> South Korea's Central Bank Senior Vice Governor Ryu Sang-don said on Tuesday that the introduction of a Korean won stablecoin should adopt a gradual approach of "first banks, then non-bank institutions" to ensure financial stability. He emphasized that stablecoins could affect monetary policy and payment systems, necessitating the establishment of security mechanisms, echoing concerns previously raised by Central Bank Governor Lee Chang-yong regarding capital liquidity.

Written by: Fang Jiayao
Source: Wall Street News

On Tuesday, the Senior Deputy Governor of the Bank of Korea, Yoo Sang-don, stated that the introduction of a stablecoin denominated in Korean won should be gradual, beginning with the issuance of Korean won stablecoins by the most strictly regulated commercial banks, and then gradually allowing non-bank institutions once they have gained experience. This statement marks an important step for South Korea in the construction of a regulatory framework for digital currency.

Starting from bank pilot programs

Liu Xiangdun emphasized at the press conference that the introduction of stablecoins could have a significant impact on monetary policy and the payment settlement system.

TheCryptoBasic posted a thread that breaks down how high XRP would need to climb for investors to retire on it – and the numbers are pretty interesting.
The idea is centered around owning 10,000 XRP. If you’re thinking long-term, like retiring with $1 million or even $5 million from that stack, the

Author: William M. Peaster Source: Bankless Translation: Shan Ouba, Jinse Finance
According to data from DefiLlama, Tether's stablecoin USDT currently has a market capitalization of over $156 billion, more than double that of its competitor Circle's USDC (over $60 billion).
In this market-dominated situation, the two major news events that occurred this month make this trend even more intriguing:
Circle's blockbuster IPO: After going public, the stock price soared, reaching a market value of 60 billion dollars.
The GENIUS stablecoin bill is advancing in the U.S. Congress: this bill establishes specific standards for stablecoin issuers, while USDT has not yet fully met these standards.
In the face of this background, Bankless interviewed

Written by: Wenser (@wenser 2010)

No one expected that overnight, the Israel-Palestine conflict would suddenly calm down from a tense standoff; at the same time, the Federal Reserve, which has never hinted at rate cuts, also began to signal that it might resume rate cuts in July. Possibly influenced by these two macro-level favorable factors, the crypto market showed a strong recovery overnight, with BTC briefly rebounding above $106,000; ETH rebounding above $2,400.

Odaily Planet Daily will summarize the "New Middle East Events" and news related to the Federal Reserve from last night and today for readers' reference.

Trump's "War Scepter": From Middle East Alerts to Israel-Hamas Ceasefire

As we mentioned earlier in the article "The U.S. Strikes Iran's Nuclear Facilities, ETH Plummets 7%", Trump mobilized military forces.

Celestia's founder Mustafa Al-Bassam addresses allegations of token dumping, defending the team's transparency and ethics. The situation emphasizes the importance of trust and transparency in the evolving blockchain landscape.

Floki’s Valhalla released its latest and most content-packed update yet—Valhalla Patch 0.35.0. Touted as a transformative milestone for its flagship metaverse MMORPG, this update introduces new characters, deeper combat mechanics, and a strategic resource system that elevates gameplay.
Worth

Samson Mow predicts a surge in Bitcoin prices, potentially reaching $1 million per coin, supported by Bitcoin's scarcity and decentralized nature. Meanwhile, Strategy and Metaplanet announce significant acquisitions of Bitcoin, reflecting ongoing bullish sentiment in the market.

Key Insights
Ethereum saw a massive 12.8% price crash, which was worse than Bitcoin's decline.
Despite the crash, an Ethereum whale still bought $39 million worth of ETH in a clear "buy the dip" strategy.
Mega-whales have collectively accumulated over 116,000 ETH ($263.5 million) on June 21, a

Stablecoins are tools, not strategies. This article is sourced from a piece written by Jinse Finance and compiled, translated, and authored by Foresightnews. (Background: Hong Kong's "Stablecoin Law" takes effect on August 1; Hong Kong Monetary Authority's Yu Weiwen: stablecoins are not speculative tools, three major thresholds constitute the Hong Kong dollar's moat.) (Additional background: Peter Schiff "I understand Bitcoin so I don't hold it": unable to comprehend U.S. treasury stablecoins, it's better to hold gold reserves in USD.) On May 19, Morgan Stanley's Chief Economist for China, Xing Ziqiang, also led the publication of a research report titled "Stablecoins and RMB Internationalization?" Let’s take a look at how foreign securities firms view stablecoins and their impact on RMB internationalization. The full text is as follows: We believe that China's recent interest in stablecoins is due to concerns that U.S. stablecoin legislation may expand the dominance of the U.S. dollar. The People's Bank of China is positioning Hong Kong as a...

📉 The Federal Reserve has taken an unexpected step toward embracing the crypto sector. It has officially removed the concept of “reputational risk” from its bank evaluation framework, meaning financial institutions will no longer be penalized for working with controversial industries — such as crypt