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The Financial Services Commission of South Korea is drafting the "Corporate Virtual Currency Trading Guidelines," which may exclude stablecoins from the allowed investment scope. The guidelines will outline the standards for listed companies and registered professional investment firms to trade digital assets for investment or financial purposes. To prevent blind investment in the early market, regulators have decided to exclude US dollar-denominated stablecoins (such as Tether (USDT) and USD Coin (USDC)) from the permitted investment scope.

[South Korea may ban companies from investing in stablecoins.]The Financial Services Commission of South Korea is drafting the "Corporate Virtual Currency Trading Guidelines," which may exclude stablecoins from the allowed investment scope. The guidelines will outline the standards for listed companies and registered professional investment firms to trade digital assets for investment or financial purposes. To prevent blind investment in the early market, regulators have decided to exclude US dollar-denominated stablecoins (such as Tether (USDT) and USD Coin (USDC)) from the permitted investment scope.

South Korea may ban companies from investing in stablecoins.

&nbsp;according to official news from Kite AI, Ehsan Yousefzadeh, former head of AI payments at PayPal, has officially joined Kite as Head of Product. Ehsan previously served as Senior Director and Head of Product for PayPal AI, leading the development of intelligent commerce, intelligent payment protocols, and native AI agents for PayPal and Venmo.

[Former PayPal AI payments lead joins Kite team as product lead]&nbsp;according to official news from Kite AI, Ehsan Yousefzadeh, former head of AI payments at PayPal, has officially joined Kite as Head of Product. Ehsan previously served as Senior Director and Head of Product for PayPal AI, leading the development of intelligent commerce, intelligent payment protocols, and native AI agents for PayPal and Venmo.

Former PayPal AI payments lead joins Kite team as product lead

according to Cointelegraph, the market value of tokenized euros has just surpassed 1 billion USD.

[The market capitalization of tokenized euros surpasses $1 billion.]according to Cointelegraph, the market value of tokenized euros has just surpassed 1 billion USD.

The market capitalization of tokenized euros surpasses $1 billion.

&nbsp;CryptoQuant analyst Axel posted on the X platform stating that Bitcoin may currently have entered the mid-stage of this bear market cycle. The NUPL–MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms usually appear around the 0.5 range. The chart shows an upward trend at the start of the bear market cycle, indicating that extreme selling is easing, but the indicator is still far above the historical bottom area, meaning a full market sell-off has not yet been confirmed.

[CryptoQuant analyst: Extreme selling has subsided, Bitcoin may be entering the middle of a bear market.]&nbsp;CryptoQuant analyst Axel posted on the X platform stating that Bitcoin may currently have entered the mid-stage of this bear market cycle. The NUPL–MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms usually appear around the 0.5 range. The chart shows an upward trend at the start of the bear market cycle, indicating that extreme selling is easing, but the indicator is still far above the historical bottom area, meaning a full market sell-off has not yet been confirmed.

CryptoQuant analyst: Extreme selling has subsided, Bitcoin may be entering the middle of a bear market.

robo Surges 10.16% in 24H, Currently at 0.042988 USDT

【robo currently trades at 0.042988 USDT, up 10.16% in 24h, according to HTX market data.】robo Surges 10.16% in 24H, Currently at 0.042988 USDT

robo currently trades at 0.042988 USDT, up 10.16% in 24h, according to HTX market data.

&nbsp;at the Morgan Stanley Technology Conference, NVIDIA CEO Jensen Huang made a major assertion: in the future, all software will be fully "intelligent agents," and the traditional software licensing model will evolve into "Token leasing." Huang emphasized that future software will never be "dumb," and every software company will inevitably transform into an intelligent agent company. To achieve this goal, companies will combine self-fine-tuned open-source large models with ready-made closed-source large models to promote software toward fully automated operation. Huang pointed out that future software companies will no longer rely solely on traditional software license profits but will shift to renting out "professional intelligent agents" to complete specific tasks for clients, thus becoming much larger in scale. The core revenue model of future software companies will become leasing Tokens, similar to how companies currently employ full-time staff and outsourced personnel to collaborate; future systems will also flexibly utilize proprietary models and leased models to efficiently complete tasks. (Zhitong Finance)

[Jensen Huang predicts: All software will become intelligent agents.]&nbsp;at the Morgan Stanley Technology Conference, NVIDIA CEO Jensen Huang made a major assertion: in the future, all software will be fully "intelligent agents," and the traditional software licensing model will evolve into "Token leasing." Huang emphasized that future software will never be "dumb," and every software company will inevitably transform into an intelligent agent company. To achieve this goal, companies will combine self-fine-tuned open-source large models with ready-made closed-source large models to promote software toward fully automated operation. Huang pointed out that future software companies will no longer rely solely on traditional software license profits but will shift to renting out "professional intelligent agents" to complete specific tasks for clients, thus becoming much larger in scale. The core revenue model of future software companies will become leasing Tokens, similar to how companies currently employ full-time staff and outsourced personnel to collaborate; future systems will also flexibly utilize proprietary models and leased models to efficiently complete tasks. (Zhitong Finance)

Jensen Huang predicts: All software will become intelligent agents.

according to Santiment data, after Bitcoin fell below $70,000, retail investors are buying heavily; however, judging from the behavior of whales, if historical patterns repeat, there is still room for further price decline.

