South Korea’s regulators have ordered all crypto exchanges to halt lending services after \$1.1 billion was borrowed in the first month. The move aims to protect investors and maintain market stability until formal rules are introduced.

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"BONK has recently fallen below a crucial support level, indicating a significant shift in market dynamics as liquidity begins to weaken. This decline raises concerns about potential further losses in the near future, prompting investors to reassess their positions and consider the implications of this downturn on the overall performance of the asset." source: https://blocknews.com/bonk-slips-below-key-support-as-liquidity-weakens-more-losses-ahead/

Illinois Governor JB Pritzker signed two bills creating first-of-their-kind cryptocurrency consumer protections in the Midwest. source: https://www.cryptopolitan.com/illinois-governor-law-consumers-crypto-scams/

The U. S. OCC encourages community banks to innovate by partnering with stablecoin developers, enhancing payment solutions and financial innovation. source: https://coincu.com/355851-occ-supports-stablecoin-partnership

Web3 remains a buzzword in the crypto space, but are DApps and altcoins truly living up to their promise?

According to Cointelegraph, South Korea's Financial Services Commission (FSC) has instructed cryptocurrency exchanges to pause the introduction of new digital asset lending services. This directive comes amid increasing concerns over the risks associated with such services and underscores the necessity for well-defined regulations. The FSC has communicated to exchanges that while new lending services should be halted, existing agreements, including repayments and maturity extensions, will continue to be allowed. On July 31, the FSC, in collaboration with the Financial Supervisory Service (FSS), announced the formation of a joint task force aimed at establishing a regulatory framework for crypto lending. The forthcoming guidelines are anticipated to address leverage limits, user eligibility, and risk disclosures pertinent to virtual asset lending activities. The FSC has also indicated its intention to conduct on-site inspections and enforce supervisory measures against platforms that do not adhere to these guidelines. The decision to suspend new lending services follows reports of significant user losses, including numerous forced liquidations within exchange-operated lending programs. The FSC highlighted an unnamed exchange that attracted approximately 27,600 users within a month of launching a lending service in mid-June, generating a volume of about 1.5 trillion Korean won ($1.1 billion). Of these users, around 13%—or 3,635 individuals—experienced forced liquidations as the value of their crypto holdings declined. Additionally, the FSC noted the activities of two companies offering Tether (USDT) lending services, which led to a spike in selling volume and an unusual drop in USDT prices. The agency warned that continuing new lending operations without adequate safeguards could further jeopardize investor funds. Crypto lending has remained a regulatory gray area in South Korea despite the country's efforts since 2020 to establish foundational regulations for virtual asset service providers (VASPs). These efforts include Anti-Money Laundering (AML) and Travel Rule requirements under the revised Act on Reporting and Using Specified Financial Transaction Information. In 2023, the Virtual Asset User Protection Act was enacted, providing a legal basis for penalizing unfair practices such as market manipulation and the mishandling of user deposits. However, crypto lending has continued to operate without a clear regulatory framework or licensing regime, highlighting the urgent need for comprehensive rules in this sector.

وسط زخم صعودى لا يزال سعر اليورو مقابل الريال السعودى EUR/SAR فى نطاقه الصعودى بالقرب من مستوى المقاومة 4. 40 ريال سعودى لكل يورو والتى تدعم وتؤكد سيطرة الثيران على أتجاه زوج العملات والابرز على الاداء على شارت اليومى أدناه. بالمكاسب الحالية يستقر مؤشر القوة النسبية RSI لفترة 14 يوما حول قراءة 54 مبتعدا نسبيا عن … The post تحليل سعر اليورو / ريال سعودى EUR/SAR : أنظار الثيران تتجه الى 4 source: https://www.tradersup.com/%d8%aa%d8%ad%d9%84%d9%8a%d9%84%d8%a7%d8%aa-%d9%81%d9%86%d9%8a%d8%a9/%d8%aa%d8%ad%d9%84%d9%8a%d9%84-%d8%b3%d8%b9%d8%b1-%d8%a7%d9%84%d9%8a%d9%88%d8%b1%d9%88-%d9%85%d9%82%d8%a7%d8%a8%d9%84-%d8%a7%d9%84%d8%b1%d9%8a%d8%a7%d9%84-%d8%a7%d9%84%d8%b3%d8%b9%d9%88%d8%af%d9%8a/%d8%a3%d9%86%d8%b8%d8%a7%d8%b1-%d8%a7%d9%84%d8%ab%d9%8a%d8%b1%d8%a7%d9%86-%d8%aa%d8%aa%d8%ac%d9%87-%d8%a7%d9%84%d9%89-4-40-%d8%b1%d9%8a%d8%a7%d9%84-%d8%b3%d8%b9%d9%88%d8%af%d9%89/146563

