Defi Development, Ether Machine and Korea Stablecoin Push star-news.press/wp

Welcome to the MORINING Asia Pacific summary – your primary digestion of encryption developments overnight to form regional markets and global feeling. Get green tea and see this space.

Today: Defi Development reaches a million teachers amid the expansion of the treasury, and the ether machine is worth $ 220 billion, FAN, and Korean legislators, ADVANCE, won Stablecoin’s legislation through internal party seminars.

Defi Development hits a million teachers

Defi Development Corp, which is called “Sol Microstrategy”, continues the Solana Treasury strategy. Nasdak listed Declare Holding reached 999,999 Sol code worth $ 181 million.

Between 14 and 20 July, they bought 141,383 Sol for $ 19 million through connected and closed symbols. Additional additional rewards have strengthened weekly gains by 867 Sol activities.

The company runs the internal Solana authentication contract that generates consistent returns from delegations. They raised $ 19.2 million through stock facilities with a credit capacity of $ 4.98 billion. SPS from Defi Development has reached 0.0514 Sol for $ 9.30.

The Sol price increased by 8 % on Monday, as it approached 200 dollars amid the expectations of the purchase of companies. The strategy provides Solana direct exposure while supporting the growth of the ecosystems through health verification services.

The ether machine plans for the first time in Nasdaq

Ethereal Declare Its formation by merging Spac with Dynamix Corporation Monday.

The new entity plans to secure at least 400,000 ETH by the end of 2015, at a value of approximately $ 220 billion. Trading under Ticker Ethm after completing the reverse integration, targeting the largest general ETHEREUM holder.

Among the current leaders include indulging technique with 300,700 ETH and Sharplink Gaming, which includes 280,600 ETH.

The company will lead David Mirin, former CEO of Consensys, Jonathan Christodoro. Among the main investors are Pantera Capital and Kaken Exchange, providing more than $ 800 million of financing.

The company focuses as “ETHEREUM” on Defi strategies and the development of the ecosystem. The target integration of Q4 2025 with mechanisms for generating the planned institutional class.

The Korean ruling party develops KRW Stablecoin Legislative Payment

The Democratic Party Research Group in Korea held an internal symposium on the development of Stablecoin from KRW on Tuesday. South Korea is winning, briefly called KRW.

The legislator Min Pyong Doc, who gave the first comprehensive legislation of digital assets in Korea last month, gave a major lecture. Maine confirmed the protection of cash sovereignty from the dominance of the Stablecoin in global payments. KRW Stablecoins called “the last golden opportunity” to capture the market share of the US dollar alternatives.

The party plans to establish a dedicated digital assets committee within the National Association for Systematic Political Coordination. Min also referred to the press after the symposium that the security code that provides legislation will be submitted in August after the previous delay.

The symposium is the increasing political momentum to develop the regulatory assets of the digital assets in Korea.

Paul Kim and Shukki Mori contributed.