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Crypto

Bitcoin slides but long-term holders boost BTC stash 69 percent, on-chain metrics strengthen

Bitcoin fell 22 percent in the first quarter, but long-term accumulation-minded investors increased their holdings by 69 percent, Ark Investment Management said. Bitcoin ended the quarter at about $68,200, below three key support levels, putting it in a technically bearish zone, Ark said. It did not see signals of a historical bottom. U.S. spot bitcoin ETF holdings were little changed at about 1.29 million BTC, while long-term buyers raised holdings from about 2.13 million to 3.60 million BTC.

Crypto

Project Hangang accelerates as Circle eyes South Korea stablecoins

As legislation on South Korea’s Digital Asset Framework Act stalls in parliament, the Bank of Korea is stepping up its central bank digital currency pilot, Project Hangang, entering a second phase focused on preparing deposit tokens for commercialisation. A turf dispute is also emerging between the central bank and the Financial Services Commission over regulatory authority, including licensing for stablecoin issuance. U.S. stablecoin firm Circle has highlighted Korea as a key hub and flagged possible expansion.

Crypto

Stalled Clarity Act keeps Bitcoin rangebound as quantum threat adds pressure

South Korea’s digital asset market focus over the past week centred on the stalled U.S. Clarity Act, prolonged range-bound Bitcoin trading, rising concern over quantum-computing threats and debate over XRP’s outlook. Industry and lawmakers clashed over a ban on stablecoin interest, while legislative progress also stalled in South Korea. Bitcoin stayed in a $60,000 to $70,000 band before a rebound linked to news on U.S.-Iran truce talks. Quantum-resistant projects rose after a Google-Caltech paper. XRP drew attention on SWIFT, holdings and price targets. Stablecoin usage grew, while a $285 million DeFi hack revived control concerns.