Korean KOLs Drive $USELESS Token Rally Amid Market Shift

2 min

Market Overview

South Korea continues to impact altcoin markets significantly. The recent focus is on the token USELESS, driven by Korean KOLs. Key points include:

The token has gained traction due to early investments from notable figures like Yeomyung.
Retail investors in Korea are engaging in copy-trading based on successful wallets.
The behavior of Korean users reflects a maturation into global market players.

President Trump endorsed the GENIUS Act, aimed at regulating stablecoins, highlighting its potential for U.S. leadership in digital assets. Key details include:

The bill establishes reserve and compliance requirements for dollar-backed stablecoins.
Its bipartisan passage in the Senate is seen as a significant crypto legislative step.
Concerns remain regarding potential House amendments that may alter its scope.
Critics highlight fragmented oversight and exclusion of interest-bearing stablecoins as flaws.

Coinbase Developments

Coinbase launched Coinbase Payments, enabling merchants to accept USDC payments seamlessly. Highlights include:

The service operates on Coinbase's Ethereum layer-2 network, Base.
It aims to modernize payment processes alongside competitors like Stripe and PayPal.
USDC issuer Circle saw a 25% stock increase following the announcement, while Coinbase shares rose 16%.

Market Movements

BTC: Bitcoin rebounded above $105,000 with strong ETF inflows.
ETH: Ethereum increased 4%, supported by record staking.
Gold: Gold slipped 0.19% amid steady Fed rates.
Nikkei 225: Japan’s Nikkei 225 fell 0.27% influenced by mixed market conditions.
S&P 500: The S&P 500 dipped 0.03% as uncertainty over tariffs persists.