[South Korea tax agency to build 100-blockchain tracking network ahead of crypto tax]
South Korea’s National Tax Service is accelerating the buildout of a transaction-tracking network ahead of virtual asset taxation next year, Seoul Economy reported in an exclusive.
According to the report, citing financial industry sources on Oct. 2, the National Tax Service plans to equip its integrated virtual asset analysis system, which is being built by the end of this year, with a function that can automatically trace transactions across more than 100 blockchains. The agency also plans to track mixing transactions designed to obscure fund flows by blending multiple users’ cryptocurrencies. In addition, it plans to add features that can reverse-analyze mixed transactions and automatically detect suspicious activity, including splitting crypto across multiple wallets or moving it repeatedly.
https://coinness.com/en/news/1170599
See more: https://www.sedaily.com/article/20097659?ref=naver
South Korea’s National Tax Service is accelerating the buildout of a transaction-tracking network ahead of virtual asset taxation next year, Seoul Economy reported in an exclusive.
According to the report, citing financial industry sources on Oct. 2, the National Tax Service plans to equip its integrated virtual asset analysis system, which is being built by the end of this year, with a function that can automatically trace transactions across more than 100 blockchains. The agency also plans to track mixing transactions designed to obscure fund flows by blending multiple users’ cryptocurrencies. In addition, it plans to add features that can reverse-analyze mixed transactions and automatically detect suspicious activity, including splitting crypto across multiple wallets or moving it repeatedly.
https://coinness.com/en/news/1170599
See more: https://www.sedaily.com/article/20097659?ref=naver
CoinNess
South Korea tax agency to build 100-blockchain tracking network ahead of crypto tax - CoinNess
South Korea’s National Tax Service is accelerating the buildout of a transaction-tracking network ahead of virtual asset taxation next year, Seoul Economy rep...
[Trader Killa says BTC trend reversal is clear, sees $82.5K as key floor]
Crypto trader Killa said on X that BTC is showing a clear trend reversal, while the market still appears skeptical of the rally despite those signals.
Killa said any price pullback should be bought quickly and aggressively. Killa added that during the 2023 bull market, breaks below major lows were capped at as much as 8%, with some limited to 4% to 5% before the uptrend resumed. Using $82,500 as the current key low, Killa said further downside may also remain limited, while adding that leverage should be kept low and risk should be managed.
https://coinness.com/en/news/1170600
Crypto trader Killa said on X that BTC is showing a clear trend reversal, while the market still appears skeptical of the rally despite those signals.
Killa said any price pullback should be bought quickly and aggressively. Killa added that during the 2023 bull market, breaks below major lows were capped at as much as 8%, with some limited to 4% to 5% before the uptrend resumed. Using $82,500 as the current key low, Killa said further downside may also remain limited, while adding that leverage should be kept low and risk should be managed.
https://coinness.com/en/news/1170600
CoinNess
Trader Killa says BTC trend reversal is clear, sees $82.5K as key floor - CoinNess
Crypto trader Killa said on X that BTC is showing a clear trend reversal, while the market still appears skeptical of the rally despite those signals. Killa sa...
[South Korea’s five biggest exchanges cut balance checks to under 5 minutes]
South Korea’s five largest won-based exchanges are now reconciling actual crypto holdings against internal ledger balances at intervals of under five minutes, Financial News reported on Oct. 2, citing data submitted by South Korea’s Financial Supervisory Service to the office of Democratic Party lawmaker Kang Jun-hyun.
At the time of Bithumb’s mistaken Bitcoin payout incident in February, three of the five exchanges were conducting reconciliations only once a day, but the system was strengthened after South Korean financial authorities ordered the establishment of an always-on balance reconciliation framework.
https://coinness.com/en/news/1170601
See more: https://www.fnnews.com/news/202610021616095897
South Korea’s five largest won-based exchanges are now reconciling actual crypto holdings against internal ledger balances at intervals of under five minutes, Financial News reported on Oct. 2, citing data submitted by South Korea’s Financial Supervisory Service to the office of Democratic Party lawmaker Kang Jun-hyun.
At the time of Bithumb’s mistaken Bitcoin payout incident in February, three of the five exchanges were conducting reconciliations only once a day, but the system was strengthened after South Korean financial authorities ordered the establishment of an always-on balance reconciliation framework.
https://coinness.com/en/news/1170601
See more: https://www.fnnews.com/news/202610021616095897
CoinNess
South Korea’s five biggest exchanges cut balance checks to under 5 minutes - CoinNess
South Korea’s five largest won-based exchanges are now reconciling actual crypto holdings against internal ledger balances at intervals of under five minutes,...
