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Web3 infrastructure company KGeN announced on the 29th that it has surpassed annual recurring revenue (ARR) of $34 million two and a half years after its launch. KGeN is a decentralized verification protocol with users in over 100 countries and more
Fenwick & West, the U.S. law firm that served as legal counsel to cryptocurrency exchange FTX, has asked the court to dismiss a lawsuit alleging that it is responsible for the collapse of FTX. On the 28th (local time), according to Decrypt, Fenwick s
Domestic virtual asset (cryptocurrency) exchange Coinone said on the 29th that it has launched a Bitcoin (BTC) Flexible Staking product. Coinone Bitcoin staking is launched as a 'Flexible Staking' product. This is a product where rewards are accrued
The three major New York stock market indices closed higher. The Standard & Poor's (S&P) 500 index surpassed the 6500 level for the first time in history. NVIDIA's revenue outlook failed to meet expectations, but investor sentiment for artificial int
Cryptocurrency asset manager 21Shares (21Shares) submitted S-1 registration documents to the U.S. Securities and Exchange Commission (SEC) on the 28th (local time) for the launch of a Sei (SEI) spot exchange-traded fund (ETF). On that day, 21Shares s
Blockchain Leaders Summit Tokyo 2025 Japan Financial Services Agency proposes clear Web3 regulations "Will create a sound capital management environment" Japanese industry: "Web3 environment greatly improved" Global blockchain venture capital firm Ha
David Katz, Vice President of Circle, stated that innovation is accelerating as countries are actively establishing Web3 regulations. Circle is the issuer of 'USDC,' which holds the second-largest share in the global stablecoin market. At 'BLS Tokyo
Caroline D. Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), assessed that the United States is experiencing a new turning point in the virtual asset (cryptocurrency) sector following the inauguration of the Donald Trump ad
Japanese companies Densan System and Sumitomo Mitsui Financial Group (SMFG) have begun earnest efforts to establish a digital payment infrastructure centered on stablecoins. Both parties agreed that rather than pushing forward with individual initiat
Kim Seo-joon, CEO of Hashed, emphasized the potential of the Japanese Web3 market. He stated, "Japan is like a sleeping lion in the Web3 market," and added, "Yen-based stablecoins and animation intellectual property (IP) are the two key opportunities
The Ethereum (ETH) spot ETF ended a four-day streak of capital outflows and switched to net inflow. While outflows continue in Bitcoin spot ETFs, there appears to be a clear shift of funds into Ethereum. According to data from trader T on the 21st (l
Shirish Jajodia, Chief Corporate Finance Officer at Strategy, stated, "Strategy is buying Bitcoin almost every moment." Jajodia said on the Coin Stories podcast on the 21st (local time), "We actually buy Bitcoin 24 hours a day, every day, every hour,
Ripple and Japanese financial group SBI Holdings announced on the 22nd that they have signed a memorandum of understanding (MOU) to supply the dollar-pegged stablecoin 'Ripple USD (RLUSD)' to the Japanese market. This partnership will be carried out
Recent weeks have seen analysis indicating that Ethereum (ETH) has outperformed Bitcoin (BTC). According to The Block on the 21st (local time), JPMorgan cited four factors driving Ethereum's upward trend: △ETF inflows △corporate balance sheet adoptio
Capital outflows from U.S. Bitcoin (BTC) spot ETFs have continued for the fifth straight day. In particular, large-scale withdrawals have occurred from the products of BlackRock, ARK Invest, and Fidelity. According to data from TraderT on the 21st (l
Coinbase-operated Ethereum (ETH) Layer 2 blockchain 'Base (BASE)' has hinted at the possibility of issuing stablecoins based on local currencies, including the Korean Won (KRW). The move is driven by the belief that bringing local currencies on-chain
Optimism has been raised that Bitcoin (BTC) could reach $175,000 by the end of the year. On the 21st (local time), Leah Wald, CEO of SOL Strategies, stated in an interview with CNBC-TV18, "Bitcoin could climb to around $175,000 by year-end," adding,
Dunamu, the operator of the cryptocurrency exchange Upbit, announced on the 22nd that it has launched Upbit's official Korean Telegram channel. Upbit plans to deliver announcements and major news to users more promptly and transparently through the T
Virtual Asset Prices Fall Across the Board "If No Indication of Cuts at Jackson Hole, Profit Taking Likely" As senior officials of the Federal Reserve System have consecutively expressed cautious views, expectations for a rate cut in September have w
Ben Waxman, a Democratic member of the Pennsylvania House of Representatives, has proposed a bill (HB1812) to prohibit public officials from earning profits from virtual assets (cryptocurrencies) while in office. On the 21st (local time), Cointelegra
The Commodity Futures Trading Commission (CFTC) has fully launched a 'crypto sprint' to implement the recommendations of the Presidential Working Group on Financial Markets for Digital Assets. Caroline D. Pham, the Acting Commissioner of the CFTC, is
A new provision restricting the issuance of central bank digital currency (CBDC) has been added to the National Defense Authorization Act (NDAA), a must-pass bill in the US Congress. The NDAA is legislation that approves the Department of Defense bud
Korea, China, and Japan compete to issue domestic currency stablecoins Moves to counter the 'dollar-backed' 99% market dominance Korea faces differing views with the Bank of Korea… 'Will take time' Major East Asian countries such as Korea, China, and
Announcement of Five-Year National Policy Plan Promotion of Stablecoin Regulation, Spot ETFs, and Token Securities Strengthening industry competitiveness through Basic Blockchain Law and Innovation Roadmap The Lee Jae-myung administration is speeding
Bitcoin and Ethereum Plummet After Setting Record Highs Investor Sentiment Cools Due to Macroeconomic Uncertainty Will Powell Mention a Rate Cut at Jackson Hole? The virtual asset (cryptocurrency) market has entered a correction phase as prices turne
XRP has recently been trading around the $3 mark, drawing intense attention from the market. As the prolonged legal battle with the U.S. Securities and Exchange Commission (SEC) concludes, investor expectations are rising. Some are presenting a rosy
Bitcoin's market dominance has recently fallen to its lowest level in six months, while the market capitalization of altcoins has surged more than 50% since last July, fueling expectations for an 'Altcoin Season.' David Duong, Head of Institutional R
<Today's Major Economic Schedules> ▶15th (Fri): △South Korea Liberation Day △Japan Q2 GDP (KST 08:50) △United States July Retail Sales (KST 21:30) <Today's Major Crypto Schedules> ▶15th (Fri): △Avalanche (AVAX) Token Unlock △NexSpace (NXP) BingX Aird
Over the past 30 days, institutional investors have bought more than 47 times the amount of Ethereum (ETH) newly issued. Analysis suggests that this large influx of Ethereum, mainly by institutions, is driving a supply shortage and serving as a key f
On the 14th (local time), the US Bitcoin spot ETF market recorded a total net inflow of $230.55 million (about ₩230.5 billion). While BlackRock led the inflow trend, major asset managers such as Fidelity and ARK Invest showed large net outflows, refl