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South Korea's Financial Services Commission (FSC) has stressed its commitment to swiftly legislate stablecoins amid delays in the broader Digital Asset Basic Act, Edaily reported. Speaking today at a seminar on stablecoin-based trade finance, Shim Won-tae, an official from the FSC's Virtual Asset Division, described the introduction of stablecoin-based trade settlements as a proposal worth fully reviewing. He added that the commission would expedite the process to advance legislative discussions. Regarding taxation, Shim stated that the FSC will review various tax issues with related ministries, including not only income tax but also value-added tax. He emphasized that the commission will continue to gather market feedback to implement the new system promptly once preparations are complete.

According to CoinNess market monitoring, StakeStone (STO) is continuing its sharp rally, briefly surpassing $1.6 after rising more than 500% in the past 24 hours. The token is currently trading at $1.52662 on the Binance USDT spot market, up 505.82% over the same period.

Binance has announced it will list perpetual futures for several U.S. stocks, offering up to 10x leverage. The listings are scheduled to begin with the QQQ/USDT pair at 1:30 p.m. UTC on April 6, followed by SPY/USDT at 1:40 p.m. UTC, AAPL/USDT at 1:50 p.m. UTC, and TSM/USDT at 2:00 p.m. UTC.

Crypto influencer Max Crypto, who has around 138,000 followers on X, alleged that U.S. President Donald Trump is manipulating the market on a daily basis. He pointed to a series of recent statements from Trump regarding Iran and their corresponding impact on the price of Bitcoin. On March 30, BTC rose by $3,000 after Trump said a deal with Iran would be reached, but it fell by $2,000 later that day when he threatened to destroy the country's power plants. The next day, the price rebounded by $2,000 following Trump's announcement that the war would soon end. On April 1, news of ongoing U.S.-Iran negotiations sent BTC up by $1,500. However, on April 2, it dropped by $2,500 after Trump stated the war would last another two to three weeks. Max Crypto added that Trump is currently wiping out both long and short positions daily with single statements.

Tether's unified liquidity protocol, USDT0, announced on its official X account that it responded to the Drift (DRIFT) hack within 90 minutes by halting its cross-chain communication network on the Solana network. This comes after on-chain analyst ZachXBT pointed out that Circle (CRCL) had taken no action following the same incident, even as millions of dollars in USDC were swapped through CCTP, Circle's cross-chain transfer protocol.

Stakestone (STO) continues to rally, surpassing $1.14 after a more than 360% increase over the past 24 hours. The token is trading at $1.1462 on the Binance USDT spot market, up 367.73% during that time.

According to Coinglass data, if Bitcoin breaks above $69,197, short positions worth $986.47 million are projected to be liquidated across major centralized exchanges. Conversely, a drop below $65,907 would trigger the liquidation of long positions valued at $232.59 million.

Cryptocurrency wallet provider SafePal (SFP) announced the launch of a TRX staking service, offering an Annual Percentage Yield (APY) of up to 10%.

An Iranian Foreign Ministry spokesperson announced today that the country will take necessary measures to prevent the Strait of Hormuz from being used for military aggression against Iran, according to the Tasnim News Agency. The spokesperson emphasized that these actions are fully compliant with international law.

Top 5 Gainers (24h) - STO: +103.29%, now at $0.9118, volume $1.18B - NTRN: +69.57%, now at $0.0039, volume $3.13M - SOLV: +46.05%, now at $0.0057, volume $79.02M - MATH: +42.06%, now at $0.0358, volume $1.56M - NOM: +32.70%, now at $0.0078, volume $230.58M Top 5 Losers (24h) - DRIFT: -18.79%, now at $0.0403, volume $66.99M - ALMANAK: -17.27%, now at $0.0022, volume $1.39M - D: -14.52%, now at $0.0116, volume $73.1M - SIS: -14.24%, now at $0.0418, volume $709.49K - HIFI: -14.01%, now at $0.0078, volume $145.34K

Bithumb has announced it will temporarily suspend deposits and withdrawals for Pocket Network (POKT) due to a mainnet upgrade. The suspension is scheduled for 8:00 a.m. UTC on April 7.

The hacker behind the Drift protocol exploit has purchased an additional 1,195 ETH for 2.46 million USDC, Onchain Lens reported. The hacker's address now holds 130,262 ETH, valued at $267 million. Previously, this address had swapped $285 million worth of stolen cryptocurrency for 129,000 ETH.

Lookonchain reports that a new wallet starting with 0x5e2E, which had been accumulating StakeStone (STO), has deposited its entire holding of 28 million STO to Gate.io. The tokens, worth $10.12 million, represent 12.43% of the circulating supply. This action follows a surge in STO's price, which jumped approximately 755% from $0.11 to $0.94 in two days. Such deposits to exchanges are often seen as a move to sell.

