ChainCatcher news, Upbit's operator Dunamu responded to rumors about business suspension penalties. The company stated that the penalty decision by the Financial Intelligence Unit (FIU) has not been finalized and will be defended through subsequent procedures such as the sanctions review committee.Dunamu emphasized that even if the penalty takes effect, it will not affect the trading functions of existing and new users. The core content of the penalty is limited to restricting new users from transferring cryptocurrency assets outside the exchange within a specific period.

ChainCatcher news, the Financial Services Commission of Korea (FSC) issued a statement denying reports about a finalized roadmap for the issuance of real-name cryptocurrency accounts for enterprises.Previously, local media, including the Korea Economic Daily (Hankyung), reported that the FSC plans to release a roadmap by the end of December, proposing a phased approach to issuing cryptocurrency accounts to enterprises (including public institutions and non-profit organizations). These reports mentioned that non-profit organizations (such as universities and local governments) would be prioritized in the first phase to meet liquidity needs rather than for investment purposes.The FSC clarified that no decision has been made regarding the corporate account policy, and relevant discussions are still ongoing within the Virtual Assets Committee. The FSC emphasized that no regulatory measures have been finalized and urged the public to remain cautious about speculative reports.Previous news, according to the Korea Economic Daily, the Financial Services Commission of Korea plans to release a roadmap for the opening of real-name cryptocurrency trading accounts for corporations by the end of December. The first phase will allow non-profit entities such as central government departments, local governments, public institutions, and universities to open real-name accounts.

ChainCatcher News: U.S. President-elect Donald Trump nominated Kevin Hassett as the Director of the National Economic Council and Jamieson Greer as the U.S. Trade Representative on Tuesday local time, filling two key positions in his economic team.These two positions will directly influence much of Trump's economic agenda: imposing new tariffs and tax cuts. Greer is a longtime protégé and deputy of Robert Lighthizer, who served as Trump's U.S. Trade Representative for four years. His selection underscores that tariffs will play a central role in Trump's economic agenda. Hassett is also a veteran of Trump's White House, having served as a senior advisor and chairman of the Council of Economic Advisers. He is a strong advocate for the Republican Party's signature tax policies, and Trump has vowed to extend these policies when many tax cuts expire next year. (Jinshi)

ChainCatcher news, according to The Block, the Consumer Financial Protection Bureau (CFPB) finalized a rule this Thursday that grants it the authority to regulate "large non-bank companies," but explicitly excludes crypto assets. The CFPB stated that this rule only applies to transactions denominated in U.S. dollars.The new rule is titled "Defining Larger Participants in the Market for General Digital Consumer Payment Applications" and applies to non-bank financial companies that process more than 50 million transactions annually, requiring them to comply with the same rules as large banks and credit unions. The CFPB emphasized that the definition of "annual covered consumer payment transaction volume" is limited to transactions denominated in U.S. dollars and does not include digital assets such as Bitcoin and stablecoins.The crypto industry and some Republican lawmakers had previously expressed concerns about the potential impact of the rule on crypto assets. The DeFi Education Fund welcomed this and stated that the regulation of digital assets should be led by Congress, not regulatory agencies.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Collins stated: A rate cut in December is clearly under consideration, but it has not been finalized yet. Currently, there are no signs of price pressure, and more data will be released before December; we will have to continue to assess reasonable interpretations.

ChainCatcher news, according to Ming Pao, the Hong Kong Financial Services and the Treasury Bureau and the Monetary Authority published a consultation summary yesterday on the legislative proposal for the regulation of fiat-backed stablecoin issuers in Hong Kong. The vast majority of respondents agreed that there is a need to introduce a regulatory framework for fiat-backed stablecoin issuers to appropriately manage potential monetary and financial stability risks, and to provide transparency and suitable regulations.The Financial Services and the Treasury Bureau and the Monetary Authority will finalize the legislative proposal based on the opinions and suggestions of the respondents and will submit the bill to the Legislative Council as soon as possible; the Monetary Authority is also processing "sandbox" applications from stablecoin issuers and will announce the list of participants in the short term. According to the consultation, most respondents support the requirement for the total value of reserve assets for fiat-backed stablecoins to be maintained at full reserve at all times. Some respondents raised potential difficulties in real-time reconciliation and the need to periodically replenish reserve assets to ensure that the market value of the reserve assets is at least equal to the face value of the circulating fiat-backed stablecoins.In addition, the consultation document suggests that the minimum paid-up capital for issuers should be at least 2% of the total amount of circulating fiat-backed stablecoins, or HKD 25 million, whichever is higher. Some respondents believe that it is difficult to maintain sufficient capital based on the circulation of fiat-backed stablecoins. The authorities will change the minimum paid-up capital requirement to HKD 25 million or 1% of the circulation of their stablecoins, whichever is higher, while the Financial Commissioner retains the flexibility and power to impose additional capital requirements when necessary.

