South Korea’s FSC nominee, Lee Eok-won, sparked controversy by calling cryptocurrencies worthless and warning against pension fund investments. Critics say his stance ignores crypto’s real economic value and risks driving investment and talent abroad.
AnaisSouth Korea dismantled an international hacking ring that stole 39 billion won from celebrities and executives, including BTS’s Jungkook. Sixteen suspects were arrested, two ringleaders caught in Bangkok, and 12.8 billion won has been recovered.
WeatherlyRaoul Pal predicted that the number of crypto users could reach four billion by 2030, with the market potentially hitting $100 trillion by 2032. He based this on wallet growth compared to early internet adoption, though critics say wallet counts may overstate real usage.
AnaisThailand will exempt all crypto gains from tax until the end of 2029 to attract investors and boost digital trading. The country is also launching the G-Token digital government bond and testing crypto payments, aiming to grow its blockchain and fintech sector.
WeatherlyThe Trump family’s WLFI and USD1 crypto tokens have launched on major Korean exchanges, drawing strong public interest. WLFI’s price showed high volatility, highlighting market uncertainty and the project’s heavy reliance on the Trump brand.
AnaisCoinbase will launch a new futures contract on 22 September that mixes the “Magnificent 7” tech stocks with Bitcoin and Ethereum ETFs plus its own shares. The product starts with institutional traders and aims to link traditional markets with crypto in one basket.
WeatherlyKevin Spacey has returned to directing with The Portal of Force, a $10 million sci-fi film that premiered its trailer at the Venice Film Festival. The project has drawn controversy due to the involvement of Vladimir Okhotnikov, a Russian entrepreneur facing US fraud charges linked to a $340 million crypto scheme.
AnaisMalaysian authorities have summoned TikTok’s top management over slow responses to false information and complaints about TikTok Shop orders. The meeting will also address harmful content, signalling that social media platforms must cooperate quickly with local law enforcement.
WeatherlyOKX has been fined €2.25 million ($2.6 million) by the Dutch central bank for offering crypto services in the Netherlands without proper registration. The company said the issue is a resolved legacy matter and that all Dutch customers are now using its fully licensed European entity.
AnaisThe SEC and CFTC have launched a joint initiative to let registered U.S. exchanges offer spot crypto trading. They will provide guidance and review applications to ensure platforms comply with existing regulations.
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