Doohyun Hwang

21Shares applies for Sei (SEI) spot ETF…"Also considering reflecting staking rewards"

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

Japan Financial Services Agency accelerates 'Web3 regulation'... leading stablecoin institutionalization [BLS Tokyo 2025]

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

Circle VP "Web3 innovation fueled by regulation… Japan fastest in Asia" [BLS Tokyo 2025]

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: “The U.S. virtual asset market is reaching a new turning point... Regulatory innovation is in full swing” [BLS Tokyo 2025]

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

"Stablecoins, digital alternatives to cash... Need to build common infrastructure" [BLS Tokyo 2025]

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: "Japan, the sleeping lion of the Web3 market… Stablecoins and animation are key" [BLS Tokyo 2025]

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

U.S. Ethereum Spot ETF Switches to Net Inflow After Four Consecutive Days of Outflows

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

"Strategy, Buying Bitcoin Almost Every Moment... Mitigating Market Shocks through Dollar-Cost Averaging"

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 SBI Holdings to Promote Circulation of Stablecoin 'RLUSD' in Japan

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

JPMorgan: 'Ethereum Outperforms Bitcoin... Greater Growth Potential'

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

U.S. Bitcoin Spot ETFs See Capital Outflows for 5 Consecutive Trading Days

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

Base (BASE) Seeking to Issue Korean Won Stablecoin?

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

SOL Strategies CEO "Bitcoin could reach $175,000 by year-end"

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,

Upbit Launches Official Telegram Channel in Korea

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 Assets Plunge Amid Fed's Cautious Stance on Rate Cuts... Focus on Powell's Remarks

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

Pennsylvania Proposes Bill to Ban Public Officials from Profiting from Virtual Assets

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

US CFTC launches full-scale 'Crypto Sprint'... "Commences collection of market participants' feedback"

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

US Congress Includes 'Anti-CBDC Provisions' in National Defense Authorization Act

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: Stablecoin Three Kingdoms… Challenging 'Digital Dollar' Hegemony

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

Lee Jae-myung administration accelerates introduction of spot digital asset ETFs and token securities

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 Plunge After Hitting Record Highs... Will Powell Signal a Rebound?

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, Heading to $1,000?…"Closer to Speculative Talk"

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 dominance hits six-month low… Is 'Altcoin Season' coming next month?

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 & Crypto Schedules] US July Retail Sales, etc.

<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

Ethereum issues about 70,000 coins in a month... Institutions make a 'buying frenzy' of 3.5 million coins

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

US Bitcoin Spot ETF Sees Net Inflow of $230.55 Million

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

U.S. Ethereum Spot ETF Sees Net Inflows of $639.74 Million...Second Largest Ever

On the 14th (local time), the U.S. Ethereum (ETH) spot ETFs recorded net capital inflows totaling $639.74 million. This marks the second largest amount in history, following $704.32 million on the 13th. According to data from TraderT on the 14th (loc

Has Bitcoin's '4-year cycle theory' ended... "The longest bull market in history is underway"

On the 14th (local time), Bitcoin's price surpassed $124,000 during intraday trading to set a new all-time high. Amid this, some in the market suggest that the established '4-year cycle theory' is being put to the test. On this day, Joe Consorti, Hea

Mill City Ventures, Initiates 'SUI Treasury Strategy' in Collaboration with Sui Foundation

U.S. NASDAQ-listed company Mill City Ventures III announced its Q2 results as of the end of June, along with its latest strategic moves, on the 14th (local time). While continuing its traditional short-term commercial lending and specialty finance bu

Expectations for a 'big cut' dashed by US PPI...Virtual asset market turns downward

The virtual asset (cryptocurrency) market has collectively shifted into a downward trend. The United States' Producer Price Index (PPI) for July surpassed market expectations by a large margin, rapidly quashing hopes for an interest rate cut. Additio