ChainCatcher news, according to the Korea Economic Daily, South Korean financial regulators will strengthen their monitoring of the market, particularly focusing on stocks related to Donald Trump and the increasing volatility in the cryptocurrency sector. This decision was made following the recent election results in the United States and the latest Federal Open Market Committee (FOMC) statement from the Federal Reserve. At a meeting on November 8, the Financial Supervisory Service (FSS) Commissioner Lee Bok-hyun emphasized that strict measures should be taken against market manipulation and the spreading of unfounded rumors if there is evidence to support it.

ChainCatcher news, according to the Financial Times in the UK, cryptocurrency trading platforms are rapidly expanding into the derivatives space, hoping that stricter regulations and promises of high leveraged returns can attract cautious investors into the market.According to the latest data from CCData, cryptocurrency derivatives trading has accounted for 71% of the total trading volume of digital assets, with the total open interest surpassing $40 billion for the first time, demonstrating the dominant position of the derivatives market. Market leader CME Group has seen record trading volumes and open positions this year and is actively expanding its product line, with the newly launched Bitcoin Friday futures contracts specifically matching the New York trading cycle, further meeting the needs of institutional investors.The derivatives sector is attracting a large number of new players. The Dutch cryptocurrency derivatives exchange D2X is set to launch operations in November, while London's One Trading and GFO-X plan to open in early 2025. Additionally, Kraken has established a trading platform in Bermuda this month, directly competing with CME Group, Binance, and Bybit.Jason Urban, Global Head of Trading at Galaxy Digital, pointed out that after the collapse of crypto lending institutions like FTX, unsecured lending has essentially disappeared from the ecosystem, leading investors to turn to the derivatives market in search of leveraged opportunities.

ChainCatcher News, SEC Commissioner Mark T. Uyeda urged the United States to take a more proactive approach to cryptocurrency regulation, pointing out the leading position of Indo-Pacific countries such as Japan, Singapore, and Hong Kong in this field. He emphasized that these countries have established clear frameworks that support innovation while protecting investors, in contrast to the United States, where the lack of clear guidelines creates uncertainty for market participants.Mark T. Uyeda praised the regulatory progress in the Indo-Pacific region, stating, "I believe we can learn a lot from the practices of market regulators in the Indo-Pacific region, especially in how to advance these values and goals." He noted that Indo-Pacific countries have developed forward-looking regulations that balance the need for innovation with investor protection.It is reported that the Indo-Pacific region encompasses the Indo-Pacific waters, typically including countries and political entities near these waters, and is broader in scope than the Asia-Pacific region.

ChainCatcher news, according to Decrypt, before the European Union introduces a new round of laws and regulations to combat money laundering and terrorist financing, Irish Finance Minister Jack Chambers will draft "emergency" legislation to update the country's cryptocurrency regulations. However, the minister did not explicitly indicate what these rules would include, nor did he specify when they would take effect. Chambers was appointed to the position in June 2024, having had little experience as a cryptocurrency regulator.It is reported that the EU's Anti-Money Laundering and Counter-Terrorism Financing Act will take effect on December 30, 2024, granting EU member states' Financial Intelligence Units (FIUs) greater investigative powers and the ability to suspend transactions.

ChainCatcher message, encrypted KOL Ansem commented on Harris's commitment to protecting Black cryptocurrency investments, stating, "Your team lacks due diligence on meaningful cryptocurrency regulation and has released some vague points, which is embarrassing and frankly shameful. If you are serious, you need to address the irreversible damage your administration has done to the industry, such as chokepoint 2.0 and criminal actions against crypto-friendly banks like Silvergate, the repeal of SAB121 veto power, the ongoing lack of meaningful regulation around stablecoins or crypto securities law, and the failure to take any action to remove Gensler, as he is clearly too aggressive and negatively biased against cryptocurrencies in SEC litigation. We are not idiots, and this won't make any of us vote for you."

