South Korea ordered domestic access to popular prediction market Polymarket blocked, becoming the latest of more than 30 jurisdictions to restrict the platform over gambling concerns.

The Korea Media and Communications Standards Commission approved the move after finding that Polymarket facilitates gambling and the operation of gambling venues under the country’s Criminal Act along with similar categories under the National Sports Promotion Act, according to local reports.

Polymarket lets users trade yes-or-no contracts tied to the outcomes of real-world events including elections, sports, economic data and the weather. It’s one of the largest prediction markets along with Kalshi.

The commission said that these markets’ structure encourages speculative behavior because users’ gains and losses depend on events beyond their control.

Polymarket, according to local media, said that it had removed Korean-language services, does not support payments in the country’s won fiat currency, and uses non-custodial peer-to-peer transactions and smart contracts.

The company did not immediately respond to CoinDesk’s request for further comment.

The regulator rejected the defense, saying Polymarket’s operator still manages market creation and trading rules while providing crypto deposit, withdrawal and settlement systems and charging fees.

Key takeaways

• Zcash dipped 1% on Tuesday following Monday’s rally. day, 
• The Ironwood shielded pool now holds 3.07 million ZEC, representing 70% of total shielded volume.
• ZEC is approaching the apex of a symmetrical triangle, with resistance near $528.

Zcash (ZEC) dipped 1% on Tuesday despite the massive rally on Monday. The surge earlier this week comes as rising Ironwood adoption and stronger derivatives activity supported demand.

The privacy coin trades above $500 and is approaching the apex of a symmetrical triangle pattern. A breakout above the upper trendline could strengthen the bullish outlook and bring the $600 region into focus.

Ironwood shielded volume crosses 3 million ZEC

Migration to Zcash’s Ironwood shielded pool continues to gain traction following the discovery of a counterfeiting vulnerability affecting the network’s older pool infrastructure.

Data from Zkp.baby shows that Ironwood’s shielded volume reached 3.07 million ZEC on Monday. The pool now accounts for approximately 70% of the total ZEC held in shielded pools.

Meanwhile, volume in the older Orchard pool has declined to 761,889 ZEC as users continue migrating their holdings.

The shift toward Ironwood indicates growing adoption of the updated shielded infrastructure. It also suggests that users are responding to the network’s security changes while maintaining demand for Zcash’s privacy features.

Zcash’s derivatives market is also showing renewed retail participation. CoinGlass data shows that ZEC futures Open Interest decreased 1% over the past 24 hours to $924.16 million. The decrease signals that traders are closing new positions or allocating more capital to existing contracts.

Zcash price outlook: ZEC approaches triangle breakout

Zcash trades above $500 on Tuesday, maintaining a mildly bullish technical outlook as it holds above the 50-day Exponential Moving Average at approximately $490.

The 200-day EMA near $420 also supports the broader bullish structure. Meanwhile, the price is contracting between two converging trendlines, forming a symmetrical triangle on the daily chart.

This pattern typically indicates declining volatility before a larger directional move. However, the triangle does not confirm whether the eventual breakout will be bullish or bearish.

Momentum indicators provide mixed but improving signals. The Relative Strength Index has risen above its neutral level to 55, suggesting renewed buying pressure.

The Moving Average Convergence Divergence indicator remains marginally below its signal line, pointing to some lingering downside pressure. A bullish crossover would provide additional confirmation that buyers are regaining control.

Zcash faces immediate resistance at the triangle’s upper trendline near $528. A sustained daily close above this level would confirm a bullish breakout and could propel ZEC toward the 78.6% Fibonacci retracement at approximately $595. This level is calculated from the decline between $690 and $250.

Clearing $595 would bring the psychologically important $600 level into focus and strengthen the prospect of a broader trend continuation.

On the downside, the 50-day EMA near $490 provides initial support. A breakdown below this moving average could extend the correction toward the 50% Fibonacci retracement at $470.

If selling pressure intensifies, the 200-day EMA at approximately $420 represents the next major support level. Holding above these moving averages would preserve Zcash’s broader recovery structure.

The takeaway is that even as oil prices retreat from their second-quarter highs, oil products are getting more expensive. The broader market, including BTC, may not have fully priced that in yet.

A second detail is that oil itself may be due for a bounce. Crude has emerged from a four-month-long bearish trend (check the Daily Signal), and there’s still disruption of tanker traffic through the Strait of Hormuz.

