[Weekly News Brief] South Korea Financial Committee Allows Listed Companies to Invest in Cryptocurrencies, etc.

1. South Korea’s Financial Committee Allows Listed Companies to Invest in Cryptocurrencies

The South Korean Financial Committee has finalized guidelines permitting listed companies and professional investment institutions to invest in cryptocurrencies. Under the new guidelines, approximately 3,500 companies can invest up to 5% of their net assets in cryptocurrencies annually, effectively lifting a nine-year investment ban.

2. U.S. Senate to Review the Digital Asset Market Transparency Act on the 18th

The U.S. Senate plans to review the Digital Asset Market Transparency Act on January 18th, aiming to establish a clear regulatory framework for digital assets. The bill seeks to prevent the outflow of blockchain and Web3 technologies and focuses on investor protection.

3. U.S. Congress Passes the Capital Markets Act and Electronic Securities Law to Pave the Way for Security Token Legislation

The U.S. Congress has passed the Capital Markets Act and the Electronic Securities Law, establishing a regulatory foundation for the issuance and circulation of security tokens.

4. U.S. Senate Submits Over 130 Cryptocurrency Bill Amendments… Market Structure Review Officially Begins

Before reviewing bills related to cryptocurrency market structure, U.S. senators have submitted over 130 amendments covering stablecoins, DeFi, conflicts of interest for public officials, digital mixers, and more.

5. JPMorgan Predicts $130 Billion Inflow into Bitcoin Market This Year

JPMorgan forecasts that due to ETF approvals and increased institutional inflows, approximately $130 billion in new funds could flow into the Bitcoin market this year.

6. Bitcoin Spot ETF Records $750 Million Net Inflow in a Single Day… Fidelity Leads with $350 Million

As of January 13th, Bitcoin spot ETFs saw a net inflow of $754 million, with Fidelity contributing $350 million.

7. UAE Sovereign Wealth Fund Mubadala Confirms Purchase of Bitcoin

The $300 billion UAE sovereign wealth fund Mubadala has confirmed direct purchase and holding of Bitcoin.

8. BlackRock Withdraws 6,647 BTC and 4,179 ETH from Coinbase

Data shows that BlackRock withdrew 6,647 BTC and 4,179 ETH from Coinbase in the past 8 hours. This move is interpreted as a signal of institutional on-chain transfers.

9. West Virginia Proposes Legislation Allowing Up to 10% of Public Funds to Invest in Bitcoin

The West Virginia legislature has proposed a new bill permitting up to 10% of public funds to be invested in Bitcoin and related ETFs.

10. U.S. CPI Below Expectations… Rate Cut Expectations Rise

The U.S. Consumer Price Index (CPI) came in below market expectations, leading to increased market anticipation of an early Federal Reserve rate cut.