Privacy public chain Namada stated that it has confirmed the launch of Mainnet on December 3. For the Mainnet genesis (first phase), starting from December 3, users will be able to stake NAM to validators and vote on on-chain governance proposals.

Market News: Vietnamese Prime Minister requested the Central Bank of Vietnam to strengthen monitoring of the gold market.

Odaily Planet Daily News Cosmos ecological Liquidity staking protocol Stride officially announced that it has launched a proposal at the Namada Governance Forum, proposing to include stATOM and stOSMO stakers in the scope of NAM Airdrop. Earlier this month, Namada unveiled its Token NAM Airdrop program, which will allow both ATOM and OSMO staking users to receive NAM Airdrop, but the plan does not take into account users who adopt Liquidity staking schemes. Stride said that users who stake liquidity through stATOM and stOSMO are also "high-level" users in the Cosmos ecosystem and should be treated equally.

On December 8, Namada, a Layer1 protocol focusing on privacy, announced the official launch of the RPGF airdrop, which will be closed at 17:00 on December 28, 2023, and eligible participants can submit their Namada genesis accounts through rpgfdrop.namada.net. The submitted account will be included in the Namada genesis block proposal proposed by the Anoma Foundation, with the corresponding declared NAM tokens. Once the Namada mainnet goes live, RPGF airdrop participants will be able to access their submitted accounts directly on-chain.

The Eight Methods of Gran Nam Wei —— When to Sell (6) When the price falls and rebounds, the price breaks through the 5-day, 10-day, and 30-day moving averages one by one. When the price is running above the 10-day moving average, the distance between the price and the 10-day moving average suddenly widens, and the candlestick appears to shoot stars. It means that the profit is huge in the near future, the bullish power is weakening, the bearish strength is increasing, and the rally will end, and the token should be thrown at this time.

The Eight Methods of Gran Nam Wei —— Selling Timing (5) When the 60-day moving average turns from an uptrend to a flat or downward trend, It indicates that there will be a period of moderate decline in the market outlook, and the token should be sold at this time.

The Eight Methods of Gran Nam Wei —— When to Sell (4) After a long period of trading, the 5-day and 10-day moving averages began to fall. It shows that the strength of the bears is increasing, the market will fall in the future, and the token should be sold.

The Eight Methods of Gran Nam Wei —— When to Sell (1) In an upward trend, the price falls from top to bottom below the 5-day and 10-day moving averages. And the 5-day moving average crosses below the 10-day moving average to form a death cross, and the 30-day moving average has signs of flattening the upward trend. It shows that the bears have an advantage and have broken through the two lines of defense of the bulls, so they should sell their holdings and wait and see.

The Eight Methods of Gran Nam Wei —— When to Buy (Part I) 1. The price curve breaks through the 5-day and 10-day moving averages from bottom to top, and the 5-day moving average crosses through the 10-day moving average to form a golden cross, showing that the strength of the multi-party has increased, and it has effectively broken through the pressure line of the bears. 2. The price curve breaks through the 5-day, 10-day, and 30-day moving averages from bottom to top, and the three moving averages are arranged in a bullish manner, indicating that the multi-party forces are strong, and the rise in the market outlook is a foregone conclusion. 3. In the rising market of strong stocks, the price is consolidating, the 5-day moving average is entangled with the 10-day moving average, and when the price breaks through the consolidation area, the 5-day, 10-day, and 30-day moving averages are again in a bullish arrangement for the buying opportunity.