[Bithumb to delist D and HOOK on Nov. 2]
South Korean exchange Bithumb announced it will end trading support for DAR Open Network (D) and Hooked Protocol (HOOK) at 6:00 a.m. UTC on Nov. 2.
The exchange said the foundations’ explanatory materials did not sufficiently resolve the reasons for the investment warning designation, and after a comprehensive review of the projects’ disclosures, utility and business performance, it decided they no longer met its standards for maintaining trading support.
https://coinness.com/en/news/1170602
South Korean exchange Bithumb announced it will end trading support for DAR Open Network (D) and Hooked Protocol (HOOK) at 6:00 a.m. UTC on Nov. 2.
The exchange said the foundations’ explanatory materials did not sufficiently resolve the reasons for the investment warning designation, and after a comprehensive review of the projects’ disclosures, utility and business performance, it decided they no longer met its standards for maintaining trading support.
https://coinness.com/en/news/1170602
CoinNess
Bithumb to delist D and HOOK on Nov. 2 - CoinNess
South Korean exchange Bithumb announced it will end trading support for DAR Open Network (D) and Hooked Protocol (HOOK) at 6:00 a.m. UTC on Nov. 2. The exchang...
[SMBC Nikko starts work on compliant DeFi infrastructure for Japanese investors]
SMBC Nikko Securities said it will develop regulatory-compliant DeFi infrastructure for Japanese investors with Nethermind, an Ethereum core developer. Uniswap Labs, Base and the Nyx Foundation will also take part.
The group plans to build a "DeFi Gateway" consisting of a liquidity provision protocol and proprietary liquidity pools. Its main tasks include developing AI-based agent vaults and interfaces, applying AML/CFT and investor protection features through Uniswap v4 hooks, and creating liquidity provision strategies for digital assets such as stablecoins and real-world assets, or RWA. The project is targeted for completion by mid-2027.
https://coinness.com/en/news/1170603
SMBC Nikko Securities said it will develop regulatory-compliant DeFi infrastructure for Japanese investors with Nethermind, an Ethereum core developer. Uniswap Labs, Base and the Nyx Foundation will also take part.
The group plans to build a "DeFi Gateway" consisting of a liquidity provision protocol and proprietary liquidity pools. Its main tasks include developing AI-based agent vaults and interfaces, applying AML/CFT and investor protection features through Uniswap v4 hooks, and creating liquidity provision strategies for digital assets such as stablecoins and real-world assets, or RWA. The project is targeted for completion by mid-2027.
https://coinness.com/en/news/1170603
[Bitcoin futures buying pressure hits highest since Aug. 19]
Bitcoin futures buying pressure rose to 4.9, the highest level since Aug. 19, while open interest in futures contracts increased by about 9,000 BTC over the past 24 hours, on-chain analyst Axel Adler Jr. said.
Even if upside momentum slows, Adler said the uptrend could continue if Bitcoin holds above $85,000. He added that a drop below $83,000 could trigger liquidations in newly opened long positions and deepen losses.
https://coinness.com/en/news/1170604
Bitcoin futures buying pressure rose to 4.9, the highest level since Aug. 19, while open interest in futures contracts increased by about 9,000 BTC over the past 24 hours, on-chain analyst Axel Adler Jr. said.
Even if upside momentum slows, Adler said the uptrend could continue if Bitcoin holds above $85,000. He added that a drop below $83,000 could trigger liquidations in newly opened long positions and deepen losses.
https://coinness.com/en/news/1170604
CoinNess
Bitcoin futures buying pressure hits highest since Aug. 19 - CoinNess
Bitcoin futures buying pressure rose to 4.9, the highest level since Aug. 19, while open interest in futures contracts increased by about 9,000 BTC over the pas...
[ECB outlines three onchain settlement models for tokenized assets]
The European Central Bank has outlined three ways to use central bank money on blockchain-based networks, The Block reported. The options are direct issuance by the central bank, a bridge linking existing systems, and a model using private intermediaries. The proposals are aimed at enabling tokenized securities, deposits and stablecoins traded on blockchain networks to be settled in central bank money.
https://coinness.com/en/news/1170605
The European Central Bank has outlined three ways to use central bank money on blockchain-based networks, The Block reported. The options are direct issuance by the central bank, a bridge linking existing systems, and a model using private intermediaries. The proposals are aimed at enabling tokenized securities, deposits and stablecoins traded on blockchain networks to be settled in central bank money.
https://coinness.com/en/news/1170605
CoinNess
ECB outlines three onchain settlement models for tokenized assets - CoinNess
The European Central Bank has outlined three ways to use central bank money on blockchain-based networks, The Block reported. The options are direct issuance by...
