Express News | Analysis: Failure to Pass the Clarity Act May Create Opportunities for DeFi

According to CoinDesk, executives in the crypto industry believe that the failure to pass the Clarity Act will create opportunities for decentralized finance (DeFi), although established exchanges are likely to maintain their competitive advantage. Related initiatives by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) may drive the expansion of regulated on-chain trading and increase institutional participation. Legal experts indicate that while the regulatory framework is expected to advance gradually, there remain gaps that require resolution by the U.S. Congress.

Latest02:58

Express News | Central Bank of Argentina: No Short-Term Push for Crypto-Banking Integration; 2022 Ban Remains in Place

On October 11, Bitcoin.com reported that Juan Curutchet, Head of Financial Institutions and Foreign Exchange at the Central Bank of Argentina (BCRA), stated that cryptocurrencies and digital assets would not be integrated into the banking and payment systems in the short term. He noted that there would be "no changes this year," but viewed integration as a possibility during a potential "second Milei term." This statement contradicts earlier rumors suggesting a potential relaxation of regulations on digital assets, with some banks claiming that a draft allowing banks to offer crypto services is being prepared. This implies that the BCRA's 2022 regulation prohibiting financial institutions from providing crypto services will remain in effect, with its repeal contingent on economic conditions prior to the general election. Curutchet acknowledged that current economic vulnerabilities limit the scope for progress but considered these issues part of a "pending agenda." Despite the ongoing ban, several banking groups are advancing their own stablecoin projects through independent entities, offering programmable money functions such as treasury management, payments based on on-chain events, and collateralized credit management to circumvent current restrictions. According to Chainalysis, Argentina received over $88.5 billion in cryptocurrency value in the 12 months ending June 30, making it the second-largest crypto hub in Latin America.

LatestOct 11 19:35

Trading Boom and Industrial Constraints: Why Is South Korea’s Crypto Industry Mired in Structural Dilemmas?

South Korea has long been one of the most unique countries in the global cryptocurrency market.

Jinse FinanceOct 11 17:08

Express News | Japanese police arrest six suspects in crypto money-laundering case involving approximately 91 million yen

On October 11, Jiji Press and TBS reported that Japanese police arrested six individuals suspected of laundering money for fraud syndicates through crypto assets. Police investigations revealed that the group allegedly processed approximately 91 million yen (about $580,000) in fraud proceeds between February and March 2024, involving around 30 victims. The funds were first deposited into corporate bank accounts, then converted into BTC, transferred overseas and exchanged for USDT before being sent back to the fraud syndicate. The suspects reportedly received commissions of about 1%.

LatestOct 11 16:33

Weekend Reading | Renowned Investor Kevin O'Leary: The Next Wave of AI Opportunities Lies in Energy, While Crypto Is Seeking New Value

Source: BlockBeats As AI investment shifts from model‑centric competition to infrastructure‑driven expansion, the market's focus is moving away from "who can build the strongest model" and toward "who can provide the sustainable foundation for the entire AI industry." While chips, computing power, and model capabilities remain critical, as data center scales grow, factors such as electricity supply, energy costs, and long‑term infrastructure contracts are increasingly becoming key determinants of AI investment returns. With technological progress gradually gaining market consensus, a more fundamental question is emerging: if it remains impossible to predict in advance the ultimate winner of the technology race, then investment…

Rhythm BlockBeatsOct 11 11:58

Express News | A Ledger user had 7 million USDT stolen after depositing them, potentially marking the largest single loss in this incident.

On October 9, monitoring by Lookonchain revealed that funds belonging to some users who purchased Ledger hardware wallets were stolen. The affected devices were all bought from the distributor CryptoBillis, with reported total losses approaching $90 million. Among them, a user with the address labeled TY24Ya had purchased the device three weeks prior and deposited 7 million USDT into it. However, approximately 10 hours ago, these funds were entirely stolen, potentially representing the largest single loss in this incident.

LatestOct 9 23:48