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Crypto

HTX delists Trump family-linked stablecoin USD1 as address freeze dispute escalates

Crypto exchange HTX has halted support for the Trump family-linked stablecoin USD1 and delisted related trading pairs. HTX said issuer World Liberty Financial froze an exchange-related on-chain address without prior consultation, restricting some assets linked to the address. The exchange said it will convert users’ USD1 holdings to tether (USDT) at a 1-for-1 ratio, with details to be announced later. HTX criticised the freeze as lacking communication and transparency and said it is considering legal action.

Finance

Kosdaq stalls; policy momentum in focus after local elections

Hopes that the launch of a public-participation National Growth Fund would lift South Korea’s Kosdaq quickly faded as funds rotated back to large semiconductor stocks. The Kosdaq fell 2.29 percent on Monday, extending a five-session decline. Foreign investors bought Kosdaq shares, but institutions sold, weighing on the index. Market breadth in the KOSPI weakened, and smaller stocks lagged. Investors are watching post-election policy momentum and whether policy funds translate into broader demand.

Crypto

Clarity Act faces July 4 deadline as Ripple IPO comes into view

The White House has set July 4, U.S. Independence Day, as the target date for enacting the Clarity Act, with the Senate Banking Committee set to release amendments ahead of a May 14 markup. Stablecoin interest payments and conflict-of-interest provisions are key issues. In Korea, finance firms move to stake out stablecoins as legislation lags. Markets also react to a WHO hantavirus alert and renewed focus on a potential Ripple IPO and XRP outlook.