Bitcoin returned to its familiar price range over the week after a dip last weekend brought its price to just under $99,000. This was followed by a bounce to the $106,000 price level, which has given bulls a reason to remain hopeful. However, on-chain data shows some deeper cracks are forming beneath the surface. The latest on-chain data from analytics firm Glassnode shows growing signs of fatigue in both spot and futures markets. These are conditions that may again cause Bitcoin price to retest $99,000. Price Support Holds, But Momentum is Clearly Fading Bitcoin has gone through multiple price swings in recent days, but it has found its way back to the narrow $100,000 to $110,000 band that has defined market structure since early May. On-chain data from Glassnode shows that strong accumulation between $93,000 and $100,000, which is visible on the Cumulative Volume Delta (CBD) Heatmap, has so far served as a buffer zone that helped Bitcoin’s prices bounce during the most recent geopolitical volatility. However, market volume indicates that this structural support may soon face additional pressure. Related Reading: Is The Bitcoin Top In? Bitcoin MVRV-Score Has The Answer According to the latest weekly report by Glassnode, investor profitability and engagement surrounding Bitcoin are cooling rapidly. Specifically, a third major wave of profit-taking is causing the 30-day realized profit average to taper, and on-chain activity has decreased significantly. The 7-day moving average of on-chain transfer volume has dropped by about 32%, from a peak of $76 billion in late May to $52 billion over the recent weekend. Current spot volume trading, which is now at just $7.7 billion, is far below the volumes seen during previous rallies. The lack of strong buying enthusiasm on the spot market shows that bullish sentiment has been replaced by caution. As such, the risk of a breakdown below $99,000 grows unless another wave of demand re-enters. Futures Market Also Cooling Off The slowdown in sentiment is not limited to the spot market. Although Bitcoin is attracting interest on derivatives exchanges, there are clear signs that futures sentiment is waning. Open interest dropped by 7% over the weekend, from 360,000 BTC to 334,000 BTC, and funding rates have been declining steadily since Bitcoin hit its Q1 2025 all-time high. Related Reading: Bitcoin Price Could Rally To $110,000 ATH As These Macroeconomic Factors Align Futures market participants had been very active through Bitcoin’s climb to $111,800 in May, but their conviction appears to be fading now. A further indication of a growing reluctance to hold long positions is the sharp decline in both the annualized funding rate and the 3-month rolling basis. Without stronger directional conviction, the futures markets may not provide the upside needed to push Bitcoin to new highs. This situation may instead contribute to additional downward pressure. So far, Bitcoin has respected the $93,000 to $100,000 support zone, which was heavily accumulated during the Q1 2025 top formation. However, with low spot volumes, on-chain activity slowing, and fading futures sentiment, this support could become tested again. If market participants with a cost basis in this zone begin to sell, the resulting pressure could drag Bitcoin below $99,000 again next week. At the time of writing, Bitcoin is trading at $107,100. Featured image from Pixabay, chart from Tradingview.com
Bitcoin is showing signs of renewed strength on the 4-hour chart, with bullish momentum building. The price is climbing steadily, supported by higher lows and improving volume. As BTC pushes against resistance levels, technical indicators are turning upward, reinforcing the bullish outlook. MACD and RSI Point To Bullish Shift Bitcoin is trending upward after a recent downtrend, with the structure setting up for a continuation move. According to Gemxbt, support is holding around $104,000, and resistance is forming near $108,000, creating a tight but favorable trading range. Momentum indicators are flashing bullish signals. The Relative Strength Index (RSI) is around 60, while the Moving Average Convergence Divergence (MACD) has confirmed a bullish crossover. Gemxbt points out that an entry around $106,000, with a stop-loss placed at $104,000, looks promising. The analyst also revealed that Bitcoin’s 4-hour chart is shaping up with a consolidation pattern within an upward trend, forming higher lows and higher highs , a classic sign of bullish structure building strength. Currently, key support is around $104,000, providing a solid base for the ongoing trend, while resistance near $110,000 acts as the next hurdle for a breakout. The Relative Strength Index (RSI) remains neutral, suggesting that there is still room for movement in either direction. The MACD is showing bullish momentum, reinforcing the case for a continuation to the upside. Crypto analyst Elias ₿Lake also mentioned that the Bitcoin daily chart is currently testing resistance, with positive momentum building across the broader