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The Bitcoin price has faced pressure together with the poor performance of Michael Saylor Strategy (MSTR) stock. The market mood has shifted as Michael Saylor revised its issuance policies, which has caused uncertainty. Even after the correction, Bitcoin still trades within a key structure. Bitcoin Price Tied to MSTR as Stock Crash Sparks Fresh Uncertainty
The post Bitcoin Price Prediction as MSTR Stock Crashes- Should Investors Worry? appeared first on CoinGape.
The post South Korea Moves to Regulate Won-Based Stablecoin with New FSC Bill appeared first on Coinpedia Fintech News
South Korea’s Financial Services Commission (FSC) is all set to unveil a new bill in October aimed at regulating won-denominated stablecoins, Money Today reported.
The bill is part of the second phase of the Virtual Asset User Protection Act, and will set rules for issuance, collateral management, and internal controls.
At a forum about won-denominated stablecoins, Democratic Party lawmaker Park Min-gyu said he recently got a report from the FSC, outlining the plans for stablecoins. The government is expected to submit its proposed legislation to the National Assembly around October.
Since last November, the FSC has been working on the second phase of the Virtual Asset User Protection Act, aiming to finalize the bill in the second half of this year.
Won-denominated stablecoins are becoming a hot topic in South Korea.
President Lee Jae-Myung promised them during his campaign, and lawmakers are drafting bills to make them a reality. As the US strengthens its dollar-backed stablecoin system, South Korea’s crypto industry is pushing for won-denominated stablecoins to boost domestic control and reduce reliance on the dollar.
Several bills on won-based stablecoins are moving through South Korea’s parliament.
Key proposals include Min Byung-deok’s Digital Dasan Framework Act, Ahn Do-geol’s Value-Stable Digital Assets Act, and Kim Eun-hye’s Payment Innovation Act. These discussions are expected to gain more momentum once the FSC releases its government-backed bill, alongside these lawmakers’ proposals.
Previously in June, Eight major South Korean banks revealed plans to launch a stablecoin pegged to the won. A joint venture could be launched by the end of this year or early next year, once legal regulations are in place.
Meanwhile, Yonhap reported that the four big banks, KB Kookmin, Shinhan, Hana, and Woori, are considering meetings with Circle President Heath Tarbert, who will visit Korea next week.
Japan is also moving toward its first yen-based stablecoin. Nikkei reported that fintech firm JPYC could receive regulatory approval to issue it as soon as this fall.
However, experts have also voiced concerns over potential risks.
Bank of Korea’s governor recently warned about the risks of won-based stablecoins. He says that only licensed banks should should issue the stablecoin to avoid currency risks. While Senior Deputy Governor Ryoo Sang-dai said won-based stablecoins should start with regulated banks and later expand to non-banks.
The post South Korea Moves to Regulate Won-Based Stablecoin with New FSC Bill appeared first on Coinpedia Fintech News
South Korea’s Financial Services Commission (FSC) is all set to unveil a new bill in October aimed at regulating won-denominated stablecoins, Money Today reported. The bill is part of the second phase of the Virtual Asset User Protection Act, and will set rules for issuance, collateral management, and internal controls. FSC to Submit Stablecoin Bill …
As publicly listed companies increasingly consider accumulating digital assets as part of their financial strategies, Bittensor (TAO) is emerging as a strong contender alongside options like Bitcoin, Ethereum, Solana, and XRP.
Experts and recent moves by companies such as Oblong and Synaptogenix reinforce the belief that TAO could become a store of value.
Recently, Oblong, a Nasdaq-listed IT solutions provider, announced its plan to raise $7.5 million through a private stock offering. The funds will support its digital asset and AI strategy, which is based on Bittensor.
According to a press release on June 6, the company will primarily use the money to purchase TAO tokens and to develop the decentralized AI market, including Subnet 0. This strategy aims to generate yield from holding TAO. After the announcement, Oblong’s stock jumped 12%, with nearly 2 million shares sold at $3.77 each.
In addition, Synaptogenix, another Nasdaq-listed firm, revealed its plan to initially acquire $10 million worth of TAO, more than double the company’s current market capitalization.
“Based on our initial review, we believe the fixed market supply of 21 million TAO tokens alongside rapidly increasing global demand for AI development and adaptation makes TAO a compelling cryptocurrency,” Joshua Silverman, Chairman of the Board, said.
Synaptogenix has set a long-term goal to increase its TAO holdings to $100 million. The effort is led by well-known crypto and AI expert James Altucher.