[Santiment: Retail investors continue to add to their positions below $70,000, suggesting the Bitcoin pullback may not be over yet.]according to Santiment data, after Bitcoin fell below $70,000, retail investors are buying heavily; however, judging from the behavior of whales, if historical patterns repeat, there is still room for further price decline.

Santiment: Retail investors continue to add to their positions below $70,000, suggesting the Bitcoin pullback may not be over yet.

&nbsp;after Bitcoin surged to $74,000 on Wednesday, it fell about 3.4% to around $68,000 on Saturday, continuing the recent weekend sell-off pattern within a narrow trading range.

[Glassnode: Approximately 43% of Bitcoin supply is operating at a loss; the US dollar recorded its biggest weekly gain in a year.]&nbsp;after Bitcoin surged to $74,000 on Wednesday, it fell about 3.4% to around $68,000 on Saturday, continuing the recent weekend sell-off pattern within a narrow trading range.

Glassnode: Approximately 43% of Bitcoin supply is operating at a loss; the US dollar recorded its biggest weekly gain in a year.

&nbsp;according to Reuters, U.S. Democratic Senator Mark Kelly proposed on Friday local time to suspend the federal gasoline tax of 18.4 cents per gallon until October 1st, to help Americans facing rising oil prices due to the U.S.-Iran conflict. According to data from AAA, a U.S. travel organization tracking fuel prices, nationwide gasoline prices increased by 35 cents in the past week, reaching an average of $3.32 per gallon. Political analysts say the continued rise in gasoline prices may be unfavorable to Trump's Republican colleagues in the November midterm elections, as they strive to maintain the majority in Congress. Kelly plans to submit this bill to the Senate next week. Once passed, the U.S. Treasury will be responsible for overseeing the implementation of the tax suspension, ensuring that the saved tax fees are truly used to reduce gasoline prices, benefiting consumers.

[U.S. Senator Kelly proposed suspending the federal gasoline tax until October 1st.]&nbsp;according to Reuters, U.S. Democratic Senator Mark Kelly proposed on Friday local time to suspend the federal gasoline tax of 18.4 cents per gallon until October 1st, to help Americans facing rising oil prices due to the U.S.-Iran conflict. According to data from AAA, a U.S. travel organization tracking fuel prices, nationwide gasoline prices increased by 35 cents in the past week, reaching an average of $3.32 per gallon. Political analysts say the continued rise in gasoline prices may be unfavorable to Trump's Republican colleagues in the November midterm elections, as they strive to maintain the majority in Congress. Kelly plans to submit this bill to the Senate next week. Once passed, the U.S. Treasury will be responsible for overseeing the implementation of the tax suspension, ensuring that the saved tax fees are truly used to reduce gasoline prices, benefiting consumers.

U.S. Senator Kelly proposed suspending the federal gasoline tax until October 1st.

According to Coindesk, cryptocurrency markets have displayed resilience in the face of recent upheaval in the U.S. banking system, with bitcoin (BTC) in particular outperforming, crypto exchange Coinbase said in a research report Friday. Coinbase noted that bitcoin has outperformed other assets since the middle of February, with the cryptocurrency’s dominance as a percentage of total crypto market cap increasing to 47.7% from 43.9% during March. The outperformance accelerated early in the month, which coincided with the onset of the U.S. banking system turmoil, Coinbase said. “Part of the reason is that the stress in the banking system reinforced bitcoin’s store-of-value properties,” the report stated, and because BTC mainly exists outside of the traditional financial system “it offers a hedge against current conditions.” It has also benefited from investor concerns about the regulatory status of other cryptocurrencies, analysts David Duong and Brian Cubellis wrote. Bitcoin’s correlation to the S&P 500 stock index dropped to 25% at the end of March from a peak of 70% in May last year, the analysts wrote.

Detail

【U.S. banking system turmoil has spurred bitcoin outperformance: Coinbase】According to Coindesk, cryptocurrency markets have displayed resilience in the face of recent upheaval in the U.S. banking system, with bitcoin (BTC) in particular outperforming, crypto exchange Coinbase said in a research report Friday. Coinbase noted that bitcoin has outperformed other assets since the middle of February, with the cryptocurrency’s dominance as a percentage of total crypto market cap increasing to 47.7% from 43.9% during March. The outperformance accelerated early in the month, which coincided with the onset of the U.S. banking system turmoil, Coinbase said. “Part of the reason is that the stress in the banking system reinforced bitcoin’s store-of-value properties,” the report stated, and because BTC mainly exists outside of the traditional financial system “it offers a hedge against current conditions.” It has also benefited from investor concerns about the regulatory status of other cryptocurrencies, analysts David Duong and Brian Cubellis wrote. Bitcoin’s correlation to the S&P 500 stock index dropped to 25% at the end of March from a peak of 70% in May last year, the analysts wrote.

U.S. banking system turmoil has spurred bitcoin outperformance: Coinbase

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U.S. banking system turmoil has spurred bitcoin outperformance: Coinbase

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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