According to Odaily Planet Daily, the Bank of Korea has abandoned its central bank digital currency pilot program in favor of private-sector stablecoin issuance, prompting fintech companies and banks to accelerate their deployment. KakaoBank is considering entering the issuance and custody business, while Upbit and Naver Pay are collaborating on developing payment tokens to narrow the gap between local and global crypto prices. However, due to long-standing restrictions on onshore won trading, foreign institutions are unable to directly exchange won overseas. The won stablecoin can only be used with KYC addresses linked to South Korea, hindering its use in cross-border settlements. Analysts believe that the token lacks the payment efficiency advantages of the local instant and free transfer system, and its primary application may be limited to domestic scenarios. (CoinDesk)

According to Whales Market data, the over-the-counter price of WLFI is currently $0.3, with a 24-hour trading volume exceeding $1.56 million and a cumulative trading volume exceeding $30 million.

According to Odaily's OKX market data, BTC has fallen below 123,000 USDT, currently trading at 122,995 USDT, with its 24-hour gain narrowing to 3.06%. (This newsletter was generated with AI assistance.)

According to Odaily Planet Daily, Lookonchain monitoring shows that a newly created wallet address withdrew 3,606 ETH (worth approximately US$17.06 million) and 1.41 million WLD (worth approximately US$1.55 million) 8 hours ago.

According to OnchainLens monitoring, a whale withdrew 210,924 LINK from Binance, worth approximately US$5.05 million.

Odaily Planet Daily reports that in response to online rumors that Jing Yaping, former director of the Guizhou Provincial Big Data Development and Management Bureau, used government servers to mine 327 Bitcoins, a staff member from the Publicity Department of the Guizhou Provincial Commission for Discipline Inspection and Supervision has dismissed the rumors as false and that Jing Yaping's case does not involve Bitcoin. It is understood that the news was originally generated by a self-media platform using AI and later reprinted by some media outlets. The relevant article has since been deleted. Public information shows that Jing Yaping was investigated in February of this year and expelled from the Party and public office in early August. Officials reported that he engaged in serious violations of discipline and law, including power-for-money transactions and accepting large sums of money, and was suspected of bribery. (China Newsweek)