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The Bank of Korea (BOK) has reportedly halted its Central Bank Digital Currency (CBDC) project following the South Korean government’s focus on stablecoins. The shift has left project participants with “no long-term roadmap” and banks pivoting to this sector.

BOK Suspends Second Phase Of CBDC Testing

On Sunday, local news outlet Yonhap News Agency reported that the Bank of Korea had notified banks participating in the Han River Project that the second phase of CBDC testing would be suspended.

The BOK and seven banks began the first phase of testing in April, targeting 100,000 financial consumers and planning to complete it by June 30. Originally, the project was scheduled to start its second phase at the end of the year, testing peer-to-peer transfers, expanding payment merchant locations, and simplifying authentication methods.

However, banks reportedly raised concerns about the “excessive cost burden without concrete plans for commercialization,” leading to the project’s pause. Notably, the banking sector is bearing the cost of the project and recently demanded that the Bank of Korea provide a clear long-term roadmap with plans for commercialization.

Banks requested the BOK to “establish a ‘CBDC General User Real-Transaction Test Task Force’ involving all relevant departments of the Bank of Korea and banks to develop a long-term roadmap including post-test commercialization plans, and then realistically adjust the project schedule based on this roadmap.”

As a result, the BOK has concluded that it must clarify its internal stance and schedule regarding digital assets, as stablecoin momentum grows and discussions in the National Assembly and the private sector intensify.

According to a senior official at a commercial bank, the Bank of Korea explained that it would “wait and see how the situation develops, given that the legalization of stablecoins is currently underway, while it is unclear how CBDC, stablecoins, and deposit tokens differ and can coexist.”

Similarly, another senior official affirmed that the atmosphere is shifting toward stablecoins, detailing that “Until the dinner meeting between Bank of Korea Governor Lee Chang-yong and bank presidents on the 23rd, the atmosphere was not like this, but the situation has changed significantly since then.”

Nonetheless, the Han River Project could be reconsidered in 2026, according to another bank official, who claimed that the Bank of Korea mentioned the possibility of revisiting CBDC testing and “pushing forward with it around the first half of next year.”

Banks Prepare For Stablecoin Legislation

Following this development, banks participating in the CBDC project are expected to shift to stablecoin issuance as related legislation gains support, preparing for issuance with other banks or non-bank entities.

 At the start of the month, a member of South Korea’s ruling party, Min Byeong-deok, introduced a comprehensive bill to establish a more structured regulatory framework for crypto assets in the country.

As reported by Bitcoinist, the Democratic Party of Korea (DPK) lawmaker proposed the Digital Assets Basic Act to complement the Virtual Asset Investor Protection Act and offer a broader legal foundation for the industry.  Additionally, it focuses on implementing a licensing system for stablecoin issuers and clear rules.

The banking sector is considering a business model in which banks establish a joint venture to collectively issue stablecoins, while contacting various non-bank companies to prepare for the legalization and issuance of stablecoins.

A bank official affirmed that “It is unclear whether banks or big tech (large IT companies) and fintech (financial technology companies) will be the issuers of stablecoins,” adding that they “have no choice but to prepare for both scenarios before legalization.”

Another bank official stated that it is necessary to collaborate with fintech companies for scalability, explaining that banks are “not only discussing stablecoins with the Bank of Korea and other banks, but also meeting regularly with ‘payment’ companies, cryptocurrency exchanges, and blockchain companies to prepare for the issuance of stablecoins.”

Circle (CRCL), issuer of the market’s second largest stablecoin, USDC, is applying to establish a national trust bank in the United States. This announcement follows Circle’s recent Initital Public Offering (IPO), which valued the company at nearly $18 billion. 

Circle Seeks OCC Approval 

If approved by the US Office of the Comptroller of the Currency (OCC), the new entity, named First National Digital Currency Bank, N.A., will allow Circle to serve as a custodian for its reserves and manage crypto assets on behalf of institutional clients.

Circle’s CEO, Jeremy Allaire, emphasized the company’s commitment to trust, transparency, and compliance during an interview with Reuters. He stated, “Becoming a publicly traded company is a significant part of that, and becoming a national trust company is again a continuation of that.” 

Unlike traditional banks, this new charter will not permit the stablecoin issuer to accept cash deposits or issue loans, marking a distinct approach to banking within the digital asset space.

Currently, Circle’s reserves are managed at BNY Mellon and BlackRock, backed by a mix of short-term Treasury bills, cash, and other liquid assets. The proposed national trust bank would primarily focus on custody services for tokenized assets, such as stocks and bonds, rather than traditional cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH). 

