Solana achieved a record high in futures trading volume on June 24, 2025. This rise reflects growing institutional interest and potential market impact for Solana. Continue Reading: Solana Futures Set New Records as Institutional Interest Surges The post Solana Futures Set New Records as Institutional Interest Surges appeared first on COINTURK NEWS .
At BTC Prague 2025, Strategy Executive Chair Michael Saylor told a large crowd of bitcoin supporters he expects the leading cryptocurrency to climb to $21 million per coin within 21 years, growing roughly 21% annually as adoption spreads from Capitol Hill to Wall Street. Strategy Founder Calls Bitcoin the Best Asset of the Century Saylor
In a landmark decision that could reshape the future of artificial intelligence and copyright law, a US federal judge ruled that Anthropic did not break the law by using copyrighted books to train its systems. But Anthropic – the AI firm behind the Claude chatbot- is, however, not completely off the hook; it could still face stiff penalties for how it handled those books. But Anthropic also overstepped legal boundaries The ruling came late Monday from US District Judge William Alsup in San Francisco, who found that Anthropic’s training of its AI model using the works of authors Andrea Bartz, Charles Graeber, and Kirk Wallace Johnson qualifies as fair use. This doctrine, which allows limited use of copyrighted content without permission, played a central role in Alsup’s ruling, one of the first to tackle fair use in the era of generative AI. “Like any reader aspiring to be a writer, Anthropic’s (AI large language models) trained upon works not to race ahead and replicate or supplant them — but to turn a hard corner and create something different,” Alsup wrote. While Alsup sided with Anthropic regarding its use of the books for AI training, he was clear that the company overstepped legal boundaries when it stored more than 7 million pirated titles in what he called a “central library.” That, the judge said, did not fall under fair use. A trial has been scheduled for December to determine what damages, if any, Anthropic will owe the authors. Under US copyright law, damages for willful infringement can reach as high as $150,000 per work. Anthropic has yet to publicly comment on the ruling, but the outcome splits the case into two: the training part is protected, and the storing is not. Could the Anthropic case signal a win for the AI industry? The case is part of a wider wave of lawsuits from authors and media outlets targeting companies like OpenAI, Meta, and Microsoft over how they’re building their AI systems. The question at the core: should these companies be allowed to use copyrighted material, often without consent, to develop tools that, in some ways, compete with the original creators? Alsup’s ruling gives a boost to AI developers, many of whom argue that their models are producing new, transformative content and shouldn’t be forced to pay every copyright holder whose work was used along the way. “Like any reader hoping to become a writer, Anthropic’s models were trained on these books not to copy them, but to create something entirely new.” Alsup. Anthropic had told the court that copying the books was essential for studying writing styles and extracting uncopyrightable elements, like structure and tone, to help its AI create novel content. The company argued this kind of learning actually furthers human creativity, something copyright law is supposed to encourage. But Alsup also criticised Anthropic for collecting pirated digital copies of the books. While the company had insisted the source of the material didn’t matter, Alsup disagreed strongly. In his ruling, he said: “This order doubts that any accused infringer could ever meet its burden of explaining why downloading source copies from pirate sites that it could have purchased or otherwise accessed lawfully was itself reasonably necessary to any subsequent fair use.” Essentially, while the end use might be protected, how Anthropic got its hands on the material was not. That distinction could shape how AI companies gather training data in the future, and potentially encourage more ethical, or at least legal, data sourcing. With more copyright lawsuits lined up against AI firms, this decision could set a key precedent. The December trial will now decide whether Anthropic’s approach to storing content merits financial penalties, and if so, how steep they should be. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
BitcoinWorld Hippo Protocol Unleashes Revolutionary Mainnet Upgrade for Decentralized Healthcare The world of healthcare, traditionally slow to adopt technological shifts, is on the cusp of a profound transformation, powered by the decentralized potential of blockchain. Imagine a future where your medical records are not siloed in disparate systems but securely accessible, where cross-border medical payments are seamless, and where data privacy is paramount. This vision is rapidly becoming a reality, spearheaded by innovators like Hippo Protocol , which recently unveiled a monumental mainnet upgrade set to redefine the landscape of decentralized healthcare . What is Hippo Protocol , and Why is its Mainnet Upgrade So Crucial for Decentralized Healthcare ? At its core, Hippo Protocol is more than just a blockchain project; it’s a bold