The Democratic Party of Korea (DPK) has mandated its candidates to disclose their cryptocurrency and crypto backgrounds to the public, such as professional experience and academic background, and the DPJ will verify whether the candidates have interests in virtual assets. The Democratic Party currently holds the majority in South Korea's National Assembly, with 167 of the 300 seats. In May this year, Democratic Party lawmaker Kim Nam-gun was revealed by the media that he owned about 6 billion won (about $4.4 million) worth of Wemix tokens. The controversy forced him to quit the party. （protos）

A proposal to expel South Korean lawmaker Kim Nam-kuk from the National Assembly was rejected on Wednesday due to problems with cryptocurrency transactions, Jinse Finance reported. The differences were along party lines, with members of the ruling People's Power Party and the main opposition Democratic Party unable to reach a consensus. The parliamentary ethics subcommittee was split 3-3 on the motion, short of the majority needed to qualify for expulsion. Kim, who resigned from the Minjoo Party in May to become an independent, has been at the center of a scandal involving his possession of approximately 800,000 WEMIX tokens, which are worth approximately 6 billion won ($4.5 million) in 2021. . The ownership has raised suspicions of potential insider trading, with reports that Kim was actively trading cryptocurrencies during legislative sessions. As previously reported, Kim’s actions sparked an internal investigation by the Democratic Party in May, which subsequently forced him to liquidate his tokens.

According to news on August 30, the Special Committee on Ethics of the National Assembly of South Korea rejected the "dismissal from Congress" punishment case against independent congressman Kim Namju (transliteration) who was involved in a large number of virtual asset transactions. Previously, the Ethics Review Advisory Committee of the Korean Special Committee on Ethics recommended that Kim Nam-ju be fired.

According to PANews news on July 25, according to News1, there are currently 11 members of South Korea who have voluntarily reported virtual asset holdings and transactions to the National Assembly Ethics Review and Advisory Committee, including Minister of Unification Kwon Yong-se, Kwon Young-se, Kim Jong-jae, Lee Yang-soo, Yoo Kyung-joon, Lee Jong-sung, and independent member Huang Baochengxi and other 6 people (all transliterated). After analyzing the cumulative number of virtual asset transactions, total transaction value, transaction items, and standing committees, the Advisory Committee found that at least half of the 11 members of Congress, including Kim Nam-gook, had conflicts of interest. The advisory committee plans to disclose details of 11 virtual asset transactions as early as this week.

According to a News1 report on July 25, 11 members of South Korea have voluntarily declared their ownership of virtual assets and transaction details to the National Assembly Ethics Review Advisory Committee, including Minister of Unification Kwon Yong-se, Kim Jong-jae, Lee Yang-soo, Ryu Kyung-joon, Lee Jong-sung, and Kim Nam-guk (all transliterated). The virtual asset transaction records of these 11 congressmen will be made public within this week.

According to news on July 25, 11 members of South Korea have voluntarily declared their possession of virtual assets and transaction details to the National Assembly Ethics Review Advisory Committee, including Minister of Unification Kwon Young-se, Kim Jong-jae, Lee Yang-soo, Ryu Kyung-joon, Lee Jong-sung, and Kim Nam-guk (all transliterated). 1 parliamentarian's virtual asset transaction record.

South Korea to Require Government Officials to Disclose Crypto Holdings South Korean lawmakers passed legislation on Thursday that requires government officials to report their crypto holdings. This "Kim Nam-kuk Prevention Act" was approved without a dissenting vote and is in response to suspicions that a former Democratic Party lawmaker had up to 6 billion won worth of crypto. The bill will also extend to other high-ranking government officials.

Jinse Finance reported that South Korea’s National Assembly unanimously passed a bill that would empower lawmakers and other senior government officials to declare their holdings of digital assets. The 268 members of the unicameral body unanimously passed the Kim Nam-guk Prevention Act, named after South Korean representative Kim Nam-guk. The bill successfully passed a key committee on Monday and was passed with recent amendments. The amendment requires current members of parliament to disclose all digital assets acquired between the start of their term and May 31 by the end of June. Rep. Chun Jae-soo said traditional assets such as cash, stocks and real estate types of assets are only required to be declared when they exceed 10 million won. With cryptocurrencies, every coin needs to be reported due to unpredictable value fluctuations.

Namada and Osmosis Fund Software Projects and Airdrop Tokens Namada and Osmosis are seeking to collaborate by jointly funding software projects and airdropping NAM tokens to OSMO investors. Namada would provide the funding, while Osmosis would be encouraged to contribute. Namada also seeks to roll out its asset privacy protection on Osmosis, and the Anoma Foundation would earmark some of Namada's staking tokens for airdrops.

