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🤝 Hedera shakes up finance: Shinhan Bank launches KRW on the blockchain for seamless transactions 🔺 Shinhan Bank Completes Pilot Phase As previously reported by Crypto News Flash, this pilot phase is a continuation of Shinhan Bank’s Proof-of-Concept (PoC), which began in 2021 when it partnered with Standard Bank, Africa’s largest bank on stablecoin international remittances. The PoC is compatible with Ethereum Virtual Machine (EVM), which means that any EVM-based stablecoin issuers can use the framework. Issuers benefit from the high scalability of Hedera Token Service at 10,000 TPS and EVM’s increased programmability, which unlocks unmatched stablecoin flexibility and power. In a test environment that matches current production capabilities, the pilot accomplished real-time settlement and real-time foreign exchange (FX) rate integration for KRW, Thai Baht (THB), and New Taiwan dollar (NTD). Throughout this pilot, Shinhan Bank collaborated with multiple corporations including SCB TechX, a digital technology-focused subsidiary of the SCBX Group. 🔺 Hedera’s Focus on Asia Market Asia has become a key focus area for The HBAR Foundation. The symbiotic relationship between businesses and consumers in Asia may be the reason why Web3 adoption is interdisciplinary, with Non-Fungible Tokens (NFTs) and gaming standing out. In addition to this, there is clear institutional interest and participation. Shinhan Bank is one of many financial institutions exploring RWA solutions on Hedera in Asia. Hedera network has formed partnerships with Nomura Bank and DBS Bank. Meanwhile, HBAR, the native digital asset of Hedera recently saw its price spike and subsequent plummet due to a misunderstanding involving BlackRock, as highlighted in a Crypto News Flash YouTube video. The excitement began when blockchain startups Archax and Ownera tokenized shares of BlackRock’s ICS US Treasury Money Market Fund on the Hedera platform. However, BlackRock quickly refuted the news, stating that it had no direct role in the tokenization process. $HBAR #HBAR #HEDERA

🤝 Hedera shakes up finance: Shinhan Bank launches KRW on the blockchain for seamless transactions

🔺 Shinhan Bank Completes Pilot Phase

As previously reported by Crypto News Flash, this pilot phase is a continuation of Shinhan Bank’s Proof-of-Concept (PoC), which began in 2021 when it partnered with Standard Bank, Africa’s largest bank on stablecoin international remittances.

The PoC is compatible with Ethereum Virtual Machine (EVM), which means that any EVM-based stablecoin issuers can use the framework. Issuers benefit from the high scalability of Hedera Token Service at 10,000 TPS and EVM’s increased programmability, which unlocks unmatched stablecoin flexibility and power.

In a test environment that matches current production capabilities, the pilot accomplished real-time settlement and real-time foreign exchange (FX) rate integration for KRW, Thai Baht (THB), and New Taiwan dollar (NTD). Throughout this pilot, Shinhan Bank collaborated with multiple corporations including SCB TechX, a digital technology-focused subsidiary of the SCBX Group.

🔺 Hedera’s Focus on Asia Market

Asia has become a key focus area for The HBAR Foundation. The symbiotic relationship between businesses and consumers in Asia may be the reason why Web3 adoption is interdisciplinary, with Non-Fungible Tokens (NFTs) and gaming standing out. In addition to this, there is clear institutional interest and participation.

Shinhan Bank is one of many financial institutions exploring RWA solutions on Hedera in Asia. Hedera network has formed partnerships with Nomura Bank and DBS Bank.

Meanwhile, HBAR, the native digital asset of Hedera recently saw its price spike and subsequent plummet due to a misunderstanding involving BlackRock, as highlighted in a Crypto News Flash YouTube video.

The excitement began when blockchain startups Archax and Ownera tokenized shares of BlackRock’s ICS US Treasury Money Market Fund on the Hedera platform. However, BlackRock quickly refuted the news, stating that it had no direct role in the tokenization process.

