Web3🌕Monday Buzz: Bitcoin’s Supply Gap, Solana Futures, and South Korea’s Crypto Stance

The Web3 space is buzzing with major developments as the crypto market navigates key regulatory and trading shifts. South Korea’s central bank has ruled out Bitcoin as a reserve asset, signaling cautious institutional adoption. Meanwhile, OKX has suspended its DEX aggregator to curb misuse linked to the Lazarus Group, highlighting ongoing security concerns. On the trading front, FalconX has executed the first-ever block trade for CME Solana futures, marking a milestone ahead of its official launch. With Bitcoin facing a critical supply gap between $70K and $80K, investors are closely watching market trends for the next big move.

1. S. Korea’s central bank rejects Bitcoin as a reserve asset

South Korea’s central bank has ruled out Bitcoin as a reserve asset, citing its high volatility and regulatory concerns. The decision reflects the country’s cautious stance on cryptocurrency adoption in traditional finance. While digital assets continue to gain traction globally, the Bank of Korea remains skeptical about their stability and long-term viability as part of national reserves. This move aligns with regulatory efforts to control crypto-related risks while maintaining financial stability. As central banks worldwide explore digital currencies, South Korea’s stance highlights the ongoing debate over Bitcoin’s role in mainstream financial systems and its potential as a reserve asset.

South Korea Central Bank Rules Out Bitcoin as Reserve Asset - Decrypt

The Bank of Korea said that Bitcoin does not meet the International Monetary Fund’s criteria for foreign exchange reserves.

DecryptVismaya V

2. OKX halts DEX aggregator over Lazarus misuse

OKX has suspended its DEX aggregator to prevent further misuse by North Korea’s Lazarus Group, a cybercriminal organization linked to major crypto hacks. The decision reflects growing concerns over illicit activities in decentralized finance, as regulators and exchanges tighten security measures to combat money laundering and cyber threats. By pausing access to its aggregator, OKX aims to enhance monitoring and compliance, ensuring a safer trading environment. As the crypto industry faces increasing scrutiny, this move underscores the ongoing battle against malicious actors exploiting blockchain technology for illicit financial activities, reinforcing the need for stronger security and regulatory frameworks.

OKX suspends DEX aggregator to stop ‘further misuse’ by Lazarus

The OKX crypto exchange announced a temporary suspension of its Web3 DEX aggregator while it beefs up security following the Bybit hack.

CointelegraphMartin Young

3. FalconX executes first CME Solana futures trade

FalconX has executed the first-ever block trade for CME Solana futures in partnership with StoneX, signaling a major step in institutional crypto adoption. This milestone comes ahead of the official launch of Solana futures on CME, highlighting growing demand for regulated digital asset derivatives. As institutional investors seek exposure to crypto through traditional financial products, FalconX’s move underscores the increasing integration of blockchain assets into mainstream markets. With Solana’s rising prominence, this development could further bridge the gap between decentralized finance and traditional trading, paving the way for broader adoption of crypto derivatives in institutional portfolios.

FalconX Executes First-Ever Block Trade for CME Solana Futures with StoneX Ahead of Launch

FalconX has executed the first-ever block trade for CME Group’s Solana futures, with financial services firm StoneX acting as the counterparty.

CryptonewsRuholamin Haqshanas

4. Bitcoin’s $70K–$80K supply gap

Bitcoin faces a significant supply gap between $70,000 and $80,000, creating a potential liquidity squeeze that could drive price volatility. As demand surges and available supply remains limited, traders anticipate sharp price movements in the near future. Analysts suggest that a lack of resistance within this range could push Bitcoin toward new highs, while market uncertainty keeps investors on edge. With institutional interest growing and the halving event approaching, Bitcoin’s price dynamics continue to evolve. This supply imbalance highlights the ongoing battle between demand and availability, shaping the next phase of Bitcoin’s market trajectory in the months ahead.

Bitcoin Faces Massive ‘Supply Gap’ Between $70K and $80K

According to Glassnode data, approximately 20% of Bitcoin’s supply is currently at a loss.

CoinDeskJames Van Straten

As Web3 continues to evolve, regulatory shifts, security challenges, and market trends shape the future of digital assets. South Korea’s stance on Bitcoin, OKX’s proactive security measures, and FalconX’s pioneering Solana futures trade all highlight the dynamic nature of the crypto landscape. With Bitcoin’s supply gap creating uncertainty, investors remain on edge, watching for the next big price movement. As innovation and regulation collide, staying informed is key to navigating this fast-changing ecosystem. Keep following for more insights on the latest Web3 developments shaping the digital economy.

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