South Korean Ruling Party Demands Stablecoin Plan, Floats Consortium Model
South Korea’s ruling party has drawn a line in the sand, ordering the Financial Services Commission to deliver a stablecoin regulatory plan by December 10.
US Banking Regulator Takes Lead, Crafting First Rules Under New Stablecoin Law
The FDIC is taking the lead in translating the GENIUS Act into enforceable regulations for the US stablecoin market.
Grayscale Eyes Chainlink ETF Debut, Leading Wave of Crypto Fund Launches
Grayscale is preparing to uplist a private trust to create the United States’ inaugural spot Chainlink ETF, potentially launching this week.
HashKey Surmounts Listing Hearing, Moves Into Final IPO Preparations
HashKey Holdings Limited, operator of Hong Kong’s leading licensed cryptocurrency platform, has passed the Hong Kong Stock Exchange listing committee hearing—a key review that decides the fate of IPO applications.
Beijing Mobilizes Agencies for Fresh Crypto Crackdown, Citing Stablecoin Dangers
China’s central bank and a dozen other agencies have pledged to refresh the nationwide suppression of cryptocurrency.
Pre-Listing Consolidation: CoinShares Drops Three US ETF Plans, Winds Down Bitcoin Futures Fund
CoinShares has withdrawn applications for US spot XRP, Solana, and Litecoin ETFs and is winding down its Bitcoin Futures Leveraged ETF.
Trading Activity Sees Sharp Contraction: Exchange Volumes Retreat to June Levels
The crypto market entered a period of markedly lower activity in November, with combined exchange volumes retreating to levels last seen in June.
