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The amendment to the "Enforcement Decree of the Special Act on Fostering Venture Businesses," passed by South Korea's Ministry of SMEs and Startups and the Cabinet on September 9, removes "blockchain/virtual asset (cryptocurrency) trading and brokerage" from the list of "restricted/prohibited investment" industries. The amendment will officially take effect on September 16.
In Brief HBAR's surge is projected with ETF listings on the DTCC platform. The token has breached key resistance levels, suggesting a bullish trend. Institutional interest in HBAR signals strong growth potential.
In Brief Altcoin interest grows due to potential Federal Reserve interest rate cuts. Bitcoin experiences reduced dominance, spotlighting altcoins' stronger appeal. Prospective regulatory approval may enhance ETF market presence, aiding altcoin adoption.
- 03:16Market News: Yala stablecoin YU experiences depeggingAccording to ChainCatcher, market sources report that the Yala stablecoin YU experienced a temporary depegging. DEX Screener data shows that its price dropped to as low as $0.2074, but has since rebounded to $0.8295.
- 03:02Bagwork surged to 0.035 USDT, with a 12-hour increase of 1066%According to ChainCatcher, GMGN market data shows that Bagwork surged to 0.035 USDT, with a 12-hour increase of 1066%, and is now quoted at 0.032 USDT. ChainCatcher reminds users that Meme coin prices are highly volatile, and investors should participate with caution.
- 01:59A certain whale has taken a 5x leveraged long position on PUMP and is currently sitting on an unrealized profit of $7.8 million.According to Jinse Finance, OnchainLens monitoring shows that as PUMP reaches a new high, a whale holding a 5x leveraged long position in PUMP is now enjoying an unrealized profit of $7.8 million. This trader also holds multiple long positions in BTC, FARTCOIN, SOL, PEPE, and others, with total profits exceeding $36 million.