Bitcoin Analysts Optimistic as China Surprisingly Fixes Yuan Beyond 7.2 Level

Odaily Planet Daily News: According to @ OnchainLens monitoring, a whale address transferred 1161.77 ETH to Kraken after being dormant for two and a half years, with a current price of approximately $1.84 million and a cumulative profit of approximately $480000. The address initially withdrew 943 ETH from Binance and exchanged $253700 USDC for 146.59 stETH to participate in staking, during which a total of 72 ETH were obtained as profits.

On April 17th, according to Bitcoin Laws, the North Carolina Bitcoin Reserve Act HB 92 has been passed by the House Pension and Retirement Committee. Before conducting a full vote, the bill still needs to pass through three committees: Rules, Agenda, and House Operations Committee.

Odaily Planet Daily News: The Financial Services Commission (FSC) of South Korea is studying the feasibility of allowing banks to directly provide cryptocurrency custody services, and is currently conducting internal discussions on the relevant regulations. If approved, this will mark an important step for South Korea in the integration of cryptocurrency regulation and traditional finance. This policy is believed to help improve the security and compliance of cryptocurrency custody, while also opening up new business directions for banks. （조세일보）

According to BlockBeats, on April 17th, according to @ ali_charts, Ethereum Whale has sold a total of 143000 ETH in the past week.

According to the Daily News, the Financial Services Commission (FSC) of South Korea has reiterated its commitment to a stable and timely regulatory framework for stablecoins. Previously, the South Korean government announced plans to review the second phase legislation of its broader virtual asset framework, with stablecoin regulation listed as a top priority. FSC confirms that it will adhere to the original schedule and aim to draft the specific content of the second phase of regulation in the second half of this year. A specialized working group composed of relevant government agencies will be responsible for organizing this process. The committee also stated that, given the recent intensification of market volatility, it will strengthen monitoring of the broader virtual asset market, including stablecoins. These efforts aim to strengthen the protection of cryptocurrency users.