Crypto Markets & On-Chain Ecosystem Developments

According to the Korea Payment Service Promotion Institute on August 20, the organization partnered with LineNext and ICB to integrate stablecoin payments into ZeroPay, a digital payment platform. Foreign visitors can now make offline purchases at approximately 2.2 million ZeroPay merchants using Li

According to Brett Redfearn, president of Securitize, the U.S. Securities and Exchange Commission withdrew its crypto innovation exemption rules last Friday due to concerns over an upcoming vote on the CLARITY Act. Redfearn expects the rules to be reintroduced in early October, following a Senate vo

According to Mike Cagney's announcement on X on August 20, the SoFi and Figure co-founder launched The Wallet Co, a mobile application combining fintech usability with self-custody, blockchain-native features, and AI agents. The platform will offer yield-bearing cash products, tokenized real-world a

Gate News bot message: Gate market data shows BTC breaking above 71,000 USDT, currently priced at 71,035.4 USDT.

Gate News bot message: According to Gate market data, BTC is up 10.11% over the past 24 hours, with the current price at 70,803 USDT.

Gate News bot message: Gate market data shows BTC has broken above 70,000 USDT, currently priced at 70,038.1 USDT.

Gate News bot message: Gate market data shows CRCLG is up 14.55% over the past 24 hours and is currently priced at 81.68 USDT.

Tether would need to restructure approximately one-quarter of its roughly $190 billion reserve portfolio backing USDT to satisfy the U.S. GENIUS Act's reserve-asset requirements, based on the stablecoin issuer's disclosed holdings as of June 30 and the assets permitted under the new federal

According to Tether's latest disclosed holdings as of June 30, approximately $47 billion of its roughly $190 billion reserve portfolio does not qualify under the U.S. GENIUS Act's reserve-asset requirements, representing about 25% of total reserves. The non-compliant assets include approximately $1

According to Bitwise CEO, the company is launching a new wallet designed for the tokenized world. The announcement was made on X platform.

According to Odaily星球日报, cryptocurrency analyst Wang Chun posted on X platform citing a post from January 28, 2023, stating that "the bear market has ended."

According to Farside Investors, yesterday (Aug 20), Bitcoin spot ETFs recorded net inflows of $454.8 million while Ethereum spot ETFs posted net inflows of $186.8 million.

South Korean government agencies confirmed on the 20th that digital assets held in personal wallets and overseas exchanges will be subject to taxation if income is generated, according to response materials to a query by People Power Party lawmaker Kim Sang-hoon. The Ministry of Economy and

South Korea's Ministry of Economy and Finance and National Tax Service announced on August 20 that digital assets held in personal wallets and overseas exchanges are subject to taxation if they generate income through transfer or lending activities. The taxation will be classified as