Singapore's Gambling Regulator Blocks Polymarket Over 'Illegal Gambling' Activities

In late 2023, leaders of major crypto companies like Coinbase, Ripple, and Andreessen Horowitz decided to form a crypto super PAC to influence American politics. By donating millions, they aimed to protect the industry from regulatory threats and gain political support.

The core consumer price index rose 0.3% last month, meeting analysts' expectations. Experts predict a potential interest rate cut by the Federal Reserve next month due to controlled inflation. Amid the relatively positive economic news, Bitcoin bounced back above $100,000 after a Tuesday plunge, with altcoins like XRP, Dogecoin, and Solana all showing sizable gains alongside.

MicroStrategy, led by Michael Saylor, has been accumulating Bitcoin, with over 402,100 Bitcoins worth $40 billion. Despite the Bitcoin focus, the company's core business involves data analytics software for various industries like hospitality and retail.

Ray Dalio, billionaire hedge fund manager, warns of an impending debt crisis in major economies due to unsustainable debt levels in the U.S. and China. He advocates for investing in "hard money" assets like Bitcoin and gold as safer alternatives to bonds and debt, emphasizing the need to consider broader global forces.

Italy plans to reduce the proposed tax hike on crypto capital gains from 42% to 26% following parliamentary discussions. Lawmakers Giulio Centemero and Federico Freni confirmed the adjustment, citing the growing popularity of crypto investments, particularly bitcoin.

The $45 billion Terra crash of 2022, involving TerraUSD and LUNA, will be depicted in a new South Korean independent movie called "Crypto Man." The film is inspired by the story of Terraform Labs and its founder, Do Kwon, who faced legal troubles after the collapse.

Binance and Circle announced a partnership to promote the USDC stablecoin, aiming to enhance the global digital assets and financial services ecosystem. Binance will integrate USDC for trading, saving, and payments, while Circle will provide technology and liquidity support.

XRP saw a 7% surge after Ripple Labs announced regulatory approval to offer the RLUSD stablecoin in the U.S. XRP whales deposited a significant amount on exchanges, indicating potential market shifts. The upcoming U.S. inflation data release may impact crypto markets.

Coincheck Group, the Dutch parent company of Japan's top crypto exchange, has made its public debut on the Nasdaq Global Market, following a $1.3 billion merger with Thunder Bridge Capital. This move positions Coincheck as the first Japanese exchange to be listed on a U.S. trading venue.

South Korea's declaration of martial law has halted crypto sector reforms, including legalizing STOs and real-name corporate crypto accounts, until next year. The National Assembly's focus on impeachment proceedings and budget has indefinitely postponed all crypto-related legislative initiatives.