JH Kim

According to Binance News on the 27th (local time), the US Securities and Exchange Commission (SEC) has initiated the official review process for the approval of the listing and trading of the XRP Exchange Traded Fund (ETF) filed by WisdomTree. Previously, WisdomTree submitted an application for the XRP ETF to the SEC in December last year. Meanwhile, XRP is trading at $2.3441, up 1.14% from the previous day, based on the Binance Tether (USDT) market as of 01:48 on the 28th.

According to the virtual asset (cryptocurrency) specialized media WuBlockchain on the 27th (local time), one of the funds managed by BlackRock, BSIIX, held 2,123,592 shares of the BlackRock Bitcoin (BTC) Spot ETF (IBIT) as of the end of the first quarter. This amounts to $99.4 million, an increase of approximately 430,000 shares compared to the previous quarter. Meanwhile, BTC is trading at $11,260.82, up 0.74% from the previous day, based on the Binance Tether (USDT) market as of 01:24 on the 28th.

Bitcoin (BTC) has temporarily recovered the $110,000 level. Meanwhile, BTC is trading at $110,125.65, up 0.10% from the previous day, as of 00:49 on the 28th in the Binance Tether (USDT) market.

Sui (SUI), which recently gained attention due to a hacking incident, has announced security enhancement measures related to the decentralized exchange (DEX) Cetus (CETUS) hacking case. On the 26th (local time), SUI explained through its official X (formerly Twitter) that "the incident was not due to a fundamental vulnerability in the SUI network or the Move language, but was caused by a bug in the Cetus math library." They further stated, "We are planning to announce several measures to enhance the security of the SUI ecosystem," adding that "this includes an additional $10 million investment in security enhancement." Previously, Cetus, a major DEX within the SUI ecosystem, suffered a loss of $260 million due to hacking. This announcement is seen as a step towards restoring trust across the SUI ecosystem, with specific plans for strengthening security infrastructure and improving risk response capabilities expected to be presented. Meanwhile, SUI is trading at $3.4719, down 1.63% from the previous day, based on the Binance Tether (USDT) market as of 04:18 on the 27th.

French blockchain specialist company The Blockchain Group (ALTBG) announced on the 26th (local time) via X (formerly Twitter) that it will issue convertible bonds worth 63.3 million euros (approximately 98.8 billion won) to expand its Bitcoin (BTC) holdings. Through this funding, they plan to increase their BTC holdings to 1,437 units. The company considers BTC as a long-term strategic asset. This move is noted as a representative example of the ongoing trend of companies incorporating BTC into their portfolios as digital gold. Meanwhile, BTC is trading at $109,154.06, up 1.61% from the previous day, based on the Binance Tether (USDT) market as of 03:48 on the 27th.

Bitcoin (BTC) has temporarily returned to the $109,000 level. Meanwhile, BTC is trading at $108,912.04, up 1.48% from the previous day, based on the Binance Tether (USDT) market as of 02:48 on the 27th.

On the 26th (local time), the Financial Times (FT) reported that Trump Media & Technology Group (TMTG) plans to raise approximately $3 billion (about 4.1 trillion won) for large-scale investment in virtual assets (cryptocurrencies) such as Bitcoin (BTC). According to the media, TMTG aims to secure $2 billion through new stock issuance and the remaining $1 billion through the issuance of convertible bonds. It is anticipated that these funds could be used as initial capital for investment in digital assets such as Bitcoin. FT reported that this plan might be formalized ahead of the 'Bitcoin Conference 2025' to be held in Las Vegas, USA, this week, but the company has completely denied this. Trump Media strongly criticized the report immediately after the FT article, calling it an "article based on foolish information," and officially denied the related content. Meanwhile, a White House spokesperson declined to comment.

Ethereum (ETH) has been showing a strong upward trend recently, buoyed by the regained confidence of institutional investors in the cryptocurrency market. According to cryptocurrency-focused media outlet CoinDesk on the 26th (local time), ETH surged over 5% within 24 hours, breaking through the major resistance level of $2550. The outlet analyzed that "ETH has formed a strong support line at $2550, with trading volume exceeding the average, supporting the upward trend." In particular, over 178,000 transactions occurred, leading to a short-term peak of $2597. The continuous inflow into ETH spot ETFs for two consecutive days is also heightening bullish sentiment among institutional funds. Regarding this, the outlet added, "Despite market volatility, institutional confidence in ETH remains firm," and "the next major resistance level is $2800, where strong selling pressure is expected as it is the average price range where many investors have previously bought." Meanwhile, ETH is trading at $2567.49, up 2.19% from the previous day, based on the Binance Tether (USDT) market as of 01:01 on the 27th.

Bitcoin (BTC) temporarily recovered the $110,000 mark. Meanwhile, BTC is trading at $110,043.13, up 2.99% from the previous day as of 00:32 on the 27th, based on the Binance Tether (USDT) market.

Bitcoin (BTC) has temporarily returned to the $109,000 level. Meanwhile, BTC is trading at $108,929.08, down 2.11% from the previous day as of 04:45 on the 24th, based on the Binance Tether (USDT) market.

