๐ This Weekโs Must-Know Crypto Updates!
Focusing on key developments impacting emerging markets and the global south, here are the top stories you need to know this week ๐
๐ฐ๐ท South Korea Urged to Consider Bitcoin Reserves
Industry lobbyists and members of the Democratic Party are pushing for South Korea to adopt Bitcoin as part of its national reserves. Could this signal a shift in Asiaโs approach to crypto-backed reserves?
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๐ฏ๐ต Japan Approves Crypto Brokerage & Stablecoin Reforms
Japan moves forward with regulatory clarity by approving a new framework for crypto brokerages and stablecoin laws. Will this boost institutional adoption?
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๐ Crypto Market Liquidations Soar to $620M as Bitcoin Leads Market Collapse
Despite strong fundamentals, the market experienced massive liquidations, wiping out leveraged traders as Bitcoin dipped. Could this be a short-term shakeout before the next rally?
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๐ญ๐ฐ Hong Kong Coin Fraud: Scammers Impersonate Chief Executive for Fake Crypto Launch
Scammers in Hong Kong used deepfake technology to impersonate the Chief Executive in an elaborate fraud scheme. A stark reminder that security in Web3 remains a top priority.
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๐ท๐บ Russia Rules Out Bitcoin for National Wealth Fund, Sticks to Yuan & Gold
Despite global adoption trends, Russia remains firm on using traditional assets over Bitcoin for its wealth reserves. What does this mean for cryptoโs role in state treasuries?
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๐ Crypto Market Insights
- Fear dominates the market, yet fundamentals remain strong. Negative sentiment is at unprecedented levels, testing even the strongest believers.
- The 2025 bull cycle is extending, diverging from past patterns as traditional markets weaken, dragging crypto prices down.
- Bitcoin CME gap remains open, hinting at potential further downside before the next move upward.
- Whales are accumulating while leveraged traders are getting liquidatedโclassic signs of market cleansing before stronger hands take over.
- Political volatility is impacting financial markets, creating uncertainty across both traditional and crypto spaces.
๐ Overall Sentiment: The market is in a state of extreme fear, but seasoned investors see this as an opportunity. Retail traders may panic, but institutional players are quietly positioning for the long term.
๐ Edited by: Shaun (The Cult Sage), Mokeira
๐ Researched by: Lorenzo
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