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JPYC Introduces Japan's First Stablecoin, Underpinned by Bank Deposits and Government Bonds, on Ethereum and Polygon Networks
Whales Pull $188M from Binance Amidst Skyrocketing Holder Accumulation Ratio, Indicating High Investor Confidence in Chainlink
Following the 33rd Quarterly Token Burn, BNB Reclaims 4th Spot and Eyes $1,500 Price Point
Bitcoin and Ethereum Lead 2% Rally as Macroeconomic Tensions Subside
Shortlist Features Two Incumbent Fed Governors, a Former Board Member, and Two External Executives for Powell's Successor
BitMine Immersion Technologies' Ambitious Pursuit of 5% ETH Acquisition Goal Bolstered by $14.2 Billion in Crypto and Cash Holdings
The Bitcoin community is facing internal division over the purpose of the blockchain, with the core controversy centered on whether to modify the code to accommodate more non-financial transaction data. The Core camp supports relaxing restrictions to expand use cases and increase miner revenue, while the Knots camp opposes this and has launched its own client software. Summary generated by Mars AI. This summary is generated by the Mars AI model, and the accuracy and completeness of its content are still in the process of iterative updates.
- 02:10South Korean National Assembly proposes bill for the first time to include stablecoins under Foreign Exchange Transactions Act supervisionJinse Finance reported, citing Yonhap News Agency, that Park Sung-hoon, a member of South Korea's People Power Party, will propose a bill to amend the Foreign Exchange Transactions Act to include stablecoins within the legally defined scope of payment methods. The bill aims to revise Article 3, Paragraph 1, "Definitions," to list stablecoins alongside government-issued paper money, banknotes, and coins as payment methods. Representative Park stated that although the potential of stablecoins pegged to fiat currency as a new payment method is recognized, due to their nature being different from existing fiat currencies, they are not identified as payment methods under the Foreign Exchange Transactions Act, resulting in a regulatory blind spot. This could lead to illegal foreign exchange transactions and tax evasion through stablecoins. The Bank of Korea has previously expressed similar concerns, noting that US dollar stablecoins could be used for cross-border current account and capital transactions without following the reporting procedures stipulated by the Foreign Exchange Transactions Act, and warning that the spread of stablecoins may make it easier to conduct illegal transactions that evade foreign exchange regulations. South Korea's Ministry of Economy and Finance expressed agreement with the bill, stating that it is working with the Financial Services Commission, the central bank, and other relevant institutions to discuss specific regulatory measures.
- 02:02Four.Meme official X account has been suspended.According to Jinse Finance, the official X account of the token launch platform Four.Meme on a certain exchange has been frozen, as shown on X.
- 01:55Lighter responds to "HYPE abnormal order book data": caused by a runaway bot, no liquidations occurred, and no on-chain data was modified.BlockBeats News, October 28, regarding the abnormal price fluctuations in the HYPE market early this morning, Lighter stated on the X platform: "A runaway bot flooded the HYPE order book with large orders, but aside from this, there were no forced liquidations or other negative impacts. This trade was executed at an extremely high price with very low volume, resulting in a long upper shadow that caused issues with chart scaling. Therefore, this data has been removed from the frontend interface. It is important to emphasize that on-chain data has not been modified and cannot be modified; users can view it on the block explorer. Since we operate the main frontend interface, we present the chart in the way that is most helpful to traders; however, other frontends built on Lighter can choose different display methods as they see fit."