KAIA soars after South Korean stablecoin bill boosts institutional confidence

KAIA token experienced a sharp surge following the announcement of new South Korean regulations for stablecoins, signaling market optimism towards regulatory clarity in the region. While whale activity has slowed, institutions are showing continued interest in the cryptocurrency, as evidenced by a rise in open interest on derivatives platforms like Binance. The price increase is attributed to increased confidence in the potential benefits of the bill for local crypto projects.