While this statement mentions Lee Jae-myung as the new President of South Korea, that's not accurate. Yoon Suk-yeol is the current President of South Korea, having taken office in May 2022. It's possible there's some confusion, or the information you have might be outdated. However, the part about the ruling party introducing a "Basic Digital Asset Act" is plausible, as South Korea has been actively working on regulating digital assets. To confirm the specifics of this proposed law, it would be best to look for recent news from reliable sources about South Korean legislation on digital assets.

At the "Danang Fintech Summit 2025" on June 7th, the Da Nang Department of Science and Technology received a proposal to pilot the use of USDT (Tether) for international tourists to exchange goods and services. This is one of the ideas Da Nang is exploring through a controlled testing environment (sandbox), aiming to facilitate the operation of new technology models locally before clear legal frameworks are established. Mr. Le Son Phong, Deputy Director of the Da Nang Department of Science and Technology, stated that Da Nang is progressively shaping its role in fostering a sustainable innovation ecosystem, including the fields of blockchain and digital assets. Leveraging its advantageous mechanisms, resources, and open ecosystem, the city plans to implement a sandbox mechanism for groundbreaking technological initiatives, coupled with piloting flexible policy models tailored to the realities of innovation.

Traditional funding mechanisms are experiencing significant cutbacks, particularly in the wake of the Trump administration's decision to cease emergency aid to 14 low-income countries, including Afghanistan, Syria, and Yemen. This critical program, valued at approximately $1.3 billion, saw a substantial reduction in foreign assistance, impacting vital humanitarian efforts and development initiatives in these vulnerable regions. These policy shifts underscore a broader trend of declining international aid, necessitating a strategic reassessment of global development funding and humanitarian response frameworks.

In a significant development, the Model Context Protocol (MCP), a new open-source standard introduced by Anthropic, is emerging as a potential foundational communication layer for AI Agents interacting with the real world. This is particularly relevant given the accelerating convergence of AI and Crypto technologies. To gain a deeper understanding of what the Model Context Protocol entails and its unique features, let's explore it further in this article.

The U.S. Securities and Exchange Commission (SEC) has officially approved options trading for four spot Ethereum ETFs, featuring prominent asset managers like BlackRock, Bitwise, and Grayscale. This landmark decision is poised to enhance market liquidity and broaden investment opportunities for both retail and institutional investors in the burgeoning cryptocurrency ecosystem.

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