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South Korea targets finfluencers with strict asset disclosure law

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South Korea targets finfluencers with strict asset disclosure law

South Korea plans finfluencer disclosure law to curb manipulation and protect investors.

Summary

  • Bill amends Capital Markets and Virtual Asset User Protection Acts to cover stocks and crypto promotions.
  • Influencers must disclose asset types, quantities, and any paid compensation tied to recommendations.
  • Violations face penalties similar to unfair trading, including fines and criminal liability, alongside new AI-based market surveillance.

South Korea’s Democratic Party has introduced legislation requiring financial influencers to disclose personal asset holdings and compensation when recommending cryptocurrencies or stocks, according to reports from the country’s legislative assembly.

The proposal, led by lawmaker Kim Seung-won, includes amendments to the Capital Markets Act and the Virtual Asset User Protection Act. The draft framework would mandate that influencers disclose the type and quantity of assets held when promoting specific tokens or stocks through social media, livestreams, or broadcast channels, according to the legislative text.

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Influencers would also be required to reveal any compensation received in exchange for recommendations. Violations would carry penalties similar to those applied in unfair trading practice cases, including fines and potential criminal liability, the proposal states.

The legislation aims to prevent undisclosed promotional activity that can lead to pump-and-dump schemes, where influencers promote assets before selling into price increases, according to the Democratic Party’s statement. The measures seek to reduce market manipulation risks and improve investor protection through mandatory transparency around holdings and financial incentives.

The proposal follows broader regulatory expansion in South Korea throughout 2026. The Financial Supervisory Service has deployed AI-based monitoring tools designed to detect abnormal trading patterns and market manipulation in real time, according to the agency.

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Additional measures introduced this year include new reporting requirements for foreign property investors, who must now disclose cryptocurrency transaction histories in certain cases, regulatory filings show.

South Korea maintains one of the world’s most active retail cryptocurrency markets. The legislation, if passed, would represent one of the most direct regulatory actions globally targeting social media-driven financial promotion in the digital asset sector, according to regulatory analysts.

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Scroll Users Paid $50K in Excess Fees After Team Cranked L1 Fees by 1,280x

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Scroll Users Paid $50K in Excess Fees After Team Cranked L1 Fees by 1,280x

The Ethereum Layer 2 network raised its L1 data cost scalars 1,280x over six days before rolling them back yesterday.

Users on Scroll, an Ethereum Layer 2 (L2) network, paid more than $50,000 in excess transaction fees over roughly four days after the team behind the project repeatedly raised the parameters that determine how much users pay for posting data to Ethereum, according to an analysis published by L2BEAT.

The overcharges stemmed from six manual increases to two fee multipliers on Scroll’s gas price oracle, the smart contract that calculates the Layer 1 data portion of every transaction’s cost. Each update raised the previous value by 2x to 10x, compounding to 1,280x the original baseline by April 5, L2BEAT said. On April 9, the team slashed both multipliers by 160x.

The baseline cost for all roughly 139,000 affected transactions would have been just $280. Instead, users collectively paid upward of $50,000, with automated bots accounting for the vast majority.

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Scroll has not publicly addressed the findings at the time of writing.

Etherfi Cash bots, which are still running during the protocol’s ongoing migration to Optimism, accounted for roughly $35,000, or 66% of the excess, per L2BEAT. Scroll’s own oracle relayer paid approximately $5,200, with LayerZero, Succinct, and other bots making up the rest.

The issue was first flagged by a pseudonymous developer running a Succinct relayer, who posted on X that their transaction costs had jumped from $0.002 to over $20.

“Scroll was subsidizing L1 DA costs and is now correcting to sustainable pricing?” the developer asked. “And there’s no users on Scroll except us, so we’re paying full price for it?”

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Crypto research firm Kairos Research noted that the fee spike appeared to coincide with etherfi’s migration to Optimism. When etherfi was Scroll’s dominant app, total daily transaction fees from its products averaged about $250. After the multiplier increases began on March 31, that figure jumped to roughly $16,000 per day.

