Doohyun Hwang

Drugmaker NovaBay pivots to ‘Stablecoin Development Corporation’…accumulates 1.1 billion SKY tokens

U.S. pharmaceutical company NovaBay Pharmaceuticals has changed its name to Stablecoin Development Corporation (SDEV) and shifted its business focus to digital assets. According to GlobeNewswire on the 3rd (local time), NovaBay changed its ticker on

JPMorgan: Q1 crypto inflows slashed to one-third of last year…both retail and institutions pull back

An analysis has found that the amount of money flowing into the virtual asset (cryptocurrency) market in the first quarter of this year plunged to about one-third of the level seen in the same period last year. According to The Block on the 3rd (loca

US spot Ethereum ETFs see $71.17 million in net outflows...10x the prior day

Outflows from the US spot Ethereum ETF market widened more than tenfold from the previous day. According to data from SosoValue on the 2nd (local time), US spot Ethereum ETFs posted total net outflows of $71.17 million on the day. This compares with

Circle Launches Wrapped Bitcoin ‘cirBTC’

Circle, the issuer of the stablecoin ‘USDC,’ announced the launch of its own wrapped bitcoin, ‘cirBTC,’ as it moves to expand in the institutional digital asset (cryptocurrency) market. On the 2nd (local time), Circle unveiled ‘cirBTC,’ a new asset b

U.S. spot Bitcoin ETFs see net inflows of $8.99 million

The U.S. spot Bitcoin ETF market rebounded, posting modest net inflows. According to Sosovalue on the 2nd (local time), the 12 spot Bitcoin ETFs in the U.S. recorded total net inflows of $8.99 million on the day. It marked a return to net inflows aft

Trump: "The destruction of Iran hasn't even begun"… warns of further strikes on bridges and power plants

U.S. President Donald Trump stepped up military pressure on Iran, warning of additional destruction of key national infrastructure. On the 3rd, via his social media platform Truth Social, President Trump warned, "Our military, the strongest in the wo

Gyeonggi Province moves to introduce a stablecoin—the first among local governments—aiming for “digital finance innovation”

Gyeonggi Province has begun a full-scale push to introduce a stablecoin. The plan is to curb the volatility of crypto assets and build a province-specific digital finance infrastructure through a stablecoin that can be used for everyday payments and

Kakao Pay forms 'AI payments alliance' with Google and Visa…joins the x402 Foundation

Kakao Pay will participate as a founding member in establishing the foundation for the artificial intelligence (AI) agent payment standard, the 'x402' protocol. On the 2nd (local time), Kakao Pay said it has joined the 'x402 Foundation,' launched und

Trump taps confidant Todd Blanche as attorney general nominee… previously held Bitcoin

U.S. President Donald Trump abruptly dismissed Attorney General Pam Bondi and nominated Deputy Attorney General Todd Blanche—who previously served as Trump’s defense counsel in his criminal cases—as the new attorney general. According to CoinDesk on

Dunamu holds graduation ceremony for 4th cohort of Upbit student supporters ‘UpTo’

Dunamu, the operator of digital-asset exchange Upbit, said on the 3rd that it held a graduation ceremony on the 2nd to wrap up activities of the 4th cohort of its Upbit university team supporters program, ‘UpTo.’ The fourth cohort comprised a total o

Debate over a 'new order' for digital assets and AI… 'EastPoint:Seoul 2026' to be held in Seoul on Sept. 28

‘EastPoint:Seoul 2026 (EastPoint:Seoul 2026)’, jointly hosted by global Web3 venture capital firm Hashed, Bloomingbit and The Korea Economic Daily, will be held in Seoul on Sept. 28. Marking its second year, EastPoint is positioned as a platform wher

"The interest payout mechanism is the issue"…Clarity Act’s release delayed as last-minute negotiations drag on

The release of the Clarity Act, a U.S.-backed bill to establish a market structure framework for the digital asset (crypto) market, is being delayed as last-minute negotiations among the crypto industry, the financial sector and congressional staff d

KGeN presents AI training data collection architecture built on a 53 million-user base

Decentralized data infrastructure company KGeN on the 2nd unveiled an AI training data collection architecture that leverages a user network of more than 53 million. KGeN is securing data generated in real-world settings through a user base distribut

World to Hold Global Developer Program 'World Builder 3.0' in South Korea

World (World, WLD) said on the 1st that it will hold its global developer program 'World Build 3.0 (World Build 3.0)' in South Korea for the first time. 'World Build 3.0' is a global program in which developers worldwide build mini apps that can be u

Bdan turns profitable three months after acquisition… “operating profit of 2.8 billion won achieved”

Bdan (Bdan), the Busan Digital Asset Exchange, said on the 1st that it posted operating profit of about 2.82 billion won last year, successfully returning to the black just three months after being acquired. Bdan’s platform is a precious-metals tradi

[Key Economic & Crypto Events This Week] Fed Chair Jerome Powell Speech, etc.

