South Korea Accelerates Efforts to Establish Regulations for Corporate Virtual Asset Accounts and Stablecoins

South Korea is accelerating its efforts to establish regulations for corporate virtual asset accounts and stablecoins. Financial authorities have pledged to finalize related policies soon.

South Korea is accelerating its efforts to establish regulations for corporate virtual asset accounts and stablecoins. Financial authorities have pledged to finalize related policies soon.

During a monthly press briefing on 22 January, Kim Byung-hwan, Chairman of the Financial Services Commission, shared that the government would soon clarify its position on virtual asset accounts for corporations.

South Korean regulators closely monitor global developments, particularly in the United States, where the Trump administration is advancing cryptocurrency regulations. Chairman Kim highlighted that international trends significantly shape South Korea’s approach to formalizing virtual asset policies. Meanwhile, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar.

The Superchain Ecosystem Index provides a comprehensive analysis of Optimism’s performance in the market. Meanwhile, Filecoin has made significant progress with its Fast Finality (F3) testing, expanding it to cover the entire network. SPX6900 has experienced extraordinary growth over the last year, with a remarkable increase in value of 51,794%.

Wall Street Pepe ($WEPE) has quickly gained attention in the cryptocurrency space, securing over $57 million in its token presale within just seven weeks. The BNB Foundation has recently completed the 30th quarterly burn of BNB tokens on the BNB Chain, removing 1,634,200.95 BNB from circulation. In another development, Donald Trump’s new crypto token is recognized as representing the industry’s potential.

1. Optimism (OP)

The Superchain Ecosystem Index offers a detailed view of Optimism’s market performance. It highlights key metrics that reflect the ecosystem’s activity and resource availability. As of today, daily transactions stood at 13.9 million. The all-time collective revenue reached 14.9 thousand, while the Layer 2 market share was 62.6%. Additionally, the governance fund balance is 136.53 million, with user airdrops and retroactive funds remaining 549.43 million and 800.99 million, respectively. The partner and seed fund holds 230.99 million, indicating substantial resources for ecosystem support.

Optimism (OP) demonstrates consistent activity within the ecosystem. Its price is $1.76, reflecting a 3.67% decrease in the last 24 hours. However, the market cap increased by 3.69% to $2.38 billion. The token’s 24-hour trading volume is $245.39 million, representing 10.24% of its market cap. Optimism’s fully diluted valuation (FDV) stands at $7.57 billion, with a total supply of 4.29 billion OP.

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In the last 30 days, Optimism has experienced 16 days of positive price movement, accounting for 53% of the period. This suggests moderate price stability. Although the market sentiment is bearish, the Fear & Greed Index score of 75 indicates investor confidence. The token also exhibits strong liquidity relative to its market cap and trading activity.

2. Filecoin (FIL)

Filecoin has made notable advancements in its Fast Finality (F3) testing, scaling to encompass the entire network. The optimization of the bootstrap phase is now complete in approximately 70 minutes with minimal bandwidth requirements. While this represents promising progress, the focus remains on achieving consistent performance and faster transaction finality before transitioning to mainnet deployment.

In 2024, Filecoin aims to drive innovation through projects such as in-orbit IPFS (InterPlanetary File System), integrations with blockchain ecosystems, and scalable solutions tailored for AI and enterprise applications. These developments reflect an effort to expand use cases and industry adoption.

Regarding market performance, Filecoin’s price recently declined by 3.93% to $4.90 within the past 24 hours, accompanied by a 35.55% drop in trading volume to $148.45 million. Despite this short-term dip, Filecoin’s price remains 1.81% above its 200-day simple moving average of $4.99, indicating a relatively stable long-term trend. It has also experienced 15 positive trading days in the last month, suggesting steady activity.

Fast Finality (F3) testing scaled to 100% of the Filecoin network, optimizing the Bootstrap phase to complete in ~1 hour 10