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People who keep their cool and don't give in to doom are my favorite type of people They are ones that have accepted that all markets expand and correct Now that doesn't mean never expect a bear market, it just means that data is the driving force of a person and not emotions

Noble’s New ‘AppLayer’ Lets Developers Build Stablecoin Tools on Celestia A new type of rollup technology might be able to solve Ethereum fragmentation. (Luigi Pozzoli/Unsplash)

How to Protect Yourself 🔒 ✅ Never share your seed phrase. No one legitimate will ask for it. ✅ Double check URLs. Phishing sites look identical to real ones. ✅ Use hardware wallets. Cold storage protects against most phishing scams. ✅ Manually type website URLs. Avoid

Mitsubishi UFJ Trust and Banking Corporation (MUFG) is preparing to make history in Japan’s digital finance world. The country’s largest trust bank has now entered the final phase before officially launching the first stablecoin that fully complies with local regulations. The stablecoin will be pegged to the Japanese yen (JPY) and built on the Progmat Coin platform, a digital infrastructure system specifically designed to allow licensed financial institutions to issue and manage stablecoins safely and legally. Since the Japanese government updated the Payment Services Act in mid-2023, the gap for traditional banks to enter the stablecoin market has been wide open. MUFG immediately stepped on the gas. They realized that a moment like this would not come twice. Through its trust license, MUFG has become a pioneer that is now paving the way for banks and other institutions to issue stablecoins that are not just digital tokens, but legal tender protected by law. On the other hand, CNF previously reported that the Japanese authorities, in this case the Japan Financial Services Agency (FSA), are currently working on a revision to the Financial Instruments and Exchange Act. The goal is clear: to give full legal recognition to crypto assets like Bitcoin. No longer seen as mere digital speculation instruments, but as legal financial products—like stocks or bonds. Just imagine if Bitcoin were in the same category as government bonds. Regulations would be tighter, yes, but public trust would also be boosted. Furthermore, the FSA has also just proposed that digital assets be divided into two categories. The first type is intended for tokens used in project fundraising, while the second type includes decentralized crypto assets like Bitcoin and Ethereum. This move is no small talk; Japan seems to want to ensure that its approach to the crypto world is more organized, transparent, and in line with global trends. Interestingly, MUFG is not alone. They have also partnered with a number of strategic partners, such as Bitbank, SBI Holdings, and GMO Aozora Net Bank. There are even plans for international collaboration, especially with developing countries, to use this stablecoin in cross-border trade settlements. The goal? Avoiding the high costs and slow processes of the traditional banking system. Have you ever waited three days for an international transfer? Well, MUFG wants to cut that down to seconds. Meanwhile, from the private industry side, there is also Remixpoint—an energy consulting firm that is currently being widely discussed. In February, this company increased its crypto holdings by more than 8,000% in nine months. The amount almost touched 10 billion yen. They use crypto as a hedge against yen depreciation. Not only that, Remixpoint has also started to be active in digital currency transactions. If in the past they only talked about electricity and energy, now they are talking about blockchain and volatility. Judging from all these steps, Japan is re-polishing its image in the global crypto space.

An anonymous NFT collector has suffered a $10 million loss after selling one of the rarest CryptoPunks on Thursday. On-chain data shows that Punk #3100 changed hands for 4,000 ETH, translating to approximately $6.07 million via a private transaction on the official CryptoPunks marketplace. The NFT is one of just nine Alien Punks in the original 10,000-piece CryptoPunks collection created by Larva Labs in 2017. Recognized for its distinctive blue skin and bandana, the Alien Punk is part of the most sought-after group in the NFT space. Blockchain data from Arkham Intelligence shows that this particular NFT previously sold in March of last year for 4,500 ETH, then valued at more than $16 million. The sale ranks as the third most expensive single NFT transaction by dollar value. Just days after that transaction, Punk #7804 exchanged for 4,850 ETH worth roughly $16.42 million at the time, marking the second-largest deal in the collection’s history. However, due to Ethereum’s price drop over the past year, Thursday’s 4,000 ETH sale amounted to just over $6 million, resulting in the seller making a $10 million loss from the transaction. While the parties in the exchange remain unidentified, Etherscan records show that the purchasing wallet received 4,001 ETH from an account labeled “Coinbase Prime 2” shortly before the sale. Alien CryptoPunks continue to dominate the top end of the NFT market. They are the rarest type in the collection, even more than the 88 Zombie Punks or the 24 Ape Punks. The top seven of the highest-value on-chain CryptoPunk sales involve these variants. Despite their status, CryptoPunks have not been immune to the broader downturn in the NFT market. Data from NFT Price Floor shows that their asking price has dropped nearly 43% in the last three months, currently sitting at $71,031. This figure marks a notable decline from the collection’s peak in November 2021, when the figure exceeded $400,000. Originally offered for free in 2017, the digital assets have evolved into cultural symbols of the early NFT era. In 2022, the intellectual property rights were acquired by Yuga Labs, creator of the Bored Ape Yacht Club. Earlier this year, speculation swirled about a possible sale of the product’s IP. However, Yuga Labs co-founder Greg Solano dismissed the rumors, stating that while many parties had approached the company, there were no plans to divest any time soon.