South Korea2026-08-11 05:36:00South Korea Removes Travel Rule Threshold, Tightens Exchange OversightSouth Korea's Financial Intelligence Unit (FIU) has formally announced that a revised enforcement decree of the Act on the Reporting and Use of Specific Financial Information was passed by the State Council, with the explicit goal of securing stronger oversight of the cryptocurrency industry. Under the new rules, regulators will conduct a more rigorous review of major shareholders of cryptocurrency exchanges, and exchanges will be required to maintain a debt-to-asset ratio of no more than 200%. In addition, the so-called travel rule, which previously applied only to transactions exceeding 1 million won, is now extended to cover every transfer, effectively removing the minimum amount threshold. For transactions conducted through overseas exchanges or involving personal wallets, the revised regulatory framework will apply differentiated measures depending on the assessed risk level. Exchanges are also obliged to employ qualified professionals, secure the necessary equipment and build internal control systems. Existing exchange operators are entitled to a one-year grace period. Several provisions are scheduled to take effect on Aug. 20, while the travel rule-related requirements will be formally implemented six months later.1700
Strategy2026-07-23 03:25:14BTC.TOP Founder: Strategy Unshaken Even if Bitcoin Drops to $30K, Panic Sell-Off OverstatedJiang Zhuoer, founder of China's largest mining pool BTC.TOP, argues that even if Bitcoin falls to $30K, Strategy's debt-to-asset ratio would only rise from 5% to 10%. He dismisses panic over a Fidelity wallet outflow of 45K BTC and defends STRC preferred stock mechanics as maintaining net buying.490
STRC2026-06-25 22:58:36Jiang Zhuo'er on STRC's All-Time Low: Strategy Will Cut Bitcoin Purchases, But Insolvency Risk Is MinimalJiang Zhuo'er, founder of B.TOP mining pool, commented on STRC hitting an all-time low, stating that the preferred stock's severe depeg reflects panic among US equity investors toward Bitcoin. He predicts Strategy will significantly reduce its Bitcoin purchases in the coming months, prioritizing dividend payments on STRC. He also emphasizes that MSTR's debt ratio is only 10% and STRC is preferred stock (not debt), meaning the company faces virtually no insolvency risk unless the Bitcoin bear market lasts for a decade. This article explains the preferred stock mechanism, debt ratio data, and Jiang's core analysis.1310
MicroStrategy2026-06-25 14:58:27MicroStrategy Preferred Stock De-peg and BTC Purchase Slowdown: Jiang Zhuoer on Market Fear and Low Risk of CollapseJiang Zhuoer, founder of LakeBTC mining pool, analyzes the significant de-peg of MicroStrategy's preferred stock STRC, indicating panic in the US stock market regarding Bitcoin. He observes that MSTR has issued common stock for three consecutive weeks, but in the third week BTC purchases dropped to only 520 BTC while most funds were retained for STRC dividends, signaling a bearish outlook. Jiang emphasizes that STRC is preferred stock, not debt, and MSTR's debt ratio is only about 10%, so there is no risk of collapse unless a Bitcoin bear market lasts a decade.430
MicroStrategy2026-06-25 14:58:27Jiang Zhuoer: MicroStrategy Preferred Stock STRC Severe Dislocation Signals Market Panic; Future BTC Purchases May Shift to Dividend Payments; Debt Ratio Only 10%, Very Low Risk of Blow-UpJiang Zhuoer, founder of Leibite Mining Pool, analyzed the severe dislocation of MicroStrategy's preferred stock STRC, pointing out it reflects panic sentiment in the US stock market towards Bitcoin. He observed that MSTR has been raising funds through common stock issuance for three consecutive weeks, but in the third week, BTC purchases sharply dropped to 520 BTC while most funds were retained for STRC dividends, which he considers a clear signal of the company's pessimistic outlook. Jiang predicts that MSTR's BTC purchases will decline significantly or even halt in the coming months as it shifts to paying dividends. He emphasized that STRC is preferred stock, not debt, and MSTR's debt ratio is only about 10%, so there is no blow-up risk unless a Bitcoin bear market lasts ten years.470
MicroStrategy2026-06-25 16:01:20MicroStrategy Preference Shares STRC Plunge to 73: Jiang Zuo'er Decodes Bearish Signal from MSTR’s Dwindling Bitcoin PurchasesJiang Zuo'er, founder of LakeBTC mining pool, stated that MicroStrategy's preference shares STRC experienced a sharp de-pegging, dropping to a low of 73, reflecting the panic sentiment in U.S. equity markets toward Bitcoin. He analyzed MSTR's three consecutive weeks of capital raising through common stock issuance. In the first two weeks, MSTR used half the proceeds to buy 1,500 BTC. In the third week, while the share sale volume doubled, BTC purchases shrank to only 520 BTC, and most of the remaining capital was reserved for paying STRC dividends. Jiang interprets this as a clear bearish signal from the company. He predicts MSTR's BTC purchases will decline sharply or even halt in the coming months. However, he emphasizes that STRC is preference equity, not debt, and MSTR's debt ratio is only about 10%. Unless a Bitcoin bear market lasts a decade, there is no default risk.1270