L2BEAT clarified that the overcharges were not a sequencer issue, as the L1 gas prices reported by the oracle were accurate. The entire overcharge came from the multiplier increases, which went through a separate governance path involving the team’s multisig wallet.

The episode raises the question of whether Scroll had been running fees below cost to retain users, a common practice among L2s competing for activity, and abruptly repriced once its largest fee contributor departed.

Scroll’s total value locked (TVL) sits at just $24 million, according to DeFiLlama, down 96% from its peak of $585 millon in October 2024.

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This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

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Hong Kong Advances Digital Finance With First Stablecoin Licences

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Crypto Breaking News

Overview

Hong Kong approved its first stablecoin licences, marking a key step in regulated digital finance development. Authorities selected bank-backed issuers to lead the rollout under strict oversight. The move strengthens the city’s position in global digital asset markets.

HSBC Leads Retail-Focused Stablecoin Rollout

HSBC plans to launch a Hong Kong dollar-pegged stablecoin in the second half of 2026. The token will support payments, transfers, and digital asset services through its mobile platforms. The bank aims to integrate stablecoins into existing retail and merchant ecosystems.

HSBC will enable peer-to-peer transfers and merchant payments using its PayMe and banking applications. The system will also support subscriptions to tokenized investment products within its digital infrastructure. This approach connects traditional banking services with blockchain-based financial tools.

HSBC is exploring stablecoins in other currencies to support cross-border transactions. However, the bank requires alignment with central banks before expanding beyond Hong Kong dollar issuance. This strategy reflects a measured approach to global digital currency integration.

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Anchorpoint Targets Institutional and Phased Expansion

Standard Chartered supports Anchorpoint Financial, a joint venture focused on digital asset infrastructure. The entity includes Animoca Brands and Hong Kong Telecommunications as key partners.

Anchorpoint plans to launch its stablecoin earlier, targeting institutional clients in the initial phase. The firm will later expand access to retail users through selected distributors and partners. This phased rollout allows controlled adoption while building operational experience in regulated markets. The structure also aligns with Hong Kong’s broader financial stability goals.

Anchorpoint focuses on enabling real-world applications such as payments, custody, and trading services. The initiative supports infrastructure development for compliant digital finance operations. It also strengthens collaboration between traditional finance and blockchain firms.

Regulatory Framework Shapes Controlled Market Entry

Hong Kong Monetary Authority introduced the stablecoin regime in August 2025. The framework requires full reserve backing, clear redemption rights, and strict governance standards. Authorities also enforce anti-money laundering measures across all licensed issuers.

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The regulator reviewed 36 applications before selecting the first two licence holders. Officials prioritized strong risk management, compliance capacity, and viable business models. This selective approach ensures stability while allowing innovation within defined limits.

Officials confirmed that only a small number of additional licences may follow. The authority maintains flexibility but intends to limit market entry in early stages. This policy balances innovation with financial system integrity.

Hong Kong aims to position itself as a global hub for regulated digital assets. Stablecoins play a central role in improving payment efficiency and supporting tokenized finance. The first approvals mark the beginning of a structured expansion in the sector.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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XRP Price Prediction Today: Ripple Launches Treasury Tool as Token Breaks $1.35, Should You Enter Pepeto First?

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XRP Price Prediction Today: Ripple Launches Treasury Tool as Token Breaks $1.35, Should You Enter Pepeto First?

XRP price holders who watched the token run from $0.30 to $3.65 without getting in now face a market offering a similar setup. Ripple launched its first native Digital Asset Treasury Management System on April 8, letting businesses manage XRP and fiat in one regulated platform, per CoinMarketCap. XRP ETFs pulled in $3.3 million the same day while Bitcoin and Ether ETFs bled over $220 million combined, according to 24/7 Wall St.

Pepeto is nearing its Binance listing with presale rounds selling out faster than ever, and $8.86 million committed during a Fear Index of 14 shows informed capital is locking positions before listing day.

