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⚡️ While partnership news continues to come in the cryptocurrency market, the latest news came for the altcoin Avalanche ($AVAX ), which is closely followed by Turks. Accordingly, South Korean fintech foreign exchange platform Travel Wallet signed a cooperation agreement with Avalanche. Travel Wallet has signed a memorandum of understanding (MOU) with layer-1 blockchain platform Avalanche to develop a Korean won-based stablecoin, local news agency Naver reported. As part of the partnership, Travel Wallet plans to issue a stablecoin pegged 1:1 to the Korean won and use smart contracts to design a programmable stablecoin. As part of the collaboration, Travel Wallet and Avalanche plan to build a stablecoin-based next-generation financial payment infrastructure that can be applied in all areas for both consumers and businesses. This infrastructure can be used in areas such as integrated online and offline payments, B2B settlements for corporate customers, and financial automation solutions at home and abroad. Travel Wallet CEO Kim Hyung-woo said: “This project is an attempt to reimagine the way finance works with technology, beyond digital payments. It has great potential to expand into a global payments infrastructure and domestically in the future.“Based on technological reliability and regulatory compliance, we will build a stable stablecoin ecosystem that can be used both domestically and internationally.” As is known, the new president of South Korea, Lee Jae-myung, promised during his election campaign that the issuance, stock exchange listing and trading of spot ETFs based on crypto assets such as Bitcoin would be allowed. At this point, South Korean authorities will work to fulfill newly elected President Lee Jae-myung’s cryptocurrency promises. The Financial Services Commission (FSC) aims to prepare a plan for spot ETF promotion in the second half of the year and complete the regulatory system related to stablecoins in the same period. #AVAX #Avalanche
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✈️ Donald Trump is considering the issue of deporting Elon Musk from the USA. 🔴 He also hints that the DOGE department should investigate Elon Musk's companies. Tesla stocks are down by -5%. #DonaldTrump #ElonMusk
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📊 TOP-10 crypto projects in the fields of AI and Big Data by developer activity: 1. Internet Computer #ICP 2. NEAR Protocol #NEAR 3. Filecoin FIL 4. Injective #INJ 5. The Graph GRT 6. Oasis Network ROSE 7. iExec RLC RLC 8. Livepeer LPT 9. Bittensor TAO 10. Flux FLUX #Crypto #AI
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🤔 What awaits $XRP on July 3 After years of legal disputes, Ripple's recent decision to officially withdraw its counter-appeal has drawn widespread attention to July 3—the deadline for the SEC to announce whether it will pursue its own appeal or close the case. In the meantime, the XRP community remains on edge, with well-known voices like Captain Redbeard highlighting the sense of anticipation on social media. #XRP #Ripple
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⭐️ Aptos Labs CEO and co-founder Avery Ching joins CFTC Digital Asset Markets Subcommittee Avery Ching, CEO and co-founder of Layer 1 blockchain developer Aptos Labs, has joined the Commodity Futures Trading Commission subcommittee focused on digital asset markets. Ching joins other crypto-native industry executives as well as traditional finance leaders on the CFTC Global Markets Advisory Committee (GMAC) Digital Asset Markets Subcommittee, such as Polygon Labs Head of Policy Rebecca Rettig, CoinFund President Christopher Perkins, Nasdaq Vice President Tony Sio, and Franklin Templeton Senior Vice President Sandy Kaul. Ching also onboards at a time when the CFTC's oversight over cryptocurrencies expands — and as the agency's top leadership either leaves or plans to leave, which could potentially bring in more crypto-friendly commissioners, The Block reports. The GMAC assists the CFTC in maintaining the global competitiveness of United States markets and companies. It has three subcommittees focusing on global markets structure, digital asset markets, and technical issues. The CFTC GMAC Digital Asset Markets Subcommittee supports effective digital asset regulation and bolsters collaboration between industry participants and regulators, according to a CFTC release. "Avery will collaborate with other leaders from web3 and financial services to help shape digital asset regulations" as a new member of the CFTC's GMAC Digital Asset Markets Subcommittee, Aptos Labs wrote on the social media platform X. In March 2024, the CFTC GMAC Digital Asset Markets Subcommittee defined and standardized terminology for central bank digital currencies, stablecoins, and other digital assets for better regulatory clarity and consistent language. Aptos Labs develops the Layer 1 blockchain Aptos, which focuses on building a scalable, user-friendly basis for decentralized applications and smart contracts. The network's native token APT traded at $4.79 as of writing, bringing in nearly $200 million in trading volume in the past 24 hours. #APT #Aptos
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