endeavor to create a robust, decentralized infrastructure for the global healthcare economy. For too long, medical data has been fragmented, leading to inefficiencies, security vulnerabilities, and significant barriers to effective patient care and research. Traditional systems are often centralized, costly, and lack the interoperability needed for a truly connected health ecosystem. Hippo Protocol aims to dismantle these barriers by leveraging blockchain technology to empower individuals with control over their health data while enabling secure, transparent, and efficient transactions. The project’s foundational belief is that by decentralizing healthcare data, we can unlock unprecedented opportunities for innovation, reduce administrative burdens, and ultimately improve health outcomes worldwide. This mainnet upgrade is a pivotal step towards realizing that ambitious goal, establishing Hippo Protocol as a foundational layer for future healthcare applications. The Revolutionary Mainnet Upgrade: How Cosmos IBC and Stablecoin Infrastructure are Reshaping Healthcare Hippo Protocol’s recent announcement on X (formerly Twitter) detailed a major mainnet upgrade designed to fortify its network as core infrastructure. This isn’t just an incremental update; it’s a strategic move to integrate critical functionalities that are essential for a scalable and user-friendly decentralized healthcare system. The upgrade focuses on three key pillars: Inter-Blockchain Communication (IBC) Integration: The introduction of IBC is a game-changer. As a native component of the Cosmos ecosystem, IBC enables seamless communication and data transfer between independent blockchains. For Hippo Protocol, this means its network will no longer operate in isolation. It can now securely interact and exchange value with other Cosmos chains, fostering a truly interconnected medical data ecosystem. This interoperability is crucial for sharing anonymized health data for research, integrating with specialized healthcare dApps, and ensuring that the network can grow and adapt alongside the broader blockchain landscape. Dramatic Reduction in Gas Fees: High transaction costs have historically been a significant hurdle for widespread blockchain adoption, especially for micro-transactions common in healthcare. The mainnet upgrade addresses this head-on by significantly reducing gas fees. This cost-efficiency is vital for supporting low-cost medical data transactions, such as recording routine check-ups, prescription refills, or even tracking personal health metrics. Lower fees make the network accessible and practical for everyday use by patients, providers, and pharmacies, ensuring that the benefits of decentralization aren’t outweighed by prohibitive costs. Laying the Foundation for USD- and KRW-Pegged Stablecoins: Perhaps one of the most impactful aspects of this upgrade is the planned introduction of stablecoins pegged to the US Dollar (USD) and Korean Won (KRW). Volatility in cryptocurrencies has been a major barrier for real-world adoption, especially in sectors requiring price stability like healthcare. By integrating stablecoins, Hippo Protocol provides a reliable medium of exchange for medical transactions, eliminating price fluctuations and making it feasible for mainstream use. This stablecoin infrastructure is the backbone for the real-world use cases discussed next. This comprehensive upgrade positions Hippo Protocol not just as a data storage solution but as a dynamic, transactional network capable of handling the complexities of the global healthcare economy. Unleashing Real-World Impact: How Stablecoin Infrastructure Powers Medical Data Transactions The integration of USD- and KRW-pegged stablecoins within the Hippo Protocol ecosystem opens up a myriad of practical, real-world applications that were previously cumbersome or impossible. These stablecoins will serve as the primary currency for various medical transactions, bridging the gap between traditional finance and decentralized healthcare. Consider these transformative use cases: Medical Tourism Payments: Medical tourism, where patients travel internationally for medical treatment, often involves complex and expensive cross-border payment processes, currency exchange fees, and delays. With Hippo Protocol’s stablecoins, patients can seamlessly pay for treatments, consultations, and related services in a stable, digital currency, regardless of their geographical location. This streamlines the payment process, reduces transaction costs, and enhances transparency for both patients and healthcare providers. Imagine a patient from the US seeking specialized treatment in South Korea. Instead of dealing with wire transfers, fluctuating exchange rates, and bank delays, they could use USD-pegged stablecoins within the Hippo Protocol network to pay the Korean hospital, which could then convert them to KRW-pegged stablecoins or fiat as needed, all with minimal fees and near-instant settlement. Health Insurance Reimbursements: The health insurance industry is notorious for its bureaucratic hurdles, lengthy claim processing times, and lack of transparency. By leveraging stablecoins on Hippo Protocol, insurance reimbursements can be revolutionized. Smart contracts can automate the claim verification and payout process, ensuring that once predefined conditions are met (e.g., proof of service, diagnostic codes), the reimbursement is instantly disbursed to the patient or provider in stablecoins. This not only significantly reduces administrative overhead for insurance companies but also provides patients with faster access to their funds, improving trust and efficiency in the entire claims ecosystem. The immutability of blockchain records also provides an auditable trail, enhancing fraud prevention. Pharmacy Transactions: From purchasing prescription medications to over-the-counter drugs, pharmacy transactions are a daily occurrence. Integrating stablecoins into pharmacy payment systems via Hippo Protocol can simplify payments, especially for international patients or those without traditional banking access. It can also enable more transparent tracking of medication supply chains, helping to combat counterfeit drugs and ensuring authenticity. Furthermore, loyalty programs or health incentives could be easily implemented using these stablecoins, rewarding patients for healthy behaviors or medication adherence, directly on the blockchain. This robust stablecoin infrastructure is key to Hippo Protocol’s ambition to become the financial backbone of the decentralized healthcare economy, ensuring that value can flow as freely and securely as medical data itself. Navigating the Path Forward: Challenges and Opportunities for Decentralized Healthcare Adoption While the potential of Hippo Protocol ‘s upgrade is immense, the journey towards a fully decentralized healthcare ecosystem is not without its challenges. Addressing these hurdles will be crucial for widespread adoption and long-term success: Regulatory Landscape: Healthcare is one of the most heavily regulated industries globally. Navigating diverse national and international regulations, especially concerning patient data privacy (like HIPAA in the US or GDPR in Europe) and financial transactions, will require careful planning and collaboration with legal experts and policymakers. User Adoption and Education: The general public, and even many healthcare professionals, are still unfamiliar with blockchain technology. Educating users on the benefits, security, and ease of use of decentralized systems will be paramount. User-friendly interfaces and seamless integration with existing healthcare workflows will be essential. Data Security and Privacy: While blockchain offers enhanced security through cryptography and decentralization, ensuring the absolute privacy of sensitive medical data while maintaining its utility for research and treatment requires sophisticated architectural design. Balancing transparency with confidentiality is a continuous challenge. Scalability: As the network grows and more users come onboard, ensuring the network can handle a massive volume of transactions and data without compromising speed or cost-efficiency is critical. Hippo Protocol’s focus on reduced gas fees is a step in the right direction, but continuous optimization will be necessary. Interoperability Beyond Cosmos: While Cosmos IBC is a significant step, true global interoperability would ideally extend beyond the Cosmos ecosystem to other major blockchain networks, further expanding the reach and utility of the protocol. Despite these challenges, the opportunities for innovation and improvement in healthcare are too significant to ignore. Hippo Protocol’s strategic focus on foundational elements like stablecoins and interoperability positions it strongly to overcome these obstacles and lead the charge. The Broader Vision: A Seamless and Secure Medical Data Ecosystem Powered by Cosmos IBC The ultimate vision for Hippo Protocol extends far beyond just payments and data storage. By establishing itself as core infrastructure, it aims to foster an entire ecosystem where innovation can flourish. Imagine a future where: Patients have complete, immutable ownership of their medical data , granting access permissions as they see fit. Researchers can securely access anonymized, aggregated health data from diverse sources globally, accelerating breakthroughs in disease treatment and prevention. Healthcare providers can access a patient’s comprehensive medical history, regardless of where they received care, leading to more informed diagnoses and personalized treatment plans. Smart contracts automate complex healthcare processes, from appointment scheduling and insurance claims to supply chain management for pharmaceuticals. The integration of Cosmos IBC is a critical enabler of this vision, allowing specialized healthcare dApps built on different Cosmos chains to seamlessly connect and contribute to a unified, yet decentralized, healthcare network. This fosters collaboration and innovation across the entire ecosystem, creating a powerful network effect. Conclusion: Hippo Protocol’s Bold Leap Towards a Decentralized Healthcare Future The recent mainnet upgrade by Hippo Protocol marks a pivotal moment in the evolution of decentralized healthcare . By strategically integrating Inter-Blockchain Communication (IBC), dramatically reducing gas fees, and laying the groundwork for robust stablecoin infrastructure , Hippo Protocol is not just building a platform; it’s constructing the very foundation for a more equitable, efficient, and patient-centric global healthcare economy. The potential for seamless medical tourism payments, efficient insurance reimbursements, and transparent pharmacy transactions showcases the immediate and tangible benefits of this innovation. While challenges remain, Hippo Protocol’s proactive approach to interoperability and financial stability positions it as a key player in unlocking the true potential of blockchain for the health and well-being of billions. This is a significant leap forward, promising a future where your health data truly works for you. To learn more about the latest crypto market trends, explore our article on key developments shaping blockchain innovation and institutional adoption. This post Hippo Protocol Unleashes Revolutionary Mainnet Upgrade for Decentralized Healthcare first appeared on BitcoinWorld and is written by Editorial Team
