Hot Topics
IQ and Frax launch KRWQ, first Korean won-pegged stablecoin on Base, multichain via LayerZero, not yet available in Korea.
Hong Kong’s SFC monitors digital asset treasuries, warns of high stock premiums, and plans investor education and potential guidelines.
JPMorgan debuts Kinexys Fund Flow for real-time private fund settlement via blockchain, completing first transaction with Citco, extending its tokenization efforts.
Bitcoin trades at $109K amid fading U.S. ETF inflows and Powell’s hawkish tone after the Fed’s rate cut, while Solana drops 8% despite new spot ETF launches.
Market Updates
dYdX plans U.S. entry by end-2025 with spot trading and 50-65 bps fees, but perpetual futures remain barred pending regulatory changes.
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