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South Korea is accelerating its efforts to establish regulations for corporate virtual asset accounts and stablecoins. Financial authorities have pledged to finalize related policies soon.
During a monthly press briefing on 22 January, Kim Byung-hwan, Chairman of the Financial Services Commission, shared that the government would soon clarify its position on virtual asset accounts for corporations.
South Korean regulators closely monitor global developments, particularly in the United States, where the Trump administration is advancing cryptocurrency regulations. Chairman Kim highlighted that international trends significantly shape South Korea’s approach to formalizing virtual asset policies. Meanwhile, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar.
5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar
The Superchain Ecosystem Index provides a comprehensive analysis of Optimism’s performance in the market. Meanwhile, Filecoin has made significant progress with its Fast Finality (F3) testing, expanding it to cover the entire network. SPX6900 has experienced extraordinary growth over the last year, with a remarkable increase in value of 51,794%.
Wall Street Pepe ($WEPE) has quickly gained attention in the cryptocurrency space, securing over $57 million in its token presale within just seven weeks. The BNB Foundation has recently completed the 30th quarterly burn of BNB tokens on the BNB Chain, removing 1,634,200.95 BNB from circulation. In another development, Donald Trump’s new crypto token is recognized as representing the industry’s potential.
1. Optimism (OP)
The Superchain Ecosystem Index offers a detailed view of Optimism’s market performance. It highlights key metrics that reflect the ecosystem’s activity and resource availability. As of today, daily transactions stood at 13.9 million. The all-time collective revenue reached 14.9 thousand, while the Layer 2 market share was 62.6%. Additionally, the governance fund balance is 136.53 million, with user airdrops and retroactive funds remaining 549.43 million and 800.99 million, respectively. The partner and seed fund holds 230.99 million, indicating substantial resources for ecosystem support.
Optimism (OP) demonstrates consistent activity within the ecosystem. Its price is $1.76, reflecting a 3.67% decrease in the last 24 hours. However, the market cap increased by 3.69% to $2.38 billion. The token’s 24-hour trading volume is $245.39 million, representing 10.24% of its market cap. Optimism’s fully diluted valuation (FDV) stands at $7.57 billion, with a total supply of 4.29 billion OP.
Is this you?
Fear no more; get answers to these questions and more from the freshly-launched Superchain Index by @SuperchainEco https://t.co/rnZwtUJSM6 pic.twitter.com/OizQYWdUPC
— Optimism.eth (@Optimism) January 22, 2025
In the last 30 days, Optimism has experienced 16 days of positive price movement, accounting for 53% of the period. This suggests moderate price stability. Although the market sentiment is bearish, the Fear & Greed Index score of 75 indicates investor confidence. The token also exhibits strong liquidity relative to its market cap and trading activity.
2. Filecoin (FIL)
Filecoin has made notable advancements in its Fast Finality (F3) testing, scaling to encompass the entire network. The optimization of the bootstrap phase is now complete in approximately 70 minutes with minimal bandwidth requirements. While this represents promising progress, the focus remains on achieving consistent performance and faster transaction finality before transitioning to mainnet deployment.
In 2024, Filecoin aims to drive innovation through projects such as in-orbit IPFS (InterPlanetary File System), integrations with blockchain ecosystems, and scalable solutions tailored for AI and enterprise applications. These developments reflect an effort to expand use cases and industry adoption.
Regarding market performance, Filecoin’s price recently declined by 3.93% to $4.90 within the past 24 hours, accompanied by a 35.55% drop in trading volume to $148.45 million. Despite this short-term dip, Filecoin’s price remains 1.81% above its 200-day simple moving average of $4.99, indicating a relatively stable long-term trend. It has also experienced 15 positive trading days in the last month, suggesting steady activity.
Fast Finality (F3) testing scaled to 100% of the Filecoin network, optimizing the Bootstrap phase to complete in ~1 hour 10 minutes with minimal bandwidth usage. Promising progress, but steady-state consistency and speed remain key challenges before mainnet activation. pic.twitter.com/82FPPyM2YU
— Filecoin (@Filecoin) January 22, 2025
Currently ranked 45 by market capitalization at $3.17 billion, Filecoin enjoys high liquidity. However, the bearish price prediction sentiment and the Fear & Greed Index showing “Greed” (75) highlight mixed market confidence. Over the past year, the price has seen a modest increase of 3%, showcasing slow but steady growth.
