The FSC of South Korea proposes to apply a no-fault liability for cryptocurrency exchanges, requiring compensation for customers when losses occur due to cyberattacks or system failures, equivalent to banking standards.
The regulations were tightened after the Upbit incident (November 27) where more than 104 billion Solana tokens (approximately 44.5 billion won) were lost and 20 incidents in 2023 affected over 900 individuals. The bill raises IT security standards and could impose fines of up to 3% of revenue.
The National Assembly is also pushing forward the stablecoin bill ahead of the deadline of December 10.
BTC just fell below $90K, marking the second sharp decline this month, erasing previous recovery efforts. Three simultaneous 'punches' have hit the market: 1. Liquidation due to margin call Over $500 million in positions evaporated, 140,000 traders have burned their accounts. Long positions were wiped out, causing a chain reaction in price drops. 2. US ETFs are experiencing severe fatigue BlackRock recorded 6 weeks of net outflows, totaling $2.8 billion. Only $59 million ETF cash flow left on 03/12 — the organization is clearly hesitant.
Key statements from CZ: On the advantages of Bitcoin over gold: CZ emphasized that Bitcoin surpasses gold in divisibility, portability, verifiability, durability, and supply constraints. He believes Bitcoin is a pure digital asset that can be transferred globally without intermediaries, while physical gold is more difficult. For example, in the debate with Peter Schiff (a gold advocate) at Binance Blockchain Week in Dubai on December 4, 2025, CZ handed Schiff a gold bar and asked him to verify it – Schiff couldn't do it immediately, proving Bitcoin is easier to verify through blockchain. cointelegraph.com
Top projects from last season that are nearly dead or gasping for air
1. EOS (@EOSIO) raised 4.2 billion USD, currently the TVL is only 400 USD => A catastrophic failure, no real market value. -2. Hedera (@hedera) raised 286 million USD, with the advantage being a successful HBAR airdrop, but the issue is that the project is aimed at businesses yet there are hardly any businesses really using it. 3. Cardano (@Cardano): FDV up to 18.5 billion USD, while last week the transaction fees were almost zero.
The market running like this is not afraid of being new. LONG SORT position doesn't know if it's stable lately, but Hold To Die is also holding its breath now.
The market is so red, this Tet we won't even have Banh Chung to eat, let alone ask for meat filling A nice entry to go long around 83k-85K, cut loss at 75K #BTC
Michael Saylor has released another update on Bitcoin Tracker; he may disclose his accumulated data next week.
Michael Saylor, founder and executive chairman of Strategy (formerly MicroStrategy), has once again posted information about Bitcoin Tracker on platform X.
Based on past experience, Strategy often reveals accumulated Bitcoin data the day after he posts information about Bitcoin Tracker.
A whale has spent 13.12 million USD on #HyperLiquid in the past 4 days to buy $ENA on the spot market. So far, this whale has purchased 25.56 million $ENA for 7.25 million USD and still holds 5.78 million USD, with buying activity still ongoing. #Ena #BinanceHODLerAT