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KIS Asset Pricing, an affiliate of international credit rating agency Moody's, has partnered with South Korean crypto exchange Coinone to develop the "KIS-Coinone Stablecoin Index," Yonhap News reported. The index serves as a benchmark to measure the price stability and market trends of major U.S. dollar-pegged stablecoins. Coinone provided exchange data and advisory services for the project, while KIS Asset Pricing designed the methodology and established the calculation and disclosure framework.

South Korean crypto exchange Upbit has announced that it is temporarily suspending deposits and withdrawals for ZeroG (0G) due to a network issue, effective from the time of the announcement.

The South Korean won-U.S. dollar exchange rate has surpassed the 1,510 mark, reaching its highest level in over 17 years.

Erik Voorhees, an early Bitcoin supporter and the founder of cryptocurrency exchange ShapeShift, purchased an additional 2,103 ETH ($4.35 million) about three hours ago, according to Lookonchain.

NYSE Arca and NYSE American have filed a rule change with the U.S. Securities and Exchange Commission (SEC) to eliminate the 25,000-contract position and exercise limits on spot Bitcoin and Ethereum ETF options, The Block reported. The SEC waived the standard 30-day waiting period, making the measure effective immediately upon filing. Restrictions on trading FLEX options, which allow for non-standard strike prices and expiration dates, were also lifted. Going forward, position limits for these ETF options will be calculated based on trading volume and the number of shares outstanding, according to each exchange's general rules. For large, highly liquid ETFs, this could allow for positions of over 250,000 contracts.

The Altcoin Season Index from crypto data platform CoinMarketCap is currently at 49. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins, against that of Bitcoin. An altcoin season is declared when 75% of the top 100 coins outperform Bitcoin over the preceding 90 days; otherwise, it is considered a bitcoin season. A score closer to 100 indicates an altcoin season.

According to data from Tokenomist, the major token unlocks scheduled for this week (March 23–29) are as follows: - SOSO: 13.32 million tokens ($5.35 million), representing 4.55% of circulating supply, at 9:00 a.m. UTC on March 24 - NIL: 110 million tokens ($5.13 million), representing 36.4% of circulating supply, at 1:00 p.m. UTC on March 24 - H: 100 million tokens ($9.68 million), representing 4.19% of circulating supply, at 12:00 a.m. UTC on March 25 - PARTI: 89.29 million tokens ($7.81 million), representing 19.86% of circulating supply, at 10:00 a.m. UTC on March 25 - XPL: 88.88 million tokens ($8.23 million), representing 3.98% of circulating supply, at 12:00 p.m. UTC on March 25 - JUP: 53.47 million tokens ($8.15 million), representing 1.55% of circulating supply, at 2:00 p.m. UTC on March 28

Banks are exploring the introduction of deposit tokens as a method to transfer funds to blockchain-based payment and settlement systems, according to a report from real-world asset data platform RWA.io, cited by Cointelegraph. The report analyzed that deposit tokens are emerging as a key component of on-chain cash infrastructure, alongside stablecoins and central bank digital currencies (CBDCs). The report noted a growing trend of related experiments, particularly in Europe. In January, Lloyds Banking Group and Akas completed the UK's first blockchain transaction using deposit tokens on the Canton Network. Additionally, UK Finance is conducting pilot projects through the middle of this year on applications including personal payments, mortgage adjustments, and digital asset settlement.

Sell-side trading curbs have been triggered on the KOSPI following a sharp decline in the index.

The following is a schedule of key global macroeconomic events for the fourth week of March. All times are in UTC. - March 24, 10:30 p.m. UTC: Fed Vice Chair Michael Barr speaks - March 26, 12:30 p.m. UTC: U.S. initial jobless claims - March 26, 8:00 p.m. UTC: Fed Governor Lisa Cook speaks - March 26, 11:10 p.m. UTC: Fed Vice Chair Michael Barr speaks - March 27, 3:30 p.m. UTC: San Francisco Fed President Mary Daly speaks

CME BTC futures opened today at $67,995 after closing the previous session at $70,155, creating a gap of approximately $2,160. The CME BTC futures gap refers to the space on a chart between the closing price on Friday and the opening price on Monday. This occurs because the CME market is closed on weekends, while the Bitcoin spot market operates 24/7. The greater the spot price volatility over the weekend, the larger the gap. As a result, investors are closely watching to see if the futures price, which is driven by the spot market, will move to fill this gap.

