#加密市场回调 Hahaha 😅, a day played by the dog house and controlled by capital

Let's take a look at international affairs 😅

🚨 South Korea suspends cryptocurrency lending services

The Financial Services Commission (FSC) of South Korea has requested all local exchanges to immediately suspend cryptocurrency lending services until a regulatory framework is established. Platforms like Upbit and Bithumb have received notifications allowing the extension of existing contracts but prohibiting new ones. This move aims to prevent users from the risk of forced liquidation due to price fluctuations, which may weaken the market's leverage liquidity.

🚨 Illinois strengthens regulation

Signed the Digital Assets and Consumer Protection Act and the Digital Asset Self-Service Terminal Act, requiring exchanges to accept state regulation, implement anti-fraud measures, and impose a daily user limit of $2,500 and an 18% fee cap on ATM operators. The governor criticized federal regulatory laxity, noting that cryptocurrency fraud losses in the state reached $272 million in 2024.

🚨 SEC postpones approval of various cryptocurrency ETFs

Once again postpones the approval of Truth Social Bitcoin/Ethereum ETF, CoinShares Litecoin/XRP ETF, and 21Shares XRP/Ethereum Staking ETF, with the latest deadline set for October 8. The SEC stated that more time is needed to evaluate rule changes, delaying the entry of incremental institutional funds.

Having experienced two rounds of bull and bear markets, I have professional strategies for breaking even and focus on mid to long-term waves. I've just switched to Binance, please pay more attention.