Doohyun Hwang

Global comprehensive blockchain gaming platform GGI (Galaxy Girl Interactive) announced on the 25th that it has formed a partnership with Kaia DLT Foundation to activate Dapp Portal and Mini Dapp services within LINE messenger based on the Kaia blockchain. The core of this collaboration is launching competitive Mini Dapp Web3 games incubated by GGI on LINE messenger's Dapp Portal, with GGI seeking cooperation with more outstanding domestic and international projects. On January 22nd, Kaia, in collaboration with LINE NEXT, launched the Dapp Portal enabling direct Web3 service usage on LINE messenger, along with the initial 30 Mini Dapps. Through this partnership, GGI will receive support from the Kaia Wave program, which is establishing Asia's largest Web3 ecosystem. Kaia Wave is generating high synergy with Web3 developers and partners in major Asian Web3 markets including South Korea, Japan, Hong Kong, Taiwan, and Macau. Going forward, GGI plans to continue efforts for Asian Web3 gaming industry development by utilizing Kaia Wave's business network and ecosystem resources in these countries. Jade Zhang, CEO of GGI Group, stated, "This partnership is expected to be a crucial turning point in GGI's business expansion," adding, "The combination of Kaia's strong market accessibility and GGI's advanced gaming technology will provide the best Web3 gaming experience to millions of players across Asia." Sang-min Seo, Chairman of Kaia DLT Foundation, said, "The collaboration with GGI perfectly aligns with Kaia's goals of supporting Web3 developers and innovating blockchain technology user experience," adding, "Through this partnership, the foundation will open new possibilities in blockchain game development and community building, further diversifying practical Web3 use cases."

U.S. Ethereum (ETH) spot ETFs experienced net outflows for two consecutive trading days. According to data from Farside Investors on the 21st (local time), Ethereum spot ETFs traded in the United States recorded a total net outflow of $8.9 million. Only Bitwise ETHW recorded net outflows, while other ETFs showed no net inflows or outflows. On this day, Ethereum was trading at around $2,690 on the Binance USDT market, down 2.2% compared to the previous day.

US Bitcoin (BTC) spot ETFs have experienced net outflows for 4 consecutive trading days. According to data from TraderT on the 21st (local time), Bitcoin spot ETFs traded in the US recorded total net outflows of $62.81 million. While BlackRock's IBIT ($21.61 million) and VanEck's HODL ($4.71 million) saw net inflows, Grayscale's GBTC ($60.08 million), Bitwise's BITB (-$16.58 million), and Fidelity's FBTC ($12.47 million) all experienced fund outflows. On this day, Bitcoin is trading at around $96,400 on the Binance Tether (USDT) market, down 1.8% compared to the previous day.

Following BitGet's transfer of approximately 40,000 Ethereum (ETH) to Bybit, which had suffered a major Ethereum hack, BitGet CEO Gary Chen clarified that 'these funds have absolutely no connection to user assets.' On the 21st (local time), BitGet CEO Chen stated, 'All BitGet users' assets are safely stored on the platform,' adding that 'we issue Proof of Reserves (PoR) monthly, maintaining a reserve ratio greater than 1:1.'

Analysts suggest that it could take years for North Korea's Lazarus hacking group to cash out the Ethereum (ETH) stolen from Bybit. On the 21st (local time), blockchain expert Eric Wall stated, "Lazarus launders their stolen funds in stages. This means it could take a long time until they fully cash out." According to Wall, Lazarus first converts the stolen ERC-20 tokens to Ethereum, then converts it to Bitcoin (BTC). Subsequently, they exchange Bitcoin to Yuan through cryptocurrency exchanges based in Asia before finally cashing out. He explained, "This process could take several years, and Lazarus is known for not rushing their money laundering operations." According to Chainalysis's 2022 report, North Korea still holds some funds (approximately $55 million) stolen from hacks dating back to 2016.