Upcoming Stablecoin Legislation

This initiative comes at a crucial time as Congress moves closer to enacting a federal regulatory framework for stablecoins. The recently passed stablecoin bill, the GENIUS Act, mandates that stablecoins be backed by liquid assets and requires issuers to disclose their reserve compositions monthly. 

With the House of Representatives poised to vote on the legislation soon, and US President Donald Trump expected to sign it into law, the regulatory environment for stablecoins is on the verge of significant change. 

Allaire remarked on the transformative potential of this regulatory shift, stating, “We’re going from the early-adopter phase of this technology into the mainstream.” 

He expressed optimism that securing approval for the national trust charter would provide a solid foundation for institutions to build upon, further legitimizing the role of stablecoins in the financial ecosystem.

CRCL Closes At $180

Per the report, Wall Street’s initial response to Circle’s growth has been largely positive, with several major brokerages, including Barclays and Bernstein, issuing “buy” ratings and setting price targets above $200 for the company’s stock. 

However, some analysts have expressed caution regarding the stock’s valuation, which has more than doubled since its market debut. As of press time, CRCL closed Monday’s trading session at $180, representing a nearly 40% drop from its $299 record achieved last week. 

Allaire concluded by highlighting Circle’s approach in aligning with emerging US regulations. He noted that the establishment of a national digital currency trust bank represents a significant milestone in the quest to create a transparent, efficient, and accessible internet financial system. 

Featured image from DALL-E, chart from TradingView.com 

The first-ever staking-enabled Solana ETF in the U.S. is set to launch tomorrow, July 2nd, marking a major milestone for institutional adoption of Solana ($SOL).

The announcement has already sparked market momentum, with $SOL surging over the past 24 hours to a high of $159.24, signaling growing investor confidence ahead of the ETF debut.

The excitement could also spill over into crypto presales like Snorter Token ($SNORT), a native Ethereum token that features a bridge to Solana, potentially gaining traction as interest in Solana-based assets heats up.

Rex-Osprey Solana ETF Effectively Approved, More ETFs Coming Soon

REX Shares announced on X today that the ‘first-ever staking crypto ETF in the US’ is coming on Wednesday. This will provide investors with direct exposure to $SOL while also offering staking rewards.

In May, the company, along with Osprey Funds, sent a proposal to the SEC for a Solana and an Ethereum ETF with staking rewards.

Rex-Osprey received a response on Friday with the SEC providing no further comments. This effectively approves the organization’s application.

Aside from Rex-Osprey, there are at least nine other similar filings at the SEC. If approved, these should drive up Solana’s value even further.

$SOL Goes Up with the Rex-Osprey Solana ETF News

Solana’s native token saw a flurry of activity in the past 24 hours, thanks to the news. It’s been up by 0.84% during the period and around 2% in the last seven days.

Launched in 2020, Solana has been the unofficial home of the best meme coins with its low transaction fees and high throughput.

Get Ready for the New Wave of Meme Coins with Snorter Token ($SNORT)

With increased interest in Solana could come an influx of new meme coins. This should make finding legitimate and promising coins even more challenging.

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Another important feature is the honeypot and scam protection. With the number and speed of token launches on any given day, it’s difficult to check what’s real and what’s a scam. The bot has got your back covered.

All these get better when you hold its native Snorter Token ($SNORT). You’ll unlock 0.85% fees, unlimited snipes, analytics, staking rewards, governance rights, and even community incentives.

$SNORT is currently available for $0.0967 each at its official presale page.

To buy tokens, connect your crypto wallet like Best Wallet, enter how many tokens you want to purchase, and pay with your debit/credit card, $SOL, $ETH, $USDT, or $USDC.

For step-by-step instructions on how to get $SNORT, you can check out our Snorter Token buying guide.

The project also offers staking rewards, which are currently at 241% p.a. Alternatively, you can HODL as $SNORT could reach as high as $3.25 according to our Snorter Token price prediction.

Solana ETFs Bode Well for the Market and New Cryptocurrencies

The SEC’s approval of Rex-Osprey’s Solana ETF application marks a new chapter in the US’s increasing acceptance of cryptocurrencies and related projects.

This is a huge plus for new crypto like Snorter Token ($SNORT), which will make it easier for investors to find the best presales to put their money into.

If you’re considering buying $SNORT and other crypto, be sure to do your research first. This is not financial advice.

Компания Circle, эмитент стейблкоинов USDC и EURC, подала в Управление контролера денежного обращения США (OCC) заявку на получение лицензии национального трастового банка.