$HBAR #HBAR #HEDERA

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⭐️ Polkadot To Sponsor Messi’s Inter Miami: DOT To The Moon? ⚽️ Polkadot To Sponsor Inter Miami The proposal, approved by Polkadot’s Open Gov community, sought 968,000 DOT (roughly $6.5 million) to secure the sponsorship. Under the “sports sponsorship fund,” the goal was to partner with Inter Miami, a team described as one of the “world’s most engaging and followed sports teams.” While the goal is to “elevate” Polkadot’s global brand visibility, the plan is to develop other deeper integration, leveraging Inter Miami’s global fanbase. For instance, the team plans to enhance user experience through engaging non-fungible tokens (NFTs) and other gamified experiences deployed on Polkadot’s parachains. Additionally, the team plans to explore how Polkadot-based solutions can be implemented at Inter Miami, resulting in greater efficiency and improved fan engagement initiatives. While the potential deal’s specifics are confidential, the proposal emphasizes transparency. Accordingly, funds will be held in a multi-signature wallet, accessible only with community approval. Moreover, ORSEN SA, a Swiss sports marketing agency, will manage the partnership rights. 🔺 Polkadot’s Plans to Scale As Polkadot enhances its global visibility, developers are also working on activating a key update: “Asynchronous Backing.” Last year, Sophia Gold, the Engineering Lead at Parity Technologies, said the technology would be a game changer. Asynchronous Backing will allow Polkadot to scale the number of Parachains from 100 to 1,000 by the end of the year. The network will boost its transaction processing capacity, with Polkadot supporting more “independent blockchains” via Parachains. Though Polkadot continues to enhance its network and strike more deals, DOT prices remain under pressure. At spot rates, DOT is down 40% from 2024 highs. While CoinMarketCap data shows that the coin has risen 14% in the last week, the failure of bulls to break above $7.5 is a concern. $DOT #DOT #Polkadot #Messi
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📣 Ripple vs SEC Final Judgement Soon : SEC Files Redacted Remedies Reply Brief The Securities and Exchange Commission (SEC) has submitted its redacted remedies reply brief along with supporting exhibits, setting the stage for a potentially landmark ruling. As the legal battle heats up, all eyes are on the impending final judgment that could reshape things for Ripple and similar entities in the cryptocurrency sector. 🔺 Ripple’s Legal Woes: A Closer Look The core of the SEC’s argument hinges on whether Ripple’s past actions are likely to recur. Citing previous court decisions, the SEC underscores the ongoing risk posed by Ripple’s business operations, which continue to involve unregistered sales of its XRP token. Since 2013, Ripple’s primary business has revolved around these sales, and the company has plans to issue a new unregistered crypto asset, which further complicates its legal standing. Ripple’s history of major unregistered dealings, including its Over-the-Counter (OTC) Institutional Sales up to 2020, has been clearly documented in court filings. Despite no new violations post-2020, the nature of Ripple’s activities makes future infractions a distinct possibility, warranting the need for an injunction to prevent recurrence. 🔺 Debating the Merits of an Injunction The SEC’s filing meticulously addresses Ripple’s counterarguments. Ripple claims it has not acted recklessly and cites the “widespread uncertainty” about the legal status of XRP as a defense. However, the court has previously dismissed this “fair notice” defense, and similar defenses have failed in other related cases against firms like Coinbase. Ripple also attempted to downplay its liability by highlighting its voluntary cooperation with the SEC since 2013. Nevertheless, the SEC argues that such cooperation does not negate the need for injunctive relief, as past behavior, including defiance of legal advice against selling XRP as an investment, indicates a pattern of disregard for regulatory compliance. $XRP #XRP #SEC
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🐳 Are the whales ready to crash the market again? While traders are drawing charts and trying to guess where BTC will go, big players have already decided everything for them ! 🧾 This is why you need to follow the “TopCryptoNews” channel . The author of which analyzes the actions of whales around the clock and warns about any activity in advance ! $BTC #BTC #Market
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📉 Bitcoin Price Dips Again, Is This A Fresh Bearish Signal? Bitcoin started a fresh downside correction and traded below $63,500.The price is trading below $63,350 and the 100 hourly Simple moving average.There was a break below a major bullish trend line with support at $63,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could extend losses and revisit the $60,000 support zone in the near term. 🔺 Bitcoin Price Rejects $65,500 Bitcoin price extended its increase above the $64,500 level. However, BTC struggled to clear the $65,500 resistance zone. A high was formed at $65,550 and the price is now correcting gains. There was a move below the $64,000 level. The price declined below the 23.6% Fib retracement level of the upward wave from the $56,380 swing low to the $65,550 high. Besides, there was a break below a major bullish trend line with support at $63,700 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $63,500 and the 100 hourly Simple moving average. Immediate resistance is near the $63,350 level. The first major resistance could be $64,000. The next key resistance could be $65,000. The main hurdle is now at $65,500. A clear move above the $65,500 resistance might send the price higher. The next resistance now sits at $66,650. If there is a close above the $66,650 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $68,000. 🔺 More Losses In BTC? If Bitcoin fails to climb above the $63,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $62,000 level. The first major support is $61,000 or the 50% Fib retracement level of the upward wave from the $56,380 swing low to the $65,550 high. If there is a close below $61,000, the price could start to drop toward $60,000. Any more losses might send the price toward the $58,000 support zone in the near term. $BTC #BTC #Bitcoin
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📣 Dogecoin (DOGE) Founder Unveils Major Update: A New Chapter in DOGE’s Crypto Journey 🔸 Dogecoin’s creator, Billy Markus, reiterates his detachment from the meme cryptocurrency’s current trajectory, despite speculation of a “big announcement”. 🔸 Despite Markus’ disengagement, Dogecoin’s value has surged by 4.5% in recent days, sparking speculation about potential catalysts for its bullish momentum. 🔸 Theories range from Tesla’s rumored integration of Dogecoin as a payment option to the possibility of its adoption within Elon Musk’s ventures. Amid speculation of a “big announcement”, Dogecoin’s creator, Billy Markus, reaffirms his detachment from the project. Meanwhile, the meme cryptocurrency’s value surges, sparking theories about potential catalysts. 🔺 Dogecoin Creator Distances Himself from Project Billy Markus, also known as Shibetoshi Nakamoto, the enigmatic creator of Dogecoin, has once again distanced himself from the popular meme cryptocurrency. Despite swirling speculation on social media about an impending “big announcement” for DOGE, Markus swiftly doused any hopes, affirming his detachment...  🔺 Dogecoin (DOGE) Price Outlook Meanwhile, Dogecoin’s price has been on a notable upswing, injecting further intrigue into the speculative atmosphere surrounding the cryptocurrency. In a surprising turn of events, DOGE’s value surged by 4.5% in the past several days, reaching a peak of $0.16832. This surge marks a staggering 30% increase since last Thursday, catapulting Dogecoin from its recent low of $0.124. The implications of Dogecoin’s price surge are currently under scrutiny, with speculation abounding regarding potential catalysts for its bullish momentum. Theories range from Tesla’s rumored integration of Dogecoin as a payment option to the possibility of its adoption within Elon Musk’s ventures. $DOGE #DOGE
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