BTC breaks through the $114500 mark

[South Korean Lawmaker Proposes Stablecoin Regulation Bill: Issuers Must Hold at Least $3.6 Million] According to a report by Jinse Finance, South Korean lawmaker Kim Hyun-jung has introduced a new legislative proposal aimed at regulating stablecoins. The bill requires stablecoin issuers to hold a minimum capital of 5 billion KRW (approximately $3.6 million), submit a robust business plan, maintain necessary facilities and qualified personnel, and obtain approval from the Financial Services Commission (FSC). Additionally, the bill stipulates that stablecoins issued overseas must register with the FSC before entering the South Korean market.

Key support held at $0.21, tested at mid-session before high-volume reversal.

Crypto markets are treading water as investors wait for Fed Chair Jerome Powell’s Jackson Hole speech, where a hawkish tone could drag bitcoin lower while a dovish pivot may offer relief.

[Scammer Impersonates UK Police Officer to Steal $2.8 Million in Cryptocurrency] North Wales Police are investigating a cryptocurrency fraud case in which a scammer posing as a senior UK police officer stole Bitcoin worth £2.1 million (approximately $2.8 million). The scammer exploited leaked data and fabricated an emergency situation to trick the victim into entering their cold wallet's seed phrase, resulting in the theft of funds. Police described the case as highly targeted and sophisticated.