[Hyperliquid set to receive $14.5M for additional HYPE buybacks]
Hyperliquid is expected to receive its first AQAv2 reserve yield distribution, according to Hyperliquid Hub. About 14.5 million USDC generated from USDC reserves could flow into the assistance fund and be used for additional HYPE buybacks.
https://coinness.com/en/news/1170606
Hyperliquid is expected to receive its first AQAv2 reserve yield distribution, according to Hyperliquid Hub. About 14.5 million USDC generated from USDC reserves could flow into the assistance fund and be used for additional HYPE buybacks.
https://coinness.com/en/news/1170606
CoinNess
Hyperliquid set to receive $14.5M for additional HYPE buybacks - CoinNess
Hyperliquid is expected to receive its first AQAv2 reserve yield distribution, according to Hyperliquid Hub. About 14.5 million USDC generated from USDC reserve...
[Optimism unveils major update to Rust-based fault proof system]
Optimism (OP) has unveiled a major update to its Rust-based fault proof system, focused on improving consistency so data derivation and proof execution produce the same results as other components of the OP Stack.
https://coinness.com/en/news/1170607
Optimism (OP) has unveiled a major update to its Rust-based fault proof system, focused on improving consistency so data derivation and proof execution produce the same results as other components of the OP Stack.
https://coinness.com/en/news/1170607
CoinNess
Optimism unveils major update to Rust-based fault proof system - CoinNess
Optimism (OP) has unveiled a major update to its Rust-based fault proof system, focused on improving consistency so data derivation and proof execution produce ...
[Aptos deploys private validator hotfix on testnet]
Aptos deployed a new validator hotfix on its testnet. The “Aptos Node V1.49.2 Hotfix,” released on Oct. 1, is a private hotfix, and Aptos has not disclosed the source code. Instead, it instructed node operators to use the attached binary or Docker image.
https://coinness.com/en/news/1170608
Aptos deployed a new validator hotfix on its testnet. The “Aptos Node V1.49.2 Hotfix,” released on Oct. 1, is a private hotfix, and Aptos has not disclosed the source code. Instead, it instructed node operators to use the attached binary or Docker image.
https://coinness.com/en/news/1170608
CoinNess
Aptos deploys private validator hotfix on testnet - CoinNess
Aptos deployed a new validator hotfix on its testnet. The “Aptos Node V1.49.2 Hotfix,” released on Oct. 1, is a private hotfix, and Aptos has not disclosed ...
[Aave V4 tops $1B in deposits as lending reaches about $310M]
Aave V4 topped $1 billion in deposits for the first time in September, while lending volume grew to about $310 million. Aave also expanded into an institutional market built around stablecoins and a market for tokenized stocks, and deployed its protocol on Circle’s ARC and Base.
https://coinness.com/en/news/1170609
Aave V4 topped $1 billion in deposits for the first time in September, while lending volume grew to about $310 million. Aave also expanded into an institutional market built around stablecoins and a market for tokenized stocks, and deployed its protocol on Circle’s ARC and Base.
https://coinness.com/en/news/1170609
CoinNess
Aave V4 tops $1B in deposits as lending reaches about $310M - CoinNess
Aave V4 topped $1 billion in deposits for the first time in September, while lending volume grew to about $310 million. Aave also expanded into an institutional...
[Polygon launches stablecoin-based euro-dollar exchange pool]
Polygon has launched a stablecoin-based euro-dollar exchange pool that is not tied to traditional bank foreign-exchange market hours.
Monerium, Frax and Capa launched the EURe/frxUSD trading pair on Uniswap V3, enabling direct swaps between regulated euro liquidity and dollar-denominated stablecoin liquidity in Polygon-based applications.
https://coinness.com/en/news/1170610
Polygon has launched a stablecoin-based euro-dollar exchange pool that is not tied to traditional bank foreign-exchange market hours.
