Episode 438
📍 Eric Council Jr. will plead guilty to hacking the SEC's X account to falsely claim spot bitcoin ETFs had been approved, and will forfeit $50,000 in proceeds.
📍 Software company Strategy, formerly MicroStrategy, has resumed buying Bitcoin after a brief pause, spending $742.4 million on 7,633 coins, bringing its total holdings to 478,740 BTC worth $46.5 billion.
📍 A South Korean lawmaker has been acquitted of charges related to concealing crypto holdings, as the court ruled that virtual assets were not classified as registered assets under the country's laws at the time, highlighting the need for clearer regulations.
📍 Hong Kong's Legislative Council member Duncan Chiu believes the territory's patient approach to regulating crypto will pay off, allowing it to learn from others and create a clear rulebook that balances investor protections with business needs.
📍 Chiu emphasizes the importance of building regulatory alignment and clear classifications for different types of digital assets, and sees establishing OTC trading and custodian regulations as the next major priorities for the LegCo.
