Assets

South Korean crypto exchanges are required to store at least 80% of client assets in cold wallets. Following the Binance hack, the regulator recommended increasing this share, tightening withdrawal controls, and boosting reserves. The industry is discussing a threshold of 99%, but no official decision has been made yet.

Bitcoin is currently 39% below its all-time high, while memecoins are down by up to 99%. The S&P 500 is only 3% below its record. According to Charlie Bilello from Creative Planning, the decline intensifies as we move towards more speculative assets.

BNB Chain has activated the Jenner hardfork on the testnet, implementing a reservation of 5% of block gas capacity for payments and new CAS20 functionality.

Ondo Finance has introduced 15 tokenized stocks and ETFs on Robinhood Chain, enhancing liquidity and asset exchange capabilities.

Vlad Tenev, CEO of Robinhood, emphasized the need for legislative changes to successfully develop tokenization in the US amid falling cryptocurrency revenues.

Chainlink has introduced CustodySync, which connects custodial assets with decentralized loans.

Bitcoin and the financial system face crucial economic reports and market outlooks.

Bitcoin and gold lost 7.5% and 7.3% respectively, making them the worst asset classes of the year.

Bitcoin ETFs recorded unprecedented outflows of $773 million over two days as BTC price tested the $80,000 level

Some early Ether holders are beginning significant asset sell-offs, reaping huge profits.