<Next week’s key economic calendar> ▶︎March 30 (Mon): △Speech by Jerome Powell, Chair of the U.S. Federal Reserve (Fed) (23:30 KST) ▶︎March 31 (Tue): △European Union (EU) March Consumer Price Index (CPI) (18:00 KST) △U.S. Department of Labor February

Turkey abruptly withdraws crypto tax plan... "Concerns over capital flight"

Turkey’s parliament has abruptly scrapped plans to levy taxes on cryptocurrency transactions. The move follows mounting concerns that, amid strong opposition from the opposition bloc and the industry, the measure could trigger significant side effect

BNP Paribas launches Bitcoin and Ethereum ETNs

BNP Paribas, France’s largest bank, is stepping up its push into digital assets by launching a crypto exchange-traded note (ETN) investment service for retail customers. On the 26th (local time), BNP Paribas’ Commercial Banking division announced tha

Peter Schiff: 'Bitcoin-collateralized loans fuel a housing market bubble'

Peter Schiff, a prominent Bitcoin (BTC) skeptic and chief economist at Euro Pacific Capital, criticized crypto-backed mortgages, saying they are stoking a housing market bubble and increasing the risk of household debt distress. On the 28th (local ti

Pentagon prepares for ground operation in Iran… “Considering deploying forces to Kharg Island”

It has been confirmed that the U.S. Department of Defense is drawing up plans for a multi-week ground operation targeting nuclear facilities and key military hubs inside Iran. Depending on whether President Donald Trump gives final approval, the Midd

Canada Moves to Impose Blanket Ban on Political Donations in Crypto Assets

The Canadian government has introduced legislation to block political fundraising via crypto assets (cryptocurrencies) outright. The move comes amid concerns that the anonymity of crypto assets undermines transparency in political financing and could

Washington State in the US sues prediction market Kalshi… “No different from illegal gambling”

Prosecutors in Washington State in the United States have filed a lawsuit against prediction-market platform Kalshi, alleging illegal gambling operations and false advertising. The move reflects their view that the platform’s actual operating model i

Sen. Lummis: “The CLARITY Act will protect DeFi”

A debate is continuing in the U.S. Senate over how broadly the proposed crypto-asset (cryptocurrency) market structure bill known as the CLARITY Act would protect decentralized finance (DeFi) developers. On the 27th (local time), Republican Sen. Cynt

US spot Ethereum ETFs see fund outflows for an 'eighth straight day'

The US spot Ethereum exchange-traded fund (ETF) market has fallen into a deep slump, posting net outflows for eight consecutive trading sessions. According to SosoValue on the 27th (local time), a total of $48.54 million flowed out of the 10 spot Eth

US spot Bitcoin ETFs see net outflows for a second straight session...$201.53 million exits BlackRock

US spot Bitcoin exchange-traded funds (ETFs) posted net outflows for a second consecutive trading session. According to SosoValue on the 27th (local time), a total of $225.48 million in net outflows was recorded across 12 spot Bitcoin ETFs trading in

U.S. Democrats urge probe into Bitmain, citing “national security threat from Bitcoin mining rigs”

U.S. Democrats have raised national security concerns about China-linked Bitcoin mining equipment maker Bitmain and are urging a government response. According to Bloomberg on the 27th (local time), Democratic Sen. Elizabeth Warren sent a letter on t

Morgan Stanley confirms 0.14% fee for spot Bitcoin ETF

U.S. investment bank (IB) Morgan Stanley has set the management fee for its in-house spot Bitcoin exchange-traded fund (ETF) at the lowest level in the market. The strategy is to leverage its dominant wealth management (WM) network with price competi

U.S. Senate to Release Stablecoin Reward Proposal Next Week

The U.S. Senate is expected to release detailed information next week on stablecoin-related rewards. However, with industry pushback continuing, further coordination appears inevitable. According to Eleanor Terrett, host of Crypto in America, on the

U.S. House pushes 'tax-free' treatment for small stablecoin payments... Bitcoin excluded

'Tax-free' for stablecoin payments under $200 Bitcoin excluded… controversy over differential taxation by coin The U.S. Congress is moving to exempt small stablecoin transactions from taxes in a bid to lower the barriers to using virtual assets (cryp

Trump: "Bitcoin is very powerful… the US must lead"

US President Donald Trump stressed the need for the United States to take the lead in responding as the influence of virtual assets (cryptocurrencies), including bitcoin, is expanding rapidly. Speaking on the 27th (local time) at the Future Investmen