Ripple’s Treasury System Goes Live as XRP ETFs Buck the Outflow Trend

Ripple’s Treasury Management System went live on April 8, giving companies a single platform to hold XRP and fiat without separate custody, per CoinMarketCap. The tool puts XRP directly into corporate finance workflows for the first time.

XRP ETFs took in $3.3 million on a day when every other major crypto ETF posted losses, according to 24/7 Wall St. The CLARITY Act markup is expected late April, and if it passes, XRP gets a permanent commodity tag that could open billions in fresh ETF demand.

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The XRP Price Prediction Entry Worth Watching Right Now

Pepeto: The Trading Platform the Market Needs While XRP Grinds Sideways

The Binance listing keeps getting closer and presale stages fill faster each round. Pepeto is a contract scanning and zero-fee trading platform that grows more useful when the market turns risky and the XRP price stays range-bound.

While XRP holders wait for the CLARITY Act, Pepeto scans tokens across Ethereum, BNB Chain, and Solana, spotting risky contracts before they touch a wallet. PepetoSwap handles swaps at zero cost so entry size equals position size, and capital works right away instead of sitting inside a $83 billion market cap waiting for billions more.

The presale pulled $8.86 million at $0.0000001863 while the Fear Index reads 14. The FDV at $78 million is small enough that analysts call for 100x because the token powers every trade. SolidProof cleared the codebase, a senior developer from Binance shaped the exchange, and the founder who took Pepe to $11 billion built every tool from scratch. Staking at 186% APY keeps building holdings while listing draws closer.

Crypto history has one constant: early entries made during peak fear with real products running became the breakout stories of each cycle. Pepeto at $0.0000001863 with $8.86 million during a Fear Index of 14 fits that pattern. Once the Binance listing opens, presale pricing ends.

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XRP Price Prediction: Can XRP Hold $1.35 and Rally Back to $2?

XRP trades at $1.35 on April 10, down 62% from its $3.65 July 2025 peak, per CoinMarketCap. The XRP price prediction depends on holding $1.35 and clearing $1.42 to open $1.50 then $2.00. Analysts say XRP needs the ceasefire to hold, the CLARITY Act to advance, and the Fed to signal cuts before $2 is in play.

Support sits at $1.28 with resistance at $1.42 then $1.50. The XRP price math from a $83 billion cap means strong targets take months, not the fast timeline a presale-to-listing event offers.

Conclusion

The XRP price prediction confirms XRP needs quarters of macro help before it reaches numbers that matter. The wallets that bought XRP at $0.003 gained 1,000x over years. Those who got into SHIB with no product gained 1,000x in months.

Pepeto combines a live exchange, the same founder who took Pepe to $11 billion, and a confirmed Binance listing. The Pepeto official website still accepts presale entries, and the wallets that caught XRP at $0.003 did not wait for proof, they studied the setup and acted while the crowd held back.

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Click To Visit Pepeto Website To Enter The Presale

FAQs

Can XRP price reach $2 in April 2026 based on current market conditions and the CLARITY Act?

XRP needs the Trump-Iran ceasefire to hold, the CLARITY Act to clear the Senate Banking Committee in late April, and the Fed to signal cuts at the April 28 FOMC before $2 comes into play. Without all three, analysts at 24/7 Wall St project XRP stays between $1.28 and $1.60. XRP ETFs took in $3.3 million on April 8 while Bitcoin and Ether ETFs posted losses, showing selective demand even during broad market fear.

What is the best crypto to buy now in 2026 for high returns before the next bull run based on real utility?

Pepeto is the best crypto to buy now because it has a SolidProof-audited contract, a live zero-fee exchange with a token scanner, and a cross-chain bridge across Ethereum, BNB Chain, and Solana. The team includes the original Pepe coin architect and a senior Binance developer. With $8.86 million raised at $0.0000001863, 186% APY staking, and a confirmed Binance listing, the entry combines working tools with presale pricing.