According to The Block, a cryptocurrency media outlet, on the 23rd (local time), the Web3 wallet connection protocol WalletConnect (WCT) announced the launch of its own token WCT (WalletConnect Token) based on the Solana (SOL) blockchain, along with an airdrop worth approximately $5 million. WalletConnect stated that the reason for choosing the Solana ecosystem instead of the existing Ethereum (ETH) base is "due to its low fees, fast speed, and favorable conditions for future cross-chain scalability." The airdrop targets include WalletConnect integrated wallet users, developers, and ecosystem partners, and eligibility verification and application can be done on the official website. Specific application methods and schedules will be announced soon. This token launch and airdrop are part of WalletConnect's strategy to accelerate the decentralization and transition to decentralized governance of the protocol, and it is expected that a voting and decision-making participation structure using WCT will be applied across the ecosystem in the future. Meanwhile, WalletConnect is a global standard connection protocol integrated with major Web3 wallets such as MetaMask and Phantom, having processed over 50 million connection transactions.

An analysis has emerged suggesting that Bitcoin (BTC) is once again at a crossroads for a bullish trend reversal from a short-term and long-term technical indicator perspective. On the 23rd (local time), Chris Kuiper, Vice President (VP) of Fidelity Digital Asset Research, stated on X (formerly Twitter), "Bitcoin rose by about 13% after the last golden cross occurred, followed by a correction," and explained, "Since April 7, it has been in a death cross state, but the price has instead risen by more than 33% from $79,153 to $105,000." He further predicted, "If the current price remains above $93,000, the death cross could transition back to a golden cross." A golden cross is considered a strong bullish signal in technical analysis, occurring when the short-term moving average crosses above the long-term moving average. Conversely, a death cross is interpreted as a signal for a bearish reversal. The market is watching closely to see if Bitcoin can secure additional upward momentum based on this analysis. Particularly, with recent increased price volatility and trading volume, the impact of major technical indicators on investor sentiment is growing. Meanwhile, BTC is trading at $109,338.67, down 2.12% from the previous day, on the Binance Tether (USDT) market as of 02:45 on the 24th.

Ravi Kasa, the new Chief Investment Officer (CIO) of Arrington Capital, stated in an interview with DL News on the 23rd (local time) that the Federal Reserve's (Fed) rate cut and the passage of the US stablecoin bill are the two biggest catalysts for triggering an altcoin rally. He added, "Regulatory changes have a much greater impact on altcoins than on Bitcoin (BTC)," and "Investors looking to cash out cryptocurrencies will have to wait a bit longer."

On the 23rd (local time), the American economic magazine Fortune reported the disappointment of investors who attended a dinner for holders of the meme coin 'Official Trump (TRUMP)' hosted by U.S. President Donald Trump. Particularly, 25-year-old influencer Nicholas Pinto criticized, "I purchased $360,000 worth of TRUMP tokens to attend, but the result was the worst." He stated, "The meal was complete garbage. It was like a steak you would buy at Walmart. Everyone at my table agreed it was the worst meal they had ever eaten," criticizing the quality of the dinner. He added, "Trump's speech also lacked substance and was mostly nonsense." Furthermore, he said, "We couldn't even get close to Trump. We were just watching from afar," adding, "It's hard to accept being treated like this after investing hundreds of thousands of dollars." The dinner was held for those who met certain criteria among TRUMP token holders and received considerable attention even before the event. Trump personally took the stage to deliver a speech, and many meme coin investors and Trump supporters attended the event.

On the 23rd (local time), Forbes, an American economic magazine, reported that U.S. President Donald Trump used the Presidential Seal at a dinner event for holders of the meme coin 'Official Trump (TRUMP)', which may constitute a violation of federal law. According to the report, President Trump stood at a podium with the Presidential Seal during his dinner speech, an act that could give attendees and the media the impression of official government endorsement. U.S. federal law prohibits the unauthorized use of the Presidential Seal, with violations punishable by fines or up to six months in prison. The media stated, "This issue raises questions beyond the mere use of a symbol, as to whether President Trump is leveraging federal authority for personal assets or projects." Meanwhile, the White House has not issued a separate statement on this matter.

According to cryptocurrency media outlet CoinDesk on the 23rd (local time), approximately $300 million worth of forced liquidations occurred across the cryptocurrency market following U.S. President Trump's proposal for tariffs on the European Union (EU). Earlier that day, President Trump proposed imposing a high tariff of 50% on the European Union starting next month. Subsequently, global stock and asset markets have been on a downward trend. According to market analysis platform CoinGlass, most of the liquidations occurred in long positions (betting on a rise), with pressure to liquidate emerging shortly after a surge in buying interest, particularly in Bitcoin (BTC) and Ethereum (ETH), leading to concentrated losses. In particular, BTC sharply declined after touching a peak of $110,000, resulting in the liquidation of short-term bulls. ETH also followed a similar pattern, experiencing a price retracement. CoinGlass explained, "This liquidation is one of the largest in the past month." Market experts analyzed that "Trump's remarks have heightened geopolitical uncertainty, rapidly diminishing risk asset preference," and "as this issue arose right after the cryptocurrency market hit an all-time high, it can be interpreted as a correction to curb short-term overheating."

On the 22nd (local time), Coinbase International Exchange, the derivatives platform of the global cryptocurrency exchange Coinbase, announced via its official X (formerly Twitter) that it will delist EOS perpetual futures starting on the 25th (local time). This decision is interpreted as reflecting a decrease in market demand due to reduced trading volume and lack of liquidity for the futures product. Although Coinbase did not specify the exact reasons for the delisting, the industry views EOS's prolonged trading slump as a contributing factor.

On the 22nd (local time), the price of Bitcoin (BTC) on the global cryptocurrency exchange Binance surpassed the previous high of $111,980. Meanwhile, as of 02:44 on the 23rd, BTC is trading at $111,735.30 on the Binance Tether (USDT) market, up 4.84% from the previous day.