Doohyun Hwang

South Korea Says Cutting Uncertainty, Aligning Rules Are Key to Growing Blockchain Industry

Science Ministry Says It Will Improve Rules to Reflect Corporate Difficulties Financial Regulator Says Ministries Need Common Definitions for Rules South Korea’s government is reviewing ways to reduce regulatory uncertainty that it says is holding ba

Blockchain Should Be Fostered as AI Trust Infrastructure, Not Just Regulated

National Assembly forum on promoting the AI and blockchain industries "Blockchain can secure trust in AI data" South Korean lawmakers and industry officials said at a National Assembly forum that blockchain should be fostered as a core industrial tec

Coinone Links Crypto Price Service to Korea Investment App

Users of Korea Investment & Securities Co.'s mobile app can now view virtual-asset price information from Coinone. Coinone, a South Korean virtual-asset exchange, said Wednesday that it has launched a Virtual Asset Prices service linked to the Korea

a16z Launches $1.1 Billion Machine Age Fund, Expands AI Hardware Infrastructure Push

Andreessen Horowitz, the global venture capital firm known as a16z, has launched a new $1.1 billion fund focused on artificial intelligence hardware and computing infrastructure. It also expanded its growth-stage technology fund to $8.5 billion. a16z

Kakao Group to Add Stablecoin Functions to KakaoPay Wallet Used by 43 Million

Kakao Group said on September 9 that it has developed technology allowing users to store and trade on-chain assets such as stablecoins through the KakaoPay wallet. The group aims to use the payment and banking infrastructure of KakaoPay and KakaoBank

Bitcoin Nears $80,000 as US August CPI Set to Decide Whether Crypto Rebound Holds

Aug. 11 August CPI Due at 8 p.m. Forecast to Rise 0.4% From a Month Earlier Focus on Core Inflation and Rate-Hike Risk With Bitcoin nearing the $80,000 mark, the US consumer price index for August is emerging as a key test of whether the rebound in d

This Week’s Key Economic and Crypto Events: US August CPI Ahead

<This week’s key economic events> All times in parentheses are in Korea Standard Time. ▶︎Sept. 7 (Mon.): △US financial markets closed for Labor Day △Eurozone second-quarter gross domestic product (6 p.m.) ▶︎Sept. 8 (Tue.): △South Korea second-quarter

Binance Alpha to Support Canopy Trading on Sept. 7, Offer Points-Based Airdrop

Binance Alpha will begin supporting Canopy, or CNPY, trading on Sept. 7. Binance Wallet said in an official X post on Sept. 6 that Binance Alpha will be the first platform to support Canopy. It also announced an airdrop for eligible users, with detai

Rushing to Adopt Foreign AI Could Leave Korea’s Manufacturers Dependent on Big Tech

Relying solely on foreign artificial intelligence in factories may not be enough to preserve the competitiveness of South Korea’s manufacturing sector, according to a new report. As global technology companies bundle semiconductors, cloud infrastruct

Blockchain Industry Must Find Sustainable Revenue Models Rather Than Just Cut Fees

The cryptocurrency industry needs to move beyond competing to lower trading fees and instead build sustainable revenue models, according to Nina Long, executive vice president of growth at BNB Chain. Without a business structure to support them, cont

Pump.fun Daily Revenue Slumps as Memecoin Trading Shifts to Rival Platforms

Daily revenue at Pump.fun, the Solana-based memecoin issuance platform, has fallen sharply in recent weeks. As trading that pairs memecoins with stock tokens gains traction, some demand is shifting to rival platforms. Blockworks product revenue chart

Bitcoin-Gold Correlation Climbs to Highest in Nearly Six Years, Overtaking Nasdaq

Bitcoin's price correlation with gold has strengthened to its highest level in nearly six years. At the same time, its correlation with the tech-heavy Nasdaq 100 Index has fallen to the lowest level in a year. The shift suggests a growing view of Bit

Ether Reclaims $2,500 Level After Three Days

Ether has regained the $2,500 level for the first time in three days. As of Sept. 5, Ether was trading at $2,501 in Binance's Tether (USDT) market, up about 2% from a day earlier. Ether has now moved back above $2,500 for the first time since Sept. 2

Putin Holds More Than 3-Hour Talks With US Envoys, but No Breakthrough on Ending Ukraine War

Russian President Vladimir Putin met for more than three hours with US negotiating representatives to discuss ways to end the war in Ukraine. Russia described the talks as useful, but no concrete agreement or breakthrough was disclosed. Reuters repor

Zcash Tops $1,000 for First Time as Grayscale ETF Inflows Spur Rally

Zcash (ZEC) rose above $1,000 for the first time, driven by rapid inflows into Grayscale’s Zcash exchange-traded fund and a wave of new computing power entering the mining network. On Sept. 4, Zcash climbed as high as $1,086 intraday on Binance’s USD