It has been revealed that the large transfer of Ethereum (ETH) from Binance to Bybit was not an official support from Binance but rather a personal transaction by a specific whale investor. On the 21st (local time), blockchain expert Andy Lian stated through his X, "Binance has stepped up to support liquidity stability for its competitor Bybit," noting that "this contrasts with typical industry competition." He mentioned Binance founder CZ, saying "protecting consumers comes first, and the community is the top priority." However, Binance founder CZ directly commented on this, explaining "The transfer appears to be from users," and "It's likely that a specific whale provided a loan to Bybit." He added, "We cannot take credit for this as it's not official support from Binance." Previously, when a large amount of Ethereum was transferred from Binance to Bybit, industry speculation suggested that Binance had stepped in to support liquidity for Bybit, which recently suffered massive hacking damages. However, through the founder CZ's explanation, it was confirmed that this was simply a large-scale personal transaction. Meanwhile, Bybit recently suffered damages from a hacking attack that resulted in the theft of approximately 401,347 Ethereum. Bybit CEO Ben Zhou stated, "Customer assets are safely stored, and we have processed over 99% of withdrawal requests," confirming that there are no issues with the exchange's ability to pay.

Bybit CEO Ben Zhou stated that the exchange is maintaining normal operations despite suffering its worst-ever hacking attack. Zhou announced through his X account on the 21st (local time), "Since the hack occurred, over 350,000 withdrawal requests have been received, and approximately 99.994% of withdrawals have been completed." He added, "Currently, about 2,100 withdrawal requests remain, and the exchange is making every effort for swift processing." He further stated, "All functions and products are operating normally even after the hacking attack. The entire team has been working overnight to address customer inquiries and concerns."

Global cryptocurrency exchange Bybit has suffered a major hack, losing 401,347 Ethereum (ETH). The damage amounts to approximately $1.46 billion, making this potentially the largest theft in cryptocurrency industry history in dollar terms. Bybit CEO Ben Zhou announced via social media X on the 21st (local time) that "hackers compromised a specific Ethereum cold wallet and transferred all Ethereum to an unidentified address." However, he clarified that "Bybit maintains sufficient solvency, and customer assets are safely stored on a 1:1 basis." Bybit has enlisted blockchain forensics experts to investigate the hack and track the movement of stolen assets. They are also working with partners to develop measures to recover the lost funds. The industry has stepped up to support Bybit. Binance founder Changpeng Zhao stated, "I would suggest (Bybit) temporarily suspend all withdrawals," and offered "all necessary support if needed." Reports indicate that Binance and BitGet have transferred approximately 50,000 Ethereum to Bybit's cold wallet. The North Korean government-backed hacking group Lazarus has been identified as the suspected perpetrator of this hack. Lazarus is known to be connected to incidents such as the Axie Infinity Ronin Network hack in 2022, which caused over $600 million in damages. Meanwhile, Ethereum's price is experiencing a sharp decline. This is due to the acceleration of a potential bank run on Bybit following the massive Ethereum theft. Concerns about potential Ethereum dumping have also emerged. Ethereum is currently trading at around $2,650 on Bybit, down more than 3% from the previous day.

Global cryptocurrency exchanges Binance and Bitget have transferred 50,000 Ethereum (ETH) to Bybit's cold wallet following Bybit's security incident. Bybit's total loss from this incident amounts to 401,346 ETH. According to CryptoBriefing on the 21st (local time), these exchanges processed the transfer directly without going through regular deposit addresses. Notably, Bitget's contribution of 39,999 ETH represents approximately half of their Ethereum reserves. Bybit CEO Ben Zhou announced that day that hackers had compromised the exchange's Ethereum cold wallet through manipulated multi-sig transactions. He stated, "Bybit's ability to pay remains unaffected" and added, "We plan to cover the losses with funds received from partner companies." Blockchain security analyst ZachXBT identified the North Korean state-sponsored hacking group 'Lazarus Group' as the primary suspect behind this hack. The Lazarus Group was previously linked to the theft of approximately $625 million worth of cryptocurrency from Axie Infinity's Ronin Network in 2022.

