Coinheadlines

The market system has been described by traders for multiple years as a system which sorts people based on their intelligence levels. The “smart money” group consists of hedge funds, banks, market makers who operate at the highest level of the market system. The market system then treats retail traders as emotional who make their trades based on late market information and without any understanding of market conditions.

South Korea’s KBank has entered a strategic partnership with Ripple to run proof-of-concept tests on blockchain-based cross-border remittances, the two companies announced on Monday. The collaboration, formalized at a signing ceremony at KBank’s headquarters in Jung-gu, Seoul, brings together one of South Korea’s most crypto-adjacent financial institutions and a blockchain payments company with a growing list of bank clients worldwide.

Republican Senator Thom Tillis has backed Kevin Warsh’s nomination in the U.S. Federal Reserve chair race, raising hopes of Warsh’s appointment as soon as Powell retires. The support follows the U.S. Department of Justice wrapping up its three-month probe into Powell over the Federal Reserve’s headquarters renovation, clearing a key hurdle that had stalled Warsh’s appointment.

The crypto market gets another heavy supply week. Between April 27 and May 4, more than $300 million worth of tokens are scheduled to enter circulation through a combination of cliff unlocks, single lump-sum releases, and linear unlocks, which release tokens gradually on a daily basis throughout the week. According to data from Tokenomist, six tokens have cliff events above $5 million, while five tokens are delivering daily linear releases above $1 million.

Digital asset advocacy group Bitcoin For Corporations (BFC) has questioned JPX Market Innovation & Research’s recent move of capping crypto firm listings, marking a growing policy dispute over Japan’s index governance framework. According to a report shared with CoinHeadlines, BFC has urged JPX Market Innovation & Research to withdraw a proposed rule that would block companies whose primary assets are crypto from being newly added to the TOPIX and other major Japanese equity indices.

DeFi protocol manager Aave Labs has put forth an integrated proposal to help compensate the rsETH holders who suffered major losses in the Kelp DAO hack. According to a proposal published on Saturday, Aave suggests that the organisation behind Arbitrum should unfreeze $73.5 million in Ether tied to the Kelp DAO attack and direct the funds to “DeFi United,” a fund aimed at restoring rsETH and compensating its holders.

In this Episode of Crypto Cuts we’re chopping up the UAE is turning real estate into smart contracts. the UK is trying to put stablecoins in a regulatory nice little suit. And third, Abu Dhabi just gave multi-chain stablecoin transfers a shot. The United Arab Emirates is not messing around. While the rest of the world is still arguing about whether tokenized real estate is a scam or a revolution, the UAE is already building the highway.

Financial giant Western Union has pinpointed a May deadline for the rollout of its U.S. dollar backed stablecoin USDPT amid a push towards getting digital assets into the core money movement of the service provider. The news, announced on Friday, comes at a time when the firm plans to prioritize wider usage of digital assets and integrate them more deeply going forward.

Until very recently, Bitcoin was thought to be digital gold (in terms of security, reliability and a means to transfer value). Compared to Ethereum (and other platforms designed to use Smart Contracts), Bitcoin was not a platform for NFTs or advanced DApps. However, this all began to change in 2023 with the invention of Bitcoin Ordinals, which have changed Bitcoin into an art gallery of digital artifacts. Suddenly, images, music, text, and even full applications began appearing directly on Bitcoin.

The U.S. has sanctioned several crypto wallets said to be linked to Iran, including addresses holding $344 million in USDT that Tether froze this week. The move adds a digital asset angle to Washington’s wider pressure campaign against Tehran during a tense ceasefire period. CNN reported that the frozen cryptocurrency was linked to Iran, citing a U.S. official.