British criminal gang exposed for turning to gold money laundering, as it is more difficult to trace but evidence is still limited

According to South Korean media reports, the Financial Commission of South Korea plans to conduct an investigation into the fee levels of major cryptocurrency exchanges in the country, in order to assess whether current fees impose excessive burdens on users and explore the necessity of policy intervention. This investigation is one of the specific implementation steps of President Lee Jae ming's promise to reduce transaction fees for cryptocurrency during the campaign. The Financial Commission revealed in the work report of the National Policy Planning Committee that this investigation will cover major exchanges including Bithumb, Upbit, and Coinone, with a focus on studying the fee rate system, charging methods, and amounts. Meanwhile, reference will also be made to overseas cases to determine the reasonable level of handling fees. President Lee Jae myung had previously promised to reduce the current handling fee level of about 0.05% to 0.015%. The Financial Commission stated that this investigation is a preliminary preparation for the reduction of transaction fees, and a specific target fee rate has not yet been set. Policy standards will be formulated through comparative analysis of domestic and foreign exchanges and user convenience evaluation. Previous news, analysis: South Korean President Lee Jae myung's promise of cryptocurrency reform has not significantly boosted market enthusiasm, and the activity of cryptocurrency trading in South Korea is still at a low level.

BlockBeats News: On June 19th, according to Cryptonews, after Iran's largest cryptocurrency trading platform suffered a cyber attack that resulted in losses exceeding $90 million, the Iranian central bank has ordered all domestic cryptocurrency exchanges to limit their business hours. The new regulations limit trading hours to between 10am and 8pm, which seems to be a direct response to the hacking attack on Nobitex. This move aims to strengthen supervision and reduce the likelihood of future incidents, especially during non working hours when network security response times are slow.

Foresight News: WOO Ignition launches Spark (SPK) Yield Farming campaign. The subscription window will open at 18:00 on June 18th and close at 16:59 on June 23rd. After the mining period ends, at 18:59 on June 23rd, all accumulated profits will be settled. The total amount of SPK liquidity mining for WOO X this time is 93375 SPKs, and all profits will be distributed in SPKs. A single user's subscription hard top is 1 million WOO. In addition, early redemption is not allowed in this event.

Odaily Planet Daily News: China Economic Net's "Economic Daily" published an article today titled "Instability Risks Behind Stablecoins", stating that the stablecoin market has continued to heat up recently, with Circle experiencing a 168% surge on its first day of trading, causing high market attention. The current global market value of stablecoins is 250 billion US dollars. According to its analysis, stablecoins can bypass some traditional intermediaries and directly complete payments, storage, and value transfer on the blockchain, which has practical significance in scenarios that require high-frequency transactions, cross-border transfers, and digital economy settlements. But when there is a shortage of reserves or large-scale redemptions, stablecoins may face decoupling risks. The regulatory framework for stablecoins on a global scale has not yet been fully established, which may lead to risks such as regulatory arbitrage. If there are differences in regulatory standards among countries in the future, the global circulation of stablecoins may be hindered. At present, stablecoins still face a series of challenges and uncertainties, with the core issue being their high dependence on the liquidity and credit security of anchored assets.

On June 19th, according to Onchain Lens monitoring, a whale extracted 1.5 million USDC from Binance and purchased 1.58 million AEROs for $0.95.