According to Foresight News, the U.S. Office of the Comptroller of the Currency (OCC) has announced that community banks are encouraged to collaborate with companies developing stablecoins. This initiative aims to foster innovation and introduce new products within the banking sector. The OCC plans to review and update its regulatory and supervisory approaches as necessary to ensure that while supporting innovation in the banking industry, the vitality of community banks is maintained.

Bitcoin (BTC) is attempting to reclaim a crucial level as support after bouncing from the recent drop below $115,000. Nonetheless, some analysts warned that the cryptocurrency is entering a corrective phase with a potential 15%-25% drop. Related Reading: Analyst Predicts ‘Utility Run’ Will Send XRP Price To $100 Bitcoin Risks Drop Below $110,000 On Monday, Bitcoin fell below the $115,000 level for the first time in nearly two weeks, retesting the $114,500 support before bouncing. The flagship crypto has been hovering between its local price range since August 7, hitting its latest all-time high (ATH) of $124,200 before ultimately being rejected from the range highs source: https://www.newsbtc.com/news/bitcoin-risks-drop-below-110000-despite-bounce-is-a-15-pullback-coming/

Despite a cooldown, ETH remains the top altcoin to watch. source: https://ambcrypto.com/ethereums-4-4k-support-remains-strong-is-eth-on-track-to-15k/

The American Innovation Project, a nonprofit, will “foster informed dialogue” about crypto in Washington. By law, it’s not allowed to substantially influence legislation. source: https://decrypt.co/335701/coinbase-dcg-kraken-crypto-lobbyists-tax-exempt-nonprofit

The first migration laid the foundation, proving the system’s scalability and activating early wallets. source: https://coindoo.com/big-things-ahead-as-pi-network-prepares-for-major-updates/

UK crypto exchange Lykke collapsed after hackers linked to North Korea’s Lazarus Group stole £17 million in digital assets. The company went into liquidation, its founder was declared bankrupt, and affected users are still waiting for refunds.

Dutch cryptocurrency company Amdax is preparing to launch one of Europe’s most ambitious Bitcoin strategies yet: creating a dedicated Bitcoin treasury firm, seeking a listing on Amsterdam’s Euronext, and ultimately aiming to acquire 1% of the total Bitcoin supply.

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Stablecoins have become a parallel to the US dollar. Tokenization isn't just a marketing gimmick; it's the process of transforming capital into something programmable. Ethereum is becoming the invisible settlement layer behind open networks and enterprise financial experiments.

The SEC has delayed decisions on several crypto ETFs, including Bitcoin, Ethereum, Solana, XRP, Litecoin, and Dogecoin, pushing most deadlines into October. Regulators are working on new listing standards that could allow faster approvals of altcoin ETFs once rules are finalised.

China Merchants Bank (CMB), one of China’s biggest financial institutions has successfully set up its first crypto exchange in Hong Kong under its subsidiary company, CMB International Securities Limited.

The United States not only uses "clearer rules" to increase the attractiveness of the capital market, but also uses "a more fundamental view of rights" to reshape the attractiveness of talent.