AiXovia

South Korea Expands Cryptocurrency Market Investigation Following $44 Billion Bithumb Bitcoin Scandal
South Korea's financial regulatory authority has detailed upcoming investigations into high-risk trading methods as it prepares for the next phase of cryptocurrency regulation, Yonhap News reported.

- BTC traders wait for the $50,000 bottom: 5 things to know about Bitcoin this week
- Bitcoin price forecasts, while buoyed by macroeconomic tailwinds in the US and Japan, still see a high likelihood of the next new macro low.

Coinbase bets on Backstreet Boys nostalgia to make a comeback at the Super Bowl
Coinbase's TV commercial divided opinions online, but the cryptocurrency exchange stated that the goal was to spark conversations about it.

The Sharpe ratio of Bitcoin is approaching the same level as the market bottom in the past, currently reaching -10. It is nearing the lows of the bear markets seen in 2018 and 2022, indicating that the risk-to-return balance is approaching an extreme level.

Here is the Japanese translation:\n…

- Cryptocurrency companies and banks clash over the Federal Reserve's 'Skinny Master Account' plan
- Cryptocurrency companies support the Federal Reserve's proposal to grant limited access to central banks, while the banking association urges caution.

Address contamination recently caused victims to spend over $62 million — Scam Sniffer. Analysts warn that the cost of address contamination has decreased due to the Ethereum Fusaka upgrade, allowing malicious actors to perform dust attacks at minimal expense.

The Federal Reserve enters a "gradual printing" mode — According to Ms. Lynn Olden, whether the Federal Reserve is implementing quantitative easing is merely a semantic issue, and she states that all paths lead to a decline in monetary value.

Here is a natural Japanese rendering:Web3 and non-financial use cases in crypto have been a point of contention among VCs. a16z crypto's managing partner, Chris Dixon, stated that non-financial use cases in the crypto space will flourish once regulations become clear.

The Google search volume for 'crypto' remains near its year-to-date lows amid the market plunge. Investor sentiment towards cryptocurrencies is at the same level as during the Terra Luna collapse in 2022, which shook the crypto market.

Is the Bitcoin bear market not over? Traders see the "true bottom" of BTC price at $50,000. Bitcoin price analysis still maintains a bearish outlook on BTC, predicting a new macro low by repeating the 2022 bear market.

ARK has extended the sale of Coinbase shares by an additional $22 million and has purchased more shares of Bullish. Cathie Wood's ARK Invest sold 134,472 shares of Coinbase across three ETFs, while increasing its holdings of the crypto platform Bullish by over 393,000 shares.

A "major consolidation" is expected across the entire crypto industry: Bullish's CEO. The crypto industry will soon be sounded the alarm. Many companies will realize that they "don't have a business, they only have products," said Bullish's CEO Tom Farley.

Currently, over 23% of market participants expect a rate cut at the next FOMC meeting. Concerns over the appointment of more hawkish Federal Reserve Board members have increased, leading to more traders anticipating a rate cut at the March FOMC meeting.

The CFTC has expanded the standards for settlement stablecoins to include national trust banks. The Commodity Futures Trading Commission (CFTC) has revised its previous staff letter to reflect the regulation of the GENIUS stablecoin framework.

Bitcoin's difficulty has decreased by over 11%, the largest drop since China's ban in 2021. During China's mining ban period in 2021, Bitcoin mining difficulty decreased by up to 27% in a single difficulty adjustment cycle.

What caused the crash of Bitcoin? Three theories about BTC's movement below $60,000. Leverage trading on BTC by Hong Kong hedge funds has emerged as the main cause of the sharp one-month selling pressure on Bitcoin.

Tether assisted in seizing $540 million worth of cryptocurrency assets linked to illegal gambling networks in Turkey. Tether claims to have cooperated in over 1,800 investigations across 62 countries and has frozen $3.4 billion worth of USDT tied to suspicious illegal activities.

While Bitcoin is said to "immediately" fill the $84K futures gap, BTC has failed to sustain levels above its 2021 all-time high and has been pushed back. Market participants are divided on the short-term outlook for BTC prices, with some warning of a new macro low, which contrasts with the $84K target.

Vietnam, like stocks, will be taxed at a 0.1% transaction tax on cryptocurrencies — reports. Vietnam's Ministry of Finance has proposed a 0.1% tax on cryptocurrency transfers, a 20% corporate tax on profits, and strict licensing standards for digital asset exchanges.