Monerium, Frax and Capa launched the EURe/frxUSD trading pair on Uniswap V3, enabling direct swaps between regulated euro liquidity and dollar-denominated stablecoin liquidity in Polygon-based applications.
https://coinness.com/en/news/1170610
CoinNess
Polygon launches stablecoin-based euro-dollar exchange pool - CoinNess
Polygon has launched a stablecoin-based euro-dollar exchange pool that is not tied to traditional bank foreign-exchange market hours. Monerium, Frax and Capa l...
[Utexo to issue USDT on Bitcoin network this month]
Software company Utexo plans to issue USDT on the Bitcoin network this month, CoinDesk reported. Utexo has secured a commercial license for Bitcoin-based USDT issuance and plans to provide APIs, SDKs and cloud infrastructure to exchanges, wallets and payment service providers. The company had previously entered into a partnership with Tether and said it would lead USDT issuance and distribution on the Bitcoin network.
https://coinness.com/en/news/1170611
Software company Utexo plans to issue USDT on the Bitcoin network this month, CoinDesk reported. Utexo has secured a commercial license for Bitcoin-based USDT issuance and plans to provide APIs, SDKs and cloud infrastructure to exchanges, wallets and payment service providers. The company had previously entered into a partnership with Tether and said it would lead USDT issuance and distribution on the Bitcoin network.
https://coinness.com/en/news/1170611
[Citi raises Strategy target to $240, lifts 12-month BTC forecast]
Citi raised its target price on Strategy (MSTR) to $240 from $136 and maintained a Buy rating after increasing its 12-month Bitcoin price forecast by 39% to $113,400, Walter Bloomberg reported.
Citi estimated about 34 percentage points of the target-price increase would come from Bitcoin’s price gains, while an additional 16 percentage points would be driven by an expansion in mNAV, or market value relative to net asset value. Citi also raised its Bitcoin Yield Multiple for Strategy to 4.0x from 2.5x and, based on that change, assumed an mNAV of 1.24x.
https://coinness.com/en/news/1170612
Citi raised its target price on Strategy (MSTR) to $240 from $136 and maintained a Buy rating after increasing its 12-month Bitcoin price forecast by 39% to $113,400, Walter Bloomberg reported.
Citi estimated about 34 percentage points of the target-price increase would come from Bitcoin’s price gains, while an additional 16 percentage points would be driven by an expansion in mNAV, or market value relative to net asset value. Citi also raised its Bitcoin Yield Multiple for Strategy to 4.0x from 2.5x and, based on that change, assumed an mNAV of 1.24x.
https://coinness.com/en/news/1170612
CoinNess
Citi raises Strategy target to $240, lifts 12-month BTC forecast - CoinNess
Citi raised its target price on Strategy (MSTR) to $240 from $136 and maintained a Buy rating after increasing its 12-month Bitcoin price forecast by 39% to $11...
[Suspected Aave team address sold $8M in AAVE over past week]
A suspected Aave team-linked address sold 50,000 AAVE on-chain over the past week, worth a total of $8 million, AmberCN said. The address currently holds 30,000 AAVE, valued at $5.5 million.
https://coinness.com/en/news/1170613
A suspected Aave team-linked address sold 50,000 AAVE on-chain over the past week, worth a total of $8 million, AmberCN said. The address currently holds 30,000 AAVE, valued at $5.5 million.
https://coinness.com/en/news/1170613
CoinNess
Suspected Aave team address sold $8M in AAVE over past week - CoinNess
A suspected Aave team-linked address sold 50,000 AAVE on-chain over the past week, worth a total of $8 million, AmberCN said. The address currently holds 30,000...
[Forward Industries adds 949,000 SOL, bringing holdings to 8.5 million]
Forward Industries, the largest corporate accumulator of Solana, said it bought an additional 949,000 SOL over the past quarter, raising its total holdings to 8.5 million SOL. The amount is equal to about 1.4% of SOL’s circulating supply.
https://coinness.com/en/news/1170614
Forward Industries, the largest corporate accumulator of Solana, said it bought an additional 949,000 SOL over the past quarter, raising its total holdings to 8.5 million SOL. The amount is equal to about 1.4% of SOL’s circulating supply.
https://coinness.com/en/news/1170614
CoinNess
Forward Industries adds 949,000 SOL, bringing holdings to 8.5 million - CoinNess
Forward Industries, the largest corporate accumulator of Solana, said it bought an additional 949,000 SOL over the past quarter, raising its total holdings to 8...
