Marshall Islands launches first on chain universal basic income project

[Coinbase Officially Launches Spot Trading for Theoriq (THQ) and Beam (BEAM)] Coinbase has officially launched spot trading for Theoriq (THQ) and Beam (BEAM) earlier today.

[South Korea Audit Finds Over $15 Million in Relief Funds Misallocated to Crypto Investors, Plans to Amend Laws for Asset Verification] South Korea's audit agency has discovered that approximately 269 individual crypto traders received over $15 million in debt relief from the government’s 'New Start Fund,' which was established to support small and medium-sized enterprises post-pandemic. One beneficiary, who had $62,000 in debt forgiven and saw a 77% reduction in liabilities, still held around $307,000 in crypto assets. Regulators stated that under the current system, it is difficult to verify crypto assets. Legislative amendments are being pushed to grant the Korea Asset Management Corporation (KAMCO) the authority to access beneficiaries' unlisted stocks and crypto assets without consent.

[Wall Street Banks Have Sold Over $530 Million in Bitcoin-Linked Structured Products Since July] Goldman Sachs, JPMorgan, Morgan Stanley, and other major Wall Street banks are selling structured products linked to BlackRock's Bitcoin Spot ETF (IBIT) to high-net-worth clients. Since Jefferies issued the first related note in the U.S. in July, multiple institutions have followed suit, with cumulative sales exceeding $530 million, indicating that Bitcoin is rapidly integrating into the mainstream financial product system.

Member indicators show that the current price of ETH is testing the key support level of 2950, with a chip concentration of 3.87 and a long short ratio of 0.89, indicating a strong carrying capacity. At the same time, the KDJ golden cross combined with the RSI double bottom pattern suggests a high probability of short-term rebound. The 4-hour cycle K-line shows a bottom pattern structure, and the MACD bar chart continues to grow, indicating that upward momentum is accumulating. Although the EMA moving average remains bearish, trading volume has shrunk to 30% of the average level, indicating a weakened downward momentum. Unlock member indicators, accurately grasp ETH support resistance levels, and stay ahead to see market turning points! The data is sourced from the PRO member's [ETH/USDT Binance 4-hour] K-line, for reference only, and does not constitute any investment advice.

The FTC is forcing Nomad operators to compensate users for a $186 million encryption bridge hack in 2022. （Decrypt）