Ethereum Foundation researcher Jihoon Song presented FOCIL’s progress at the EthCC conference. The project aims to reduce Ethereum’s centralization risk by using a decentralized committee of validators. FOCIL improves blocks’ resistance to censorship by randomly selecting validators and encoding rules, lowers attack risk, and supports account abstraction and privacy protocols. This mechanism has been confirmed as a core feature of Ethereum’s future upgrades.

Gate News reports that on March 29, South Korean President Lee Jae-myung nominated Shin Hyun Song, the head of the Monetary and Economic Department of the Bank for International Settlements, as a candidate for the new governor of the Bank of Korea. It is reported that Shin Hyun Song is known as a "pragmatic hawk" and holds a negative attitude towards the Korean won-pegged stablecoin promoted by the Lee administration. Shin Hyun Song believes that in countries with highly volatile exchange rates that are susceptible to capital outflows, stablecoins can easily become a tool for capital flight, and stablecoins pegged to the local currency may accelerate this trend.

Gate News reports that on March 28, South Korean President Lee Jae-myung nominated Shin Hyun Song, head of the Monetary and Economic Department of the Bank for International Settlements, as a candidate for the new governor of the Bank of Korea. Shin Hyun Song is known as a "pragmatic hawk" and has a negative stance towards the Lee government’s push for a won-pegged stablecoin. Shin believes that in countries with severe exchange rate fluctuations and vulnerability to capital outflows, stablecoins can easily become tools for capital flight, and stablecoins pegged to the local currency may accelerate this trend.

South Korea's People Power Party held a closed-door meeting on March 23rd with representatives from major cryptocurrency exchanges to discuss the abolition of the virtual asset taxation system scheduled for implementation in 2027, and to hear proposals on stablecoin issuance and legislation. Party whip Song Yeon-seok has proposed amending the Income Tax Law to address the double taxation issue.

South Korean President nominates Shin Hung-song, head of the Monetary and Economic Department at the Bank for International Settlements, as the next governor of the Bank of Korea. He has previously expressed concerns about Korean won stablecoins, believing they could lead to capital outflows and affect financial stability. The public is watching to see if his stance on stablecoins will change after he takes office.

ChainCatcher news, FightManiaDUBAI announced that it will host a wrestling-themed offline event at the Cuban Boxing Club in Dubai from 20:00 to 24:00 on December 4, 2025, led by UFC fighter Song Yadong and KOLs Orangie and Jakey. The event will feature KOL friendship wrestling matches, WWE-style performances, and

The founders of South Korea's largest crypto assets exchange Dunamu Inc., Song Ji-hyung and Kim Hyung-nyun, agreed to sell the company to Naver Corp.'s fintech division in an all-stock deal, valuing the transaction at $13.6 billion. Song Ji-hyung will receive a 19% stake, while Kim Hyung-nyun will receive a 10% stake, making both of them global billionaires.