Those two effects, combined with concerns about government debt levels, continue to push yields on U.S. Treasuries and other advanced-economy bonds higher. That raises the opportunity cost of holding other assets and may cap bitcoin’s gains, a dynamic CoinDesk recently flagged.

One factor is still working in bitcoin’s favor, at least for now: the U.S. currency. The Dollar Index fell to a two-and-a-half-month low of 99.29 on Monday and broke down out of a bullish trendline, a technical signal pointing to further losses ahead. A weaker dollar has historically been a supportive backdrop for bitcoin.

Taken together, it’s a genuinely mixed tape that leaves bitcoin trading in the middle of several narratives pulling in opposite directions. Stay alert!

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”

In an interview with crypto.news, Selva Ozelli speaks with TEXITcoin founder Richard W. Wisher about the Proof-of-Work network, its Texas mining operations and how merge mining allows TXC to be mined alongside Litecoin and Dogecoin.

The discussion also covers regulation and the Texas State Securities Board case against TEXITcoin, MineTXC, Blockchain Mint and Wisher. The founder disputes the regulator’s allegations and argues that mining a Proof-of-Work commodity does not constitute a securities offering.

Tell us about your journey to establishing TEXITcoin (TXC)

I began minting coins in 2008, the same year Satoshi introduced Bitcoin. My goal was to provide money that no government can print. While gold and silver served this purpose for centuries, I wanted to bring that same security to the digital age. In 2012, I even testified before Congress to advocate for these alternative currencies. By 2017, I started laser-etching private keys onto physical coins to bridge the gap between digital assets and tangible wealth. This journey led to TEXITcoin. We built it as a Texas-rooted, Proof-of-Work network with no pre-mine and no special favors for the team. Honest money isn’t a slogan, it’s just money that has to be earned the same way for everybody who touches it, and that is the only kind of money I have ever wanted to build.

Which platforms does TXC trade on?

TXC trades on MEXC, XT.COM, BitMart, and Pionex, with wrapped TXC also available on Ethereum. We’re in discussions with a number of other exchanges right now, so this list is likely to change and grow as new partnerships come together.

Why does Texas rank at the top for crypto mining?

Texas offers a competitive energy market and a massive network of wind and solar power. You will find plenty of land here and a state government that welcomes your business. This environment allows us to build real, physical infrastructure. We mine TXC in the open, using verifiable hardware and actual electricity. Plus, you can power down quickly when the grid is busy, which helps everyone.

Of course, the process is not always easy. Miners face long waits to connect to the grid and unpredictable power prices. You will also deal with transmission limits and more oversight from officials. Despite these hurdles, Texas remains the strongest place to build.

TXC is described as using multi-level marketing to sell mining packages. What are the challenges and growth concerns for crypto mining in Texas?

TEXITcoin is a Layer 1 crypto network, meaning it operates as its own currency, much like Bitcoin. We crowdsourced our mining infrastructure, which fostered a community where people actively participate rather than just watch from the sidelines. If you value collaboration and building real connections, this project is for you. We have created something fundamentally different from traditional network marketing and the scams common in the space.

However, scaling in Texas comes with real challenges. Companies must navigate long grid wait times, volatile power prices, and high startup costs. We also address complex factors like curtailment economics, local noise concerns, and the need for complete transparency when offering products to the public. We are building a sustainable model that accounts for these realities head-on.

How does TXC rank among major crypto-mining companies operating large facilities across Texas?

Comparing TXC to public Bitcoin-mining companies is misleading. We are a Layer 1 network, not a massive mining corporation. We operate on a different scale, so measuring us by megawatts or market cap ignores our true purpose.

We focus on building real infrastructure. We recently invested $5.5 million to expand our mining sites in McKinney, Mansfield, and Conroe. That money bought hardware that performs actual work rather than chasing a leaderboard. I have no interest in claiming a rank that we have not earned. My priority is the growth, security, and utility of the TXC network. That is the only scoreboard that matters.

How do TXC merge mining and energy use work?

TXC uses Scrypt, just like Litecoin and Dogecoin. Because they share the same algorithm, one machine can secure all three networks at the same time. This is called merge mining. It is highly efficient because you do not waste computing power on redundant tasks.

However, it is important to be clear that merge mining does not make mining free. Your machines still consume real electricity. You must manage them carefully to stay profitable. Merge mining simply makes every watt of energy go further rather than make the energy costs disappear.

