DATA: 🇰🇷South Korean crypto exchanges hold 566,352 accounts belonging to foreign nationals, but only 90 were active last month. Just 517 accounts, or 0.09%, had completed KYC verification, with most believed to predate the country’s effective ban on foreign crypto investment in 2021.

JUST IN: 🇺🇸 The SEC proposes "Regulation Crypto Assets," creating a tailored securities offering regime for certain crypto investment contracts. The rules include two exemptions: up to $5M over 4 years, and up to $75M per 12-month period.

APR (aPriori) is today's wild card — surging ~84% after announcing it repurchased 5.3% of its total token supply from early investors, nearly 19% of circulating supply, which sharply tightened available liquidity. Meanwhile BTC ($63.6K) and ETH ($1,881) stay calm, and all eyes are on the SEC's crypto investment-contract rules meeting happening today — a potential regulatory shift that could matter far more than any single altcoin pump. 🎯