[Copper adds Hyperliquid perpetual futures trading for institutions]
Crypto custody firm Copper has started offering Hyperliquid (HYPE) perpetual futures trading to institutional investors, The Block reported. The service lets clients trade Hyperliquid perpetual futures through Copper while keeping assets secured in Copper’s non-custodial MPC infrastructure.
https://coinness.com/en/news/1170615
Crypto custody firm Copper has started offering Hyperliquid (HYPE) perpetual futures trading to institutional investors, The Block reported. The service lets clients trade Hyperliquid perpetual futures through Copper while keeping assets secured in Copper’s non-custodial MPC infrastructure.
https://coinness.com/en/news/1170615
CoinNess
Copper adds Hyperliquid perpetual futures trading for institutions - CoinNess
Crypto custody firm Copper has started offering Hyperliquid (HYPE) perpetual futures trading to institutional investors, The Block reported. The service lets cl...
[Absa Bank launches Africa’s first institutional-grade crypto custody service]
South African financial institution Absa Bank has launched Africa’s first institutional-grade cryptocurrency custody service, Crypto Briefing reported.
https://coinness.com/en/news/1170616
South African financial institution Absa Bank has launched Africa’s first institutional-grade cryptocurrency custody service, Crypto Briefing reported.
https://coinness.com/en/news/1170616
CoinNess
Absa Bank launches Africa’s first institutional-grade crypto custody service - CoinNess
South African financial institution Absa Bank has launched Africa’s first institutional-grade cryptocurrency custody service, Crypto Briefing reported.
[Bithumb to temporarily suspend STRK deposits, withdrawals on Oct. 4]
South Korean exchange Bithumb announced the temporary suspension of STRK deposits and withdrawals at 10:00 a.m. UTC on Oct. 4 to support the Starknet network upgrade.
https://coinness.com/en/news/1170617
South Korean exchange Bithumb announced the temporary suspension of STRK deposits and withdrawals at 10:00 a.m. UTC on Oct. 4 to support the Starknet network upgrade.
https://coinness.com/en/news/1170617
CoinNess
Bithumb to temporarily suspend STRK deposits, withdrawals on Oct. 4 - CoinNess
South Korean exchange Bithumb announced the temporary suspension of STRK deposits and withdrawals at 10:00 a.m. UTC on Oct. 4 to support the Starknet network up...
[Arthur Hayes says expanded U.S. money supply could boost crypto]
BitMEX co-founder Arthur Hayes said at Cointelegraph’s Seoul Connect event that crypto prices could rise if the U.S. expands its money supply to support the artificial intelligence industry and finance government debt. Hayes added that demand for scarce assets could also increase if China shifts from limited tightening to large-scale monetary stimulus, and said he is watching pressure in French financial markets, including credit default swaps linked to BNP Paribas and spreads on French government bonds.
https://coinness.com/en/news/1170618
BitMEX co-founder Arthur Hayes said at Cointelegraph’s Seoul Connect event that crypto prices could rise if the U.S. expands its money supply to support the artificial intelligence industry and finance government debt. Hayes added that demand for scarce assets could also increase if China shifts from limited tightening to large-scale monetary stimulus, and said he is watching pressure in French financial markets, including credit default swaps linked to BNP Paribas and spreads on French government bonds.
https://coinness.com/en/news/1170618
CoinNess
Arthur Hayes says expanded U.S. money supply could boost crypto - CoinNess
BitMEX co-founder Arthur Hayes said at Cointelegraph’s Seoul Connect event that crypto prices could rise if the U.S. expands its money supply to support the a...
[THORChain launches ZEC pool]
Cross-chain decentralized exchange THORChain (RUNE) announced the official launch of its ZEC pool. With the network’s node rotation process now complete, all nodes have begun monitoring the ZEC blockchain, enabling permissionless trading for ZEC. The pool’s liquidity remains low for now, however, and the project said early trading requires caution even as liquidity is expected to increase over time.
https://coinness.com/en/news/1170619
Cross-chain decentralized exchange THORChain (RUNE) announced the official launch of its ZEC pool. With the network’s node rotation process now complete, all nodes have begun monitoring the ZEC blockchain, enabling permissionless trading for ZEC. The pool’s liquidity remains low for now, however, and the project said early trading requires caution even as liquidity is expected to increase over time.
https://coinness.com/en/news/1170619
CoinNess
THORChain launches ZEC pool - CoinNess
Cross-chain decentralized exchange THORChain (RUNE) announced the official launch of its ZEC pool. With the network’s node rotation process now complete, all ...