Bitcoin landscape. As such, Elias believes the resistance zone won’t last much longer. Additionally, funding rates are negative, indicating the market is in short supply, especially when paired with liquidation maps that show a clear upside. The setup is ready for a breakout, as Elias eyes the $112,000 as the next price target . Bitcoin 4-Hour Chart Flashes Bullish Momentum — Breakout Brewing? Bitcoin has broken above a key trendline on the 1-day chart, confirming a bullish shift after bouncing from a strong demand zone . This breakout marks a technical development, and now, a retest is in progress, often viewed as a prime entry zone before the next leg up. Analyst GîZ highlighted a target of $125,000, assuming the price continues to hold above the support zone between $107,000 and $103,000. This structure represents a textbook break-out and retest, a pattern that often precedes strong upward continuation if the retest holds. Global liquidity is on the rise and starting to reflect in Bitcoin price action. The M2 money supply of liquidity just crossed the $112,000 mark on the 3-month chart, and BTC appears to be closely following that curve. Lastly, Zhao Lusi emphasizes a repeating lead-leg pattern, where liquidity trends first, and BTC follows next. If the trend holds, Zhao believes the next BTC breakout may already be in motion.
BitcoinWorld Mullen Automotive Unlocks Future of EV Sales with Crypto Payments The world of electric vehicles is constantly evolving, and now, a groundbreaking development is set to redefine how you purchase your next EV. Mullen Automotive , a prominent Nasdaq-listed electric vehicle manufacturer, has officially embraced the digital revolution by announcing its acceptance of crypto payments for its innovative lineup of Mullen and Bollinger commercial vehicles. This bold move signals a significant shift in the automotive industry, blending cutting-edge transportation with the decentralized power of digital currencies. Why is Mullen Automotive Embracing Crypto Payments? In a strategic move designed to broaden its customer base and streamline transactions, Mullen Automotive has positioned itself at the forefront of digital commerce within the automotive sector. The decision to accept cryptocurrencies like Bitcoin isn’t just about novelty; it’s about tapping into a growing demographic of tech-savvy consumers and leveraging the inherent advantages of blockchain technology. Here are some key reasons behind this pioneering initiative: Expanded Customer Reach: By accepting digital assets, Mullen can appeal to a global audience of cryptocurrency holders who might prefer using their digital wealth for high-value purchases. Reduced Transaction Fees: In some cases, cryptocurrency transactions can incur lower fees compared to traditional credit card processing or bank transfers, potentially benefiting both the company and the customer. Faster Settlements: While not instantaneous for all cryptocurrencies, blockchain transactions can often settle faster than conventional banking methods, improving cash flow efficiency. Innovation and Brand Image: Embracing crypto enhances Mullen’s image as a forward-thinking and innovative company, aligning with the progressive nature of electric vehicle technology. Simplified International Transactions: Cryptocurrencies transcend national borders, making it easier for international buyers to purchase EVs without complex currency conversions or banking hurdles. The company specifically highlighted its acceptance of Bitcoin (BTC), the world’s leading cryptocurrency, which brings a level of established trust and liquidity to the payment options. The Unique Choice: TRUMP Meme Coin and Its Implications Perhaps the most unexpected inclusion in Mullen’s initial list of accepted cryptocurrencies is the TRUMP meme coin . This decision has certainly turned heads within both the crypto and automotive communities. While many companies entering the crypto payment space stick to mainstream assets like Bitcoin or Ethereum, Mullen’s choice to include a politically-themed meme coin is a bold differentiator. What does this mean for Mullen Automotive? Targeted Appeal: Accepting a meme coin associated with a specific political figure could potentially resonate with a niche, yet passionate, segment of the market, fostering strong brand loyalty among supporters. Increased Visibility: The unique nature of this choice generates significant media attention and discussion, providing Mullen with valuable publicity. Volatility Considerations: Meme coins are notoriously volatile. Mullen’s strategy will need robust risk management to mitigate potential price fluctuations between the time of purchase and conversion to fiat currency. Mullen’s press release also indicated that the company is actively considering support for other cryptocurrencies, including popular meme coins and stablecoins. This suggests a flexible and adaptive approach to digital payments, aiming to cater to diverse preferences and potentially integrate more stable options in the