#BTC #ETH South Korea’s Google Play will enforce new rules from Jan 28, requiring overseas crypto exchanges to complete FIU VASP registration and obtain formal acceptance to remain listed or update apps. Google clarified that filing alone is insufficient—proof of FIU approval must be uploaded. As approval requires a Korean entity, ISMS certification, and strict reviews, major offshore exchanges such as Binance and OKX are expected to be blocked from app downloads and updates in Korea. link
Tracking Bitcoin adoption by America’s 20 largest banks
Bitcoin has moved from the fringes into the balance sheets of America’s largest banks, with nearly half of the top 20 already offering BTC products to clients.
🇺🇸 Members of the U.S. House of Representatives are drafting a bill that would exempt cryptocurrency transactions involving stablecoins under $200 from capital gains tax, while also providing for tax deferral on mining income.
➖The Bank of Japan may raise the rate to 0.25% on December 19 - this is the highest level in the last 30 years.
➖The decision will be the first increase in 11 months and will seriously shake up the markets. Particularly nervous are traders dealing with the Japanese yen through carry trades - a strategy of borrowing at low interest rates to invest in higher-yielding assets.
➖For the cryptocurrency market, this could mean an outflow of liquidity, since cheap yens were often used to buy risky assets. Rising rates make borrowing more expensive and could increase pressure on Bitcoin.
➖Time to prepare for volatility - the Japanese regulator is changing the rules of the game.
Whale Opens Leveraged Ethereum Position Amid Market Movements
According to TechFlow, on December 7, a significant Ethereum holder, identified as pension-usdt.eth, has opened a leveraged long position involving 20,000 ETH. The transaction was executed at a price of $3,040.92 per ETH, with a liquidation price set at $1,190.66. This move was monitored by the on-chain analysis platform Lookonchain. The whale's decision to utilize a twofold leverage indicates a strategic approach to capitalize on potential market fluctuations.
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