Odaily’s evening crypto roundup packed several market, policy and on-chain developments into one update. Donald Trump said the United States has three “strategies” toward Iran. CryptoQuant’s founder said his earlier reading of CME positioning was wrong and that leveraged funds still hold a net short position in BTC. In South Korea, crypto oversight is getting tighter, with stricter reviews for major exchange shareholders and the Travel Rule set to apply to all transfers. On the product side, BlackRock cut the in-kind Bitcoin conversion threshold for IBIT from $25 million to $1 million. The digest also noted that a BIP-110 fork chain is 326 blocks behind the Bitcoin mainnet and may need more than six years before mining difficulty can adjust, while a whale has withdrawn a cumulative 90,000 ETH and staked 40,000 ETH worth about $170 million. Other items included Arthur Hayes saying ENA could rise 5x to 10x in the coming months, a virtual-currency “staking mining” scam that allegedly took more than RMB 3 million from over 30 people, Macquarie’s view that the Kospi could rebound in the short term with support from Samsung and SK Hynix, and Binance’s adjustment to leverage, margin tiers and collateral ratios for multiple futures contracts.
Evening crypto briefing
Odaily’s evening roundup listed a series of developments across crypto policy, markets and trading platforms.
Donald Trump said the United States has three “strategies” toward Iran.
CryptoQuant’s founder acknowledged that an earlier interpretation of CME positioning was incorrect, adding that leveraged funds still maintain a net short position in BTC.
In South Korea, crypto regulation is tightening. The update said reviews of major shareholders at exchanges will become stricter, and the Travel Rule will be extended to cover all transfers.
The roundup also said a BIP-110 fork chain is 326 blocks behind the Bitcoin mainnet and is not expected to adjust mining difficulty for more than six years.
In a fraud case, more than 30 people were reportedly scammed out of over RMB 3 million through a virtual-currency “staking mining” scheme that spent one to two months setting up the trap.
Arthur Hayes said ENA could rise 5x to 10x over the coming months.
On-chain, one whale has cumulatively withdrawn 90,000 ETH and has already staked 40,000 ETH, valued at about $170 million.
For exchange-traded products, BlackRock lowered the in-kind Bitcoin conversion threshold for IBIT from $25 million to $1 million.
In equities, Macquarie said the Kospi is expected to rebound in the short term, supported by Samsung and SK Hynix.
Binance, meanwhile, adjusted leverage, margin tiers and collateral ratios for multiple futures contracts.
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