Metaplanet, a publicly traded Japanese company that has been accumulating Bitcoin, purchased 5,075 BTC during the first quarter, CEO Simon Gerovich announced on X. The average purchase price for these acquisitions was 12.55 million yen (around $82,800). Gerovich added that Metaplanet's return on its Bitcoin holdings since the beginning of the year stands at 2.8%. The company now holds a total of 41,777 BTC, valued at 623.37 billion yen (approximately $4.13 billion), with an overall average purchase price of 15.52 million yen (around $102,750) per BTC.

Korea Investment Holdings is considering acquiring a stake in South Korean crypto exchange Coinone, The Herald Business reported exclusively. According to the report, Coinone has emerged as a likely acquisition target following the start of an acquisition process for rival exchange Korbit by Mirae Asset Consulting, a non-financial affiliate of Mirae Asset Group. For its part, Coinone stated that it is discussing various possibilities and keeping its options open.

South Korean crypto exchange Bithumb announced it is resuming withdrawals for Drift (DRIFT). The exchange had temporarily suspended deposits and withdrawals for the token at 6:07 p.m. UTC on April 1, citing suspected security issues. Following the suspension, the price of DRIFT surged over 125% to a high of 241 won ($0.18) in its KRW trading pair.

Stakestone (STO) has surged approximately 290% over the past 24 hours and is currently trading around $0.85. The token briefly touched a high of $0.9847 earlier today. According to CoinMarketCap, STO is trading at $0.8582, up 290.62% from the previous day.

Alabama Governor Kay Ivey has signed a bill that recognizes decentralized autonomous organizations (DAOs) as legal entities, Cointelegraph reported. The legislation, known as the Decentralized Unincorporated Nonprofit Association Act (DUNA), was introduced by Republican State Senator Lance Bell in February and passed the state's House of Representatives on March 17. The new law grants DAOs full legal status, enabling them to own property, enter into contracts, and sue or be sued. It also includes provisions to protect individual members and managers from personal liability for the organization's actions.

Top 5 Rising Sectors - Binance HODLer Airdrop: +179.35%, led by STO (+314.7%) - Binance Wallet IDO: +111.05%, led by STO (+314.7%) - WLFI Ecosystem: +95.39%, led by STO (+314.7%) - DeFi: +23.06%, led by HOTKEY (+26,625.47%) - BNB Chain Ecosystem: +21.47%, led by DOSE (+3,933.08%) Top 5 Falling Sectors - Reddit Points: -22.71% - Startup Memes: -10.21% - Zodiac Theme: -10.16% - AI Conversation (Terminal of Truths): -9.76% - Binance BuildKey TGE: -8.83%

Bitcoin is at an inflection point where downside risk could increase, cryptocurrency analysis platform Bitcoin Vector said on X. The platform noted that its BTC Risk indicator, despite a recent slowdown, failed to transition into the 'low-risk' phase and is now at a point where risk is rising again. If the indicator fails to settle in the low-risk phase, the market will revert to being dominated by sellers, Bitcoin Vector explained. It added that such inflection points often see attempts at short-term rebounds alongside rising selling pressure, frequently leading to a trend of further declines. The BTC Risk indicator is a metric that assesses whether the price of BTC is in a high-risk or low-risk zone.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.7% long, 50.3% short - Binance: 49.53% long, 50.47% short - OKX: 49.16% long, 50.84% short - Bybit: 49.56% long, 50.44% short

The Korea Exchange has activated a sell-side sidecar after the KOSPI plunged more than 5%. This marks the first such activation in eight days, following the last one on March 23. The KOSPI is currently trading at 5,195.61, down 5.17% from yesterday.

An Iranian military spokesperson has announced that a larger, more extensive, and more destructive attack is imminent, according to Iran's Tasnim News Agency.

Drift (DRIFT) has surged on South Korean exchange Bithumb's KRW market, currently trading at 225 won, up 110.28% from yesterday. The token briefly surpassed 230 won. Previously, South Korean exchanges Upbit, Bithumb, and Coinone designated DRIFT as an investment warning item. Deposits and withdrawals for DRIFT are temporarily suspended on Bithumb. The Drift protocol previously suffered a loss of approximately $350 million from a hacking attack.

Drift Protocol (DRIFT) announced on X that a hacker gained unauthorized access to the administrative privileges of its Security Committee today using a novel attack vector involving a "durable nonce." The protocol described the incident as a highly sophisticated strategy that included several weeks of preparation and a phased execution, which utilized a structure to delay the execution of a pre-signed transaction. Drift previously suffered a loss of approximately $350 million from a hacking attack.