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…

U.S. stocks fell sharply Friday as escalating military conflict between Israel and Iran sent oil prices soaring and investors retreating from risk assets.  The Dow Jones Industrial Average closed down 1.79%, while the S&P 500 closed down 1.13% and the Nasdaq lost 1.30%.  Israel launched strikes on Iran’s nuclear and missile facilities late Thursday evening, prompting retaliatory missile launches from Iran during the final hours of Friday’s U.S. trading session. Oil and defense stocks climbed. Brent crude jumped more than 7%, briefly surging 14% during Asia trading hours, while WTI crude approached $74 a barrel.  ExxonMobil rose around 2%, and…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP 2x leveraged ETF debuts on NYSE Arca, Bow Miner attracts global investors with the potential of up to $ 35k per day in passive crypto mining income. As the cryptocurrency market ushered in a major breakthrough, the first 2x leveraged XRP ETF in the United States was listed on the NYSE Arca in April 2025, and short-term investors ushered in high-volatility income opportunities.  At the same time, Bow Miner cloud mining platform is becoming the first choice of…

AVAX dropped almost 14% after Israel’s strike on Iran, more than most crypto assets, as bearish technicals prevailed. Altcoins have taken a beating after Israel’s attack on Iran stoked fears of a broader Middle Eastern conflict. On Friday, June 13, Avalanche (AVAX) dropped more than 14%, to a daily low of $18.53. The token later stabilized at around $19, but still posted a daily decline of 9.75%. Avalanche was just one of the altcoins that dropped as risk-off sentiment prevailed in the markets. Rising oil prices, which are fuelling inflation fears, are making traders flee to safe-haven assets. However, Avalanche’s…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Little Pepe presale offers 40x potential as a Layer 2 memecoin built for explosive growth. Looking to turn $450 into $18,000? Consider exploring other coins such as Little Pepe (LILPEPE). ADA and TRX are solid coins, but they don’t have as much room to grow as Little Pepe, a memecoin that is now on presale for less than $1. Little Pepe is a breakthrough Layer 2 blockchain explicitly designed for meme projects, ready to potentially 40x an investment and…

Coinbase is raising red flags about the financial health of publicly traded crypto vehicles, cautioning that debt-related obligations could soon force some firms to liquidate their crypto holdings.  In a report from Coinbase, the firm emphasized concerns around refinancing risks and loan-to-value ratios, but said most large firms still have options to avoid liquidation. “The risk of forced selling pressure arises because many of these PTCVs have issued convertible bonds to raise cheap money to buy various crypto assets,” the report read. The report continued to say that if crypto prices fall and companies can’t refinance their debts, they may…

Solana whales shuffle over $323 million in SOL between unknown wallets — a stealth bull case beneath surface retail panic as spot price tumbles on Israel’s airstrikes against Iran. Solana’s (SOL) price witnessed a sharp decline on Friday, June 13, as news of Israeli airstrikes on Iranian military assets spooked markets across the board. The token plunged over 10%, falling from a daily high of $160 to as low as $140, before paring some losses to trade at $147 as of press time. According to Glassnode data, the market bloodbath triggered over $18 million in SOL liquidations. Yet, whale addresses…

With just $31 million in stablecoins against $356 million in total value locked, Cardano’s founder has proposed unprecedented treasury diversification into Bitcoin and native dollar-pegged assets to boost the network’s decentralized finance and stablecoin ecosystem. On June 12, Cardano co-founder Charles Hoskinson proposed the idea in a YouTube video of swapping $100 million worth of Cardano (ADA) tokens for Bitcoin (BTC) and native stablecoins USDM and USDA to strengthen the ecosystem. Hoskinson framed the treasury overhaul as a strategic bet on Cardano’s future as a multi-asset financial ecosystem. Drawing inspiration from sovereign wealth funds in Norway and Abu Dhabi, he…

India’s Income Tax Department has launched a fresh crackdown on potential tax evasion and money laundering tied to virtual digital assets, including cryptocurrencies.  According to government officials and local reporting, the department has identified individuals and entities engaging in crypto transactions who failed to comply with the Income Tax Act, 1961. The Central Board of Direct Taxes recently sent emails to thousands of individuals, urging them to review and update their income tax returns if crypto income was misreported or omitted. The initiative is part of CBDT’s broader NUDGE campaign, aimed at encouraging voluntary compliance. This marks the third NUDGE…

U.S. stocks are down as the deadly Israeli strike against Iran ignites fears of a regional war in the Middle East. Major U.S. stock indices fell Friday, June 13, as fears of a regional war fueled risk-off sentiment. The Dow Jones Industrial Average dropped 525.80 points, or 1.22%, with nearly all major stocks trading in the red. The S&P 500 slipped 0.54%, while the tech-heavy Nasdaq was down 100 points, or 0.53%. Dow Jones Industrial Average heatmap | Source: TipRanks Markets are rattled by the potential economic fallout of escalating tensions between Israel and Iran. Israel carried out a series…