XRP demand is showing signs of weakening, with significant outflows from US spot ETFs and a decline in futures open interest. XRPL activity also shows reduced user participation, though institutional adoption of the ledger for tokenized assets is growing, potentially reviving demand for XRP.
South Korea's foreign ministry stated its revised network act is non-discriminatory towards foreign firms and respects free speech, following US concerns over potential "disproportionate" burdens and excessive content regulation. Consultations with the US will continue.
South Korea's foreign ministry stated Friday the revised network act, requiring platforms to block false information, is not discriminatory against foreign companies and vowed to continue consultations with the U.S. to address concerns.
A US State Department spokesperson urged South Korea not to impose disproportionate burdens on US firms under its revised network act, citing concerns that the revision could lead to excessive content regulation and undermine free speech.
미국 국무부는 한국의 정보통신망법 개정안이 미국 기업에 과도한 부담을 주고 표현의 자유를 검열하는 수단으로 사용될 수 있다며 우려를 표명했다. 국무부는 한국 정부가 주요 이해관계자, 특히 미국 기술 기업과 지속적인 대화를 갖기를 기대한다고 밝혔다.
South Korea's amended Network Act, targeting the spread of false online information, is now in effect. Publishers and platforms with significant reach face fines and new obligations to combat disinformation, though critics worry about potential limits on free expression.
South Korea's revised Information and Communications Network Act, effective today, faces controversy over potential impacts on freedom of expression. The law imposes punitive damages for disseminating 'false or fabricated information' and allows significant administrative penalties, raising concerns about abuse and self-censorship.
South Korea's new decree defines 'major online information producers' who can be sued for punitive damages over fabricated content. Individuals with over 100k subscribers/views posting 3+ pieces of content in 3 months are included. Platforms with 1M+ daily users must implement reporting systems.
THORChain resumes operations after a month-long security audit and upgrade process following a $10.7M exploit, enhancing its threshold signature scheme and migrating to new vaults.
Bitcoin network transaction counts are rising significantly, reaching near all-time highs not seen since late 2024, despite the asset's price being down nearly 50% from its peak. This surge is driven by small-value transactions, including Bitcoin NFT activity and time-stamping services, rather than large economic transfers.
Bitcoin's network activity is at its strongest since late 2024, driven by a surge in small transactions and data-related use cases like Runes and Ordinals. Despite this increased usage, the price of Bitcoin has fallen significantly this year, creating a divergence between network demand and market value.
Microtransactions under 0.01 BTC now make up 80% of daily Bitcoin transactions, nearing record activity levels. This surge, driven by Ordinals, Runes, and data-inscription protocols, is increasing block space competition and fees, despite weak price performance.
XRP's on-chain activity has significantly declined since its 2025 peak, with network fees dropping 91.5% and the profit-to-loss ratio falling to 0.38. This suggests a shift from profit-taking to network capitulation, with traders eyeing the $1.00-$0.65 region for accumulation.
Expanding Bitcoin price momentum, recovering liquidity and surging network activity all point to continued bullish control.
Bitcoin's active addresses dropped to their lowest level since 2016 on Apr. 8, reaching 661,313, while price held near $78,000. The disconnect reflects a structural shift where price discovery now happens in ETF order books and futures markets rather than the base layer. Glassnode's Accumulation Trend Score sits at 0, indicating distribution, while illiquid supply reached 13.45 million BTC. Goldman Sachs filed for a Bitcoin ETF on Apr. 14, joining Morgan Stanley's January filing, enabling capital to enter without touching the chain. Key technical levels to watch are $78,100 and $81,600, with support zones at $69,000-$71,500 and $54,000 downside.
