The prohibition follows a larger ban on crypto ETFs effective since 2017 due to the South Korean's Capital Markets Act.
It's unclear whether the position would materialize as a senior-level staff role or a broader "crypto czar" post overseeing government-wide crypto policy.
The news comes as Coinbase's cbBTC reaches 10% of WBTC market cap, following a growing participation on Aave.
As DOGE shows absolute correlation with Bitcoin, Ethereum strays further to a three-year low.
Roughly 98% of all options are 'call' orders to buy BTC, which analysts deemed very bullish.
The new foray by Binance is directly related to its futures services, and the rewards are not available for countries under the MiCA.
Last week's price surge placed Bitcoin as the eighth-largest asset by market cap globally, larger than silver.
If concluded, the deal would wind down Bakkt's custody services, which have been struggling to gain traction.
Bitwise's head of alpha strategies stated that options trading on Bitcoin ETFs could be the “most extraordinary upside ‘vol of vol’ in financial history.”
Meanwhile, tokens related to AI, social, and data availability narratives registered negative performances in the period.
The excess of token launches paired with a stablecoin supply below its all-time high make trading altcoins a challenging task.
The SDNY will keep prosecuting fraud in crypto, but fewer prosecutors will now be dedicated to these cases compared to the 'crypto winter.'