ChainCatcher news, The ETF Store President Nate Geraci posted on social media that the revised S-1 will be due today (July 8), and it is still unclear how quickly the U.S. Securities and Exchange Commission will process it.Nate Geraci mentioned that he is particularly concerned about the fees, and according to his previous predictions, the Ethereum spot ETF may be launched within the next week or two.

ChainCatcher News, the IRS has finalized new regulations for taxing cryptocurrencies, requiring cryptocurrency exchanges to report transactions to the IRS starting in 2026. However, decentralized platforms that do not hold assets will be exempt.These are the main points of the new rules finalized by the IRS and the U.S. Treasury on Friday, essentially implementing a provision from the Infrastructure Investment and Jobs Act passed by the Biden administration in 2021.Even without these new regulations, cryptocurrency holders are required to pay taxes; however, there has not been a real standardization on how to report these holdings to the government and individual investors. Starting in 2026 (covering transactions from 2025), cryptocurrency platforms must provide a standard 1099 form, similar to the forms sent by banks and traditional brokerage firms. In addition to simplifying the tax process for cryptocurrencies, the IRS has also stated that it is working to combat tax evasion.

ChainCatcher news, according to Jinshi reports, sources reveal that the Reserve Bank of India supports banning stablecoins. The government panel responsible for formulating India's cryptocurrency policy may finalize the report in June.

ChainCatcher news, Binance founder and former CEO Changpeng Zhao stated on the X platform that the LOGO for the educational game project Giggle Academy has been finalized. This LOGO showcases youth, fun, positive energy, and growth, while respecting the "Binance tradition."According to Changpeng Zhao, 1. The LOGO is a child's face, symbolizing youth; 2. The smiley face is composed of the characters "Gi" (rotated 90 degrees counterclockwise), as in "Gi"ggle. 3. The curved "i" represents a wink. Fun and playful. 4. The G is a tongue sticking out from the mouth, inspired by the emoji 😋. 5. The face outline can resemble a sunflower, symbolizing livelihood and rapid growth. 6. The face outline consists of two overlapping squares, expressing our respect for the "Binance tradition," as Binance's LOGO is more square-shaped. 7. The colors are yellow and black, also due to the "Binance tradition," although the yellow is a light shade, making it more playful. 8. The face outline can also resemble the sun, especially in light yellow, symbolizing positive energy and benefiting overall growth.

ChainCatcher news, according to Cointelegraph, Nigerian presidential advisor Onanuga has revised his statement, claiming that his words were distorted, and pointed out that Binance has not yet received a clear fine. Onanuga clarified that he did not say Binance had been informed about the fine, nor did he say that the fine amount would reach 10 billion dollars. He only mentioned the possibility of a fine amount, as there is currently no final outcome. Regarding the 10 billion dollar fine against Binance, local media reported that Binance is unaware and has not been informed.

ChainCatcher message, Ethereum core developer parithosh stated on social media that the Goerli fork has been finalized. After the fix patch, validators are back online, and the chain has started finalizing again. The MEV breaker is automatically disabled, and MEV blocks have also started operating.In addition, the number of blobs submitted to the network is normal.

ChainCatcher news, Bloomberg ETF analyst James Seyffart stated that according to Grayscale's latest submitted Bitcoin spot ETF S-3 update document, its fee rate has decreased from 2% to 1.5%, but there is a clause regarding fee waivers.Therefore, the current Grayscale spot Bitcoin ETF fee rate has not been finalized, so Grayscale may further lower its ETF fee rate.

ChainCatcher news, Fox reporter Eleanor Terrett posted on social media that the SEC is holding meetings today with exchanges (Nasdaq, Chicago Options Exchange, NYSE) to finalize comments on the 19b-4s submitted by Bitcoin spot ETF issuers.

ChainCatcher news, according to webtekno, based on the Turkish "Official Gazette" that published the "Decision on the Approval of the 2024 Presidential Annual Program (Decision No: 7739)", the Turkish government plans to finalize regulations regarding crypto assets next year, with crypto assets being clearly defined, and individuals engaged in crypto asset trading will be taxed on the income generated from it.In addition, the report mentioned a new regulation for exchanges, which will focus on regulatory work for crypto asset service providers.

ChainCatcher news, the European Central Bank (ECB) has finalized the prototype of the digital euro and is set to make a decision later this year on whether to develop the digital euro in a new format.The European Central Bank stated that the design of its potential central bank digital currency (CBDC) could promote innovation, but it seems to hold more skepticism towards the use of Web3-style distributed ledger technology and smart contracts. (source link)

ChainCatcher news, the privacy network Aleo is resetting the network to launch the Finalize feature. This feature will allow Aleo to achieve the best performance of Ethereum while supporting privacy.For example, through Finalize, Uniswap on Aleo can maintain user identity privacy while publicly exchanging amounts, providing the benefits of ZK privacy and scalability. (source link)

ChainCatcher news, according to the Financial Times, UBS and Swiss regulators are eager to finalize the deal for Credit Suisse on Saturday night. The Swiss central bank and the regulator FINMA have indicated to their international counterparts that they believe reaching a deal with UBS is the only option to prevent a collapse of market confidence in Credit Suisse. (source link)