🇰🇷 South Korea will begin to regulate NFTs as a cryptocurrency.
The regulator (FSC) can classify an NFT as a cryptocurrency in a regulatory context if it can be used to pay for goods and services + the circulation must be around 1,000,000.
NFTs that cannot be used to pay for goods and services, such as NFT concert tickets, are classified as regular NFTs.
BUT some NFTs can be classified as a security (if they meet the characteristics specified in the country's Capital Markets Law).
📍FSC will not introduce a single standard to regulate all NFTs.
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#finflows
📊 Coinshares: Report on cryptocurrency financial flows.
❕Capital inflow into the crypto industry per week = $2,038,000,000.
▫️Capital inflow into #BTC-related crypto products = $1,973,000,000.
▫️Inflow of capital into crypto products related to #ETH = $68,900,000.
▫️Last week there was a slight influx of capital into crypto products related to #XRP, #SOL, #LTC, #LINK and #BNB.
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Crypto in Uzbekistan has been banned since the beginning of the year, for any transactions there are heavy fines and up to 5 years behind bars. The guy got off easy.
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More than 3,000,000 travel services in 230+ countries can now be paid in TON. (air tickets, hotel reservations, etc.)
Travala is a travel booking site.
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‼️#ETH Gary Gensler – SEC will approve Forms S-1 for Ethereum spot ETFs by the end of summer.
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His lilpump/sol increased by 4300%...
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#onchain #opinion
🚀 CryptoQuant: “The second half of the bull market is ahead!”
- "Capital inflows from small whales and retail investors began to grow."
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#BTC #ETF
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In a bull market, the price of BTC usually remains above the average entry price. Even with a 27% drop, it can still be considered a bull market.
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#zk #airdrop
🔞 Lookonchain: Drophunter received 3,010,000 ZK ($753,000) for 85 wallets!
– Then I deposited 2,710,000 ZK on the Binance exchange and sold 300,000 ZK on SyncSwap.
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🤝 #HBAR Hedera is expanding in Scandinavia.
– HBAR Foundation has joined the Nordic Blockchain Association (NBA).
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Pump․Fun is a platform for quickly launching meme coins on the Solana (#SOL) blockchain.
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#ai #crypto
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🇧🇷 Brazilian Tax Authority Targets Crypto Users on Foreign Exchanges
Brazil's tax authority will begin requesting user information from foreign cryptocurrency exchanges to identify Brazilians evading taxes.
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#insight #etf #eth
▫️The Pantera Capital fund is interested in purchasing shares of the spot Ethereum ETF from Bitwise for $100,000,000. (original)
▫️Bitwise has submitted an updated application for the Ethereum spot ETF. (sec)
▫️Bloomberg - Spot Ethereum ETFs may begin trading as early as July 2.
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#onchain #rating
1. NEAR Protocol #NEAR
2. The Graph #GRT
3. Oasis #ROSE
4. Bittensor #TAO
5. iExec RLC #RLC
6. Ocean Protocol #OCEAN
7. Golem #GLM
8. Worldcoin #WLD
9. Oraichain #ORAI
10. Fetch․ai #FET
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