Эксперты компании CryptoQuant сообщили, что на рынке спрос на первую криптовалюту не успевает за предложением от публичных майнеров и долгосрочных держателей актива.

Data shows XRP and Ethereum top the Funding Rate charts among the major cryptocurrencies, a sign of growing demand for long positions.

XRP & Ethereum Funding Rates Have Turned Sharply Positive

In a new post on X, the on-chain analytics firm Glassnode has discussed about how the top cryptocurrencies by market cap currently compare in terms of the Funding Rate.

The Funding Rate refers to an indicator that keeps track of the amount of periodic fees that the investors on the perpetual futures market are paying each other on the various centralized exchanges.

When the value of this metric is positive, it means the long investors are paying a premium to the short ones in order to hold onto their positions. Such a trend suggests the presence of a bullish bias in the derivatives market.

On the other hand, the indicator being under the zero mark implies the short positions outweigh the long ones and a bearish sentiment is shared by the majority of the traders.

Now, here is the table shared by Glassnode that shows the current Funding Rate for the major assets in the sector:

As is visible above, all of these assets except for one have their Funding Rate above the 0% level. For many, however, the metric still has only a small value, meaning that the sentiment tends more or less neutral.

Among the coins with a long bias, XRP and Ethereum particularly stand out, with the metric sitting at 0.093% and 0.083%, respectively. For comparison, the coin with the third highest Funding Rate, Tron (TRX), stands at 0.0052%.

The change to this highly positive sentiment has come for the two coins as on-chain metrics have been giving indefinite signals. The Supply in Profit is at 79.5% for XRP and 64.7% for ETH. This means while the majority of the supply is in the green, the distribution isn’t as extreme as for Bitcoin (98.4%) or Tron (96.6%).

Both of the cryptocurrencies have noted a decline in Daily Active Addresses, which measures the daily number of addresses taking part in transfer activity on the network. The metric is down 11.4% for ETH and 34.3% for XRP.

While active users themselves have become fewer, it would appear that those who are left have ramped up activity, as the On-Chain Volume is up by 74.5% for the former and 637.3% for the latter.

Despite the mixed conditions, futures market users are putting on bullish bets. “This signals growing demand for long exposure, even as on-chain activity and sentiment remain mixed,” notes the analytics firm.

XRP Price

At the time of writing, XRP is trading around $2.21, up almost 9% in the last week.

Circle, the company behind the $USDC stablecoin announced on June 30 that it has applied for a national trust bank charter.

If approved by the US OCC , the so-called First National Digital Currency Bank is the latest confirmation of the shift to decentralized financial infrastructure for TradFi and banking.

With a blockchain banking revolution on the horizon, which altcoins could be poised to benefit?

Circle Builds on IPO with First National Digital Currency Bank

Circle’s trust banking license aspirations follow its landmark IPO that valued the company at approximately $18B.

If passed, the First National Digital Currency Bank, N.A. will allow Circle to custody its $USDC reserves and offer token asset custody services to institutional clients.

Circle’s USDC reserves, currently held and managed by BNY Mellon and BlackRock, would now benefit from in-house oversight, increasing credibility with institutional players.

Compliance with the license demands that it not cross into deposit-taking or lending. This could be subject to change, of course, as the regulatory environment in the US clarifies.

So far, meeting compliance standards has led Circle to prioritize seeking licenses:

• Receives first-ever NYFDS BitLicense in 2024
• Achieves full compliance with EU’s MiCA regulatory framework in 2025
• Granted in-principle approval from the regulatory authority of Abu Dhabi to provide money services in 2025

CEO Jeremy Allaire emphasized Circle’s commitment to building ‘an internet financial system that is transparent, efficient, and accessible.’

The timing of the move isn’t just about the IPO; it also aligns well with US regulatory currents, including the GENIUS stablecoin bill now advancing through Congress.

That bill mandates clear reserve structures and full transparency to help normalize stablecoin use within legacy financial institutions.

TradFi’s Shift from Dinosaur to Early-Adopter

TradFi is increasingly exploring blockchain as a remedy to its woes.

Aave founder Stani Kulechov highlighted the benefits blockchain brings to TradFi: unmatched global reach, instant access to digital financial products, and a global customer base.

That’s all in stark contrast to traditional finance’s piecemeal, jurisdiction-bound approach to financial products.

Hurdles remain, of course. Fragmented interoperability between tokens and blockchains hampers liquidity and cross-chain transactions. There are proposed solutions, though, such as Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which aims to knit together disparate blockchains as logically as the internet connects different networks.

Kulechov envisions a future where DeFi protocols like Aave serve as global financial utilities, unhindered by siloed systems.

