South Korea's "Digital Asset Basic Law": The issuer of a stablecoin will be limited to a "consortium with a bank holding a 51% stake" as the main direction.
December 3 – According to News1, as South Korea’s government and National Assembly draft the second phase of digital asset (virtual asset) legislation, a key direction is limiting stablecoin issuers to consortia of banks holding a 51% stake. The solution currently under discussion would award stablecoin issuance rights to such bank consortia, and the Democratic Party’s Digital Asset Special Task Force (TF) also leans toward this approach.
Previously, Korean banks pushed for bank-led stablecoin issuance restricted to the banking system, while some National Assembly members argued the space should be open to fintech and blockchain firms. The government’s draft bill must be submitted by no later than December 10, with the goal of launching formal discussions by the end of this year and finalizing the legislation by January next year.
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「Buddy」 reduced their ETH long position by a small amount this morning, increased their HYPE long position, and is now sitting on an unrealized gain of nearly $1 million.
On December 3rd, HyperInsight’s monitoring data shows that "Mahjong" trimmed its ETH long positions in small increments and added to its HYPE long positions this morning.
As of press time, its 25x ETH long position totals 8,288.888 coins, while its 10x HYPE long position stands at 10,000 coins. The overall unrealized gain on its long positions in this round has reached $920,000.
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Kalshi is now the official prediction market partner of CNN, and its data will be used for real-time display on news programs.
On December 3rd, prediction market platform Kalshi announced it has become CNN’s official prediction market partner. Its real-time probability data will be integrated into CNN’s news coverage, led by the network’s Chief Data Analyst Harry Enten. CNN will receive Kalshi’s real-time data on the likelihood of future events in politics, culture, and beyond, and will add real-time info bars powered by Kalshi’s data in relevant sections.
Kalshi noted its platform has become a go-to tool for politicians, media outlets, and financial market watchers to anticipate future events. Previously, rival Polymarket told CBS’s *60 Minutes* that prediction markets are “the most accurate prediction tool currently available to humanity.” Combined trading volume for the two platforms has topped $45 billion, with partners including Google Finance, Yahoo Finance, Robinhood, and ICE.
Despite growing mainstream adoption, the prediction market industry still faces regulatory scrutiny. Kalshi recently joine
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Analysis: Bitcoin Key Resistance Levels at $99,000 and $122,000
On December 3rd, analyst @ali_charts pulled data from Glassnode, noting two key Bitcoin resistance levels to watch—derived from the price range tied to its Market Value to Realized Value Ratio (MVRV):
? $99,070
? $122,060
### Notes on American English adjustments:
1. Added **"On"** before the date (standard for specific dates in U.S. usage).
2. Replaced "cited glassnode data" with "pulled data from Glassnode" (more conversational, common in financial updates; capitalized **Glassnode** as a proper noun).
3. Swapped "to indicate that" for "noting that" (concise, typical of quick news blurbs).
4. Restructured to lead with "two key Bitcoin resistance levels" (prioritizes the actionable info, U.S. readers prefer directness).
5. Used em dashes for clarity (links the resistance levels to their MVRV context smoothly).
6. Removed the trailing semicolon on the last bullet (cleaner, standard in U.S. list formatting).
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Standard Chartered Bank is actively pursuing Blockchain Finance, believing it will replace traditional financial infrastructure
On December 3, Trustdata News reported that Didier von Daeniken, Standard Chartered’s Global Head of Commercial and Investment Banking, said Distributed Ledger Technology (DLT) and blockchain will eventually replace traditional financial market infrastructure—and financial institutions that fail to keep up will face being phased out.
Standard Chartered is actively pursuing initiatives like tokenized deposits, stablecoins, and Central Bank Digital Currencies (CBDCs) to strengthen its market competitiveness.
2 minutes ago
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