Author: James Wilson
The Bank of Korea has kicked off Phase 2 of Project Hangang, expanding its digital won pilot to nine banks and, for the first time, using CBDC-linked deposit tokens for real government subsidy payments. Summary The BOK’s Project Hangang Phase 2 extends its wholesale CBDC and deposit-token pilot from seven to nine banks and introduces live government subsidy disbursement as a core test case. New features such as biometric approvals, P2P wallet transfers and automatic top-ups aim to fix Phase 1’s weak engagement, when only ~80,000 of 100,000 invited users opened wallets and volume stayed below 700 million won despite…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. CoinEx launches Dual Investment product to help traders earn rewards during volatile market conditions. Summary CoinEx unveils dual investment, enabling crypto holders to earn interest while targeting specific buy or sell prices. Traders can now grow their crypto holdings with CoinEx’s Dual Investment, earning yields even during market swings. Dual investment by CoinEx offers high APY rewards, letting investors lock USDT or BTC with conditional price targets. CoinEx has launched a product called dual investment, which allows traders to…
Polymarket has acquired DeFi infrastructure startup Brahma, folding its smart-account execution layer into a prediction market now eyeing a $20B valuation and an AI‑driven, onchain future. Summary Polymarket bought Brahma, a DeFi infrastructure startup for programmable smart accounts and automated execution, in its third acquisition in under a year as it eyes a $20 billion valuation. Brahma will wind down outside partnerships and focus on Polymarket’s stack, streamlining wallets, deposits, asset routing and result-token redemptions while helping bring deeper liquidity into niche contracts. The deal follows earlier QCEX and Dome buys and comes as algorithmic traders and AI bots dominate…
Canada’s FINTRAC has yanked 23 crypto MSBs from its registry in a single sweep, escalating an AML crackdown that now targets exchanges, ATMs and offshore operators alike. Summary FINTRAC revoked the registrations of 23 money services businesses offering crypto services, citing failures to respond to information requests, keep records updated, or meet AML eligibility conditions. The move follows Finance Minister François‑Philippe Champagne’s February order to “mobilize resources” against illicit finance and high‑risk virtual currency businesses, including crypto ATMs and foreign operators. Ottawa has already signalled its direction with a record C$176.96 million fine against Cryptomus operator Xeltox in 2025, and…
Gemini’s GEMI stock is down about 3% over 24 hours and trading below $6 even as Bitcoin, Ethereum and Coinbase rebound, signaling growing decoupling from the crypto rally. Summary GEMI opened near $5.95, about 3% below its 24‑hour level and near the bottom of today’s $5.92–$6.98 range, a pattern that suggests distribution rather than fresh accumulation. After a 2025 IPO at $28 and a first‑day pop to ~$37, the stock has traced a classic post‑hype round‑trip as exploding losses, heavy spend and thin liquidity leave late‑cycle retail deep underwater. Bitcoin and Ethereum have rebounded on ETF flows while Coinbase trades…
A pseudonymous whale called Jason has built a 2,281 BTC short on Binance, now in multi‑million profit, extending a pattern of eerily well‑timed macro trades. Summary On-chain sleuths say Jason holds a 2,281 BTC short on Binance at a $74,238 entry, sitting on roughly $4.2 million in unrealized profit with BTC near $72,467. The trader’s history includes perfectly timed shorts during prior market crashes and a reported $58.89 million loss, underscoring a high‑conviction, high‑risk strategy. Today’s bet lands as Bitcoin slides on Iran-linked Strait of Hormuz tensions and hotter‑than‑expected U.S. PPI, with analysts split on whether Jason is signal or…
Ethereum client teams are testing an opt-in mechanism that could cut the time some layer-2 networks and exchanges wait to recognize mainnet deposits, allowing them to process transactions much faster. Summary Ethereum client teams are testing a Fast Confirmation Rule that could reduce deposit recognition times for layer 2 networks and exchanges to about 13 seconds. The proposal suggests replacing block counting with validator attestations, offering faster confirmation than canonical bridges while avoiding the need for a hard fork. Dubbed the Fast Confirmation Rule (FCR), the proposal is expected to bring confirmation times down to around 13 seconds, according to…
Spot Ethereum exchange-traded funds drew in $138.2 million in net inflows over the past day, their highest single-day inflows since Feb. 25. Summary Spot Ethereum ETFs recorded $138.2 million in daily inflows, marking their highest since late February and extending a six-day inflow streak. Institutional demand strengthened amid Bitmine’s continued ETH accumulation, with Fundstrat’s Tom Lee calling a potential market bottom near $2,150. ETH price traded near $2,328, with price approaching a breakout above $2,400 as markets await the Federal Reserve rate decision. According to data compiled by SoSoValue, BlackRock’s ETHA led the inflows of the day with $81.7 million…
Bitcoin price fell back under the $74,000 support level after three straight days of gains as investors remained cautious ahead of the Federal Reserve’s rate cut decision scheduled for later today. Summary Bitcoin price slipped below $74,000 after a three-day rally, as traders booked profits ahead of the Federal Reserve’s rate decision. Markets expect the Fed to hold rates at 3.50% to 3.75%, with CME FedWatch showing over 99% probability of no rate cut. Bullish technical signals persist, with a triangle breakout and ETF inflows supporting upside, while $76,000 remains key resistance. After rallying over 7% and touching nearly $76,000…
This week banks and crypto lobbyists may reach a compromise on stablecoin yield payments, according to U.S. Senator Tim Scott. Currently, the Senate’s crypto market structure bill progress remains stalled. Summary Senator Tim Scott says a proposal to resolve the stablecoin yield dispute could arrive this week, raising hopes for movement on the stalled Senate crypto market structure bill. Talks have slowed over a provision targeting stablecoin yield payments, with banks warning of deposit outflows while crypto firms argue the restriction would limit competition Speaking at a crypto lobby event in Washington, Scott, who chairs the Senate Banking Committee, said…