Institutional Stablecoins vs Crypto-Native Alternatives

Reports that a banking consortium including JPMorgan, Bank of America, Citigroup, and Wells Fargo is considering issuing its own stablecoin overlook a salient point:

In order to beat crypto, TradFi will need to become crypto – embracing core principles of accountability and transparency.

TradFi will also have to overcome an increasingly strong first-mover advantage wielded by Circle and others. As Todd Ruoff, CEO of Autonomys, said, ‘the rules were written by crypto natives.’

Circle is covered by licenses in 46 US states, plus by New York BitLicense, along with a $USDC market cap hovering around $61B. That’s a big hurdle for any new TradFi/crypto banks to overcome.

While the banks plan their entry into blockchain, these three altcoins are poised to make big gains.

1. Best Wallet Token ($BEST) – Building a Better Web3 Wallet with the $BEST Token

The key to First National Digital Assets Bank could rest in your crypto wallet. That’s why you need the toughest crypto wallet around.

Best Wallet provides a simple, secure, and straightforward way to store and use crypto. With MPC and biometric security and the ability to create multiple wallets, you can buy, store, and swap crypto securely, all within a single, powerful Web3 wallet.

When you load it up with the native $BEST token, you get even more utility from your wallet, including:

• Lower transaction fees
• Higher staking rewards
• Earlier presale access

Select crypto presales are available directly within the Best Wallet app, making researching and purchasing the hottest crypto presales easier than ever.

Learn how to buy Best Wallet Token and see why our own price prediction sees $BEST moving from its current $0.025265 to a potential $0.62 by 2026.

Visit the presale page to buy or learn more.

2. Snorter Token ($SNORT) – Sniff Out and Snipe Hidden Solana Meme Coins for Max Gains

You want meme coins — the frenetic energy, crazy gains, and potential for wild swings that every degen craves.

But you won’t find those on your mainstream CEXs – at least, not very often. Most of the time, the best action comes from low-cap tokens trading underground on sites like Telegram. But how do you find them?

That’s where Snorter Bot and the $SNORT token come in.

What is Snorter? It’s the best way to hunt down the best Solana meme coins, with all the tools you need to trade with confidence. This includes:

• Trading alerts
• Automated sniping
• Rugpull protection
• Honeypot detection
• Stop/loss orders
• Copy trading

And with the $SNORT token you’ll get lower trading fees and better access to new tokens. It’s one of the reasons our $SNORT price prediction sees the token climbing to $0.94 from its current $0.0967, delivering 872% gains by the end of 2026.

Learn how to buy Snorter Token and visit the presale page.

3. World Liberty Financial ($USD1) – Trump’s Own Stablecoin, and a Door to More?

Donald Trump has gone big on crypto, both in his administration and personally. World Liberty Financial, his official crypto project, is one of his biggest moves.

There was a World Liberty Financial presale for its governance token, $WLFI, a few months ago, but the biggest offering from the project so far has been $USD1, a dollar-based stablecoin.

There’s no room for big gains with $USD1 itself, but the token could anchor a much more significant crypto ecosystem from a US president who already has a stablecoin and his own meme coin.

In the meantime, $WLFI recently attracted a $100M investment from the UAE as international investors see the potential benefits of Trump’s global crypto aspirations.

What Lies Ahead for Circle

Circle’s trust bank charter application is under regulatory review; approval would mark a significant milestone in bridging the TradFi and blockchain worlds.

With Circle’s bank charter bid, regulatory advances, DeFi’s global potential, and the rise of institutional stablecoins, all the elements are emerging for an intertwined financial ecosystem.

These three altcoins could be in line to benefit, but always do your own research. This isn’t financial advice.

Московская биржа готовится расширить перечень инструментов на базе криптовалют для квалифицированных инвесторов. Об этом сообщила управляющий директор рынка деривативов Мосбиржи Мария Патрикеева.

Губернатор штата Коннектикут Нед Ламонт (Ned Lamont) подписал законопроект, запрещающий государственные инвестиции в биткоин и другие цифровые активы.

Крупнейшая группа сберегательных банков Германии Sparkassen-Finanzgruppe объявила о намерении внедрить услуги по торговле биткоинами и прочими цифровыми активами для частных клиентов с 2026 года.

Bitcoin (BTC) has remained range-bound between $100,000 and $110,000 since May, offering few clues about its next directional move. While this sideways price action may be frustrating traders, on-chain indicators suggest there may be more happening beneath the surface.