future. Revolutionizing EV Sales: A Glimpse into the Future of Automotive Commerce The integration of crypto payments by a Nasdaq-listed automotive company like Mullen Automotive is more than just a payment option; it’s a statement about the evolving landscape of commerce. For EV sales , this could mark the beginning of a new era of accessibility and transaction fluidity. Historically, purchasing a vehicle involves traditional financing, bank transfers, or credit. The advent of crypto payments introduces an alternative that aligns with the digital-first mindset of many modern consumers. Imagine a seamless transaction where a buyer can leverage their crypto holdings directly to acquire a high-value asset like an electric vehicle, bypassing some of the conventional financial intermediaries. This move by Mullen follows a broader trend where luxury goods, real estate, and other high-ticket items are increasingly becoming purchasable with digital currencies. While not every car manufacturer has fully committed to crypto payments (Tesla famously dabbled then paused Bitcoin acceptance), Mullen’s steadfast adoption could encourage others to explore similar pathways, further legitimizing cryptocurrencies as a viable medium of exchange for significant purchases. Navigating the Digital Road: Challenges and Considerations for Crypto Payments While the benefits are clear, adopting crypto payments for something as significant as EV sales comes with its own set of challenges that Mullen Automotive will need to navigate carefully: Price Volatility: The fluctuating nature of cryptocurrencies, especially meme coins, poses a risk. Mullen will likely employ third-party payment processors that instantly convert crypto to fiat currency upon transaction to mitigate this risk. Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving globally. Mullen must ensure compliance with all relevant financial regulations and tax laws. Technical Integration and Security: Implementing a secure and efficient crypto payment system requires robust technical infrastructure and stringent security measures to protect against hacks, scams, and errors. Customer Education: While crypto adoption is growing, many potential EV buyers may not be familiar with using cryptocurrencies for purchases. Providing clear guidance and support will be crucial. Tax Implications: For consumers, using crypto to purchase goods can trigger capital gains taxes depending on their jurisdiction and how long they held the asset. Mullen will need to ensure clear communication on this front. Despite these hurdles, Mullen’s commitment indicates a belief that the long-term advantages outweigh the short-term complexities, positioning them as an innovator in the EV market. Beyond Bitcoin: What Does This Mean for the Broader EV and Crypto Markets? Mullen Automotive’s embrace of Bitcoin and the TRUMP meme coin as payment options for its electric vehicles sends a powerful signal across industries. It reinforces the idea that cryptocurrencies are moving beyond speculative assets to become practical tools for commerce. This development could catalyze further crypto adoption in the automotive sector. If Mullen demonstrates success in attracting new customers and streamlining sales through digital currencies, other EV manufacturers and even traditional automakers might consider integrating similar payment solutions. This could lead to a more widespread acceptance of cryptocurrencies for high-value purchases, accelerating their mainstream integration. Furthermore, it highlights the increasing demand from consumers to have diverse payment options, reflecting a global trend towards digital and decentralized finance. The acceptance of a meme coin like TRUMP also underscores the growing influence of community-driven digital assets, challenging traditional notions of value and utility in the crypto space. Mullen’s pioneering step could pave the way for a future where purchasing an electric vehicle with your preferred digital currency is as common as using a credit card today. It’s a testament to the dynamic convergence of technological innovation in both transportation and finance. Mullen Automotive’s decision to accept crypto payments , including Bitcoin and the TRUMP meme coin , marks a pivotal moment for both the electric vehicle and cryptocurrency industries. It showcases a forward-thinking approach that could redefine EV sales and broaden market accessibility. While challenges remain, this move positions Mullen Automotive as a pioneer, potentially paving the way for wider digital currency adoption in mainstream commerce. As the lines between traditional finance and decentralized currencies continue to blur, innovations like these are crucial in shaping the future of how we transact and what we drive. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and EV adoption. This post Mullen Automotive Unlocks Future of EV Sales with Crypto Payments first appeared on BitcoinWorld and is written by Editorial Team
Even as the TRUMP team sells, investors hold firm.
