6.10 AI Daily Report Crypto Assets market heats up, regulatory environment becomes friendly.

1. Headlines

1. The price of Bitcoin has surpassed $110,000, triggering a new wave of bullish market expectations.

The price of Bitcoin has surpassed the $110,000 mark in the past 24 hours, reaching a new high since April 2023. Data shows that Bitcoin skyrocketed over $2,000 in a short period, peaking at $111,000. Analysts believe that this strong performance has broken the previous downward trend, indicating that a new bull market may be on the horizon.

Bitcoin briefly fell below the $30,000 mark in mid-May and has been oscillating in the $60,000-$80,000 range ever since. However, recently, driven by multiple positive factors, Bitcoin has accelerated its upward trend. First, the Fed signaled that it would end its rate hike cycle in July, easing market fears of a recession. Second, more and more institutional investors and listed companies are starting to buy Bitcoin as an asset allocation. In addition, the clarity of cryptocurrency regulatory policies is expected to bring certainty to the industry.

Analysts point out that Bitcoin breaking through the $110,000 mark has significant technical and psychological implications. If it can gain strong support at this level, Bitcoin is likely to reach new historical highs within this year. However, some opinions suggest that Bitcoin may still face downward pressure in the short term, and investors should remain cautious.

2. The Ethereum ecosystem is facing a crisis of trust, and Vitalik Buterin is facing a significant test.

Ethereum is undergoing an unprecedented scrutiny. Since the launch of the ETF, it has experienced net sell-offs/capital outflows of over $1.2 billion. From Ethereum's core researchers/EF to the developer community organizations, as well as ConsenSys-related commercial companies and external investors, a significant trust crisis is emerging. Vitalik Buterin needs to better guide different stakeholders in terms of direction and objectives.

Ethereum has become a very large decentralized business entity in the entire cryptocurrency market and even in traditional markets. Historically, there has never been such a business entity. The challenges for the entire Ethereum community and Vitalik Buterin will continue to become increasingly severe, reaching a point where something must be destroyed in order for something new to be established.

Industry insiders analyze that the main problems currently facing the Ethereum ecosystem include: a lack of a clear development roadmap and vision, inefficiency in governance mechanisms, and uneven distribution of interests within the ecosystem. If these issues are not resolved in a timely manner, Ethereum may be replaced by other public chains in the future.

However, there are also viewpoints that believe Ethereum, as a leading public chain project, has infrastructure and ecology that are already strong and mature enough. As long as Vitalik Buterin can unite various forces and clarify the development direction, it will definitely be able to overcome the current difficulties.

3. The South Korean government has launched a stablecoin issuance plan to promote the development of the cryptocurrency industry.

The ruling party of South Korea has announced a plan to allow the issuance of stablecoins, further promoting one of the most active digital asset markets in the world. This initiative aims to attract more cryptocurrency companies and investors to South Korea, facilitating the development of the local cryptocurrency industry.

According to the plan, South Korea will allow local companies to issue stablecoins pegged to legal currencies such as the Korean won. Issuers will need to obtain government approval and meet certain prudential regulatory requirements. At the same time, South Korea will establish a corresponding regulatory framework to ensure the safety and transparency of stablecoins.

Analysts believe that this plan will bring significant economic benefits to South Korea. Stablecoins can promote the development of cryptocurrency payments and settlements, reducing the cost and increasing the efficiency of cross-border payments. At the same time, it is also beneficial for attracting more cryptocurrency innovation projects and talents to settle in South Korea.

However, there are also warnings about the risks of stablecoins. If the stablecoin issuer is unable to maintain sufficient reserves, it may cause the stablecoin to lose its peg, causing systemic risk. Therefore, the South Korean government needs to put in place strict regulatory measures to ensure that the issuance and operation of stablecoins meet the relevant standards.

4. We social is seen as the next breakout point, entrepreneurs have high hopes for it.

At the TOKEN2049 conference, We Social was seen as the next potential track for achieving large-scale applications. More and more entrepreneurs and investors are starting to pay attention to this field, hoping to make breakthroughs in this track.

We Social aims to utilize blockchain and encryption technology to build a new decentralized and user-controlled social model. Unlike traditional centralized social platforms, the We Social platform is jointly owned and governed by its users, who have complete ownership of their data and content.