AI and blockchain technology developer IQ announced on the 21st that it has launched the Agent Tokenization Platform (ATP), which enables AI agents to own, trade, and manage assets on-chain. ATP is a platform that allows AI to perform complex financial activities without human intervention, built on the AI-optimized blockchain Fraxtal (FRAX). AI agents operating on ATP each issue their own tokens, which represent governance, value, and functionality. Through this, AI evolves beyond a simple automation tool to become an independent entity capable of autonomous economic activities. Fraxtal is preparing to launch FraxAI, the first tokenized agent utilizing ATP. It also plans to introduce AIVM technology through the North Star Hardfork. AIVM is a system that rewards AI for performing computational work, strengthening the self-sustainability of AI-based economic models. It also plans to support AI agents to utilize leverage immediately upon issuance by linking with the automated lending market (BAMM). The Brain framework, ATP's core technology, integrates with NEAR Intents, the AI agent development stack of NEAR Protocol, a leading blockchain in AI and Web3. Additionally, it will provide functions through integration with AI-based financial automation systems, including ▲AI-driven lending and borrowing through Fraxlend ▲automatic token swaps using Odos ▲on-chain market monitoring through Heartbeat. Illia Polosukhin, co-founder of NEAR Protocol, stated, "The collaboration between ATP and NEAR will create an environment where AI can go beyond being merely intelligent entities to perform independent economic activities."

U.S. Ethereum (ETH) spot ETFs recorded net inflows for two consecutive trading days. According to data from Farside Investor on the 14th (local time), spot ETFs traded in the U.S. saw a total inflow of $11.7 million. Other products except Fidelity's FETH showed no net flows. Ethereum is currently trading at around $2,720 on the Binance USDT market, up 1% from the previous day.

US Bitcoin (BTC) spot ETFs have ended their net outflow streak. According to data from Farsight Investor on the 14th (local time), Bitcoin spot ETFs traded in the US recorded a total net inflow of $70.6 million. Fidelity's FBTC ($94 million) recorded the highest net inflow, followed by BlackRock's IBIT ($22.3 million) and Bitwise's BITB ($8 million). ARK Invest's ARKB and Grayscale's GBTC experienced net outflows of $13.2 million and $47 million respectively. On this day, Bitcoin is trading at around $97,500, up 0.7% from the previous day based on the Binance Tether (USDT) market.

The U.S. Securities and Exchange Commission (SEC) has begun discussions with the crypto industry about adding staking functionality to Ethereum (ETH) spot Exchange-Traded Funds (ETFs). According to minutes released on the 14th (local time), SEC officials met with representatives from Zetolabs and Multicoin Capital to discuss the possibility of integrating staking into Ethereum spot ETFs and how this could be implemented in compliance with regulations. The possibility of adding staking functionality to Ethereum spot ETFs has significantly increased since the resignation of former SEC Chairman Gary Gensler, who had been skeptical of the crypto industry. The New York Stock Exchange (NYSE) and Chicago Board Options Exchange (Cboe) have also requested permission for staking in Ethereum spot ETFs.

According to the Token Mindshare (a metric quantifying the influence of specific tokens in the virtual asset market) top gainers from Kaito, an AI-based Web3 search platform, the top 5 most trending virtual asset keywords as of the 15th are Kaito (KAITO), HyperLiquid (HYPE), Bitcoin (BTC), USD Coin (USDC), and OfficialTrump (TRUMP). Kaito took first place, primarily due to its recent announcement of plans to launch its native token 'KAITO'. Through its official X account, Kaito stated, "The transition to the InfoFi era begins with our native token. The token will be utilized for market force control, network currency, and community governance activation." HyperLiquid, a Layer1 (L1) blockchain specialized in futures trading, ranked second. HyperLiquid's token 'HYPE' has shown remarkable performance since its launch in December last year. HYPE has recorded approximately 180% growth over two months. During the same period, Bitcoin and Ethereum declined by 3% and 32% respectively. HYPE is currently trading around $26. Bitcoin followed suit. Bitcoin is trading at around $97,500 on the Binance USDT market, up about 0.8% from the previous day. Despite recent weakness, institutional demand for Bitcoin remains strong. Abu Dhabi's sovereign wealth fund purchased $436.9 million worth of BlackRock's Bitcoin spot ETF 'IBIT' in Q1 this year, and Barclays also newly acquired 2.47 million shares of IBIT. USD Coin has reached its highest market capitalization in 2 years and 8 months, showing strong upward momentum. USDC, which faced a crisis during the Silicon Valley Bank (SVB) collapse in 2023, is now challenging Tether (USDT)'s position with support from the U.S. government. The meme coin OfficialTrump, issued by U.S. President Donald Trump, is also attracting significant investor attention, having surged over 30% recently. OfficialTrump is currently trading at $21.7 on the Binance USDT market. Investors are also showing interest in Solana (SOL), Meteora (MET), PumpFun (PUMP), XRP, and Jito (JTO).

