Odaily News South Korea's new president, Lee Jae-myung, is moving quickly to deliver on his campaign promise to allow local companies to issue stablecoins, further boosting one of the world's most active digital asset markets. Lee has been a vocal supporter of stablecoin adoption. On Tuesday, Lee's ruling Democratic Party proposed the Basic Law on Digital Assets, which aims to increase transparency and encourage competition in the cryptocurrency industry. Under the bill, South Korean companies can issue stablecoins if they have at least 500 million won ($367,876) in equity while ensuring guaranteed refunds through reserves. South Korea is already a hotbed of cryptocurrency activity, with more than a third of the population, or about 18 million people, participating in the digital asset market. At some point, trading volumes on domestic cryptocurrency exchanges even exceeded those of the South Korean Composite Index and the Korea Stock Exchange Stock Exchange (KOSDAQ) index. Stablecoins are cryptocurrencies pegged to another asset, usually the U.S. dollar. (Jinshi)

Odaily News According to Lookonchain monitoring, crypto asset management institution Metalpha withdrew 18,000 ETH (worth approximately US$48.45 million) from Binance 2 hours ago.

Odaily News Economist Nouriel Roubini, known as "Dr. Doom," said in an interview recently that he has lowered his expectations for a U.S. recession and turned bullish. He expects that driven by new technologies such as artificial intelligence and nuclear fusion energy, the United States may usher in a round of investment and productivity boom cycle before 2030, with GDP growth expected to rise from the current 2% to 4%, and U.S. stocks (such as the S&P 500) are also expected to maintain high single-digit gains in 2025. He believes that the AI effect is being released rapidly, the commercialization of nuclear fusion is approaching, and the market's increased responsiveness to Trump's policies have jointly supported his optimistic judgment on the economy. Although he is still wary of structural threats such as geopolitical conflicts and debt risks, he believes that the overall risk is "controllable." Roubini also emphasized that he has always been a "realist" and not blindly bearish, and the title of "Dr. Doom" is not accurate.

Odaily News According to the official announcement, Upbit will launch AXL Korean Won and USDT trading pairs. Trading is expected to open at 16:00 local time on June 10.

Odaily News The first IDO project of Lazpad, the Launchpad platform launched by LazAI, Corrupted Alith, its token CALITH has started trading on Netswap at 0:05 am (UTC+8) on June 10. The opening price was 0.0088 USDT, and it has now briefly exceeded 0.158 USDT on the Metis network, an increase of more than 1800% from the opening price. Corrupted Alith is a unique artificial intelligence experience launched by LazAI that aims to explore and demonstrate the consequences of providing unverified, confusing, and misleading data to artificial intelligence.

Odaily News RateX Research published an article on X last night, calculating the potential airdrop benefits of the Solana ecosystem in the staking project Fragmetric with a hypothetical airdrop ratio of 5%. In response, Fragmetric co-founder sang.sol replied that "5% is really a small number", which seems to imply that the final airdrop ratio will be greater than 5%.