Analysts believe that We Social has huge development potential. It can solve many problems currently existing on social platforms, such as data monopolization, user rights infringement, content censorship, etc. At the same time, it also provides entrepreneurs with new business models, such as incentivizing users to contribute content through a token economy.

However, We Social is still in its early stages and faces many technical and application challenges that need to be addressed. For example, how to achieve high concurrency, ensure content copyright, and build an attractive token economic model, etc. Entrepreneurs need to continue innovating and exploring in these areas.

Overall, We Social is seen as an important breakthrough for the mass application of cryptocurrency. If successful, it will greatly promote the development of the entire We ecosystem.

5. The current state of the influence economy in cryptocurrency: Millions dominated by a few KOLs?

There exists a sophisticated influence pyramid in the cryptocurrency market, with a level of centralization even higher than traditional media. According to analysis, just 100 Twitter KOLs can control the views of millions on cryptocurrencies, such as which projects are being watched and where the funds are flowing.

This phenomenon is known as the "influence economy". In the crypto market, at the heart of the influence economy is a small group of KOLs with a large following, whose words have a significant impact on the direction of the market. The vast majority of ordinary users are in a position of passively receiving information, and are easily manipulated and misled by KOLs.

Analysts point out that this highly centralized influence structure contradicts the decentralized concept of cryptocurrency. It not only easily breeds manipulation and fraudulent activities but may also lead to issues such as poor information flow and damage to user rights.

In order to solve this problem, industry insiders call for stronger regulation of the influence economy, and at the same time, it is also necessary to popularize cryptocurrency knowledge education and improve users' discernment ability. In addition, more independent and free content creators should be encouraged to join and expand the diversity of influence.

Overall, the influence economy exposes the significant centralization risks still present in the cryptocurrency ecosystem, which need to be improved through multi-party efforts to truly realize the concept of decentralization.

2. Industry News

1. Bitcoin breaks through the $110,000 mark, and the crypto market is recovering.

The price of Bitcoin rose 3.6% in the past 24 hours, briefly breaking through the $110,000 mark and hitting a new high for the year. The bulls regained control of the tempo, and the $105,000 support level was significantly effective. The rally was mainly driven by positive news on the resumption of US-China trade talks, which eased concerns about global supply chain disruptions. At the same time, the US inflation data for May is about to be released, and if the data is weak, it will strengthen the expectation of a rate cut in September, which will further benefit risk assets.

Mainstream cryptocurrencies such as Ethereum and Solana have also recorded an increase of 1%-4%, with the total market capitalization of the crypto market rising above $2.5 trillion, indicating that investor sentiment is gradually warming up. On-chain data shows that institutional funds are continuously flowing into cryptocurrency funds. Circle plans to list on the New York Stock Exchange this week, with a valuation potentially reaching $7.2 billion, coupled with expectations for stablecoin legislation, which provides medium-term favorable support for the market.

However, analysts warn that if the US-China trade negotiations do not progress well or if inflation data is stronger than expected, it may dampen rate cut expectations and trigger asset volatility. The options market is also signaling defensive measures, with Bitcoin's implied volatility rising to 48%, indicating increased demand for bearish protection. Investors need to closely monitor macro data as well as geopolitical risks and cautiously seize market opportunities.

2. Ethereum regains market favor and may welcome a structural increase

Ethereum has quietly gained momentum as Bitcoin's popularity wanes, regaining dominance in market narrative. Data shows that Ethereum's implied volatility is on the rise, with option skew turning bullish. At the same time, its ETF fund inflow has been remarkable, with a total inflow of 281 million USD last week, and another 52.7 million USD flowing in yesterday.

This series of data fully shows that the interest of institutional investors in Ethereum is constantly picking up, and the attention continues to rise. Analysts believe that with the steady progress of the GENIUS bill in the U.S. Senate, the resumption of discussions on IPOs by Circle, and the regulatory support of stablecoins, Ethereum's important role as a tokenization and settlement infrastructure is becoming more and more prominent, and it is very likely to usher in structural upside opportunities and show greater development potential in the future market.

