Crypto Markets & On-Chain Ecosystem Developments

South Korea's Ministry of Economy and Finance announced enforcement decree amendments to the Foreign Exchange Transactions Act on the 7th, introducing registration and reporting requirements for cross-border virtual

According to South Korea's Finance Ministry, announced on October 7, the government will strengthen monitoring of cross-border virtual asset transfers and overhaul fintech-based foreign exchange services. The measures, implemented through revisions to the Foreign Exchange Transaction Act

According to Odaily, ether.fi announced a partnership with MoonPay today to migrate its core payment infrastructure to MoonPay's integration stack. The collaboration will enable deposit, in-chain transfers, and withdrawals while maintaining self-custody. Four products will launch: Headless Ramps

According to Financial Times, Hyperliquid Labs confirmed its headquarters is located in Singapore on October 7, with company filings and recent job postings confirming the office presence. However, Singapore's Monetary Authority of Singapore (MAS) stated it does not consider Hyperliquid within its r

OKX launched a consumer finance app that converts more than 50 local currencies into dollar-backed stablecoins and offers card spending through Mastercard's network. The app, called OKX Money, supports USDG, USDC and USDT and allows eligible customers to earn up to 10% annual percentage yield on

Bitcoin has experienced a 32% decline from its all-time high above $126,000 recorded on October 6 last year to current levels around $85,000, according to analysis from CoinDesk on local time. The drawdown represents a significantly smaller correction compared to previous bear market cycles, with hi

Cathie Wood, CEO of Ark Invest, recently reiterated her prediction that Bitcoin will reach $1.5 million by 2030, according to investment media outlet Motley Fool. At current prices of around $85,000, this represents an approximately 1,665% increase, or roughly 17 times the present value. Wood

According to Motley Fool, ARK Invest CEO Cathie Wood reiterated recently that Bitcoin could reach $1.5 million by 2030, representing a potential 1,665% gain from current levels around $85,000. Wood cited institutional investment inflows, evolving regulatory environment, Bitcoin's potential as a

According to CoinTelegraph, former New York Governor Andrew Cuomo urged U.S. Congress on Oct. 6 to pass the Digital Asset Market Clarity Act (CLARITY Act) with bipartisan support. Cuomo stressed that regulatory clarity should not depend on which party controls Washington, calling for the bill to

According to Guru Club, U.S. Senate Republicans formally introduced a cryptocurrency tax bill on October 1.

The National Cryptocurrency Association and The Harris Poll found that more than 33 million Americans plan to buy cryptocurrency this year, according to survey results released in the 2026 Crypto Readiness Report. The survey, conducted between June 24 and July 1 with 2,014 U.S. adults who do not cur

The Russian government tightened cryptocurrency regulation in spring 2026. By fall, the number of legal platforms will decline, the range of available coins will be limited, and all transactions will fall under government oversight. In late March and early April 2026, the government simultaneously approved a package of bills on “digital currency and digital rights,” introduced amendments to the Tax Code expanding the Federal Tax Service’s access to bank card information, and proposed a criminal

According to the National Cryptocurrency Association's 2026 Crypto Readiness Report released on October 6, more than 33 million Americans plan to buy cryptocurrency this year, with six in 10 non-cryptocurrency holders now open to or curious about the asset class. The survey of 2,014 U.S. adults

According to ChainCatcher, NFT and IP company Igloo, Inc. announced the shutdown of its consumer-focused blockchain Abstract, consolidating resources around Pudgy Penguins, Pudgy NFTs, and the PENGU token. The company cited high operating costs for independent blockchains, limited liquidity, a

According to Bitcoin.com News, on October 2, U.S. District Judge Martha M. Pacold ruled that Illinois' sports betting licensing requirements may be preempted by federal law, temporarily blocking the state from enforcing them against Kalshi. The injunction prevents Illinois from requiring Kalshi to o

According to ChainCatcher, Dubai's Virtual Asset Regulatory Authority (VARA) has issued audit guidelines requiring VASPs to maintain reserve assets equal to at least 100% of customer liabilities throughout the review period. VASPs must hold the same virtual assets in a 1:1 ratio and conduct daily re

Maple announced a partnership with IRACE Digital Bank aimed at enhancing institutional cash management capabilities. The collaboration will facilitate fiat settlement and streamline payments between Maple and its institutional clients. According to Maple, this move is essential for developing the ne