When the nest is overturned, no egg remains intact: South Korea's president's approval rating has declined for two consecutive weeks amid the stock market crash, with retail investors in stock communities expressing widespread distress.

South Korea’s Financial Services Commission (FSC) plans to draft a comprehensive crypto asset bill covering stablecoins and cryptocurrency exchanges, while lawmakers are considering scrapping the 22% crypto asset tax originally scheduled to take effect in 2027. The bill will reportedly cover stablecoin issuance and circulation, digital asset business rules, exchange admission requirements, information disclosure, internal controls, and system resilience standards.

US President Trump: The United States will launch strikes against Iran in response to attacks on US targets in Jordan.

JPMorgan has conducted a scenario analysis on how tonight’s FOMC decision will impact US equities. The bank expects the Federal Reserve to keep interest rates unchanged. Under the baseline scenario (50% probability) of a hawkish hold, the S&P 500 will likely be flat or fall 0.5%. The dovish hold scenario (28% probability) is viewed as the most bullish outcome, lifting the index by 1%. A 25-basis-point rate hike scenario (20% probability) could cause the S&P 500 to drop 1.5%-2%, with the Nasdaq likely to underperform.

The Ethereum Foundation announced via a tweet that pcaversaccio (PC) has joined its board of directors. A long-time contributor to the Ethereum ecosystem, PC is co-founder and lead of SEAL 911, and was previously a member of the EF Silviculture Society—an informal advisory body to the Ethereum Foundation focused on upholding core values including censorship resistance, open source, privacy, and security. PC is joining the board on a voluntary basis for a one-year term. pcaversaccio is the author of the 2024 work *Ethereum Cypherpunk Manifesto* (adapted from Eric Hughes’ original *A Cypherpunk’s Manifesto*) and the 2025 publication *Ethereum Privacy: The Path to Autonomy*, and has advanced security practices across the Ethereum ecosystem through technical contributions and community advocacy.

According to Tether’s official blog, QVAC, an AI research project under Tether Data, has open-sourced VisionPsy-Nano—a compact vision-language model built for end-device and edge deployment. With around 460 million parameters, the model brings multimodal understanding capabilities that previously required cloud infrastructure directly to mobile devices. Among all evaluated end-side vision-language models with fewer than 500 million parameters, VisionPsy-Nano scored the highest overall normalized score of 62.3, outperforming competing models from Liquid AI, Hugging Face, and others in 16 out of 17 benchmark tests. Tether is launching two versions of the model: the Flash version, optimized for low latency, which retains roughly 99% of the full model’s quality while drastically improving inference speed. Both versions are open-sourced under the Apache 2.0 license. Paolo Ardoino, CEO of Tether, noted that this proves local-first, efficient AI is a viable approach, enabling powerful and private AI to run on devices people already have.

This trader bought 3,128 $ETH ($5.95M) 6 months ago and is now sitting on a loss of over $3.87M(-40%). Today, he finally gave up, depositing all 3,128 $ETH into #Coinbase to sell at a loss.