MAGACOIN FINANCE has rapidly emerged as one of 2025’s most talked-about early-stage crypto projects, with a growing chorus of Uniswap traders and analysts suggesting its growth could outpace even established giants like Ethereum and Bitcoin. This optimism is driven by several factors unique to MAGACOIN FINANCE , as well as a shifting market appetite for high-upside, early-phase assets. MAGACOIN FINANCE: The Newcomer With Breakout Potential MAGACOIN FINANCE is being positioned as the standout presale of 2025, attracting both retail and institutional interest. Its appeal lies in a scarcity-driven economic model, a fully decentralized structure, and a strong community push. The project’s presale stages have consistently sold out, signaling robust demand and investor confidence. Analysts forecast that MAGACOIN FINANCE could deliver returns of 30x to 100x for early entrants, drawing comparisons to the explosive early growth of coins like SOL, XRP, and DOGE. Key features include a 170 billion supply cap (locked and immutable), no VC or insider control, and a HashEx-audited codebase, which together provide a sense of security and legitimacy. The project’s branding and meme-driven momentum have also fueled a viral community presence, with presale FOMO intensifying across social channels. This combination of structural soundness and narrative hype has led many Uniswap traders—who are always on the hunt for the next high-upside play—to accumulate MAGACOIN FINANCE ahead of its wider exchange listings Ethereum: The DeFi Powerhouse With Institutional Backing Ethereum remains the backbone of the decentralized finance (DeFi) and smart contract ecosystem. Its 2025 outlook is bullish, with forecasts suggesting ETH could surpass $5,000, driven by technological upgrades (Ethereum 2.0, Layer 2 solutions, and the Pectra upgrade) and the approval of spot Ethereum ETFs in the US. These developments have opened the door for greater institutional investment, improved scalability, and reduced transaction costs. However, Ethereum’s path is not without risks. The network faces increasing competition from newer Layer-1 blockchains and must execute a complex roadmap to retain its dominant position. While its deflationary mechanics and staking rewards add to its appeal, the complexity of its ecosystem introduces execution risk that Bitcoin largely avoids. Bitcoin: The Digital Gold Standard Bitcoin continues to serve as the crypto market’s anchor and is widely regarded as a store of value and a hedge against macroeconomic uncertainty. 2025 price predictions range widely, with the average forecast around $125,000 and bullish scenarios exceeding $180,000. Institutional adoption, especially through spot Bitcoin ETFs, is expected to drive further capital inflows and price appreciation. Why Uniswap Traders Are Betting on MAGACOIN FINANCE Uniswap traders, known for their appetite for early-stage opportunities, are increasingly drawn to MAGACOIN FINANCE for its asymmetric reward potential and strong tokenomics. Unlike Bitcoin and Ethereum, which are now seen as relatively stable, mature assets, MAGACOIN FINANCE offers the kind of high-risk, high-reward profile that can deliver outsized returns in a short period—especially for those who secure early positions. As the crypto market matures, many traders and investors are diversifying away from legacy coins to capture the next big breakout. MAGACOIN FINANCE’s rapid presale growth, community-driven hype, and scarcity mechanics have positioned it as a top contender for 2025 , with some believing it could mirror or even surpass the early trajectories of previous cycle winners. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Exclusive Access Portal: https://magacoinfinance.com/entry Continue Reading: Could MAGACOIN FINANCE’s Growth Outpace Ethereum and Bitcoin? Uniswap Traders Say Yes