3. SPX6900 (SPX)
SPX6900 has shown remarkable growth over the past year, achieving a price increase of 51,794%. This performance has positioned it ahead of 99% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. With a current market capitalization of $1.27 billion, the token demonstrates strong liquidity to its size.
Recent metrics highlight the asset’s active trading environment. The 24-hour trading volume reached $78.44 million, marking a 30.35% increase. This corresponds to a volume-to-market-cap ratio of 6.16%. The fully diluted valuation (FDV) also stands at $1.36 billion. SPX6900’s supply is capped at 1 billion tokens, with 930.99 million circulating.
$SPX will become the world capital for a trading floor that never closes.
flipping the stock market?
it’s all a joke until it isn’t 💹🧲 pic.twitter.com/GAEJsyWqKZ
— SPX6900💹🧲 (@spx6900) January 23, 2025
Market sentiment for SPX6900 remains bullish, supported by a Fear & Greed Index score of 75, indicating high investor confidence. Over the last 30 days, the token closed at a higher price than it opened on 18 occasions, showing a 60% rate of positive daily movement.
4. Wall Street Pepe ($WEPE)
Wall Street Pepe ($WEPE) has quickly gained traction in the crypto market, raising over $57 million during its token presale in just seven weeks. Due to high demand, the project has announced that the presale will close early, with only 24 days remaining. During this time, tokens are available at a fixed price of $0.0003665. After the presale ends, $WEPE is set to debut on exchanges.
Unlike most meme coins, which are primarily speculative, Wall Street Pepe incorporates practical features to enhance its value. Inspired by the Wall Street Bets Reddit movement, the project seeks to empower retail investors by challenging the dominance of crypto whales and insiders. It offers tools such as trading signals, curated meme coin picks, and an insider group. This exclusive community is intended to serve as a platform for collaborative strategies to outperform the market.
Additional features like staking and trading competitions provide $WEPE holders with opportunities to earn rewards. These elements aim to increase both engagement and demand for the token. Analysts, including Umar Khan from 99Bitcoins, have acknowledged the project’s potential for growth.
The meme coin market has also benefited from notable endorsements. Elon Musk’s playful “Kekius Maximus” persona and Donald Trump’s recent launch of a Solana-based meme coin have drawn attention to the sector. Wall Street Pepe emphasizes security, with its code audited by Coinsult. Investors can participate via the Wall Street Pepe’s presale website or the Best Wallet app.
Visit Wall Street Pepe Presale
5. BNB (BNB)
The BNB Foundation recently concluded the 30th quarterly BNB token burn on the BNB Chain, with 1,634,200.95 BNB removed from circulation. The actual burn consisted of 1,524,200.95 BNB through the Auto-Burn mechanism, complemented by 110,000 BNB burned under the Pioneer Burn program. The estimated value of the burn at the time of completion was approximately $1.16 billion.
As part of an ongoing partnership between Flipster and BNB Chain, users can enjoy zero withdrawal fees on the BNB Smart Chain for the next 90 days. The BNB AI Agents Launchpad is live, enabling users to create AI agents on the BNB Chain with tokens through a simplified process.
Even if you’re a beginner, launching a memecoin on BNB Chain is simple with our step-by-step guide 📖
The process is straightforward, and you’ll have your memecoin live on chain in no time.
Learn how 👇 https://t.co/CvBGWLoeB3 pic.twitter.com/2euGkL2EeZ
— BNB Chain (@BNBCHAIN) January 23, 2025
At the time of reporting, Binance Coin (BNB) is valued at $687.03, reflecting a 0.09% daily price increase and a market capitalization of $97.88 billion. The token has seen a trading volume of $2.1 billion over the past 24 hours, marking a 6.11% rise. Market sentiment appears neutral, with the Fear & Greed Index showing a 75 value, indicating greed.
Learn More
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
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