India's State-Run REC Pursues First Tokenized Bond Sale of Up to $53 Million

India's state-run power finance company REC is pursuing a blockchain-based tokenized bond sale, which would be the first of its kind in the country. REC is soliciting investor bids for tokenized bonds worth as much as 5 billion rupees, or about $53 m

Southeast Asia Blockchain Funding More Than Doubles From Year Earlier as Deal Count Drops by Half

Southeast Asian blockchain companies have raised more than twice as much funding as a year earlier, even as the number of deals fell by nearly half. The uneven trend suggests the market has yet to stage a broad recovery, with capital concentrated in

US Spot Ether ETFs Extend Inflows to Second Day; BlackRock Funds Add $74.23 Million

US spot Ether exchange-traded funds posted net inflows for a second consecutive trading day. US spot Ether ETFs recorded total net inflows of $26.46 million on Sept. 4, according to data from SoSoValue. That was down about 81.3% from the previous day

U.S. Spot Bitcoin ETFs Extend Inflow Streak to Three Days, Pulling In $1.01 Billion

U.S. spot Bitcoin exchange-traded funds posted net inflows for a third straight trading day. While daily inflows slowed from the previous session, more than $1 billion flowed into the funds over the three-day stretch, signaling continued investor dem

Anthropic Pushes Back IPO, Eyes Mid-October Launch of Offering

Anthropic, the developer of the generative artificial intelligence model Claude, has pushed back its initial public offering timeline. The company now plans to release its prospectus in late September, later than the as-early-as-next-week timing prev

Robinhood Chain Data Posting Delayed; Arbitrum Says Trading Unaffected

A temporary delay affected data posting on Robinhood Chain, an Ethereum layer-2 blockchain. Arbitrum said the issue did not affect user trade processing and that the network continued to operate normally without any outage. Arbitrum wrote on its offi

Robinhood CEO Tenev Says Tokenization Can Break Down Financial Borders, Open US Assets to Global Investors

Vlad Tenev, Robinhood's co-founder and chief executive officer, said tokenization should open high-quality US financial assets to investors around the world. In a post on X on September 4, Tenev wrote that everyone should be able to access high-quali

Router Protocol to Shut Down After Four Years, Burn 303.3 Million ROUTE Tokens

Web3 Liquidity Squeeze Forces Shutdown Full Service Termination by Sept. 30 Cross-chain infrastructure project Router Protocol will shut down after more than four years, citing weak liquidity in the Web3 market and high operating costs. Trading suppo

Anthropic to File IPO Registration as Soon as Next Week, Eyes $2 Trillion Valuation

Could Debut on the New York Stock Exchange as Early as Late September A Test of Investor Appetite for AI Anthropic, the developer of the generative artificial intelligence model Claude, plans to make its initial public offering registration public as

Bitwise CIO Says ‘DeFi Summer 2.0’ Is Coming, Sees Usage Rising 10-Fold

Decentralized finance may be entering a new growth phase as Uniswap usage surges on Robinhood’s proprietary blockchain. If the US regulatory environment improves and financial firms adopt blockchain technology more broadly, DeFi usage could grow to m

QuFi Network Launches Verification Platform to Counter Quantum-Computing Threats

Post-quantum infrastructure company QuFi Network has launched a verification platform designed to guard against threats from quantum computers without requiring changes to existing blockchain networks. Cointelegraph reported on September 4 that QuFi

Soilonic Token Offers 1 Kilogram of Soil Per Coin, 35 Kilograms After 10 Years

Interview with Benjamin Eymere, Soilonic co-founder One token gives the holder rights to 1 kilogram of soil Rights rise to 35 kilograms after 10 years Half of sale proceeds go to regenerative farms Launch set for November; company seeks South Korean

Neutral Flags Reserve-Asset Liquidity Problems, Plans Early NUSD Redemptions

Neutral, a decentralized finance protocol, said liquidity problems have emerged in investment positions used to manage its reserve assets. It currently has about $27 million in liquid assets available for immediate use. The amount that can be recover

Bitcoin ETFs Post $201.81 Million Outflow as Altcoin Funds Extend Inflow Streak

Bitcoin products were the only segment of the U.S. spot cryptocurrency ETF market to post a large net outflow, while ETFs tied to Ether, XRP, Solana and Hyperliquid continued to draw money. Data from SoSoValue for Aug. 28 showed U.S. spot crypto ETFs

US Spot Bitcoin ETFs See $201.8 Million Outflow as Ether Funds Extend Inflow Streak to 10 Days

U.S. spot Bitcoin exchange-traded funds snapped their inflow streak on Aug. 28, while spot Ether ETFs continued to attract fresh money. The Ether funds logged more than $100 million in net inflows even as the cryptocurrency fell more than 3%. Data fr