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. LILPEPE, a Layer 2 memecoin, hints at Cardano-like gains, turning $300 into $450k could be more than just a dream. Table of Contents The Cardano blueprint: From pennies to millions LILPEPE: Not just a meme, a movement Stage 3 presale: 69.99% filled, and time’s running out The path to $0.32: 266x gains are on the table FOMO alert: Whales are already here Community power + $770,000 giveaway The new world order starts with a meme What if a tiny $300 investment today could blossom into over $450,000 by 2025? Sounds like a crypto fairy tale. Previously, Cardano (ADA) achieved a comparable feat, initiating at a mere $0.0024 and reaching a peak of over $3. Now, LILPEPE , a blazing-hot memecoin backed by a powerful Layer 2 blockchain, is setting the stage for what could be crypto’s next legendary run. And the best part? It’s still early. Welcome to the birth of a new digital order. Welcome to LILPEPE, the newborn EVM Layer 2 Machine built for memes, speed, and unstoppable growth. You might also like: This new token could pump 9000% like Ethereum once did The Cardano blueprint: From pennies to millions In 2017, Cardano was largely overlooked. It was just another coin with promises. But those who believed and bought ADA at fractions of a cent walked away with life-changing wealth. A $300 investment at $0.0024 would’ve multiplied to 125,000 ADA. When ADA peaked at $3.09, that was worth $386,250. Today, LILPEPE is bringing back memories. LILPEPE: Not just a meme, a movement LILPEPE is here to rewrite the playbook for memecoins. Forget coins with zero utility. LILPEPE comes fully loaded with: A Lightning-Fast Layer 2 EVM Blockchain. A zero-tax trading environment — friendly for whales and retail alike. A meme launchpad fueling explosive community growth. Anti-bot security to ensure fair access. Long-term tokenomics with massive upside potential. Little Pepe Chain is the low-cost, high-speed protocol built for the next-generation degenerate army at the intersection of meme power and scalable technology. It’s not just a coin, it’s a crypto revolution wrapped in memes. Stage 3 presale: 69.99% filled, and time’s running out Let’s talk numbers. Currently in Stage 3 of its presale, LILPEPE is priced at $0.0012, with over 1.57 billion tokens already sold. The goal? 2.25 billion. And guess what? 69.99% has already been filled in under 72 hours! Stage 3 Price: $0.0012 Next Stage Price : $0.0013 Launch Price : $0.003 Interested investors who can buy now at $0.0012 will be up 150% once the token hits the market at $0.003. That’s without even factoring in the post-launch pump. Stage 2 of the presale only lasted two days, and with momentum this strong, Stage 3 could sell out before the weekend is over. The path to $0.32: 266x gains are on the table Let’s do some quick math for the dreamers (and future millionaires): $300 at $0.0012 gets 250,000 LILPEPE tokens. If LILPEPE reaches $0.32 by the end of 2025 (a conservative estimate based on its roadmap and hype), that is now worth $80,000. But that’s not all. Early-stage analysts are forecasting a possible surge past $1 — that’s an 833x move, turning $300 into over $250,000, or even $450,000 if someone jumps in early during Stage 1 at $0.0010. Does buying DOGE in 2013 sound wild? So did buying SHIB in 2020. Yet history keeps rewarding those who get in early. FOMO alert: Whales are already here Let’s be real; deep-pocketed investors have been loading up on LILPEPE like it’s a golden ticket. The rapid filling of Stage 3 shows that FOMO is real and growing. Social chatter, wallet activity, and significant presale contributions are all spiking. The launch price of $0.003 is already baked into whale strategies, and they’re betting on LILPEPE soaring to $0.32 or beyond. So, while others wait for a dip, the smart money is moving now. Community power + $770,000 giveaway LILPEPE isn’t just a token — it’s becoming a movement. And it’s giving back to its early believers in a massive way. The team is organizing an incredible $770,000 giveaway , where 10 lucky winners will each receive $77,000 worth of LILPEPE tokens. This isn’t a drill. This is generational wealth in the making, and LILPEPE ensures its community wins alongside it. The new world order starts with a meme LILPEPE is the first of its kind: a memecoin with its Layer 2 blockchain, purpose-built for scalability, fairness, and ecosystem development. As the crypto world searches for the next ADA, the next SHIB, the next PEPE… the answer is hatching right in front of us. It’s not too late. Buy at $0.0012. Launch at $0.003. Ride it past $1. Turn $300 into $450,000. Enter the new world order with LILPEPE. In this new world order, memes are not just jokes; they represent the future of finance. To learn more about Little Pepe, visit the website , Telegram , and X . Read more: XRP targets $5 but Little Pepe presale steals the spotlight as it raises $200,000 on day 1 Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
The United States Securities and Exchange Commission (SEC) is tapping former U.S. Department of Justice attorney Kevin Muhlendorf to be the agency’s new Inspector General, a June 23 press release from the federal regulator shows. SEC Chair Praises Kevin Muhlendorf’s Watchdog Credentials According to the Monday press release , the one-time litigation associate at Steptoe & Johnson LLP will take the reins as the SEC’s Inspector General on July 28. Is Change Coming To The SEC? "…The Securities and Exchange Commission today announced that Kevin Muhlendorf will be the agency’s new Inspector General, effective July 28. Mr. Muhlendorf is a former SEC and Justice Department attorney who for the past nine years has been a… pic.twitter.com/YTLJy1i7Ba — kristen shaughnessy (@kshaughnessy2) June 23, 2025 “Kevin has the ideal combination of experience in internal investigations, compliance programs, and law enforcement to hit the ground running as our new Inspector General and ensure our agency’s operations are transparent, efficient, and effective,” said SEC Chairman Paul S. Atkins. “He is a proven leader—and