Stablecoin regulation advances, South Korea's digital asset policy opens up, DEX project Aster attracts follow.

This week, the crypto assets market experienced fluctuations. Early on, Bitcoin and Ethereum drove a general rise in the market, while DeFi tokens were briefly pumped by favourable information from regulators. However, on Friday, geopolitical tensions suddenly escalated, causing most alts to fall by about 10%. At the same time, a company’s prospectus submitted to the SEC caused market misunderstandings, leading to a 70% big dump in its stock price, which affected the Ethereum trend to some extent.

This week's focal points include stablecoin-related policies, progress on the Aster project, as well as regulatory trends and Sol ETF speculation opportunities.

The U.S. Senate has passed a procedural vote on the stablecoin bill, which could complete the legislative process as early as next week. The bill has received support from various political sectors. Meanwhile, countries and regions such as South Korea are also accelerating their布局 in the stablecoin sector.

The new South Korean government has an open attitude towards the encryption industry, intending to establish a Digital Asset Committee and launch a KRW-pegged stablecoin. The ruling party in South Korea has proposed the "Basic Law on Digital Assets," which allows local companies to issue stablecoins. Currently, a large number of citizens in South Korea are participating in digital asset trading, and the market foundation is solid.

In this context, South Korean payment platforms like KakaoPay and blockchain projects such as Kaia are expected to benefit. KakaoPay's stock price soared, while Kaia plans to issue a Korean won stablecoin, with its Token rising over 50% this week.

The decentralized exchange project Aster, incubated by a certain trading platform, has completed the snapshot for its points airdrop. This project is regarded as an important initiative within a certain public chain ecosystem, benchmarking against high-performance DEXs. Its token exchange plan has attracted market attention and presents certain arbitrage opportunities.

Regarding regulation, the SEC chairman stated at the roundtable that DeFi aligns with the spirit of the United States and clarified that certain blockchain activities are not subject to federal securities laws. The SEC is also exploring a framework to allow eligible on-chain projects to operate legally.

In addition, the SEC has requested that Sol ETF issuers submit revised documents, which may indicate that the ETF is about to be approved. This could drive speculation around the related tokens.

Overall, despite the short-term market being impacted, the regulatory environment is becoming clearer, and emerging projects are continuously surfacing, the crypto industry still holds many opportunities.