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Leading South Korean banks, including Shinhan, Woori, KEB Hana, and KB Kookmin, are moving quickly to enter the cryptocurrency and stablecoin markets.

Over the weekend, cryptocurrency markets experienced a sharp downturn, with Bitcoin retreating to a support level of $112,000 as renewed economic uncertainty weighed on risk appetite.

On August 1, 2025, the Hong Kong Legislative Council officially enacted the Stablecoin Regulation, establishing a comprehensive licensing and regulatory framework for stablecoin issuers.

Metaplanet, a Tokyo-listed company, has significantly expanded its Bitcoin holdings by acquiring an additional 463 BTC.

On August 3, Pi Coin (PI) dropped to a new low of $0.35 before slightly recovering to around $0.36. This marks a 44% decline over the past two months, erasing most of its post-launch gains and significantly underperforming the broader altcoin market.

PUMP has recently gained more than 11% in a 24-hour period, pushing its price to approximately $0.00302 with a market cap of around $1.06 billion.