Gate News message, April 21 — Michael DeSombre, the U.S. State Department's assistant secretary for East Asian and Pacific affairs, urged South Korea to reduce its reliance on Chinese technology and revise regulatory rules seen as disadvantaging U.S. companies. DeSombre cited security risks linked t

South Korea's Financial Services Commission clarified that financial institutions need not confirm VASP status for bankrupt corporate customers not engaged in digital asset trading. Ongoing due diligence is required, and any resumption of trading necessitates verification and potential termination of the relationship if regulations aren't met.

Charles Hoskinson warned that Bitcoin's BIP-361 upgrade, meant to address quantum threats, is wrongly classified as a soft fork. It could freeze 1.7 million BTC, including 1 million from Satoshi Nakamoto, as early coin owners can't prove ownership.

The NYSE proposed a rule change to allow eligible securities to trade in a tokenized form, following similar SEC-approved Nasdaq rules. Tokenized securities must match traditional ones in identifiers and rights, initially focusing on Russell 1000 Index constituents and ETFs, with T+1 settlement and existing regulations.

Tokyo has launched a subsidy program for businesses creating yen-denominated stablecoin use cases, offering up to 40 million yen. Applicants must meet specific eligibility criteria and can face repayment penalties if use cases aren't developed or subsidies are misused.

Gate News, a message from April 8: According to monitoring by Trader T, yesterday (April 7), Ethereum spot ETFs saw net outflows of $64.61 million. Among them, Fidelity FETH had outflows of $48.21 million, and BlackRock ETHA had outflows of $16.39 million; together, they accounted for all of the total outflow. The remaining institutions had no fund flows that day.

Gate News message, on April 3, according to CloverPool data, the Bitcoin network has completed a new round of mining difficulty adjustment, with the difficulty value increasing by 3.87% to 138.97 T. The current Bitcoin network has a hashrate of 986.02 EH/s, and the next difficulty adjustment is expected to occur in about 14 days.

Gate News message: On April 1, crypto-friendly bank Cross River Bank completed a $50 million funding round, with investment participation from funds under T. Rowe Price and others. The raised funds will be used to accelerate product launches, deepen partner relationships, and expand international business.

Bitcoin Treasury Bonds Company Strive and Tuttle Capital Management filed an application with the U.S. SEC, planning to launch a "T-Strive Digital Credit ETF" and list it on the Cboe exchange. The ETF invests in preferred stock issued by the Bitcoin Treasury Bonds Company through swaps and leverage instruments, and holds 13,310.9 BTC.

Strive will partner with Tuttle Capital Management to launch the T-Strive Digital Credit ETF, investing in variable-rate perpetual preferred stocks STRC and SATA. After the ETF is approved, it will be traded on the Chicago Board Options Exchange under the stock ticker DGCR.