XRP, ether lead crypto losses as traders eye $70,000 bitcoin next

The senior deputy governor of the Bank of Korea stated that the central bank is more concerned about demand side inflationary pressures rather than supply side, and has predicted that there will be additional interest rate hikes.

[Upbit Lists Ravencoin (RVN) as a Trading Warning Asset] Upbit has listed Ravencoin (RVN) as a trading warning asset, affecting the RVN/KRW, RVN/BTC, and RVN/USDT trading pairs. The warning period is from August 11, 2026, 14:00 to between September 7 and September 11. Upbit has identified a security incident risk associated with Ravencoin (RVN), which may result in user losses. Deposits and withdrawals for this asset were suspended as of August 11, 2026, 00:02, and deposits are currently not being credited.

According to Qilu Evening News, a fraudulent industry chain that uses overseas social platforms for virtual currency staking and mining has been exposed, involving an amount of over 3 million yuan. Scammers use overseas software such as WhatsApp and Discord to induce victims to authorize fake mining contracts, thereby transferring account funds. Currently, it is known that there are over 30 victims, with a maximum loss of over 300000 yuan per person.

According to Digital Asset, LG CNS plans to launch a blockchain service for the stablecoin ecosystem in September, which includes functions such as digital wallets, transaction processing, fee payment, and on chain data management. Lee Jung hwa, the head of LG CNS's blockchain department, stated that wallets are the most important infrastructure in the stablecoin ecosystem, and mastering the entry and exit channels for wallets and fiat currencies occupies a critical position. LG CNS has accumulated CBDC and deposit token related technologies through participating in Project Hangang of the Bank of Korea, and has validated multiple on chain settlement models in experiments.

According to Edaily, the Financial Intelligence Analysis Unit (FIU) of South Korea has passed a revised implementation order of the Specific Financial Information Act. The new regulations require strict review of the qualifications of major shareholders of the exchange, limit the exchange's debt ratio to no more than 200%, and cancel the Travel Rule amount threshold, covering all transfers. Differentiated control measures will be implemented for overseas exchanges and personal wallet transactions, and exchanges must be equipped with professional personnel, equipment, and establish internal control systems. Partial terms will take effect on August 20th, and the Travel Rule will be implemented six months later. Existing exchanges will be granted a one-year grace period.