The draft of the South Korean "Digital Assets Basic Law" will include investor protection measures, but its submission has been postponed until next year due to controversy
On December 30, Yonhap News Agency reported that the South Korean government is drafting the **Digital Asset Basic Law** (Virtual Asset Act 2), which includes investor protection measures like no-fault liability for digital asset operators and bankruptcy risk isolation for stablecoin issuers.
The law will require stablecoin issuers to deposit reserve assets with banks or other management institutions, and to hold/deposit assets equal to **more than 100% of the stablecoin’s issuance balance** (via deposit or trust).
However, the government’s bill submission has been delayed until next year due to disagreements between the Financial Services Commission (FSC) and South Korean banks over key issues—including who may issue stablecoins and which agency holds regulatory authority.
The FSC stated it is currently working to gradually narrow position gaps with relevant institutions.
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Two addresses bought 2.15 billion PUMP tokens in the last 16 hours, worth $3.87 million
Per LookOnChain monitoring data, as of December 30, two addresses—26nbFG...kt5j and E9eKo8...dY8b—have accumulated a total of 2.15 billion PUMP tokens over the past 16 hours, worth approximately $3.87 million.
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edgeX: TGE to be Delayed at the Latest Until March 31
December 30th
Decentralized derivatives trading platform edgeX confirmed during a community call yesterday that its token generation event (TGE) has been postponed, with the new deadline set for March 31st.
Incubated by Amber Group, edgeX is a high-performance, order-book-based perpetual contract exchange.
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Coinbase CEO: Content published on Base App will automatically sync to other platforms such as Zora without generating duplicate content
On December 30, Coinbase CEO Brian Armstrong addressed a creator’s question about how to share content across two platforms without duplication—and whether content posted on the Base App would automatically show up on their Zora profile.
His response: “You can choose your publishing platform freely, but we recommend posting directly on the Base App. Since the same decentralized protocol is used, content will automatically sync to platforms like Zora without creating duplicates.”
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Exposure of US Government Fraud by Influencer Nick Shirley Reveals Cryptocurrency Donation Address, Over $40,000 Raised to Date
On December 30th, former world boxing champion and billionaire Andrew Tate announced plans to donate to Nick Shirley—an American government fraud whistleblower who shared his Bitcoin and Ethereum donation addresses. As of press time, Shirley’s Bitcoin address has raised $308 in donations, while his Ethereum and EVM-compatible network donations (mostly via the BSC network) have topped $44,000, with the bulk coming from meme coin transaction fees.
Nick Shirley, a 23-year-old content creator focused on on-the-ground street interviews and investigative reporting (with nearly 530,000 followers), recently went viral for exposing a Minnesota welfare fraud scheme. He and his team visited several daycares and autism treatment centers run by the Somali community in the state, finding many locations were either empty, poorly maintained, or failing to deliver advertised services (like therapy for autistic children)—yet they were receiving large sums via government healthcare assistance programs
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"「100% Win Rate」 trader enters long position on SOL, with an average entry price of $123.23"
December 30th – Per monitoring from HyperInsight (via its Telegram channel at https://t.me/HyperInsight), a trader boasting a "100% win rate" opened a 4x leveraged long position on 2,500 SOL 7 hours ago.
The position has an average entry price of $123.23 (valued at roughly $306,000) and is currently in slight drawdown.
Prior to this trade, the trader executed 18 total trades—all closed profitably with zero losses—netting a total account gain of $130,800.
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