The crypto market is filled with mixed bullish and bearish news, leading to increased market polarization📰

1. Risk Warning: Algorithm Stablecoin MSUSD Experiences Major Depegging, Plunges 64.1% in One Day

Algorithm stablecoin MSUSD collapsed today, with the current price at only $0.36, a 64.1% drop over 24 hours, completely losing its peg to $1.
The project team claimed assets are fully backed, but the third-party reserve proof page has been shut down, making real-time verification impossible, causing market confidence to collapse entirely.

Cautionary Reminder

Algorithm stablecoins do not have full backing by hard assets and are highly dependent on market consensus. Once capital exits, they are prone to deep depegging. Ordinary investors should avoid such high-risk stablecoins and prioritize mainstream fully collateralized stablecoins for safety.

2. Policy Favor: 58k People in South Korea Petition to Abolish Cryptocurrency Tax, Submission to Parliament Imminent

South Korea’s crypto market received a major positive signal: a national petition to abolish virtual asset taxation has garnered support from over 58k citizens.
According to local regulations, after the petition is transferred to the committee for 30 days, it will be officially submitted to Parliament for review.
As a major crypto trading hub in Asia, if crypto-related tax policies are relaxed, it will directly stimulate domestic trading demand, attract incremental market funds, and provide medium- to long-term sentiment support for the market.

3. Macro Trends: U.S. High-Level Officials Release Two Contradictory Economic Views

1. Vice President Harris stated: plans to establish a national sovereign wealth fund, with government holdings in leading AI giants, to curb tech monopolies and tighten regulations;
2. Elon Musk proposed a future deflation response: direct cash distribution to the public, with easing expectations benefiting risk assets.
These opposing views create hedging dynamics, and the future direction of Federal Reserve liquidity and fiscal policy will continue to influence the crypto market cycle. Macro factors remain the core variables affecting the trend.

Market Summary

Today’s market news is mixed:
Bearish side reveals the huge risk of zeroing out for algorithm stablecoins, warning investors to avoid niche tokens;
Bullish side sees the Korean tax petition as a policy easing signal;
On the macro level, conflicting views cause short-term volatility, with the trend likely to remain in a sideways pattern, making large upward or downward moves difficult.

⚠️Risk Reminder: This information is for objective market analysis only and does not constitute any investment advice. Niche altcoins and algorithm stablecoins carry extremely high risks. Please control your positions carefully and participate cautiously. #美伊谈判推迟 #我的Gate交易时刻 #TradFiCFD黄金大师赛 @Gate Live $BTC $GT $ETH