Long-Term Holders Are Selling Bitcoin

According to a recent CryptoQuant Quicktake post by contributor Yonsei_dent, long-term holders (LTHs) – those who have held BTC for more than six months – have been consistently selling their coins. Two key indicators, the Spent Output Age Bands (SOAB) and Binary Coin Days Destroyed (CDD), support this observation.

For the uninitiated, SOAB is an on-chain metric that tracks the age of Bitcoin being spent, categorizing coins based on how long they were held before being moved. It helps identify whether short-term or long-term holders are currently active, revealing shifts in investor behavior and broader market trends.

Similarly, Binary CDD is a simplified on-chain metric that shows whether LTHs spent any coins on a given day – represented as a binary “yes” (1) or “no” (0). Unlike traditional CDD, it focuses solely on the presence or absence of LTH activity, making it easier to spot trend changes in long-term holder behavior.

What’s notable, according to Yonsei_dent, is that despite this steady selling by LTHs, BTC’s price has not broken down. The fact that the market is absorbing this selling pressure suggests that new demand – possibly from fresh buyers – is stepping in. The analyst added:

For a bullish trend to sustain, this kind of healthy rotation (from strong hands to new buyers) is essential. In that context, LTH spending isn’t a warning sign – it’s actually a constructive signal.

In addition, there’s rising activity from holders who acquired BTC one to three years ago. This likely reflects profit-taking by those who bought during previous cycle lows.

That said, such selling does not necessarily indicate weakness. On the contrary, it suggests a transition in market leadership from older to newer holders – a dynamic typically seen in the mid-to-late stages of a bull market.

In conclusion, Yonsei_dent believes that the crypto market is likely in a phase of “quiet redistribution,” where LTH selling is being matched by sufficient buy-side demand – potentially setting the stage for the next strong move.

Not All Analysts Are Optimistic

Despite the constructive signals from SOAB and Binary CDD, not all analysts are convinced of a near-term breakout. For example, the Bitcoin MVRV ratio is showing signs of bull market fatigue.

Likewise, even after the recent price rebound, Bitcoin network activity remains significantly muted – raising concerns about a broader lack of user engagement. At press time, BTC trades at $107,781, down 0.1% over the past 24 hours.

Председатель компании Strategy Майкл Сэйлор (Michael Saylor) заявил в социальной сети X, что его компания приобрела новый стек биткоинов в количестве 4980 BTC за $531,9 млн по средней цене около $106 801 за BTC.

Get Early Alpha with Our Immediate Analysis of Today’s Best Meme Coins

Check out our Live Update Coverage on the Best Meme Coins for July 1, 2025!

Meme coins are at the forefront of today’s crypto surge, riding the bullish hype like none other. Backed by unwavering support from asset managers like JPMorgan and exchanges, the momentum is rising constantly.

With a marketing cap nearing $55B, meme coins have Lamborghini potential (think 7-10x in a day). High-risk, high-reward players naturally love them, and so should you.

This page gives you the inside edge—live updates on trending meme coins, alpha from crypto degens, and whispers from FOMO-driven trading circles. If you’re hunting for the next 10x or 100x gem, you’re in the right place.

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Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. 95% Chance of Crypto ETF Approvals as V3 Liquidity Pools Open on Solana: Everything Points to Solana Meme Coins Rallying

July 1, 2025 • 07:47 UTC

Approval odds for Solana, Litecoin, and XRP ETFs have jumped from 90% to 95%.

We expect a wave of new ETFs in the second half of 2025.

—James Seyffart, X Post

Approval for an ETF based on a basket or index of crypto assets was also tipped at 95%. The forecast is good for Dogecoin, Cardano, Polkadot, Hedera, and Avalanche ETFS, too, whose odds were bumped up to 90%.

While favorable outcomes loom in the ETF space, PancakeSwap is launching V3 liquidity pools on Solana, the home of the best Solana meme coins.

Basically, this means lower fees for traders and higher earnings for liquidity providers on one of crypto’s fastest chains, Solana.

Meme coin season is officially open, and Snorter Bot ($SNORT), a Telegram-based trading bot, makes sniping Solana meme coins even cheaper and faster.

Get $SNORT and sniff out tomorrow’s top performers before the whales and bots arrive.

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Analysts Predict a 9% $BTC July Rally After Bitcoin Hits Record Monthly Close at $107K, Fueling Meme Coins Like Bitcoin Hyper

July 1, 2025 • 07:47 UTC

Bitcoin recorded a monthly close of $107K, which prompted analysts to predict a 9% July rally.

This is despite the spinning top candle pattern, which is usually associated with a dip, according to July 2024’s candle pattern, which saw Bitcoin lose 8.6% the following month.

