Korean Crypto KOLs Fuel Massive $USELESS Rally as Traders Shrug Off Traditional Narratives: Asia Morning Briefing

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Korean Crypto KOLs Fuel Massive USELESS Rally as Traders Shrug.jpeg

Welcome to Asia Morning, a daily summary of the highest stories during the United States hours and a general view of market movements and analysis. For a detailed overview of American markets, see Coindsk’s Crypto Daybook America.

South Korea has long been known for its huge impact on Altcoin markets, from the XRP obsession that led 400 % last year to the obsession today with a symbol that calls itself with a non -glorious pride.

Bradley Park, an analyst who takes Seoul at DNTV Research, told Coindsk in an interview that the $ Maggdie phenomenon has a relationship with the South Korean Korean Colors, Bradley Park, an analyst in Seoul with DNTV Research, in an interview.

In the midst of all, Yumyung, a Cole Cole provider and a very useful early liquidity provider, who holds it 50 %, is now sitting on dangerous paper gains.

“He made great profits during the coin race, and by earning with useless, he also got [providing liquidity] Park told Coinsk: They are all waiting for the CEX menu, because without it, there is no real way to go out. “

Park tracked the Yeomyung portfolio activity and indicated that his early condemnation inspired the circulation of copies between the Korean retailers. Even the portfolio associated with those familiar with Job Jupiter in Solana. The useless rise reflects a wider development in the behavior of the Korean market.

“I really think that the Korean users in this market are no longer just leaving liquidity,” he said. “They started to understand the market and develop into real global players.”

Another character in this story Bonk manEarly promoter Bonk, who enthusiastically returned to Twitter about useless after the price recovery, although some Korean merchants, including Park, questioned his sincerity.

Park said: “Bonk Jay was the first to Cell Ledbonk,” said Park. “But after the price collapsed, silence. Now that the useless has risen, suddenly showed attention again.”

Park referred to the rise of excessive liquid, Kaya, and now the Solana -based Mimikinat, as evidence that Korea is no longer a secondary market.

Park said that while the XRP gathering was supported by legal clarity in the United States and accounts about the abolition of restrictions during the Trump era, useless chaos for chaos and more as a reflection of place and exhaustion, flowing in today’s market.

With the absence of a road map, no use, and does not claim to build something greater, it inhales a kind of disappointment: collectively ignore traditional encryption promises, and a ridiculous bet on nothingness, which seems to be paradoxes, to be more honest than many distinctive symbols that claim to change the world.

On Tuesday, President Donald Trump supported the genius law in a social position after he passed a party in the Senate, describing him a big step towards the American leadership in the digital assets sector.

(Social truth)

Trump urged the House of Representatives to pass the “Rapid Lightning” bill and without amendments, saying that he must be sent to his office with “No delay, no additional jobs.”

The message refers to strong executive support to support the directive and creation of the national innovation of the Stablecoins Law (Genus), which provides reserve requirements and compliance with the dollar -backed Stablecooin exporters and represents the first major part of the Senate purification legislation.

Trump frame the legislation as a key to enabling “massive investment” and “great innovation”, as the United States was placed as a global pioneer in digital assets.

While the draft law approved the Senate with great support from the two parties, its fate in the House of Representatives is still not certain.

Democratic lawmakers weigh the potential amendments, including the most striking supervision of the foreign symbols and restrictions to potential exporters.

However, the draft law is not without criticism. In a recent opening article by Coindsk, Mali Professor at Georgetown University, James J. Angel, that the genius law is a defective legislation due to the supervision of 55 organizers, excessive operations, exclusion of the streams that carry interests, and inefficiency in detailed rules.

Coinbase (Coin) unveiled Coinbase payments on Wednesday, CoINDESK was previously reported, which is new payments focusing on the merchant based on the base of Ethereum Layer-2.

The producer of global e -commerce platforms such as Shopify allows the acceptance of USDC 24/7 without the need for Blockchain experience, using tools such as exit from stablecoin gas, the API for e -commerce, and Onchain payment protocol.

Coinbase said the system is designed to repeat traditional payment bars while always lowering and offering a settlement. Coinbase launch functions alongside Fintech companies such as Stripe and PayPal in the race to update payments with Blockchain infrastructure.

It also deepens its partnership with Circle Issuer Circle (CRCL), whose shares jumped by 25 % on the news, while Coinbase gathered by 16 %. Coinbase says Stablecoins has processed $ 30 trillion in transactions last year, doubles three times from the previous year, and that betting on the fact that programmed payments and the dollar will continue to disrupt the global financial stack.

BTCBitcoin has recovered over $ 105,000 in a V -shaped recovery despite the escalation of Iranian Iranian tensions, with strong ETF flows and major support at $ 103,650 to highlight institutional confidence amid market fluctuations, according to Coindsk Research Technical Analysis data.
Eth: ETHEREUM has recovered by 4 % to carry more than $ 2,500 despite tensions in the Middle East, indicating the increasing condemnation of accumulation and accumulation amid market fluctuations.
gold: Gold fell 0.19 % to $ 3,383.11 after the Federal Reserve maintained fixed rates at 4.25-4.5 %, with no changes in the imminent policy, while emphasizing the continuation of economic power despite trade tensions.
Nikki 225: The Japanese Nikkei 225 fell 0.27 % on Thursday, as the Asia and Pacific markets were traded, and weighing due to the interruption of the Federal Reserve and Israel’s continuous Israeli tensions.
S & P 500: The S&P 500 index decreased by 0.03 % to 5,980.87 after the Federal Reserve kept fixed rates, as President Powell referred to the waiting and vision approach amid uncertainty about the Trump tariff.