DeFI News by Thebittimes.Com

In a recent interview, Binance CEO Richard Teng confirmed that multiple governments and sovereign wealth funds have approached the cryptocurrency exchange about creating their own crypto reserves. Teng discussed the platform’s role in helping a host of nations establish cryptocurrency regulations. Moreover, he noted that those conversations have included the possible development of various national strategic Bitcoin reserves. JUST IN: Binance says multiple governments and sovereign wealth funds have approached the company about creating crypto reserves. — Watcher.Guru (@WatcherGuru) April 17, 2025 Also Read: BlackRock CEO Says US Dollar is at Risk of Losing Reserve Status to Bitcoin Binance Says Governments & Sovereign Wealth Funds are Exploring the Creation of Their Own Crypto Reserves Throughout the first three months of the year, the digital asset sector has been a dominant story. Indeed, the United States has sought to overhaul its digital asset policy. The returning Trump adm...

As the nation continues its embrace of the asset class, the US Senate is poised to vote this week on repealing the IRS rule threatening crypto and the DeFi sector. Indeed, Senate leaders are expected to erase a crypto broker rule, one of two regulations in place by the Biden administration that could soon be reversed, according to a CoinDesk report. The Trump Administration announced the impending launch of the country’s very own cryptocurrency reserve plans. Although there has been some debate on the tokens included, it represents yet another major step forward for the country and its renewed pro-crypto approach. JUST IN: US Senate to vote this week on repealing IRS rule threatening crypto and DeFi. — Watcher.Guru (@WatcherGuru) March 3, 2025 Also Read: CBDC Debate: Digital Euro Expands While Russia Delays Digital Ruble & U.S. Holds Back US Senate Expected to Repeal IRS Rule Threatening Crypto & DeFi There is no doubt that the return of Donald Trump to the White House is brin...

1. South Korea: Over 30% of Population Now Engaged in Cryptocurrency Investments link According to data from the Bank of Korea, as of the end of November, the total number of cryptocurrency investors in South Korea surpassed 15.59 million for the first time, accounting for over 30% of the country’s population. The total asset size reached 102.6 trillion won (approximately $79 billion), with the daily trading volume nearing the total of the domestic stock market. Fueled by expectations of crypto-friendly policies following Donald Trump’s election as U.S. president, Bitcoin prices surged nearly 35% in November, significantly boosting investment activity in South Korea’s crypto market. Among the five major exchanges, the average cryptocurrency holdings per investor reached 6.58 million won (approximately $5,070), with 610,000 new investors added in November alone. Additionally, the volume of deposits not yet invested in the market increased to 8.8 trillion won (approximately $6 billion). ...