News

The world's largest asset management company, BlackRock, purchased more than $600 million worth of Bitcoin last week, with its IBIT ETF attracting $612 million in capital inflows within five days, leading all ETFs. (Bitcoin Archive)

According to ChainCatcher, citing DigitalAsset, the Board of Audit and Inspection of Korea has released the "Audit Report on the Operation and Management Status of the Senior Welfare System," requiring the Minister of Health and Welfare to amend relevant regulations to include digital assets in the property calculation scope for the basic pension review. The Board of Audit and Inspection pointed out that digital assets have clear economic value, but the current basic pension law does not include digital assets within the defined property range, resulting in individuals with large amounts of digital assets possibly still qualifying for basic pension benefits. The Board of Audit and Inspection believes that digital assets should be regarded as property with clearly defined economic value, even if their form differs from traditional financial assets, as there is no distinction in the value of the assets themselves. The Ministry of Health and Welfare agreed, stating that it is necessary to prevent relatively high-income individuals within the lowest 70% income group from receiving basic pension, and concurred that digital assets should be included in the property calculation scope.

Foresight News reported that Justin Sun posted on Twitter, calling for WLFi to publicly disclose the EOA account managing the WLFI smart contract as well as the real identities of the 3/5 multi-signature wallet controllers. He stated that currently, a single individual has the unilateral power to freeze any token holder’s assets. Although withdrawing these assets requires a multi-signature vote with the agreement of 3 out of 5 people, freezing only needs one signature. “Let me make it clear what this architecture means: community governance and voting are meaningless. Every proposal, every vote, every claim about decentralized decision-making is nothing but a show. The real power—to freeze assets, transfer funds, and control the protocol—is in the hands of an anonymous EOA and a 3-out-of-5 multi-signature mechanism accountable to no one. The entire governance framework has been hollowed out from within.”