The Crypto Fear & Greed Index, compiled by data provider Alternative, has dropped two points from yesterday to 8, signaling continued extreme fear in the market. The index ranges from 0 (extreme fear) to 100 (extreme greed). It is calculated based on several factors: volatility (25%), market volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search trends (10%).

South Korean crypto exchange Bithumb announced it is temporarily suspending deposits and withdrawals for ZeroG (0G), effective immediately, citing network issues.

According to the CME FedWatch tool, traders are pricing in an 87.6% probability that the U.S. Federal Reserve will hold interest rates steady at its April Federal Open Market Committee (FOMC) meeting. The probability of a 0.25 percentage point hike stands at 12.4%.

Asset manager Fidelity has urged the U.S. Securities and Exchange Commission (SEC) to continue establishing a regulatory framework that would allow broker-dealers to handle and trade cryptocurrencies via Alternative Trading Systems (ATS). According to Cointelegraph, Fidelity stated in a letter that it is crucial to create a comprehensive regulatory framework and clear rules for trading security tokens issued by third parties. The firm also stressed the need to address the regulatory gap between centralized and decentralized trading systems. Fidelity argued that existing regulations require a complete overhaul for decentralized platforms, as the nature of DeFi makes it difficult to apply the SEC's current reporting obligations.

The Bank of Korea has officially launched the second phase of "Project Hangang," its experiment for commercializing a central bank digital currency (CBDC), News1 reported. Kyongnam Bank and iM Bank will join the seven existing participants: KB Kookmin, Shinhan, Woori, Hana, IBK, NH Nonghyup, and Busan Bank. The banking sector is expected to use this second phase as a testbed for applying "deposit tokens" to existing services.

Major exchanges have seen $120 million worth of futures liquidated in the past hour. In the past 24 hours, $539 million worth of futures have been liquidated.

The market always moves contrary to investor expectations, and Bitcoin is currently in a normal correction phase, according to Anthony Scaramucci, founder of U.S. alternative investment firm SkyBridge Capital. He explained that the current downturn is a typical correction similar to past declines, Cointelegraph reported. Scaramucci noted that after bottoming out in December 2022 following the FTX collapse, the market rebounded from January of the following year, with the bull market restarting amid widespread indifference and cynicism. He added that while institutional investors and inflows from spot BTC ETFs have reduced volatility and somewhat weakened the four-year cycle, they have not completely changed its structure. Scaramucci stated that large-scale investors and early participants follow the four-year cycle as a belief, which creates a self-fulfilling prophecy. He predicted that BTC will see significant volatility through the fourth quarter of this year, after which a new bull market will begin and the uptrend will resume.

According to CoinNess market monitoring, BTC has fallen below $68,000. BTC is trading at $67,900.55 on the Binance USDT market.

Whale Alert reported that 220,000,000 USDT has been transferred from OKX to an unknown wallet. The transaction is valued at about $220 million.

Whale Alert reported that 220,000,000 USDT has been transferred from OKX to an unknown wallet. The transaction is valued at about $220 million.

Whale Alert reported that 220,000,000 USDT has been transferred from OKX to an unknown wallet. The transaction is valued at about $220 million.

According to a weekly survey of South Korean investors conducted by CoinNess and Cratos, bearish sentiment has regained dominance. The poll found that 41.3% of respondents expect Bitcoin to fall or drop sharply next week, up from 30.5% the previous week. Conversely, 35.6% anticipate a rise or surge (up from 27.3%), while 23.1% predict sideways movement (down from 32.2%). Reflecting this caution, 43.2% of participants described the current market sentiment as one of fear or extreme fear. Neutral sentiment was expressed by 29.5%, and optimism by 27.3%. When asked about Bitcoin's temporary recovery to the $76,000 level earlier this week, the largest group of respondents (37.5%) dismissed it as a "fake rally" caused by a short squeeze. Another 28.8% believe BTC's direction will ultimately be determined by macroeconomic factors such as the U.S.-Iran war, while 19.2% view it as a genuine rebound with the potential to reclaim $100,000. The remaining 14.5% were unsure.

Major exchanges have seen $242 million worth of futures liquidated in the past hour. In the past 24 hours, $277 million worth of futures have been liquidated.

Major exchanges have seen $116 million worth of futures liquidated in the past hour. In the past 24 hours, $150 million worth of futures have been liquidated.