Scientists estimate Moon's platinum reserves to be worth one trillion dollars. Asteroid impacts have potentially deposited valuable metals in Moon's craters. Continue Reading: Moon’s Hidden Trillion-Dollar Platinum Reserve Sparks New Mining Era The post Moon’s Hidden Trillion-Dollar Platinum Reserve Sparks New Mining Era appeared first on COINTURK NEWS .
BitcoinWorld Euro-pegged Stablecoins: Surging Growth Unlocks New Opportunities Are you ready to witness a quiet revolution unfolding in the digital asset space? While the spotlight often shines on Bitcoin and Ethereum, a significant shift is underway in the less-talked-about world of stablecoins, particularly those tied to the Euro. Recent data reveals a truly remarkable surge, signaling a pivotal moment for euro-pegged stablecoins and their potential to reshape the global financial landscape. This isn’t just about numbers; it’s about the expanding utility, growing confidence, and emerging opportunities within the European digital economy. Unpacking the Surge: What’s Driving This Astounding Stablecoin Growth? The first half of 2025 has brought exciting news for the European crypto ecosystem. According to insights from CoinDesk, leveraging data from Coingecko, the cumulative market capitalization of euro-pegged stablecoins has experienced an impressive 44% growth. This translates to a jump from a respectable $310 million at the beginning of the year to a robust $480 million by mid-year. This isn’t merely incremental progress; it’s a clear indication of accelerating adoption and increasing demand for stable digital assets denominated in the Euro. To put this growth into perspective, let’s look at the numbers: Metric Start of H1 2025 End of H1 2025 Growth Total Euro-pegged Stablecoin Market Cap $310 Million $480 Million 44% Several factors are likely contributing to this impressive stablecoin growth . Firstly, increasing regulatory clarity in Europe, particularly with the Markets in Crypto-Assets (MiCA) regulation coming into full effect, is providing a much-needed framework for digital asset businesses. This clarity fosters trust and encourages both institutional and retail adoption. Secondly, the growing utility of stablecoins for cross-border payments, decentralized finance (DeFi) applications, and hedging against volatility in the broader crypto market is making euro-pegged options more attractive. Finally, a strategic push by issuers to expand their offerings and integrate with more platforms is undoubtedly playing a significant role. The Rise of EURC Stablecoin: A Dominant Force in Euro Digital Assets While the entire sector saw substantial gains, one particular asset stood out as a clear leader: Circle’s EURC stablecoin . This Euro-pegged stablecoin, issued by the same company behind the widely popular USDC, demonstrated a staggering 138% growth in its market capitalization during the first half of 2025. This exceptional performance positions EURC as a key player in the nascent euro stablecoin market. What makes EURC stablecoin so compelling? Its success can be attributed to several factors: Issuer Credibility: Circle’s established reputation and operational excellence with USDC instill confidence among users and institutions. Regulatory Compliance: EURC is designed to comply with evolving European regulations, making it an attractive option for regulated entities. Interoperability: As part of the broader Circle ecosystem, EURC benefits from existing integrations and liquidity pools, making it easier for users to access and utilize. Growing Use Cases: From enabling faster, cheaper international remittances to facilitating trading pairs on exchanges and participation in DeFi protocols, EURC is finding its stride across various applications. The impressive growth of EURC highlights a growing appetite for a reliable, transparent, and regulated Euro-denominated digital asset. This momentum suggests that more users and businesses are looking beyond the dollar for their stablecoin needs, seeking alternatives that align with their local currency and regulatory environment. Why Euro-Pegged Stablecoins Matter: Beyond USD Dominance in Crypto Market Trends Despite the exciting growth, it’s crucial to acknowledge the current scale of the euro-pegged stablecoins market. At $480 million, its total market capitalization remains less than 1% of that of U.S. dollar-pegged stablecoins. This stark difference underscores the immense potential for further expansion and the journey ahead for Euro-denominated digital assets. So, why is this growth, even from a smaller base, so significant for broader crypto market trends ? Diversification: The crypto market has long been heavily reliant on USD-pegged stablecoins. The emergence and growth of euro-pegged alternatives offer crucial diversification, reducing systemic risk and catering to a global user