfer) were also transferred from one unknown wallet to another earlier this Friday. Of these, long positions were $11 million…

A new joint report from Bitget, SlowMist, and Elliptic highlights the rapid rise of AI-powered crypto crime. Crypto crime is evolving, increasingly targeting human psychology as an attack vector. According to the report, published on Tuesday, June 10, social engineering scams are becoming more common, and many now leverage AI to increase their success rate. “In 2024, nearly 40% of high-value frauds involved deepfake technology. And behind most scams—whether Trojan job offers or Ponzi-like “staking platforms”—is some form of social engineering designed to exploit trust, fear, or greed,” Bitget report. For example, scammers have used AI-generated videos of high-profile figures,…

Plasma, a startup focused on stablecoins, raised an impressive $500 million in its latest public token offering, far surpassing its initial target. On June 9, Plasma announced on X that its public token sale for XPL sold out in just 40 minutes. The team initially planned to raise $50 million but had to revise it twice, first to $250 million, then to $500 million, after overwhelming interest from buyers. In total, more than 1,100 wallets participated in the token sale, with a median deposit of approximately $35,000 per wallet. The XPL token sale accounted for 10% of Plasma’s total token…

ProShares and Bitwise have filed for exchange-traded funds tied to shares of Circle Internet Group, just days after the company’s high-profile IPO. The ProShares Ultra CRCL aims to deliver twice the daily performance of Circle’s stock using leverage. Meanwhile, the Bitwise CRCL Option Income Strategy ETF will follow a covered call strategy, generating income by selling call options on CRCL stock while seeking to limit downside risk. Both filings have an effective date of Aug. 20 this year. These filings come just days after Circle’s high-profile IPO, reflecting early institutional confidence in the issuer of the world’s second-largest stablecoin by…

Ripple Labs will invest $5 million to strengthen blockchain education and research across the Asia-Pacific region. According to a June 10 announcement on the company’s blog, Ripple is expanding its University Blockchain Research Initiative in Asia-Pacific with a new $5 million investment. The fund will support academic research and student-led innovation in six countries. This marks Ripple’s latest move to grow its influence in a region known for progressive fintech regulation and rapid digital asset adoption. Through UBRI, Ripple is deepening ties with top institutions in South Korea, Japan, and Singapore, while forging new partnerships in Taiwan and Australia. The…