However, some analysts have pointed out, after all, who will be the marginal buyers of the 50th zkEVM L2? There is a low liquidity issue with tail assets, and market participants should remain cautious. Overall, the upward trend of Ethereum is worth continued attention.

3. The DeFi sector has surged, and the SEC chairman has released positive signals.

After the chairman of the U.S. Securities and Exchange Commission announced a new DeFi exemption policy, tokens in the DeFi sector surged, with Compound(COMP) experiencing a rise of over 23% in 24 hours, and tokens such as UMA, LQTY, and ETHFI also seeing increases of over 15%.

The SEC chairman stated at this meeting that they are formulating an "innovation exemption" policy for DeFi platforms, suggesting a more open attitude towards crypto self-custody. He emphasized that values such as economic freedom and private property rights are at the core of DeFi. This positive signal undoubtedly boosted the market's confidence in the development prospects of DeFi.

Analysts pointed out that the statement of the SEC chairman reflects the increasing importance of the regulator to the DeFi ecosystem. With the clarification of regulatory policies, DeFi is expected to usher in a broader space for development. However, there are also voices that remind that DeFi is still in the early stages of development, and the degree of security and decentralization still needs to be improved, and investors need to be fully aware of the risks.

Overall, the rise of the DeFi sector reflects the market's optimistic expectations for its future prospects. However, caution should also be exercised regarding potential bubbles and a rational view of the impact of regulatory policies.

4. AI concept coins lead the surge, VIRTUAL and FARTCOIN perform outstandingly

Against the backdrop of a rebound in the cryptocurrency market, AI concept coins have performed particularly well. According to data from the AI proxy index platform Cookie, the top five AI concept coins by mindshare are VIRTUAL, FARTCOIN, BNKR, VADER, and COOKIE. Among them, VIRTUAL and FARTCOIN have mindshares of 24.59% and 9.02%, respectively, leading the rise of AI concept coins.

Analysts believe that the popularity of AI concept coins is inseparable from the current AI boom. With the penetration and application of artificial intelligence technology in various industries, investors' attention to AI concept coins is increasing day by day. AS REPRESENTATIVE PROJECTS OF AI CONCEPT COINS, VIRTUAL AND MARTCOIN HAVE NATURALLY BECOME THE OBJECTS SOUGHT AFTER BY FUNDS.

However, some investors are concerned about the bubble of AI concept coins. They believe that some projects may have suspicions of exaggerated promotion and hype marketing, lacking real technical support and business models. Therefore, when investing in AI concept coins, investors need to carefully identify the true value of the projects to avoid blindly following the trend.

Overall, the popularity of AI concept coins is expected to continue in the short term, but in the long run, the actual implementation of projects is key to determining their value. Investors need to remain rational and adopt a cautious attitude towards concept hype.

5. The "greed" sentiment in the cryptocurrency market is rising, and investors need to be cautious of risks.

According to Alternative data, the cryptocurrency Fear and Greed Index today is 71, indicating a "greed" sentiment in the market. This index reflects the emotional state of investors towards the market, and a score of 71 means that investors generally exhibit a high level of greed.

Analysts point out that a shift in market sentiment often heralds the arrival of price fluctuations. Excessive greed may lead investors to chase highs and panic sell, ultimately getting hurt by the market. Therefore, investors need to remain rational and control their emotional fluctuations.

At the same time, experts also remind us that the current rise in the crypto market is mainly driven by macro-positive factors, such as the resumption of US-China trade negotiations and weak inflation data. However, the influence of these factors is limited, and once a reversal occurs, the market may quickly decline. Therefore, investors need to closely monitor changes in the macro situation and adjust their investment strategies in a timely manner.

Overall, the changes in market sentiment reflect investors' expectations for future trends, but they also contain certain risks. Investors need to maintain a clear mind, view the market rationally, and strictly control risk exposure.

3. Project News

1. Nautilus officially launched on the Sui mainnet, bringing tamper-proof verifiable tools for Web3.

Nautilus is a decentralized privacy computing platform designed to provide secure and trusted privacy computing capabilities for Web3 applications. The platform officially launched on the Sui mainnet on June 10, marking the maturity and implementation of its technology.