base. European Economic Integration: For businesses and individuals operating within the Eurozone, using a euro-pegged stablecoin simplifies transactions, reduces foreign exchange risks, and integrates more seamlessly with existing financial infrastructures. Gateway to DeFi and Web3: A robust euro stablecoin market can unlock new opportunities for European participants in decentralized finance (DeFi), NFTs, and other Web3 applications, allowing them to engage with these innovations using their native currency. Preparation for Digital Euro: The development and adoption of private euro-pegged stablecoins can also be seen as a precursor and complement to potential central bank digital currency (CBDC) initiatives, such as the Digital Euro . They help to familiarize users with the concept of digital fiat and can even serve as a bridge. The journey to catch up with USD stablecoins will be long, but the current growth trajectory indicates a clear demand for alternatives and a readiness within the market to embrace them. Navigating the Future: Are Digital Euro Initiatives a Catalyst? The discussion around euro-pegged stablecoins cannot be complete without considering the broader European regulatory and central banking landscape. The European Central Bank (ECB) is actively exploring the concept of a Digital Euro , a central bank digital currency (CBDC). While private stablecoins like EURC and a CBDC serve different purposes, their coexistence and potential interplay are critical for the future of digital finance in Europe. How might these initiatives influence each other? Regulatory Clarity (MiCA): The Markets in Crypto-Assets (MiCA) regulation, set to be fully implemented, provides a comprehensive regulatory framework for stablecoins, distinguishing between e-money tokens and asset-referenced tokens. This clarity is a boon for compliant euro-pegged stablecoins, offering a clear path for operation and increasing investor confidence. It also sets a precedent for how a future Digital Euro might integrate into the existing financial system. Market Readiness: The increasing adoption of private euro stablecoins demonstrates a market demand for digital Euro-denominated assets. This can inform the ECB’s design choices for a Digital Euro , ensuring it meets user needs and integrates effectively with the burgeoning crypto economy. Competition and Innovation: The presence of well-regulated private stablecoins encourages innovation and competition. This could push the ECB to ensure a Digital Euro is not only secure and stable but also user-friendly and efficient. Bridging Traditional and Digital Finance: Euro-pegged stablecoins are already acting as bridges, facilitating seamless transfers between traditional bank accounts and blockchain networks. This infrastructure can potentially be leveraged or adapted when a Digital Euro eventually launches. The interplay between private innovation and public sector initiatives will shape the future of digital money in Europe, with euro-pegged stablecoins playing a crucial role in paving the way. Actionable Insights for the Evolving Crypto Market Trends The significant stablecoin growth in the Euro market presents compelling opportunities for various stakeholders. Understanding these crypto market trends can help you position yourself effectively in this evolving landscape. For Investors: Diversify Your Stablecoin Holdings: Consider allocating a portion of your stablecoin portfolio to euro-pegged assets like EURC stablecoin , especially if you have exposure to European markets or prefer Euro-denominated assets. Monitor Regulatory Developments: Keep a close eye on the implementation of MiCA and other European regulations. Compliance will be a key differentiator for stablecoin projects. Explore DeFi Opportunities: As euro stablecoins gain traction, more DeFi protocols will integrate them, potentially offering new yield-generating opportunities. For Businesses: Facilitate Cross-Border Payments: Leverage euro-pegged stablecoins for faster, cheaper, and more transparent international payments, particularly within the Eurozone. Integrate Digital Euro Payments: For businesses operating online, offering euro-pegged stablecoins as a payment option can attract a digitally native customer base and reduce transaction fees. Explore Treasury Management: Businesses with Euro-denominated reserves might consider using stablecoins for efficient on-chain treasury management, subject to regulatory guidance. For Developers: Build Euro-Centric DeFi Protocols: There’s a growing demand for DeFi applications that utilize euro-pegged stablecoins, catering to European users and liquidity. Develop Wallets and Payment Gateways: Create user-friendly wallets and payment solutions that seamlessly integrate euro stablecoins, improving accessibility and adoption. Contribute to Infrastructure: