In the past 24 hours, the following five important news have emerged in the crypto market that are worthy of attention:

1. Gemini reaches settlement with New York Attorney General:

Cryptocurrency exchange Gemini has reached a settlement with the New York Attorney General and agreed to pay $50 million, which has a positive impact on the platform’s legality and market confidence.​​​​

2. South Korea announced a $14.5 million blockchain support plan:

The South Korean government has announced a $14.5 million blockchain support program aimed at promoting the development and application of blockchain technology, which will help drive the country’s cryptocurrency market.

3. Terraform Labs reaches a $4.5 billion settlement with the SEC:

Terraform Labs reached a $4.5 billion settlement with the U.S. Securities and Exchange Commission (SEC) and plans to shut down some projects and give control of the Terra blockchain to the community.

4.Tether launches Alloy, a gold-backed stablecoin:

Tether has launched Alloy, a new gold-backed synthetic U.S. dollar stablecoin, its first step towards a platform for tokenizing real-world assets, showing the company’s expansion plans in the stablecoin market.

5.Cumberland obtains New York BitLicense:

Crypto trading company Cumberland has received a BitLicense from the New York State Department of Financial Services, which enables it to provide crypto-related products and services in the state.