Buckle up for a wild ride with Beeple on the crypto.news podcast! The NFT legend dishes on the rollercoaster that is the NFT market — spoiler: it’s less &#8220;moon&#8221; and more &#8220;swoon&#8221; these days, but he’s still stacking digital gold.…

Beeple spills the crypto tea: NFTs, future plans, and Trump’s troll army

The Dow Jones Industrial Average opened around 150 points lower on Tuesday 
while the S&amp;P 500 and Nasdaq indices inched higher. This comes after Monday’s 
monster rally that saw the Dow gain more than 1,100 points amid encouraging 
Washington–Beijing trade…

Dow dips after Monday’s rally as CPI slows and S&P 500 outlook improves

The incident highlights the growing risk of physical threats to individuals in 
the crypto industry, underscoring the need for enhanced security measures.
The post Crypto tycoon&#8217;s daughter escapes kidnapping attempt in central Paris 
appeared first on Crypto Briefing.

Crypto tycoon’s daughter escapes kidnapping attempt in central Paris

Bitcoin and most altcoins remained in a tight range on Tuesday after the US 
published the April consumer inflation data. Bitcoin (BTC) was trading at 
$103,800, while Ethereum (ETH) hovered above the key point at $2,520. The 
market cap of…

Crypto bull run on pause as traders digest latest inflation data

Bitcoin trades at $103,581 today with a total market capitalization of $2.057 
trillion and a 24-hour trade volume of $35.91 billion. The cryptocurrency 
experienced an intraday price range of $101,109 to $104,293, signaling 
elevated activity within a tight but volatile band. Bitcoin The 1-hour BTC/USD 
chart highlights a distinct intraday pullback followed by a sharp […]

Bitcoin Price Watch: Double Top or Launchpad? $105K Level Under Fire

The largest political party in South Korea, the Democratic Party, has launched 
a Digital Asset Committee focused on developing cryptocurrency policies and 
promoting industry growth.
The committee held its inaugural meeting at the National Assembly Members&#8217; 
Hall in Seoul on May 13, the local news agency News1 reported.
During its first meeting, the committee highlighted the importance of 
resolving regulatory uncertainty and addressing burning issues like stablecoin 
regulation amid the push for US-dollar stablecoins by the US government.
The new committee joins similar organizations in South Korea, including the 
Virtual Asset Committee launched in late 2024 and another public-private 
crypto task force introduced in 2022, both initiated by the Financial Services 
Commission (FSC).
## Exchanges like Upbit and Bithumb involved
The leadership of the Digital Asset Committee includes South Korean officials 
and politicians such as National Assembly chairman Min Byeong-deok, who joins 
the committee as chairman.
Additionally, the organization features standing general election committee 
chairman Yoon Yeo-joon, Muksanism Committee chairman Maeng Seong-gyu, National 
Assembly member Kim Byeong-gi and former National Assembly chairman Kim Jeong- 
woo.
_Digital Asset Committee chairman Min Byeong-deok, Yoon Yeo-jun, Maeng Seong- 
gyu and Kim Jeong-woo (from left to right). Source: News1_
According to a report by ChosunBiz, the committee will also include 
participation of executives from major local exchanges, including Upbit, 
Bithumb, Coinbit and Gopax.
## Criticism of &#8220;one-exchange, one bank&#8221; rule
At the opening meeting, committee chairman Min expressed concerns regarding 
limitations of South Korea&#8217;s current one-exchange-one-bank rule, implying that 
crypto exchanges are restricted to collaborating with only one lender.
&#8220;There are clear shortcomings to the one exchange, one bank principle,&#8221; Min 
reportedly said, adding that the committee is working with regulators to 
resolve the issue.
The chairman also mentioned discussions on which regulators should be 
responsible for supervising the stablecoin industry and whether stablecoins 
should be subject to a licensing system or a reporting system.
_**Related:**__**South Korea presidential front-runner pledges to approve 
Bitcoin ETFs**_
&#8220;There is also a point of contention as to whether the Bank of Korea or the 
FSC should handle the regulation,&#8221; he reportedly said.
The news came shortly after a Bank of Korea executive expressed concerns over 
the issuance of the South Korean won-backed stablecoins.
&#8220;Stablecoin has a great impact on the implementation of central bank policies 
such as monetary policy, financial stability, and payment settlement,&#8221; Bank of 
Korea&#8217;s Koh Kyung-chul reportedly said at a conference on May 12.
&#8220;The negative impact on the central bank&#8217;s policy implementation should be 
minimized by the central bank&#8217;s practical intervention in the approval stage,&#8221; 
he added.
_**Magazine:**__**Finally blast into space with Justin Sun, Vietnam &#8216;s new 
national blockchain: Asia Express**_