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Just caught wind of something interesting happening in South Korea's crypto policy space. The opposition parties over there just dropped a new bill to completely scrap the cryptocurrency tax plan that was supposed to kick in by 2027. Honestly, this feels like a direct response to how broken the original proposal looked to most people.
Here's the thing - their current plan was to hit crypto investment gains with a 22% tax rate, but here's where it gets wild: stock investment gains get a complete pass from income tax. You can see why crypto investors are losing it over this. It's basically sayin

🐦 Circle is not handling it well
On-chain detective ZachXBT accused Circle (issuer of USDC) of failing to respond to the Drift hack.
— Over $230 million USDC moved via CCTP (Solana → Ethereum)
— 100+ transactions
— Funds moved for hours without any reaction
— It took Circle 6 hours to start freezing
Previously, the company mistakenly froze 16+ wallets, which are still gradually being unfrozen.

Just been looking at Shiba Inu's chart and there's definitely something interesting brewing here. After getting absolutely hammered down, SHIB is now sitting in what feels like a compressed zone - price is coiled tight with smaller candles forming near the lows. The tail of recent price action shows less aggressive selling pressure, which usually means we're getting close to some kind of bounce.
Technically speaking, the oversold conditions are pretty textbook at this point. RSI is deep in weak territory, momentum has faded, and we're way below all the major moving averages. When you see this