#SouthKoreaCryptoPolicy Lee Jae-myung has officially been elected as the President of South Korea with a major pro-crypto agenda.
His victory is predicted to be a turning point for digital asset policy in East Asia, especially regarding regulation, institutional investment, and the development of won-based stablecoins.
The Promise of Crypto Directly Targeting National Policy As part of his economic campaign, Lee promised full support for crypto assets, including the launch of a crypto spot ETF and the development of a stablecoin ecosystem backed by the national currency (KRW).
This signals strongly that the South Korean government will actively engage in modernizing the digital financial system.
Lee emphasized that the presence of ETFs and official stablecoins will provide a clear legal framework, encourage domestic investment, and curb capital outflows to foreign platforms. $BTC $USDC #NewsAboutCrypto #news_update
#TrumpVsMusk An open dispute between the President of the United States Donald Trump and Tesla CEO Elon Musk has recently shaken the global financial world. The impact is felt not only in the stock market but also in the world of cryptocurrency.
The price of $BTC dropped drastically to hit $100,783, although it later rose again above $102,700. As a result, within 24 hours, more than $324 million of long-term investment in $BTC was lost due to liquidation.
Although the market reaction seems dramatic, some analysts assure that this dispute will not bring significant long-term impact on crypto. However, this tension remains a reflection of how sensitive the market is to political dynamics, especially when involving major figures like Trump and Musk.
#CircleIPO The company behind the stable coin $USDC Circle Internet Group, Inc., has successfully held an initial public offering (IPO), setting its IPO price at $31 per share above the previous marketing range of $21 to $28. They sold 34 million shares and raised USD 1.05 billion. This achievement exceeded expectations and reflects the growing market acceptance of companies operating in the digital asset sector. Analysts also suggest that this listing could enhance confidence in stablecoins and other crypto companies going public.
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