Work on scaling solutions, interoperability layers, and security audits for euro-pegged stablecoin ecosystems to foster a robust environment. The expansion of euro-pegged stablecoins is not just a statistical anomaly; it’s a call to action for those looking to capitalize on the next wave of digital financial innovation in Europe. The Road Ahead: What’s Next for Euro-Pegged Stablecoins? While the 44% growth in H1 2025 is a testament to the burgeoning potential of euro-pegged stablecoins , the journey is far from over. The sector still faces challenges, primarily the significant dominance of USD-pegged stablecoins, which benefit from deeper liquidity, wider adoption, and a longer history in the crypto space. Overcoming this requires sustained effort in building infrastructure, fostering adoption, and maintaining regulatory compliance. However, the future looks promising. We can anticipate several key developments: Increased Institutional Adoption: As regulatory clarity improves and the market matures, more financial institutions, asset managers, and corporate treasuries are likely to explore euro-pegged stablecoins for various use cases, including settlement, hedging, and investment. Enhanced Liquidity and Trading Pairs: More exchanges will likely list euro stablecoins, leading to increased liquidity and a broader range of trading pairs, making them more accessible to a global audience. Innovation in Use Cases: Beyond basic payments, we could see more sophisticated applications emerging, such as tokenized real-world assets denominated in Euros, more complex DeFi strategies, and integration into supply chain finance. Interoperability with Traditional Finance: Seamless bridges between traditional Euro bank accounts and blockchain-based euro stablecoins will become increasingly common, blurring the lines between conventional and digital finance. Influence of the Digital Euro: The progress of the ECB’s Digital Euro project will undoubtedly cast a long shadow. While it might compete with private stablecoins in some areas, it could also legitimize the concept of digital fiat, paving the way for broader acceptance and creating new synergies. The trajectory for euro-pegged stablecoins is upward, driven by a confluence of regulatory support, technological innovation, and a growing market demand for stable, reliable digital representations of the Euro. Conclusion: A New Dawn for Digital Euro Assets The remarkable 44% surge in the market capitalization of euro-pegged stablecoins in the first half of 2025 is more than just a statistic; it’s a powerful indicator of a maturing and diversifying digital asset ecosystem. Led by the impressive growth of EURC stablecoin , this expansion signals a clear demand for alternatives to USD-pegged stablecoins and highlights Europe’s growing prominence in the global crypto arena. While challenges remain, particularly in scaling to rival the dollar’s dominance, the foundational elements for sustained stablecoin growth are firmly in place, bolstered by evolving regulations like MiCA and the ongoing discourse around the Digital Euro . This burgeoning sector is set to play an increasingly vital role in shaping future crypto market trends , offering unparalleled opportunities for innovation, financial inclusion, and cross-border efficiency. The digital Euro era is not just coming; it’s already here, and it’s surging forward. To learn more about the latest crypto market trends, explore our article on key developments shaping stablecoin institutional adoption. This post Euro-pegged Stablecoins: Surging Growth Unlocks New Opportunities first appeared on BitcoinWorld and is written by Editorial Team
The XRP case is concluding as Ripple drops its appeal and the SEC is expected to follow, locking in a landmark ruling that secures XRP’s legal clarity. Final Moves in XRP Case: Ripple Withdraws Appeal, SEC Set to Join A pivotal chapter in the XRP saga is closing as the long-running case officially comes to
Key Takeaways: A bill proposes expanding South Korea’s Capital Markets Act to include digital assets as underlying ETF assets. Trust companies could legally hold and manage digital assets, under clearer rules for delegation and custody. Some industry figures warn that brokering derivatives tied to digital assets requires rigorous risk controls. Min Byung-deok, a member of South Korea Democratic Party, introduced a bill on June 27 to amend the Capital Markets Act, according to News1 . The proposal would expand the scope of underlying assets for ETFs to include digital assets like Bitcoin. The amendment establishes a legal framework allowing trust companies to hold and manage digital assets as trust property. It also outlines conditions for delegating custody of virtual assets to registered service providers. Lawmaker Proposes Bill to Enable Digital Asset-Based ETFs The