former inspector general—with a reputation for fairness and objectivity, and we’re pleased to welcome someone with his record of accomplishment back to the SEC,” he added. Having spent the last nine years working largely on securities-focused cases for Wiley Rein LLP in Washington, D.C., Muhlendorf has extensive regulatory experience . Muhlendorf also previously served as Senior Counsel for the SEC from 2004 to 2010. “The SEC is genuinely committed to its investor protection mission, and I’m grateful for this opportunity to re-enter government service and help the Commission and its staff pursue that mission with efficiency and integrity while protecting taxpayer resources,” Muhlendorf said. Crypto Oversight Now in Focus Muhlendorf’s appointment comes just months after former SEC Chair Gary Gensler resigned amid U.S. President Donald Trump’s return to the Oval Office. Trump widely campaigned on enacting a crypto-friendly regulatory regime, a stark contrast to Gensler’s regulation-by-enforcement approach to digital assets. The SEC has since established the Crypto Task Force in order “to draw clear regulatory lines, appropriately distinguish securities from non-securities, craft tailored disclosure frameworks, provide realistic paths to registration for both crypto assets and market intermediaries, ensure that investors have the information necessary to make investment decisions, and make sure that enforcement resources are deployed judiciously.” The post DOJ Alum Kevin Muhlendorf Tapped To Police SEC As Inspector General Ahead of Trump’s Crypto Shift appeared first on Cryptonews .
BitcoinWorld Korea Crypto Tax: Crucial Update on Digital Asset Levy Discussions The world of cryptocurrency is dynamic, exciting, and often, a little bit uncertain, especially when it comes to regulation. One of the biggest topics on every investor’s mind is taxation. In South Korea, a major player in the global crypto market, recent reports have stirred the pot regarding the nation’s stance on digital asset taxation. But hold on, before you start calculating your potential liabilities, there’s a crucial update you need to know. The South Korean Presidential Committee for National Policy Planning has clarified that while discussions are ongoing, there have been no concrete decisions on a finalized Korea crypto tax plan. Is South Korea’s Digital Asset Tax Plan Still Up in the Air? It’s easy for news to get misinterpreted in the fast-paced crypto landscape. A recent report by Digital Asset suggested that detailed discussions on digital asset taxation were underway, leading many to believe that a new tax framework was imminent. However, during a June 24 briefing at the Seoul Government Complex, spokesperson Cho Seung-rae provided a much-needed clarification. He emphasized that the content of the report reflected only preliminary policy ideas, not finalized agenda items. In essence, while the government is certainly engaged in South Korea digital asset policy discussions, nothing is set in stone yet. This distinction is incredibly important. Think of it like a brainstorming session versus a signed law. Many ideas can be floated, debated, and even leaked, but until they go through the proper channels and are officially announced, they remain just that – ideas. Cho Seung-rae’s statement serves as a reminder that not every preliminary item should be treated as an official government initiative, especially when it comes to sensitive areas like taxation that can significantly impact a booming industry. Understanding the Nuances of Crypto Taxation Discussions in Korea The conversation around crypto taxation in South Korea isn’t new. For years, the nation has grappled with how to regulate and tax the burgeoning cryptocurrency market. This isn’t unique to South Korea; governments worldwide are navigating the complexities of digital assets, trying to strike a balance between fostering innovation, protecting investors, and ensuring fair tax collection. The challenges are numerous: Defining Crypto Assets: Are they currencies, commodities, securities, or something else entirely? The classification often dictates the tax treatment. Volatility: The rapid price fluctuations of cryptocurrencies make it difficult to determine taxable events and values. Cross-border Transactions: The global nature of crypto makes it hard for a single nation to impose comprehensive taxes without international cooperation. Tracing Transactions: While blockchains are transparent, identifying individual users for tax purposes can be complex. South Korea has previously postponed the implementation of its crypto income tax, pushing it from 2023 to 2025, indicating the government’s cautious approach and the need for more time to develop a robust and fair system. These ongoing discussions are part of that meticulous process, aiming to ensure that any future tax framework is well-considered and sustainable. The Presidential Committee’s Stance on Policy Planning So, who exactly is the Presidential Committee for National Policy Planning, and why does their word carry weight? This committee plays a crucial role in shaping the nation’s strategic direction. They are involved in various aspects of national development, including economic policies, social welfare, and, increasingly, technological regulations. Their mandate involves reviewing, coordinating, and