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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.

#POLICY
1. EU financial authorities increase coordination in light of MiCA, says EBA chair.
2. Australia’s ASIC sues BPS for alleged misleading statements about Qoin.
3. EU stablecoin caps could lighten or get tougher, French official warns.

#CRYPTOCURRENCY 
1. Ethereum Foundation launch Layer 2 Community Grants 2022.
2. U.S. federal bankruptcy judge approves Celsius' schedule for a possible sale.
3. zkSync development company proposes to deploy Aave V3 to zkSync 2.0 testnet.
4. The number of addresses holding 0.1+ BTC reaches an ATH.
5. Data: Bitcoin Lightning Network capacity exceedes 5,100 BTC, a record high.
6. Ledger co-founder addresses controversial XRP related comment.
7. Celsius accused of misappropriating funds previously raised for Ukraine.
8. Rishi Sunak is appointed by the British King to become the Prime Minister of the United Kingdom.
9. Merit Circle community initiates a proposal named "MIP-20 A 200 Million Merit Circle Token Burn".
10. Cash App adds support for receiving Bitcoin via Lightning Network.

#NFT 
1. NFT royalties may be ‘dwindling,’ Galaxy Digital researcher says.
2. Britain's new Prime Minister: Favors BAYC over Crypto Punks.
3. Nansen adds Polygon NFT data analysis service.
4. Viking Cruises files 16 NFT and Metaverse-related trademark applications.

#DEFI 
1. Lido new community proposal plans to increase utilization of wMATIC Reserve on Aave.
2. Compound unanimously votes to pause activity for 4 cryptocurrencies.
3. The zkSync 2.0 testnet will be reset soon.
4. Ribbon Finance mulls new DeFi lending pools for institutional borrowers.

#FUNDING 
1. Mining data center developer Soluna to raise $2 million in equity.
2. NFT startup AWSt raises $1.7 million in a funding round led by East Ventures.

#METAVERSE
1. Start regulating the metaverse now, researchers tell French leaders.
2. Meta, Microsoft, etc. will build a communication network base for the Metaverse.

#WEB3
1. Web3 wallet Tally now fully supports Arbitrum.
2. Meta and L'Oréal team up on web3 startup accelerator.

#MINING
1. Struggling bitcoin miners are flocking to Maple Finance’s $300M lending pool.

#OTHER
1. Musk: Twitter should be as broadly inclusive as possible, serving as a fair forum.
2. Mastercard and BitOasis sign strategic partnership to launch crypto-linked cards.
3. Rishi Sunak is appointed by the British King to become the Prime Minister of the United Kingdom.

Detail

【Huobi Global Daily】#POLICY
1. EU financial authorities increase coordination in light of MiCA, says EBA chair.
2. Australia’s ASIC sues BPS for alleged misleading statements about Qoin.
3. EU stablecoin caps could lighten or get tougher, French official warns.

#CRYPTOCURRENCY 
1. Ethereum Foundation launch Layer 2 Community Grants 2022.
2. U.S. federal bankruptcy judge approves Celsius' schedule for a possible sale.
3. zkSync development company proposes to deploy Aave V3 to zkSync 2.0 testnet.
4. The number of addresses holding 0.1+ BTC reaches an ATH.
5. Data: Bitcoin Lightning Network capacity exceedes 5,100 BTC, a record high.
6. Ledger co-founder addresses controversial XRP related comment.
7. Celsius accused of misappropriating funds previously raised for Ukraine.
8. Rishi Sunak is appointed by the British King to become the Prime Minister of the United Kingdom.
9. Merit Circle community initiates a proposal named "MIP-20 A 200 Million Merit Circle Token Burn".
10. Cash App adds support for receiving Bitcoin via Lightning Network.

#NFT 
1. NFT royalties may be ‘dwindling,’ Galaxy Digital researcher says.
2. Britain's new Prime Minister: Favors BAYC over Crypto Punks.
3. Nansen adds Polygon NFT data analysis service.
4. Viking Cruises files 16 NFT and Metaverse-related trademark applications.

#DEFI 
1. Lido new community proposal plans to increase utilization of wMATIC Reserve on Aave.
2. Compound unanimously votes to pause activity for 4 cryptocurrencies.
3. The zkSync 2.0 testnet will be reset soon.
4. Ribbon Finance mulls new DeFi lending pools for institutional borrowers.

#FUNDING 
1. Mining data center developer Soluna to raise $2 million in equity.
2. NFT startup AWSt raises $1.7 million in a funding round led by East Ventures.

#METAVERSE
1. Start regulating the metaverse now, researchers tell French leaders.
2. Meta, Microsoft, etc. will build a communication network base for the Metaverse.

#WEB3
1. Web3 wallet Tally now fully supports Arbitrum.
2. Meta and L'Oréal team up on web3 startup accelerator.

#MINING
1. Struggling bitcoin miners are flocking to Maple Finance’s $300M lending pool.

#OTHER
1. Musk: Twitter should be as broadly inclusive as possible, serving as a fair forum.
2. Mastercard and BitOasis sign strategic partnership to launch crypto-linked cards.
3. Rishi Sunak is appointed by the British King to become the Prime Minister of the United Kingdom.

Huobi Global Daily

『Action!』 WORLD hold the breath |0228 Middle East

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Banking Giant Barclays Considers Blockchain Payment Platform – Details

My 24 Hours Under Bombardment in Dubai

Full Recap: US-Israel Joint Airstrike on Iran, Retaliatory Actions Impact the Entire Middle East, Prediction Markets Surge Again

Binance Liquidity Supply Revisits 2024 Levels As Tradable BTC Rises — Details

Huobi Global Daily

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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