1. π°π· South Korea Weighs Won-Stablecoins Over USD Alternatives
Bank of Korea Governor Rhee Changβyong signaled cautious support for wonβdenominated stablecoins but warned they could spur demand for US-dollar stablecoins, complicating forex control and capital flow management. The remarks follow the governmentβs proposed Digital Asset Basic Act, which aims to set a regulatory framework for native stablecoins. Β
2. πCoinbase Seeks SEC Approval to Offer Tokenized U.S. Stocks
Coinbase is pursuing SEC approval to issue tokenized equitiesβblockchain-backed tokens representing shares of traditional companies. The move could enable 24/7 stock trading, reduced settlement times, and lower costs, pending a βno-action letterβ or exemptive relief from the SEC. Β
3. πͺBitcoin Holds Firm Above $105K Amid Middle East Tensions
Bitcoin remains resilient above $105,000 despite geopolitical stresses in the Middle East and macroeconomic uncertainty. Analysts say the market is cautiously optimistic, awaiting cues from the U.S. Federal Reserve that could influence direction. Β
4. ποΈ U.S. Senate Passes GENIUS Act, Yet Markets Dip
The U.S. Senate passed the GENIUS Act 68β30βa key stablecoin regulation setting reserve and audit rules. Ironically, crypto prices fell afterward as geopolitical flashpoints and Fed uncertainty outweighed the regulatory news.