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Iran Eyes Bitcoin Payments for Strait of Hormuz Oil Transit

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Iran Eyes Bitcoin Payments for Strait of Hormuz Oil Transit

Bitcoin is emerging as a potential component in the fragile ceasefire that is taking shape between the United States and Iran after a 39-day conflict disrupted the region and forced the closure of the Strait of Hormuz.

Tehran is unlikely to relinquish its grip on the narrow trade artery that handles roughly 20% of global crude oil flows. Instead, it plans to manage transit alongside Oman, collecting tolls from vessels seeking safe passage.

And that’s where Bitcoin (BTC) comes into play. Those payments may not be limited to traditional currencies. Hamid Hosseini, a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, told the Financial Times that certain ships could be required to pay in BTC for safe passage of their oil cargo.

“Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can’t be traced or confiscated due to sanctions,” said Hosseini.

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If implemented, the move would mark a notable shift for Iran, which has previously said it would only accept the Chinese yuan as toll payment for the strait.

This week’s Crypto Biz looks at Iran’s reported crypto gambit, Jamie Dimon’s latest comments on blockchain and competition and the White House’s stance on stablecoin yields.

Iran seeks crypto tolls from ships crossing Strait of Hormuz

Ships moving through the Strait of Hormuz are increasingly being asked to pay transit fees in cryptocurrency, as Iran tightens control over one of the world’s most important shipping lanes, according to the Financial Times.

Reports indicate that vessels, particularly oil tankers, are being charged fees that can reach into the millions per trip, with payments made in crypto or alternative currencies. The system is being enforced by Iran’s Revolutionary Guard Corps, which has restricted access to the waterway and allowed only approved ships to pass.

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The development comes amid ongoing conflict and a fragile ceasefire, with Iran using its position over the strait as leverage. With roughly a fifth of global oil flows moving through the route, the use of crypto payments underscores both the geopolitical stakes and how digital assets are being used to bypass traditional financial channels.

Jamie Dimon warns blockchain and AI are coming for banking

JPMorgan CEO Jamie Dimon warned that a new wave of technology-driven competitors is putting pressure on traditional banking, highlighting both artificial intelligence and emerging financial infrastructure.

In his annual shareholder letter, Dimon pointed to fintech companies and nonbank players adopting blockchain and other technologies to build faster, lower-cost systems. He also hinted that stablecoins should be viewed as part of the broader shift underway in financial services.

America’s biggest bank, as measured by assets, is already investing heavily in its own blockchain infrastructure, including its Kinexys platform, as it looks to compete in areas such as payments and tokenization where new entrants are gaining ground on traditional players.

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Stablecoins became a $315 billion market in the first quarter. Source: CEX.io

Bernstein says Figure stock could double on tokenization growth

Analysts at Bernstein say Figure Technologies’ rapid loan growth highlights the potential of blockchain-based lending, suggesting the company’s stock is significantly undervalued at current levels.

In a recent note, Bernstein said Figure surpassed $1 billion in monthly originations, signaling growing traction. It assigned the stock an “Outperform” rating and a $67 price target, roughly double current levels.

Figure’s lending platform runs on the Provenance blockchain, which is designed to reduce costs and speed up loan processing. Bernstein analysts said this structure could improve margins compared to traditional lenders, particularly as volumes increase.

Figure (FIGR) stock’s year-to-date performance. Source: Yahoo Finance

Stablecoin yield ban would lift bank lending just 0.02%, White House says

Economists at the White House said restricting yield-bearing stablecoins would have a negligible impact on bank lending, challenging claims that such products pose a meaningful threat to deposits.

According to analysis by the Council of Economic Advisers, a ban on stablecoin yields is estimated to increase bank lending by just 0.02%, suggesting only limited spillover into the traditional financial system. The analysis comes as yield-bearing stablecoins remain a key sticking point in market structure legislation talks.

The report also pointed to potential downsides. Limiting yields could reduce consumer benefits by cutting off access to higher returns, highlighting a trade-off for policymakers weighing tighter regulation of the sector. 

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