Tether (USDT), the world's largest stablecoin issuer, has expressed its intention to comply with the stablecoin regulations proposed by the U.S. Congress. According to Eleanor Terrett, a Fox Business reporter, on the 14th (local time), Paolo Ardoino, CEO of Tether, stated, "We will comply with whatever regulations come our way." He emphasized, "We will comply regardless of how the regulations are shaped," adding that "We won't disregard regulations at the expense of Tether's future." He further noted, "However, we will participate in the legislative process to clearly convey our position."

NYSE Arca, a subsidiary of the New York Stock Exchange (NYSE), has submitted an application to the Securities and Exchange Commission (SEC) to introduce staking functionality for Grayscale's Ethereum (ETH) spot Exchange-Traded Fund (ETF). According to The Block on the 14th (local time), NYSE Arca submitted the application to the SEC, specifying that "the trust will receive a portion of staking rewards." If staking functionality is approved, the Ethereum spot ETF will be able to generate additional revenue through its held Ethereum and distribute these earnings to investors in the form of dividends. While the SEC approved trading of Ethereum spot ETFs last year, it prohibited staking for these ETFs due to potential securities law violations. In its application, NYSE Arca argued that its staking approach differs from delegated staking and staking-as-a-service models. NYSE Arca explained, "This staking is performed solely with the Ethereum held by the trust. It can generate reward yields with just a point-and-click approach, limiting additional risks," adding that "enabling the trust to stake Ethereum would allow for better returns for investors."

Institutional investors have increased their exposure to Bitcoin Exchange-Traded Funds (ETFs) in the fourth quarter of last year. According to the latest 13F reports filed with the Securities and Exchange Commission (SEC), major institutional investors significantly adjusted their holdings in Bitcoin spot ETFs during the fourth quarter of last year. The 13F report is a mandatory filing for institutional investors managing stock assets exceeding $100 million quarterly. The most preferred Bitcoin spot ETF among institutional investors is BlackRock's 'iShares Bitcoin Trust (IBIT)'. As of December 31, approximately 1,100 institutions held 247 million shares. Goldman Sachs increased its IBIT holdings by 88% compared to the previous quarter, securing 24.07 million shares. This represents the second-largest holding following Millennium Management (29 million shares). Barclays newly entered the Bitcoin spot ETF market by purchasing 2.47 million IBIT shares. The Abu Dhabi sovereign wealth fund also made its first IBIT purchase worth $436.9 million, immediately becoming the 7th largest holder of IBIT. The Wisconsin state employee pension fund reportedly more than doubled its holdings.