proposing key national policies to the President. When spokesperson Cho Seung-rae clarified that there were no concrete discussions on digital asset taxation, he was speaking from a position of authority within the broader framework of policy planning . This doesn’t mean the topic isn’t being considered; rather, it suggests that the proposals are still in their nascent stages, perhaps undergoing internal review, expert consultation, or inter-ministerial coordination. It underscores that while ideas are always in circulation, the official process for adopting them is rigorous and lengthy. Understanding the layers of government and their respective roles is key to interpreting such news. The committee’s statement acts as a filter, distinguishing between preliminary drafts and official government intent. This distinction is vital for investors and businesses operating in the South Korean crypto space, as it prevents unnecessary panic or premature actions based on unconfirmed reports. Broader Implications for Digital Asset Investors in South Korea For individual investors and businesses dealing with digital asset in South Korea, this clarification brings a temporary sigh of relief, but also highlights the ongoing uncertainty. The lack of a finalized tax plan means: Continued Vigilance: Investors must remain attentive to official announcements and legislative developments. Market Stability: Clarity, or even the promise of it, can prevent market jitters that often follow rumors of impending regulations. Strategic Planning: Businesses can continue their operations without immediate changes to their financial planning based on new tax rules. The South Korean market is known for its high crypto adoption rates and a vibrant ecosystem. Clear and predictable regulations are essential for the healthy growth of this sector. Uncertainty, on the other hand, can deter investment and innovation. The government’s challenge is to develop a framework that not only generates revenue but also fosters a secure and thriving environment for digital assets. Let’s quickly look at the distinction: Initial Report Suggestion Presidential Committee Clarification Concrete discussions on digital asset taxation underway. No concrete discussions on finalized digital asset taxation. Implied near-term implementation of new tax rules. Reflects preliminary policy ideas, not finalized agenda items. Every item to be treated as an official initiative. Inappropriate to treat every item as an official initiative. This table illustrates the crucial difference between a rumor or preliminary idea and an official government stance. It underscores the importance of verifying information from authoritative sources. What’s Next for Korea Crypto Tax? Navigating Regulatory Clarity So, what does this mean for the future of Korea crypto tax ? It means the conversation is far from over. The government is undoubtedly working towards a comprehensive framework, but it’s a complex task that requires careful consideration of various factors, including global standards, economic impact, and technological feasibility. Investors and industry participants should anticipate that discussions will continue, and eventual regulations will emerge. Actionable insights for those in the South Korean crypto space: Stay Informed: Follow official government announcements from bodies like the Ministry of Economy and Finance, the Financial Services Commission (FSC), and indeed, the Presidential Committee. Understand Global Trends: Keep an eye on how other major economies are handling crypto taxation, as South Korea may draw lessons from international precedents. Prepare for Change: While no immediate changes are confirmed, it’s prudent to understand potential tax implications of your crypto activities for when a framework is eventually finalized. Consult with tax professionals who specialize in digital assets. The journey towards clear and stable crypto regulation is a marathon, not a sprint. The recent clarification from the Presidential Committee serves as a valuable checkpoint, reminding us that while the destination (a clear tax framework) is in sight, the path to get there involves many steps of deliberation and refinement. In conclusion, the news that South Korea’s Presidential Committee for National Policy Planning has not yet had concrete discussions on digital asset taxation is a significant clarification. It tempers earlier reports and reminds us that policy formulation is a multi-stage process. While the nation continues its journey towards a definitive crypto taxation framework, this update offers a moment of respite and reinforces the need for vigilance and reliance on official sources. The ultimate goal remains a fair and transparent system that supports both national revenue and the vibrant growth of the South Korean digital asset market. To learn more about the latest crypto market trends, explore our article on key developments shaping digital asset institutional adoption. This post Korea Crypto Tax: Crucial Update on Digital Asset Levy Discussions first appeared on BitcoinWorld and is written by Editorial Team
