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- 🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes! - 🔵 #GENIUS Stablecoin Bill#
On May 20, Eleanor Terrett reported that the GENIUS Stablecoin Bill passed a procedural vote (66-32), officially entering the review phase, though it hasn't yet become law. This marks significant progress toward the first U.S. federal stablecoin regulation framework. Is this a positive compliance step or a sign of increasing regulatory pressure? Share your thoughts!
🔵 #SOL Breaks $170#
SOL has passed the $170 mark, currently trading at $170.01, up 0.9% in the past 24 hours. However, according to regulatory filings submitted Monday, the SEC has extended the review d - 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
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- 🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
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May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
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Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
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The main presidential candidates in South Korea support the legalization of Bitcoin (BTC) ETFs.
Source: Cointelegraph Original text: "Main presidential candidates in South Korea support the legalization of Bitcoin (BTC) ETFs"
South Korea may soon follow Hong Kong in legalizing spot Bitcoin exchange-traded funds (ETFs), as the country's main presidential candidates have expressed support for cryptocurrencies.
Nevertheless, some industry observers remain cautious about the possibility of recent regulatory policy changes.
"All three major presidential candidates in South Korea support #Bitcoin ETF and institutional investment," said Ki Young Ju, founder and CEO of the on-chain data analysis platform CryptoQuant, in a post on X platform on May 14.
It is worth noting that current South Korean regulations prohibit Bitcoin ETFs and institutional cryptocurrency investments, which has led to "100% of the trading volume coming from retail investors," Ju further explained.
According to the Korea Economic Daily (KED), on May 6, South Korean Democratic Party leader Lee Jae-myung promised to legalize spot cryptocurrency ETFs, reduce trading fees, and "create a safe investment environment that allows young people to accumulate assets and plan for the future."
The Korea Economic Daily pointed out that the Democratic Party made similar commitments during the 2024 election campaign, including the legalization of spot cryptocurrency ETFs, but the relevant progress has been continually delayed.
Although the leading candidates' friendly attitude towards cryptocurrencies seems to indicate a promising outlook for South Korea's digital asset legislation, regulatory experts remain cautious.
Blockchain intergovernmental advisor and writer Anndy Lian told Cointelegraph: "The candidates' commitment to supporting cryptocurrencies, including promoting the legalization of spot Bitcoin (BTC) ETFs and reducing fees, suggests that policies may shift. However, historical experience makes it difficult for us to be overly optimistic." He further pointed out:
"They will take a position similar to that of the Hong Kong region. Whether the ETF performs well will depend on various other factors."
Lian emphasized: "A pro-cryptocurrency president could drive change, aligning South Korea with global trends, such as in the U.S., where Bitcoin ETFs have attracted billions of dollars in net inflows," he added, noting that the tone of the Financial Services Commission also shows a "regulatory openness" to cryptocurrencies.
However, the People Power Party also promised to lift the ban on cryptocurrency ETFs and amend the controversial "one exchange corresponds to one bank" rule when it was elected in 2022, "but failed to take substantial action before President Yoon was impeached," Lian said.
In the Hong Kong region, the first ETFs based on Bitcoin and Ethereum officially started trading on April 30, 2024, but the trading activity has been disappointing compared to similar products in the United States, according to Cointelegraph.
Related recommendations: The minister stated that Kazakhstan will become the "Central Asian crypto hub" through reforms.