Altucher emphasized that this strategy focuses not just on potential profits from staking and token price growth. It also aims to rebrand the company’s name and stock ticker to reflect its TAO-based digital asset strategy. This demonstrates Synaptogenix’s strong belief in Bittensor’s long-term potential.
Oblong and Synaptogenix’s moves come as other companies are choosing Solana (SOL), XRP, or Ethereum as strategic reserves.
Many industry experts also share a positive outlook on TAO. Their confidence is driven by the fact that Bittensor operates a token economy with a fixed supply, similar to Bitcoin, and incentivizes participation and contributions to the network.
A recent report by BeInCrypto showed that the number of subnets on TAO has reached a new all-time high. Institutional investors are also beginning to eye TAO for its staking returns.
“TAO is the only project that has the necessary ingredients to get to the level of BTC. Top 3 is inevitable,” hedge fund manager Pedro Teixeira, predicted.
According to data from CoinMarketCap, TAO is currently the top altcoin among AI tokens, with a market cap of over $3.8 billion. It also holds a leading position in Grayscale’s AI Sector. Meanwhile, AI tokens continue to be one of the most prominent themes in the market today.
At the time of writing, TAO is priced at $434, up 25% since the beginning of the month. However, to overtake XRP and become a top 3 altcoin—as Pedro Teixeira predicts—TAO’s price would need to increase fivefold.
That said, this expectation may face headwinds. Bitcoin dominance is on the rise again in June, and altcoin season has yet to arrive. Furthermore, some experts warn of risks if the trend of public crypto vehicles spreads widely to altcoins beyond Bitcoin.
The post Bittensor (TAO) Becomes the Next Pick in the Wave of Public Crypto Treasuries appeared first on BeInCrypto.
Dogecoin price is poised for a potential breakout after forming a rare diamond bottom pattern on the daily chart. According to technical analyst Trader Tardigrade, the DOGE price structure shows a bullish reversal setup that could send the DOGE price over 105% higher to $0.35.
This bullish forecast comes despite Dogecoin price falling 1.5% in the last day and 3% in the last week. However, in the last 30 days, bulls have had the upper hand with DOGE price soaring 15%.
Trader Tardigrade has identified a diamond bottom pattern on the daily DOGE/USD chart. This pattern typically signals a bullish reversal when it forms after a sustained downtrend. According to the chart, the breakout level is around $0.165–$0.17.
This projection places the DOGE price target between $0.255 and $0.35. The chart also shows a dotted green arrow pointing toward the $0.35 level, suggesting a more optimistic scenario for a breakout extension.
Ali Charts, another crypto analyst, noted that Dogecoin price is testing support at $0.167. He stated, “Holding this level could spark a rebound toward $0.175 and potentially $0.183.” Both analysts agree that maintaining the $0.165–$0.167 zone is critical for bullish momentum to continue.
The Price Momentum Oscillator (PMO) also confirms a bullish crossover, which may support further gains if buying volume increases. These indicators support the case for a possible rally if current support holds.
DOGE ETF speculation is rising in the market as several asset managers have applied for approval. These include Bitwise, 21Shares, Grayscale, and REX Shares. They are awaiting clearance from the U.S. Securities and Exchange Commission (SEC) to launch Dogecoin ETFs. According to Polymarket, DOGE ETF approval odds have risen by 25%, with analysts giving a 63% chance that it may be approved by the end of 2025.
According to a CoinGape report, if Dogecoin receives 30% to 50% of Bitcoin ETF inflows, the price could rise to between $0.34 and $0.50. This scenario is based on an estimated $12 to $20 billion entering DOGE markets. The forecast also projects that DOGE’s total market capitalization could more than double under this model.
ETF approval, in the same vein, would likely pull more institutional investors to its side hence increasing the demand even further. This potential flow of capital corresponds to the $0.35 level depicted in the technical indication. According to analysts, the approval news can be considered as a potential trigger for the price rally and take DOGE past the $0.255 barrier.
New data from IntoTheBlock suggests that investor sentiment for Dogecoin is improving. The average holding time of transacted DOGE coins has increased by over 526% in the last 90 days. This behavior is similar to the trend seen before Dogecoin’s 2021 bull run.
In just the past seven days, holding time has risen by four months. This shift from short-term speculation to long-term holding reduces sell pressure. It also suggests that investors expect the DOGE price to rise soon. If this trend continues, it could support a more stable base for further growth.
Long-term holders now dominate the transaction volume, which often happens before strong upward price moves. Reduced market supply, combined with growing demand, is a positive signal.
The post Expert Predicts Dogecoin Price to Rally 105% As DOGE ETF Odds Rise By 25% appeared first on CoinGape.
