Asian Crypto Roundup: Coinbase Extends Footprint, Japan Bans Insider Trading, Binance Relaunches In South Korea

Chainlink's price is showing signs of a bullish reversal, with predictions suggesting it could reach $25 soon. Recent on-chain data indicates that new wallets are accumulating LINK tokens, which is a positive sign for investors. This development is significant as it may signal a shift in market sentiment and provide opportunities for traders looking to capitalize on potential gains.

The recent two-week inflow streak for crypto funds has come to an abrupt end, signaling a shift in market sentiment. Onchain investors are showing increased bearishness towards the Binance liquidity cascade, while crypto ETP traders seem unfazed by the recent crash. This matters because it highlights the volatility and uncertainty in the crypto market, which can impact investor confidence and future investments.

South Korea's Financial Services Commission (FSC) is set to introduce a new law by the end of 2025 that will ban interest payments on stablecoins. This move aims to enhance financial stability while still encouraging innovation in the digital asset space. The proposed regulation aligns with similar measures in the U.S., reflecting a growing trend among governments to regulate cryptocurrencies more strictly. This is significant as it could shape the future of stablecoin usage and investment in South Korea.

A US investor has reported losing $3 million in XRP after hackers drained his wallet, and blockchain analysis indicates that the stolen funds quickly moved through obscure over-the-counter networks associated with Southeast Asia. This incident highlights the vulnerabilities in cryptocurrency security and raises concerns about the effectiveness of tracking stolen digital assets, as the investigator ZachXBT notes that the coins were funneled through a single Tron address before being laundered via illicit marketplaces. Such events not only impact individual investors but also shake confidence in the broader cryptocurrency market.

A recent outage of Amazon AWS has caused significant disruptions, knocking the Coinbase mobile app offline and affecting Robinhood's services. This incident is particularly concerning as it marks the second major outage since April, which had already impacted several large crypto exchanges. Such outages highlight the vulnerabilities in relying on cloud services for critical financial applications, raising questions about the stability and reliability of these platforms.

This week, Bitcoin is showing signs of recovery, with bulls working hard to push prices higher and avoid a significant drop to $102,000. This rebound is crucial as it reflects the market's resilience and could signal a shift in investor sentiment, making it an important moment for both traders and enthusiasts alike.

Coinbase Institutional is optimistic about a crypto market recovery by Q4 2025, fueled by liquidity improvements and potential Fed rate cuts. Bitcoin continues to shine as the preferred choice for institutions, showing a 3% increase recently. In light of this positive outlook, three presales are highlighted as strategic opportunities for investors looking to capitalize on the upcoming market shift.

Coinbase experienced a significant service outage on Monday due to a technical disruption affecting major platforms, including AWS. This incident left many users unable to access their accounts, raising concerns about the reliability of online services. Such outages can undermine user trust and highlight the vulnerabilities in the infrastructure supporting digital exchanges.

Crypto analysts are buzzing about Dogecoin's potential to replicate its astonishing 36,000% rally from the last cycle. Cantonese Cat has pointed out key differences in the current price action compared to previous trends, while Ghost remains optimistic, suggesting that Dogecoin could soar to $1. This matters because it highlights the ongoing interest in meme coins and their unpredictable nature, which could attract both seasoned investors and newcomers looking for the next big opportunity.

Roxom has made a significant move in the trading world by launching the first-ever Bitcoin-denominated perpetual futures, allowing traders to engage with the S&P 500 and gold in Bitcoin terms. This innovation is important as it opens up new avenues for cryptocurrency investors, enabling them to diversify their portfolios and hedge against market fluctuations using Bitcoin as a reference point. It reflects the growing acceptance of Bitcoin in traditional finance and could attract more traders to the crypto space.

In a troubling incident, hackers have stolen $3.05 million in XRP from a cold wallet, leaving a victim devastated after losing their life savings. Crypto investigator ZachXBT has stepped in to trace the stolen funds, highlighting the importance of self-custody in cryptocurrency security. This situation serves as a stark reminder for users to be well-informed about their security practices, as the risks in the crypto space remain significant.

Tom Lee's BitMine has reported impressive holdings of over $13 billion in cryptocurrency and cash, now controlling 2.7% of the total Ethereum supply. This substantial stake not only positions BitMine as a significant player in the crypto market but also has the potential to influence market dynamics and encourage corporate adoption of cryptocurrencies. As the landscape of digital assets continues to evolve, such strategic asset accumulation by firms like BitMine could pave the way for broader acceptance and integration of cryptocurrencies in mainstream finance.

The SEC has taken a significant step by approving a new process that will speed up the launch of crypto exchange-traded products (ETPs). This change eliminates the need for separate rule filings, reducing the time an ETP can be stuck in regulatory limbo from up to 240 days to just 75 days. This is a game-changer for the cryptocurrency market, particularly for altcoins like $BEST, which are now positioned to gain traction more quickly. This move not only enhances market efficiency but also signals a growing acceptance of cryptocurrency in mainstream finance.

BlackRock has made a significant move in the UK crypto investment scene by launching its iShares Bitcoin Exchange-Traded Product on the London Stock Exchange. This development opens up regulated market access to Bitcoin for British investors, marking a pivotal moment in the integration of cryptocurrency into mainstream finance. It highlights the growing acceptance of digital assets and could pave the way for more investment opportunities in the future.