shosh sherry

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shosh sherry

#occremovesstablecoinsevendayredemptionextension
The U.S. Office of the Comptroller of the Currency (OCC) released its final stablecoin rules under the GENIUS Act. The regulator removed a proposed rule that automatically gave crypto issuers seven extra days to process cash redemptions during high demand. Issuers must now process user redemption requests within two business days. If redemptions exceed 10% of total supply in 24 hours, companies must immediately alert regulators to request extra time.
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#occremovesstablecoinsevendayredemptionextension
The U.S. Office of the Comptroller of the Currency (OCC) released new rules for stablecoins. In the past, draft rules allowed stablecoin companies an automatic seven-day delay to cash out user tokens during busy times.

Now, the OCC has removed that automatic seven-day extension. Stablecoin issuers under OCC rules must send cash payments within two business days. This updated rule helps protect investors, boosts trust in crypto, and speeds up withdrawals.
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#occremovesstablecoinsevendayredemptionextension
The U.S. Office of the Comptroller of the Currency (OCC) has finalized new rules for payment stablecoins. Under the new policy, regulators removed the rule that gave stablecoin issuers an automatic 7-day extension during high withdrawal demands.

Now, issuers must process redemption requests within two business days under standard conditions. If withdrawal requests spike rapidly, issuers must get explicit regulatory approval for extra time. This step aims to boost user trust, ensure liquidity, and prevent market panic.
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#marketspricejust10%chanceoffedhikenextweek
Financial markets currently show only a 10% chance of a Federal Reserve interest rate hike at next week's policy meeting. Investors mostly expect central bank officials to pause and keep interest rates unchanged at the current level. While recent economic reports show lingering inflation pressure, traders believe policymakers will wait for clearer signals before making another move. Consequently, a rate hike next week remains a low-probability risk rather than the main expectation.
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Проверено

#marketspricejust10%chanceoffedhikenextweek
Financial markets see just a 10% chance of the Federal Reserve raising interest rates at its upcoming meeting next week. Most traders and economists expect officials to keep rates unchanged for now.

Even though inflation remains slightly sticky, investors believe the Fed will pause after its previous rate change. However, market projections show that another rate increase could still happen in December if price pressures do not cool down as expected.
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#marketspricejust10%chanceoffedhikenextweek
Financial markets are now pricing in just a 10% chance of a Federal Reserve interest rate hike next week. Investors mostly expect the Fed to keep interest rates steady at its upcoming meeting. Traders see a much higher chance of rate changes occurring later in the year as economic data continues to unfold. For now, stability remains the primary focus for market expectations heading into the decision.
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#usq3gdpandseptemberpceduenextweek
Investors are getting ready for a huge week for the US economy. Next week, official government reports will reveal the third-quarter US Gross Domestic Product (GDP) growth rate alongside the September Personal Consumption Expenditures (PCE) price index.

Because the PCE index is the Federal Reserve's favorite way to measure inflation, central bank leaders will watch these numbers closely. The new growth and inflation data will help guide their decisions on future interest rate changes.
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Big economic updates are coming this week. On Thursday, October 29, the U.S. government will release third-quarter GDP growth numbers alongside the September PCE inflation report.

The PCE index is the Federal Reserve's favorite way to measure rising prices. Investors around the world are watching closely to see if the American economy is still growing and how fast prices are rising. These reports will give key hints about future interest rate changes.
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#usq3gdpandseptemberpceduenextweek
Big economic news is coming next week! On Thursday, October 29, the U.S. government will publish two major financial reports.

First, we will see the third-quarter (Q3) Gross Domestic Product (GDP) report, which shows how fast the economy grew. Second, we will get the September Personal Consumption Expenditures (PCE) report. The PCE is the Federal Reserve's favorite way to measure inflation. Investors are watching these numbers closely to guess future interest rate moves.
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#southkoreaplanstoregulatestablecoinsunderfxlaw
South Korea is updating its foreign exchange law to regulate stablecoins as official payment tools. The central bank and government are creating new rules to track cross-border crypto transactions and stop illegal money transfers. Because stablecoins can move money internationally without traditional banks, officials want clearer oversight to keep the market safe. These proposed changes will give regulators better control over digital payments and protect investors using crypto across borders.
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shosh sherry

#southkoreaplanstoregulatestablecoinsunderfxlaw
South Korea plans to change its foreign exchange law to regulate stablecoins as payment tools. Under this update, major tokens like USDT and USDC will fall under traditional capital controls. The government and the Bank of Korea aim to track cross-border crypto transfers and manage financial risks. This move will give authorities clear legal power to monitor transactions and prevent illegal money transfers. Officials plan to finish drafting the new rules soon.