ChainCatcher news, the Federal Court of Australia ruled that Kraken's Australian operator Bit Trade Pty Ltd violated Section 994B of the Corporations Act by failing to conduct a "target market determination" before launching a product, which is a compliance step required by law. Kraken stated that this ruling reflects the ambiguity of cryptocurrency regulations in Australia. While Kraken is committed to complying with the ruling, a company spokesperson believes that the current regulatory framework is unfavorable to investors and calls for legal clarity in the cryptocurrency and Web3 sectors as soon as possible. ASIC plans to seek economic penalties against Bit Trade, and ASIC and Bit Trade have seven days to reach an agreement on the statement and injunction.

ChainCatcher news, Brazil's securities regulator CVM is investigating the country's tokenization activities. According to local media reports, the CVM has sent letters to several companies providing tokenization services to third parties, requesting data related to their operations and the types of tokens issued in these activities.Some of the questions raised in these letters pertain to the number of tokenization operations completed by each company, the names of the assets supporting these operations, and the so-called classification of these tokens (utility tokens, payment tokens, or securities).

ChainCatcher news, a16z founders Ben Horowitz and Marc Andreessen recently discussed the various challenges facing the cryptocurrency industry under the current administration, during which they also endorsed former President Trump.The two founders publicly criticized the Biden/Harris administration's handling of the cryptocurrency industry, emphasizing a series of regulatory challenges that they believe are stifling innovation and growth in the sector.In the podcast conversation, Ben Horowitz and Marc Andreessen elaborated on their dissatisfaction with the U.S. SEC. They pointed out that the regulatory agency has not provided clear guidance on which cryptocurrencies are considered securities and which are considered commodities.

ChainCatcher news, the president of ETF Store stated that the U.S. Securities and Exchange Commission's approval of the Ethereum spot ETF "strongly suggests that ETH is a commodity, not a security." This is a milestone moment as it indicates that crypto assets can transition from being classified as securities to commodities over time.Market analysts are optimistic about the future of Ethereum, especially with the upcoming launch of five spot Ethereum ETFs on July 23 at the Chicago Board Options Exchange (Cboe). The transition to Proof of Stake (PoS) and the new ETF issuance are expected to generate significant investment interest.

ChainCatcher news, Fox Business reporter Eleanor Terrett disclosed that U.S. Treasury Secretary Janet Yellen stated during her testimony before the House Financial Services Committee that she has not been "micromanaging" the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding cryptocurrency regulation, meaning she has not provided guidance or coordination.

ChainCatcher message, Vitalik responded to a user on the Warpcast platform, stating that the current regulatory work has essentially driven honest cryptocurrency developers into a corner. The main challenge of cryptocurrency regulation (especially in the United States) has been this phenomenon: if you do something useless, or if you ask people for money in exchange for vague mentions of potential returns, then you are free and clear. But if you try to clearly explain to your clients where the returns come from and promise them what rights they have, then you are doomed, because you are a "security." The incentive gradient created by this "anarchic tyranny" will ultimately be worse than pure anarchy or pure tyranny.

ChainCatcher news, according to Crypto Briefing, the New York cryptocurrency exchange Uphold announced that due to the upcoming implementation of the Markets in Crypto-Assets (MiCA) regulation in the European Economic Area (EEA) on June 30, the platform will stop supporting multiple stablecoins starting July 1.The affected stablecoins reportedly include Tether (USDT), Dai (DAI), Frax Protocol (FRAX), Gemini Dollar (GUSD), Pax Dollar (USDP), and TrueUSD (TUSD). Uphold advises users to convert their relevant stablecoins before June 27 to avoid automatic conversion to USDC on June 28.

ChainCatcher news, Ice (ICE) disclosed on its official social media that after exclusively launching on OKX, it received a large number of community complaints, such as "users find it difficult to search for ICE tokens on OKX, and trading is restricted due to local compliance requirements." In addition, the Chinese community has reported additional issues such as "users not receiving ICE tokens through distribution and being unable to purchase ICE tokens."It is reported that OKX announced the listing of Ice (ICE) tokens on its spot trading market on January 15.In response, OKX CEO Star stated that for a long time, based on regulatory requirements in local jurisdictions and from the perspective of protecting retail investors, OKX has different listing policies in different jurisdictions. He expressed that they will continue to cooperate and do their best to meet customer needs.