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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

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  • 02:32
    South Korean Crypto Firm Executive Stabbed in Court Over Fraud Allegations, Sentenced to 5 Years on Appeal
    According to ChainCatcher, citing Yonhap News Agency, a man in his 50s has been sentenced to five years in prison on appeal for stabbing a cryptocurrency company executive in court. The executive was on trial for allegedly defrauding 1.4 trillion won in crypto assets. The attacker claimed that his actions were justified due to the financial losses caused by the victim. However, the court held that such acts of private retribution cannot be justified, even during a public trial.
  • 02:32
    The Pudgy Penguins NFT Fair Launch Price Was Only About $63 Four Years Ago, Now a Single NFT Has Delivered a 94,780% Return on Investment
    On July 23, it was reported that four years ago today, the Pudgy Penguins NFT series was fairly launched at a price of 0.03 ETH. At that time, ETH was priced at around $2,100, making the cost of a single "Pudgy Penguin" NFT just $63. As of press time, without factoring in the gains from LilPudgys and the PENGU token airdrop, the floor price of a single "Pudgy Penguin" NFT now stands at 15.97 ETH, approximately $59,700, representing a 94,780% increase from the initial investment.
  • 02:17
    South Korean regulators order halt to ETFs increasing holdings in crypto company stocks such as those of a certain exchange
    According to ChainCatcher, The Korea Herald reports that the Financial Supervisory Service of South Korea has recently issued verbal guidance to domestic asset management companies, instructing them not to increase their holdings of stocks from certain exchanges, strategy firms, and other crypto-related companies within ETFs. The regulator reiterated that the "Emergency Measures on Virtual Currencies" enacted in 2017 remain in effect, and this administrative guidance explicitly prohibits formal financial institutions from holding or purchasing virtual assets, acquiring related collateral, or making equity investments. Data shows that several ETFs listed in South Korea currently have more than 10% of their holdings in virtual asset-related targets. Among them, the "ACE U.S. Stock Bestseller ETF" managed by Korea Investment Trust holds a 14.59% stake in a certain exchange. The Financial Supervisory Service's latest guidance aims to control the risk exposure of traditional financial products to virtual assets.
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