In recent crypto news, South Korea's central bank, the Bank of Korea, has confirmed that it has not considered or reviewed including Bitcoin as part of its foreign exchange reserves due to its high volatility. Officials stated that a cautious approach is necessary, echoing concerns about potential instability in the cryptocurrency market and rising transaction costs in the event of cashing out Bitcoin. Additionally, Jameson Lopp, the chief security officer at Casa, has argued against the use of quantum computers for restoring lost Bitcoin, emphasizing that it undermines the core values of the network, such as security and immutability. Meanwhile, Hayden Davis, a co-creator of the Libra token, launched a new Solana-based memecoin named Wolf, which saw an alarming 99% collapse shortly after reaching a peak market cap of $42 million. This drop was attributed to 82% of the token's supply being controlled by the same entity, raising concerns about insider trading activities similar to previous token launches by Davis.

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