Analyst Rekt Capital observed that Bitcoin closed below the final major weekly resistance, which indicates an early stage of Lower-High resistance.

Despite the unfavorable context, Markus Thielen, head of 10X Research, is confident that Bitcoin is setting up for a 9% July rally.

This prediction comes one month after 10X Research suggested that the reason Bitcoin isn’t rallying, despite the massive inflows, is that ‘substantial selling is occurring beneath the surface.’

In the context of a potential Bitcoin rally, we should see associated projects, like Bitcoin Hyper, follow the same path.

Bitcoin Hyper ($HYPER) is Bitcoin’s Layer 2 upgrade, promising faster transactions and lower network costs, currently in presale.

Read more about Bitcoin Hyper ($HYPER) on the presale page.

Криптоплатформа Millionero предупредила о мошенниках, распространяющих фишинговые электронные письма и создающих поддельные группы в Telegram. Злоумышленники выдают себя за официальных представителей Millionero.

Stay Ahead with Our Immediate Analysis of Today’s Best Crypto Presales

Check out our Live Update Coverage on the Best Crypto Presales for July 1, 2025!

Crypto presales growing in popularity by the day, kicked into motion by influential market movers like Mastercard, Visa, and the influx of new ETFs. These early-stage crypto projects are often significantly more profitable than established coins like Bitcoin.

We’ll give you live updates on the trending presales, whale activities, projecting funding and development rounds, and critical alerts—everything you’ll need to get an edger.

We update this page frequently throughout the day, as we get the latest insider insights on the hottest presales, so keep refreshing!

Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. DEXs Captured 30% of CEX Spot Trades in June But Non-Custodial Wallets Are Safer Than Both: $BEST Presale Headed Up?

July 1, 2025 • 07:15 UTC

DEXs have recorded $385B in spot trades in June, according to data collected by The Block, despite DEX’s 30-day trading volume being down by 12% in June compared to May.

The difference is that CEX spot trades are down 30% during the same period, making it the lowest monthly trade volume since September 2024.

These numbers are important because the disparity between DEXs and CEXs never fell below 12% in 2025 and only went under four times during a 5-year span, between 2019 and 2024.

The reason behind the observation, according to analyst Ignas, is that traders appear to use DEXs for price discovery movements, but use CEXs for exit liquidity.

This trend can have a potentially negative impact on fund security, given that DEXs are rather suboptimal in this category, compared to non-custodial wallets.

Products like Best Wallet, for instance, are non-custodial, require no KYC, and are free to use, making them superior in terms of overall security and ease of use.

Best of all, the Best Wallet Token ($BEST) presale improves on the best aspects of this wallet (trading fees, staking, and community governance).

Learn more about Best Wallet Token here.

Solana and $SOL Coins Due for an Explosion, According to Trader: Snorter Token Presale Might Be the Biggest Gainer

July 1, 2025 • 07:13 UTC

Analyst Bluntz (ranked as Master Trader on Bybit) is confident that Solana and $SOL coins should go parabolic soon. The reason? Solana breaking a resistance line that’s kept $SOL down for over a month.

nice downtrend  break on $sol overnight, i think were in for a good week next week, sol eco also starting to perk up and look real good again.

i think we’re back baby.

—Bluntz, Crypto Trader, X

The 24-hour trading volume for Solana coins has gone up 31%, and the market cap nears $200B. Solana itself is red-hot, with a 72% increase in volume in the last day.

And with REX-OSPREY announcing the first-ever US Solana ETF with staking, the future looks slaptastic for the ecosystem. Will we finally see $SOL break the $200 level again and head to $300?

When that happens, how do you think Solana coins and presales like Snorter Token ($SNORT), which introduces one of the best $SOL memecoin trading bots, will react?

$SNORT promises the lowest fees on Solana, exclusive access to new tokens, and the fastest transaction execution. Read more in our ‘What Is Snorter Token’ guide.

Visit the official Snorter Token presale page for more information.

 

South Korean interest in digital assets is on the rise, with a significant number of retail investors planning to increase their crypto exposure over the coming year.

A recent survey conducted by the Hana Financial Research Institute polled 1,000 individuals aged 20 to 59, revealing that while 27% already hold digital assets, 70% of respondents, and 86% of current holders, intend to expand their crypto investments.

The findings come as the country’s political leadership signals a regulatory shift that could spur further adoption, particularly through the promotion of won-based stablecoins.

The momentum is not limited to younger investors. The study found that the age group with the largest share of crypto holders was individuals in their 40s, accounting for 31% of all current holders.