Interview with Christian Thompson, Managing Director of Sui Foundation Sui Forms RWA Partnership with Ant Digital "Planning Aggressive Expansion" Blockchain Gaming Console Launch Expected This Year Sui Foundation has formed a Real World Asset (RWA) tokenization partnership with Ant Digital, the blockchain subsidiary of China's largest fintech company, Ant Group, in December. Starting with this partnership, Sui plans to pursue more aggressive ecosystem expansion this year. On the 14th, Christian Thompson, Managing Director of Sui Foundation, told BloomingBit in an interview, "Ant Digital has been looking for a partner in the RWA sector for a long time, as public blockchains are prohibited in China due to regulations." He added, "Ant Digital currently holds massive ESG assets in China. Going forward, Ant Digital will launch these ESG assets as RWAs through the Sui blockchain." Thompson also expressed confidence in Sui's technology. "Through numerous tests last year, we've confirmed that Sui blockchain is faster, cheaper, and safer than any other project," he emphasized, "It's time to ignite growth. You'll see a completely different Sui from what you've seen so far." Regarding the blockchain-based console 'SuiPlay 0X1' set for official launch this year, he said, "We've already announced partnerships with Steam and Epic Games, and more major partnerships are in preparation." He stated, "We understand that for 'SuiPlay 0X1' to succeed, it needs to include various genres and high-quality games," adding, "We're putting great effort into this and will announce various news at Korea Blockchain Week (KBW) in Korea this year." He continued, "We're also building a loyalty program with various types of airdrops for device users," noting that "early buyers have already received special rewards such as NFTs." Thompson also shared insights on the changing cryptocurrency industry atmosphere following Donald Trump's presidential election. "The Trump administration is definitely creating a different environment from before," he said, "Clear regulatory policies and pro-cryptocurrency stance will increase industry-wide credibility and have a positive impact." Regarding the potential approval of altcoin spot ETFs for Litecoin (LTC), XRP, and Solana (SOL), Thompson stated, "While it's clearly a positive signal for the industry," but added that "Sui doesn't have specific plans related to this." However, he mentioned, "We continue various discussions with financial institutions. Important announcements will come this year." Addressing concerns about insider trading and circulation issues surrounding the Sui Foundation, he emphasized, "We've already sufficiently explained all concerns. We will continue to operate the foundation based on transparency." He added, "We've published future token issuance schedules to prevent misinformation. We'll continue such efforts to resolve any remaining questions about us." Doo-hyun Hwang, BloomingBit Reporter

Layer-1 (L1) blockchain project Sui Foundation will officially launch its blockchain-based portable gaming console 'SuiPlay 0X1' this year. On the 13th, Christian Thompson, Managing Director of Sui Foundation, announced this plan at a media roundtable held at Grand InterContinental Seoul Parnas in Gangnam-gu, Seoul. Director Thompson explained, "Last year, we conducted pre-orders for SuiPlay 0X1 in Korea, and received 1,738 orders in just one week," adding that "the cumulative orders have exceeded 7,000 units, which is 70% of our Q1 target." He further stated, "We will begin product shipping along with the official launch within this year." Sui Foundation plans to focus on expanding its blockchain gaming ecosystem alongside the console launch. Thompson said, "Various blockchain games will be released through SuiPlay 0X1," adding that "this includes games from Korean gaming companies NHN and Xociety." He also addressed the relatively high console price. "While the $599 price point might seem high, we will justify this through the product's high quality," he said, adding that "we are also planning various token airdrop events utilizing the gaming console." He evaluated the Korean market as a 'strategic stronghold.' Thompson stated, "Korea is a country with an excellent gaming industry and numerous virtual asset investors," and revealed that "we plan to make active investments in various sectors going forward." He also emphasized their consistent activities in Korea, including hackathon events and partnerships with educational institutions. "We have conducted various activities in Korea, including hosting hackathons and operating educational programs," he said, adding "we will continue to value the Korean market and maintain our efforts." He also commented on how Donald Trump's presidential election victory has positively impacted the virtual asset industry. "Communication with the government is improving, and clear regulations are being gradually announced," he said, adding "we plan to actively pursue cooperation with various countries going forward."