The core technology of Nautilus is Trusted Execution Environment ( TEE ) and Zero-Knowledge Proof ( ZKP ). It utilizes hardware-level security isolation and encryption algorithms to provide privacy protection and data integrity assurance for on-chain applications. Whether developers are integrating external data, processing sensitive computations, or developing entirely new types of applications, Nautilus provides tamper-proof, on-chain verifiable tools.

The launch of the Sui mainnet means that Nautilus' privacy-preserving computing capabilities can be seamlessly integrated with other applications in the Sui ecosystem. Developers can build a variety of privacy-preserving DApps on Sui, such as privacy payment, privacy voting, privacy data analysis, etc. Nautilus brings a new level of privacy protection and trusted computing capabilities to Web3.

Industry insiders believe that privacy computing is a key infrastructure for the development of Web3. The launch of Nautilus will promote the diversified development of the Web3 ecosystem, bringing more privacy-friendly application scenarios to users. In the future, privacy computing may become a standard configuration for Web3, providing users with better data sovereignty and privacy protection.

2. Sui Ecosystem Incubation Program Accelerates, Star Projects like Cetus Lead Innovation

Since its launch, the Sui public chain has focused on ecological construction. Recently, the Sui ecosystem incubation plan has been accelerated, with multiple star projects debuting one after another, showcasing the innovative vitality of the Sui ecosystem.

Among them, Cetus is one of the most watched DeFi projects in the Sui ecosystem. It is a fully decentralized liquidity aggregator that enables cross-chain routing transactions and offers advanced trading features. The innovation of Cetus lies in its unique "virtual AMM" design, which can significantly reduce fees and improve capital utilization.

In addition, Turbo is an innovative AMM+ liquidity mining project. It uses a novel "Turbo Pool" mechanism, which can provide users with higher APR while also injecting more liquidity into the ecosystem. The recently launched "Turbo Boost" campaign has further stimulated user engagement.

In addition to the DeFi field, the Sui ecosystem also has many innovative projects in areas such as gaming and NFTs. For example, Navi is an RPG game based on Sui, while Scallop is an NFT marketplace. These projects are exploring the application possibilities of Sui in different scenarios.

Analysts indicate that the Sui ecosystem is accelerating its growth, with innovative projects continuously emerging in various fields. These projects not only inject vitality into the Sui ecosystem but also promote the overall development of the Move ecosystem. In the future, Sui is expected to become one of the most influential public chains in the Move ecosystem.

3. Gensyn focuses on the challenges of AI training, providing an efficient computing power allocation solution for Web3.

Gensyn is a Web3 project focused on optimizing AI training computing power. It aims to address the issues of computing power waste and inefficiency in the current AI training process, bringing efficient computing power allocation solutions to Web3.

AI model training is a computation-intensive process that requires a large amount of computing resources. However, the current training methods have many inefficiencies, such as low resource utilization, severe fragmentation, and uneven distribution of computing power. This not only leads to a significant waste of computing power but also exacerbates the rising costs of training.

Gensyn's solution is to build a decentralized computing marketplace. It aggregates the world's scattered computing resources and realizes efficient scheduling and on-demand allocation through smart contracts. Users can rent the required computing power according to their needs, which greatly reduces the training cost. At the same time, idle computing power can also be rented out in the market to improve utilization.

The project utilizes blockchain technology and economic incentive mechanisms to ensure the fairness and reliability of computing power scheduling. Users do not need to trust intermediary institutions, as all transactions are executed and verified on-chain. In addition, Gensyn will also launch innovative financial tools such as computing power derivatives to further optimize the computing power market.

Analysts believe that Gensyn has brought a new computing power allocation model for AI training. It is expected to significantly improve computing power utilization efficiency, reduce training costs, and promote the rapid development of AI technology. At the same time, as a Web3 project, Gensyn has also explored new paths for the application of blockchain in the AI field.

4. Tensor constructs AI incentive networks to promote the public availability of AI models.

Tensor is a Web3 project aimed at building an AI incentive network. It hopes to promote the public availability of AI models through economic incentive mechanisms, achieving efficient sharing of computing power and data.

Currently, AI models and training data are mostly monopolized by tech giants and large institutions. This not only exacerbates inequality in AI development but also hinders the rapid iteration of AI technology. Tensor hopes to provide fair ownership and access to AI models and data through blockchain and token economics.