While younger investors lean toward speculative trading strategies, respondents in their 50s cited retirement planning as a major reason for entering the digital asset space. Gender disparities remain notable, with Korean men being about twice as likely as women to own crypto assets.

Despite growing adoption, concerns around market volatility persist, although only a third of respondents listed security risks as a top concern, even though half store assets on exchange hot wallets.

Policy Support and Retail Enthusiasm Align

Interest in cryptocurrency is growing alongside broader market enthusiasm for firms associated with stablecoin development. The trend gained traction following the election of President Lee Jae-myung, who assumed office in early June.

Lee has pledged to legalize the issuance of won-based stablecoins, with proponents arguing that this could reduce trade costs, diversify foreign exchange exposure, and increase global investor participation in Korea’s economy.

Lawmaker Min Byeong-deok, who served as head of digital assets during Lee’s campaign, echoed these benefits, noting that legal clarity could be a key driver of future economic gains.

In line with this agenda, a new parliamentary proposal would allow domestic firms with a minimum equity capital of 500 million Korean won (approximately $367,000) to issue won-denominated stablecoins.

The draft law bears similarities to the GENIUS Act currently under review in the United States, though the Korean version includes explicit capital thresholds.

In contrast, the GENIUS Act does not mandate a minimum equity requirement, although it imposes enhanced oversight on issuers with market capitalizations exceeding $10 billion.

Foreign Investments Reflect Rising Confidence

Korean retail interest in stablecoins is also reflected in foreign stock holdings. Following its public listing, Circle, the issuer of USDC, has become the top overseas equity investment among South Korean retail investors, with $443 million allocated, according to Bloomberg.

Notably, as South Korea’s regulatory environment continues to evolve, retail and institutional activity may play an increasingly central role in shaping the country’s crypto economy.

Featured image created with DALL-E, Chart from TradingView

Злоумышленники запустили мошенническую рекламу в соцсети Facebook, маскируясь под криптопроект Pi Network. Они распространяют вредоносное программное обеспечение (ПО) для кражи учетных данных и сид-фраз от криптокошельков.

According to a survey by Hana Bank’s Hana Financial Research Institute, half of adults in their 20s through 50s have tried crypto, and more than a quarter still hold them.

The study finds that 51% of people in that age range have some experience investing in crypto, while 27% currently own virtual assets. On average, these holdings make up 14% of their financial portfolios—about 13  million won.

Age And Gender Gap

The breakdown by age shows the biggest group of investors are in their 40s at 31%, followed by those in their 30s at 28%, people in their 50s at 25%, and the youngest group, those in their 20s, at 17%.

Men still lead by a wide margin, accounting for 67% of crypto investors compared with 33% women, but female participation has surged since 2024.

Investment Patterns And Portfolios

Crypto investors tend to be more active overall. Their average financial assets reach 96.79  million won—1.3 times the 75.67  million won held by non‑investors.

Among those who have ever bought virtual assets, 38% describe themselves as having an aggressive approach, versus just 20% in the general investing public.

They also juggle more products—7.3 different investment vehicles on average compared with 4.3 for non‑crypto investors—and 73% of them hold domestic stocks.

Trading ETFs and ISAs is 1.5 times more common among virtual asset holders than among others.

Entry Times And Amounts Invested

Most people jumped in during the Bitcoin boom of 2020, with over 60% saying they began buying crypto that year.

Three‑quarters of investors started with less than 3  million won, but today 42% have pumped more than 10  million won into virtual assets over time. That shift shows a growing willingness to scale up stakes once confidence sets in.

A Shift From FOMO To Strategy

Fear of missing out used to drive 57% of new investors, but that’s fallen to 34%. Meanwhile, those citing “new investment experiences,” growth potential or portfolio balance rose from 26% to 44%.

When hunting for tips, 39% now lean on friends and family (down from 44%), while official exchange sites attract 24% (up from 15%) and analysis platforms draw 19% (up from 10%).

Diversification And Exchange Preferences

In the early days, 89% of investors focused only on Bitcoin. Over time, more branch out into altcoins, stablecoins and even NFTs. Most use more than one exchange—7 out of 10 trade on Upbit, which links to K Bank.

Features like trading volume or UI matter less now; bank linkage ease (7→11%) and promotions (2→10%) rank higher when choosing an exchange. If exchanges lifted their one‑bank‑only rule, 70% say they’d stick with their main bank rather than open a new one for perks.

Featured image from Unsplash, chart from TradingView

Chainlink has gone up by almost 12% during the past week as on-chain data shows investors have continuously been withdrawing from exchanges.