USDC Hits All-Time High Market Cap on the 5th 22%↑ YoY...Tether Only Up 3% U.S. Moves to Regulate Stablecoins "Regulation-Friendly USDC Has the Advantage" The market capitalization of the stablecoin USD Coin (USDC) has reached its highest point in 2 years and 8 months, showing a strong upward trend. After facing a crisis due to the collapse of Silicon Valley Bank (SVB) in 2023, USDC is now threatening the position of its competitor stablecoin Tether (USDT) with the support of the U.S. government. On the 5th, USDC's market cap surpassed $55 billion, exceeding the previous high of $54.9 billion recorded in June 2022. Continuing its upward trend, USDC's market cap reached $56 billion as of the 12th, marking an approximately 22% increase from the previous month. During the same period, the market cap of Tether, the leading stablecoin, only increased by 3%. Changes have also been observed in market share. Tether still holds the top spot with a 64% share, but this is a decline from last year's 75%. Meanwhile, USDC's market share has risen by 6% from the previous year to 25%. Two years ago, during the SVB collapse, USDC experienced a 'depegging' crisis, where its price, which should have been fixed at $1, plummeted to the $0.8 range. This was due to 8.25% of Circle's reserves being tied up in SVB, causing a severe liquidity crisis. At that time, investors exchanged USDC for Tether despite incurring losses, and USDC's market cap fell to $24.1 billion. After the U.S. government announced full protection of SVB deposits and Circle unveiled plans to secure additional liquidity, USDC has been on a rapid rise this year. The cryptocurrency industry cites the U.S. government's push for stablecoin regulation and the active support of the Nasdaq-listed cryptocurrency exchange Coinbase as factors contributing to USDC's growth. U.S. Accelerates Stablecoin Legislation..."Advantage for Regulation-Friendly USDC" The U.S. Congress is actively pursuing stablecoin regulation legislation with the launch of the Trump 2nd administration. David Sachs, the White House crypto czar, stated at a press conference on the 4th that preparing and passing stablecoin legislation is a major goal, as stablecoins are seen as playing a crucial role in maintaining the international dominance of the dollar. Currently, the U.S. Senate and House have each introduced stablecoin regulation bills: the 'Guiding and Establishing National Innovation for US Stablecoins (GENIUS)' and the 'Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE)' bills. The GENIUS bill, aiming for Senate passage within 100 days, includes provisions such as requiring regulatory approval for stablecoin issuance in the U.S., oversight by the Federal Reserve for stablecoins with a market cap exceeding $10 billion, and holding reserves in a 1:1 ratio of U.S. dollars and Treasury bonds. The industry believes that if such legislation passes, it will favor USDC's growth. As the Trump administration shows a willingness to reorganize the cryptocurrency industry around the U.S., USDC, which has been operating in a regulation-friendly manner, is expected to benefit the most if stablecoin regulations are strengthened. Kim Kyu-yun, CEO of the domestic cryptocurrency brokerage firm HappyBlock, told Bloomingbit, "USDC is a stablecoin with strengths in regulatory compliance and interoperability," and predicted, "If the stablecoin regulation bill passes, global financial institutions are more likely to hold and use USDC for asset regulation compliance." Coinbase Leading USDC Expansion..."Possibility of Tether Delisting" The U.S. Nasdaq-listed cryptocurrency exchange Coinbase is also leading the expansion of USDC. Recently, it launched a new service supporting USDC loans backed by Bitcoin, aiming to expand USDC's use cases and strengthen liquidity. Brian Armstrong, CEO of Coinbase, has actively promoted USDC, publicly suggesting on X (formerly Twitter) that X should adopt USDC as a payment method. At the Journal House event held in Davos, Switzerland, on the 21st of last month, he stated, "If stablecoin regulations are implemented in the U.S., Tether could be delisted." Tether is closely monitoring the situation. The European Union (EU) has introduced the 'Markets in Crypto-Assets (MiCA)' regulation, leading to pressure as cryptocurrency exchanges in Europe delist Tether one after another. Paolo Ardoino, CEO of Tether, stated in a recent interview with Bloomberg, "We do not rule out the possibility of entering the U.S. market if clear regulations and guidelines are in place." He also emphasized that Tether's growth could aid the U.S. economy and strengthen the international status of the dollar, attempting to improve relations with the U.S. government. Lawrence Alba, Head of Business Development at Roma Protocol, predicted, "If Tether fails to meet U.S. regulatory standards, many trading platforms will voluntarily reduce their exposure to Tether." Hwang Doo-hyun, Bloomingbit Reporter