Odaily Planet Daily News The South Korean National Assembly’s Administrative Security Committee held its first legislative review subcommittee meeting today to review the Amendment to the Public Officials’ Ethics Act, which requires public officials to register their virtual assets. At the heart of the amendment is the inclusion of cryptocurrencies as assets that should be declared and disclosed by senior public officials, including lawmakers. The scrutiny was sparked by controversy over lawmaker Nam-guk Kim, who quit the Democratic Party after being accused of trading and possessing cryptocurrencies. Unlike cash, stocks, bonds, gold, jewelry, antiques, and memberships, the current Ethics in Public Officials Act excludes virtual assets from property declarations. The committee will hold consecutive plenary meetings on the 24th and 25th of this month in order to finally pass the amendment at the plenary meeting scheduled for the 25th. The Congressional Select Committee on Political Reform will also hold its first bill review subcommittee meeting on the same day to tackle a bill that would include cryptocurrencies in the private interest register of lawmakers. This is done to prevent the appearance of a conflict of interest. (Decenter)

PANews news on May 17, according to News 1, the Political Affairs Committee of the Korean National Assembly passed two resolutions today, that is, members of Congress need to actively declare the details of encrypted asset holdings, and members of Congress need to accept illegality in encrypted transactions. The move aims to dispel public distrust by disclosing details of virtual assets held by all lawmakers amid controversy surrounding the virtual assets held by lawmaker Kim Nam-gook, who recently quit the party, the report said.

Odaily Planet Daily News South Korean congressman Kim Nam-guk, who announced his resignation from the party due to the large-scale virtual asset investment controversy, was reported to the prosecutor's office. On the morning of the 15th, Lee Jong-bae, a member of the Seoul Metropolitan Council, filed an indictment against Kim at the Supreme Prosecutor's Office, accusing him of violating the "Political Funds Act" and "Capital Market Act" and suspected of accepting bribes and other crimes. Once the report is accepted, the case will be assigned to the first-line prosecutor's office. Kim Nam-kuk, a member of South Korea's main opposition Democratic Party, said on Sunday that he would quit the party amid mounting allegations of involvement in large-scale cryptocurrency transactions, previously reported. There are allegations that the first-term MP traded cryptocurrencies while attending at least two meetings of the National Assembly’s Judiciary Committee in May and November last year. (Chosun Ilbo)

PANews May 14 news, according to the "Korea Herald" report, South Korea's main opposition Democratic Party lawmaker Kim Nam-guk said on Sunday that he would quit the party due to mounting allegations of involvement in large-scale cryptocurrency transactions. Kim Nam-guo was revealed to own about 800,000 Wemix tokens worth about 6 billion won ($4.5 million) in 2021, a far cry from his frugal image. Prosecutors have launched an investigation into the matter to determine whether there was any wrongdoing. There are allegations that he traded cryptocurrencies while attending at least two meetings of the National Assembly's Judiciary Committee in May and November last year. Jin Nanguo said that he will demand legal accountability for a large number of false news reports in the past week.

Odaily Planet Daily News South Korea's main opposition Democratic Party lawmaker Kim Nam-kuk (Kim Nam-kuk) said on Sunday that he will quit the party due to mounting allegations of involvement in large-scale cryptocurrency transactions. There are allegations that the first-term MP traded cryptocurrencies while attending at least two meetings of the National Assembly’s Judiciary Committee in May and November last year. Earlier news, according to the "Chosun Ilbo" disclosure, South Korean congressman Kim Nam-guk held 800,000 WEMIX when he proposed to delay the taxation of virtual assets such as cryptocurrencies in 2021, and the highest price exceeded 6 billion won (about 4.55 million U.S. dollars) , which is a far cry from his thrifty image. Prosecutors have launched an investigation into the matter to determine whether there was any wrongdoing. (Korea Herald)