LINK Exchange Netflow Has Been Negative For Last Ten Days

In a new post on X, the institutional DeFi solutions provider Sentora has talked about the latest trend in the Exchange Netflow of Chainlink. The “Exchange Netflow” is an indicator that measures the net amount of the asset that’s entering or exiting the wallets associated with centralized exchanges.

When the value of this metric is positive, it means the investors are making net deposits to these platforms. As one of the main reasons why holders transfer to exchanges is for selling-related purposes, this kind of trend can lead to a bearish outcome for the asset.

On the other hand, the indicator being under the zero mark suggests the exchange outflows are overwhelming the inflows. Generally, holders take their coins into self-custodial wallets when they plan to hold them in the long term, so such a trend may end up being bullish for the cryptocurrency’s price.

Now, here is a chart that shows the trend in the Chainlink Exchange Netflow over the past ten days:

From the graph, it’s visible that the Chainlink Exchange Netflow has remained at negative values throughout this window, implying investors have consistently been pulling supply out of central entities.

“Exchanges have seen uninterrupted net outflows of LINK since 20 June, with about 3.86 million tokens ($51.26 million) leaving exchanges since then,” notes Sentora. Alongside the outflow spree, the coin has enjoyed a price surge of nearly 12% over the past week.

This could be a potential indication that the outflows have corresponded to accumulation from the traders. Though something to note is that the bulk of the gains came in a quick, strong burst, and the rally has cooled off since. Thus, while the withdrawals have been maintained, the coin hasn’t pushed higher.

Nonetheless, the fact that Chainlink holders are continuing to shift coins away from the wallets that they don’t control remains a constructive sign for the cryptocurrency.

In some other news, Bitcoin has recently also experienced exchange outflows, as X user Badwi Crypto has pointed out using data from the on-chain analytics firm Santiment.

As displayed in the above chart, the amount of Bitcoin supply sitting in exchange-associated wallets saw a decline earlier in the year, which culminated in a sharp withdrawal spree this month. Since the burst of outflows, however, the metric has taken on a sideways trend.

LINK Price

At the time of writing, Chainlink is floating around $13.22, down more than 1% in the last 24 hours.

Crypto asset investment products saw continued momentum last week, with $2.7 billion in net inflows reported across major funds. According to data from CoinShares, this marks the 11th consecutive week of inflows, bringing the year-to-date total to $16.9 billion.

The sustained interest has been led by institutional players such as BlackRock, Fidelity, Grayscale, Bitwise, ProShares, and 21Shares, all of which have seen growing demand for their crypto-related products.

US Leads Inflows While Bitcoin Maintains Dominance

The majority of last week’s inflows originated from the United States, which accounted for $2.65 billion of the global total. Minor contributions also came from Switzerland and Germany, at $23 million and $19.8 million respectively.

Meanwhile, other regions, including Canada, Hong Kong, and Brazil, saw modest outflows. Notably, Hong Kong registered total outflows of $132 million for the month of June, despite having previously recorded strong inflow activity during regional price rallies.

Bitcoin remained the primary recipient of institutional interest, attracting $2.2 billion, or roughly 83% of the week’s inflows. Short-Bitcoin products, however, experienced $2.9 million in outflows, bringing total year-to-date outflows for bearish bets on BTC to $12 million.

This inverse movement highlights a broader market leaning towards long exposure, reflecting positive sentiment around Bitcoin’s current price structure and potential future performance.

James Butterfill, head of research at CoinShares, noted that the mid-year performance closely tracks that of 2024, which ended June with inflows totaling $18.3 billion.

Butterfill attributed the ongoing trend to a combination of macroeconomic factors, including geopolitical instability and shifting expectations around central bank policies.

He emphasized that uncertainty surrounding interest rate cuts and broader economic signals has likely driven investors to consider digital assets as part of a diversified strategy.

Ethereum Sees Solid Inflows, Solana Lags Behind

Ethereum also recorded meaningful inflows last week, with $429 million added to institutional products tied to the asset. Year-to-date, Ethereum-focused funds have now accumulated $2.9 billion in net inflows, positioning it as the second-most favored digital asset among institutional investors.

The rise in ETH inflows comes amid continued growing activity in Layer 2 networks, which have contributed to the platform’s expanding utility. Solana, by contrast, continues to lag in investor interest, with only $91 million in inflows reported for the year so far.

While Solana has gained traction in areas such as DeFi and NFT issuance, it appears to be attracting more speculative capital rather than large-scale institutional flows at this stage.

The disparity between Ethereum and Solana suggests that investor confidence is still largely tied to the more established networks when allocating capital to altcoins.

Featured image created with DALL-E, Chart form TradingView