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South Korea imposes new supervisory fees on top exchanges
South Korea’s financial services watchdog has slapped new supervisory fees on the country’s exchanges under a new digital asset framework. The Financial Services Commission (FSC) recently introduced the Virtual Asset User Protection Act, bringing virtual asset service providers (VASPs) under its supervisory purview. One key stipulation is that any business under the FSC’s jurisdiction must pay a supervisory fee if its annual revenue exceeds KRW3 billion ($2.2 million). According to local media outlets, the eligible exchanges will collectively pay around $120,000 to the watchdog. Upbit, which controls over 80% of the Korean market, will bear the biggest share at $103,000...
Solana (SOL) Weekly Chart Targets $300 Breakout Following Bullish Setup
Solana (SOL) appears ready for a significant breakout as its weekly chart reveals a compelling bullish setup. Over the last few days, Solana’s price has been consolidating despite hitting a new all-time high on November 22. But if the altcoin breaks through critical resistance levels, it could hit $300. Here is how. Solana Has Indicators on Its Side On Solana’s weekly chart, the altcoin has formed a classic bull flag pattern — a bullish indicator suggesting potential further upward movement. A bull flag consists of two rallies separated by a brief period of consolidation. The flagpole forms during a sharp,...
Solana (SOL) Bounces Quickly Taking this Ethereum Token to a Mega Bullish Price Trajectory, 1,455% Hike Coming
After a rocky start to the week, Solana (SOL) made a strong recovery, staying well above $150 after dropping to $110.46 on Sunday. This quick rebound highlights the SOL token’s resilience and the Solana network’s current stage. Meanwhile, the Ethereum token RCO Finance (RCOF) is gaining momentum, benefiting from Solana’s impressive performance and setting up a potentially exciting price trajectory following its current presale. The Resurgence of Solana (SOL) Ali Charts, a market expert, recently highlighted Solana’s (SOL) impressive price surge as it waves in the cryptocurrency market on X (Formerly Twitter). He pointed out the potential for Solana to...