How is merge mining regulated at state and federal level?

Merge mining does not trigger its own specific set of regulations. Regulators are less worried about the technical labels you use, but instead are focused on your actual activities. You must still follow the rules that apply to any business. This includes things like local environmental permits, electricity market standards, and building codes. If your operations involve financial products or transactions, you must also comply with anti-money laundering, consumer protection, and other applicable laws. Ultimately, authorities judge you by what you do, not by the technology you choose to use.

How is merge mining taxed at federal and state level?

Federal law views mined digital assets as taxable income. You must report their value the moment they become usable. If you sell these assets later, any change in price results in a separate capital gain or loss.

If, like us, you mine as a business, you face additional self-employment or corporate taxes. Texas offers an advantage by having no state income tax, but your business is not exempt from other costs. You must still pay franchise, sales, property, and local taxes. Additionally, the IRS taxes rewards from every network you secure, regardless of your mining efficiency. Because tax laws are complex, please consult a professional regarding your specific business needs.

How could the Texas PUC v. Attorney General public-records case affect the mining industry?

This legal case is not about mining regulations. It is about whether the state must release private data on facility locations and power use. People often confuse these two issues, but they are separate.

If the court chooses confidentiality, it protects mining companies from security risks. This is the position held by the Public Utility Commission. However, if the court mandates disclosure, the public gains vital clarity about the demands these companies place on the Texas power grid.

It is important to note that this case does not excuse companies from complying with the rules. They must still report their data to regulators. The core disagreement is simply about who has the right to see that data. This decision is one small part of a larger debate about how Texas manages its energy grid and the public’s right to know how its power is being used.

How did the Texas Blockchain Council/EIA survey case affect the mining industry?

The 2024 EIA case demonstrates that agencies must follow the law when collecting data. The agency tried to force Bitcoin miners to complete an emergency survey without using the standard notice and comment process. A federal court stopped them with a restraining order, ultimately forcing the EIA to delete the data they had already collected.

That’s the real lesson here, government agencies cannot bypass rules to demand private information. They must follow the Paperwork Reduction Act and allow for public feedback. This decision does not mean the EIA cannot request energy data in the future. It also does not excuse miners from standard reporting requirements. Instead, it ensures that agencies follow the law instead of taking shortcuts.

TXC is a fork of Litecoin, which is a fork of Bitcoin. How does that affect TXC’s classification under Texas securities law and the SEC/CFTC interpretation issued March 17, 2026?

This is the regulatory clarity we have been waiting for. On March 17, the SEC and CFTC officially classified Litecoin as a commodity. TXC uses the exact same Proof-of-Work structure, issuance logic, and mechanics as Litecoin. The only difference is that TXC is built and mined in Texas. 

Regulators have now confirmed that protocol mining does not turn an asset into a security. Miners contribute their own computing power, which is an administrative task rather than reliance on someone else’s management. Because TXC is a permissionless network built on this established foundation, its status as a commodity is clear. Our structure matches the model that regulators just validated, proving that TXC is a commodity from the ground up.

Tell us about the TSSB case, your counterarguments and its possible industry impact.

In February 2026, the Texas State Securities Board issued an order against TEXITcoin, MineTXC, Blockchain Mint, and me. They allege that we offered unregistered investments and made misleading statements. It is important to remember that these are unproven allegations, not facts determined by a hearing.

We retained Quinn Emanuel to represent us. We have requested a formal hearing to present our defense through the proper legal channels instead of the press.

Our position remains that we believe mining a Proof-of-Work commodity is not a security. Furthermore, our mining activity and equipment are real and fully verifiable. We look forward to proving this during the legal process. Because this case is ongoing, I will not speculate on the outcome or its impact on the industry. I prefer to let the facts of the legal record speak for themselves.

Can state regulators act independently even where a token is not treated as a security federally?

States do have their own security laws and regulators. Federal rules do not automatically replace them. However, these systems are deeply connected. Texas uses the same “Howey test” as the SEC and CFTC to define a security. When federal regulators decide an asset is not a security, that logic remains relevant at the state level. It does not simply disappear at the state border.

States should certainly protect consumers and stop fraud under their own authority. But that is different from labeling a legitimate Proof-of-Work asset a “security” just because it crossed a state line.

What are your views on the CLARITY Act and promises of daily passive mining returns?