According to the top gainers of Token Mindshare, an AI-based Web3 search platform by Kaito, the top 5 crypto-related keywords that people are most interested in as of the 8th are Story (IP), Solana (SOL), Bitcoin (BTC), Monad (MONAD), and Solayer. The first place is taken by the intellectual property (IP) blockchain platform Story. Story officially announced the issuance of Token IP by unveiling its tokenomics on the 7th. Story plans to distribute an airdrop equivalent to 10% of the total issuance to the community. Solana followed. Solana has recently garnered investor interest with the news that the U.S. Securities and Exchange Commission (SEC) has received a review request (19b-4) for Solana's spot ETF. The possibility of approval for Solana's spot ETF has increased, raising expectations for Solana's price rise. James Seyffart, a Bloomberg ETF analyst, analyzed, "The SEC once rejected Solana's spot ETF's 19b-4. This submission is a significant move." Solana is trading at around $190 on Binance today. Bitcoin ranks third. Currently, Bitcoin is trading at around $96,100 on Binance, down 1.1% from the previous day. Recently, Bitcoin has been experiencing a decline due to geopolitical instability heightened by U.S. President Donald Trump's statement about 'occupying Gaza.' Previously, President Trump stated, "The U.S. can occupy Gaza." As a result, investors seem to perceive Bitcoin as a risky asset and are moving funds to safe assets like gold. Monad is in fourth place. Monad announced through its official X on the 4th that "the testnet will be launched in February." This news seems to have attracted investors' attention. Solayer also made headlines by announcing its tokenomics. The maximum supply is 1 billion, with 51.23% allocated to the community and ecosystem. In addition, investors are also showing interest in Dogecoin (DOGE), Solayer Solana (SSOL), Coinbase, and 0G Labs.

The US Bitcoin (BTC) spot ETF has switched to a net inflow in just one day. According to data from Trader T on the 7th (local time), Bitcoin spot ETFs traded in the United States recorded a total net inflow of $171.08 million. ARK Invest's 'ARKB' recorded the largest net inflow with $59.04 million, followed by Fidelity's 'FBTC' ($52.47 million), BlackRock's 'IBIT' ($21.77 million), Bitwise's 'BITB' ($10.47 million), and Franklin's 'EZBC' ($5.57 million). Meanwhile, Bitcoin is trading at around $96,200 on the Binance Tether (USDT) market, down 1.34% from the previous day.

Bitcoin, which showed a strong performance last year, is underperforming compared to Gold this year. This is because investors are flocking to the traditional safe asset, Gold, amid heightened geopolitical tensions following U.S. President Donald Trump's 'Gaza Strip occupation' remarks. On the 7th (local time), Bloomberg reported, "While Bitcoin has only risen 3% this year, Gold has surged 9%, reaching an all-time high of $2,882 per ounce." Following President Trump's statement that "the U.S. could occupy the Gaza Strip," the rise in Gold has been notable. In contrast, Bitcoin remains about 10% below its annual high. Currently, Bitcoin is trading at around $96,600 on the Binance Tether (USDT) market, down 0.45% from the previous day. Bitcoin has been evaluated as a store of value similar to Gold due to its limited supply. However, it is pointed out that it is not fully performing that role in the current situation. On the other hand, Gold continues to hold its position as a strong safe asset amid economic uncertainties such as the U.S.-China trade war and tariff threats. Aoifinn Devitt, Chief Investment Advisor at Moneta Group, said in an interview with Bloomberg TV, "Bitcoin can be considered a hedge against fiat currencies. However, in the current market, its appeal is diminished due to high dollar demand," adding, "Over time, Bitcoin may develop its own characteristics, but for now, it is still considered a high-risk asset." Nevertheless, Bitcoin supporters expect that over time, the unique characteristics of virtual assets will be recognized as a store of value. Paul Howard, Director at market-making firm Winsent, predicted, "The emergence of Exchange Traded Funds (ETFs) that invest directly in Bitcoin will gradually reduce volatility and attract more investor funds."