According to PANews, South Korea's Financial Services Commission (FSS) is set to introduce new measures aimed at preventing significant price fluctuations of cryptocurrencies after they are listed on exchanges. This decision follows the notable price volatility observed with the Movement (MOVE) token, which was launched in December. The FSS is collaborating with cryptocurrency exchanges, the Digital Asset Exchange Alliance (DAXA), and external experts to form a dedicated task force. This group is tasked with developing best practices for self-regulation. These measures are intended to address regulatory gaps until the second phase of cryptocurrency legislation is enacted and implemented.

Odaily Planet Daily News Hitachi Ventures, a subsidiary of Hitachi Group, announced that its fourth fund has completed $400 million in fundraising, bringing its total asset management scale to $1 billion. The new funds will support Series A startups with digital technology and will focus on innovative fields such as AI and deep technology. Hitachi Ventures launched a $300 million investment fund Corporate Venture Capital Fund in 2023, focusing on investing in startups that shape digital trends such as Web3, blockchain, and generative AI. (Vestbee)

Odaily Planet Daily News Coinbase CEO Brian Armstrong said in a post on X: "If you think of Coinbase as a bank, we now hold about $0.42 trillion in assets for our customers, which will make us the 21st largest bank in the United States by total assets, and it's still growing. If you think of us as a brokerage firm, we would now be the eighth largest brokerage firm by AUM. If you think of us as a payment company... Honestly, I'm not sure where we rank on that list. There are multiple ways to measure it, but last year the total amount of stablecoin payments was about $30 trillion (but not all of them are goods and services). The point is that for cryptocurrencies, the boundaries between these categories are blurring. In the traditional financial system, there are many legacy reasons to separate them, but not all of them are good reasons. Why does the money you spend depreciate instead of appreciating like an investment? Why can't your checking account earn income like a savings account (or better yet, like a short-term Treasury bond)? Many people use Coinbase for investment, but also for consumption, getting loans, etc. In the updated financial system, you will have a single main financial account that can provide all of these functions. Over time, global GDP A greater percentage of will run on more efficient crypto rails. We will have sound money, lower transaction friction, and greater economic freedom.”

Scammers have been connecting to Phantom wallets in an attempt to lure users with a fake update extension signature request. source: https://cointelegraph.com/news/phantom-wallet-users-targeted-fake-update-phishing-attack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Odaily Planet Daily News Dubai blockchain cloud gaming infrastructure company The Game Company (TCG) has completed a $10 million equity and token round of financing, with Telcoin and its CEO Paul Neuner, BullPerks, NodeMarket, HyperCycle and Singularity DAO participating. The company said that in the past two years it has built a platform that can be used to play any game on any device in the world through a PC or console, and uses its proprietary ultra-low latency cloud technology to provide high-performance games. The Game Company has piloted the system with several early adopters. In September 2024, TGC announced a strategic partnership with Aethir, a GPU-based decentralized computing infrastructure provider. It has since joined Google and Microsoft's startup programs. The company said its goal is to deploy its native token and publicly launch the product later this year. The new funds will be used to enhance the platform and integrate Web3 and Web2 ecosystems. TGC raised $5 million in April 2023, with a post-money valuation of $40 million, and also raised $7.5 million through token sales. (Venture Beat)

According to a recent CryptoQuant Research post, Bitcoin (BTC) network activity has slumped to a 12-month low, with CryptoQuant’s Bitcoin Network Activity Index currently at its lowest level since February 2024. Bitcoin Network Activity Drops As Market Consolidates Data from CryptoQuant’s Bitcoin Network Activity Index shows that activity has declined by 15% from its peak in November 2024. As... source: https://www.newsbtc.com/bitcoin-news/bitcoin-network-activity-slumps-to-one-year-low-is-btc-overpriced/

Odaily Planet Daily News According to the monitoring of on-chain analyst @ai_9684xtpa, a PEPE whale liquidated the last 201.2 billion PEPE 11 hours ago, with a cumulative loss of $1.227 million in three months of holding. The address opened a position of 351.3 billion PEPE at an average price of $0.00001722 during 2024.11-12, and reduced its position by nearly 40% at $0.00002066 a month ago. All positions were liquidated today, with an average selling price of $0.00001413.

According to PANews, Missouri State Representative Ben Keathley has introduced the state's second Bitcoin reserve bill. This legislation aims to allow the state to hold and accept Bitcoin as a means of payment for state government transactions.

Odaily Planet Daily News According to the official announcement, the USD trading area under OKX spot trading will add the following USD trading pairs from 5:00 pm to 6:30 pm (UTC+8) on February 7, 2025: GOAT/USD, CITY/USD, XR/USD, JST/USD, SAFE/USD, GPT/USD, ZETA/USD, DUCK/USD, BANANA/USD, MEME/USD, WIN/USD, RADAR/USD, PIXEL/USD, VELODROME/USD, ACH/USD.

Odaily Planet Daily News Missouri Congressman Ben Keathley proposed the state's second Bitcoin reserve bill, proposing to allow the state to hold and accept Bitcoin payments.

Animoca Brands is considering Hong Kong for its upcoming IPO due to the city’s growing digital asset sector. Despite a drop in valuation from $5.9 billion to between $1.5 billion and $3 billion, the company is focused on expanding and has yet to set a firm IPO timeline.