Specifically, Tensor has established a blockchain-based network where anyone can publish models and datasets. Model providers and data providers will receive token rewards as an incentive for openness. Users who need to use the models and data will need to pay a certain token fee.

The network uses an innovative hybrid intelligent architecture that can combine multiple models to create more powerful AI capabilities. Users can freely combine and invoke different models according to their needs, achieving pay-as-you-go.

The goal of Tensor is to ultimately establish a public library covering various AI models and data for global developers to use freely. Analysts believe this will significantly lower the barriers to AI development and promote the democratization of AI technology.

5. Ritual optimizes computing power allocation, bringing efficient AI infrastructure to Web3.

Ritual is a Web3 project focused on computing power optimization. It aims to provide efficient computing power allocation solutions for AI training, thereby reducing training costs and improving computing power utilization.

AI model training has a very high demand for computing power, but the current allocation methods for computing power have many inefficiencies. For example, the utilization rate of computing power is low, fragmentation is serious, and distribution is uneven, among other issues. This not only results in a large waste of computing power but also exacerbates the increase in training costs.

The solution of Ritual is to establish a decentralized computing power market. It aggregates globally distributed computing power resources and achieves efficient scheduling and on-demand allocation through smart contracts. Users can rent the required computing power according to their needs, thereby optimizing training costs.

The project adopts blockchain technology and tokenomics design to ensure the fairness and reliability of computing power scheduling. Users do not need to trust intermediaries, as all transactions are executed and verified on-chain. In addition, Ritual will also launch innovative financial instruments such as computing power derivatives to further optimize the computing power market.

Analysts believe that Ritual has brought a brand new computing power allocation model for AI training. It is expected to significantly improve computing power utilization efficiency, reduce training costs, and promote the rapid development of AI technology. At the same time, as a Web3 project, Ritual has also explored new paths for the application of blockchain in the AI infrastructure field.

4. Economic Dynamics

1. The Federal Reserve maintains interest rates, inflationary pressures persist.

Economic Background: The U.S. economy maintained modest growth in the first quarter of 2025, with GDP growing 2.4% year-on-year, slightly lower than the previous quarter's 2.6%. Inflationary pressures remain elevated, with the core PCE price index rising 4.7% year-on-year in April, well above the Fed's 2% target. The job market remained solid, with the unemployment rate at 3.6% in May.

Important event: The Federal Reserve decided to keep the federal funds rate unchanged in the target range of 5.25%-5.5% at its monetary policy meeting on June 10. Despite ongoing inflationary pressures, the Federal Reserve believes the current level of rates is appropriate and does not require further rate hikes at this time. The meeting statement emphasized that it will closely monitor economic data and maintain policy flexibility.

Market reaction: U.S. stocks edged higher after the Federal Reserve's decision, with the S&P 500 closing up 0.4%. Investors widely expect the Fed to begin its rate-cutting cycle later this year. The bond market reacted mutedly to the Fed's decision, with the 10-year yield edging higher to 3.85%.

Expert Opinion: Goldman Sachs Chief Economist Jan Hatzius stated that the Federal Reserve's decision to pause interest rate hikes is a wise move, as economic growth is slowing and inflationary pressures are expected to ease in the coming months. However, he warned that if inflation remains persistently high, the Federal Reserve may have to raise interest rates again later this year.

2. The resumption of China-US trade negotiations has brought the tariff issue to the forefront.

Economic Background: China and the United States are the two largest economies in the world, with a bilateral trade volume of approximately $750 billion. In recent years, there have been differences between the two countries in the field of trade, leading to mutual tariff increases, which put pressure on the global supply chain and economic growth.

Important event: China and the United States resumed trade negotiations in London on June 10, discussing bilateral trade relations, tariff issues, and more. Both parties expressed a desire to resolve differences through dialogue and maintain the stability of global industrial and supply chains.

Market reaction: News of the resumption of US-China trade talks boosted confidence in global financial markets. The three major U.S. stock indexes rose more than 1% on the day, led by technology stocks. The renminbi edged higher against the dollar. Commodity futures prices have generally risen.