bill is part of President Lee Jae-myung’s agenda to integrate digital assets into the financial system. A separate roadmap from the Financial Services Commission would permit institutional investors with more than KRW 10 billion in assets to trade virtual assets beginning in late 2025. Supporters say the amendment provides a legal foundation for digital asset-based ETFs and improves investor protections through clear rules on trust management. It also includes measures to expand the derivatives market, allowing risk management strategies using digital assets. Skeptics argue that brokering digital asset derivatives requires strict risk management. Some industry participants say only firms with sufficient capacity should be allowed to offer such products. Currently, South Korea prohibits ETFs that use digital assets as underlying assets, forcing domestic investors to trade abroad or rely on unregulated markets. The new measure could create a regulated pathway to participate in this market domestically. South Korea Moves Forward Amid Global Uncertainty If approved, the amendment would let asset managers develop financial products tied to digital assets, increase ETF market diversity, and boost transparency and oversight in the sector. Min said the bill would promote growth while strengthening protections for Korean investors. While global regulators weigh frameworks for digital asset ETFs, many jurisdictions still grapple with basic questions of valuation, custody, and cross-border compliance. In the absence of uniform standards, countries often move at different speeds, which can lead to regulatory arbitrage and inconsistent protections for investors. Industry observers say any shift in ETF rules could influence broader debates over digital asset taxation, reporting standards, and how digital finance fits into national growth strategies. Frequently Asked Questions (FAQs) Why are some concerned about derivatives provisions? Critics argue that derivatives tied to digital assets involve risks that should be managed by firms with sufficient risk controls. How does this compare with global trends? While the U.S. has approved Bitcoin and Ethereum spot ETFs, many countries still debate rules around custody, taxation, and investor protections. Could this affect other parts of South Korea’s financial regulation? Potentially. Analysts say ETF rules often intersect with tax policy, reporting standards, and national digital finance strategies. The post South Korean Lawmaker Proposes ETF Bill to Include Virtual Assets appeared first on Cryptonews .
The years-long legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to have finally come to an end, after Ripple Labs CEO Brad Garlinghouse announced Friday that the company plans to drop its cross-appeal in the case. “Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said,” Garlinghouse wrote on X . “We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in.” XRP climbed a modest 1.4% on the news. The decision comes just a day after U.S. District Judge Analisa Torres of the Southern District of New York (SDNY) rejected a joint request from the SEC and Ripple to approve a proposed settlement agreement that would slash Ripple’s civil penalty to $50 million and dissolve the permanent injunction against the firm. It was the latter that appeared to be the sticking point for Torres, who argued: “Indeed, if the Court should not be concerned about Ripple violating the law, why do the parties want to eliminate the injunction that tells Ripple, ‘Follow the law’?,” Torres wrote. “When the Court imposed the injunction, it did so because it found a 'reasonable probability' that Ripple would continue violating federal securities laws. This has not changed, nor do the parties claim that it has.” The joint request was the second such request slapped down by Torres, who rejected an earlier attempt in May citing both jurisdictional and procedural flaws. With the court showing no signs of budging on the terms of the settlement, Ripple’s decision to withdraw its cross-appeal ends the case by accepting the initially-imposed civil penalty of $125 million and presumably leaving the permanent injunction against the firm in place. A spokesperson for Ripple Labs did not immediately respond to CoinDesk’s request for comment. The SEC first sued Ripple in 2020 under then-Chair Jay Clayton, alleging that the company violated federal securities laws through its sales of XRP. After years of litigation, Torres eventually concluded in a 2023 ruling that the sales of XRP to retail traders on public exchanges did not constitute securities transactions, but found that XRP sales to institutional investors did, thus violating securities laws.
President Trump unloaded on the issue of crypto debanking Friday, but stopped short of committing to issuing an executive order on the subject.