The CLARITY Act is essential for fixing market structure. It draws clear lines between the SEC and the CFTC so builders know exactly which regulator oversees their work. This transparency rewards those who follow the rules. 

In regard to the timeline, the process remains lengthy. We face a cloture vote on September 15, which requires 60 votes just to begin debate. After that, we have to navigate floor debates, amendments, and a final vote. Anyone suggesting this bill is already law is jumping to conclusions. I prefer to be honest about our progress rather than promise a result that is not yet guaranteed.

Anything else you would like to add?

Just that I’m excited for what’s ahead. We’re building real momentum right now, we’re investing in expanding our mining network, we’re pushing crypto payment adoption forward across Texas, and every day we get to bring the idea of honest money to more people who’ve never really had it explained to them properly before. That’s the work, and I’m genuinely excited to keep doing it.

How can people reach you?

You can visit our website at Texitcoin.org and keep up to date with everything we’re doing on X https://x.com/TEXITcoin.

About the Author:
Selva Ozelli Esq, CPA, is an international digital asset legal expert and author of Sustainably Investing in Digital Assets Globally and an award winning artist.  Her writings are translated into 45 languages and republished in over 200 global publications.  She is recognized as an expert media/TV commentator on global AI,  digital asset regulation, tax, and technology matters.

The Aussie enters this week with genuine hawkish backing. RBA Assistant Governor Christopher Kent reaffirmed that tighter policy is working as intended, with markets now pricing roughly a 70% chance of one final hike to 4.60% by early next year, even as inflation eased below forecasts last quarter. That combination of commodity strength, gold, iron ore and LNG all running above forecast, and a still-hawkish central bank has kept AUD broadly supported near multi-week highs, with all eyes now on Thursday’s July employment report.

The loonie tells an even stronger story. Canada’s economy expanded at a blistering 3.4% annualised pace in Q2, well above the Bank of Canada’s own 2.5% forecast, while July employment surged by 75,100 jobs against expectations of just 15,000, pulling unemployment down to a two-year low of 6.4%. That combination of surprising growth and labour market strength has fuelled speculation the BoC could hike if elevated energy prices persist, giving CAD real independent momentum of its own.

The result: two resource-linked currencies both riding genuinely hawkish narratives, leaving AUD/CAD’s next move to hinge on which central bank blinks first.

Technical Analysis of AUD/CAD

As the chart shows, AUD/CAD has been compressing into a symmetrical triangle since early August, with a descending trendline from the 0.9926 high converging with an ascending trendline off the 0.9748 low, both meeting right around current price near 0.9847, exactly where the 100-period EMA also sits.

Bullish Scenario

Should buyers break above the descending trendline and the 0.382 retracement near 0.9858, the path would open towards the 0 level at 0.9926, a confirmed breakout that would suggest genuine momentum returning to the pair.

Bearish Scenario

Conversely, a break below the ascending trendline and the 0.5 retracement near 0.9837 would expose the 0.618 level near 0.9816, with a deeper slide risking a retest of the 0.786 retracement around 0.9786, or even the 0.9748 low that anchored this entire structure.With price coiled right at the apex of this triangle, sitting exactly on the 100-period EMA, AUD/CAD looks primed for a decisive break, will the Aussie’s hawkish backing prove enough, or does the loonie’s stronger data ultimately win out?

Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips (additional fees may apply). Open your FXOpen account now or learn more about trading forex with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

As a writer, a university professor, artist, and designer, I worry about the risk that generative AI might destroy the delightful, human experience of carrying out acts of creation, not to mention making careers in the pursuit of that creativity unviable. Whether or not AI will improve work or destroy jobs, it already distances people from some of the moment-to-moment acts that might have felt gratifying just a few years ago. If AI can write your emails, then you don’t need to feel the click of keys under your fingertips or hear the clack they produce when you type with them. If AI can generate a gift list for the holidays or a vacation plan for Spring Break, then you don’t need to swipe through catalogs or thumb through guidebooks. In this way, AI can amplify the same dematerializing effects of technology people have encountered for years.

But that’s not the whole story. As critical of AI as I sometimes am, I have also found that AI can direct people back toward the physical world and the gratifying feelings it offers. LLMs can be quite adept at helping people figure out how to plan and carry out real-world tasks, such as fixing a plumbing leak, repairing a car, or learning a new hobby.