Crypto Bill IMPLODES! 🤯

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After weeks of what one assumes was purposeful wandering in the legislative wilderness, the Senate Democrats have decided they have some… opinions. A “counterproposal,” they’re calling it. It’s based on the RFIA (which, let’s be honest, sounds like a particularly nasty virus) and is mysteriously split between two committees. Committees! As if the crypto world isn’t confusing enough.

Stablecoin Saga: Korea’s Rules Delayed 😮

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Word on the street – or rather, reported by the local newspapers – is that the much-anticipated bill, the ‘Second Phase of the Virtual Asset User Protection Act,’ has not materialized before the National Assembly. A rather glaring omission, considering it was intended to address the rather delicate matter of issuing and distributing those won-denominated stablecoins. One does wonder if someone misplaced the document amidst a pile of important correspondence.

Bitcoin: Is the Bubble Finally…Deflating? 📉

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Apparently, “Realized Cap” is how much actual money people used to buy Bitcoin. Not just what it’s theoretically worth now, which, let’s be honest, can change more rapidly than my dating life. The usual “market cap” just multiplies the price by how many Bitcoins there are. So, it’s like the difference between what you paid for that questionable jacket last year vs. how much it’s worth now (which is probably zero).

RWA Race: Chainlink Still King 👑

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And at the heart of it all, Chainlink. Still. Always. The unwavering titan. Santiment’s little scoring game gives LINK a rating above 280. A veritable mountain of activity! Unsurprising, really, when you consider they’re hauling around nearly $10 billion in market value. A big boat needs a big crew, eh? 🚢