In a dramatic turn of events, the ZKJ token of Polyhedra Network experienced an unprecedented drop of 83%, reaching a minimum of $ 0.3073. This drop was triggered by abnormal commercial activities and liquidity withdrawals associated with its counterpart, Koge, who also underwent a sharp drop. The situation has intensified while the main holders withdrew significant quantities of chain pools, causing a liquidation cascade. Meanwhile, Metaplanet has announced its intention to issue $ 210 million in zero interest bonds to finance Bitcoin purchases, reflecting growing interest in cryptocurrency investments. In Vietnam, the government has taken measures to regulate the digital economy by transmitting the law on digital technology industry, which recognizes cryptographic assets and aligns with global standards for the fight against money laundering. This legislation aims to provide a clearer framework for the cryptography sector, potentially improving the position of Vietnam with the financial action working group. In addition, BNB showed resilience, exchanging over 650 USDT with a slight increase. These developments highlight the volatility and the evolution of the cryptocurrency market landscape, while stakeholders are sailing on challenges and opportunities.
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