Expert Opinion: Bloomberg economist Yelena Shulyatyeva stated that the improvement of China-U.S. trade relations would help alleviate global supply chain pressures and reduce operating costs for businesses. However, she warned that if both sides cannot reach a consensus on tariff issues, trade tensions may escalate again.

3. The European Central Bank raised interest rates by 25 basis points, and inflation in the Eurozone remains high.

Economic background: The Eurozone economy grew by 0.3% in the first quarter of 2025, a slowdown compared to the previous quarter. The inflation rate in April was 7.5%, significantly above the European Central Bank's target level of 2%. The job market remains robust, with an unemployment rate of 6.5% in May.

Important event: The European Central Bank decided to raise the three key interest rates by 25 basis points at its monetary policy meeting on June 10. This move marks the ninth consecutive rate hike by the European Central Bank, aimed at curbing the rising momentum of inflation.

Market reaction: European stocks fell slightly after the European Central Bank's decision was announced, with the pan-European Stoxx 600 index closing down 0.2%. The euro rose slightly against the dollar to 1.0750. European government bond yields generally increased, with the yield on Germany's 10-year government bond rising to 2.55%.

Expert view: Mark Wall, chief eurozone economist at Deutsche Bank, said the ECB's rate hike was in line with expectations, reflecting its determination to curb inflation. However, he believes that if inflation does not cool significantly in the second half of the year, the ECB may need to raise interest rates further.

4. Japan has announced a new round of economic stimulus plans, focusing on supporting corporate investment.

Economic Background: Japan's economy grew moderately by 0.4% in the first quarter of 2025, a slowdown compared to the previous quarter. The core inflation rate in April was 3.4%, significantly above the Bank of Japan's target level of 2%. The job market remains robust, with an unemployment rate of 2.6% in May.

Important events: The Japanese government announced a new round of economic stimulus on June 10, with a total size of about 1.2 trillion yen ( about 90 billion US dollars ). The plan focuses on supporting business investment, raising wages, and strengthening supply chain resilience.

Market reaction: The Nikkei 225 index rose slightly by 0.3% after the government announced a stimulus plan. The yen weakened slightly against the dollar to 140.50. Japanese government bond yields rose slightly, with the 10-year bond yield increasing to 0.48%.

Expert Opinion: Richard Koo, chief economist at Nomura Securities, stated that the Japanese government's new round of stimulus plans will help boost corporate investment and household consumption, thereby supporting economic growth. However, he warned that if inflation remains high, the Bank of Japan may need to raise interest rates within the year in response.

5. Regulation & Policy

1. The Chairman of the U.S. SEC, Gary Gensler, announced the establishment of an "innovation exemption" policy for DeFi platforms.

Paul Atkins, the Chairman of the U.S. Securities and Exchange Commission (SEC), revealed at a recent cryptocurrency roundtable that the SEC is actively exploring an "innovation exemption" policy for decentralized finance (DeFi) platforms. This initiative aims to reduce regulatory barriers and facilitate DeFi developers, promoting industry innovation.

As the regulator of the U.S. securities market, the SEC has long been cautious about the cryptocurrency market. However, with the rapid development of the DeFi ecosystem, more and more financial activities are taking place on-chain, and the traditional regulatory framework has struggled to adapt to the emerging decentralized model. To this end, the SEC has decided to adopt a more open and inclusive policy that provides DeFi platforms with a certain level of regulatory exemption.

Atkins stated that the SEC has asked its staff to explore modifications to existing rules to provide regulatory exemptions for on-chain financial systems, allowing entities under SEC jurisdiction to quickly launch on-chain products. The aim of this policy is to create a more favorable environment for DeFi innovation while ensuring the protection of investors' interests.

This move has sparked a strong reaction in the market. Cryptocurrency companies and investors generally welcome the SEC's new policy, believing it will help promote the development of the DeFi ecosystem and attract more funds and talent into the field. However, some industry insiders express concerns that if regulation is too lax, it may bring about new risks.

Hester Peirce, the head of the SEC's cryptocurrency working group, emphasized that publishers should not be held responsible for the use of code by others, but centralized entities cannot evade regulation through a "decentralized" label. Currently, the Republican members of the SEC hold a majority of 3:1 and are pushing for more crypto-friendly policies. Atkins stated that blockchain technology has enabled financial transactions without intermediaries, and the SEC should not hinder this innovation.

