If you squint your eyes, you might notice similarities between Do Kwon's bitcoin purchases during Terra/Luna's peak periods.
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News
On Monday, meme coin traders enthusiastically invested in various pizza-related tokens, but the anniversary of the first bitcoin purchase was overshadowed by rug pulls that dampened the mood.
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Cathie Wood also alluded to the significant downfall of the crypto exchange FTX last year, stating that it effectively 'proved the concept' of bitcoin.
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The project additionally introduced its new PLEX client, designed to alleviate the demands of computationally intensive tasks involving scientific data.
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Market
The bank anticipates a continued lack of activity in digital asset trading, as retail investors choose to stay out of the market.
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The SFC's guidelines explicitly forbid the distribution of crypto 'gifts' intended to encourage retail investments, which may encompass airdrops. Additionally, the guidelines state that stablecoins should not be allowed for retail trading until they undergo regulatory oversight.
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