ProbablyNothing

Source: BlockMedia
Original Title: Do you need to gather 4 banks to issue?⋯ Will K-Stablecoin be trapped by the 'majority of banks' constraint?
Original Link:
As the Basic Digital Asset Act is nearing finalization, industry-wide rebuttals and concerns are being raised regarding the structure of the won stablecoin issuance proposed by financial authorities.
According to the digital asset industry, the financial authorities have proposed a plan to allow banks to issue won stablecoins starting with a consortium in which they hold more than 50% + 1 share, and then gradually expand participation to technology companies and others.
However, under the current Banking Act, banks are not allowed to

Morgan Stanley applies for a spot Ethereum ETF, marking a major bank's accelerated entry into the digital asset market. This move reflects the growing demand for digital assets among institutions and also demonstrates Wall Street's continued interest and willingness to invest in digital assets, despite the overall weak market performance.

Source: BlockMedia
Original Title: [Market Opening] “Jensen Huang's push and foreign investors' pull” ⋯ KOSPI touches 4600
Original Link:
The Korea Composite Stock Price Index (KOSPI) reached a new high for the year driven by foreign investment. The KOSPI index, supported by continued strength in large-cap stocks such as semiconductors and AI, briefly broke through 4600 points.
According to data from the Korea Exchange, as of 9:20 a.m., the KOSPI index decreased by 65.90 points (1.46%) from the previous trading day, closing at 4591.38 points. The KOSPI opened at 4566.34 points, up 40.86 points (0.90%) from the previous day (4525.48). The gains then expanded to over 1%, and it broke through 4600 during the trading session.