Dutch regulator bans Polymarket from operating in the country

Institution: Circle Stock Price Plunge May Be Misinterpreted, New Stablecoin Regulations Mainly Target Distribution End

Research firm Bernstein points out that the market misinterpreted the Clarity Act draft, causing Circle's stock price to plummet. The bill restricts stablecoin yield distribution, not issuance, so the impact on Circle's business model is limited. In contrast, a certain CEX needs to restructure its revenue mechanism. In the long term, restricting passive income may benefit Circle in consolidating its market position.

10x Research: The battle over stablecoin regulation heats up, with increasing strategic divergence between Circle and certain CEXs

Recently, competition between Circle and a certain CEX has intensified in the stablecoin economy. Circle supports stablecoin regulatory legislation to gain legitimacy, and despite facing stock price volatility, it may benefit from regulatory certainty in the long term. The CEX, however, focuses on short-term gains. 10x Research is reassessing its investment strategy.

Survey Shows UK Young People Broadly Optimistic About Cryptocurrency, Support Crosses Party Lines

A survey shows that cryptocurrency is quite popular among young people in the UK, with 64% of left-leaning party supporters having heard of cryptocurrency. Although right-wing parties such as the UK Reform Party support the crypto industry, its appeal has transcended partisan lines. The government faces industry pressure on regulation, with slow progress in advancing it.

CFTC Establishes Innovation Task Force to Regulate Cryptocurrency and Artificial Intelligence Markets

The U.S. Commodity Futures Trading Commission established an innovation working group responsible for regulating cryptocurrencies, artificial intelligence, and prediction markets, with the goal of developing clear rules, ensuring market competitiveness, and providing communication channels for innovators. The group collaborates with the SEC and CFTC Innovation Advisory Committee to promote responsible innovation, maintain market order, and boost investor confidence.

Kalshi Launches "Report Insider Trading" Feature as Prediction Market Regulation Intensifies

Kalshi Launches "Report Insider Trading" Button to Strengthen Compliance and Regulation, Allowing Users to Report Potential Violations. Meanwhile, the platform restricts political candidates and athletes from participating in related markets, aimed at preventing conflicts of interest. This initiative comes amid regulatory pressure from lawmakers and reflects the platform's commitment to transparency and integrity in prediction markets.

South Korea's People Power Party Proposes Canceling Cryptocurrency Tax: Originally Set to Take Effect in 2027 with 22% Tax Rate

South Korea's People Power Party proposes to cancel the 22% cryptocurrency gains tax set to take effect in 2027, arguing that the current tax system is immature and may cause unfairness, particularly affecting young investors. The party is concerned that strict taxation will lead to capital outflows, with 110 billion dollars already flowing out, affecting market activity. The bill is still under review, and whether it will pass remains uncertain. If it passes, it could boost market confidence and attract more investors.