What specific aspect of crypto regulation would you like to explore next?
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#southkoreaplanstoregulatestablecoinsunderfxlaw
South Korea plans to change its foreign exchange law to regulate crypto stablecoins like USDT and USDC. The Bank of Korea and government officials want to classify stablecoins as official payment tools instead of basic digital assets. This change helps regulators track money moving across borders and stop illegal cash flows. Crypto companies and platforms must follow strict reporting rules for cross-border transactions. Authorities hope the new rules protect users while building a safer financial system.
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#electrumfixeshighriskexploitinversionsbefore4.8.3
Electrum has released version 4.8.3 to fix a major security flaw. Bad servers could trick users into signing fake payments when changing transaction fees, and at least one user lost money. If you use this Bitcoin wallet, you must update your software right away to stay safe and protect your funds from hackers.
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#electrumfixeshighriskexploitinversionsbefore4.8.3
Electrum wallet has fixed a dangerous security flaw found in versions before 4.8.3. Bad servers could trick people into sending money to hackers when they tried to increase transaction fees. At least one user lost funds.

The creators released version 4.8.3 to stop this problem. If you use Electrum, you must update your app right now to keep your Bitcoin safe. Always double-check your payment details before signing anything.
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#electrumfixeshighriskexploitinversionsbefore4.8.3
Electrum has released version 4.8.3 to fix a high-risk security flaw affecting all older versions. Bad servers could trick users into sending money to hackers when they tried to raise transaction fees. At least one user lost funds in this attack. Developers strongly urge everyone to update their wallet software immediately and carefully check all details before signing any transactions.
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#southkoreadelayscryptoincometax
South Korea is planning to delay its cryptocurrency income tax once again. Officials and lawmakers are working to push the start date from 2027 to 2029. The government originally planned a 22% tax on crypto profits above a set limit. However, exchange platforms need more time to build proper infrastructure, and concerns remain over tax fairness. This update brings temporary relief to local investors while lawmakers finalize the decision.
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#southkoreadelayscryptoincometax South Korea is moving to delay its 22% cryptocurrency income tax once again. Originally set for January 2027, officials and lawmakers now propose pushing the start date to 2029. The delay comes after concerns from young investors and incomplete tax tracking systems, especially for overseas crypto trades. Both major political parties support postponing the plan to fix reporting rules and prevent unfair tax burdens on local traders.
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#southkoreadelayscryptoincometax South Korea has decided to delay its planned cryptocurrency income tax once again. The 22% tax on crypto gains was supposed to take effect soon, but lawmakers are now considering pushing the start date to 2029. Officials explained that local crypto exchanges are not fully prepared yet. They also expressed concerns about the financial burden on young investors. Lawmakers will officially review and discuss the new tax amendments in November.$BTC $ETH $XRP

#dowdrops653points Wall Street had a rough finish as the Dow Jones dropped 653 points, falling 1.2% to close at 52,215. This sudden market crash happened because oil prices surged past $116 a barrel, raising new fears about high inflation. Only six stocks out of thirty managed to stay in the green as energy costs spiked and bond yields climbed. Investors are now worried about how these rising costs will affect the economy and upcoming corporate earnings.
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Проверено

#dowdrops653points The US stock market took a heavy hit on Friday as the Dow Jones Industrial Average fell by 653 points, dropping over 1.2% to close around 52,215.

This sudden market drop was mostly caused by a fast rise in global oil prices, which jumped over $116 per barrel due to growing geopolitical tension in the Middle East. Higher energy costs have raised fresh fears of rising inflation among global investors.
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