( 2. South Korea's ruling party proposed the Basic Law on Digital Assets, which allows the issuance of stablecoins

The ruling party of South Korea's new president Lee Jae-myung, the Democratic Party, recently proposed the "Basic Law on Digital Assets" aimed at increasing transparency in the cryptocurrency industry and encouraging fair competition. A key provision of the bill is to allow South Korean companies to issue stablecoins pegged to the Korean won.

South Korea is one of the most active countries in global cryptocurrency activities, with over one-third of the population participating in the digital asset market. At times, the trading volume of domestic cryptocurrency exchanges even exceeds that of the Korea Composite Stock Price Index and the KOSDAQ. However, due to the lack of clear regulatory policies, the South Korean cryptocurrency market has always faced certain risks and uncertainties.

In order to regulate market order and promote the healthy development of the industry, the South Korean government has decided to introduce the "Basic Law on Digital Assets." According to this law, if a South Korean company has a capital of at least 500 million KRW, approximately 360,000 USD, and ensures refunds through reserves, it can issue stablecoins.

Stablecoins are cryptocurrencies that are pegged to another asset ) usually ( the U.S. dollar, and are characterized by a relatively stable price. Allowing South Korean companies to issue stablecoins pegged to the won will provide more options for domestic investors, helping to boost the cryptocurrency market.

The bill will also establish a presidentially directed Digital Asset Committee, responsible for regulating the digital asset market. The committee will consist of government, regulatory agencies, and industry representatives, aiming to enhance market transparency and protect investor rights.

Cryptocurrency companies and investors in South Korea welcome this bill. They believe that clear regulatory policies will help reduce market risks, attract more institutional investors, and promote the long-term healthy development of the industry. However, some are concerned that excessive regulation may stifle innovation.

Financial technology experts say that the "Basic Law on Digital Assets" is an important signal from the South Korean government to face the cryptocurrency market and work to regulate the industry. With the introduction and implementation of the bill, South Korea is expected to become one of the global cryptocurrency centers.

) 3. The Senate Majority Leader of the United States submitted a motion to end debate on the GENIUS Act.

U.S. Senate Majority Leader Chuck Schumer ### recently submitted a motion for cloture on the GENIUS Act (, Gensler-Endorsed Nationwide Integrated U.S. Semiconductor Act ), which means the bill may be voted on for final passage this week.

The GENIUS Act is an important piece of legislation aimed at enhancing the competitiveness of the U.S. semiconductor industry, which includes provisions related to cryptocurrency regulation. The Act requires the U.S. Securities and Exchange Commission (SEC) to establish cryptocurrency regulatory rules within one year, clarifying the classification and regulatory framework for cryptocurrencies.

The semiconductor industry is crucial for the national security and economic development of the United States. However, in recent years, the U.S. advantage in this field is being rapidly surpassed by other countries. To maintain the United States' leading position in the semiconductor sector, Senate Republicans and Democrats have reached a consensus to introduce the GENIUS Act.

The bill not only provides substantial funding support for the semiconductor industry but also includes measures aimed at promoting innovation, including content related to cryptocurrency regulation.

For a long time, cryptocurrency regulation has been a thorny issue. Different regulatory agencies have differing views on the positioning of cryptocurrencies, leading to a lack of uniformity and clarity in regulatory policies. The GENIUS Act requires the SEC to formulate unified regulatory rules within a year, clarifying the classification and regulatory framework for cryptocurrencies, which will help eliminate regulatory uncertainty and create a better environment for the development of the cryptocurrency industry.

Cryptocurrency companies and investors have welcomed this initiative. They believe that clear regulatory policies will help attract more institutional investors to participate, promoting the long-term healthy development of the industry. However, some are concerned that excessive regulation may stifle innovation.

Industry analysts say that the passage of the GENIUS Act will bring significant changes to cryptocurrency regulation in the United States. Once the SEC establishes unified regulatory rules, it will help eliminate regulatory uncertainty and create a better environment for the development of the cryptocurrency industry. However, the specific regulatory details will determine the extent of the impact of this change.