South Koreans Hold $99B of Digital Assets Overseas: Tax Service
The crypto held abroad accounts for about 70% of all assets held outside the country.
Financial
Arbitrum Blockchain Traders Can Now Protect Against Impermanent Loss
GammaSwap developers say it is the first application to allow Arbitrum users to hedge against supplied liquidity by letting them go short on those positions.
First Mover Americas: Bitcoin Hovers Around $27K Ahead of Fed Decision
The latest price moves in crypto markets in context for Sept. 20, 2023.
Bitcoin Price May Boom in October, Could Hit $37K by Year-End: Matrixport
The world’s largest cryptocurrency generally outperforms in the fourth quarter, returning on average more than 35% over the past nine years, the report said.
U.K. Just Passed an Online Safety Bill That Will Apply to the Metaverse
The bill requires companies to assess the likelihood that children will encounter harmful content in virtual worlds and have measures in place to mitigate such risks.
Volatility in $25 Trillion U.S. Treasury Market Slides. Here’s Why It Matters to Crypto
The MOVE index, an options-based measure of turbulence in Treasury notes, dropped to an 18-month low last week.
Bitcoin Holds Above $27K; XRP, ADA, DOGE Trade Little Changed
“All financial markets have taken a wait-and-see approach ahead of monetary policy decisions in the U.S., Switzerland, the U.K. and Japan,” one analyst said.
DeFi Protocol Balancer Says Web Front End Is ‘Under Attack’
On-chain veri appears to show the attacker has stolen over $200,000 from users.
Avalanche Developer, Known for Minting Millionaires and Duds, Is Back With ‘WAGMI’ Tokens
Sestagalli’s previous Avalanche projects created a cult-like following in the 2021 bull run under the “frog nation” moniker.
Bitcoin Price Volatility Likely to Stay Depressed After Fed Rate Decision
The Fed will announce its rate decision on Wednesday at 14:00 ET. The way bitcoin options are priced suggests the cryptocurrency may not move more than 3% by Friday.