After a brutal 70% plunge from May highs, PI claws back 5% as the Core Team hints at a GenAI pivot. But with unlock pressures mounting, this rebound may be fragile, raising questions about long-term viability beyond hype cycles. According to CoinMarketCap data, Pi Network (PI) price surged nearly 5% on June 23, staging a modest rebound after weeks of selling pressure. The move appears to be fueled by mounting speculation around an upcoming June 28 announcement from the Pi Core Team, which has teased potential integration of GenAI features within the Pi ecosystem. The token climbed from a daily low of $0.5126 to as high as $0.552 on the back of the latest news, but skepticism lingers. While AI narratives have propelled other projects this cycle, Pi Network’s closed mainnet and delayed roadmap leave investors questioning whether this is a genuine pivot or a tactical distraction ahead of a looming supply glut. You might also like: Pi technicals flash bull signal: Descending wedge + low vol could mean potential reversal to $1 GenAI hype vs. unlock reality: can Pi Network sustain its rally? The recent 5% bounce in Pi Network’s price hinges almost entirely on speculation, specifically the Pi Core Team’s vague teaser about a potential GenAI integration. The timing is notable: the announcement is set for June 28, known as “Pi2Day” within the community, just weeks before 268.4 million PI tokens flood the market in July. How is GenAI related to Pi Network? Why did one of two Pi Founders, Nicolas Kokkalis, participate in a GenAI panel at Consensus 2025? Answer on Pi2Day (6.28.2025) — Pi Network (@PiCoreTeam) June 21, 2025 268.4 million PI tokens being released into the market would mark the project’s largest monthly token release until at least October 2027. If history is any guide, such unlocks often trigger sell-offs, especially when investor confidence is shaky. While traders seem to be betting on the optimism, evident by Pi Network’s 3.96% surge in 24-hour trading volume, the token is still reeling from a 70% collapse since its May peak of $1.67, a drop that began the same day Pi co-founder Nicolas Kokkalis appeared on a GenAI panel at Consensus 2025. The May event, which was ironically meant to bolster credibility, instead sparked a 27% single-day crash, suggesting the market is increasingly skeptical of hype disconnected from tangible progress. Worse, despite the recent uptick, PI remains 82% below its all-time high of $2.98, set in February, a grim reminder of how far the token has fallen from its speculative frenzy earlier this year. Pi Network still operates on a closed mainnet, with no clear timeline for full decentralization or open trading. While the GenAI narrative has buoyed other projects this cycle, PI’s lack of utility and delayed roadmap make it vulnerable to “buy the rumor, sell the news” behavior. For now, traders are playing a risky game. The June 28 announcement could either reignite bullish momentum, if it delivers real tech, or accelerate another sell-off if it’s another vague promise. Either way, with millions of tokens about to hit the market, Pi Network’s recovery looks fragile at best. Read more: Solana gets new tools to slash validators that engage in sandwich attack
It has been reported that the fate of approximately $500,000 worth of investor funds was put at risk after the Layer-2 network Re.al suddenly stopped working. Researcher Luca Donno, who stated that blockchain production stopped on Friday, announced that the network became dysfunctional due to the inactivity of the platform's data availability committee (DAC). Donno, who works on the L2Beat research platform, drew attention to a potential security vulnerability in his post on X, saying, “With the current state of the network, a malicious person can steal all the funds by making changes to the system, and there is no way to prevent this.” The Data Availability Committee (DAC) is a structure that whitelists certain addresses and is responsible for sharing off-chain data in the Re.al project. However, when this structure is not working, the network loses its vitality and transactions come to a halt. Related News: Company That Announced It Would Accumulate Hundreds of Millions of Dollars Worth of Solana (SOL) Suddenly Partners with a Surprise Altcoin Donno’s warning isn’t just a problem specific to Re.al; it also highlights a larger vulnerability facing the decentralized finance (DeFi) world. According to DefiLlama data, the total amount of funds stolen in crypto attacks in 2025 exceeded $2 billion, a 50% increase compared to the entire year of 2024. Re.al was developed by the Tangible team behind the USDR stablecoin project, which collapsed in 2023 due to its inability to manage its treasury. USDR lost 50% of its dollar peg, and investors suffered serious losses. After this failure, the team turned to the Re.al project, aiming to tokenize physical assets. Launched in 2024, Re.al, a platform that tokenizes real estate assets, quickly raised up to $18 million in investment. However, the total asset value tied to the project has now fallen below $500,000. Donno noted that users can attempt to withdraw funds via the Ethereum network, but this process will take 12 days. During this time, a malicious actor could steal existing funds by making a malicious update to the system, as the off-chain data that is required to be provided by the DAC is missing from the network, leaving transactions vulnerable. *This is not investment advice. Continue Reading: A Cryptocurrency Network Suddenly Stopped Working: Funds Could Be Stolen by Hackers at Any Moment