According to a report by South Korean media on March 7th, the South Korean Financial Services Commission is drafting a "Guideline for Corporate Virtual Currency Trading," which may exclude stablecoins from the scope of permitted investments. The guideline will outline the standards for listed companies and registered professional investment firms trading digital assets for investment or financial purposes. To prevent blind investment in the early stages of the market, the regulator has decided to exclude dollar-denominated stablecoins (such as Tether (USDT) and USDCoin (USDC)) when defining the scope of permitted investments.

According to Odaily Planet Daily, monitoring by Ember, Spark transferred 570,000 USDS to a new multisignature wallet the day before yesterday and made multiple small purchases of $SPK through the TWAP function of CoW Swap. As of now, it has repurchased 1.84 million SPK, worth approximately $36,000. Spark's repurchase mechanism is as follows: $35 million is reserved in the treasury as an operating reserve, and 10% of the remaining funds are allocated monthly for SPK repurchases, planned to continue for 12 months.

Huoxun Finance reported on March 7th that, according to SoSoValue data, Bitcoin spot ETFs saw a total net outflow of $349 million yesterday (March 6th, Eastern Time). The Bitcoin spot ETF with the largest single-day net outflow was Fidelity ETF (FBTC), with a net outflow of $159 million, bringing FBTC's historical total net outflow to $153 million. This was followed by BlackRock ETF (IBIT), with a single-day net outflow of $143 million, bringing IBIT's historical total net inflow to $660 million. As of press time, the total net asset value of Bitcoin spot ETFs was $87.075 billion, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.39%, and a historical cumulative net inflow of $55.369 billion.

According to SoSoValue data, on March 7th, the SOL spot ETF saw a total net outflow of $8.2255 million yesterday (March 6th, Eastern Time). Among them, the Invesco Galaxy Solana ETF (QSOL) saw a net inflow of $426,900, bringing its historical total net inflow to $2.1473 million. The Fidelity Solana Fund ETF (FSOL) saw a net outflow of $4.9974 million, bringing its historical total net outflow to $10.2586 million. As of press time, the total net asset value of the SOL spot ETFs was $807 million, with an SOL net asset ratio of 1.66%, and a historical cumulative net inflow of $958 million.

According to Odaily Planet Daily, the South Korean Financial Services Commission is currently drafting "Guidelines for Corporate Virtual Currency Trading," which will exclude stablecoins from the scope of investment permits. These guidelines aim to allow listed corporations and professional investment registered corporations to conduct digital asset trading for investment or financial purposes. To prevent disorderly investment in the early stages of the market, the authorities have decided to exclude USDT, USDC, and other USD-denominated stablecoins from the permitted scope. One reason for this exclusion is that the current South Korean Foreign Exchange Transaction Law does not recognize stablecoins as a means of foreign exchange payment. Including stablecoins in the investment permit scope would conflict with the existing legal system, effectively allowing companies to use stablecoins for trade and other commercial purposes. The South Korean National Assembly is currently reviewing an amendment to the Foreign Exchange Transaction Law, which proposes to recognize stablecoins as a means of payment; this bill was proposed last October. It is understood that some listed companies with a high proportion of trade have requested that stablecoins be included in the permitted scope so that they can use stablecoins for foreign exchange hedging. Even if excluded from the guidelines, companies can still trade stablecoins through personal wallets or overseas exchanges. Industry insiders revealed that the relevant working group has completed its work, but the release time of the guidelines is linked to the legislative process of the Basic Law on Digital Assets.